CIO Magazine’s Executive Council Outlines Path for CIOs to Gain Prominence in the Executive Suite
FRAMINGHAM, MA. – May 26, 2010 – IDG's CIO Executive Council (Council), a global IT peer advisory community of 750 global enterprises comprised of more than 1,400 IT leaders, announces the release of the Future-State CIO® initiative. Developed by CIOs from companies including Chevron, H&R Block, and Raytheon, the Future-State CIO® defines tomorrow's CIO role. The framework details the strategies and tactics for CIOs to grow their competencies from a function head role, to a business strategist position within their organization, and gain a seat at the executive table.
On May 27th, at 11:00 a.m. ET, the Council invites current and future CIOs to join the Future-State CIO® open webinar titled Journey to the Future-State CIO: The Path to Greater Value & Sustained Relevance. The session will address the stages and steps of the journey from function-focused IT leader to business strategist CIO. Registration is available at: http://cioec.com/s/yw7k46 [http://cioec.com/s/yw7k46]
"CIOs often struggle to achieve the same acceptance and standing of their C-level counterparts, however establishing credibility is a challenging but critical task," said Louie Ehrlich, president of Chevron Information Technology Company, CIO of Chevron and a member of CIO Executive Council's board of advisors. Ehrlich continued, "CEOs are calling for CIOs and their IT organizations to step-up by influencing and enabling externally-facing business strategies, such as knowing a company's market, understanding customer concerns, and identifying new revenue opportunities. In short, the Future-State CIO® must have an overall grasp of the business well beyond just IT."
CIO magazine's 2010 State of the CIO survey, and continual peer-to-peer community interaction validate the forward movement the CIO role is experiencing within the enterprise. Since the Future-State CIO categorization began in 2007, the percent of CIOs classified as business strategists has grown by 75%, showcasing the effectiveness of initiatives CIOs have taken to hone their expertise as business strategists versus functional IT heads.
Market dynamics driving the CIO role changes include:
Digital commerce — as technology becomes more external-facing and commoditized, so must the CIO Global integration — processes and systems are globally interconnected and interdependent, requiring an enterprise perspective Stronger competition — challenges abound to differentiate companies, products and services, therefore CIOs must create and exploit IT's strategic competitive advantage Change & disruption — while the CIO is a known change agent, the Future-State CIO® must be able to update IT's value proposition and become truly influential
"During regular meetings with Council members and other CIOs we have been able to gain a deep understanding of their pain points and success stories during their evolution into business strategists," said Pam Stenson, SVP and general manager of the CIO Executive Council. "This insight has been the catalyst for several initiatives — peer match discussions, Pathways mentorship programs and more — to help the industry overall in making strategic IT and business decisions."
The Council and its Future-State CIO® program provide strategies and best practices for tactical IT executives to cultivate a more strategic profile, using tools and resources developed in collaboration with executive recruiter Egon Zehnder International and the member community at large.
About CIO Executive Council
CIO magazine's CIO Executive Council is a global community comprised of hundreds of the world's leading chief information officers who together form the most unbiased and reality-tested peer-advisory resource available to the profession. The Council's membership represents leaders from Fortune 500 and mid-market organizations that are committed to helping one another save time and money, avoid mistakes, and make better, more informed decisions. Collectively, the Council is a bellwether for the profession and voice of influence in the IT industry, around the world. CIO magazine and the CIO Executive Council are part of IDG Enterprise, and International Data Group company. Additional information can be found at http://idgenterprise.com [http://idgenterprise.com].