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Strategy Management Governance, Risk & Compliance 1 2 Corporate, GRC, Governance, Risk, Compliance, Strategy, Management,Process Area
GRC1
Difference between revisions of "GRC1"
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[[File:GRC1.png|thumb|GRC - {{this}}]]{{this}} is a [[Term]] describing the [[Practice]] of | [[File:GRC1.png|thumb|GRC - {{this}}]]{{this}} is a [[Term]] describing the [[Practice]] of | ||
| − | * Review Strategy - | + | * Review Strategy - Periodical (typically monthly) meeting to review strategic issues and to make adjustments to the strategy and its execution. |
| − | * Develop strategy - | + | * 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 [[t:BSC]] - Determine adjustments to standard metrics | ** Define the [[t:BSC]] - Determine adjustments to standard metrics | ||
** Align the organization - Cascade metrics through the organization | ** Align the organization - Cascade metrics through the organization | ||
| − | * Communicate strategy | + | * Communicate strategy - The as-needed strategy updates (adjustments in strategy, strategic initiatives) and periodic [[t:BSC]] messaging (changes in achieved performance) into the organization |
* Manage strategic initiatives | * Manage strategic initiatives | ||
* Integrate strategic priorties | * Integrate strategic priorties | ||
Revision as of 13:30, 28 September 2020
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
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