By Petter Gottschalk
The CIO place and value rely on details know-how adulthood within the association, price configuration, strategic IT assets, e-business process, and IT governance constitution. CIO and company Strategic administration: altering function of CIO to CEO holds key info in bettering a CIO's position, which might then increase his or her probabilities of relocating up right into a CEO function. CIO and company Strategic administration: altering function of CIO to CEO presents research inside theoretical frameworks and consulting options, and begins with the call for aspect of CEO successions, particularly highlighting ways in IT foundations, e-business improvement, and IT sourcing judgements.
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Additional resources for CIO And Corporate Strategic Management: Changing Role of CIO to CEO
They were unable to build and manage the necessary network of relationships inside and outside the organization. As a consequence, they were unable to engage the top team, build the collective intuition of the leadership group, create an environment in which others felt free to express dissenting views, and so on. Faced with performance shortfalls and disappointments, these contentoriented CEOs typically engaged in a cycle of failure. They became more entrenched in their search for the right answer and their belief in the power of that answer.
Copying or distributing in print or electronic forms without written permission of Idea Group Inc. is prohibited. 6 Gottschalk Outside directors may have social ties to the CEO or professional ties to the firm that make them reluctant to challenge the CEO’s view about the viability of the current corporate strategy. Empirical evidence from the corporate governance literature does not consistently support this explanation, however. Although there is some evidence that boards comprising outsiders who lack social ties to management are more effective in controlling agency costs from overly generous executive compensation contracts, there is less evidence that directors’ independence affects the likelihood of strategic persistence in response to poor performance or environmental change.
The very first succession event in a firm is often when the founder-CEO is replaced. The critical differences between later-stage succession and founder-CEO succession include the higher level of attachment between founder-CEOs and the firms they create, the much larger equity holdings of founder-CEOs (which give them much more control of the firm), the fact that many founder-CEOs remain in the firm (even though it is being run by their successors), and the fact that nearly all early-stage succession events involve outside successors (in contrast to later-stage succession research, which has focused on the insider-outsider distinction).