CIO eureka! A culture of it innovation

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


Why do companies innovate?

0

10

20

30

40

50

60

70

80

90

100

R&D Revenue Gross Margin

Innovation

Improvementsin existingservicesand products


A thought provocative experience….

Does your

CORPORATION

expect IT to

innovate?


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.



The real issue is how do you cope with it?

….let’s see your reactions…



How do you cope…

Scared???



How do you cope…

Tired???



How do you cope…

Overwhelmed???



How do you cope…

Confused???



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.


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


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…


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


How to contact us?

[email protected]

+1 (513) 319.4729

@CIOEureka

www.linkedin.com/company/cio-eureka-

CIO eureka! A culture of it innovation

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