The past three decades marked the age of information and technology. During this period we saw companies such as Microsoft, Google, Amazon, eBay, Facebook, Instagram, list can go on, rise to success. Coincidentally, these successful companies had even more successful CEOs who shared the deep understanding of technology and upon which they built their enterprises. Leaders like Bill Gates, Mark Zuckerberg or Steve Jobs can be considered visionaries responsible why information systems have come to where they are today. Their success was based on strong leadership and exceptional visions paired with tech savvy skills, which now lead both, tech and non-tech driven companies. I believe that this skillset is necessary for any leader; however, tech Savvy CEOs are rare among fortune 500 companies, since most leadership positions are taken by older gentlemen in expensive suits flashing their MBA’s.
In my opinion, tech-savvy founders are able to better picture of what lies ahead for the company. Their understanding of information technology empowers them to better identify possibilities and opportunities as opposed to someone without that experience, because they wouldn’t be able to properly guide and execute company goals. Tech-savvy leaders/CEOs have the upper hand and can quickly analyze and adapt emerging technologies to shape their company’s strategic visions. I believe that this type of leadership helps organization to be more effective and competitive.
It comes as no surprise to me when I hear that young CEOs are outperforming older ones as we are heading into the digital age, where everything can be accessed from your mobile device in your pocket and get connected to anyone, anytime, anywhere in a split second. Modern industry requires heavy IT skillset and leaders/CEOs that lack the background or cannot keep up with the advancements may set themselves up for a failure when it comes to critical decision making that could affect the future of the company. Without the necessary background, for example, it can become difficult to keep up with the constant changes of technology; leaders must learn to keep up with ever evolving platforms, software applications, and programming languages to excel their competitive environment.
Do you think that strong tech background is needed to be a successful leader/CEO? Are there ways for leaders to compensate for the lack of knowledge in information technology?
Sources: