Successful execution of product strategy depends on how good it is aligned with the technology.

The success of organization heavily depends on how close the product strategy is aligned with the tech strategy. Following are few steps a CEO should expect from its CTO to ensure both tech and product strategies are aligned for a successful execution.

• A good tech strategy clearly links tech initiatives to business goals.
• Tech leadership should provide a concise way for stakeholders to digest how tech initiatives are supporting the organization. There should be a communication plan.
• A well-crafted tech strategy is critical to enhancing business stakeholder satisfaction and building relationships with business stakeholder.
• Tech strategy should be driven based on the business context.
• There should be prioritization matrix to help make project decisions in a holistic manner that allows for the selection of the most valuable initiatives to become part of the tech strategic roadmap.
• Focus should be on innovation and creativity only on what creates sustainable competitive advantage.
• The tech leadership should achieve operational agility and excellence through the adoption of best practices, simplification, and standardization.
• There should be focus on workplace culture where people want to be, not have to be.