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GRC1

Strategy Management

GRC - Strategy Management
Strategy Management is a Term describing the Practice of
  • Review Strategy - Periodical (typically monthly) meeting to review strategic issues and to make adjustments to the strategy and its execution.
  • Develop strategy - The continual strategy development process, including external and internal competitive analysis, scenario planning, periodic (typically annual) executive team strategy meeting, and advising the executive team on strategic options
    • Define the Balanced Scorecard - Determine adjustments to standard metrics
    • Align the organization - Cascade metrics through the organization
  • Communicate strategy - The as-needed strategy updates (adjustments in strategy, strategic initiatives) and periodic Balanced Scorecard messaging (changes in achieved performance) into the organization
  • Manage strategic initiatives
  • Integrate strategic priorties
    • Planning and Budgeting
    • Human resource alignment
    • Knowledge management


Use Cases

Align Strategy

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Hierarchy

IDNameLevelx
GRCGovernance, Risk & Compliance1GRC
GRC1Strategy Management2GRC1
Strategy Management Governance, Risk & Compliance 1 2 Corporate, GRC, Governance, Risk, Compliance, Strategy, Management,Process Area