Digital Transformation of Westfield: Ethical and IT Governance Analysis
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This case study explores the digital transformation of Westfield and its ethical and IT governance implications. It discusses the frameworks for analysis, ethical consequences, and recommended strategies for maintaining a competitive advantage.
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Running head: WESTFIELD CASE STUDY WESTFIELD CASE STUDY Name of the Student Name of the Organization Author Note
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1WESTFIELD CASE STUDY Executive Summary Themainaimofthestudyistoresearchthecasestudyregardingthedigital transformation of Westfield by properly depicting the frameworks for the analysis that is the ethical and the IT governance. This is done by deciding upon and the utilisation of proper frameworks for analysis. All the ethical consequences of the movement to a digital firm upon diversity as well as inclusion. All the IT governance issues are considered and some technologies are utilised for achieving the inclusion during the maintenance of a competitive advantage. At the end of the report, a number of recommendations are made which have to be convinced for adoptingalltherecommendations.
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3WESTFIELD CASE STUDY Introduction After the Westfield Group has been challenged by the profound change in the behaviour of shopper which has been driven by the particular connectivity enabled by technology, it has become very much apparent that this can be a great disruption with a huge band or rather an opportunity which will be transformative for connecting the shoppers who are digital with huge number of centers for shopping which greatly improved the experience of shopping. It has been observed that by the year 2012 several Westfield Labs have been set up for leveraging the ecosystem of retail with a fully innovative mobile, social as well as opportunities for digital marketing which will be converging all the online shoppers with that of the physical world. The main aim of the study is to provide all the ethical consequences of the movement towards a digital firm on both inclusion as well as diversity. There are a number of recommendations which have been provided at the end and all such recommendations are to be well convinced by themanagementforadoptingthem.Ithasbeenobservednowadaysthatseveraldigital storefronts, collect and click hubs, networks of Wi-Fi, frictionless payment services of the parking of car, apps for mobile service of food and the web platform of mall which is searchable are all integrating retailers as well as helping all the shoppers a lot for searching what they mainly require in their local shopping center of Westfield. Framework for analysis IT governance Framework for the Enterprise IT governance will be mainly aimed at aligning with all the values, visions and all the missions of the enterprise. This will be mainly a framework which will be describing all the methods where all the ICT professionals will be able to monitor, implement
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4WESTFIELD CASE STUDY as well as manage the governance of IT within the enterprise. It mainly comprises of all the sets of practices as well as responsibilities which will be undertaken by the management of the top for providing a strategic direction and also for achieving all the objectives as well as the risk management. It will also be verifying that the enterprise is utilising all the resources of IT responsibly. Drivers of Business related to the governance of IT- It has been observed that the Westfield heavily rely upon the IT for running their operations of business and enabling a number of full new strategies and also competing in the marketplace which is fast moving. There are some sections which can elaborate such drivers of business in a much detailed way: Keeping on running the business- Nowadays, systems of IT are seen to be executing millions of several instructions in just few seconds. Hence, systems of IT are totally indispensable for Westfield in order to keep the business running. Realizing of the value of business- The organization must realize the value of business and must adopt full new strategies for making all the IT initiatives successful and for keeping all the issues which are very much potential into consideration. Increasing compliance which is regulatory- Legislation has been seen to have a much greater impact upon the business and the utilisation of IT. It has been seen that a compliance which is regulatory is a prerequisite for the organization. Accountability establishment- All the stakeholders and all of their interests must be upon the achievement of all the initiatives of the governance of IT which will be involving each and everyone in a particular group for performing their particular roles as well as responsibilities for completing their tasks successfully.
5WESTFIELD CASE STUDY Ethical Governance The ACS code of ethics is mainly responsible for describing all the principles as well as values which every members of the group must see in the particular course of their respective works (Acs.org.au. 2019). Such rules of conduct are mainly for guiding all the behaviours while acting within or on behalf of Westfield. Being member of ACS, it is very much important for upholding as well as advancing the effectiveness, dignity as well as the honour of being a specific professional. This is seen to be involving in addition towards being a good citizen as well as acting within the law. TheACS code comply with such values of ACS which involves: The public interest’s primacy-In this particular context of this Code, the interest of the public mainly takes the main precedence over all the private, sectoral as well as personal interests and any kind of conflicts are to be resolved in the interest of the public. Quality of the improvement of life-The ethical approach to the work must be helping a lot in recognizing as well as minimizing all of the effects which are adverse. Honesty-It is to be remembered that the confidence of the public in the profession is not to be broken and a specific trust is to be built among all the stakeholders. Competence-Only those work is to be accepted by an individual which he will be capable of and who will not hesitate much for obtaining an extra knowledge from all the individuals who will be suitably qualified whenever it will be advisable. Professional development-It is very much important for staying informed about all the full new technologies, standards as well as practices which will be relevant to the work. Several steps are to be undertaken for ensuring that difficult experience is conveyed in such a way that all the recipients strive for the promotion of their individual skills and taking upon extra responsibilities.
6WESTFIELD CASE STUDY Professionalism-Everyone possess with the right to be well treated with both respect as well as dignity. Discrimination is considered to be a behaviour which is considered to be totally unprofessional like a form of harassment. It also provide support for taking several proper actions involving all the irregularities which will be reporting and it is to be found that any member of the ACS code of ethics is involved in a behaviour which is totally unethical. Ethical consequences and technologies Thereareethicalconsequencesassociatedwithbusiness,whenafirmmovesits operations to a digital platform based on inclusion and diversity. The movement raises IT governance issues and therefore understanding of the type of technology required to handle the issues is of major concern. On analyzing the case of Westfield mall in Australia, who has moved its traditional services to an enhanced digital service, the idea of embracing inclusion in the business process has a high chance of inculcating humanity and sensitivity in the workforce of Westfield mall. The organizational culture and behavior plays vital role in establishing the pillars of strength for an enterprise or an organization. Behavior plays a crucial role in improving the overall customer shopping experience and satisfaction. The framework of a business process is heavily depended on the ethical code of conduct. Ethics is highly important in the business process to hire new job applicants and provide them the capability to demonstrate their acquired skills like resilience, patience, communication, empathy, self-motivation and flexibility. The abilities mentioned hold the potential to provide Westfield an added competitive edge in the market place when compared to others. Digital transformation is of primary concern, to constantly develop itself in the growing market and truly enjoy the potential of the IT tools implemented in the business process. The effective strategy to move to a digital firm, requires smart handling of the new changes occurring in the market place with proper addressing of the
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7WESTFIELD CASE STUDY connected ethical issues. If and when a firm fails to incorporate the digitalized world into their business system, there is a high chance of the organization falling prey to Digital Darwinism. Digital Darwinism greatly affects the growth and development of an organization. The Westfield mall has implemented numerous IT tools in their system to converge the digital customers to the physical shopping mall. For aligning the ethical conducts with the instances of the firm, Westfield not only focuses on the technologies but also need to make critical decision for maintain IT ethics and governance. Trust and integrity can be leveraged which would possibly transform inclusion from a program driven concept into the competency driven concept. The transformation of inclusion will surely improve customer experience and build a decent shopping ambience. Incorporation of AI and cloud services in the business model will add value to the pre- existing IT models in the organization. AI will improve the working of the business model by positively impacting customer service and delivery. Data can be easily collected from the cloud and it is one of the greatest reservoirs for data storage. IT governance is an integral part of organizational governance; therefore Westfield requires to make a thorough analysis of the objectives set by the organization and build a supportive framework with repetitive processes. This is done to support the numerous decisions which are in line with the IT investments syncing with the aims and objectives of the organization. IT governance in a firm helps ensure that the IT decision taken by the company focuses on the following facts that are as follows: Monitoring the multiple stages of IT for achieving the desired aims and schemes. Direction and evaluation of IT tools to serve and support the objectives of the organization. Usage of the various strategies of IT and the associated policies in order to achieve the purpose it solves.
8WESTFIELD CASE STUDY Aligning the set of strategies of the IT system and tools to sync with the goals of the company. Theprocessofdevelopingandeffectivegovernancemusttakeethicalissuesinto consideration which will be a significant part of the transformation process required and desired by the organisation. Westfield mall should work in accordance to the set ethics which are highly important in execution of various business processes in the company. To create a string base for the digital platform implemented in Westfield mall, management and governance play a crucial role. COBIT 5 and ISO/IEC 38500 frameworks are required to be analysed in the IT domain of the Westfield mall. The standard specifically provides the guidelines to serve the members of the governing body of the firm on the basis of effectiveness, acceptability and lastly efficient utilisation of the IT tools implemented in the organisation. The guidelines provided by ISO serve as a mean for organisations to link the concept of corporate governance.The Westfield Company should align the process of transformation to this standard and work accordance to the principles that are as follows: 1. Acquisition:In the case of IT governance, IT acquisitions are aligned to gather valid reasons which are based on the analysis provided currently along with the decision making process of the organisation. The appropriate balance in IT governance regulation lies among benefits, costs, risks and several opportunities both in the short and long term. 2.Responsibility:To properly function in the work domain, it is crucial for the employees of the organisation to clearly understand individual role in the organisation and work efficiently to increaseself-productivitywhichwillculminatetoincreasedorganisationalproductivity.
9WESTFIELD CASE STUDY Employee responsibility improves the strategic plans in regard to the IT services and the demand is addressed for the transformation to a digital platform. 3.Strategy:When an organisation is developing a strategy, it is important for the organisation to consider both the present and past market condition to develop a potential IT plan. IT capabilities of the past and present, and its incorporation in the organisation aids in satisfying the ongoing requirements in the strategy development of the business. 4.Performance:IT performanceis of crucialvalue to enhancethe productivityof the organisation. IT supports the numerous business operations in the firm by providing services which are of quality value for the execution of business processes in the organisation. 5.Conformance:Practices and policies should be clearly defined and implemented for the sake of customer satisfaction and experience.IT policies should be in accordance with the mandatory regulations and legislation in order to bring in the required transformation in the business process of the organization. Conclusion It can be concluded that there are three technological trends which involve the ubiquity of information in the form of digital, the huge spread utilisation of the networks of computer and the faster proliferation of the world wide web have profound a number of implications for the way any intellectual property has been created, accessed as well as distributed by virtually most of the sectors of the society. Similarly the rise in the digital market opportunities and the introductionofseveraldigitallyenabledinnovationshavehelpedalotingaininghuge competitive advantage in the market. It has been that while providing a proper access level to the digital intellectual property lies centrally for realizing the promise of the infrastructure of the
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10WESTFIELD CASE STUDY information. It can be noticed that while ensuring this particular proper level of access becomes a specific reality which is capable of raising a huge number of tough issues which may finally constitute the digital data. On the other hand, there are a number of benefits which will be enjoying greatly by the enterprise. Some of them will be including the reduction in the cost, consolidationoftheoperations,analytics,betterfocuswhichwillbecustomercentric, development of full new products as well as services, accurate segmentation within the market, improvementofthesilos,universalexperienceofthecustomersandincrementinboth innovation as well as agility. Recommendations Although it has been observed that all the recent trends are expressing themselves to highly varying degrees in several markets around the entire world and it is believed that they are highly relevant globally and must be taken to heart irrespective of wherever the companies of mall are operated. It is very much important for understanding some of the strategic considerations while figuring out how to react for the best. Evolution of the offering by clearly defining a clear proposition of value for both the retailers as well as the customers by directly anchoring it upon the deeper insights of the customers and several economics which will be bullet proof. Among all the larger options for the enhancement of the experience of the customers, it is highly possible for identifying all the initiatives which will be able to substantially boost the satisfaction of all the customers. Increment the production as well as the efficiency of the recent base of the mall with the help of a review mainly a strategic one of the mix of the tenant by taking into account all the needs of consumers and all the various economics of the retailers. This analysis may be
11WESTFIELD CASE STUDY helping a lot in guiding the rent pricing management and the overall planning which is commercial. The actual focus must be upon the strict management of all the costs which are both direct as well as indirect combined with the efficiency which will be highly operational and this will be critical for a successful transformations of the experience of the customers. Several teams are to be created for the customer experience which will be highly responsible for the integration as well as the creation of a unified customer initiative’s vision. Creation of few teams of retail which will be highly capable of working upon several partnerships with several retailers or rather alternatively by operating several retail operations themselves. It is to be remembered that the world of retail is altering dramatically to a great extent but still the mall may possess a central role in all the societies which are both urban as well as suburban. Thus for avoiding becoming what is called a historical anachronism which will be an aberration not at all meeting all the needs of the public, the operators of the mall of Westfield must be continuing the expansion of their respective horizons of what a mall can actually be.
12WESTFIELD CASE STUDY References Acs.org.au.(2019).[online]Availableat:https://www.acs.org.au/content/dam/acs/acs- documents/Code-of-Ethics.pdf [Accessed 6 Jun. 2019]. Acs.org.au.(2019).[online]Availableat:https://www.acs.org.au/content/dam/acs/rules-and- regulations/Code-of-Professional-Conduct_v2.1.pdf [Accessed 6 Jun. 2019].
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13WESTFIELD CASE STUDY Bibliography Al-Saggaf, Y., Burmeister, O.K. and Schwartz, M., 2017. Qualifications and ethics education: the views of ICT professionals.Australasian Journal of Information Systems,21. Burmeister, O.K., 2013. Achieving the goal of a global computing code of ethics through an international-localisation hybrid.Ethical Space,10(4), pp.25-32. Burmeister, O.K., 2017. Professional ethics in the information age.Journal of Information, Communication and Ethics in Society,15(4), pp.348-356. Ferguson, S., Thornley, C. and Gibb, F., 2016. Beyond codes of ethics: how library and information professionals navigate ethical dilemmas in a complex and dynamic information environment.International Journal of Information Management,36(4), pp.543-556. Gotterbarn, D., 2013. 13. ICT governance and what to do about the toothless tiger (s): Professionalorganisationsandcodesofethics1.ProfessionalismintheInformationand Communication Technology Industry,3, p.267. Kovac, J., 2015. Ethics in science: The unique consequences of chemistry.Accountability in research,22(6), pp.312-329. Kovac, J., 2018.The ethical chemist: Professionalism and ethics in science. Oxford University Press. McDermid, D., 2015.Ethics in ICT: an Australian perspective. Pearson Higher Education AU. Namm, J.P., Siegler, M., Brander, C., Kim, T.Y., Lowe, C. and Angelos, P., 2014. History and evolutionofsurgicalethics:JohnGregorytothetwenty-firstcentury.Worldjournalof surgery,38(7), pp.1568-1573.