Running Head: CULTURE AND INSTITUTIONS 1 Culture and Institution Name Institution Course Code CULTURE AND INSTITUTIONS 2 Culture and Institutions Culture is an organized way of reacting, thinking, and feeling acquired and mainly transmitted by symbols comprising distinguishing achievements of a group of people. In a managerial setting, culture is the authority system, degree of employee commitment and involvement, and how people feel towards the organization (Lebrón, 2013). On the other hand, an institution is a humanly formulated constraints that configure human interactions. Its formal constraints are constitutions, rules, and laws while, the informal constraints are self-imposed codes of conduct, norms of behavior, and convection (Alesina & Giuliano, 2013). Institutions are perceived as informal and formal rules that influence and govern human conduct towards society, economic, and political activities. Formal institutions affect human conduct based on how the authority enforces and interprets regulations and laws. On the other hand, informal institutions impact human conduct through how human conscience enforce shared beliefs about unacceptable and acceptable behaviors. Institutions control collective human actions, results of collaborations by liberating and constraining individual’s conduct. Institutions also enable individuals to conduct in a way that promotes conflict or corporation and influence how humans support the set policies. For example, the rule of dr ...
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