According to Suchman “legitimacy is a generalized perception or assumption that the actions of an entity are desirable, proper, or appropriate within some socially constructed system of norms, values, beliefs, and definitions” (Suchman, 1995, p. 574). Mathews sheds light on…
Conflation of these concepts can be a very difficult proposition though such organizational contingencies existing within its operational environment could act as a compulsion to achieve such fusion so that legitimacy becomes an institutionalized organizational goal.
Financial reporting mechanisms and the connected objectivity perspectives have been questioned by researchers and analysts on the ground that organizations present such annual financial reports with a view to legitimizing their activities in the eyes of the society. This social obligation arguably reinvigorates the existing debate on the dichotomy between the legitimacy theory and reliable financial reporting as an organizational requirement. While theoretical underpinnings of accounting and financial reporting are concerned with professional impartiality and numerical accuracy as explicitly required under IAS, legitimacy of organizational behaviour in the food sector is determined by a series of endogenous and exogenous variables ranging from industry-centric environmental factors to national and supranational regulatory compulsions. Food industry-centric environment has been subject to a revolutionary paradigm shift in quality and safety. This evolving scenario of extreme choices has invariably predicated upon the stricter legitimacy-prone standards that are being witnessed in it today.
A variety of theoretical approaches have been developed over the years to build a comprehensive framework of analysis to study an otherwise complex concept in organizational beahviour. Legitimacy theory is just one such theoretical postulate that has evolved into what’s now known as the yardstick of organizational behaviour concerning that particular aspect of its ethical responsibility to the very society in which it operates as a corporate entity. Thus the very logic of organizational behaviour hinges on the fundamental premise that organizations are bound by a universal requirement to justify and ...
Cite this document
(“LEGITIMACY THEORY Essay Example | Topics and Well Written Essays - 2000 words”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/359170-legitimacy-theory
(LEGITIMACY THEORY Essay Example | Topics and Well Written Essays - 2000 Words)
“LEGITIMACY THEORY Essay Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.net/miscellaneous/359170-legitimacy-theory.
The Effect of legitimacy theory in achieving profitability and sustainability in a corporation. The accounting profession has regarded itself as ethical sine the founding of the first modern professional body at the end of the 19th century. Ethical consideration within this profession have been improved because the ethics no longer rotate around the relationship between professional and client ,professionals and professional but also professional and society as a whole (Matwes,1995).
British Petroleum Oil Spill, 2010 Student Name Instructor’s Name Course University Date of Submission Table of Contents 1. Introduction 1.1 Discussion of concepts and theories used to analyze the case 2. The case 2.1 Context Background information about the case 2.2 Data Description of corporate disclosure vehicles chosen for analysis 2.3 Methodology Discussion of the categories of analysis used to analyze the corporate texts 3.
Commonly known as the Rome statute the law was put into force with the sole purpose of shaping up judicial legal system all over the world and provision of justice to the victims. With the enactment of the law, the international criminal court was established.
This is necessary to achieve because of the perception that the venture gains legitimacy in the eyes of its external environment thereby ensuring the success and continuity of the endeavor. Oil corporations, for example, continue to enjoy huge profits
There has been a discussion of legitimacy and especially in the context of the large body corporates in the globe. It is an issue that has been connected to the Corporate Social Responsibility issue and often the focus has had to do with the genuineness of its undertaking and the merits to the society at large.
efforts by philosophers and theorists, one can see that individuals and businesses have not been able to fulfill the ethical requirements that often result in unethical practices, disasters, public controversies, scandals, etc (Crane, 2007, pp. 19-24). In other words, business
This theory refers to certain set of philosophical perceptions on the nature of political society. Anarchists believe in the social and political life in which the state plays no important role. Some anarchist theories completely deny the legitimacy of the state while
In order to succeed, it is import for all business organizations to ensure that they are seen to be acting in a responsible manner towards planet, people and profit. The main perspective that is taken in this nation is that
6 Pages(1500 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic LEGITIMACY THEORY for FREE!