What is legitimacy theory?

Answer 1

its a social contract an organisation operates on it delivers a variety or certain social requirements in return it receives approval of its achievement's. ultimately its a guarantee for a continued existence

Answer 2

Legitimacy theory is a concept in sociology and organizational theory that suggests organizations need to maintain a legitimate image and reputation in order to gain and maintain support from society. According to this theory, organizations are expected to comply with societal norms, values, and expectations in order to be seen as legitimate and socially responsible. Organizations that are seen as legitimate are more likely to receive support from stakeholders and be able to operate successfully. Overall, legitimacy theory focuses on the importance of external legitimacy and the need for organizations to align with societal expectations.