[Autom. eng. transl.] Organizations exist in an environment that puts them under a certain degree of pressure, characterized by the development of rules and requirements that organizations must comply with in order to obtain support and legitimacy. They also have structural inertia, or tend to maintain their own behaviors and to consider legitimate behaviors in the field and settled in the organization as correct. Therefore, the institutional pressure and the set of social relations, condition the characteristics and constrain the decision-making capacities of the organization, also determining its removal from the rationally pre-established purpose. The chapter focuses on the main impacts of formal and informal institutions on business strategy.
|Translated title of the contribution||[Autom. eng. transl.] Institution-based rents and regulatory arbitrage strategies|
|Title of host publication||Corporate Strategy|
|Editors||Franco Fontana, Paolo Boccardelli|
|Number of pages||17|
|Publication status||Published - 2015|
- Institutional-Bsed View