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- Title
The Institution-Based View as a Third Leg for a Strategy Tripod.
- Authors
Peng, Mike W.; Sunny Li Sun; Pinkham, Brian; Hao Chen
- Abstract
This article identifies the emergence of the institution-based view as a third leading perspective in strategic management (the first two being the industry-based and resource-based views). We (a) review the roots of the institution-based view, (b) articulate its two core propositions, and (c) outline how this view contributes to the four fundamental questions in strategy. Overall, we suggest that the institution-based view represents the third leg of a strategy tripod, overcomes the long-standing criticisms of the industry-based and resource-based views' lack of attention to contexts, and contributes significant new insights as part of the broader intellectual movement centered on new institutionalism.
- Subjects
STRATEGIC planning; INTELLECTUAL capital; BUSINESS; MANAGEMENT science; INDUSTRIAL management; BUSINESS planning
- Publication
Academy of Management Perspectives, 2009, Vol 23, Issue 3, p63
- ISSN
1558-9080
- Publication type
Article
- DOI
10.5465/AMP.2009.43479264