This document discusses technical debt as a business problem rather than just an IT problem. It defines technical debt as shortcuts taken that make future development slower or more difficult. Taking on technical debt can speed up delivery in the short term but it must be paid back over time. The business consequences of technical debt include slower time to market for new features, lower quality, higher costs, and difficulty attracting technical talent. The document provides examples of technical debt and recommends assessing where debt most impacts business outcomes in order to prioritize where to invest in reducing it. It emphasizes that managing technical debt is an economic decision and suggests using value stream mapping to identify critical speed and quality issues to address.