Conclusion

Patrick McConnell

This book, which has examined the management of strategic technology risk, is divided into three distinct parts.

    • Part One described some of the concepts and theories of strategy, technology and strategic technology risk, and the importance of boards embedding their IT strategy into their business strategy. The chapters in this part also discussed concepts such as technology innovation, convergence and disruption.
    • Part Two described some examples and case studies of strategic technology risk, in particular some large firms that failed to properly manage their strategic IT governance, positioning, execution and operating risks.
    • Part Three described some of the challenges of the governance and regulation of strategic technology risks. To assist boards in making better strategic decisions, this part also includes a comprehensive strategic technology risk register (STRR).

In this concluding chapter, we will summarise some of the key themes that have been developed throughout the book, as they have created the conditions in which strategic technology risks emerge and how such risks must be proactively managed.

TECHNOLOGY MAKES THE WORLD A NEW PLACE

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