Specific sectoral agreements

It is common practice in most business sectors to have specific sector agreements (legal, organizational, semantic) such as:

• semantic standards
• regulations
• rules of engagement
• processes
• roles and responsibilities

Local customs and specific regulations can further diversify these agreements, reflecting the unique needs of each sector.

Innovation and Differentiation

 Innovation, competitiveness, and profitability in any sector rely on differentiation, specialization, and the freedom to create new offerings. This need for flexibility and innovation is balanced by the existing common agreements maintained by sectoral bodies, such as trade organizations, which provide a foundation for consistency and cooperation.

Subsidiarity

The principle of subsidiarity emphasizes that issues should be managed at the most immediate or local level appropriate for resolving them. The BDI Framework’s governance recommendations adhere to this principle, ensuring that common agreements between entities are aligned with the market structure, legal frameworks, and local customs.

Implications

 The BDI Framework’s governance structure is polycentric and layered, mirroring existing business practices. This approach ensures that governance is both flexible and responsive, allowing for sector-specific needs while maintaining overall coherence within the framework.