Regarding corporate legitimacy,

Question

Quizplus · Accepted Answer

Corporate legitimacy is about the acceptance and approval of a company's goals, values, and actions by its stakeholders and society as a whole. This acceptance is important for the company's survival and continued operation, hence the existence and form of business as an institution in our society are at stake. Micro-level legitimacy primarily emphasizes the governance issue and how a company is managed internally to gain legitimacy. Talcott Parsons did not specifically compare the legitimacy of European and North American firms. Therefore, options A and B are incorrect.

Regarding Corporate Legitimacy