Sustainable development and profit? A sensemaking perspective on hybrid organisations and their founders

Noelia‐Sarah Reynolds and Diane Holt

Business Strategy and the Environment, 2021, vol. 30, issue 4, 2147-2159

Abstract: This article explores the sensemaking process of the individual entrepreneurs behind hybrid organisations that seek to both initiate environmental/social change and also generate profit. The work sheds light on how founders of six such organisations set‐up initially in between 1978 and 1991 make sense of themselves and their firm and how this impacts on their business strategies. We examine the life‐stories of these individuals to illuminate their perspectives on their experiences, motives and values. We suggest that both ambition and altruism motivate individuals to become involved in these firms, echoing the paradox of firms seeking both social change and value creation. The work enhances our understanding of both sensemaking theory and success factors for hybrid organisations and strategizing more broadly.

Date: 2021
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