Regulatory Focus™ > News Articles > Focus Forward: Now is the Time to Embrace Change and Innovate, not Disengage

Focus Forward: Now is the Time to Embrace Change and Innovate, not Disengage

Posted 01 August 2009 | By

As I write this, global economic challenges continue to affect companies large and small. Layoffs and unemployment, corporate bankruptcies and debt are all on the rise. While the healthcare products sector is faring much better than many other areas of the global economy, it does face economic pressure and uncertainly. We have already seen companies cut back in areas such as research and development. A recent survey fielded by RAPS on the impact of the economy on regulatory professionals and their employers confirms many of these companies are engaging in belttightening measures and also helps reinforce the belief that this may, in fact, be an opportunity for regulatory professionals to expand and redefine their roles.

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