Strategic Planning
Predicting regulatory outcomes and planning business strategies to benefit from change are now widely considered essential elements of good business practice. Such strategic planning may involve evaluating the impact, or potential impact, of legislation on product composition, labelling or marketing. It may also require developing strategies to reduce the risk of exposure to a new regulatory framework.
This planning process involves four key steps:
- Analysis of the current regulatory environment and its impact on present business strategies
- Developing the likely scenarios for regulatory change and analysis of its impact.
- Establishing the extent to which the company can seek changes to emerging regulation, and the steps that can be taken to achieve this.
- Developing and implementing an agreed programme of action to achieve the goals established.
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HOW TO Apply the Nutrition and Health Claims Regulation
