Which of the following theories proposes that an organization must gain legitimacy in the eyes of stakeholders in order to grow and survive?

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Institutional theory proposes that organizations must gain legitimacy in the eyes of stakeholders in order to survive and grow. Legitimacy is achieved by conforming to societal norms, values, and expectations. Organizations that fail to gain legitimacy may struggle to survive in the long run. Greiner's theory focuses on the stages of growth within an organization, while population ecology theory focuses on the survival of the fittest organizations in a competitive environment. Contingency theory proposes that the effectiveness of an organizational structure or strategy is contingent upon various factors, such as the external environment and internal resources.

Which of the Following Theories Proposes That an Organization Must