Offering regional and national programs, CIO (and CSO) events bring together some of the most respected names and thought leaders in information technology and security. Presented by CIOs and other senior level executives, these invitation-only programs offer timely topics and strong networking. Learn More »
Portfolio Management Maturity Model at Chevron - Presentation & Discussion
November 13, 11:30 AM - 12:30 PM ET (GMT-4)
The fundamental goal of the model is to help IT become a business partner and earn a seat at the table. Core to the model is to establish a five year IT strategic road map that is owned by the business. Presenter Janinne Franke is manager of strategy, planning & optimization at Chevron's corporate department & services. She will share processes and lessons learned from developing and implementing the model.
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December 01, 2003 — CIO — "Sink or swim" is a much-loved clichŽ in business, but it isn’t a viable approach for the half-million managers and executives who start new jobs at Fortune 500 companies each year, says Harvard Business School associate professor Michael Watkins. People receive lessons on how to swim before they’re allowed in the deep end; by the same token, new leaders?and their organizations?need a systematic approach to job transitions.
It takes just over six months, on average, for new leaders to reach what Watkins calls the break-even point: the part of the learning curve at which they start creating net value for their organizations. In his newly published book, The First 90 Days (Harvard Business School Press, November 2003), Watkins lays out a framework for shortening the transition period for new leaders.
The first steps for a new leader are to make a mental break from the old job and prepare thoroughly for the new one. "Perhaps the biggest pitfall you face is assuming that what has made you successful to this point in your career will continue to do so," Watkins writes. New leaders need to research everything about their new role: formal tasks and implicit responsibilities; markets, products, technologies and systems; and (if they’re new to the organization) culture and politics.
What comes next depends on the job level, Watkins says. For junior managers, the most important tasks are creating a network of contacts, both inside and outside the organization, and building a relationship with their new boss. Getting to know the new superior isn’t about sucking up; it’s a carefully planned series of conversations about the situation at hand, the boss’s expectations, his personal style and resources available.
For senior executives in a new job, there are three critical tasks, says Watkins: building a network, evaluating the staff (firing and hiring, if necessary) and ensuring the strategic alignment of the organization. The last task is the tallest. It requires figuring out whether the organization’s strategy is sound, and developing skills and systems necessary to achieve the strategy.
Paying attention to job transitions isn’t just a good career move for individuals, it’s also a good idea for organizations. Roughly a quarter of managers in a typical company take new jobs each year, which means that transition periods never stop in most large organizations. Yet in studying leadership programs at U.S. companies, Watkins found only a few that try to coach managers on how to accelerate their transitions.
Just the basics, please. Sometimes we all need a refresher or we need to make sure our team and our colleagues are all on the same page.
Over 25 tutorials on everything from business intelligence to virtualization.