INBS 346--Chapter 4, Ball et al

INBS 346--Chapter 4, Ball et al - International...

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Unformatted text preview: International Institutions from International Institutions from an International an International Business Perspective Business Perspective Textbook Reading: Chapter Four 1-2 4-2 What Are Institutions? What Are Institutions? n Institutions refer to: - socially constructed groups - with regulative, normative, and cultural elements- that provide stability and meaning to social life- Organized collections of basic rules and unwritten codes of conduct that - Limit and direct firms behavior- Reduce uncertainty in the firms environment 1-3 4-3 Types of Institutions Types of Institutions n Formal Institutions : influence behavior through laws and regulations- EUs Directorate General for Competition- The International Court of Justice- Informal Institutions: depend on customs and ideologies to mold behavior- Patterns surrounding firm-supplier relationships in Japan vs. the U.S.- Chinese Guanxi 1-4 4-4 Institutional Theory and International Institutional Theory and International Business Business n Institutions function to influence the range of actions the firm can take- Formal institutions are major in their geographical areas- National Governments- Informal institutions- Professional organizations- Non-governmental organizations- Doctors without borders 1-5 4-5 Influence of Institutions on Influence of Institutions on Firms, Managers Firms, Managers and Firm Behavior and Firm Behavior Institutions Formal Formal and Informal Constraints Informal Normative & Cognitive Constraints Firms Managers Firm Behavior 1-6 4-6 Global Level Institutions...
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This note was uploaded on 12/17/2010 for the course INBS 346 taught by Professor Ike during the Fall '10 term at Montclair.

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INBS 346--Chapter 4, Ball et al - International...

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