search query: @indexterm Industrial policy / total: 540
reference: 34 / 540
| Author: | Smith, A. Golden, P. Pitcher, P. |
| Title: | The Clock is Ticking: Surviving Privatization and Deregula- tion by Utilizing the Running Time |
| Journal: | European Management Journal
1999 : VOL. 17:4, p. 409-421 |
| Index terms: | INDUSTRIAL POLICY DEREGULATION PRIVATIZATION |
| Language: | eng |
| Abstract: | Deregulation interrupts industry evolution, leading to fai- lure or absorption of many once-proud, dominating firms. Privatization also radically changes the evolution of an or- ganization, as it moves from a protected, statealigned in- stitution to life subjected to the harsh forces of private sector ownership and scrutiny. Yet deregulation and privati- zation do not occur overnight. We identify a period in many regulated or monopolistic industries which affords incumbent firms and soon-to-be privatized organizations the time to ready themselves for a radically changed competitive land- scape. We identify this period as the running time. Companies that survive and thrive in a post-privatization and post-regulation era initiate strategic processes early in their running time. We illustrate the model by drawing upon an in-depth case study from the US banking industry. |
SCIMA