Governance, Risk, and Compliance (GRC) Explained: Meaning, Benefits, Challenges & Implementation
Enterprises these days are facing a triple threat: stiffer government policies, volatile cyberspace and an extra-competitive economy. And without a well-planned strategy, it will be hard to survive all these and hit high-performance goals. Hence the need for an effective GRC strategy. Since its invention in 2003, GRC as a strategy for achieving organizational goals amidst uncertainty and with integrity, has stayed true to its primary purpose. Despite the increasing turbulence in the economy.