The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.
September - 2012 - issue > CIO Insights
IT leadership: Key for consistent Results
Ratnakar Nemani
Group CIO-Himatsingka Seide
They have to ensure the important guidelines of ROI (Return on Investment) and KRAs (Key Result Areas) on established deadlines both for their personal record, the company well-being, as well as for their team as a whole. Even a small snag may prove to be very pricey.
As we all know, the times are becoming tougher and recessionary. As an IT leader, I personally feel that IT spent has to be treated as an Investment which should fuel the growth or contribute to the bottom-line in the form of savings. This can be possible only when IT leaders are also financially literate. Here, I would like to refer to one interesting survey conducted by Harvard (article published in HBR-Oct). The survey established the following dilapidating results:
• 38 percent of the surveyed C level executives to supervisors scored just an average
• Majority were unable to distinguish Profit from Cash
• Many do not know the difference between Profit & Loss Account and Balance Sheet
• 70 percent could not pick the correct definition of “free cash flow”.
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