Institutional theory is "A widely accepted theoretical posture that emphasizes rational myths, isomorphism, and legitimacy." F There are two dominant trends in institutional theory:
- Old Institutionalism sometimes associated with Historical institutionalism
- New institutionalism
Read more about Institutional Theory: Institutional Theory
Famous quotes containing the word theory:
“We commonly say that the rich man can speak the truth, can afford honesty, can afford independence of opinion and action;—and that is the theory of nobility. But it is the rich man in a true sense, that is to say, not the man of large income and large expenditure, but solely the man whose outlay is less than his income and is steadily kept so.”
—Ralph Waldo Emerson (1803–1882)