The _____ view suggests that the success and failure of firms are largely determined by their environments.
A) institution-based
B) stakeholder-based
C) resource-based
D) capability-based

Question

The _____ view suggests that the success and failure of firms are largely determined by their environments.
A) institution-based 
B) stakeholder-based 
C) resource-based 
D) capability-based

Quizplus · Accepted Answer

The institution-based view of firms suggests that external factors such as laws, regulations, norms, and cultures shape the behavior and strategies of firms, ultimately determining their success or failure. The stakeholder-based, resource-based, and capability-based views focus more on internal factors such as stakeholders, resources, and capabilities as determinants of firm performance.

The _____ View Suggests That the Success and Failure of Firms