This blog post is the second in a series designed to help address the requirements of APRA Prudential Standard CPS 230. Today, we cover the "how" of integrating Risk, Supplier, and Business Continuity Management with 7 key strategies.

Strategies can no longer be set from the top and expected to be successful. They need to engage at every level and to do that, you need a Human-Centred approach.

Strategy is an often-overused word. Everyone has a strategy. Everyone is building their strategy and having strategy days to bring together the team to work out what are the key priorities and how they are going to achieve them. But before we start planning, we need to ensure that our strategy is taking us in the right direction. Is it really helping us to achieve our vision, and build the customer experiences that we have designed and tested?

Sometimes communication needs to have formal means so that we know how and when we can say the things we need to. It provides us with the channels for the things that are important and means that we don’t forget to do it. But we are not just talking about your standard operating rhythm, we are talking about embedding an operating rhythm that engages your team and helps you achieve your results.