How can you involve regulators in the process innovation strategy for Process Design?
Process design is the art and science of creating and improving the way products, services, and systems are delivered to customers. It involves identifying customer needs, mapping existing processes, designing new or improved processes, testing and implementing them, and monitoring and evaluating their performance. Process innovation is the application of new or novel methods, technologies, or practices to enhance the value, efficiency, or effectiveness of processes.
But process innovation is not without challenges. One of the most common and critical ones is the regulatory compliance. Depending on the industry, sector, or market, process designers may face various rules, standards, or guidelines that govern how they can operate, what they can offer, and how they can protect their customers, employees, and the environment. Ignoring or violating these regulations can result in legal, financial, or reputational risks for the organization.
So how can you involve regulators in the process innovation strategy for process design? Here are some tips to help you: