Lectures Flashcards
What are five factors that dictate variations in governance paterns?
- Strategic and performance goals
- Organizational structure
- Governance experience
- Size and Diversity
- Industry and regional differences
How do leaders on asset utilization govern IT
IT duopoly for all five IT decisions in which the IT group has an important role as it interacts with all business units and can see firm-wide opportunities
How do leaders on profit gover IT
Centralized IT governance approach with IT-savvy business leaders making IT decisions on priciples, architectures and investments
how do leaders on growth govern IT
- A business monarchy typically defines the IT principles, attempting to balance operational unit ad firm-wide goals
- IT investements are typically governed by either feudal or a business monarchy
What are eight critical Governance succes factors
- transparancy
- actively designed
- infrequently redesigned
- education about IT governance
- simplicity
- an exception-handling process
- governance designed at multiple organizational levels
- aligned incentives
What is meant with the dynamic capabilities of a company
- ability to integrate build and reconfigure internal and external competences to address rapidly changing environments
- detecting opportunities and threats
- capturing opportunities
- transforming intangible and tangible assets
What are HRO’s
High-reliability organizations
Organizations that have the potential for catastrophic failure yet engage in nearly error-free performance
Key lessons about risilience from HRO’s
- preoccupation with failure
- reluctancy to simplify
- sensitivity to operations
- under-specification of structures
- commitment to resilience
What are the four elements of digital transformation
- use of technologies
- structural changes
- changes in value creation
- financial aspects
How can companies exploit digital opportunities
- assess digital maturity
- map digital opportunities
- build a fast-paced core digital team
- run pilots
- celebrate and build on succes
