The physicist Fritjof Capra stated:
“The more we study the major problems of our time, the more we come to realize that they cannot be understood in isolation. They are systemic problems, which means that they are interconnected and interdependent.”
Capra was making the point that ecosystems are complex, interdependent, and require a holistic, contextual awareness of the intricacy of their interconnectedness as an integrated whole rather than a dissociated collection of systems and parts. Change in one area has cascading effects on other areas and, in all likelihood, the entire ecosystem. A small event can develop into what ends up being a significant issue. This understanding can be applied to your GRC strategy roadmap as well.
Gone are the years of simplicity in business operations. Exponential growth and change in risks, regulations, globalization, distributed operations, competitive velocity, technology, and business data encumbers organizations of all sizes. Keeping business strategy, performance, uncertainty, complexity, and change in sync is a significant challenge for boards and executives, as well as management professionals throughout all levels of the business.
The interconnectedness of objectives, risks, resiliency, and integrity require 360° contextual awareness of . . .
[THE REST OF THIS ARTICLE CAN BE FOUND ON THE RESOLVER BLOG WHERE GRC 20/20’S MICHAEL RASMUSSEN IS A GUEST AUTHOR]