Management teams that practice __________.
A) value-based compliance management view the cost of compliance as an expense rather than an investment
B) strategic compliance management identify and embrace operational changes in order to convert regulatory constraints into innovation opportunities
C) resource-based management see regulation compliance as a competitive advantage
D) strategic-based risk management are the most legally astute of managers

Question

Quizplus · Accepted Answer

Strategic compliance management identify and embrace operational changes in order to convert regulatory constraints into innovation opportunities. The other options reflect incorrect or incomplete views on compliance management. For example, value-based compliance management views the cost of compliance as an investment rather than an expense. Resource-based management sees regulation compliance as necessary, but not necessarily a competitive advantage, while strategic-based risk management focuses on minimizing risk rather than converting regulatory constraints into opportunities.

Management Teams That Practice __________