Businesses need a functioning regulatory framework to operate effectively. Otherwise they may face fines, restrictions on business activity or even full-blown nationalization. Regulatory Stability Is Important For Business
But many business leaders want to see less zealous efforts to cut regulation. They warn that a bonfire could lead to more problems than it solves. They want a carefully reviewed process to reform regulations, rather than a hastily implemented ‘bonfire of the EU laws’.
1. Adaptability
Adaptability is the ability to change quickly and easily to suit new circumstances. It requires a combination of cognitive, emotional and dispositional flexibility and curiosity.
Adaptable employees are often able to offer creative solutions to problems, which is another desirable trait in the workplace.
2. Agility
They have been through enough disruption and uncertainty – they need stability now more than ever.
Regulators should not introduce changes without considering the range of strategies that can limit costs or maximise benefits.
3. Adaptiveness
The definition of adaptiveness in Merriam-Webster is “changeable or able to adapt easily.” People who are flexible and willing to learn new skills are often described as adaptive.
Companies can use adaptive security architecture and methods to better protect against today’s advanced threats. It does so by scrambling keystrokes and returning screenshots to blank,
4. Innovation
Innovation is the creation of new business value, whether it’s new products or services or increased efficiency. It is important for businesses to innovate because it allows them to stay competitive and meet customer needs.
Innovation can be incremental, such as enhancing existing products, or disruptive, like changing the logic of markets. The key to innovation is combining learnings from multiple disciplines (e.g., physics and chemistry) and taking time to think creatively. Few modern workplaces offer enough time to enable such thinking.
Europe can strengthen its innovation capabilities by leveraging the triple helix model that involves connecting academia, companies, and government. This would help overcome Europe’s structural scale disadvantages and improve its ability to compete globally. A case in point is Lantmannen, a Nordic agricultural cooperative that refocused its innovation efforts and improved flat organic growth. needs read more hear
