Which of the following theories for explaining a firm's competitiveness centers on the extent to which firms copy each other's strategies?
A) Resource-based theory
B) Enactment
C) Transaction cost economics
D) Environmental determinism
E) Institutional theory

Question

Quizplus · Accepted Answer

Institutional theory focuses on how firms mimic each other's strategies to gain legitimacy and competitiveness in their environment.

Which of the Following Theories for Explaining a Firm's Competitiveness