Friday, October 21, 2022

Initiategrcinquiries

6:20 PM Pearl Zhu No comments

The flavor of GRC practices depends on the nature of the business and the level of the organizational maturity.

Due to the “VUCA” characteristics -Complexity, Uncertainty, Ambiguity, and Velocity of the Digital Era, the directorship in any organization must have the agility to adapt to changes and build abilities to advise, inspire and motivate a group of people toward accomplishing shared visions and goals.

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? Modern corporate boards play significant roles in guiding businesses in the right direction and achieve expected business results. Here are the multiple perspectives of shaping a strategic boardroom with digital acumen.

Initiate GRC Inquiries

Initiategovernanceinquiries Any company today has threats from everywhere. Uncertainties and complexity are a common occurrence in any walk of the progress in human society; be it social, organizational or professional. Governance is a complex process that if well executed at the different levels of organizational hierarchy, will lead to decision coherence and business effectiveness.

InitiativeGovernanceInquiries Governance is about doing the right things, more specifically, it’s about enforcing decision effectiveness, and getting the people, culture, accountability, and performance right. In the simplest terms, governance is who you are and how you do it. Given many organizations don't view governance as "decision-making optimization," or “accountability enforcement,” their governance efforts usually devolve into time-consuming, costly, bureaucratic constructs. Here is a set of inquiries to assess organizational governance maturity, as effective governance leads to effective management practices and reaches a high level of organizational maturity.

InquisitiveBoard Due to the “VUCA” characteristics of business dynamic, overloading information, and continuous disruptions as the new normal of business expansion, corporate boards should leverage multidimensional lenses to provide an “outside-in” view of the organization and steer the business in the right direction.

Inquisitive Leadership The business and world become over-complex and hyper-dynamic, how can leaders become more comfortable and confident in asking questions rather than giving answers. As in many instances, there is a perception that leaders should be the most experienced people and thus, have all of the answers. That’s a fallacy. Confidence comes from being comfortable in your role as a leader, value collective wisdom, not only provide answers but facilitate solutions. Should inquisitive leadership become a trend in the Digital Era?

Inquisitive IT Leaders & ProfessionalsAlthough almost all serious digital professionals today understand the importance of asking the right question, it takes both courage and humility for leaders to ask questions, rather than providing the answers; and it takes both insight and wisdom to ask the right questions; many times, you have to break down the status quo and break through the conventional wisdom, to keep informative and inquisitive, always to challenge and ensure that the question itself is corrected before answering…