It was an incredibly busy and productive week, packed with high-value HMG Strategy leadership summits and events, including Tuesday’s 2022 San Diego Technology Executive Leadership Summit in Partnership with SIM San Diego and Thursday’s 2022 Silicon Valley CIO Executive Leadership Summit.
On Wednesday, we hosted our Global CIO & CISO Executive Leadership Alliance (CELA) meeting in Silicon Valley, and I’d like to focus on some of the insights generated by that excellent gathering.
We had a lively discussion about the unrelenting pressure on technology executives to reduce costs in the current economic climate. With technology spending as one of the largest if not the largest area of capital expenditures in most companies, many CIOs and technology leaders are being asked by their CEOs and CFOs to find ways to cut costs.
We also had a fascinating and useful conversation about the evolving role of technology leaders as pioneers of consistent innovation, including how to strike a balance between cost containment while fostering innovation. We agreed that companies need to continue investing in innovation and invention – even when the economic picture seems uncertain. Research from McKinsey & Company and other organizations reveals that companies which continue to invest in innovation during a downturn outperform their peers.
I genuinely enjoy these CELA sessions which are intimate gatherings with top-tier CIOs, CDOs and CISOs to brainstorm together on strategies to lead, reimagine and reinvent their companies’ business models and go-to-market strategies, to become boardroom-ready, to strengthen their personal branding and other critical aspects of being a world-class technology leader. CELA members consistently share with us that these sessions inspire them and really bring out some of our best ideas. Because the participants are all senior leaders and executives, there’s a true sense of comradeship and collaboration.
CELA is an important component of our HMG Global Advisory Services, a unique set of research services that are designed to keep business technology executives up to speed on the latest leadership, business, technology and global macro-economic trends that are impacting members of the C-suite.
HMG Strategy’s latest advisory service is the HMG Genius Service, a unique peer-focused subscription service in which CIOs and other technology executives in the HMG community can submit inquiries regarding a particular challenge they may be facing (e.g.; negotiating a global ERP licensing agreement) and be matched with an expert in the HMG network who can offer qualified advice.
HMG Strategy’s Global Media Model generates more than one million impressions per week, providing vast opportunities for business technology leaders and sponsor partners to promote themselves, their thought leadership and their professional brands on a global scale.
You can view the complete agenda for yesterday’s Silicon Valley CIO Executive Leadership Summit here. I urge you to consult our schedule of upcoming summits and to register for one of our unique world-class events.
To learn more about our Global CELA service, click here.
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