Governance and Corporate Management System Supported by Innovation, Technology, and Digital Transformation as a Driver of Change

Abstract

Governance and Corporate Management Systems have become key tools for the comprehensive management of organizations, which, when implemented, guarantee corporate success, which can materialize in obtaining corporate goals, strategic objectives, KPIs, and KRP. This paper is the product of research exercises where a Governance and Corporate Management System is exposed, supported by three main pillars: Technology Management, Innovation Management, and Digital Transformation, which we will call GCMS+ from now on. The work developed is based on a quasi-experimental longitudinal research methodology, in which three key phases are addressed; the first phase corresponds to the systematic review of the literature, which allows the identification of the key components of the proposed GCMS+ system. The second phase of the methodology focused on the modelling of the GCMS+ system, which visually and descriptively describes the structural components, flows, and control mechanisms. The third phase of the methodology focuses on the validation of the GCMS+ system proposed from the discussed literature and contrasting the position of the authors, which is identified through a conceptual discussion. In this case, it seeks to validate the structural elements of GCMS+, the constraints, adoption of good practices, integration of standards, adoption of principles, integration of drivers, strategic taxonomy, organizational structures, governance and management approach, as well as methodologies, roles, initiatives, metrics, and indicators.

The impact of digital transformation on firm performance

“…At present, although many scholars worldwide have conducted relevant research on DT, the theoretical community has not yet reached a consensus (Lee and Park，2023Lee and Park，2023) and some believe that the essence of DT lies in the use of modern digital technology to transform the social economy, business models, and management models, as well as to integrate technology into social production and change social relations. Guerrero-Avendaño et al. (2023) believes that DT involves the use of new digital technology as a tool for firms aiming to change many elements, such as management model upgrading and business model reconstruction, as well as helping firms to penetrate the internal and external industrial value chain in order to achieve a more open digital ecosystem.…”