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Virtual Heterarchy: Information Governance Model
Abstract
The rapid development of information communication technology (ICT) encourages companies to compete. However, those competitive development goals should enable people to satisfy their own needs and enjoy a better quality of work and life without compromising the quality of life of other people and future generations. Corporate governance models are needed to concentrate on changes of existing rules, customs, practices and rights as the subject matter of governance to be influenced. Governance models must recognize the limitations of the overburdened state and the consequent need to take advantage of existing institutions and structures that promote sustainability. An increasing number of companies are moving into new forms of competition which can be described as information-based competition, knowledge-based competition, technology–based competition and ICT relationship-based competition. However, unlimited supply of information from Internet and other sources, easiness to register and transfer the information, reduced prices of ICT devices result in increase of information processing and its overload. Therefore, information governance model proposed in the chapter seems to be a pattern to deal with information in contemporary common organizations i.e. virtual heterarchical organizations where access to information is democratically permitted. The proposed model is to be an answer to ensure sustainable governance of information i.e. balance, stability and progress of information processing.
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