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Published on: April 22, 2009
Type of content: WHITE PAPER
Format: Unknown
Length: 8 pages
Price: FREE

Overview:
In this paper you will read how in troubling economic times, visionary IT leaders combine spending cuts with strategic new investments to overcome current challenges and prepare for better times. Rich Murphy, Planview Executive in Residence and former IT CFO for Deutsche Bank, has been through down cycles and understands their impact on IT. He gives insight to help IT organization make smarter investments to help their companies, not only weather the economic storm, but to emerge with a distinct competitive advantage.

Historically, one of the first expenses to get reduced in difficult times is IT spend, as we saw after the 2000/2001 dot-com bust. However, this is a critical strategic mistake that extends the recovery period and can even cause companies to go out of business. IT has a direct impact on a company's growth, productivity and ability to adapt to dynamic market conditions. If your company is following the old approach of cutting IT spend to save expenses, then read on to see why you should immediately push for a change. Now is the time for great companies and leaders to follow a different path which will result in great rewards in the future. With the right strategy and careful use of IT spend, your company can grow market share and come out the other side of this recession stronger.

Read this paper to learn five valuable IT investment steps that you can apply today to assist you in guiding your organization to make the right decisions today.