What is an Industry Cluster?

An Industry Cluster is a community compilation of "industry peers" whose businesses align with a particular NAICS or SIC code. We use Industry Clusters to help us to form our core GRC Sphere tribes quickly because once a Cluster has been established, the peers can then start to develop a list of strategies that they'd like to employ to help them meet their business objectives. For instance, we can decide to offer our tribe these collaborative strategies to help all of our members:
1. Provide a documented Question & Answer forum that allows any member to ask a question of the community and get an answer. By leaving a documented audit trail the tribe forms a rudimenary knowledge base.
2. Use GRC Sphere Common Controls Hub (CCH) to develop a concie list of regulatory mandates (regulations, laws and statutes) which provides traceability between the "authority document" and the list of common controls that carry out the enforcement of the business rules.
3. Develop a knowledge base of requirements that are organized into requirement sets which are associated with core business objectives and GRC-related needs. GRC Sphere provides access to a knowledge base application for this very purpose as an extended member service.
4. Develop education that addresses industry benchmarking and then develop an industry benchmarking priority list of KPI's and KRI's.
There are many other tribe-related benefits for working together as industry peers, but the most important aspect in getting started is to reach out to find industry peers and promote the fact that your Industry Cluster is in existence and looking for members to bolster the community. Time to get started!

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