Saturday, February 6, 2021

Innovate-Governance

Innovation is a mindset, and that's where governance comes in.

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?




Innovate-Governance


Innovate Holistic GRC The purpose of the GRC (governance, risk management, and compliance) is to improve business performance through the creation of value to stakeholders. GRC discipline is more crucial in today's digital dynamic. One of the problems with views in the enterprise either via management or governance lens today is that they are not holistic. The lack of GRC awareness and holism creates blind spots uncovered, and gaps unfilled.

Innovate-GRC The context for corporate governance includes a wide range of circumstances and capabilities which are subject to constant organizational variability. The purpose of the GRC (governance, risk management, and compliance) is to improve business performance through the creation of value to stakeholders. GRC discipline is more crucial in today's digital dynamic. One of the problems with views in the enterprise either via management or governance

Innovation Governance Governance, risk, and compliance are not a single process, but a continuum via a collection of cohesive processes with other governance mechanisms such as roles and technologies. 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,...

Innovation-oversight Innovation governance is to advocate, steer, and sustain innovation. 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

Innovation Governance Innovation is a mindset, and that's where governance comes in. 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..

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