The institution-based view of global business focuses on the dynamic interaction among:

Question

Quizplus · Accepted Answer

The institution-based view of global business recognizes that institutions, firms, and firm behaviors are all interrelated and interact in complex ways. Institutions provide the formal and informal rules of the game that shape the behavior and strategies of firms, and firms in turn can influence the evolution of institutions through their actions and interactions. Therefore, the institution-based view takes a holistic approach to understanding global business, considering the multiple layers of institutional context that affect firms' behavior and outcomes. The institution-based view of global business takes into account not only the institutions but also the firms and their behaviors in the global marketplace. Thus, the correct answer is (D) all of these answers.

The Institution-Based View of Global Business Focuses on the Dynamic