The Need for a New Instrument

Abstract

As a result of developments such as globalization, the fusion of business and IT, the introduction of new technologies, novel business models, etc., enterprises are confronted with an increasing variety of options to deal with an ever faster changing environment. This results in a need for enterprises to be able to innovate and to adapt themselves quickly to these changes in the environment, and a desire to proactively exploit these developments in an attempt to create new business opportunities. This puts a major challenge on the enterprise's management to make the right decisions at the right time. To accommodate management in their decision-making and governance tasks, a new instrument is needed. This need is stressed even more by the complexities of the challenges and their consequences, as well as the diversity of stakeholders and their concerns.