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What are the lessons from nature for doing well and doing good in different environments? A hybrid perspective of microfinance and slow money
Author(s) -
Jayashankar Priyanka,
Ashta Arvind,
Rasmussen Mark
Publication year - 2018
Publication title -
strategic change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.527
H-Index - 16
eISSN - 1099-1697
pISSN - 1086-1718
DOI - 10.1002/jsc.2236
Subject(s) - perspective (graphical) , microfinance , management theory , resilience (materials science) , balance (ability) , balance theory , business , management science , process management , economics , sociology , computer science , economic growth , psychology , artificial intelligence , social science , physics , neuroscience , thermodynamics
Ten criteria derived from the evolutionary theory allow the comparison of the characteristics of hybrid organizations in India and the United States. The resulting taxonomy enables us to extrapolate management lessons based on our theory building initiative. We contribute to hybrid theory by discussing how hybrid organizations mirror nature. We extend our theoretical framework to social enterprise theory and naturological theory. Finally, we recommend strategies for hybrid organizations to enhance their resilience and balance different priorities.