Economic Rents and Legitimacy: Incorporating Elements of Organizational Analysis Institutional Theory to the Field of Business Strategy



Título del documento: Economic Rents and Legitimacy: Incorporating Elements of Organizational Analysis Institutional Theory to the Field of Business Strategy
Revista: BAR - Brazilian Administration Review
Base de datos: CLASE
Número de sistema: 000287539
ISSN: 1807-7692
Autores: 1

Instituciones: 1Fundacao Getulio Vargas, Escola de Administracao de Empresas, Sao Paulo. Brasil
Año:
Periodo: Ene-Abr
Volumen: 4
Número: 1
Paginación: 51-65
País: Brasil
Idioma: Inglés
Tipo de documento: Artículo
Enfoque: Analítico, descriptivo
Resumen en inglés Are sources of economic rent, as defined by the prevalent business strategy paradigm, sufficient to attain and maintain superior returns? The perspective developed within the conceptual framework of the Institutional Theory may offer managers a contribution towards understanding the strategy process and its potentialities, particularly by stressing the leading role played by legitimacy, the influence of many institutional spheres, the isomorphic pressures, ceremonial behavior and decoupling, among other elements, that mainstream business strategy fails to address directly, but which may have a significant effect on firm performance. We advance that these elements must be accounted for in the pursuit and acquisition of economic rents, even if the ability to articulate them purposefully is constrained by rationality, agency conditions and the manager's social embeddedness
Disciplinas: Administración y contaduría
Palabras clave: Historia y teorías de la administración y la contaduría,
Administración de instituciones,
Estrategia,
Teoría institucional,
Legitimación,
Estrategias institucionales
Texto completo: Texto completo (Ver PDF) Texto completo (Ver PDF)