Definitions (2)
1. Establishment, foundation, or organization created to pursue a particular type of endeavor, such as banking by a financial institution.
2. Consistent and organized pattern of behavior or activities (established by law or custom) that is self-regulating in accordance with generally accepted norms. For example, political institutions are involved with (and regulate) competition for power; and economic institutions (such as markets) encourage and regulate production and distribution of goods and services.
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4 Declarations of the Institutional Imperative
The Institutional Imperative:
(1) As if governed by Newton's First Law of Motion, an institution will resist and change in its current direction.
(2) Just as work expands to fill availab ... Read more
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