In a constantly evolving world it is easy to get consumed with the worry of staying current with technological skills. In an article for The Enterprisers Project, Peter Weis acknowledges this worry but redirects the focus for CIOs to channel their energy on developing other skills. Here are the three most overlooked areas in which to develop additional skills:
- Corporate finance
- Change management
- Negotiation skills
Developing Skills to Lead Business
The first of these skills is rooted in corporate finance. A company is nothing without investors, and understanding the financial lingo will help immensely to know what matters most. Take the time to learn the acronyms important to financial leaders, such as: ROIC, NPV, EPS, or EBIDTA. Not having a basic grasp of finance will ultimately limit one’s career.
As for change management, Weis writes:
Don’t consider this a “soft” skill. It’s not mysterious, and it’s not optional. We as innovators are often the “canary in the coal mine” for our companies, continuously testing our company’s ability to change. Mastering change management skills will dramatically reduce the odds of tripping on the well-trodden path of failed projects. There are frameworks available to develop and apply this very real skill — to create a compelling vision for change, achieve quick wins, build political support, and market your successes.
Technology will come and go, but the ability to successfully negotiate is eternal. The majority of CIOs will spend over 50 percent of their budgets on negotiated contracts. The stakes might be high, but this powerful skill will help to navigate through the sea of uncertainty. This career-changing skill is developed over time, but the process can be accelerated in classes offered.
These three skills will help to ensure CIO success. Such talents are a scarcity, and because of this, they are highly valuable. You can read the original article here: https://enterprisersproject.com/article/2015/10/3-overlooked-management-skills-i-wish-i-d-developed-sooner