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Is risk regulation a strategic influence on decision making in the biotechnology industry?

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  • Joanna Chataway
  • Joyce Tait

Abstract

This paper discusses strategic decision making in firms pursuing biotechnology innovation and the influence of risk regulation on firm strategy. Data from three research projects, involving interviews with over 60 managers from agricultural and food related biotechnology companies and also over 60 key participants in the regulatory process in the UK and EC, shows a diversity of strategy and opinion. While some industry representatives identified new risk regulations governing the release of genetically manipulated organisms (GMOs) as the primary constraint on biotechnology innovation, the findings of the study painted a more complex picture. The controversies surrounding the issue of risk regulation and its impact on innovation are best understood if viewed in the context of other political and economic factors. We conclude that the actual impact of risk regulation on industry strategies is probably less than the rhetoric of industry lobbyists would suggest. At the same time, the very act of lobbying so forcefully could lead to a public backlash against industry that would be much more damaging than the regulation itself. Copyright Kluwer Academic Publishers 1993

Suggested Citation

  • Joanna Chataway & Joyce Tait, 1993. "Is risk regulation a strategic influence on decision making in the biotechnology industry?," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 10(2), pages 60-67, March.
    • Handle: RePEc:spr:agrhuv:v:10:y:1993:i:2:p:60-67
    DOI: 10.1007/BF02217605
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    Cited by:

    1. Koen Beumer, 2019. "How to include socio-economic considerations in decision-making on agricultural biotechnology? Two models from Kenya and South Africa," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 36(4), pages 669-684, December.
    2. David Smith & J. Skalnik & Patricia Skalnik, 1997. "The bST debate: The relationship between awareness and acceptance of technological advances," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 14(1), pages 59-66, March.

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