Towards an Institution-Based View of Business Strategy
- Cite this article as:
- Peng, M.W. Asia Pacific Journal of Management (2002) 19: 251. doi:10.1023/A:1016291702714
This article focuses on a key question: Why do strategies of firms from different countries differ? Drawing from recent research on business strategies in Asian organizations, this article outlines the emergence of an institution-based view of business strategy which sheds light on why firms differ, reviews four streams of research in a broad range of countries, and critiques and extends some of the current work by suggesting a number of future research directions.