Successful execution of product strategy depends on how good it is aligned with the technology.
Updated: Nov 24, 2022
The organization's success heavily depends on how close the product strategy is aligned with the tech strategy. Following are a few steps a CEO should expect from its CTO to ensure both tech and product strategies are aligned for successful execution.
A good tech strategy links tech initiatives to business goals.
Technology leadership should provide a concise way for stakeholders to digest how tech initiatives support the organization. There should be a communication plan.
A well-crafted tech strategy is critical to enhancing business stakeholder satisfaction and building relationships with business stakeholders.
Technology strategy should be driven based on the business context.
There should be a prioritization matrix to help make project decisions in a holistic manner that allows for selecting the most valuable initiatives to become part of the tech strategic roadmap.
The focus should be on innovation and creativity, only on what creates sustainable competitive advantage.
The technology leadership should achieve operational agility and excellence by adopting best practices, simplification, and standardization.
There should be a focus on workplace culture where people want to be, not have to be.
The ideas mentioned above are meant as information to ease your organizational processes. However, if you would like a more detailed overview, do not hesitate to reach out to me at rizwan.khan@mac.com.
I have years of experience building Technology and providing Technology Due Diligence as a CTO, and I am available for fruitful discussions.