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| Topic: |
Business
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| Number of pages / Number of words: |
11 / 2812 |
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In the management and strategy literatures, much attention has been directed to why firms fail to respond to major changes. Explanations range from structural inertia (Hannan & Freeman, 1989), or institutionalization (Zucker, 1988), to path dependence (Toby & Podolny, 1996). These theoretical perspectives, focusing on firm or industry level, explain firm behavior from the external constraints firms face, thus shifting the focus away from managers as a variation source of firm performance...
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In the management and strategy literatures, much attention has been directed to why firms fail to respond to major changes. Explanations range from structural inertia (Hannan & Freeman, 1989), or institutionalization (Zucker, 1988), to path dependence (Toby & Podolny, 1996). These theoretical perspectives, focusing on firm or industry level, explain firm behavior from the external constraints firms face, thus shifting the focus away from managers as a variation source of firm performance...
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