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CIOs are facing a dilemma. On the one hand, they must innovate with technology to help their businesses grow again as we come out of the recession. On the other, because the recovery of 2010 will be slow and drawn out, they must continue to cut costs and focus on operational efficiency. In fact, 57% of executives surveyed by Accenture in November 2009 said that innovation and cost reduction are equally important to their company's ability to achieve future growth.
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Steve Bandrowczak, former CIO at DHL, Lenovo and, most recently, Nortel, knows what IT leaders can learn from sales and vice versa because he has recently made the transition into a sales leadership role himself. As vice president of global sales at Avaya after that company's acquisition of Nortel, Steve leads sales, marketing, channel strategy, services and service strategy for Avaya's data business. I spoke with him recently. This is the third in a series.
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Year Up offers urban young adults a chance at a better life. It also offers a model of training that educators, managers and HR professionals should pay attention to.
I recently had the pleasure of visiting the birthplace of Year Up. Like many successful startups, the original space in Boston's financial district is funky, distinctive and graced with personal touches. Creaky wood floors are warmed by oriental rugs; high ceilings with exposed pipes provide architectural interest; colorful handprints of the members of the first graduating class claim the wall of the common area, where visitors and students can relax on oversize leather sofas and chairs.
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This is Part Two of my interview with Todd Pierce, CIO of Genentech. In Part One, we spoke about effective communication.
Blog Post
The holy grail of post-recession business will be profitable growth. The very idea of profitable growth is full of contradiction, as growth generally requires investment. With revenues unlikely to outpace that investment in what economists are predicting will be an anemic, drawn-out recovery, companies that have already been doing a lot of cost cutting will have to become even more efficient. This will put unusual pressure on executives to place the right bets when it comes to investments (based on strong customer insight and market knowledge). And it will require excellent management abilities and flexible, responsive, lower-cost IT.