A Tale of Two Cities: Competing Logics and Practice Variation in the Professionalizing of Mutual Funds
- 1 April 2007
- journal article
- Published by Academy of Management in The Academy of Management Journal
- Vol. 50 (2), 289-307
- https://doi.org/10.5465/amj.2007.24634436
Abstract
This article examines practice diffusion in an environment where competing logics exist, specifically investigating how trustee and performance logics that were rooted in different locations (Boston and New York) led to variation in how mutual funds established contracts with independent professional money management firms. This focus on competing logics redirects institutional research away from isomorphism and the segregation of institutional and technical forces and toward an appreciation of how multiple forms of rationality underlie change in organizational fields. Implications for the dominant two-stage institutional model of diffusion and for research on institutions, organizations, and professions are discussed.Keywords
This publication has 72 references indexed in Scilit:
- Organizing for MindfulnessJournal of Management Inquiry, 2006
- Albert and Whetten Revisited: Strengthening the Concept of Organizational IdentityJournal of Management Inquiry, 2006
- The Recomposition of an Organizational Field: Health Care in AlbertaOrganization Studies, 2005
- Field Approaches to Institutional Change: The Evolution of the National Collegiate Athletic Association 1906–1995Organization Studies, 2004
- Sources of Durability and Change in Market Classifications: A Study of the Reconstitution of Product Categories in the American Mutual Fund Industry, 1944-1985Social Forces, 2004
- Cultural entrepreneurship: stories, legitimacy, and the acquisition of resourcesStrategic Management Journal, 2001
- Ending the Family QuarrelAmerican Behavioral Scientist, 1997
- Rules, Resources, and Legitimacy Processes: Some Implications for Social Conflict, Order, and ChangeAmerican Journal of Sociology, 1994
- The Iron Cage Revisited: Institutional Isomorphism and Collective Rationality in Organizational FieldsAmerican Sociological Review, 1983
- Institutional Sources of Change in the Formal Structure of Organizations: The Diffusion of Civil Service Reform, 1880-1935Administrative Science Quarterly, 1983