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The Conclusion provides a very brief recap of the issues discussed in the preceding chapters. It reflects on the larger context of regulatory change, and touches upon contemporary challenges of regulation such as the role of gender, race, sustainability, and future generations in the regulatory process.
Having established the theoretical and empirical foundations of organization control research, in Chapter 5, we examine key trends in the technological, demographic, socio-cultural, and organizational environments that have implications for organizational control. We outline how these trends influence the future of work within and beyond organizational boundaries, challenge taken-for-granted assumptions underlying traditional control approaches, and give rise to an increasingly challenging and contested space for organizational control in contemporary organizations.
This chapter offers an introduction to the book. It defines regulation, distinguishing it from other concepts such as governance. We define regulation as ‘intentional, organised attempts to manage or control risk or the behaviours of a different party through the exercise of authority, usually through the use of mechanisms of standard-setting, monitoring and information-gathering and behaviour modification to address a collective tension or problem’. The Introduction reflects upon the most important changes in regulation in the last two decades and the growing relevance of regulation in society. The chapter explains significant changes in the practice and context of regulation that have occurred since the first editions was published.
Chapter 8 examines regulatory rules, beginning with an examination of written rules. It underlines the inescapability of interpretive uncertainty and considers ways in which that uncertainty can be addressed, including varying the precision of rules, how they are specified, the publication of interpretive ‘guidance’ (sometimes called ‘soft law’) and the delegation of detailed standard-setting to ‘technical experts’.
Economics is a central science to the understanding of regulation. Regulatory economics focuses on economic concepts that are relevant in regulatory contexts. Chapter 1 introduces key concepts of economics and regulatory economics, referring to a branch of social sciences concerned with how society chooses to employ its scarce resources to produce goods and services. This chapter offers a brief discussion of economic concepts that have shaped regulation (e.g., monopoly, market failures). It also discusses behavioral economics, the commons, and principal-agent theory.
Technological change often prompts calls for regulation. Yet formulating regulatory policy in relation to rapidly-changing technology is complex. It requires an understanding of the politics of technology, the complexity of the innovation process, and its general impact on society. Chapter 3 introduces a variety of academic literatures across the humanities, law and the social sciences that offer insights on understanding technological change that have direct relevance to the challenges of regulating new and emerging technology. The chapter discusses different strands of scholarship, ranging from the history of technology, innovation studies and the growing field of law and technology that have until now remained largely fragmented and siloed, focusing primarily on digital technologies.
This study examines the antecedent role of organizational culture and the mediating role of digital transformation when promoting big data analytics capabilities. Employing the Competing Values Framework, we scrutinize the influence of various cultural typologies, including digital culture on the successful deployment of digital transformation and the enhancement of big data analytics capabilities. Our analysis utilizes Partial Least Squares Structural Equation Modeling on a dataset of 183 firms to evaluate our hypotheses. The findings reveal that adhocratic, digital and hierarchical cultures significantly foster big data analytics capabilities mediated by digital transformation, which is a dynamic process that needs supportive digital and innovative values. In contrast, market and clan cultures exhibit weaker linkages. By providing empirical evidence and practical implications, this study highlights how organizations with a strong adhocratic and digital cultures outperform those with traditional cultures in their digital transformation and big data analytics capabilities efforts.
Behavioral strategy has emerged as one of the most important currents in contemporary strategic management. But, what is it? Where does it come from? Why is it important? This Element provides a review of key streams in behavioral, interpreting behavioral strategy as a consistently microfoundational approach to strategy that is grounded in evidence-based insight in behaviors and interaction. We show that there is considerable room for furthering the microfoundations of behavioral strategy and point to research opportunities and methods that may realize this aim. The Element is of interest to strategy scholars in general, and to Ph.D. students in strategy research in particular.
Despite its popularity, authentic leadership remains enigmatic, with both advantages and disadvantages. The connection between authenticity (an internal process) and leadership (an external influence process) is complex. We introduce a theory that connects these processes through self-regulation, suggesting that authenticity results from managing multiple identities regulated by factors such as active self-identity. Using ironic processes theory, we propose a model that encourages leaders to focus on their active self rather than suppressing misaligned aspects. We present authenticity as a dynamic process, adaptable across individual, relational, and collective levels, with self-identity shifting contextually. This perspective offers insights into developing leader authenticity, addresses the limitations of the authentic leadership approach, and provides a roadmap for future research.
For the past decade, U.S. communications policymakers have been debating the need for net-neutrality regulation of “dominant” communications carrier platforms. One of the reasons advanced for regulating these carriers derives from a fear that carriers could reduce competition in the production and distribution of video media through their ownership of media companies, but is there any evidence supporting the notion that vertically integrated communications companies have successfully used such a strategy? This paper provides evidence from the financial markets that carrier integration into video production has not redounded to the benefit of these companies’ stockholders. In fact, this integration appears to reduce the value that investors place on such carriers, a result that suggests that the difficulties in managing a large, vertically integrated media and communications company more than offset any benefits (if any) that may derive from anticompetitive behavior induced by vertical integration.
Because nuclear power development entails massive initial investments in power plants, along with institutional innovations in regulation, law, and basic physical infrastructure, there are strong grounds to support the pervasiveness of the central state in the industry. Furthermore, considering the scale economies in reactor installation, standardization in design, and enhanced learning by doing, little scope remains for the consideration of decentralized business interests. This article argues that competition, in the sense of rivalry between firms, can nonetheless be a driving force behind the nuclear industry. To illustrate the point, we draw a comparative, eventful history of two Iberian nations, Portugal and Spain: Portugal has failed several attempts to introduce nuclear power, while Spain has become one of the largest nuclear power nations in Europe. A fine-grained analysis of the circumstances surrounding the nuclear history of both countries is presented, highlighting the key variables of business history and the role of the central state and political actors in economic policy.
The theme of the 2024 Business History Conference was “doing business in the public interest,” but what does it actually mean to “do business in the public interest?” This presidential address challenges the idea of shareholder primacy as the main purpose of business enterprises historically and examines various ways that business historians might approach the idea of businesses acting in a public interest. In particular, it analyzes instances in which corporations made a decision in the public interest without clear evidence that it would benefit their bottom line; cases where it would demonstrably hurt their bottom line to prioritize the public; corporations that made a decision allegedly in the public interest that actually turned out to be bad for the public interest; and corporations that made a decision that was bad for the public interest that also turned out to be bad for their own bottom line.