Political market and regulatory uncertainty: Insights and implications for integrated strategy

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Ressource 1Download: BIB_5EEEFCD50F11.P001.pdf (262.37 [Ko])
State: Public
Version: Final published version
Serval ID
serval:BIB_5EEEFCD50F11
Type
Article: article from journal or magazin.
Collection
Publications
Institution
Title
Political market and regulatory uncertainty: Insights and implications for integrated strategy
Journal
Academy of Management Perspectives
Author(s)
Kingley A., Vanden Bergh R., Bonardi J.-P.
ISSN
1558-9080 (Print)
1943-4529 (Online)
Publication state
Published
Issued date
08/2012
Peer-reviewed
Oui
Volume
26
Number
3
Pages
52-67
Language
english
Abstract
Managers can craft effective integrated strategy by properly assessing regulatory uncertainty. Leveraging the existing political markets literature, we predict regulatory uncertainty from the novel interaction of demand and supply side rivalries across a range of political markets. We argue for two primary drivers of regulatory uncertainty: ideology-motivated interests opposed to the firm and a lack of competition for power among political actors supplying public policy. We align three, previously disparate dimensions of nonmarket strategy - profile level, coalition breadth, and pivotal target - to levels of regulatory uncertainty. Through this framework, we demonstrate how and when firms employ different nonmarket strategies. To illustrate variation in nonmarket strategy across levels of regulatory uncertainty, we analyze several market entry decisions of foreign firms operating in the global telecommunications sector.
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Create date
06/11/2012 20:53
Last modification date
20/08/2019 14:16
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