Oct 28, 2014
From the Advisory Institute
Regulatory compliance, though a necessity spearheaded by external factors, is an opportunity to transform and catapult a company to a new level of competitive advantage. Research from KPMG and Forbes Insight indicates that companies that integrate regulatory issues in the transformation framework are more likely to assess their operating models against business strategy and follow better practices regarding the processes and structuring of their transformations.
Industries that are notably affected by regulatory change in the United States are healthcare and financial services, as well as communications and energy.
In this paper from KPMG's Transformation Survey series, we outline three different approaches to reacting to regulatory change and share regulatory-based transformation experiences from American Electric Power and Cardinal Health.