Managing IT in economic downturns: Maxims to drive IT thinking and actions in 2021
Conclusion: At the start of 2020, businesses had carefully-devised strategies in place which had been put together the year before. The onslaught of the global pandemic has either put these strategies to the test or caused them to be scrapped completely. The coronavirus has imposed changes everywhere we look and across different industries. Some businesses were forced to close shop. Others have been on a path of fast-tracked innovation and transformation. Before the pandemic, organisational behaviour had been structured to usher in growth and expansion. Although these are still valid goals, another factor has been added and that is survival.
With an economic crisis looming, consumer behaviour will inevitably change. Building and rebuilding the business requires its executives to be resilient and agile. A change in mindset is key. Alternative perspectives are relevant in pivoting in this new normal. After the period of adjustment has set in, managing IT may look different from how things were previously done.
About The Advisor
Sue Johnston is an IBRS advisor who focuses on strategy and governance of private and public enterprise ICT. She is an accomplished and innovative strategist with more than 25 years’ IT and business experience across the public and private sectors. Sue has held a number of senior executive positions with IT vendors and major management consulting companies and provides coaching to IT teams looking to change the conversation with their customers, their executive and each other. As a CIO, she has led the ICT function through signiﬁcant transformation for organisations such as Department of the Premier and Cabinet, Auscript Australasia and TriCare Limited. Sue has also run a successful software development company and transitioned the company through an acquisition process. Sue chaired Innovation Committee in State Government which was responsible for generating, developing and funding innovative ideas and improving the skills and capabilities of public sector staﬀ in pitching ideas and successfully executing innovation projects.