A naukri.com initiative
Insider
1M
259
Image Credit: Insider
Chief transformation officers join the C-suite to drive innovation at speed
- Companies are appointing Chief Transformation Officers to drive changes in their operational approach.
- CTO hiring surged by more than 140% from 2019 to 2021, led by various firms.
- CTOs must understand deep strategy and its implications for the organisational structure.
- These specialist leaders are appointed to head up specific cross-functional projects and eventually integrate their work into everyday operations.
- The core figures like CEO, CFO, and COO focus on quarterly results, while CTOs are forward-looking for the future.
- A CTO's transformation efforts can never truly be complete in today's dynamic market landscape.
- Ideally, a CTO's role should be viewed as transient, lasting two to five years, and then folded into the business as usual.
- The CTO's role, when made permanent, could suggest that the company is in a constant state of flux rather than pursuing meaningful transformation.
- Gartner found that the average employee experienced 10 planned enterprise changes in 2022, and their enthusiasm for supporting enterprise change dropped significantly over the same period.
- CTOs help the organization develop a mindset of perpetual reinvention.
Read Full Article
15 Likes
For uninterrupted reading, download the app