Around 1,700 students have been left in the lurch after the Art Institutes, a network of for-profit art and design colleges, announced that its eight remaining campuses across the United States would permanently close by 30 September. The news came suddenly.

Art institution refers to a place, where an artist can give and get a professional training. It can be a school, a university, a guild, or a private apprenticeship in a workshop. This category unites artists that were teaching or studying in the same art institution.

264,000 square feet Throughout the first decade of the 21st century, the Art Institute would embark on the largest expansion in its history, the Modern Wing. Designed by Renzo Piano, this addition, at 264,000 square feet, rivaled only the original Michigan Avenue Building of 1893 in size.

Institutional. The institutional theory of art is a theory about the nature of art that holds that an object can only become art in the context of the institution known as "the art world".

Its collections eventually expanded into art masterpieces from around the world, spanning from ancient bronzes to post-modernist contemporary pieces. Today, it holds hundreds of thousands of famous artifacts, and both the academy and the museum are recognized as leading international institutions.

For the original formulations, see Dickie (1969), Dickie (1971), Dickie (1974), and Dickie (1984). The institutional theory of art is a procedural account of art which argues that “works of art” are art on account of their position occupied within an institutional context.

Institutional theory is an approach to understanding organizations and management practices as the product of social rather than economic pressures. It has become a popular perspective within management theory because of its ability to explain organizational behaviors that defy economic rationality.

The museum contains more than 300,000 works of art. It is especially noted for its extensive collections of 19th-century French painting (Impressionist works in particular) and 20th-century painting and sculpture. (Read Sister Wendy's Britannica essay on art appreciation.)

Fun Facts

• The two patina lions guarding the entrance to AIC are not identical, are over 100 years old, and have names!
• The largest painting in the museum's collection is Georgia O'Keeffe's Sky Above Clouds IV.

Institutional theory focuses on the roles of social, political and economic systems in which companies operate and gain their legitimacy. As explained by Scott, institutions provide for the rules of the game and define the available ways to operate by discouraging, constraining or encouraging given behavioral patterns.

Institutional theory attends considers the processes by which structures, including schemas, rules, norms and routines, become established as authoritative guidelines for social behavior.

The institutional perspective covers policy perspectives, leadership, management and professionalism at both the country and company level. As we explain later, elements of our paradigm reflect directly these fundamental principles and also provide underpinning assumptions for our proposed structure.