Gone are the years of simplicity in business operations. Rapid growth and change in risks, regulations, globalization, distributed operations, competitive velocity, technology, and business data encumbers organizations of all sizes. Keeping business strategy, compliance, uncertainty, complexity, and change in sync is a significant challenge for boards and executives and management professionals throughout all levels of the business.
The interconnectedness of objectives, compliance, risks, and resilience requires 360° contextual awareness of risk and resiliency. It requires holistic visibility and intelligence of risk and resiliency. Organizations need to see the intricate relationships of objectives, risks, compliance obligations, processes, and controls across the organization’s operations. The complexity of business – combined with the intricacy and interconnectedness of risk and compliance – necessitates that the organization implements a strategic approach to operational resilience.
The past few years have taught us lessons, such as . . .
[THE REST OF THIS ARTICLE CAN BE FOUND ON THE VCOMPLY BLOG WHERE GRC 20/20’S MICHAEL RASMUSSEN IS A GUEST AUTHOR]