At Its Core, the Institution-Based View Focuses on How Certain

question 26

Essay

At its core, the institution-based view focuses on how certain strategic choices are diffused from a few firms to many. Such forces of institutionalization are driven by a combination of regulatory, normative, and cognitive pillars. Think of an example of how a firm has strategically responded to an ethical challenge. Describe that challenge and indicate which of the four strategic choices given in the text you think the firm used to address that challenge. Explain why it used that type of response.

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Definitions:

Biosynthesis

The process by which living organisms produce complex compounds from simpler ones, often involving enzyme catalysis.

Strecker Synthesis

A chemical synthesis method for producing amino acids by reacting an aldehyde with ammonium chloride and potassium cyanide.

Tryptophan

An essential amino acid used by the body to produce serotonin and melatonin, found in various protein-rich foods.

α-Ketoacid

An organic compound containing both a ketone and a carboxylic acid group, with the ketone group located at the second position from the acid.