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 Sordo
Managing Director
Feb 2013
CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com [email protected]
“Today, innovation is almost always
supported – if not driven – by IT.”
Todd Park
CTO of the United States of America June 2012
CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com [email protected]
Why do companies innovate?
0
10
20
30
40
50
60
70
80
90
100
R&D Revenue Gross Margin
Innovation
Improvementsin existingservicesand products
CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com [email protected]
A thought provocative experience….
Does your
CORPORATION
expect IT to
innovate?
CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com [email protected]
NO!!!
Have a positive attitude!
All rights reserved. Chicago www.CIOEureka.com [email protected]
Innovation 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 creative
IT 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.
Have a positive attitude!
CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com [email protected]
The real issue is how do you cope with it?
….let’s see your reactions…
Have a positive attitude!
CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com [email protected]
How do you cope…
Scared???
Have a positive attitude!
CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com [email protected]
How do you cope…
Tired???
Have a positive attitude!
CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com [email protected]
How do you cope…
Overwhelmed???
Have a positive attitude!
CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com [email protected]
How do you cope…
Confused???
Have a positive attitude!
CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com [email protected]
Five characteristics which define business innovation
Risk
Wealth
Sustained time
Diversity
Selection
• It is just like "walking off the cliff blindfolded". However, the higher the risk, the greater the reward.
• Must create perceived benefits (i.e. shareholders value).
• Time to grow-up, develop and evolve into something valuable.
• A combination of diverse ideas into new domains.
• The best will win. Even slight advantages are important when selected.
CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com [email protected]
1) The IT Innovation team will collect an initial list of projects from our broad based of
market driven community and existing COE, and team requests and will prioritize and
scorecard 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 us
to dedicate team time and resources.
• FEASIBILITY - Does the team believe it is feasible to complete this request
with 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 be
selected as new innovation projects for that period.
F A F
F A F
The 4F’s from Latin America
• Focus
• Foreseeing Crisis
• Frugality
• Force Choices
CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com [email protected]
Big, 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 oxygen
fast.
A culture of IT Innovation…
CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com [email protected]
About CIO Eureka!
A Chicago-based IT Executive Consulting firm with demonstrated success developing value to our clients. Our
philosophy 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 robust
recommendations. We provide them with seasoned and hands-on CIO expertise designing and executing the most
relevant IT strategy. Bottom line, we deliver business-relevant value!
José Ignacio Sordo
Managing Director
Specializes in IT strategy and management,
transforming the business model, IT innovation and
running IT like a business
CIO Eureka!, LLC. All rights reserved. Chicago www.CIOEureka.com [email protected]
How to contact us?
+1 (513) 319.4729
@CIOEureka
www.linkedin.com/company/cio-eureka-