A common symptom of working with private equity is that the people you start the journey with are not the same as you end with. Most CTO’s will get their key leadership team post-acquisition and tell them:
- PE partners will have ‘some’ involvement going forward
- Expect ‘some’ changes in people, strategy and velocity.
- Don’t worry!
With 10% of key employees leaving during the first 12 months, how do you keep teams motivated and engaged? Great CTOs will give consistently give clear strategic direction to their technology leadership teams.
10 things great CTOs need to make clear to their technology teams
- What the vision is
- Why we are doing it
- Your role in all this
- How long we have
- How PE will be involved
- When PE will be involved
- How we will measure success
- The rewards for success
- The cascading messages
- How often we will review progress
Great CTO’s won’t treat this as a once and done exercise, they will make a regular commitment to their teams to continually assess and reiterate this vision.
Great Leaders understand the importance of bringing their team on the journey, making sure everyone knows their place in the new world.
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Thanks to Clare Eagle for the discussion that led to this unconsidered need!
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