Every organization produces exactly the results it is designed to produce, and none other. If we want better results, we need a better design. Our design for regulation was developed almost 100 years ago and little has changed since. That design was based on the assumption that people and organizations had to be coerced in complying. It is the design now deeply embedded into the DNA of virtually every regulatory organization.
As a result, many government regulatory organizations rely almost exclusively on the tools of enforcement (i.e., inspection, apprehension, prosecution, adjudication and remediation or incarceration) to achieve compliance. These tools are not only expensive to apply, but they exact terrible costs on those trying to comply by treating all of them as guilty until proven innocent.
The result: Lots of rules that are costly to enforce and hard to comply with, leading to inconsistent results. compliance
The NextGen regulatory agency will focus on four main things.
Results: how much difference it makes and at what cost.
Smart enforcement: using data and analytics to target their resources.
Creating a positive experience for those who must comply: responding quickly and efficiently to applications and requests and creating a two-way dialogue on how to improve.
Supporting economic growth: reduce the burden on business by eliminating inefficiencies and streamlining the process of complying.