What Challenges Do Leaders Face with Regulatory Changes?
Navigating regulatory changes can be challenging due to several factors:
- Complexity: Regulations can be complex and require specialized knowledge to interpret and implement correctly. - Resource Allocation: Implementing new regulations often requires significant financial and human resources. - Resistance to Change: Employees and other stakeholders may resist changes, particularly if they perceive them as disruptive or unnecessary. - Uncertainty: Regulatory landscapes can be unpredictable, making long-term planning difficult.