What Most CIOs Get Wrong About Strategic IT Plans
CIO, Tuesday, May 14th, 2024
Calling a plan 'strategic' doesn't make it so. Instead, zero in on the purpose of each layer of your plan to build more effective vision, mission, and focus.
Wonder why Elon Musk wants to land people on Mars? It's because any Martian business will enjoy an insurmountable advantage: With a 687 earth-days long year, Martian enterprises will go through about half the number of budgeting cycles their terrestrial competitors do.
In my younger and more sarcastic days I used to needle my friend the budgeting manager, who was also responsible for reviewing capital project proposals to ensure their projected ROI exceeded the hurdle rate. 'What,' I asked him, 'is the ROI for budgeting?' My friend would state, in response, 'Your budget is your plan!'