What traits do organizations that are governed strategically have in common? The answer may not be as simple as it seems.
This article presents the essential elements of quality governance: the manner and process an organization uses to make decisions and take actions. Strong governance as a foundation helps an organization weather the difficult times and emerge with effective functional capacity that remains aligned to critical goals. Leadership benefits from a strong strategic framework for effective communication, resource allocation and, if necessary, the adjustment of goals and outcomes to reflect changing circumstances.
Why it Matters
- Determining organizational maturity can be a first step in implementing strategic governance.
- Four maturity levels are Operational, Improving, Innovative and Opportunistic.