How to develop an Innovation Culture
Innovation is driven by someone vision of how THEIR world could be and the drive to come up a solution. Essentially, this means it must come from operational personnel.
Review and Improvement cover risk based auditing, continuous improvement and innovation. It is the Compliance management component of GRC. The key need is to link activities back to risk and regulatory frameworks.
Continuous Improvement can be better served by Realization, Optimizartion and Innovation.
PDCA is NOT Best Practice
There is a gaggle of Management Consultants pushing the 20th century mantra of Good Management Practice as a panacea to all the ill of today’s business environment. The key plank in most of these methodologies is that old chestnut “the PDCA cycle” for Continuous Improvement. If your consultant wears this as a badge, run a mile!