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Why Institutions Matter

Why Institutions Matter

Copyright: © 2019 |Pages: 22
ISBN13: 9781522562702|ISBN10: 1522562702|ISBN13 Softcover: 9781522588122|EISBN13: 9781522562719
DOI: 10.4018/978-1-5225-6270-2.ch002
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MLA

Albena Antonova. "Why Institutions Matter." Institutional and Organizational Transformations in the Robotic Era: Emerging Research and Opportunities, IGI Global, 2019, pp.27-48. https://doi.org/10.4018/978-1-5225-6270-2.ch002

APA

A. Antonova (2019). Why Institutions Matter. IGI Global. https://doi.org/10.4018/978-1-5225-6270-2.ch002

Chicago

Albena Antonova. "Why Institutions Matter." In Institutional and Organizational Transformations in the Robotic Era: Emerging Research and Opportunities. Hershey, PA: IGI Global, 2019. https://doi.org/10.4018/978-1-5225-6270-2.ch002

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Abstract

Institutions play a crucial role both on an individual and on a societal level. Many of the personal life choices as well as the decision making on an organizational level and the development of the society as a whole are functions of various institutional arrangements. In the second chapter, the author defines institutions and their characteristics, elements, and functions. By analyzing the complex framework of institutional settings and rules, the author further points out what makes institutions a unique human achievement and why understanding of their functions will be crucial for the defining path ahead. Further, an overview of the rules and regulations sum up their functions as main ingredients of the social interactions. The last part proposes an in-depth study and analysis of the mechanisms by which new technologies influence institutional settings.

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