The purpose of the GRC (governance, risk management, and compliance) is to improve business performance through the creation of value to shareholders and other stakeholders.
Governance Mapping and Modeling Continuum
Governance Mapping: How to Do it Right Many think corporate governance is the best part of a strategic plan that eliminates bureaucracy. Sound Governance is part of eliminating risk and doing the right thing, so it is a framework and the standards of conduct expected of the board, the company in the marketplace. The strategy is why the governance model was changed, now how does that fit into the ongoing digital strategy of the company? Do you agree that the mapping process can be the starting point to begin governance in an organization?
Adopting a Social-Technical-Ecological Perspective of Governance Models The business environment becomes hyper-connected, over-complex, uncertain, and ambiguous, digital organizations are emergent at the age of information abundance. When focusing on governance, the organizations may need to consider business architecture in managing a social-technical-ecological business view, and adopt the governance models to embrace such multidimensional perspectives.
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.
How should GRC Programs be Approached? The purpose of the GRC (governance, risk management, and compliance) is to improve business performance through the creation of value to shareholders and other stakeholders. Nowadays, businesses have to deal with the unprecedented level of uncertainty and change, hence, GRC becomes more critical than ever. Here's the context; how should GRC programs be approached? Should technology be a driver? What’re the most important GRC strategies?
What is the Driver of GRC? 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”?
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