Shaping nascent industries: Innovation strategy and regulatory uncertainty in personal genomics (Record no. 522287)

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Personal name Gao, Cheng and McDonald, Rory
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Title Shaping nascent industries: Innovation strategy and regulatory uncertainty in personal genomics
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc Administrative Science Quarterly
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Extent 67(4), Dec, 2022: p.915-967
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Summary, etc In nascent industries―whose new technologies are often poorly understood by regulators―contending with regulatory uncertainty can be crucial to organizational survival and growth. Prior research on nonmarket strategy has largely focused on established firms in mature industries, but such strategies are apt to differ for new ventures, which generally have limited resources and market power and operate in novel domains in which the rules of the game are underdeveloped. How do new ventures navigate regulatory uncertainty? To explore this question, we conduct an inductive, multi-case research study of five ventures that pioneered the nascent personal-genomics industry. Drawing on extensive qualitative data, we develop an emergent theoretical framework that elucidates how ventures navigate evolving regulatory uncertainty. Grounded in a power versus industry-evolution logic, this framework illuminates how ventures’ strategies for doing so vary and theorizes why certain strategies appear more effective than others. In doing so, we also introduce a novel logic of interaction—regulatory co-creation—that ventures can employ to shape emerging regulations. Taken together, our theory and findings challenge existing perspectives on strategy in nascent industries, shed light on the dynamic interplay between market and nonmarket strategy, and recast the relationship between ventures and regulators during the emergence of new technology industries. – Reproduced
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Entrepreneurship, Innovation, Regulation, Strategy, Technological change, Nascent industries, Qualitative methods.
9 (RLIN) 37095
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Main entry heading Administrative Science Quarterly
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Subject DIP ENTREPRENEURSHIP
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Item type Articles
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Permanent location Current location Date acquired Serial Enumeration / chronology Barcode Date last seen Koha item type
          Indian Institute of Public Administration Indian Institute of Public Administration 2023-03-28 67(4), Dec, 2022: p.915-967 AR128507 2023-03-28 Articles

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