BUSI 3103 Chapter Notes - Chapter 5: Isomorphism, Gopro, Kodak
25 Jul 2018
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Document Summary
With the increasing levels of uncertainty in the world, organizations have resorted to working together which has impacted the way business is conducted: reduction in traditional boundaries through company collaboration and increasing information sharing throughout the supply chain. Thus, variation in organizational form mainly occurs through new entrants: new entrants are better suited to satisfy current market needs and as such the environment will choose which organizations succeed or fail. Institutionalism/institutional theory: where organizations develop relationships in order to better navigate their external environment. Improve problem solving: access to new markets. Institutional environment: made up of the norms and values of the stakeholders. Legitimacy: the general view that organizations actions are desirable, proper, and appropriate within the e(cid:374)viro(cid:374)(cid:373)e(cid:374)t"s s(cid:455)ste(cid:373) of (cid:374)or(cid:373)s, values, and beliefs: two dimensions, technical: day to day tasks, technology, operational needs; governed by norms, rationality and efficiency. Institutional: part of orga(cid:374)izatio(cid:374) that"s (cid:373)ost visible to the public: conforming to environmental expectations creates legitimacy.
