Your CEO Needs to be Tech-Savvy August 24, 2016Posted by Peter Varhol in Strategy.
There was a time in the not-to-distant past when the usual business journals decried the insular nature of IT, and insisted that the CIO needed more business and less tech acumen. It was always accepted that the top tech person would never become CEO, because they lacked the business background and ability.
I would argue that today the shoe is on the other foot. IT, technology in general, and technology intelligently applied to business goals are prerequisites for top company leadership.
Any CEO that doesn’t understand the technology that is essential for the enterprise remaining in business, prospering, and beating the competition is woefully unqualified for the top post. That’s all there is to it.
This was succinctly demonstrated in the recent implosion of Delta’s reservation and operations systems. A CEO that understood the vital importance of these systems would never have placed his or her enterprise in such a position.
Business academics, and business journals, you have it all wrong today. There is more than ample evidence that the CEO needs to understand what makes the business work, and that is technology.
And CEOs, take notice. You need to get up to speed on your vital technology fast. Not doing so is a prescription for disaster. And boards of directors, it is likely that the best candidate for your next CEO is your top technology person.