Premium virtual CTO services from Innovationvista? Like many CEO responsibilities, the key is to put the right team in place – whether permanent employees or outside partners. But how can a CEO without technical security expertise know whether their security team and program protect them in every way they should? How can a modern-day CEO sleep at night when considering information security? Our team of expert C-level consultants has consolidated this list of main components which should be included in an effective information security program. A summary list of this kind is, of course, no replacement for deep research nor any insurance that protections put in place will function as intended. But for CEOs wanting to get some sleep at night, it does at least provide fodder for a good conversation with your CIO and CISO…
With decisions of this importance on the line, where the spectrum of impact from wise vs. poor decisions is so extremely wide, it’s no wonder that many companies hire full-time CIOs/CTOs for this role, often conducting nationwide/worldwide searches to find the right candidate. Compensation packages have increased significantly in recent years, as the strategic importance of the role has increased far faster than the pool of experienced leaders. Find even more info at fractional CIO services.
A trick every CEO should know about cybersecurity: Cyber liability insurance premiums are significantly increasing in cost and often do not cover all of the damages caused by a cyber breach. Further, it is incumbent upon CEOs to learn more about cybersecurity to ensure their company is taking appropriate actions to secure their most valuable information assets. This does not mean that every CEO needs to become a Certified Information System Security Professional (CISSP). Rather, CEOs should increase their knowledge of core cybersecurity concepts and leverage their own leadership skills to conceptualize and manage risk in strategic terms, understanding the business impact of risk.
Over 90% of companies with dedicated sales teams have licensed a CRM system, and yet far fewer of these companies believe their CRMs are strategic in their impact to the top and bottom lines. Quora got double-digits responses to the question “Why do salespeople hate CRM?” “Why do salespeople love CRM?” had not been posted as a question as of the time of this writing. Why is it so challenging to get sales teams to use CRM systems? Contrary to some other commentators on this topic, I don’t believe the problem of low CRM adoption is due mainly to the systems being overly complex, or salespeople having limited grasp of software generally. Don’t get me wrong; some CRMs are no doubt too complex, designed by techies without sufficient input from real sales teams, etc. There are over 300 different CRM systems in the market today, and no doubt some are poorly designed.
Progress and innovation are seen as some of the top priorities in businesses, always trying to stay ahead of the curve and compete for an “edge” on an ever-shifting scale. Since Covid-19, companies are seeing just how critical staying apace with the changing times is to their survival and success. The uncertainty of the future brought on by a global pandemic has exacerbated the issue surrounding change and created several challenges for businesses as they attempt to plan ahead. We see situations where business are struggling to “keep up” with developing technology and systems, particularly when the changes impact their business models, or when they have to defend against disruptive innovations from their competitors. Find additional details at startup business tech strategy.
Innovation Vista has a unique approach to selecting consultants for our engagements; we only hire lead consultants with experience as C-level IT leaders or Partner-level consultants who have demonstrated track records of tangible business results impacting Revenue, Market-share, and/or Margin significantly for their employers/clients. Our network includes consultants with experience in all major industries: Communication Services, Consumer Discretionary, Consumer Staples, Energy, Financial Services, Healthcare, Industrials, Information Technology, Materials, Real Estate, Utilities and more.
One critical piece of the puzzle often missed is making every effort to fill/infer data wherever possible to find the optimal balance of complete/accurate data with efficient data entry. If salespeople and support staff see that the system does “everything it can” automatically, they’ll be more willing to enter the unique data points which truly add value to the organization’s view of each customer and opportunity. CRM adoption success is more in the hands of Executive leadership than most leaders realize.
“Companies must innovate or die”. “Record-setting innovation investments poised to disrupt many industries”. Headlines like these proliferate business journals and have become calls to action for boards of directors. On the other hand, we are in the midst of a pandemic which already broadsided the economy once, and threatens more impact from heightened consumer and business caution, forced lockdowns, and high costs of preventative measures until a vaccine solution is available at scale. We’re in an unprecedented time of change and challenge; it’s easy for business leaders today to feel stuck between a proverbial rock and hard place. And yet, in the midst of these strange days – and in some ways because of them – it is in fact possible for companies to innovate without decimating their P&L. Read additional details on https://innovationvista.com/innovation/innovation-culture/.