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Governance
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Regulators, courts and investors frequently extol the virtues of 'good corporate governance' in organisations but often fail to define exactly what that means. It's often a case of "we'll know it when we see it" or, in the case of the regulators, courts and investors, "we know what it isn't when we see it".
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Strategy
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Succurro does quite a bit of work with developing strategic plans for not-for-profit (NFP) organisations. One of the first questions we ask when starting with a new NFP is "why does this organisation exist?" The usual answer we get back from management is that it serves some essential social need. Fair enough, but is that the real reason why an organisation exists? And if the social needs addressed by each organisation are so essential, then why do so many NFPs struggle to survive or fail all together?
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Risk
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Managers often complain about the difficulties of getting employees to actually follow security and safety policies. Rules are frequently 'more observed in the breach than the observance'. It's almost like most people have no understanding of the risks involved.
However, people's understanding of the normal risks that they regularly encounter is surprisingly good. In fact they may understand the risks better than most managers!
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Governance
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When discussing the benefits of good corporate governance it is easy to point to examples like HIH, One.Tel, Westpoint and Opes Prime and say "See what happens when there is poor corporate governance". It is much more difficult however, to find examples that show the difference between good corporate governance and ordinary corporate governance.
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Strategy
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An organisation without a strategic plan is like a ship without a rudder - it is at the mercy of its environment, blown around by the prevailing winds of opinion, unable to steer away from storms of misfortune, and never really taking its stakeholders to their destination.
Strategy is best thought of as the skeleton of an organisation upon which future plans are draped. It gives the basic form and shape to an organisation, defines its basic capabilities and sets the direction it is traveling.
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