Post-Election Projections

I recently shared my reaction to how President-Elect Donald Trump may govern with the Philadelphia Business Journal in a post-election piece, “Greater Philadelphia business leaders react to Trump’s victory.” I said that the country can expect substantial shifts in policy “from health care to energy to financial services issues.” I added, “Everything is on the table and it creates opportunity to roll back some of the things that have been coming out of Washington that business feels are unfriendly.” I also was sure to note that while President-Elect Trump will have to learn how to work with Congress, there are also changes he can accomplish unilaterally through his executive power. “An example [of this] would be labor policy. The overtime rule that raised the standard for which employees could receive time and a half pay. That’s within the realm of the executive branch and he will have the business community in his face trying to influence him to make those type of changes and I think he will,” I explained. View the full article here.

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For many businesses, nothing seems more remote than the maneuvering of Beltway insiders. But what happens in Washington and in state and local government is critically important to your company and your industry. With government more involved in business than at any time since the 1930s, organizations that can negotiate the government labyrinth of politics, policy, and process will come out on top.
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