02/26/2018

MBA Research Action Brief | Trend #51: Shifting Regulatory Requirements

Many businesses are moving forward in anticipation of continued deregulation

President Donald Trump is widely known for his stance on deregulation. He has delivered on his promises to relieve businesses of rules that many feel restricted growth and interrupted productivity. Last month, he held a press conference to announce that he has negated or deferred more than 1,500 planned regulatory actions since he took office. February’s Action Brief looks at the effects of deregulation on business.

While the connection between regulations and the growth of business are heavily debated, what’s clear is the buoyancy with which businesses are moving forward in anticipation of continued deregulation. This confidence is being credited with increasing investments, a rallying stock market, greater hiring and a surge of spending, especially in the manufacturing sector that has resulted in new plants, equipment and factory upgrades. In addition, energy companies have benefited heavily from Trump's reversal of environmental protections. Comcast announced that it would invest more than $50 billion in infrastructure leading up to 2022 based partly on the repeal of net neutrality rules.

As businesses are hiring more workers, they are increasing investments in technology to help make workers more efficient and to address worker shortages. Wendy’s is adding self-service kiosks at 1,000 restaurants. While the move is expected to shift employment to other areas, it is also expected to increase efficiencies and help give younger customers an ordering experience with which they are comfortable.

Please select this link to read the complete action brief from MBA Research and Curriculum, a partner in excellence with the Ohio Society of Association Executives Foundation.