How Government Regulations Can Advance Innovation Leave a comment
In episode 23 of the Acceleration Economy Minute, Kieron Allen explains how organizations should shift their perspectives on the potential limitations of government regulations and instead consider how they can fuel innovation.
Highlights
00:17 — In his recent analysis, fellow analyst Robert Wood explored how the public sector drives innovation in the cybersecurity space. He covers how boundaries and limitations are enabling companies to innovate in order to comply with certain laws and regulations.
00:42 — Boundaries created by governments and regulators can fuel innovation in a variety of areas. This is a strategic concept that considers guidelines and limitations as opportunities for innovation rather than hurdles to overcome.
01:08 — Government guidelines are in place for stability and governance. When innovative companies support these guidelines, they can discover ways to further innovate as well as enable consumers and companies to work within the guidelines.
01:41 —Those looking for new ways to look at the limitations imposed by government regulations should consider thinking about how to make them navigable rather than avoidable. The acceleration economy requires organizations to consider how to work within certain governmental boundaries.
02:06 — When you dig into the how and why of boundaries, you can develop innovations that work with those boundaries and ensure stability, governance, and success within your organization.
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