How to Know When it’s Necessary to Write a Policy
Does your organization know when it’s necessary to create a new policy? In our modern business environment, organizations are inundated by change, and your organization needs to ensure that its policies are kept up to date with changes throughout the business.
Organizations today are constantly experiencing shifts in risk, technology, globalization, data, and distributed operations. These pose serious challenges to organizations of all sizes and keeping this growing complexity in sync with your organization’s policy management framework is a significant obstacle. Organizations need to ensure that policies are kept up to date with:
- Business Change – When your organization experiences changes in processes, roles, technology, and mergers and acquisitions.
- Legal and Regulatory Change – When your organization experiences changes in regulations and legal requirements.
- Risk Change – When your organization experiences changes in cyber, industry practice, geo-politics, and economics.
Your organizations policies and procedures ensure a compliant, safe, efficient, and effective workplace. Policies protect your organization from a free-for-all environment and help it manage risks and remain compliant. Organizations need to ensure that their policies are sufficiently and continuously updated to ensure that organizations are able to maintain efficiency and agility in our current dynamic environment.
The Policy Management Capability Model is an effective resource to leverage policies to protect your organization. A well-documented set of policies and training helps the organization to prevent compliance violations, manage risks, and reduces management time and effort.
Featured in: Policy Management, OCEG HQ