Regulations are growing faster than the GDP

Regulations are growing faster than the GDP. In fact, in a world of economic decline, it is the fastest growing industry. The rate of increase exceeds the capability of heavily regulated industries to integrate them into their environment; leaving these businesses and their management vulnerable to fines, censure or worse. It becomes more and more clear that ‘business as usual’ is cancelled. Old recipes don’t work anymore. The business operating system is coming to a grinding halt.

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The McKinsey 7S Framework is a management model that dates back to 1980. It is a well-known  model that is used to help identify what needs to be realigned to improve performance, or to maintain alignment (and performance) during types of change. The 7-P model has a similar function to identify and curate the essence of Governance, Risk and Compliance issues.

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