Economic Rents and Legitimacy: Incorporating Elements of Organizational Analysis Institutional Theory to the Field of Business Strategy
Are sources of economic rent, as defined by the prevalent business strategy paradigm, sufficient to attain and maintain superior returns? The perspective developed within the conceptual framework of the Institutional Theory may offer managers a contribution towards understanding the strategy process...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Associação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD)
2007-01-01
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| Series: | BAR: Brazilian Administration Review |
| Subjects: | |
| Online Access: | http://www.anpad.org.br/periodicos/arq_pdf/a_591.pdf |
| _version_ | 1797967497936240640 |
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| author | Marco Aurélio Lima de Queiroz Flavio Carvalho de Vasconcelos Rafael Guilherme Burstein Goldszmidt |
| author_facet | Marco Aurélio Lima de Queiroz Flavio Carvalho de Vasconcelos Rafael Guilherme Burstein Goldszmidt |
| author_sort | Marco Aurélio Lima de Queiroz |
| collection | DOAJ |
| description | Are sources of economic rent, as defined by the prevalent business strategy paradigm, sufficient to attain and maintain superior returns? The perspective developed within the conceptual framework of the Institutional Theory may offer managers a contribution towards understanding the strategy process and its potentialities,particularly by stressing the leading role played by legitimacy, the influence of many institutional spheres, the isomorphic pressures, ceremonial behavior and decoupling, among other elements, that mainstream business strategy fails to address directly, but which may have a significant effect on firm performance. We advance thatthese elements must be accounted for in the pursuit and acquisition of economic rents, even if the ability to articulate them purposefully is constrained by rationality, agency conditions and the manager's social embeddedness. |
| first_indexed | 2024-04-11T02:32:08Z |
| format | Article |
| id | doaj.art-3cb8bd218a784781b6d48a374ffc2784 |
| institution | Directory Open Access Journal |
| issn | 1807-7692 |
| language | English |
| last_indexed | 2024-04-11T02:32:08Z |
| publishDate | 2007-01-01 |
| publisher | Associação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD) |
| record_format | Article |
| series | BAR: Brazilian Administration Review |
| spelling | doaj.art-3cb8bd218a784781b6d48a374ffc27842023-01-02T21:05:16ZengAssociação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD)BAR: Brazilian Administration Review1807-76922007-01-01415165Economic Rents and Legitimacy: Incorporating Elements of Organizational Analysis Institutional Theory to the Field of Business StrategyMarco Aurélio Lima de QueirozFlavio Carvalho de VasconcelosRafael Guilherme Burstein GoldszmidtAre sources of economic rent, as defined by the prevalent business strategy paradigm, sufficient to attain and maintain superior returns? The perspective developed within the conceptual framework of the Institutional Theory may offer managers a contribution towards understanding the strategy process and its potentialities,particularly by stressing the leading role played by legitimacy, the influence of many institutional spheres, the isomorphic pressures, ceremonial behavior and decoupling, among other elements, that mainstream business strategy fails to address directly, but which may have a significant effect on firm performance. We advance thatthese elements must be accounted for in the pursuit and acquisition of economic rents, even if the ability to articulate them purposefully is constrained by rationality, agency conditions and the manager's social embeddedness.http://www.anpad.org.br/periodicos/arq_pdf/a_591.pdfstrategyinstitutional theorylegitimacyinstitutional strategy. |
| spellingShingle | Marco Aurélio Lima de Queiroz Flavio Carvalho de Vasconcelos Rafael Guilherme Burstein Goldszmidt Economic Rents and Legitimacy: Incorporating Elements of Organizational Analysis Institutional Theory to the Field of Business Strategy BAR: Brazilian Administration Review strategy institutional theory legitimacy institutional strategy. |
| title | Economic Rents and Legitimacy: Incorporating Elements of Organizational Analysis Institutional Theory to the Field of Business Strategy |
| title_full | Economic Rents and Legitimacy: Incorporating Elements of Organizational Analysis Institutional Theory to the Field of Business Strategy |
| title_fullStr | Economic Rents and Legitimacy: Incorporating Elements of Organizational Analysis Institutional Theory to the Field of Business Strategy |
| title_full_unstemmed | Economic Rents and Legitimacy: Incorporating Elements of Organizational Analysis Institutional Theory to the Field of Business Strategy |
| title_short | Economic Rents and Legitimacy: Incorporating Elements of Organizational Analysis Institutional Theory to the Field of Business Strategy |
| title_sort | economic rents and legitimacy incorporating elements of organizational analysis institutional theory to the field of business strategy |
| topic | strategy institutional theory legitimacy institutional strategy. |
| url | http://www.anpad.org.br/periodicos/arq_pdf/a_591.pdf |
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