Regulation: Innovation’s Double-Edged Sword
What are the deciding factors in the success or failure of a truly disruptive business powered by truly innovative technology? Consider the impact that regulation (and in some cases the lack thereof) can have on the viability of institutions established and entrepreneurial alike. Brick-and-mortar shops have long been vocal about the advantage that Amazon enjoys by not requiring sales tax where they do not have a physical presence in the US, a drawn out legal battle with an inevitable end. Similarly, startups like Uber and AirBnB have been able to take advantage of outdated regulations and regulatory bodies to introduce whole new paradigms of transport and lodging. But do predictably glacial regulatory processes always serve as a smorgasbord of loopholes of which spry up-and-comers can take advantage? [...]
To read the full post and add comments, please visit the SogetiLabs blog:
Regulation: Innovation’s Double-Edged Sword.