Every organization is different, every innovation initiative is also unique, there’s no one size fitting all innovation practice, that makes innovation still serendipitous for many organizations.
The important characteristics of digitalization are over-complexity, uncertainty, and ambiguity. Hence, GRC (governance, risk management, and compliance) becomes more critical than ever. Here's the context; how should GRC programs be approached? Should technology be a driver? Can you achieve any level of GRC without automation? Can you achieve any level of GRC without people? What is the real driver of GRC?
Innovation Governance
Innovation Governance as a Continuum Innovation is a managed process of transforming the novel idea to achieve its business value. Innovation governance is to advocate, steer, and sustain innovation efforts to achieve business value. If innovation management is like the pedal to accelerate speed, and then innovation governance is the steering wheel to keep a straight line or take a turn at that velocity of innovation management. Innovation governance as a continuum is an important perspective to improve the innovation management success rate.
Innovation Governance Innovation is about managing novel ideas to achieve its business values. Governance is to steer, oversee, and monitor business management. Innovation and governance seem to be the opposite practice. Do individuals believe governance is essential to effective business innovation and that the two are interdependent? Or do individuals believe governance is incompatible with or even stifle innovation and leads ultimately to company failure? Innovation governance, how to get it right?
Does Governance Stifle Innovation Innovation and governance seem to be the opposite practice: Do individuals believe governance is essential to effective business innovation and that the two are interdependent? Or do individuals believe governance is incompatible with innovation and leads ultimately to company failure?
How to Evaluate the Success of GRC The purpose of the GRC is to improve business performance through the creation of value to shareholders and other stakeholders. Usually, the factors considered for evaluating or measuring the successful implementation of technology, either GRC or some other area, are always contextual and subjective, as GRC is more as a state of mind, and it’s multi-dimensional practices.
Digitizing Boardroom: Three Perspectives of Innovation Oversight and Governance Every organization is different, every innovation initiative is also unique, there’s no one size fitting all innovation practice, that makes innovation still serendipitous for many organizations. Therefore, innovation governance is an important perspective to improve the innovation management success rate. Innovation needs a level of guidance, it has to deliver business objectives, it needs the right kind of governance to thrive. Innovation governance is to advocate, steer, and sustain innovation with the following perspectives.
The “Future of CIO” Blog has reached 3 million page views with about 6600+ blog posting in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. The content richness is not for its own sake, but to convey the vision and share the wisdom. Blogging is not about writing, but about thinking; it’s not just about WHAT to say, but about WHY to say, and HOW to say it. It reflects the color and shade of your thought patterns, and it indicates the peaks and curves of your thinking waves. Unlike pure entertainment, quality and professional content takes time for digesting, contemplation and engaging, and therefore, it takes time to attract the "hungry minds" and the "deep souls." It’s the journey to amplify your voice, deepen your digital footprints, and match your way for human progression.
0 comments:
Post a Comment