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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

• Develop Supply Chain Strategy
• Align Supply Chain Organization

Align Strategy

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Hierarchy

ID	Name	Level	x
GRC	Governance, Risk & Compliance	1	GRC
GRC1	Strategy Management	2	GRC1

Strategy Management Governance, Risk & Compliance 1 2 Corporate, GRC, Governance, Risk, Compliance, Strategy, Management,Process Area