xTech Innovation: Achieving Speed while Managing Risks
Name
2023_1101_xTechsFastandSafe_ThorogoodWoerner.pdf
Size
310.62 KB
Format
Adobe PDF
Checksum (MD5)
9357d83ae2f7377cb40f099a07e12cdb
Author(s)
Thorogood, Alan
Woerner, Stephanie L.
Date Issued
November 16, 2023
Publisher
Cambridge, Mass.: Center for Information Systems Research, Sloan School of Management, Massachusetts Institute of Technology
Citation
Thorogood, Alan and Stephanie L. Woerner. “xTech Innovation: Achieving Speed while Managing Risks.” MIT CISR Research Briefing Volume XXIII, no. 11 (November 2023). https://dspace.mit.edu/handle/1721.1/174840.
Series/Report no.
MIT CISR Research Briefing, Vol. XXIII, No. 11
Abstract
In a digital world, no organization can thrive on its own, and partnerships with xTechs offer powerful opportunities to innovate quickly, although with some risk. In this briefing, the second in a series on xTechs, we describe three mechanisms delegated decision-making, risk management, and trust that help large organizations innovate quickly while managing risks. We then illustrate how they do this with a case study of Bendigo and Adelaide Bank.
Subjects
Assessing Performance and Value
IT-Related Business Risk
Business Models
Ecosystems
Future Ready/Pathways
Partnering
Decision rights/governance
Innovation and Strategy
Terms of Use
CC BY-NC 4.0 (Attribution-NonCommercial 4.0 International)
Persistent DSpace Link
