Is Compliance Killing Corporate Innovation? cover image
Regulatory Compliance

Is Compliance Killing Corporate Innovation?

Discover strategies to turn compliance into a catalyst for innovation and overcome hurdles.

Erwin De Beuckelaer
Dec 01, 2017 • 10 min read
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Intermediate
Compliance Reporting
Corporate Governance
Innovation Frameworks
Risk Management Strategies
Stakeholder Communication

Summary

This article explores the misconception that compliance stifles innovation in large corporations. It argues that compliance is not the real barrier; instead, it's the perception of compliance. The text presents seven strategies to leverage compliance as an innovation aid, such as building alliances, reframing compliance hurdles, and experimenting safely. These approaches encourage professionals to see compliance as an ally rather than an obstacle, promoting a culture of innovation and risk-taking. Engage with these insights to transform compliance into a driving force for innovation.

Takeaways

  • Building alliances with compliance and legal teams can facilitate innovation.
  • Compliance can be an ally in innovation if approached with the right mindset.
  • Experimentation allows for safe testing of compliance-related assumptions.
  • Reframing compliance challenges can reveal new opportunities for innovation.
  • Understanding and educating on acceptable risks is crucial for innovation.

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