IT Management Slideshow: CEO Strategies: What Every CIO Needs to KnowBy Dennis McCafferty | Posted 07-25-2011
CEO Strategies: What Every CIO Needs to Know
Top-ranked challenges for global CEOs:1. Business growth2. Talent development3. Cost optimization4. Innovation5. Government regulation
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Top three strategies to meet business growth challenge1. Develop or expand a sustainable products and services portfolio.2. Introduce innovations and new value propositions.3. Enter or expand into emerging markets.
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Top three strategies to meet talent challenges:1. Improve leadership development programs and nurture talent internally.2. Enhance effectiveness of senior management team.3. Provide employee training and development.
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* Top three ways to meet cost-optimization challenges:1. Redesign business processes.2. Improve employee productivity.3. Achieve economy of scale through standardization or harmonization of products and processes.
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Top three strategies to meet innovation challenges:1. Apply new technologies (product, process, information, etc.).2. Foster entrepreneurship, innovation and appropriate risk taking.3. Engage in strategic alliances with customers, suppliers and/or business partners.
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Top three government regulation strategies:1. Engage with competitors or stakeholders to influence regulatory agenda.2. Increase lobbying to promote level playing field.3. Engage public to influence government.