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Mimetic isomorphism: a tool for organizational legitimacy

By: Dua, Gurwinder Kaur.
Contributor(s): Shivani Inder.
Publisher: Kolkata CMA Kaushik Banerjee 2022Edition: Vol.57(11), Nov.Description: 79-82p.Subject(s): Construction Engineering and Management (CEM)Online resources: Click here In: Management and accountant journalSummary: Institutional theory offers a basic framework for explicating different forms of isomorphism. Firms struggle to strike a balance between imitation and differentiation, so as to gain legitimacy in the eyes of the stakeholders. Mimetic isomorphism is the result of interactions of firms in an industry and shift firms towards acceptable behaviors, following presupposed norms and ultimately gain legitimacy in the eyes of the stakeholders, with avoidance of negative consequences.
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Institutional theory offers a basic framework for explicating different forms of isomorphism. Firms struggle to strike a balance between imitation and differentiation, so as to gain legitimacy in the eyes of the stakeholders. Mimetic isomorphism is the result of interactions of firms in an industry and shift firms towards acceptable behaviors, following presupposed norms and ultimately gain legitimacy in the eyes of the stakeholders, with avoidance of negative consequences.

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