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Include analyzing the market in the analysis of the external environment.


CONTROL ID
12836
CONTROL TYPE
Business Processes
CLASSIFICATION
Preventive

SUPPORTING AND SUPPORTED CONTROLS



This Control directly supports the implied Control(s):
  • Analyze the external environment in which the organization operates., CC ID: 12799

There are no implementation support Controls.


SELECTED AUTHORITY DOCUMENTS COMPLIED WITH



  • Economic, environmental, human rights, and other societal challenges at local, regional, and global levels related to the organization's sectors and the geographic location of its activities and business relationships (e.g., climate change, lack of law enforcement, poverty, political conflict, water… (§ 1. Step 1. Sustainability context ¶ 1 Bullet 1, GRI 3: Material Topics 2021)
  • The types of products and services it offers and the markets it serves (i.e., the types of customers and beneficiaries targeted, and the geographic locations where products and services are offered). (§ 1. Step 1. Activities ¶ 1 Bullet 3, GRI 3: Material Topics 2021)
  • Analyze influencing factors in the external context including: - Industry forces - Market - Technology - Societal - Regulatory and legal - Geopolitical - Environmental - Third-party relationships - External opportunities and threats (as part of SWOT (OCEG GRC Capability Model, v. 3.0, L1.1 Analyze the External Context, OCEG GRC Capability Model, v 3.0)
  • legal, regulatory, natural environment, social and economic context; (§ 5 ¶ 5 Bullet 2, ISO 37000:2021, Governance of organizations — Guidance, First Edition)
  • In determining the value generation model, the governing body should understand the context in which the organization operates over time, including stakeholder expectations, regulatory frameworks, technological change, and the present and potential future natural environment, social and economic iss… (§ 6.2.3.1 ¶ 3, ISO 37000:2021, Governance of organizations — Guidance, First Edition)
  • the economic situation; (§ 4.1 ¶ 2 bullet 4, ISO 37301:2021 Compliance management systems — Requirements with guidance for use, First Edition, Edition 1)
  • the economic situation; (§ 4.1 ¶ 2 bullet 4, ISO/DIS 37301, Compliance management systems — Requirements with guidance for use, DRAFT)
  • Assess the capacity of local market to meet increased demand for medical and other essential supplies, and coordinate international request of supplies through regional and global procurement mechanisms (Pillar 8 Step 2 Action 3, COVID-19 Strategic Preparedness and Response Plan, OPERATIONAL PLANNING GUIDELINES TO SUPPORT COUNTRY PREPAREDNESS AND RESPONSE, Draft as of 12 February 2020)