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_____ are the most tangible requirements for advantage that enable a firm to exercise its capabilities.
Institutionalized Power
Power that is embedded within institutions and the structure of society, manifesting through norms, policies, and procedures that govern people's behavior.
Political Sociologists
Scholars who study the social aspects of politics, including the origins, development, and interactions of political institutions and processes.
Formal Organizations
are structured groups established for a specific purpose, characterized by a clear hierarchy, roles, and rules that define its operation and governance.
Competitive Elections
Electoral processes where more than one candidate or political party has a realistic chance of winning, allowing for active participation and choice by the electorate.
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