Strategic Venturing as Legitimacy Creation: The Case of Sustainability
Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
Authors
Legitimacy is crucial for the survival and growth of strategic ventures inside larger corporations. Yet, despite much progress, research on the strategic venturing-legitimacy nexus, that is, how internal strategic initiatives gain legitimacy and become part of the corporate strategy, remains underexplored. Drawing on the analysis of a longitudinal case study of the development of a sustainability initiative within a major diversified firm, we identified three core mechanisms of legitimation – seeding, energizing and prospering – that turned the concept of sustainability from an internally widely shared moral obligation into a business case. Our study contributes three distinct mechanisms that facilitate the legitimation and the integration of a strategic initiative within the corporate strategy. Moreover, we show how the sequence of legitimation mechanisms matters and highlight the inherently sequenced nature of strategic venture legitimation.
Originalsprache | Englisch |
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Zeitschrift | Journal of Management Studies |
Jahrgang | 59 |
Ausgabenummer | 2 |
Seiten (von - bis) | 417-459 |
Anzahl der Seiten | 43 |
ISSN | 0022-2380 |
DOIs | |
Publikationsstatus | Erschienen - 01.03.2022 |
- Betriebswirtschaftslehre