CIO eureka!  A culture of it innovation
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Jose Ignacio Sordo, Líderes académicos Tec de Monterrey

Jose Ignacio Sordo, Líderes académicos Tec de Monterrey

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CIO eureka! A culture of it innovation Presentation Transcript

  • 1. Finding business relevance in IT. Our Expertise.A culture of IT innovation©Excerpts from “The Uncomfortable CEO” book 2013 – J.I.Sordo(Transforming the business …from innovation thru value realization)José Ignacio SordoManaging DirectorFeb 2013
  • 2. CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com Info@CIOEureka.com“Today, innovation is almost alwayssupported – if not driven – by IT.”Todd ParkCTO of the United States of AmericaJune 2012
  • 3. CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com Info@CIOEureka.comWhy do companies innovate?0102030405060708090100R&D Revenue Gross MarginInnovationImprovementsin existingservicesand products
  • 4. CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com Info@CIOEureka.comA thought provocative experience….Does yourCORPORATIONexpect IT toinnovate?
  • 5. CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com Info@CIOEureka.comNO!!!
  • 6. Have a positive attitude!All rights reserved. Chicago www.CIOEureka.com Sordo@CIOEureka.comInnovation has been a journey for many corporations.However there is a relevant paradox about IT organizations:Many Business Innovation Teams do not staff an active and creativeIT leader, and when they do, it is merely to get the technical stuff fixed.IT executives prefer NOT to innovate.IT executives prefer to control, cost reduction, structure and rigor.
  • 7. Have a positive attitude!CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com Sordo@CIOEureka.comThe real issue is how do you cope with it?….let’s see your reactions…
  • 8. Have a positive attitude!CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com Sordo@CIOEureka.comHow do you cope…Scared???
  • 9. Have a positive attitude!CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com Sordo@CIOEureka.comHow do you cope…Tired???
  • 10. Have a positive attitude!CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com Sordo@CIOEureka.comHow do you cope…Overwhelmed???
  • 11. Have a positive attitude!CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com Sordo@CIOEureka.comHow do you cope…Confused???
  • 12. Have a positive attitude!CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com Sordo@CIOEureka.comFive characteristics which define business innovationRiskWealthSustained timeDiversitySelection• It is just like "walking off the cliffblindfolded". However, the higherthe risk, the greater the reward.• Must create perceived benefits(i.e. shareholders value).• Time to grow-up, develop andevolve into something valuable.• A combination of diverse ideasinto new domains.• The best will win. Even slightadvantages are important whenselected.
  • 13. CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com Info@CIOEureka.com1) The IT Innovation team will collect an initial list of projects from our broad based ofmarket driven community and existing COE, and team requests and will prioritize andscorecard the Innovation Funnel using the following methodology:• FIT - Does the initiative fit with our company strategy.• AFFORDABILITY – Do we believe that the initial ROI is relevant enough for usto dedicate team time and resources.• FEASIBILITY - Does the team believe it is feasible to complete this requestwith existing resources and IT advancement.2) The innovation team will apply the score carding process to evaluate each opportunity.This process will occur each trimester delivering recommendations of which 3 would beselected as new innovation projects for that period.F A F
  • 14. F A F
  • 15. The 4F’s from Latin America• Focus• Foreseeing Crisis• Frugality• Force Choices
  • 16. CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com Info@CIOEureka.comBig, predictable, profitable innovation equals: Good ideas, linked to company goals, flowing friction-free across the company. Times the multiplier of external connections with best-of-breed IT partners. Divided by Fit-Affordability-Feasibility selection criteria. Elevated to seed funding so good ideas get oxygenfast.A culture of IT Innovation…
  • 17. CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com Info@CIOEureka.comAbout CIO Eureka!A Chicago-based IT Executive Consulting firm with demonstrated success developing value to our clients. Ourphilosophy focuses on:(1) Being a business leadership firm with expertise in IT.(2) Open and transparent communication to explain complex IT challenges in simple business terms.(3) Shared values and an unwavering commitment to quality.We work with our clients to add value by taking genuine ownership of IT related problems and delivering robustrecommendations. We provide them with seasoned and hands-on CIO expertise designing and executing the mostrelevant IT strategy. Bottom line, we deliver business-relevant value!José Ignacio SordoManaging DirectorSpecializes in IT strategy and management,transforming the business model, IT innovation andrunning IT like a business
  • 18. CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com Info@CIOEureka.comHow to contact us?info@CIOEureka.com+1 (513) 319.4729@CIOEurekawww.linkedin.com/company/cio-eureka-