The Savvy CIO

We recently programmed a client’s business-to-business e-commerce site to display competitor pricing alongside their own pricing.

Sound crazy?

We don’t think showing your competitor’s pricing is smart for everyone. But the idea behind it is embracing the truth that you can’t hide information from shoppers. Most visitors already know the lowest prices for the items they’re buying, or can double-check in under 10 seconds. There’s no hiding anymore.

Last week I found myself at an enormous, local mall hunting for a pair of shoes. Like most shoppers, I had a set of assumptions in my mind about what was important to me in my purchasing decision. In my case my criteria were, in order:

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I’ve spoken before about Mr. IT Fix It. Mr. IT Fix It is an outsourced technology consultant who gets paid for fixing your technology when it breaks.

Hiring a Mr. IT Fix It appears to be a good way to keep costs down as you only pay when you need his assistance. But this relationship can actually end up increasing your technology costs because no one is tending to the regular maintenance of your technology to prevent problems and reduce costs.

Which is cheaper: installing a new battery in a smoke detector or dealing with a house fire?

I know, an extreme example, but it illustrates the point.

Mr. IT Fix It makes almost nothing for installing a battery but can make a lot for putting out a fire. In contrast, a Managed IT team–paid a flat monthly fee–will gladly spend a lot less time and energy performing this kind of necessary, low-profile work because it means they (like you) won’t have to deal with a time-consuming crisis (during which, like you, they will not make any money).

In short, you want your outsourced IT to care for your technology as if they own it.

The key question: is your relationship (and compensation structure) with your outsourced IT treating them like Mr. IT Fix It or like Managed IT?

Here are five lessons learned from homeowners about how business leaders want their outsourced IT to behave.

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So says Forrester’s Research Chairman and Chief Executive Officer George Colony. (HT The Magic Software Blog)

Business leaders need to know finance. They need to know the pulse of marketing and sales and operations. But too often when it comes to technology, leaders can be content to let “that guy” handle it.

Such an approach made some sense 10+ years ago, when technology was on the periphery of many businesses. But today technology is so closely intertwined with business goals that it has become mission critical.

This underlines Colony’s main point, that technology has ceased to be primarily about information and is now about business.

Colony stresses that business technology:

1. Increases revenue
2. Reduces overhead
3. Expands market share

These are core concerns of a business leader, and in today’s business world they require familiarity with business technology.

You don’t need to be a techie. Frankly, it’s probably best not to be, so there is no temptation to get into the details of the technology itself. There’s no need to be able to parse SaaS or LAMP. But there is a need to know what relevant business technology is out there for your company, so you can drive innovation.

Where do you start?

Get an educator.

Someone who can explain technology in business terms instead of technology terms. Yes, they need to speak the language of technology, but they also have to speak business and plain English.

Technology is mission critical, and it’s not OK to be ignorant anymore.

A video of Colony’s presentation is below. read more »

Suppose your sales staff write really bad proposals. What do you do?

Track down advance copies of Word 2010 to solve the problem?

Of course not. The writing will still be bad!

Yet business leaders are often tempted to think new technology can fundamentally improve sales or customer service or operations or fulfillment, when the root problem is a shortage of quality skills and processes.

Sales are down? Bring in a Sales Force Automation system!

Customer satisfaction is low? Deploy a Customer Relationship Management database!

Online revenue is slipping? Upgrade the e-commerce site with improved business intelligence metrics!

These businesses will fail. Why? read more »

In a typical arrangement, your outsourced IT technicians and consultant gets paid when things break. It doesn’t have to be this way, but this is still the predominant model. This arrangement is counterproductive and can breed distrust and frustration between you and your IT consultants.

What if instead of being rewarded (i.e. paid) when things break, your outsourced IT was rewarded for regular, preventative care and planning?

Consider the way we take care of our own homes:

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We develop, customize, build, integrate and host web applications and web sites, and we do it almost exclusively on open source software.

Why open source?

There are several reasons, but here’s a big one:

Open source saves you money.

That’s you, the client. Open source saves you money. read more »

It’s easy to see CRM as the silver-bullet to solve a host of sales and support related problems: organizing and overseeing sales staff, centralizing company information, improving accuracy of forecasting and planning, among others.

Yet successfully deploying a CRM takes much more than just turning on the technology.

Without some foresight, care and planning, business leaders can actually sabotage their own CRM, dooming the project to poor acceptance and eventual failure.

The most common forms of sabotage?

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Five Four (why use more than you need?) Fine Links for Friday highlights the best, most interesting, most relevant or most funny content we’ve come across recently online.

Are you using Google Alerts to find out what is being said about your company, your competitors, your clients or your market?

Do you even know what Google Alerts is?

Google Alerts allows you to set keywords, such as your company name, your name, topics you want to stay current on, etc. Google Alerts then regularly scans the Internet for any mention of those keywords, and delivers the results to you. It’s an incredibly powerful tool for business, alerting you to any online mention of the key words and phrases you specify.

Interested? Check these links:

1. Google Alerts.
2. Google Reader. (Google Alerts generates what is know as a “feed”. Google Reader lets you scan, read and organize those feeds.)
3. How to Set Up Google Alerts and Why You Need Them.
4. 10 Ways To Use Google Alerts for Business.

Five Fine Links for Friday is a new feature at The Savvy CIO. We want to highlight the best, most interesting, most relevant or most funny content we’ve come across recently online.

This week’s Five Fine Links are all Internet “gateway” sites. A gateway site is a website that helps people find other websites. Ideally, your company’s website.

How do people find your company online? They may search Google or Yahoo! or Bing, but they also may use another gateway. Here are five of the most important gateways. You’ll want to enter or verify your business information at each of these sites. A few minutes could pay off big.

1. Google Local Business Center
2. Yahoo Local
3. Best of the Web Directory
4. Open Directory Project
5. Business.com

Where are small businesses finding value in cloud computing?

A recently released report by Forrester Research sheds some light on the subject.

The top five business processes small businesses are moving to the cloud are:

1. Customer service and support
2. Sales force automation
3. Content management
4. Collaboration
5. Marketing automation

What’s to note? You can target THREE of these processes with ONE cloud solution.

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