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2017 | OriginalPaper | Buchkapitel

Institutional Approach to Strategic Management

verfasst von : Federica Brunetta, Francesca Capo, Francesca Vicentini

Erschienen in: Global Business Strategies in Crisis

Verlag: Springer International Publishing

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Abstract

The idea of an institution-based view (IBV) as a third perspective in strategic analysis (the first two being the industry-based and resource-based views) has been recently addressed by several strategy scholars. Institutions are both the medium for and the result of social action: they enable and constrain what firms and other agents wish to accomplish “directly determining what arrows a firm has in its quiver as it struggles to formulate and implement strategy and to create a competitive advantage” (Ingram and Silverman [“Introduction: The new institutionalism in strategic management.” Emerald, Bingley, 20, 2002]). This serves to underline that given the influence of institutions on firm behavior, any strategic choice is inherently affected by the formal and informal constraints of a given institutional framework. Our contribution focuses on a review of the role of institutions in strategic analysis drawing from literature on institutionalism and on the recently developed stream of the institution-based view.

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Titel: Institutional Approach to Strategic Management
verfasst von: Federica Brunetta
Francesca Capo
Francesca Vicentini
Verlag: Springer International Publishing
Buch: Global Business Strategies in Crisis
Print ISBN: 978-3-319-44590-8

Electronic ISBN: 978-3-319-44591-5

Copyright-Jahr: 2017
DOI: https://doi.org/10.1007/978-3-319-44591-5_1