Managing IT in economic downturns; so much more than just slashing and burning Part 1: Setting the scene
Conclusion: Economic downturns alter organisational dynamics and can herald changes in the executive power hierarchy. IT can be particularly vulnerable if seen as a cost centre and order taker. As economic forecasts darken, a common scenario is for the balance of power to swing to the CFO. Then, an economic austerity agenda is usually pursued, characterised by a program of across-the-board cost cuts that have Chief Executive imprimatur.