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How to Build Productive Relationships with Regulators

Name: How to Build Productive Relationships with Regulators
Uploaded: 2022-03-02T14:54:06+00:00
Duration: 1 min 7 s
Channel: GHION.AI
Description: In this monologue, the speaker advises professionals who aim to innovate to engage constructively with regulators and other status‑quo‑maintaining…

2 Mar 2022 · 1 min

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1:07

In this monologue, the speaker advises professionals who aim to innovate to engage constructively with regulators and other status‑quo‑maintaining stakeholders. The core message is to first appreciate and honor the work regulators have done, recognizing that they are tasked with maintaining existing systems and have many operational responsibilities. By expressing gratitude and asking how one can help them, the innovator opens a dialogue. The speaker stresses the importance of truly listening to regulators, then collaboratively brainstorming small, incremental steps that push slightly beyond their comfort zone. This approach makes regulators feel included in the innovation process, reveals any prior attempts they may have made, and can alleviate their frustration, ultimately enabling joint innovation and progress.

Chapters

You need to really— it's like, just as I was saying, follow the problem. Listen to the person in front of you. These people is optimizing for something else. They're optimizing for status quo. They're optimizing for if it's not broken, don't break it. And they also have a lot of things to keep running. So for all of us that are thinking about the future and creating the future, we can create the future because we have people today taking care of today. So if you appreciate them, if you honor them, and you're like, you know, thank you so much for what you've built, or for the regulation that you have built that enables us to be here today, how can I help you? And if you ask that question and they reply to you and you really want to honor them, you need to listen. So I would say just listen to them and brainstorm with them paths to go a couple of steps out of their comfort zone. That's a great way to have them feel part of the process, and at the same time, You might even understand that they have tried to do what you were trying to do. It's just that they got frustrated. So you have a chance to give them that breath of fresh air so they can actually innovate with you.