Few CIOs Can Clearly Define Business Focus. Ravi Makes It Simple With These 3 Traits.
"10-15 years ago it was hey I am a technology leader and I need to understand business and I think it's flipped now to I am a business leader with a technology focus" - Ravi Malick
What does it mean?
1. Someone who knows the financials of the business.
Sits down with the FP&A leader. Spends time knowing revenue, margins, sales and marketing spend, cash flow, balance sheet dynamics.
2. Someone who makes decisions on these 3 dimensions.
- Maximize Value. Do investment benefit analysis.
- Minimizing Risk. Identity and mitigate risks.
- Managing costs. Always think twice before adding recurring costs. They can add up to $Ms over time.
3. Someone who aligns IT priorities with the business goals.
- Scale IT resources/stack to 3-4 year business plan.
- Maintain Speed of Decision fast even if execution may be slow.
- Embrace complexity where it's advantageous and cut it ruthlessly where it adds friction.
Write these frameworks. Post it. See it. Every day. Make a habit. On your way to CIO.
From Technovation with Peter High and Ravi Malik (Box CIO) - September 2023
If you are aspiring to be a CIO, I am going to post 121 case studies, podcast learnings, business stories, frameworks & tactical behaviors that you can use.
Here is first one.
It's based on Teaching Case: โPeak experience and strategic IT alignment at Vermont Teddy Bearโ (Jenis Gogan, Mark Lewis)
What will you get from reading this?
How business model, products and history impacts IT needs?
How CIO assessed current IT environment?
What did he find out?
What is CIO struggling with?
What are conversations like between CIO and CEO?
I just hopped aboard Ship 30 for 30 from @dickiebush and @Nicolascole77!
Can't wait to learn the fundamentals of digital writing & start publishing every day alongside hundreds of others in the community.
Check it out!๐๐ผ๐ข
https://t.co/TpGUAxX2Wf
Where do Profits Come From?
Profits come from risk.
Risk is an economic positive.
A business cannot eliminate risk, because it would eliminate Profits.
Interested in frameworks and mental models that help solve problems?
Over the next 30 days, I'm writing 30 Atomic Essays as a part of @dickiebush and @Nicolascole77's Ship 30 for 30.
Follow my Social Blog on @typeshare_co ๐
https://t.co/EDyGdbaFHp
I just hopped aboard the October Ship 30 for 30 cohort from @dickiebush and @nicolascole77!
Join me and 500+ others to learn the fundamentals of digital writing, form lifelong friendships, and publish every day for 30 days.
Check it out!๐๐ผ๐ข
https://t.co/TpGUAxXALN