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6 tips for making the most of a tight IT budget

CIO

IT leaders seeking to drive enterprise growth through technology investments are often saddled with budgets that make their tasks of increasing the top and bottom lines challenging. Despite an estimated increase to IT budgets of 5.1% The year 2023 seems to be no different.

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Top 8 challenges IT leaders will face in 2024

CIO

These external factors can have a dramatic impact on business operations and strategic planning. We are giving our budget and proposed projects more scrutiny to invest in areas that have clear attribution toward generated increased revenue, more efficiencies, lower costs, and improved workplace experiences,” Srivastava says.

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Do You Know How To Do Strategic Planning CIO?

The Accidental Successful CIO

CIOs need to know how to go about creating a strategic plan for their company Image Credit: Kyle Van Horn. If you ask any CIO to participate in creating a strategic plan for his or her company, you’ll probably see their eyes light up. The problem is that most CIOs don’t know how to create a strategic plan.

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Resourcefulness Matters: How to Help Your Team Be More Resourceful

Let's Grow Leaders

Of course, sometimes an abundance of resources can actually sabotage your ability to grow resourceful leaders. But they just didn’t have the same budget. Others danced or made up lyrics to songs that reflected their most important strategic priorities. No fancy budget. Employees formed ad-hoc rock bands.

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What is OKR? A goal-setting framework for thinking big

CIO

Ultimately, OKRs help businesses set ambitious goals, and then focus on achieving outcomes over the course of a business quarter. Benefits of using OKR OKRs are inherently designed to help companies move forward with a strategic plan to grow and succeed as a business.

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A Budget Does Not A Strategy Make!

Strategy Driven

Let’s see how many of us have been involved in this type of conversation: Strategy Consultant: “ Do you have a Strategic Plan? ” C-Level Client: “ Of course! Strategy Consultant: “ Umm, this isn’t a strategic plan. ”. Like I said, “ Umm, this isn’t a strategic plan. May I see it?

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The “Next Practices” of Strategy-Setting

N2Growth Blog

Are your strategic planning practices flat and uninspired? Have you reduced your planning process to a once per year, budgeting exercise? Do your senior people feel disengaged and removed from your strategic planning? Does the rank and file even understand what’s in your strategic plan?

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