On the website of Jobadder we find the following definition: (Quote): "... An executive search is an employment search that is undertaken in order to find candidates to fill executive roles, or other positions of equivalent seniority.

This search is usually conducted by executive search firms on behalf of a third party company. The advantage of an executive search being performed by an executive search firm is that the firm can undertake an initial screening of the candidate and confirm if they are suitable for the role and ascertain what their remuneration expectations before putting them in touch with the company.

As executive searches target highly qualified and desirable candidates, ideal candidates are sometimes already employed and are best approached by executive search firms in order to glean information about their interest in leaving their current role for a new opportunity....".

Please visit Jobadder.com for the complete article: Executive Search - Definition

An interesting overview of the profession and more information can be found on the website of the Association of Executive Search and Leadership Consultants (AESC) which we would like to recommend: The Profession - Overview

(from the website investopedia) by author Jake Frankenfield:

What is a Chief Technology Officer?
(Quote): "... A chief technology officer (CTO) is the executive in charge of an organization's technological needs as well as its research and development (R&D). Also known as a chief technical officer, this individual examines the short- and long-term needs of an organization and utilizes capital to make investments designed to help the organization reach its objectives. The CTO usually reports directly the chief executive officer (CEO) of the firm..." (unquote).

Mr. Frankenfield further explains the role of a CTO:

(Quote): "... A chief information officer (CIO) previously performed dual roles as CIO and chief technology officer (CTO). However, as technology continues to advance, there is a growing need to separate the CIO job into two roles to ensure a company's success. The CTO has a strategic planning role, while the CIO has a technology-focused role.

A CTO is the highest technology executive position within a company and leads the technology or engineering department. He or she develops policies and procedures and uses technology to enhance products and services that focus on external customers. The CTO also develops strategies to increase revenue and performs a cost-benefit analysis and return-on-investment analysis.

Large companies with large budgets have either a CTO, CIO, or both. Many large companies need both a CTO and CIO, while smaller companies have one or the other. The choice depends on the company's vision and budget..." (unquote).

Following a paragraph about the history of this position, Mr. Frankenfield continues by listing responsibilities of a CTO:

(Quote): "... While research and development have been a component of businesses for many years, the rise of information technology (IT) and computers has increased the importance of the chief technology officer. Companies focusing on scientific and electronic products employ CTOs who are responsible for the oversight of intellectual property and have backgrounds in the industry.

But the responsibilities and role of the CTO also depend on the company. There are typically four different kinds of CTOs, whose main duties may differ:

Infrastructure
This CTO may oversee the company's data, security, maintenance and the network of a company, and may implement (but not necessarily set) the company's technical strategy. The CTO may also manage the company's technological roadmap.

Planner
This type of CTO may envision how technology will be used within the company while setting the technical strategy for the company. This CTO will also look at how to further implement new technologies within the company to ensure its success.

Consumer-focused
In this role, a CTO will act as a liaison between the customer and the business by taking on the responsibilities of customer relations, getting a grasp on the target market and helping deliver IT projects to market.

Thinker
This kind of CTO will help set up the corporate strategy and fuel technological infrastructure, and will analyze target markets, and create business models. Additionally, the CTO will have a close relationship with the CEO and other members of the company's senior management..." (unquote).

The complete article and more can be found on investopedia.com: Chief Technology Officer (CTO)

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