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How Top Performers Manage IT Governance
In a series of research studies conducted from 1999 to 2003, Peter Weill (the director of the Center for Information Systems Research at the MIT Sloan School of Management) and Jeanne W. Ross (Principal Research Scientist at CISR) made an interesting conclusion. They studied IT governance in more than 300 multi-business units of for-profit and not-for-profit enterprises in over 20 countries and found that organizations with above average IT governance following a specific strategy had more than 20 percent higher profits than firms with poor governance following the same strategy.
In the days when regulators and company boards are especially attentive to governance--whether corporate, enterprise of IT--this is something that cannot be ignored. Regulator pressures are not the only reason that the importance of IT governance is increasing. Weill and Ross prove that effective IT governance not only ensures compliance with the overall vision and principles, but also encourage and leverage the ingenuity of all the enterprise’s people, which often results in increased profit and shareholder wealth.
In their book, IT Governance: How Top Performers Manage IT Decision Rights for Superior Results, Weill and Ross define IT governance as specifying the decision rights and accountability framework to encourage desirable behavior in using IT. Based largely upon their multi-year …
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