MyPage is a personalized page based on your interests.The page is customized to help you to find content that matters you the most.


I'm not curious

5 Success Tips For New Tech Executives

Published on 02 March 18
310
0
0

For one fresh tech executive who succeeds, there are several who fail. Just like anything in this world, success involves the right combination of things. In business, there is the right product, the right strategy, and the right timing. The tech industry is currently the go-to arena for new tech executives who want to make a mark in this world. However, it is very competitive that one needs to have extraordinary talents and abilities to stand out. A new tech executive must know what needs to be done if he hopes to stand out from the crowd. Here are five tips that will help new tech executives forge his way ahead and blaze a new successful trail for his company and his product.


Be Sure Of Your Product’s Potential And Introduce It At The Right Time

A good product is only half of the story. Timing is also very essential if it is to be accepted and supported by the market. If you will ensure that your product can develop as fast as the market, you have a goose that will lay golden eggs. In order to succeed, you must have a good product and a good marketing strategy. It is always the right combination of the two. It is just like a horse and a carriage, where one could not go anywhere without the other. If you introduce your product too early or too late in the market, your chances of success will be limited.


Don’t Rush It

New executives, especially if they are young, tend to rush things. Being young and fresh in the business, they desire to enjoy the rewards of success at the soonest possible time. However, there are no shortcuts to success in the tech industry. Time is needed before one gets to the next step. Even if a company has the most disruptive technology in the market, it still takes time for its product to be introduced, tried and accepted by the market. A good marketing strategy will help, yes, but still time is required before it is intelligently and wholeheartedly accepted by the market.


Don’t Try To Do Everything

As an executive, you have to find a very critical thing related to the success of your company and your product, and then focus on it. Don’t try to handle too many things. The same goes for carrying too many products. You will stretch yourself very thin if you will try to handle too many things at the same time. Oftentimes, you will be doing many things but not in a quality way. Perhaps you are carrying too many products but none of them are exceptional in quality. If you want to get big, you need to concentrate on your most potent talent and your potent product.


Be A People Mover

You can’t be a good CEO of any industry, let alone the tech industry if you are only good at moving products. Your company is not just composed of a litany of good products. It is composed of a whole organization of people. And you are their leader so you must align yourself with them. You are there to move people, through an effective workflow management system, to the end that your product or service will be the best in the market. In fact, a good product won’t be able to make its first step in the market, if it is not carried over the shoulders of people.


Be Careful About Your Capital

If you don’t have a multi-million dollar capital, you need to be careful in raising and spending company funds. Start-up companies are concentrated on raising capital and established businesses are focused on where to effectively spend their funds. Whether you are a CEO in the former or the latter, you have to be very careful in handling your company funds. It is very hard to convince investors that you have the right product, the right strategy, and the right timing. If they see that you are good at taking care of their investments and have a plan of growing them, your road to success is wide open.


5 Success Tips For New Tech Executives - Image 1
For one fresh tech executive who succeeds, there are several who fail. Just like anything in this world, success involves the right combination of things. In business, there is the right product, the right strategy, and the right timing. The tech industry is currently the go-to arena for new tech executives who want to make a mark in this world. However, it is very competitive that one needs to have extraordinary talents and abilities to stand out. A new tech executive must know what needs to be done if he hopes to stand out from the crowd. Here are five tips that will help new tech executives forge his way ahead and blaze a new successful trail for his company and his product.

Be Sure Of Your Product’s Potential And Introduce It At The Right Time

A good product is only half of the story. Timing is also very essential if it is to be accepted and supported by the market. If you will ensure that your product can develop as fast as the market, you have a goose that will lay golden eggs. In order to succeed, you must have a good product and a good marketing strategy. It is always the right combination of the two. It is just like a horse and a carriage, where one could not go anywhere without the other. If you introduce your product too early or too late in the market, your chances of success will be limited.

Don’t Rush It

New executives, especially if they are young, tend to rush things. Being young and fresh in the business, they desire to enjoy the rewards of success at the soonest possible time. However, there are no shortcuts to success in the tech industry. Time is needed before one gets to the next step. Even if a company has the most disruptive technology in the market, it still takes time for its product to be introduced, tried and accepted by the market. A good marketing strategy will help, yes, but still time is required before it is intelligently and wholeheartedly accepted by the market.

Don’t Try To Do Everything

As an executive, you have to find a very critical thing related to the success of your company and your product, and then focus on it. Don’t try to handle too many things. The same goes for carrying too many products. You will stretch yourself very thin if you will try to handle too many things at the same time. Oftentimes, you will be doing many things but not in a quality way. Perhaps you are carrying too many products but none of them are exceptional in quality. If you want to get big, you need to concentrate on your most potent talent and your potent product.

Be A People Mover

You can’t be a good CEO of any industry, let alone the tech industry if you are only good at moving products. Your company is not just composed of a litany of good products. It is composed of a whole organization of people. And you are their leader so you must align yourself with them. You are there to move people, through an effective workflow management system, to the end that your product or service will be the best in the market. In fact, a good product won’t be able to make its first step in the market, if it is not carried over the shoulders of people.

Be Careful About Your Capital

If you don’t have a multi-million dollar capital, you need to be careful in raising and spending company funds. Start-up companies are concentrated on raising capital and established businesses are focused on where to effectively spend their funds. Whether you are a CEO in the former or the latter, you have to be very careful in handling your company funds. It is very hard to convince investors that you have the right product, the right strategy, and the right timing. If they see that you are good at taking care of their investments and have a plan of growing them, your road to success is wide open.

5 Success Tips For New Tech Executives - Image 1

Related Posts:
Post a Comment

Please notify me the replies via email.

Important:
  • We hope the conversations that take place on MyTechLogy.com will be constructive and thought-provoking.
  • To ensure the quality of the discussion, our moderators may review/edit the comments for clarity and relevance.
  • Comments that are promotional, mean-spirited, or off-topic may be deleted per the moderators' judgment.
You may also be interested in
 
Awards & Accolades for MyTechLogy
Winner of
REDHERRING
Top 100 Asia
Finalist at SiTF Awards 2014 under the category Best Social & Community Product
Finalist at HR Vendor of the Year 2015 Awards under the category Best Learning Management System
Finalist at HR Vendor of the Year 2015 Awards under the category Best Talent Management Software
Hidden Image Url

Back to Top