IT leaders can stimulate economic growth by changing fundamental things they do in their business and their personal lives, according to Gartner, Inc. IT leaders must turn the fear of a recession into an opportunity to leverage what they have and to innovate in order to grow their business.
During the opening keynote today at Gartner Emerging Trends Symposium/ITxpo, being held here through April 10, Gartner analysts explained that in some ways it was the drive to innovate by financial institutions that led to the current economic conditions. When more lenders and investors wanted their share of the massive housing boom, these financial firms were innovating new mortgage related products to drive revenue growth.
“The worst consequences of this recession can be reversed, and the road to business growth can be rediscovered by countering innovation with innovation,” said Ken McGee, vice president and Gartner Fellow at Gartner. “If you wait for the official declaration that this recession has ended before you plan for growth, you will have lost months or even a year of opportunity to return to business growth. While some of your staff are cutting costs, simultaneously have others on your staff start preparing for the return to business growth, and do that now.”
IT Strategy: IT Cannot be a Profit Center (Friday, September 08, 2006) IT Strategy: Of late, there is a lot of emphasis on IT ROI. While this is commendable, extending this argument to convert the IT Organization into a profit center is taking it to another extreme. For example, are HR, finance, and marketing profit centers? Why not?
Realizing the Power of Innovation Webs (Monday, December 04, 2006) Once agian, Don Tapscott talks about the imperative of collaboration. This time, it is with Optimize Magazine
Buzzword: Business Model (Monday, March 12, 2007) "Business model" has to be the king of buzzwords. "Strategy" is not far behind but there is something about business models that makes it more powerful! This article tries to demystify the term.
A Framework For IT Value (Monday, April 02, 2007) In this series, we will discuss IT Value - from its definition to a framework to measure and track it
Part IV: A Framework For IT Value (Monday, April 30, 2007) Last week, we discussed the cost dimension of IT Value. This week, we will discuss the time to market dimension.
Complementary Genius (Tuesday, May 29, 2007) IBM, Google, and Intel have each unearthed competitive advantages by investing in innovations that, at first glance, seemed unrelated to their core businesses. What's their secret? Nicholas Carr offers five questions that leaders can ask themselves to help uncover opportunities in the ecosystem their company operates in. His point: By understanding the ecosystem, leaders can often find innovation opportunities in products that complement their core business.
Innovating by simplifying: Seven ways to make things better (Monday, October 29, 2007) Sometimes you innovate to create whole new markets and capabilities, and sometimes you just want to make an improvement - in many cases, such improvements come as a result of simplification.
Business Model Innovation: The End of Advertising As We Know It (Thursday, October 04, 2007) Traditional advertising players - broadcasters, distributors and advertising agencies – will need innovative new approaches to respond to major industry shifts underway.
Exploring initiatives for innovation (Thursday, October 04, 2007) Insurers have for years mistaken optimization for innovation, but true innovation requires a willingness to try something different to address persistent operational challenges.
In Search of Innovation (Tuesday, November 13, 2007) Bringing innovation to your organization isn't easy. Need tips? Read On!
50 Ways to Green Your Business (Tuesday, December 04, 2007) I had a tough time slotting this article. I know it must be read so here it is...on all channels!
12 Ways Companies Can Innovate (Wednesday, January 30, 2008) This excellent article presents both the imperative and process for innovation. Must read!
Making Better IT Investment Decisions (Wednesday, January 30, 2008) Are you drowning in a sea of data and not a drop to drink? Look around you; you are not alone!
7 Innovation Myths (Wednesday, January 30, 2008) Innovation is on everyone's minds but is it understood? Here are the 7 myths about innovation
Strategy: Kill Google (Sunday, February 03, 2008) Kill Bill's sequel is out. In this fast paced thriller Microsoft goes after Google. Will Google survive?
Trippling Innovation Success Rate! (Tuesday, February 12, 2008) Innovations are notorious for their high failure rate. Is there a way to reduce it? Read on...
Demystifying Project Portfolio Management (PPM) (Monday, March 24, 2008) Project Portfolio Management is a critical concept and tool for IT Managers. Have you cut through the hype so you can use this tool?
Are CIOs in Denial? (Monday, April 21, 2008) How can CIOs respond to this uncertain economy? Here is a 10 part recipe...
Measuring Innovation (Monday, July 07, 2008) How do you know if innovation is really producing results? Measure it young man. Here are some pointers to help you along the way...
The History and Future of Value Management (Monday, July 07, 2008) An excellent presentation on measuring and managing "value" - discusses various frameworks. MUST READ!
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