Strategizing With Institutional Theory

Harry Sminia (Strathclyde Business School)

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English

Cambridge University Press
13 June 2024

Business strategy; Business competition; Organisational theory & behaviour

Series: Elements in Business Strategy

This text consults seven variants of institutional theory to explore how these can be applied to strategic management. These variants are New Institutional Economics, Old Institutionalism, New Institutionalism, institutional entrepreneurship and change, intra organizational institutionalization, institutional logics, and institutional work. In doing so, three strategic management styles are distinguished: competitiveness based strategic management, legitimacy based strategic management, and performativity based strategic management. While the competitive based style sees institutional theory submitting to mainstream strategy research, offering additional variables and considerations to explain competitive advantage, the legitimacy based style makes institutional theory a strategy theory in its own right by providing an explanation for an organization's viability that emphasizes legitimacy over competitive advantage. The performativity based style is an even more radical departure from mainstream strategizing by purporting that a future is actively created with organizations making contributions as emerging issues are being dealt with.

By: Harry Sminia (Strathclyde Business School)
Imprint: Cambridge University Press
Country of Publication: United Kingdom
Dimensions: Height: 229mm, Width: 152mm, Spine: 5mm
Weight: 149g
ISBN: 9781009357661
ISBN 10: 1009357662
Series: Elements in Business Strategy
Pages: 94
Publication Date: 13 June 2024
Audience: General/trade , ELT Advanced
Format: Paperback
Publisher's Status: Active

1. Introduction: applying institutional theory to strategy; 2. Institutions as constraints: new institutional economics; 3. Organizations as institutions: old institutionalism; 4. Organizations and Isomorphism: new institutionalism; 5. Explaining institutions: institutionalization and institutional entrepreneurship as episodic change; 6. Intra-organizational institutionalization: convergent incremental and radical strategic change; 7. Institutional logics: dealing with institutional complexity; 8. Understanding institutionalization: institutional work and constant becoming; 9. Discussion and conclusion: three strategic management styles; References.