Breathe in confidence, exhale doubt – This oft repeated affirmation is urged on students in yoga classes, athletes heading into competition, and others in programs for building success. Confidence is essential before taking risks of any kind.
If we don’t believe we will overcome threats presented by the risk, we freeze in place. But we also know that meaningful confidence is based on more than self-belief. It’s the knowing, not just the believing in, our capabilities that lets us take action that others may not feel comfortable taking, or allows us to push our hardest to succeed.
That’s why, in OCEG’s recent GRC Maturity Survey, we asked business executives about their level of confidence in how well they understand what affects their business, manage risk and support strategic decision-making.
What we found was that those whose organizations are taking an integrated approach to the governance, management, and assurance of performance, risk, and compliance are far more confident and are better able to ensure success. Their confidence is well-founded, and supported by information and processes that enable agility, resiliency, and flexibility needed in today’s business world. The contrast with companies that have siloed operations is stark.
The OCEG 2015 GRC Maturity Survey report is now available for free. Download a copy and use it to drive discussions and change in your own organization.