13 days ago

xTech Innovation: Achieving Speed while Managing Risks

Link: https://cisr.mit.edu/publication/2023_1101_xTechsFastandSafe_ThorogoodWoerner_Audio


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.

Publication date:

Publication type: Audio

Publication authors:
Alan Thorogood
Stephanie L. Woerner