IT less critical to success, say older directors



Antony Adshead

Older company directors believe that IT and e-business are not the most crucial factors in future business success,...



Antony Adshead

Older company directors believe that IT and e-business are not the most crucial factors in future business success, according to a survey carried out by the Chartered Institute of Management Accountants (CIMA).

Six per cent of company directors believe that e-business is the most crucial factor for the future success of their company, according to the survey of 400 directors worldwide. Eight per cent said IT was the most important.

Most of the directors, who dismissed IT and e-business, were over 45.

"One of the things that the CIMA has become aware of is that perhaps it's the older generation that is really failing to acknowledge IT and doesn't have the skills to make IT work on a personal basis," said a spokeswoman for the institute.

"CIMA is aware that there have been other surveys which say that lots of IT projects will fail because of a lack of grey power. Everybody recognises the importance of e-business but backers are going to look at who your finance director is," she said.

The primary goal for 50% of directors questioned in the Success Beyond 2005 survey was to "capture and secure the right calibre of staff", while 17% believed speed of change was their most important future task.

Seventy three per cent of the directors questioned believed that IT had prompted change and 82% believed that these changes had increased their workload.

The survey was conducted for CIMA's Global Business Management Week initiative starting 25 September.

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