Skip to content
Submit research
Academic article

Understanding legitimacy formation in multi-goal firms: An examination of business planning practices among social enterprises

The value of business planning to new business ventures and small firms has been the subject of debate among entrepreneurship researchers. In this paper, we examine business planning practices as a function of legitimacy formation among Australian social enterprises, drawing on a mixed-methods study. We find that business planning practices are driven to establish legitimacy with external stakeholders as well as organizational performance imperatives, although legitimacy is the stronger driver. Findings also suggest business planning processes serve unique communicative and relational functions among social enterprises. This has implications for understanding legitimacy formation within multi-goal and multi-stakeholder businesses.

Related tags

  • Social entrepreneurs
  • Researchers and students



What is SEES?Submit research
© Social Innovation Evidence Portal 2020
SEE Space is designed and hosted on Indigenous lands. We pay respect to the Traditional Owners of lands across Australia, their Elders, Ancestors, cultures and heritage, and recognise the continuing sovereignities of all Aboriginal and Torres Strait Islander Nations.