This article will talk about VP R&D vs CTO. This will discuss the roles and responsibilities of each one and how they differ. So, read on to know.
VP R&D vs CTO Functions
VP R&D stands for vice president of research of development. While CTO stands for chief technology officer. So, what does each role do?
Well, a VP R&D is a person that is responsible for the company’s research and development. He is responsible for the conception and execution of the company’s R&D projects. He is also responsible for developing new technologies that will be implemented in the company’s products.
Then, the VP will oversee all the R&D activities in the company. He might also delegate some tasks to other people. This can include members of his team, or other teams outside of R&D. Further, he will also have to make sure that the projects are delivered on time and within budget.
On the other hand, the CTO or chief technology officer is a person that is responsible for all the technology in a company. He will look at how the technology is used in the company and make sure that it is used effectively to help the company reach its goals. He will recommend technology-related decisions to upper management.
Then, he may also be in charge of setting up a corporate IT strategy. Then, making sure that current IT systems are secure and efficient. As well as managing technical teams like developers and programmers.
So, the VP R&D is in charge of overseeing all the R&D activities and projects in the company. While the CTO is in charge of all technology-related activities in the company.
Then, the VP may also oversee some other functions in the company such as design, marketing, sales, and support. While it’s not common for a CTO to oversee these functions too since most companies don’t have that kind of setup.
VP R&D vs CTO Similarities
And now both roles function differently although they do have some similarities to each other such as:
1) The responsibilities of both roles are similar to each other when it comes to developing new technologies that will be implemented in products. They both need to develop new technologies and implement them into products. Also, they both need to oversee all R&D activities in their respective companies. And make sure that projects are delivered on time and within budget.
2) Both roles usually require a degree in computer sciences or engineering. But there are some exceptions here too since some companies may prefer hiring people from different fields. Such as physics or biology who have experience working with computers. Or have technical skills required for their positions.
3) Then, both roles work closely with other teams inside and outside of their respective companies. Such as marketing, sales, and other executive officers.
4) And lastly, both roles are high-level positions in their companies. So, both roles earn a hefty paycheck or salary.
So, if you are interested in becoming a VP R&D or CTO then you should check for job openings of these positions in different companies. And see if you are qualified or not.