CEOs have traditionally been directly associated with shareholders. This has been and will continue to be a long-standing relationship where the CEO is held accountable by the shareholders to continue to grow the market share and value for the enterprises they lead.
However, shareholder expectations can and should drive the IT strategy for the enterprise – or, in other words, send a clear message to the CIO.
In this article in the HP Industry Edge Financial Services edition, Jim Scurlock discusses how the shareholders are not just focusing on the newest technology on the block or exercising control over the operational expenses. According to Scurlock, they are focusing more on maximizing shareholder value.
He goes on to share the 4 steps that financial institutions can take to drive the conversation around IT to directly address what the shareholders are looking for. Upon a review of these steps in detail, cloud computing emerges as the most effective way to comprehensively address them – a classic instance of the shareholders indirectly impacting the IT strategy for the enterprise.
Cloud computing can best enable each of the 4 steps outlined by Scurlock via the following ways:
As I think more about it, I see that there really is no other paradigm that can effectively enable all the steps that Scurlock outlines in this edition of the HP Industry Edge Financial Services.
Enterprises can employ such IT strategies to directly align with shareholder expectations – if the CIOs are paying close attention.
How about you? What are your shareholders telling you? How is your IT strategy addressing your shareholders’ concerns? .