Learn to measure and manage the real value of IT investment and spending
IT investments are becoming more than just business enablers or assets on the books; they provide capability that can drive the business. Thought leadership should migrate towards information investment, getting a bigger bang for the buck from the 'I' in IT and from the 'I' in CIO.
Your organization needs a new kind of IT investment management system, built to optimize the IT value-creation of the company network. Just looking at financial or accounting measures of value is a short-term focus and a lag indicator, while focusing on productivity measures does nothing for the intangible value and intellectual capital generated.
The IT Value Network: From IT Investment to Stakeholder Economic Value incorporates new emerging decision support methods, such as real options, which are considered to complement traditional financial measures. Organizational and informational economic based techniques are also incorporated to manage and assess IT investments, including the balanced scorecard (BSC), and investment and portfolio management; in addition to coverage of IT key performance indicators and competitive benchmarking.
The IT Value Network:
- Provides a proven framework to unlock and realize IT value, which bridges the value gap between the CIO and business partners, especially the CFO and the Board
- Shows how value needs to be triangulated with other stakeholder/scorecard measures
- Provides a six degrees of IT value model and maturity model for managing IT investment
- Includes cases and implementation guidance making the methodology easy to apply
In the current economic climate, the tendency is to focus IT investments on short-term profitability. The IT Value Network offers a forward-looking perspective, challenging you to align IT spending more effectively to the company business strategy, value system, and the business network, for sustained competitive advantage or network advantage.
How much should management care about IT investment and value? A lot. Many managers see IT as just a necessity of doing business or business enabler, not a powerful capability that can drive the business. The truth is, your organization won't see optimal results without effective IT value-based management. It's time to get the most bang from your IT buck.
Strategic and forward-looking, The IT Value Network: From IT Investment to Stakeholder Value offers an innovative perspective, challenging you to align IT spending more effectively to your company's business strategy, value system, and the business network for sustained competitive and network advantage.
A true road map for value-creation, realizing bottom-line dollars and intellectual capital, The IT Value Network: From IT Investment to Stakeholder Value reveals:
- A proven framework to unlock and realize IT value, bridging the value gap between the CIO and business partners, especially the CFO and the board
- How value needs to be triangulated using various financial-based and organization-based measures, applying the IT value index scorecard and the IT value portfolio
- Six degrees of IT value management to maximize stakeholder economic value
- Case studies demonstrating how four companies in the banking, financial, retail, and high-tech/telecommunications industries realized IT value
- IT value maturity model, checklist, and toolkit for easy implementation
Maximize stakeholder economic value. Gain sustained competitive advantage or network advantage from IT investment and spending. Lead your entire organization to new realms of success in today's challenging economic climate, through the visionary methods and techniques found in The IT Value Network: From IT Investment to Stakeholder Value.
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ISBN-10: 0470422793
ISBN-13: 978-0470422793
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