WHAT DOES HARVARD BUSINESS THINK OF DIGITAL TRANSFORMATIONS?

Moving from a siloed functional organization to a matrix one, which is the primary organization model during a transformation can present a number of challenges and potential problems.

Hershey's implemented a new SAP system to manage its supply chain, but the system had numerous problems…

Here are some techniques that the board can use to ensure that value capture occurs…

The principle of unrestricted warfare can also be applied to competition between companies, particularly in the context of the digital economy.

Cyber insurance can be effective in providing financial protection for businesses in the event of a cyberattack or data breach.

Cyber insurance is a type of insurance that covers businesses and organizations against internet-based risks and threats such as data breaches, cyber-attacks, and cybercrime.

Assessing digital risk can be a tricky business. Risks can have multiple impacts on a company or initiative, and the digital landscape is constantly evolving.

In the world of corporate leadership, there's a distinct difference between doing the right thing and doing things right.

Many initiatives are presented to boards with promises of high ROI, improved competitiveness, and cost savings.

It is imperative that board directors possess a fundamental understanding of technology and its influence on strategy in order to make well-informed decisions.

In essence, these assessments seek to provide answers to two crucial questions: 1) Are individual directors equipped with the confidence and expertise to provide insightful and accurate recommendations on digital strategies, initiatives, and talent? 2) Does the company possess the necessary capabilities to compete effectively in the digital world, and if not, what are the gaps, and how can they be addressed?

The implementation of an Omni-Channel initiative can yield significant rewards, but it also carries substantial risks that can threaten a company's value and continuity.

When a company is undergoing significant change, due diligence by board directors requires assessing potential risks that could harm or slow down the transformation.

It is imperative for all board directors to possess a fundamental understanding of technology and how it affects and influences strategy.

In 2017, research conducted by Deloitte Insights found that only a small percentage of companies had board-level Technology Committees.

Innovation is at the forefront of Proctor & Gamble's business strategy, so much so that the company has established a board committee dedicated entirely to innovation.

IBoards have a vital responsibility to manage risk within a company, but to do so, they require insightful and timely information. This is particularly true when it comes to technology innovation.

Technology has become an integral part of how companies operate, and it has a significant impact on how businesses define and uphold their purpose, mission, and values.

Directors may not fully comprehend the magnitude of risk posed by a company's digital infrastructure or the impact that digital investments can have on future strategies.