The Evolving Role of Senior Executives in the Digital Age
The digital age has ushered in unexpected changes, transforming the very fabric of how organizations operate. Let’s unravel the evolving role of senior executives in
No one will pat you on the back tomorrow and say, “Good job all these years as our Technology Manager—we’re rewarding you with a promotion to chief executive officer (CEO) of the company!” Most likely, they wouldn’t even offer you the role of chief technology officer.
Why is that?
For at least one, very important reason: You haven’t proven you’re capable of—and ready for—that level of responsibility.
This is not to say that you haven’t put in a lot of time and effort to make your technology-focused function perform effectively and efficiently or that you haven’t paid attention to its importance in supporting corporate objectives.
However, simply doing a good—even excellent—job within your assigned functional area doesn’t automatically open the door for you to jump into a broader, higher-level management role. You can’t skip critical steps.
Before you can expect to make the leap from functional to general management, you need to comprehend some key differences between the two levels.
Scope:
Autonomy:
Expectations:
Regardless of the level, certain expectations have undoubtedly been established for your performance. If you’re a functional manager, those are probably benchmarked against a set of criteria for quantified/measurable results that your function must achieve.
Once you advance to a general management role, the expectations become more demanding and tougher to meet. The increased scope of your position requires attention to activities that tend to be more strategic than tactical. They could involve initiatives to increase the company’s market presence, outperform the competition, or identify opportunities to grow the company either organically or inorganically (through M&A, for example).
Let’s take a step back for a moment—not literally, but in terms of looking at the size and nature of the challenge, along with actions you need to execute:
Last, but certainly not least, you must want to capture the senior position and be willing to work for it. You need to have carefully weighed the potential upside and downside of holding such a position and be fully invested in giving it your absolute best effort once you get it.
The digital age has ushered in unexpected changes, transforming the very fabric of how organizations operate. Let’s unravel the evolving role of senior executives in
As navigators of corporate strategy, your boardroom decisions carry significant weight, shaping the trajectory of your organization. But you already know that. In this blog,