Using Institutional Theory to Improve Results in an Industrial Company

Carlos Roberto Ferreira and José António Candeias Bonito Filipe

No 2009/32, Working Papers Department of Economics from ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa

Abstract: The current world is more and more globalized, with the competence level enhancing day by day and the enterprises having to be prepared to give positive answers to the questions proposed to them. Being prepared to face different kinds of situations is the biggest challenge of their leaders. An action taken in any part of the world will bring enormous consequences in a short period of time. The velocity in which information comes and the way it is analysed and processed will separate the survivors from the losers. Changes happen continuously, demanding of the enterprise frequent revaluations of the trends of the market and its positioning. The alternatives are many and imprecise towards an obviously uncertain future. The more knowledge an enterprise has about the competitiveness determining factors, the higher is its possibility of being right. It is necessary to interpret those factors to participate of the rival environment in favourable conditions, which means filtering all those information, focusing on the ones that really have impact on your business. The importance and relevance of the theme “Results Improvement” are related to the reality of the industrial enterprises and their difficulty on keeping themselves competitive in a globalized environment. This theme will reinforce that the option for the institutionalization of result methodologies can be a profitable way to the enhancement of the competitiveness of those industrial organizations. Our intention is to demonstrate that together with a politics of collaborators’ participation in the process of work, the institutionalization of methodologies focused on results can explain why some organizations survive and others fail or have to link themselves to others. This association of variables described below, can be determining for the enterprise success, as we live in the era of knowledge, of the information velocity, of the details … and the ones who can better associate those variables will have a competitive advantage in relation to the other players.

Date: 2009-09
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More papers in Working Papers Department of Economics from ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa Department of Economics, ISEG - Lisbon School of Economics and Management, Universidade de Lisboa, Rua do Quelhas 6, 1200-781 LISBON, PORTUGAL.
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