In an era of severe global competition, slowing growth and short-term
expectations, chief executives tend to favor those business functions
that can show measurable impact on the bottom line. In this environmen
t, the chief technical officer must defend technology against zealous
proposals from the other business functions, in order to preserve the
long-term growth and profitability of the business. This role for the
CTO requires establishing a high degree of credibility, gained by exce
llent performance coupled with teamwork, plus the willingness and cour
age to take the right degree of risk.