For many companies, the government is expansive interaction, affect the behavior of firms and industry structure. The visible hand of the state in the form of a legal regime plays a role in company affairs together with the invisible hand of market forces. Deregulation and regulatory reforms have changed, but does not eliminate government intervention. In regulated environments such a successful business strategy requires an understanding of the objectives of the regulation involved and the specifics of the rules … Read more »

For many companies, the government is expansive interaction, affect the behavior of firms and industry structure. The visible hand of the state in the form of a legal regime plays a role in company affairs together with the invisible hand of market forces. Deregulation and regulatory reforms have changed, but does not eliminate government intervention. In regulated environments such a successful business strategy requires an understanding of the objectives of the regulation involved and the particular legal institutions. This note contains some of the functions that must be distinguished from regulatory authorities and the main dimensions, the specific institutional approaches to regulation. Understanding the common functions for managers interested in those approaches offer scope for the private sector long-term holding important. Understanding the institutional differences is essential to the development of specific strategies for business success. This note examines various regulatory decisions. Behind the objectives of regulatory intervention, the economic and legal basis of the regulation, and different ways to implement a regulatory system with design decisions in regulatory independence, decision-making and industrial applications
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Alexander Dyck,
Indra A. Rein Mountain
16 pages.
Release Date: 21 March 2002. Prod #: 702054-PDF-ENG
Notification of legal Choices HBR case solution

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