Internal Market Economics How to implement practical IT Financial Governance financial governance

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You DON’T need to promise the impossible, like “do more with less.” You DON’T need to accept customer-expectations far beyond what your resources can deliver. You DON’T need to tolerate vague accusations that you cost too much, or unfair comparisons to outsourcing. You DON’T need to get dragged into political debates over cost allocations. You DON’T need to live with a lack of executive perception of the value you deliver. You DON’T need to hold your breath and pray for year-end money to fund critical infrastructure and innovation investments. And you DON’T need to design complex, bureaucratic, demand-management processes to solve these problems. All these problems are created by traditional financial processes. But now, we understand how to solve all these problems, with a new breed of highly effective, business-driven processes for: budgeting, rate setting, priority setting, and demand management. The breakthrough came when we applied principles of market economics inside organizations. Consider this: Your organization is a business within a business, and the people throughout the enterprise who benefit from your products and services are your customers, your marketplace. In market economics, customer get to decide what they buy, and they have to live within their means. You, as the supplier, are responsible for: helping them see their opportunities, and their choices, offering them the best deal (competitive rates), and delivering what they choose to buy with reliability and quality. As Fortune 100 CIO Preston Simons says to his business clients, “I manage unit costs; you manage volumes.” The concept is common sense. We all believe in market economics in the real world. But of course, the hard work was in figuring out practical methods and tools to implement that vision. That took 20 years of study, but now we’re there. From head in the stars to feet on the ground, this webinar will describe a vision of how IT financial and resource-governance processes should work, and exactly how to implement them. .

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Internal Market Economics How to implement practical IT Financial Governance

Internal Market Economics How to implement practical IT Financial Governance

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Internal Market Economics How to implement practical IT Financial Governance
financial governance
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