Disruptive entrepreneurship versus industry regulations: What principles should govern?

• Main Authors: Wee Liang TAN, DANA, Leo-Paul, POH, Lip Hang
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2016
• Subjects: Disruptive Entrepreneurship; Regulations; Public policy; Business; Entrepreneurial and Small Business Operations
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/5015
• Institution: Singapore Management University

This paper explores the question from the perspectiveof policy-making and regulations - how should industry regulations be designedto accommodate the need for the promotion of entrepreneurship and innovation?The policymakers are confronted with countervailing forces and arguments. Thepaper begins with a review of the literature on disruptive innovation which hasarisen because a confluence of technologies that enable digital transformationof business processes, creation of new products and services. Secondly, weexamine the impact of disruptive entrepreneurship on incumbents in ride-sharingenterprises like Uber before discussing the manner in which regulations impactsthese innovators. The paper then discusses the role of regulations in historyand observations about regulations and innovations before exploring principlesthat could possibly apply to the design of a business arena that permits theincumbents and the disrupters to coexist.