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Business has a vocabulary all to itself and understanding it and what things truly means is important, e.g. understanding what EBITDA is and how you can directl
by davismwfl 7y ago
Business has a vocabulary all to itself and understanding it and what things truly means is important, e.g. understanding what EBITDA is and how you can directly affect it this quarter to help meet a goal. But, whether it is around accounting, contract terms, vendor management, people issues or marketing there is a unique language that keeps businesses running. I've been around CTO's in the past that would complain they felt excluded at the executive level but also readily admit they didn't understand what the CEO/CFO or other execs were really saying in meetings.
CTO's/CIO's in the past have had a hard time getting a seat at the "adult" table, being typically seen as just a tech person and not a "real" executive. The importance of CTO's is no longer in doubt but people filling the role do themselves and everyone else a huge disservice if they don't become business intelligent.
Hopefully that helps, if not let me know I'll try to elaborate more or maybe differently.