Producing Value and Protecting Value are trade-offs. You CANNOT do both at the same time. *

Producing Value and Protecting Value are trade-offs. You CANNOT do both at the same time. *
A . True
B . False

View Answer

Answer: B

Explanation:

The statement that producing value and protecting value are trade-offs and cannot be done at the same time is false. In fact, both can and should be pursued concurrently. Effective governance, risk management, and compliance (GRC) strategies integrate the production of value (achieving business objectives and growth) with the protection of value (safeguarding assets, ensuring compliance, and managing risks). This integrated approach ensures sustainable performance and long-term success. Organizations that balance both aspects can achieve principled performance by reliably achieving objectives, addressing uncertainty, and acting with integrity.

Reference: ISO 31000:2018 – Risk management C Guidelines

COSO Enterprise Risk Management C Integrating with Strategy and Performance