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.

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.

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

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.

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.

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.

The value of outside directors who are well-versed in digital business models, practices, and industry best practices cannot be overstated, especially for companies that are making significant investments in digital transformation or other technology changes.