Digital transformation for family-owned companies
Family-run companies often struggle with modernization. To start, they should create a digital thesis and promote an agile board culture.
Faculty
Stephanie L. Woerner is Principal Research Scientist at the MIT Sloan School of Management and Director of MIT CISR. She is a renowned researcher and speaker, and coauthor of Future Ready: The Four Pathways to Capturing Digital Value and What's Your Digital Business Model? Six Questions to Help You Build the Next-Generation Enterprise, both published by Harvard Business Review Press.
Stephanie studies how companies use technology and data to create more effective business models as well as how they manage the associated organizational change and governance and strategy implications. She has a passion for measuring hard-to-assess digital factors and linking them to firm performance.
Stephanie’s research has appeared in such outlets as MIT Sloan Management Review, CNBC, Forbes, Chief Executive, and CIO.
Stephanie has done presentations and workshops for top management teams and boards of large global firms, been a subject matter expert for The Wall Street Journal’s CEO Council, and moderated a number of panels, including one on the future of financial services for the Federal Reserve.
Woerner, Stephanie L., Peter Weill, and Ina M. Sebastian. Boston, MA: Harvard Business Review Press, 2022.
Stephanie Woerner, Peter Reynolds, Michael Harte, and Peter Weill. MIT CISR Research Briefing XXII-8. Cambridge, MA: August 2022.
Diaz Baquero, Andrea Patricia and Stephanie L. Woerner, MIT Sloan Working Paper 6785-22. Cambridge, MA: MIT Sloan School of Management, April 2022.
Peter Weill and Stephanie Woerner. MIT CISR Research Briefing XXII-1. Cambridge, MA: January 2022.
Weill, Peter, Stephanie Woerner, and Aman M. Shah. MIT Sloan Management Review, March 3, 2021.
Peter Weill, Stephanie Woerner, and Andrea Patricia Diaz Baquero. MIT CISR Research Briefing Vol. XXI-1. Cambridge, MA: January 2021.
Family-run companies often struggle with modernization. To start, they should create a digital thesis and promote an agile board culture.
New books from MIT Sloan faculty and experts on a future-ready workforce, game theory, AI, and more.
"Future Ready” provides sharp analyses, and benchmark assessments to help understand data and embrace organizational disruptions.
Companies that are “future ready” have significantly higher financial performance, MIT CISR scientists found.
"In the digital era, how firms create and capture value has changed profoundly. But most aren't keeping up."
A group of MIT researchers has managed to narrow down all approaches and scenarios of digitally transformation to four clear-cut pathways.
In this period of digital disruption, businesses focused narrowly on value chains are at a disadvantage. Next-generation enterprises need to think more broadly about their business ecosystems, leverage digitization strategy to understand their customers better, and establish options for future success. Drawing on cutting-edge research, this course engages participants in a framework for seizing on all the above.