Title: Institutional Transitions and Strategic Choices
Abstract: How do organizations make strategic choices during the time of fundamental institutional transitions such as those sweeping numerous emerging economies? To answer this question, a two-phase model of institutional transitions is developed in this article. I focus on the longitudinal process to move from a relationship-based, personalized transaction structure calling for a network-centered strategy to a rule-based, impersonal exchange regime suggesting a market-centered strategy. I then identify the points of inflection; predict strategic choices for incumbent, entrepreneurial, and foreign firms; and delineate their performance implications.
Publication Year: 2003
Publication Date: 2003-04-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 2229
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