topic to the dominant theory. We show how it has evolved from infancy, through adolescence
and early adulthood to being a fully mature theory, which we think is now facing a mid-life
crisis. Some of the features of this mid-life crisis include over-reach, myopia, tautology,
pseudo-progress and re-inventing the wheel. To address these problems, we argue that
institutional theorists should limit the range of the concept, sharpen their lens, avoid …