Absence of Core Proficiencies and Business Acumen in Tech Businesses

In an increasingly digital world, understanding software and product development, as well as business acumen, is paramount. However, statistics indicate that a surprising 97% of managers and even 80%+ of developers lack a comprehensive, practical understanding of these areas. This disconnect negates their ability to successfully navigate and contribute to their organisation’s goals and purpose.

Despite occupying roles that necessitate people knowledge and strategic insight, many managers remain disconnected from the fundamentals of software development, leaving them ill-equipped to support their teams positively. Similarly, a significant proportion of developers lack an in-depth understanding of the development lifecycle, from design to deployment and maintenance, resulting in inefficient workflows, dysfunctional working relationships, and subpar products.

Furthermore, a limited understanding of business fundamentals can stunt an organisation’s growth. This is because it prevents individuals from appreciating the broader commercial context of their work, thereby leading to strategies that fall short of maximizing goal attainment.

The pervasive lack of understanding in these crucial areas highlights the benefits of diligent curiosity and lifelong experimentation.