Public Policy & Regulatory Reform
Business Transformation and the Regulatory Environment
The current dynamic regulatory environment is a very important trigger of transformation. Depending on the industry sector, the regulatory environment can be a partial or dominant trigger for transformation. 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. In this paper, we outline three different approaches that companies currently employ, depending on the industry, the regulations and/or the companies’ approaches to incorporating them.