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Blockbuster, Borders, Circuit City, and Radio Shack are examples of firms that did not have good perceptual acuity.
Anthony Giddens
A prominent British sociologist known for his theory of structuration and his holistic view of modern societies.
Institutions
Structures or mechanisms of social order and cooperation governing the behavior of a set of individuals within a given community.
Critical Race Theory
A theoretical framework that suggests race is a social construct designed to maintain the interests of the white majority in societal structures.
Historical Racism
The systemic and institutionalized discrimination and prejudice that has occurred historically based on race, affecting the present social and economic disparities.
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