Abstract: There is a remarkable difference between an organization and an institution. While the former is dispensable, saleable, contractible, or simply extinguish, the later is indispensable, worth preserving and ought to be preserved. For legitimacy and survival, organizations need to develop into an institution. That is what institutionalization stands for. This paper examined institutionalization from the two lenses of the old institutionalism and the new institutionalism which signify the point of departure of this paper from similar studies. The paper concludes that the two schools of thought are complementary rather than mutually exclusive. Hence, the paper advocate for ‘complete institutionalization’. The paper also considered institutionalization as a tool for organizational healthy perpetuation and equally regards institutionalization as an organization fact of life that imposes itself on the organization willy-nilly.
Keywords: Institutionalization, Old Institutionalism, New Institutionalism, Diffusion, Isomorphism, Complete Institutionalization.
Title: Institutionalization: A Contemporary Perspective of the Old and New Institutionalism for Managers
Author: Adesina Osho, Iyalla Essien-Abasi, Felix Ekweli
International Journal of Social Science and Humanities Research
ISSN 2348-3156 (Print), ISSN 2348-3164 (online)
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