Named one of the "Top 10 Most Influential People in IT" by eWEEK, author Peter Weill, along with Jeanne Ross, director of MIT's Center for Information Systems Research, wrote "IT Savvy: What Top Executives Must Know to Go from Pain to Gain." The book, which will be in stores July 7, is excerpted in IT Business Edge's Knowledge Network. The excerpt is the entire chapter 6, "Driving Value from IT."
This book is based on field research in 1,800 organizations in more than 60 countries. The authors describe the practices, competencies, and leadership skills that non-IT managers need to succeed in the digital economy. The authors boil down what it takes to become IT savvy into three steps. The first is to fix what is broken by actively managing the IT portfolio and assigning clear decision rights and accountability. The second step is creating a digitized platform for business execution and innovation. And the third step is exploiting the platform for profitable growth.
Chapter 6, in particular, discusses business agility -- the use of existing processes and IT capabilities to rapidly generate new business value while limiting costs and risks.