Institutional transitions and strategic choices

• 成果类型: Article
• 署名作者: Peng, MW
• 署名单位: University System of Ohio; Ohio State University
• 刊物名称: ACADEMY OF MANAGEMENT REVIEW
• ISSN/ISSBN: 0363-7425
• DOI: 10.5465/AMR.2003.9416341
• 发表日期: 2003
• 页码: 275-296
• 关键词: ORGANIZATIONAL-CHANGE; business groups; eastern-europe; joint ventures; performance; environment; RUSSIA; firm; privatization; CHINA

摘要

How do organizations make strategic choices during the time of fundamental institutional transitions such as those sweeping numerous emerging economies? To answer this question. a two-phase model of institutional transitions is developed in this article. I focus on the longitudinal process to move from a relationship-based. personalized transaction structure calling for a network-centered strategy to a rule-based, impersonal exchange regime suggesting a market-centered strategy. I then identify the points of inflection; predict strategic choices for incumbent, entrepreneurial, and foreign firms; and delineate their performance implications.