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The concept of institutional isomorphism was primarily developed by Paul DiMaggio and Walter Powell. The concept appears in their 1983 paper The iron cage revisited: institutional isomorphism and collective rationality in organizational fields. [1] The term is borrowed from the mathematical concept of isomorphism.
There are two dominant trends in institutional theory: Old institutionalism; New institutionalism; Powell and DiMaggio (1991) [5] define an emerging perspective in sociology and organizational studies, which they term the 'new institutionalism', as rejecting the rational-actor models of Classical economics.
Another significant reformulation occurred with Paul DiMaggio and Walter W. Powell's paper on isomorphism. [ 9 ] [ 8 ] The three papers had in common that they explained the practices of organizations not in terms of efficacy and efficiency, but in terms of legitimacy.
U.S. President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose Garden at the White House, Nov. 2, 2017.
To hear Powell tell it, the story of inflation coming down is actually intact. Even as the Fed announced a third consecutive cut, equivalent to a whole percentage point, monetary policy is still ...
It's been 45 years since Jane Seymour first posed in Playboy -- and it's our lucky day, because she's back! The 67-year-old knockout recently sat down for an interview and sexy photo shoot at her ...
Walter W. Powell (also known as Woody Powell), born August 15, 1951, is a contemporary American sociologist.Powell is Professor of Education, Sociology, Organizational Behavior, Management Science and Engineering, and Communication at Stanford University and the Stanford Graduate School of Education since 1999 and is known for his contributions to organizational theory, in particular to the ...
Federal Reserve Chair Jerome Powell on Wednesday reaffirmed his message of higher and potentially faster interest rate hikes, but emphasized that debate was still underway and a decision would ...