The article explores how organizations learn and adapt within their institutional environments. It suggests that organizational forms, technologies, and institutions evolve together. The researchers argue that understanding these relationships can help explain the differences in business strategies across countries. By combining historical analysis with economic theories, the article aims to shed light on the nature of business organizations and the rationality of economic decision-making. Ultimately, the research points towards the potential for a comprehensive theory of how socio-economic organizations develop over time.