04 Apr What CIOs must do to survive the recession
The old ways are gone forever — CIOs must adapt to a new environment fully engaged with operations, customers, and revenue generation.
The global recession that’s crushing weak companies and challenging great ones has trashed — permanently — the traditional role of the CIO and the expectations for that role. Caught in a wrenching evolutionary spurt that’s jolted executives at every level across every industry, CIOs now need to adapt to a new environment fully engaged with operations and customers and revenue generation — the old ways are gone forever.
If you think that analysis is a little overdone, take a look through the eyes of executive recruiters at how a growing number of companies today are valuing the CIO position. And remember: These comments come from executive recruiters specializing in the IT market who aren’t at all happy about this situation:
“It’s happening across all sectors — retail is getting creamed, manufacturing is cutting back, consumer goods, financial services, universities, health care, insurance — they’re tightening their belts,” she says. In her 20 years of doing executive searches, Lieberman says this is the softest market she’s seen … “Openings [for top IT spots] are declining, companies are not replacing people or they’re not going outside to replace them,” she says.
Not replacing them? In this IT-immersed world, how can a company function without a CIO? Haven’t CIOs, by virtue of their specialized knowledge, made themselves completely indispensable?
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