Integrated GRC Strategies in Dynamic Business Environments

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Integrated GRC Strategies in Dynamic Business Environments

ABSTRACT: –This paper describes the development and importance of integrated Governance, Risk management, and Compliance (GRC) based on theory, concept strengthening, and its relationship with many elements that inevitably change dynamically but still have to achieve organizational goals. This study provides a comprehensive analysis and bibliometrics, and also a literature review related to the concept of the importance of an integrated GRC, using the keywords governance, risk management, and compliance from articles published during 2006-2022, consisting of 20 journal publishers and 44 peer-reviewed journals, and a review of integrated GRC implementation in five companies. The findings indicated that GRC activities are important and support achieving organizational goals through appropriate strategies and performance management. One of these is related to the management control of 40 integrated GRC linkages and the effectiveness of integrated GRC implementation in five companies in Indonesia. This paper only reviews some data on the implementation of integrated GRC in organizations in a country to open up opportunities for empirical research in applying integrated GRC implementation in various types of organizations in various countries and globally. Regarding the author’s knowledge, this is the first time anyone has explained the integrated GRC from a theoretical point of view in its implementation and its relationship to many factors, as seen from research based on a longitudinal literature review of 17 years—moreover, the implementation of integrated GRC in companies.

KEYWORDS Business environment, GRC implementation, Improving performance, Integrated GRC, Management control

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