Chief Product Team 
Do you know the facts about the chief product technology officer? If you are interested to know more about that, this article is a great help for you.
What Is a Chief Product Technology Officer?
A chief product technology officer is a person in a company who is responsible to lead and manage the development and production of new products. He or she should also be able to manage the company’s research and development. He or she also plans the necessary changes and updates needed in the company to keep up with the market.
Several companies also hire chief product technology officers such as Google, Microsoft, Dell, Apple, and Amazon. The chief product technology officers can also be called a chief innovation officers.
What Does a Chief Product Technology Officer Do?
A chief product technology officer makes sure that there will be good products that will be sold in the market. He or she should make sure that there is an organization and structure that will be used in the market. He or she makes sure that the company is ahead of the competition by creating better and more innovative products.
A chief product technology officer designs develop and manufacture new products. He or she should be able to work with the designers and engineers to create new products. He or she should be able to keep up with the competition so that he or she can provide better products than others.
The chief product technology officers should also be able to meet the deadlines for all the products that will be released to the market. There will be also a certain schedule for the release of each product and he or she should be able to meet those deadlines. When a product is not released on time, it will affect the sales and profit of the company.
What Is the Job Description of a Chief Product Technology Officer?
There is no specific job description for the chief product technology officers because every company has different needs. However, below are also some of the common job descriptions for this position:
- Planning and also directing of research and development of new products
- Coordinates activities between marketing, sales, engineering, production, and other departments
- Directs activities to also ensure new products are developed in line with marketing objectives
- Develops long-range plans for research and development activities
- Prepares budgets for research and also development
- Reviews progress reports on research activities
- Plans ways to improve efficiency in product development
- Recommends new markets for existing products
- Reviews new materials and manufacturing techniques to be used in product development
- Meets with architects, engineers, and designers to discuss construction, characteristics, and design of new products
- Monitors competitors’ products and recommends improvements for the company’s products
- Develops new products that will have better quality, lower cost, or greater convenience to the customer
- May direct activities of engineering staff to design new products for production
What Qualifications Do You Need to Be a Chief Product Technology Officer?
There are several qualifications that you need to be the chief product technology officers. Below are some of the important qualifications:
- At least a bachelor’s degree in technology or engineering
- Should have at least 10 years experience as a manager or executive
- Experience managing a large staff
- Knowledgeable of the latest technologies on the market
- Knowledgeable of industry regulations and laws
- Should be able to speak clearly and persuasively
- Should be able to work under pressure
