It has been stated by Egon Zehnder International, the world's most prestigious executive search firm's website termed as Thought Leadership, that "Although CIOs are an emerging presence in the executive suite, few IT executives have the business qualifications or capitalist's killer instinct for making money".
It is being claimed by Chris Patrick, IT practice leader of an international force, that majority of IT executives are not capable enough and are not equipped with appropriate passion for grabbing a seat at the bigger positions.
This comes as an issue of concern as now the question arises as to what should be done to cope up with the problem.
It is a wakeup call for Australia's IT industry as it needs to take into account the fact that in next ten years more people will be leaving the industry than the number of people joining it.
The heads of major IT companies will be retiring and therefore Australia needs to focus on developing its future leaders.
This makes it important that the working CIOs will have to make sure that to executives with a technical background come up with better business skills in order to enhance the image of the business and also that the task of preparing next generation CIOs should be taken up by current CIOs.
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