Regulation and technology innovation: A comparison of stated and formal regulatory barriers throughout the technology innovation process
Journal article, 2015
Regulation is often mentioned as a barrier to technology innovation in various industries. Delayed market entry, stifled creativity, added activities and resource requirements are some frequently mentioned barriers. The study presented here explored various claims of regulation acting as a barrier to technology innovation. The findings suggest that formal statutory requirements only partly explain why regulation is perceived as a technology innovation barrier. Findings further indicate several discrepancies between stated and formal regulatory barriers and suggest that the majority of the stated barriers emerge within the organization during operationalization and the technology innovation process.
Technology innovation management
New product development process