Assurance, Co-Creation, and Governance for Sustainable Value Creation - Part 2

In today's fast-paced business operational environment, organisations constantly adapt to the context to stay competitive. This requires continuous updating of their processes, policies, and systems. However, even when all processes, policies, and systems are up to date, sometimes there is a feeling that "something isn't right." Even though the "gut feeling" is not a validated management pillar, trust your instinct.

Why "Something Feels Off"? There might be underlying issues that systems haven't captured appropriately. From my experience, the disconnection between governance and management leads to confusing practices and undefined roles. It is one of the most common root causes of our challenging nights. 

The disconnection between governance and management can disrupt organisational cohesiveness and harmony. Furthermore, rapid changes in customer needs, regulations, and industry trends lead to fast-paced adoption by the organisation, and the impact of these changes has not been assessed appropriately. The latter can be magnified when teams operate in isolation and there is no overview of the complete picture.

Let's make things right: How Assurance, Co-Creation, and Governance Address These Issue

These three concepts can uncover hidden problems and restore alignment and cohesiveness, within your organisation. 

Assurance: Building Confidence: Regular assessments ensure an organisation is on track. This helps to identify gaps before they escalate into major issues, providing stability.

Co-Creation: Fostering Collaboration. Co-Creation encourages different teams to collaborate, promoting open communication and diverse ideas, which break down the silos and boost engagement. In addition, co-creation bridges cultural gaps and ensures that a collective purpose is created.

Governance: Aligning Actions with Strategy: Governance ensures that daily activities align with the organisation's goals. A proper governance framework also addresses issues raised by the "Great Divide: Governance vs. Management." Strong governance gives the organisation the necessary guidance to adjust to changes, maintain relevance and focus, and constantly define clear roles and responsibilities.

If something feels off, trust your instincts. Assurance, Co-Creation, and Governance can help uncover underlying issues and connect the dots.. By addressing these underlying issues, your organisation can overcome current challenges and establish a solid foundation for the future.