Rosenthal & Kouzmin

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Institutionalism

A big problem is the diagnosis and resolution of the level institutionalisation in some countries. For example, crises have occurred as a result of the over-institutionalisation of government regulations, which stifles change and innovation.

The Soviet is an example of under-institutionalisation, as many companies failed due to the lack of democratic institutional rules necessary for “systemic survival”. Control was maintained instead by totalitarian power and corruption.

Management

Institutional resilience, Crises and Vulnerability Management