Developing a business supporting governance structure and balancing compliance, operations and strategy is a challenge in the present business and regulatory environment. Increased demand for compliance has a tendency to push the business agenda from strategic positioning dialogue into operational efficiency mode.
Improving governance requires outward looking competencies and capabilities to monitor the compass of change, the borderlines of business, the competitor’s next move and to select the best, potentially profitable innovations.
Creating a progressive and balanced governance culture is necessary to lead the development of new markets and at best being the first second mover – timing is important to reap the optimal benefits of new business. SPC promotes an early slow start and a readiness to fast execution to reap profitable innovations.