As companies continue to grow in new markets, they face a growing body of disparate, complex and often unclear regulations. But neither the public nor private sector can tackle these inconsistencies on their own. Increased collaboration - whether through partnerships or increased communication and coordination - is happening in areas such as education, infrastructure development and health care. Effective partnership models – better communication, improved coordination, and true collaboration will be key for businesses to continue to grow and change in a more interconnected world.
56% of CEOs globally think over-regulation threatens their growth prospects. So it's important that government and businesses don't work in isolation. One area where CEOs see a role for both the public and private sector is workforce development. 47% think this should be a government priority and 71% plan to increase their own investment in this area.