TY - JOUR
T1 - U.S. firms' responses to regulation
T2 - Stonewalling and opportunism
AU - Marcus, Alfred A.
PY - 1987/6
Y1 - 1987/6
N2 - While regulation may not always be to business's benefit, it is likely to mean than costly requirements, increases in paperwork, decreases in innovation and the loss of business power. In responding to regulation, managers have choices. They can allow 'drift' to occur and not choose a policy. They can 'progressive' and 'lead the industry', or 'flight all the way' and 'do only what is required'. They can choose some combination of 'reaction and defence' and|or 'accomodation and proaction', or they can move from policy to policy depending on the issue, the competitive implications, the power of key participants and the other factors. Each of these responses has a unique array of advantages and disadvantages. To decide on a strategy, strategic analysis is needed. Such analysis requires: (1) attention to internal operating impacts; (2) concern for relative competitive impacts on an industry-wide basis; (3) concern for relative competitive impacts within an industry; and (4) assessment of regulatory alternatives in light of corporate goals. Attention to these concerns is necessary to refine, tailor and adjust a company's particular response to regulatory challenges.
AB - While regulation may not always be to business's benefit, it is likely to mean than costly requirements, increases in paperwork, decreases in innovation and the loss of business power. In responding to regulation, managers have choices. They can allow 'drift' to occur and not choose a policy. They can 'progressive' and 'lead the industry', or 'flight all the way' and 'do only what is required'. They can choose some combination of 'reaction and defence' and|or 'accomodation and proaction', or they can move from policy to policy depending on the issue, the competitive implications, the power of key participants and the other factors. Each of these responses has a unique array of advantages and disadvantages. To decide on a strategy, strategic analysis is needed. Such analysis requires: (1) attention to internal operating impacts; (2) concern for relative competitive impacts on an industry-wide basis; (3) concern for relative competitive impacts within an industry; and (4) assessment of regulatory alternatives in light of corporate goals. Attention to these concerns is necessary to refine, tailor and adjust a company's particular response to regulatory challenges.
UR - http://www.scopus.com/inward/record.url?scp=38249035488&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=38249035488&partnerID=8YFLogxK
U2 - 10.1016/0024-6301(87)90077-X
DO - 10.1016/0024-6301(87)90077-X
M3 - Article
AN - SCOPUS:38249035488
VL - 20
SP - 98
EP - 104
JO - Long Range Planning
JF - Long Range Planning
SN - 0024-6301
IS - 3
ER -