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Technology & Innovation Change in Regulated Industries

Technology & Innovation Change in Regulated Industries. PPA-730-1. Industry Transformation. Market Dynamics Product/Service availability Substitution or driven by: regulatory change technological change. Public Regulation. Public Safety considerations environment (EPA)

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Technology & Innovation Change in Regulated Industries

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  1. Technology & Innovation Change in Regulated Industries PPA-730-1

  2. Industry Transformation • Market Dynamics • Product/Service availability • Substitution • or driven by: • regulatory change • technological change

  3. Public Regulation • Public Safety considerations • environment (EPA) • public access (FAA) • standards enforcement (OSHA) • Control of Monopoly • public utilities (Public Utility Commissions) • communications (FCC)

  4. Public Regulation • Outcome of political and administrative processes • Competitive interaction in the nonmarket environment between firms and public institutions

  5. Industry Technological Change in Regulatory Environment • Affects standardization which affects compatibility • Compatibility • open systems > horizontal industry • closed systems > vertical industry

  6. Industry Technological Change in Regulatory Environment • Standardization • negotiated • de facto • Both have competitive market effects • Forces new market forces to adhere to industry standard > advantage: incumbent

  7. Industry Transformation • Unleashes new competitive forces • Imposes firm level transformation on current market participants • Involves a process of beginning & end • Interim period is muddled, but requires strategic moves on current participants • Public regulation can affect process of transformation

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