Institution-based view argues that the success and failure of firms are enabled andconstrained by institutions. Which of the following about this view is true?Select one:a. The institutional similarities between developed and emerging economies havepropelled the institution-based view to the forefront of strategy discussions.b. When formal institutional constraints fail, informal constraints tend to fail as well.C. Institutions are little more than background conditions to strategic decisions.d. The institution-based view focuses on the dynamic interaction betweeninstitutions and firms, and considers strategic choices the outcome of suchinteraction.

Institution-based view refers to the view that devises strategic choices as a product of the dynamic…

Answered: Institution-based view argues that the…

Institution-based view argues that the success and failure of firms are enabled and constrained by institutions. Which of the following about this view is true?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter13: The Balanced Scorecard: Strategic-based Control

Section: Chapter Questions

Problem 15E: In a balanced scorecard, a key strategic if-then statement is provided: if the number of defective...

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Question

Institution-based view argues that the success and failure of firms are enabled and
constrained by institutions. Which of the following about this view is true?
Select one:
a. The institutional similarities between developed and emerging economies have
propelled the institution-based view to the forefront of strategy discussions.
b. When formal institutional constraints fail, informal constraints tend to fail as well.
C. Institutions are little more than background conditions to strategic decisions.
d. The institution-based view focuses on the dynamic interaction between
institutions and firms, and considers strategic choices the outcome of such
interaction.

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