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MESSAGE FROM THE PARTNERS
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As you know, one of M. Wood Company's specialty practices within IT is
the CIO position. Our experience and knowledge within this facet of IT
can be noted through our successful placement of over 40 CIO's.
When we began MWC's CIO Network our goal was to provide networking
opportunities and to inform members on industry issues. We have, over the
last four years, worked on accomplishing this through personal
communication to individual members, quarterly newsletters and roundtable
discussions. A few members have even come to us for advice and council to
significantly enhance their performance in their current jobs. We've
assisted these individuals in areas concerning VPA pricing, packaging of
ideas & strategic initiatives, assessment of talent, finding alternate
approaches for strategy, and motivation of staff. Although we've done
this, we need further participation from you. Our communication has
lapsed and we need to restore it to ensure the worth of the Network.
M. Wood Company values our relationship with our members and therefore
encourages you to use our broad range of services to help leverage your
capabilities as a CIO. We firmly believe M. Wood Company can be a
catalyst to your success, however you must be proactive in pursuing the
necessary resources within our company. Whether you are interested in
free consultative advice, a career change, or would like to introduce
someone to our Network, a simple phone call or email can make a
difference.
Over 50% of corporate CIO's today have not succeeded in their roles
because they fail to evolve along with the position. They don't truly
have a seat at the table in helping define corporate structure and
strategy hence they fail to see the big picture and don't know how to
attack the big picture for that matter. They fail to understand that a
CIO is now, more than ever, a part of the executive management team,
aiding those individuals in strategizing to guide an organization to
success. A CIO must visualize the future and implement plans to execute
initiatives. If these individuals were to seek out resources such as
ours, we guarantee they would prosper within their environments.
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FEATURE - From IT to General Management - Up Close With Patrick
Kennedy
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Over the past 10 years the role of the CIO has evolved into that
of a true renaissance figure in regards to the positive affect they have
on the business strategy of their organizations. No longer are CIO's part
of the back office nor is information technology considered an
expense.
In today's business world, CIO's are part of executive management
teams, involved in organizational strategy. Executive management now
recognizes that information technology touches every aspect of the
business and therefore is an enabler of strategic direction.
Furthermore, as more and more CIO's come to the executive table, through
this cross- organizational exposure, many have transitioned into general
management roles.
As the transition trend from information technology to general
management continues to rise, M. Wood Company decided to take a closer
look into what skills or knowledge are needed for a CIO to be successful
in a general management role. To assist us in our crusade for answers we
spoke to Patrick W. Kennedy, an MWC Network member, who has experienced
this success first hand. Patrick has been a candidate and is now one of
M. Wood Company's most loyal clients.
Patrick's career in IT spans almost two decades with previous roles as
Software Engineer, to Manager of Information Systems and eventually to
CIO. Patrick currently works for UnitedHealth Group as Vice President of
UnitedHealth Network Technologies. He is responsible for defining and
managing UnitedHealth Network's IT strategy. UnitedHealth Network manages
$80B+ in healthcare spend, which is directly influenced by Patrick's IT
strategy.
Prior to UnitedHealth Group, Patrick served as CIO for Avidyn Inc. and
Division President of ppoONE, Inc., Avidyn's eHealth product. ppoONE
offers claims re-pricing and data management for PPOs, third-party
administrators, health care plans, and insurance carriers.
As Division President, Patrick was responsible for developing all business
strategies for ppoONE's product, acquisition, merger and partnership
activities. Under his leadership, ppoONE gained the largest market share
in the enterprise PPO eHealth space.
We asked Patrick to discuss with us, his experiences while moving up
the IT ladder and eventually transitioning into general management.
Below is what he had to say.
NN: What do you consider to be the biggest difference between a
general management position and an IT position?
PWK: When a person is in a management role, he/she understands
that the business strategy is the driving force behind everything. That
is the biggest difference, the ability to understand the vision and
business strategy.
NN: What skills have you learned, throughout your career, are
invaluable for a CIO to know if he/she decides to make the plunge into
general management?
PWK: Some of the most important tools a CIO should acquire are
business strategy acumen, process thinking and communication skills.
Unfortunately, many IT professionals lack these skills. CIOs must
understand that business strategy drives operational strategy, which
ultimately defines the system needs and not vice versa. Many IT people
don't make that connection. A great system is worthless if it doesn't
support a business function that, in turn, supports a business
strategy.
NN: At what point in your career did you become aware of the
importance of business strategy and understanding operations?
PWK: It wasn't until 1996, when I was working for Avidyn, Inc.,
as CIO that I realized the importance after getting involved with the
management team. Our President and COO taught me business process
management, operational strategy and ultimately business strategy.
NN: Pat, what advice would you give to Network members, with an
intense IT background, if they were interested in transitioning into a
general management?
PWK: Get out of the IT box and live and breathe like a COO, CMO
and CFO. In other words, learn and understand operations, marketing and
finance. You become a general manager only when you understand the
connections between those areas and how they come together as a whole. The
ability to see the big picture is the key. Most IT professionals are
focused on the project at hand and lose sight of the business and
operational strategy.
M. Wood Company's strategic relationship with Patrick began in 1994
when our CEO, Milton Wood, introduced him to an opportunity, which
ultimately led to his placement at UnitedHealth Chambers as CIO &
Director, Information Technology.
Since 1994 M. Wood Company has partnered with Patrick on a variety of
searches for his organizations. With our consultative approach to his
various organizational needs, Patrick was able to build successful teams
with diverse positions including: Chief Information Officer, Senior Vice
President, Sales & Marketing, Chief Operating Officer, Director of
Applications Development and Project Manager.
If you have any questions or comments on Patrick's transition into
general management, he can be contacted via email at patrick_w_kennedy@uhc.com
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COMPANY NEWS
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M. Wood Partners & Consultants Attend AIMS Conference
In
concert with our objective of building and maintaining strategic
relationships to better serve our clients, M. Wood Company is now a member
of the Association of International Management Search. AIMS is a network
of highly regarded personnel consultancies and search firms throughout the
world and is represented by 55 offices in 33 countries in all five
continents. This membership allows us to have a global reach in serving
our clients and individuals such as you.
Part of AIMS membership involves participating in Practice Groups
according to each partner's specialty function within recruiting. AIMS
members voted M. Wood Company's consultative search approach to IT
recruiting as the most comprehensive and therefore elected John Poracky as
chairperson of the Information Technology Practice Group.
AIMS held its annual partners conference between June 19 - 24 in
Toronto, Canada. This year, the conference focused on best practices in
recruitment to excel in the 21st century. The objective of the conference
was to appropriately find a collaborative approach to pursue potential
international clients. The conference activities included lectures on
Best Practices in Recruitment & Sales, Developing Skills to Excellence in
the 21st Century and Strategies for the Future.
One of Poracky's initiatives for the IT Practice Group was to educate
members on our approach to executive search so he utilized his time during
the conference to present a session on IT recruiting using M. Wood
Company's 4 step consultative process. Katherine Smetana, our Director of
Research & Recruiting accompanied Poracky in introducing members to our
process.
John Trakselis, a Principal of M. Wood Company also attended the
conference as a member of AIMS Finance Practice Group. Trakselis's
participation in the Group has leveraged his expertise in the financial
services industry.