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Sustainable Development and Profit? - A Sensemaking Perspective on Hybrid Organisations and their Founders

Reynolds, Noelia-Sarah and Holt, Diane (2021) 'Sustainable Development and Profit? - A Sensemaking Perspective on Hybrid Organisations and their Founders.' Business Strategy and the Environment. ISSN 0964-4733

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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 1978-1991 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 motivates 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.

Item Type: Article
Uncontrolled Keywords: Strategy, hybrids, sensemaking, ecopreneurs, sustainable development
Divisions: Faculty of Social Sciences > Essex Business School
Depositing User: Elements
Date Deposited: 25 Jan 2021 08:13
Last Modified: 25 Jan 2021 08:13
URI: http://repository.essex.ac.uk/id/eprint/29521

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