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How to make a CTO role count

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Global leaders, Industry & Capabilities Practices

Lasting change, or idea of the day? Many consumer-packaged-goods and retail companies are adding a chief transformation officer to their C-suite–but just what should this critical role entail? Ill-defined responsibilities and a narrow scope can stall out the change your CTO is charged with, or limit the potential of a company looking for holistic growth. No one wants to come up with “yet another change program” every two years, write senior partners Kevin Carmody, Kristi Weaver, partners AD Bhatia, Jim Scott, and their coauthors. There’s no one-size-fits-all, either; while most successful CTOs share a certain skills toolkit, the kind of CTO you require will be determined by your company’s unique needs. Don’t miss a new McKinsey Quarterly article that incorporates insights from nearly 40 current and former CTOs and transformation leaders across CPG and retail companies on the pitfalls they faced, where they were supported and where they weren’t, and how to get the key details right for equipping a new CTO.
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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:34 - 6 Dec 2022