Strategic Actions to Align Structure with Governance MBA FPX 5006 Assessment 3
Strategic Actions to Align Structure with Governance
To optimize IT governance, organizational leaders must align on strategic priorities and ensure active participation across divisions. A shared understanding of core objectives will enable cohesive decision-making. Cross-functional involvement in governance processes will break down silos and identify dependencies. Ongoing reinforcement of strategic goals through governance policies and training will sustain alignment (Azeem et al., 2021). These structured frameworks for strategy-driven governance will facilitate appropriate oversight and value creation.
Ethical Responsibility
Beyond formal governance, we must prioritize ethical responsibility in all operations. This entails considering our impacts on the environment, employees, customers, and society. As an ethical company, we must take a long-term view when evaluating risks, resources, and relationships (Rossi et al., 2021). Fair labor practices, sustainable operations, regulatory compliance, and diversity and inclusion initiatives demonstrate an ethical approach. Embedding ethical responsibility throughout our culture builds trust and integrity with stakeholders. It also reinforces our commitment to equal and transparent competition. Overall, ethical governance and corporate citizenship provide strategic and social benefits.
References
Azeem, M., Ahmed, M., Haider, S., & Sajjad, M. (2021). Expanding competitive advantage through organizational culture, knowledge sharing and organizational innovation. Technology in Society, 66(1), 101635.
https://doi.org/10.1016/j.techsoc.2021.101635
CFI. (2022, October 27). Threat of new entrants. Corporate Finance Institute.
https://corporatefinanceinstitute.com/resources/management/threat-of-new-entrants/
Dairo, M., Adekola, J., Apostolopoulos, C., & Tsaramirsis, G. (2021). Benchmarking strategic alignment of business and IT strategies: Opportunities, risks, challenges and solutions. International Journal of Information Technology, 13(6).