Today it seems that to be a successful entrepreneur in the world of technology, one needs more than just technological know-how within the context of a quality engineering background. According to a recent article written by Tim Herbert in Cio.com, having a Harvard Business School MBA is more likely to result in one become “the most effective CTO/CIO/technology leader.”
What necessitates a good CIO has dramatically changed over the last three decades, Herbert purports. Indeed, a CIO used to just have to be “technologically astute with minimum business acumen.” Today that is no longer the case. Having major business acumen, skills and understanding of the corporate world is crucial. To acquire that, an MBA from Harvard Business School is a way to go. He further expresses that for success in this technological-business based field one should familiarize themselves with the idea of generic strategies, developed by competitive business strategist, Michael Porter. Unfortunately today, many technological entrepreneurs fail to understand that and thus are not as successful as they could be.
Gaining a comprehension of Porter’s notion of generic strategies could result in a CIO in the current climate becoming much more valuable in the corporate world.
Bruce Shalett – who today leads BS Freeman Capital that he founded – graduated from Harvard Business School with an MBA in 1993. On BS Freeman’s list of portfolio companies is Smith Electric Vehicles, a company that “manufactures and markets zero-emission commercial electric vehicles that are designed to be a superior-performing alternative to traditional diesel trucks due to higher efficiency and lower total cost of ownership.” As can clearly be seen Bruce Shalett is continuing to utilize the skills he acquired at Harvard to successfully lead his firm more than two decades later.