Many of the papers submitted to Small-scale Forestry contain financial analyses of forestry investments. Unfortunately, both methods of evaluation and the reporting of the evaluation in preliminary submissions are often inadequate and result in manuscripts being rejected or requiring major revision prior to acceptance. This paper discusses some of the common zero financial analyses in research papers and presents a simplified financial analysis of the forestry plantation development to illustrate tips. Simple guidelines are offered to overcome common major weaknesses, for example in identifying relevant cash flows, confusion between financial and economic analysis, coping with capital outlays, and determining a proper discount rate.
They need to be released to the nuances of technology and how it helps before they can become proactive. Sounds easy but takes a while to attain there in such instances. Ultimately, if the CIO can convince the business to essentially want a change then it may be beneficial to proceed, otherwise, it might not be considered a bad idea to remain with the status quo (perceived to be reactive).
Reaction vs. Production is also situation-driven: Although being proactive is a great attribute, there are limitations, and it’s not the best objective of each situation or challenge. To be reactive is Wii position for a CIO. And perhaps the term “reactive” as it induces to think that the CIO is pressed to act consequently of exterior pressure. It’s not just a matter of being reactive or not. It isn’t a matter of being fearful or fearless.
It is a matter to include value to the business enterprise or not. Does new technology to create a relevant value to the ongoing company? To make IT a real enabler and compliment the continuing business road-map, IT management must get a feeler of the business view: IT must be measured from a business viewpoint. Which should help in trying new technology.
A CIO must first understand their business and industry, then evaluate technology based on the value or competitive benefit it brings to the business. Secondly is the CIO’s ability to “sell” the business value at the C-Level. CIOs have to make a priority choice predicated on ROIs and risks: if a new technology emerges that should be incorporated and has not been forecasted reactively. Every risk has opportunities: If CIOs can understand deeper with business’s support: every risk has opportunities, then IT can add more value to their strategy. The key here is to steadily institutionalize and communicate innovation throughout the organization.
It’s also important to note that a ‘firefighter’ can’t just leap into being an innovator; it takes continuous steps and stages to institutionalize such a practice gradually. But organization leadership should have a culture to create a goal/metrics that each year this innovation center must incubate and foster emerging trends and apply them to their business. Small initiatives shall earn large reliability.
- Enjoy life; drink Champagne
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A CIO must be forward-looking to see where relevant technology, and their industry, is going. Technology can be efficiency-driven, or it can be disruptive – changing the industry. It is the CIO’s job to discern the difference and make a small business case. Why do the innovations happen and who will be the strategic partners to operate a vehicle innovation: Innovations happen because of specific business needs.
Unique challenges are more apparent, even as we push the limits of the available technology, which pushes us to find a means to fix the problem accessible. The role of the CIO is to drive the corporate vision and strategy through effectiveness and innovation in the knowledge and information channels. The CIO has to look forward and positively position the business enterprise in the right place to take full benefit of opportunities.
DRIVING is not a passive activity. It really is now permeating into every part of the business, the CIO’s leadership penetration is about the depth of thought command as well as the breadth of enterprise knowledge to understanding the business all together. CIOs may take the most proactive strategy and change lives. Good CIOs have negotiation and people skills and use these to increase the eyesight of the business. These are dynamic and productive.