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Excerpts From the Book
The authentic edition of this book was composed for non-financial managers of every stripe, engineers and marketers and operations people alike. This edition has been developed specifically for information technology experts. It is for the senior IT executive who has not yet picked up the financial skills he or she needs to become an effective advocate, leader, and business partner. It is also for junior and midlevel people on their way to positions of greater responsibilitythe IT leaders of the future.
Given that focus, we should begin with an observation that we think manyperhaps not allof our readers will agree with: IT and finance sometimes have a rocky relationship.
For one thing, IT departments have a reputation for spending lots of money (and always asking for more), yet they often have difficulty demonstrating their impact on the bottom line. Measuring IT’s impact can be complex, both because the effects show up only over time and because it is up to other departments to implement and use the work IT does in supporting their business processes. Also,
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Cheap Office 2007 Key, but it’s cetainly tough to quantify.
For another thing, IT often reports into the finance organization, with the chief information officer reporting directly to the chief financial officer (CFO). That can be a great relationship, or it can be difficult. For instance, finance may be focused primarily on controlling costs, even while expecting IT to improve and increase its level of service. Then, too, CFOs typically think in quarters, since they must report (and explain) quarterly results to analysts and investors,
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Many IT experts have been developing that skill set in recent years. But perceptions are hard to change, so people in your organizationeven in your departmentmay still see IT as the big spenders, unconcerned about costs and profits. Boosting your financial intelligence can help change that perception. If you can speak the language, ask questions, and use the information,
Buy Office Professional Plus 2007, you will be a part of the wave of change in IT.