Institutional theory refers to the universally accepted posture that emphasizes on rational myths, legitimacy and isomorphism. It consists of policy making that concerns itself with the formal and legal structures of government. It is concerned with the resilient aspects of social structure and the manner in which such structures become authoritative guidelines for social behavior in institutions. In effect, institutional theory may be useful in explaining the stability of institutional realities that is sometimes occasioned in institutions. It is the case that for organizations to survive, they must conform to the beliefs and rules of systems that are subsisting ...
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