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A Barbell Strategy-oriented Regulatory Framework and Compliance Management
Publication Type:
Conference/Workshop Paper
Venue:
29th European & Asian System, Software & Service Process Improvement & Innovation
DOI:
10.1007/978-3-030-56441-4_52
Abstract
As we are witnessing nowadays with self-driving vehicles and
robots performing collaborative tasks, and as it has been witnessed in
the past, a disruptive technological innovation may cause a regulatory
disruption. As a consequence, established regulatory frameworks need to
evolve and, in this evolution process, regulatory excellence is paramount
for guaranteeing appropriate risk taking, enabling innovators to innovate
while efficiently complying to proportionate regulatory frameworks.
In risk management theory, or better, in risk taking theory, Taleb has
proposed the Barbell strategy, characterised by maximal certainty/ low
risk on one extreme of the barbell, and maximal uncertainty on the
other extreme, as a means for developing anti-fragility, i.e., ability to
gain from disorder. In this paper, we propose our vision consisting of
a Barbell strategy-oriented regulatory framework and compliance management,
where regulators and manufacturers/innovators, both, adopt a
Barbell strategy for reaching an optimal solution in regulatory making,
the former, and compliance management, the latter. Finally, conclusion
and perspectives for future work are also drawn.
Bibtex
@inproceedings{Gallina5822,
author = {Barbara Gallina},
title = {A Barbell Strategy-oriented Regulatory Framework and Compliance Management},
month = {September},
year = {2020},
booktitle = {29th European {\&} Asian System, Software {\&} Service Process Improvement {\&} Innovation},
url = {http://www.es.mdu.se/publications/5822-}
}