Instead, "institutions directly determine what arrows a firm has in
its quiver as it struggles to formulate and implement strategy"
Regardless of disciplinary roots, there is a remarkable consensus on a
core proposition: Institutions matter.
The institution-based view adds a significant piece to the puzzle by
drawing on both formal and informal aspects of the institutional
framework during postwar decades
It is likely that firms will innovate when they sense that
differential profitability is higher than their expectations. Thus we
arrive at our first hypotheses:
While xxxxism held conter stage, alternate perspective were in the wings.