4 capabilities of a real-time business
When enterprises address opportunities or threats immediately, they perform better. A new research briefing looks at the traits such companies share.
Faculty
Peter Weill is a world-renowned strategic thinker, acclaimed author, and effervescent speaker who inspires and captivates top executives and boards—from Microsoft, SAP and IBM to Schneider Electric, ANZ Bank and QBE—with evidence-based insights on how to thrive in the digital era and create exceptional enterprise value. Peter is a faculty member of the MIT Sloan School of Management serving as Senior Research Scientist and Chairman at the MIT Center for Information Systems Research (CISR). He is also a Senior Advisor to Insight Partners, the largest venture capital firm investing in software companies.
What differentiates Peter is his forward-thinking and approach to research, which is grounded in rigorous statistical methods, data, and empirical evidence from working directly with digital leaders, executives, and boards to develop insights. His work explores future trends, such as digital business models, pathways to future ready, real-time business, IT investment portfolios and AI maturity models, to help organizations maintain a competitive edge. Peter passionately brings his research to life, vividly illustrating what top-performing companies do differently through motivating case studies.
Peter has delivered thousands of impactful keynotes, presentations and interactive workshops to Boards and Executive Committees, including co-designing and presenting at the Microsoft CEO Summit hosted by Bill Gates and Satya Nadella for 12 years. He is the author of 10 award-winning and best-selling business books, 100+ MIT CISR research briefings, and dozens of thought-provoking podcasts and articles featured in Harvard Business Review, CNBC, Directors & Boards, Forbes, Diligent’s Inside America’s Boardrooms, MIT Sloan Management Review, The European Business Review, and The Wall Street Journal.
Peter has also received numerous awards over the years, including Thinkers50 recognition for his distinguished achievement in management thinking, ISACA Chair’s Award, ISACA Global Achievement Award for his longstanding contributions and exceptional impact on the business technology profession, the MIT Sloan “Excellence in Teaching Award,” the Case Centre Award for best Case Study, “Rewiring the Enterprise for Digital Innovation: The Case of DBS Bank”, the International Center for Information Technologies award for the best doctoral thesis globally in Information Systems, and by Ziff Davis as one of the most influential people in IT and the highest ranked academic.
Before joining MIT, Peter was Professor and Foundation Chair of Management in Information Systems and a member of the Board of Directors at the Melbourne Business School at the University of Melbourne. Peter earned a BE Industrial Engineering (Hons), MBA with Distinction from University of Melbourne, and MPhil and PhD from the Stern School of Business at New York University.
Featured Publication
Future Ready: The Four Pathways to Capturing Digital Value.Woerner, Stephanie, 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.
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.
Weill, Peter, Thomas Apel, Stephanie Woerner, and Jennifer S. Banner. MIT Sloan Management Review, March 12, 2019.
When enterprises address opportunities or threats immediately, they perform better. A new research briefing looks at the traits such companies share.
The MIT Center for Information Systems Research (CISR) has published a new report identifying four capabilities that companies described as “real-time” businesses.
"We don't have time anymore, up and down the organizational hierarchy, to get approval. We have to make decisions in real time."
"We found that a company must perform organisational surgery, often reorganising many times to create [new digital value]."
Addressing the challenges of businesses transformation, "Future Ready" serves as a transformation playbook.
"Transforming a company to succeed in the digital economy requires a vision and a playbook to help leaders deliver on that vision."
The Global CEO Program has been run since 2011 by IESE Business School in partnership with other leading business schools from around the world. Starting with this 2023–2024 edition, the program will be offered as a powerful alliance between IESE and the MIT Sloan School of Management, two of the world’s most renowned institutions of higher learning for global business executives. The Global CEO Program includes three one-week residential modules on three continents: North America, Asia and Europe.
Recent MIT research shows that having board members with digital savvy is the new financial performance differentiator. This new course combines a two-day live online program with self-paced online learning components to help individuals and small teams—leaders and board members of large enterprises—increase their digital savviness and have more productive discussions around the opportunities and threats of the digital economy.