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The digital transformation of business processes and the integration of IT systems leads to opportunities and risks for small and medium-sized enterprises (SMEs). Risks that can result in a lack of IT Governance, Risk and Compliance (GRC). The purpose of this paper is to present the Design and Evaluation phase of creating an artefact, to reduce these risks. With this, the Design Science Research approach based on Hevner is using. The artefact will be developed by selecting relevant existing frameworks and the identification of SME-specific competencies. The method enables IT-GRC managers to transfer or adapt the frameworks to an SME organizational structure. The results from ten interviews and further three feedback loops showed that the method can be applied in practice and that a tailoring of established frameworks can take place. Contrary to the previous basic orientation of the research, this paper focuses on the concretization of approaches.
Strategic renewal and the development of new types of innovation pose special challenges to established small and medium-sized companies. The paper at hand aims at answering the questions what the underlying mechanism of these challenges are and which approaches might help to properly counteracting them. This case study investigates the strategic renewal process and its corresponding interventions in a high-tech SME company during a four-year period. We analyse the findings in relation to existing frameworks for dynamic capabilities and strategic learning and provide new recommendations for practice and future research.
The digital transformation of business processes and the integration of IT systems leads to opportunities and risks for small and medium-sized enterprises (SMEs). Risks that can result in a lack of IT Governance, Risk and Compliance (IT-GRC). The purpose of this paper is to present the current state of the research project. With this, the Design Science Research approach based on Hevner is using. Based on the phase of Problem Identification and Objectives, this paper will deal with the development of an artefact and thus present the draft of the Design phase. The artefact will be developed by selecting relevant existing frameworks and standards and the identification of SME-specific conditions.
An IT-GRC approach in SME
(2022)
The digital transformation of business processes and the integration of IT systems leads to opportunities and risks for small and medium-sized enterprises (SMEs). Risks that can result in a lack of IT compliance. The purpose of this research-in-progress paper is to present the current state of a IT-Governance-Risk-Compliance (IT-GRC) research-project. First, the results of an already conducted literature research will be discussed, combined with qualitative interviews (expert survey) of persons close to IT compliance. In the context of this paper, a first design approach will be developed by selecting relevant existing frameworks and standards and the identification of SME-specific conditions. The first design is intended to contribute a further artefact conception of tailoring approaches and standards and the creation of a guidance.
Nowadays, there is a continuous need for many corporations to renew their business portfolio strategically in anticipation of changes in the business environment (e.g., technological change). The ongoing booming of founding international start-ups suggests that small entrepreneurial teams are an effective means to develop new businesses. Corporations should be able to benefit from this form of self-organized innovation when entering novel business domains for strategic renewal. However, corporations that establish small entrepreneurial teams (corporate ventures) are facing two obstacles. First, corporate ventures often fail for reasons that are not well explored. Second, it remains unclear how the partial successes may be improved to large successes. Although the key success factors remain ambiguous, there is little hope that corporate ventures will be successful without effective management. Since an empirical model for corporate venture management does not exists so far, the thesis formulates and answers the following problem statement: How can corporate management effectively manage corporate ventures? Building on qualitative and quantitative research methodologies, a model for effective corporate venture management is developed and tested statistically in the German IT consulting industry. The research results reveal some of the essential management principles through which corporate management can increase corporate venture success systematically.