From the 1970’ until today, the technology industry has become one of the main industries in the world. For instance, since the 1970’s, the world has been introduced to several technological breakthroughs, such as the internet, GPS, and the I-phone. These technology advancements have produced billions of dollars for companies such as Google’s search engine, Facebook’s social network, and Apple’s I-phones and I-pads.
Main Idea & Interesting Points
From experience, the former CTO of Cigna, Stephen Andriole claims that running a corporation with a technological strategy is always late, expensive, and not fully competent (Andriole, 2007, p. 68). The reason he started using business strategies is because the company’s environment was geared towards business, not technology. Therefore, technological business leaders still need to utilize the well-known business structures and methods instead of Informational technology methods.
According to Andriole (2007), “Highly effective business technology leaders develop, package, and sell business scenarios. They work with the business to profile “as is” and-especially-“business models and processes” (p.68). By doing so, business leaders track the technology trends that affects the company itself. They focus on the distinction between operational and strategic technology, technological concepts, and prototypes. In essence, the leaders are aware of the circumstances affecting their industry and the company’s environment. Business technology leaders identify and prioritize business pain, approaches to pain relief, and the creation of business pleasures. The article refers to business pain as being cost control, pain relief as being business response and control, and business pleasure as being revenue generation and profit.
Also, there are several functions of organizational leadership, such as the relationship between the chief information officer, chief executive officer, and the chief financial officer. For instance, since chief informational officers are usually the innovative leaders of the company, they should report their technological ideas to the CEO instead of the CFO. The reason being is that the CFOs main job is to keep cost down. Therefore, I believe it would be best if the CIO would report their business innovations to the CEO, and then the CEO acquire financial information from the CFO to see if the innovative project is financially feasible. Ultimately, the final decision is made by the chief executive officer since he is the one that controls the overall processes of the company.
Clearly, the technological industry has become a billion dollar industry in the world today. However, despite the technological advancements, the company still needs to emphasize the importance of familiar business models and procedures. Even though a technological company is one entity, it needs to let the technological innovators be the creative branch and the business gurus continue business strategies.
Andriole, S. (2007). The 7 Habits of Highly Effective Technology Leaders. Communications of the ACM , 50 (3), 67-72.