Components, Governance

By wcrdadmin on Mon, 02/15/2010 - 23:13

Governance of World Class R&D takes the traditional components of any governance system and remakes them in a creative way...

4 key components of governance supporting Decision Making Authority

Hanford gives a good list of governance components for a corporate function:

Decision-making authority
Governance Principles
Governance Structure or framework
Mechanisms to enable and sustain oversight
Explicit mechanisms for sustainability of decision making authority vis-à-vis corporate

These constitute the essential components for successful R&D governance and we use them to guide our further discussions.

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The above list of components is all that will be familiar to Hanford and others who write about functional governance

Functional governance is often described in terms useful for Information Technology (IT), Finance or other functional areas that mostly take a mechanical approach to their daily activities. Governance in World Class R&D is governance of a creative endeavor. Underneath each of the components we take this creativity quite literally.

We do not get into the basics you'd expect in any governance function: clear assignment of decision authority, roles and responsibilities, etc. Visit HERE for these discussions.

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Components, Governance

Governance of World Class R&D takes the traditional components of any governance system and remakes them in a creative way...

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