A Chief Executive Officer (CEO) is the most senior officer who oversees the overall operations of an organization to ensure the successful management of the business. A CTO (Chief Technology Officer), on the other hand, is a senior executive whose role is to focus on an organization’s technical mission and technological requirements to help it grow externally.
In simple words, a CEO leads an organization, whereas a CTO leads the organization’s technical staff. Since both CEO and CTO bear a lot of responsibilities, the relationship between CEO and CTO is something clients and employees look forward to in any organization.
The success of an organization depends not only on the healthy relationship between the subordinates but also on the rapport that top-level executives share among themselves. The CEO and CTO of an organization are equally responsible for taking their products and services to the next level; thus, they should work in partnership to take the organization to new levels of success in the long run. Therefore, if you want your business to prosper, you should hire a CTO who understands your business thoroughly.
Importance of hiring the right CTO
In recent times, the position of CTO is the most in-demand, and also the most difficult position to fill. A perfect CEO-CTO relationship benefits an organization in the following ways :
* The culture and structure of the organization changes for better;
* All the departments start getting fruitful results;
* Customers get satisfied with the quality of products and services delivered by the organization
How to foster a healthy CEO-CTO relationship?
Understand each other’s role: The CEO and the CTO of a company should be aware of each other’s strengths. Both should genuinely respect each other’s roles, responsibilities, and capabilities.
Foster the spirit of cooperation: A CEO should understand the objectives that the CTO has to accomplish. Similarly, a CTO should be aware of the CEO’s goals, and the hindrances they need to overcome together. CTOs should not limit themselves to the technical aspects of a company, but also add value to marketing, finance, and all other aspects that the CEO handles. For example, the CEO is generally not aware of when and how to indulge with new clients, but the CTO should know how to handle this situation adeptly.
Encourage a smooth flow of communication: A CEO and his CTO should have each other’s backs. There should be no room for any communication gap between them; and even if there are any, an efficient CTO is expected to fill the gap.
Company leaders have to deal with lots of complexities for growth; that’s when a CTO and CEO should work collectively to gain multiple benefits. To avoid a panic situation, CEOs should hire CTOs who understand how the organization functions, and let the relationship between the CEO and CTO flourish. If a CTO or CEO unknowingly messes up, instead of blaming each other, they should work alongside, and take the bullet for each other when any one of them messes up.
A CTO can become one of the biggest assets of an organization, only if he/she works collaboratively with the CEO. To this end, the CEO should value the CTO’s contribution and provide them with ample opportunities and freedom to grow intellectually without second-guessing them; similarly, the CTO should work closely with the CEO to steer the organization in the right direction.