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Organizational Legitimacy - Challenges and Opportunities for Businesses and Institutions (Hardcover, 1st ed. 2018)
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Organizational Legitimacy - Challenges and Opportunities for Businesses and Institutions (Hardcover, 1st ed. 2018)
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This volume explores organizational legitimacy in business,
featuring examples from a variety of industries around the world.
Synthesizing the most current theoretical insights and best
practices, the contributing authors examine the ways in which
organizational legitimacy can be understood, its perceived
influence on the market, and the relationship between
organizational legitimacy and overall organizational success. The
authors draw from different methodological perspectives to develop
a holistic approach to organizational legitimacy that transcends
the traditional concepts of corporate reputation, business ethics
or corporate social responsibility. Historically, efforts to
understand how organizations acquire, manage and use legitimacy
have applied insights from institutional theory, resource
dependence theory, organizational ecology and stakeholder theory,
but the field has remained fragmented, despite the profound
implications of achieving legitimacy for ensuring organizational
stability, survival and sustainability through access to capital,
resources and business opportunities, as well as problem solving,
performance measurement and stakeholder support. Presenting case
studies of successful initiatives, the book addresses: * How
organizational legitimacy is defined and measured * How
organizations achieve legitimacy and how they acquire resources *
How different stakeholders (e.g., consumers, investors, employees)
make legitimacy judgments and resource allocation decisions *
Whether audiences in the same socio-cultural context arrive at
shared legitimacy judgments with regard to a focal organization
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