Article: CIOs can expect restructuring

by | Oct 16, 2008 | News, Prepare Yourself | 0 comments

This article is referenced in my video chat with you today.

[flv]https://www.theexecutivebrand.com/wp-content/uploads/2008/10/cio-2009.swf[/flv]

Quotation from the article:

Tactics your CEOs are considering and how to help

CEOs tell Gartner they cannot write off assets fast enough — debts that won’t recover, investors who won’t play ball, projects that are not performing, employees. They want to clean financial house in a few fell swoops, Lopez said, on the assumption that the market won’t punish them as hard for the write-offs in troubled times.

CIOs should expect to support high-peak public relations campaigns as the stuff hits the fan. As public trust erodes in this financial crisis, the more information a company can provide to the public and investors about itself, the better. Some companies might even publish internal blogs to show they have nothing to hide, or invite external customers to participate in company social networks to foster trust. If there are things to hide — illegal stuff — CEOs who don’t want to go to jail probably want to flush it out. Data management will leap to the forefront once again.

In this climate, CIOs can also expect to get emergency business intelligence requests for information that could be needed in due diligence to acquire or to be acquired. You might be asked to unravel systems for a unit that is being spun off. Don’t be surprised if you’re put on a plane at 9 a.m. for a whirlwind tour of a target’s IT systems. Or called upon to do a “lash-up” acquisition integration in a matter of days, so at least the companies can have integrated financial systems.

Remember the words of Norman Vincent Peale:

Become a possibilitarian. No matter how dark things seem to be or actually are, raise your sights and see possibilities — always see them, for they’re always there.

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