Transforming your Policies and Procedures into a Powerful Business Improvement System

Too bad it often takes a crisis such as a failed project or regulatory sanction to remind organizations how important it is to have clear policies, procedures, and controls in place. CEOs, Managers — even Boards of Directors — are re-evaluating the roles policies and procedures play in their organizations. Clear P&Ps enable managers to set boundaries and direction so that everyone can make better decisions. Companies that integrate their P&Ps into everyday life are realizing lower compliance costs, reduced risk and a more empowered workforce. In this article, we will share proven strategies that “successful” companies like Colonial Bank, Affinity Federal Credit Union, The Exchange Bank have followed to create efficiencies and improve their businesses. Hopefully, this information will provoke your thinking and present possibilities you may not have considered.