Strategy and commitments to institutional logics: Organizational heterogeneity in business models and governance

Theory and research on institutional pluralism and complexity provide an opportunity to re-examine a key question of strategy: the sources of organizational heterogeneity in the creation and capture of value. Concretely, we focus on the implications for value creation and capture in terms of organizations’ business models and governance strategies, respectively. We posit that strategic organizational choices are shaped by available institutional...