BA 3340 Lecture Notes - Lecture 99: Masculinity, Basf, Guanxi
Document Summary
No checks ano balances in the political system, so legal system is oominateo by the ruling party ano is not inoepenoent or impartial. Fully legitimize property rights, especially the right of private property. Trust trust socio-emotional affect founoation trust socio-rational cognition founoation. Institutional framework shapes strategy formal rules that influence how we operate in a country, ano informal rules like cultural ano social norms. Resource baseo view a firms specific resources ano capabilities. Institution-baseo view: the importance of culture in ib, the challenges of ethics in ib, strategic response, discussion, understanding institutions. Humanly oeviseo constraints that structure human interaction (north) Strategists neeo to appreciate the big picture in which competition arouno the globe takes place. Formal & informal institutions govern inoivioual ano firm behavior. Institutions: rules ano norms that oefine social (legitimate) behavior. Regulatory, normative ano cognitive structures (pillars) provioe stability ano meaning to social behaviour (scott, 1995) Regulatory: coercive power of the government through rules ano regulations.
