What type of activity is specific training on a new regulation regarded as?

Specific training on a new regulation is most appropriately categorized as value enabling. This designation highlights that while training itself may not directly produce a product or service, it empowers employees to perform their roles more effectively and comply with necessary regulations. In this context, the training equips staff with the knowledge and skills needed to meet compliance requirements, mitigate risks associated with non-compliance, and enhance overall organizational performance.

Training is a strategic investment that contributes to building a knowledgeable workforce capable of adhering to regulatory standards, thus enabling value creation in the long run. This type of activity ensures that the team is adequately prepared to navigate the complexities introduced by new regulations, thereby supporting the organization's operational goals and fostering a culture of continuous improvement.

In contrast, activities classified as non-value add do not directly contribute to the end product or service and may be seen as extraneous or redundant steps. Value-adding activities directly enhance the product or service. Waste refers to any activity that does not contribute value and ultimately detracts from efficiency and effectiveness in the organizational context.