W3 - CASE Flashcards
Who were the key interest groups in the REACH negotiation process?
Key interest groups included:
* Chemical industry
* NGOs
* European Commission
* Other stakeholders involved in environmental and health regulations.
Understanding the stakeholders is crucial for analyzing lobbying strategies and outcomes.
What political strategies did the chemical industry implement during the REACH negotiations?
Strategies included:
* Lobbying efforts
* Coalition building with other firms
* Public relations campaigns to shape public perception.
These strategies reflect the industry’s approach to influence regulatory outcomes.
Fill in the blank: Firms spend relatively ______ on lobbying.
little
This highlights the challenges and dynamics in industry-wide collective action.
What are the reasons for the limited spending on lobbying by firms?
- Collective action challenges
- Individual firm reputation concerns
- Fear of being penalized for undue influence.
These factors contribute to the complexities of lobbying in the business environment.
What does Stigler’s quote ‘Regulation is made by and for industry’ imply?
It suggests that regulatory frameworks are often influenced or created by the very industries they aim to regulate.
This reflects the potential conflicts of interest in regulatory processes.
True or False: Successful lobbying focuses only on short-term gains.
False
Successful lobbying requires a long-term focus and strategic planning.
What common factors affect product testing regulations?
- Economic
- Social
- Political
These factors shape the regulatory landscape that firms must navigate.
What is the relationship between lobbying and corporate strategy?
Lobbying can impact corporate strategy through potential reputational costs and the need to navigate international differences in political culture.
This relationship is crucial for firms operating in multiple jurisdictions.
What are some successful lobbying strategies mentioned?
- Focus on long-term objectives
- Create a compelling narrative
- Link narrow interests to broad interests.
These strategies help define and advocate for specific industry interests effectively.
Fill in the blank: Lobbying can be done from ______.
Within/inside or Outside
This indicates the varied approaches firms can take to influence policy.
What is a consequence of changes to regulatory regimes for firms?
It can affect competition and require firms to adapt their strategies accordingly.
Regulatory changes can create both challenges and opportunities for businesses.
