Institutional theory in business marketing : A conceptual framework and future directions

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalNot applicablepeer-review

19 Scopus Citations
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Detail(s)

Original languageEnglish
Pages (from-to)721-725
Journal / PublicationIndustrial Marketing Management
Volume43
Issue number5
Early online date14 May 2014
Publication statusPublished - Jul 2014

Abstract

Institutional environments exert significant effects on organizational behavior, structure, strategy, governance, and process. To gain competitive advantage, managers are striving for legitimacy while maintaining efficiency. In line with this thinking, we propose the developmental process of institution-driven and legitimacy-embedded efficiency, and emphasize the confluence of legitimacy and efficiency in the context of business marketing. We then highlight several promising directions for further research on the development of institutional theory and its application in business marketing. Finally, we present a brief summary of each paper in this special issue. © 2014 Elsevier Inc.

Research Area(s)

  • Business marketing, Institutional logic, Institutional theory, Legitimacy, Marketing strategy