Friday, June 9, 2023

Illustratepolicy

5:29 PM Pearl Zhu No comments

People need to do what policies say or have the policies say what they do. Policy is not static, it needs to keep evolving.

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, RI (risk intelligence) 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.

Illustrate Policy

Illustratepolicy Organizations across the industries set their own pace for leading changes, catalyzing innovations, and accelerating business transformation. Setting policies is both science and art. Insightful policymakers should have a clear vision about the future of organization or society,

Initiatepolicies Due to the high velocity and complexity of modern business, running a successful business is both art and science. There are different mindsets, business dialects, communication styles, business contexts, management practices that can shift frequently. It’s important to set the right policies to encourage desired change. People need to do what policies say or have the policies say what they do. Policy is not static, it needs to keep evolving.

Initiatealignmentofpolicy Contemporary organizations and societies set good policies to guide decision-making and actions. Effective policy management inspires positive mentality, encourages good behavior, drives better performance. Policy alignment is fundamental and multidimensional to ensure people participation, process coherence, practice effectiveness to bring up high performance results with consistency.

Innatepolicy Generally speaking, the policy is a set of principles for decision making or guidelines to drive behaviors. Policies need to serve a purpose. Top leaders are both policy makers and followers. The corporate board needs to clarify whether the organization ensures policy coherence across the portfolio; or whether the policy-making and governance are effective enough to improve multifaceted value creation of the company.

Initiatepolicy Generally speaking, the policy is a set of principles or guidelines to shape collective mindset, attitude, drive behaviors, influence culture and collective performance. The policymakers such as board directors should have abstract thinking skills, multi-dimensional intelligence, interdisciplinary knowledge & understanding, as well as empathetic communication skills to convey the accurate insight via the brief messages and improve policy-making effectiveness. How does the organization ensure policy coherence across the portfolio?