How to hit the ground running as a new CIO The CIO’s first 100 days Uwe Michael Mueller, EMEIA Performance Improvement Leader at EY gives insight into preparing for CIO interview’s and making the right impact once in the job. Magnus Graf Lambsdorff, Partner at Egon Zehnder International, a global executive search firm, adds some useful tips for those CIOs preparing for a new role. “You can give yourself a huge jump-start if you’re more aware of what you’re getting into.” For tips, tricks and insight to help you get ahead, read the new CIO’s bag of tricks blog cioblog.ey.com First impressions count. New CIOs need to get to grips with two pressing challenges very quickly. First, they need to establish exactly what it is they want to achieve in the role, both for themselves and for the organizations they serve; second, they need to begin developing strong relationships with those individuals in the organization who can help them to realize those ambitions. Find out more about CIO Program at ey.com/cio Start by thinking ahead of time. In practice, the CIO’s opportunity starts well before the first day in the office, says Magnus Graf Lambsdorff, Partner at Egon Zehnder International. “You can give yourself a huge jump-start if you’re more aware of what you’re getting into.” CIOs have not always planned ahead in this way on accepting new appointments. But if you’re taking up a new role, it is more crucial to do so today than ever before. How to prepare for your CIO job interview CEOs and their boards are looking for more than just technical expertise when they’re appointing a new CIO. They’ll expect you to know the relevant technologies inside out, to demonstrate your capacity for both day-today operations and project management, and to explain how you’ll get the most out of IT on limited resources; but they need other qualities too. Leadership talent and strategic ability — both areas where CIOs sometimes concede their skills fall short — will be high on their lists. At your interview, expect to be asked about such attributes, and be ready to provide tangible examples of where you’ve shown the qualities required. Plan your answers for 10 questions likely to come up: • How would you describe your leadership style? • What was the most significant difference you made in your last role? • What will you achieve in your first 100 days as CIO? • Can you give an example of when you persuaded a diverse set of stakeholders to embrace a technology initiative? • What are the best ways to measure the value of the IT function? • How can you maintain performance while coping with smaller IT budgets? • What should the balance be between spending on IT maintenance and innovation? • What’s your approach to setting out the long-term technical direction of the IT function? • What is the largest non-IT initiative you’ve lead? • How did you measure the success of this initiative? • Assess the team you’re inheriting — look at the strengths and weaknesses of the IT department you will be running • Think about the immediate impression you want to make — what will your message be during the first few hours and days in the job? Read more: cioblog.ey.com/2013/09/23/how-to-prepare-for-your-first100-days-as-cio How to make the right impact when you start a new CIO role A CIO who makes an immediate impact in their new role stands a better chance of achieving long-term success in the appointment. But while you need to get it right from the word go, your first weeks and months in the post need to have balance: you’ll certainly want to begin communicating your vision, but you’ll also need to listen to, and learn from, colleagues across the business. Strategies that have worked elsewhere may not work here. The goal should be to establish yourself as both a technical expert and a rounded business leader capable of adding strategic value. Start by focusing on five key areas: • The market environment — your organization’s current trading context and its future strategy • Your colleagues’ expectations — what they’re hoping for from IT • The organization’s capabilities — what your function can currently do and how that compares to what is needed • Compliance issues — the regulatory framework within which you must operate Read more: cioblog.ey.com/2013/09/16/how-to-prepare-for-your-ciojob-interview • Risk — the dangers to which IT is potentially exposed, or to which IT could How to get ready for your first 100 days as CIO Read more: cioblog.ey.com/2013/09/30/how-to-make-the-right-impactwhen-you-start-a-new-cio-role The first 100 days in your new CIO post will be vital, so the more you can do to be ready to hit the ground running, the greater your chances of success. The period you have before taking up the post represents a golden opportunity to really prepare for day one. Think carefully about how you’ll do that — you may prefer a less formal approach, meeting with key figures over lunch or a drink after work, or something more formal. This might even mean spending a day or two in the office before you start the job. Your objectives during the period before you formally take up the role should be to: • Understand the organization’s strategic direction — aim to acquire a clear picture of where the company is now and where it wants to go • Get to grips with its culture — judging the mood and tone of the organization will be crucial as you work out how to approach it potentially expose the company Why preparation is everything Getting the best possible start to your new CIO role — from the interview to the first 100 days, via good preparation before you take up the post — will make a huge difference to your chances of achieving your long-term goals in the job. Miss the opportunity and there is a good chance you’ll spend months or even years playing catch-up, struggling to set a clear vision, let alone to persuade colleagues to help you get there. You may never have the opportunity to achieve what you had hoped for. CIOs can’t afford to take that risk. The job is simply too demanding for you to get the start wrong. This is your chance to set your own roadmap for success, and to win friendship and influence among the key players capable of helping you along the journey. • Identify the key stakeholders — work out which executives you need to prioritize relationships with EY | Assurance | Tax | Transactions | Advisory About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com. © 2013 EYGM Limited. All Rights Reserved. EYG no. AU1956 EMEIA Marketing Agency 1000599 ED None. In line with EY’s commitment to minimize its impact on the environment, this document has been printed on paper with a high recycled content. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice. ey.com/cio
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