This is a really ignorant question and I'm pretty sure I already know the answer. But say I wanted to become a teacher at some school, specifically teaching things like "how to organize and execute the operational side of a tech product", or "managing Enterprise IT". You have to have a degree (in something) first, right? They won't just hire someone with 25 years experience and no degree to teach a class?
Whereas research universities require (or almost require) a PhD to teach undergrads (and certainly graduate students), these more professionally-oriented programs are much more flexible. They might like to see an advanced degree such as an MS or MBA, but probably would put significant value on industry experience. No bachelor's degree might be a hard sell though.