VI. CONCLUSION AND FUTURE DIRECTIONS
In line with the demands of the industrial revolution IV, this study provides following implications for practitioners
1. Organizations who look forward to having long-term growth plan should seriously look into creating CTO position or function.
2. CTO’s role is becoming more or less at par with CEO with respect to participation in organizational strategy and his/her importance is growing. However, CEO is the ultimate authority.
3. CTO’s role is polymorphous as it changes as per the need of organization as a response to technology transition points in a business environment which is highly dynamic.
It also directs towards the new avenue of research for simplifying CTO’s dynamic job of strategic importance. We suggest one such direction as development a support system to address complexity and uncertainty in CTO’s function.
The CTO’s responsibilities and authorities were not exhaustively analyzed. The results of the present study may lack validity across sectors as only three sectors (telecom, IT services and automotive) have been considered. Sample size should also be increased to enhance the generalizability of the findings.