McKinsey & Company: Thanks But I’m Good

Sometimes I wonder if I’m in the field of Human Resources because I’m not intellectually curious.

I received an email from McKinsey & Company inviting me to read an article on the changing face of IT during tough economic times. McKinsey & Company knows stuff before the rest of the world, so I clicked on the link to read the article and [maybe] learn something. Thankfully, I was presented with this summary.

*

Managing IT in a downturn: Beyond cost cutting

• As the economic slowdown intensifies, companies are looking for ways to cut costs, and IT budgets are a prime target.
• Rather than implement across-the-board cuts, managers should take a more integrated view of how IT is used throughout the business.
• Targeted IT investments can make operations more efficient and increase revenues, delivering returns larger than simple cost-cutting measures typically do.

This article contains the following exhibits:

• Exhibit 1: Investments in technology-enabled business processes can deliver up to ten times the impact of traditional IT cost reduction efforts.
• Exhibit 2: Across industries, technology investments can have a substantial impact in select areas.

*

Holy crap, it’s like Ambien for my eyes.

You know what, McKinsey — I’m not proud. Thanks for the summary. That’s about all I need.

Tagged as: IT, mckinsey, recession