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Navigating the Digital Evolution: Uncovering Governance Challenges and Strategies for Successful Transformation
The paper dissect the challenges organizations face in the ever-evolving digital landscape, where successful transformation is hindered by shortcomings in governance practices. The article focuses on identifying common deficiencies such as unclear strategies, inadequate stakeholder engagement, ineffective risk management, and issues with technology integration. Practical steps are presented to strengthen oversight, including establishing clear objectives, enhancing stakeholder involvement, improving risk management processes, and leveraging technology effectively.
The central m of the paper is to guide organizations towards better governance practices for navigating digital transformation successfully. By emphasizing the critical role of governance in achieving success, seeks to provide practical strategies that can ensure an organization's ability to adapt and thrive in today's competitive environment.
Acknowledgment
No conflicts of interest were reported by the authors.
Notes
Forbes Leadership, “12 Reasons Your Digital Transformation Will Fl”, Block, Dr. Corrie, March 16, 2022 https:www.forbes.comsitesforbescoachescouncil2022031612-reasons-your-digital-transformation-will-fl?sh=d258dee1f1ee.
Deloitte, Digital Frontier: A technology deficit in the boardroom”, June 2022 https:www2.deloitte.comcaenpagesauditarticlesdigital-frontier-a-technology-deficit-in-the-boardroom.html.
Ibid.
PwC Governance Insights Center, “Today’s Boardroom: Confronting the Change Imperative” - PwC’s 2023 Annual Corporate Directors Survey https:www.pwc.comusenservicesgovernance-insights-centerlibraryannual-corporate-directors-survey.html.
Additional information
Author Background
Angela Byrne is a trusted advisor and consultant to boards of directors, C-Suite executives, and senior government officials with over 30 years of experience. Angela has worked closely with leading organizations undergoing change by integrating diverse viewpoints, leveraging technologies, and fostering strategic growth. She holds certifications in governance, information systems auditing, risk management assurance, and internal audit.
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This article is reproduced from: https://www.tandfonline.com/doi/full/10.1080/07366981.2024.2325010
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Digital Transformation Governance Challenges Effective Strategies for Transformation Navigating Evolving Digital Landscape Strengthening Oversight in Boards Common Deficiencies in Governance Practices Successful Adaptation to Competitive Environment