A planning and decision-making technique used to evaluate the possible advantages and disadvantages of initiatives that are being considered for implementation.
Multinational executives increasingly operate in a world of rapidly-changing policy environments, whether their concern is sanctions against Russia, new protectionist policies coming out of the Modi administration in India, or local IP regulation for pharmaceuticals.
Not only does the landscape change, it often changes quickly, and local laws and their implications can be extremely difficult to understand and interpret.
While every multinational will have in-house legal counsel, lawyers are not necessarily specifically skilled or able to interpret concrete operational impacts of legislation. This can make it difficult for multinational executives to work out the impacts of certain policies, even if they have a high-quality legal team.
Our skilled team of experts will create a profile of the local policy of interest or concern, breaking it down for a non-legal audience. We document the specifics of a selected local policy clearly, concisely, and without technical jargon.
If the policy is evolving, we will draw on our resources and expertise to create an upside, downside, and base case scenario to help our clients understand the most likely and most impactful outcomes.
Our team will document the potential impacts of the policy to selected parts of the client’s business, including local operations, finance, strategy, HR, customers, pricing, and competitors.
What is Policy Impact Assessment?
Multinational executives, responsible for local operations or performance, can utilise this service to assess the probable impact of a policy on their organisation’s ability to continue business as usual.
In addition to helping our clients determine the potential effectiveness of a policy that is being considered, we can help answer questions regarding policy creation and assist in determining the most effective course of action.