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Risk Management Effect on Product Development: Mediating Role of Regulatory Barriers in the Horn of Africa
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Author(s): Shashi Kant (Bule Hora University, Ethiopia)and Wako Jio (Bule Hora University, Ethiopia)
Copyright: 2025
Pages: 34
Source title:
Strategic Management, Regulatory Challenges, and Global Governance of MedTech
Source Author(s)/Editor(s): Ricardo Marcão (ISLA Santarem, Polytechnic University, Portugal & NECE, University of Beira Interior, Portugal
), Vasco Ribeiro Santos (Instituto Politécnico de Tomar, Portugal)and Stéphanie Monteiro (Institute for Systems and Robotics, Portugal)
DOI: 10.4018/979-8-3373-1205-7.ch008
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Abstract
This chapter examines the moderating influence of regulatory barriers on the relationship among risk management and new product development in the Eastern Africa. Conducting a investigation on a sample of 390 participants, exploratory factor analysis (EFA) check data suitability according to Kaiser-Meyer-Olkin(KMO) measure of sampling adequacy. Second, Confirmatory factor analysis (CFA) is used to assess the overall accuracy of measurement model in defining the constructs. Based on the data obtained, structural equation modeling using AMOS software is used to analyze the relations among risk management styles on the one hand, and regulatory barriers and product development outcomes on the other. This paper's evidence manifests that the kind influence of risk management strengthens product development capacities; nevertheless, this is moderated by several regulatory constraints. Much as there are advantages such as augmented marketplace access, regulation poses assortment of quandaries that slows down innovation and new products launch therefore governments need to master challenges.
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