Legitimacy

John Morrison

Chapter Chapter 4 in The Social License, 2014, pp 41-61 from Palgrave Macmillan

Abstract: Abstract As already observed, it is much easier for an organization to see when it does not have social license for a specific activity than when it does. These next three chapters explore three concepts: legitimacy, trust, and consent, which are, in my view at least, prerequisites for any discussion about whether an activity has social license or not. They are preconditions in a definitional sense. As no organization can award itself a social license for an activity, it comes by understanding the activity’s relationship with the pre-existing social contract, then it must hold true that both the organization and activity in question are sufficiently legitimate, are trusted enough, and that the communities and/or wider population in question have consented to the said activity.

Keywords: Supply Chain; Corporate Governance; Transfer Price; Global Supply Chain; Organizational Legitimacy (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-37072-3_4

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DOI: 10.1057/9781137370723_4

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