@article {1209, title = {Alliances in Financial Ecosystems: A Source of Organizational Legitimacy for Fintech Startups and Incumbents}, journal = {Technology Innovation Management Review}, volume = {9}, year = {2019}, month = {01/2019}, pages = {20-32}, publisher = {Talent First Network}, address = {Ottawa}, abstract = {Financial ecosystems are transforming around new financial technology, or {\textquotedblleft}fintech{\textquotedblright}. As such ecosystems transform, the basis for being seen as legitimate also changes for all actors. Thus, alliances between actors within financial ecosystems are increasingly formed to help gain, maintain, and repair organizational legitimacy. From interviews with fintech startups in Sweden and with venture capitalist firms investing in fintech startups in Sweden, we explore the intertwined quests for organizational legitimacy in a transforming financial ecosystem. As Swedish fintech startups seek to establish a sense of their legitimacy, simultaneously incumbents seek to maintain and repair their organizational legitimacy. Adopting a legitimacy-based view of strategic alliances, we set out the aspects of organizational legitimacy that incumbents and fintech startups look for in a potential partner and how these aspects meet the legitimacy needs of each partner. We argue that alliances further enhance the organizational legitimacy of both fintech startups and incumbents.}, keywords = {financial ecosystems, fintech startups, organizational legitimacy, relational perspective, strategic alliances}, issn = {1927-0321}, doi = {http://doi.org/10.22215/timreview/1209}, url = {https://timreview.ca/article/1209}, author = {Christopher Svensson and Jakob Udesen and Jane Webb} } @article {798, title = {Editorial: Opportunities and Capabilities (June 2014)}, journal = {Technology Innovation Management Review}, volume = {4}, year = {2014}, month = {06/2014}, pages = {3}, publisher = {Talent First Network}, address = {Ottawa}, keywords = {capabilities, entrepreneurship, innovation, IT capabilities, IT function, mobile services, opportunities, organizational legitimacy, patent citations, patent value, professional services, service innovation, strategy}, issn = {1927-0321}, doi = {http://doi.org/10.22215/timreview/798}, url = {http://timreview.ca/article/798}, author = {Chris McPhee} } @article {801, title = {Resolving Legitimacy Deficits in Technology Startups through Professional Services Practices}, journal = {Technology Innovation Management Review}, volume = {4}, year = {2014}, month = {06/2014}, pages = {22-27}, publisher = {Talent First Network}, address = {Ottawa}, abstract = {As new ventures, technology startups face a key challenge that is specifically associated with their young age: a perceived lack of organizational legitimacy. Organizational legitimacy is an important factor in the growth and survival of new ventures and is therefore an important issue for managers and entrepreneurs to address. Although there are many different typologies for defining types of organizational legitimacy, this article argues that technology startups should focus on developing external pragmatic legitimacy as a means of acquiring the resources required to grow and thrive. However, despite the many ways by which an organization can develop external pragmatic legitimacy, few are well suited to technology startups. Based on a review of the different types of organizational legitimacy and an assessment of their applicability to the context of technology startups, this article recommends that technology entrepreneurs should consider the creation of professional services practices to help develop external pragmatic legitimacy and overcome the {\textquotedblleft}liability of newness{\textquotedblright}. }, keywords = {entrepreneurship, impression of viability, legitimacy, new ventures, operational verification, organizational legitimacy, pragmatic legitimacy, pragmatic validation, professional services, technology startups, viability}, issn = {1927-0321}, doi = {http://doi.org/10.22215/timreview/801}, url = {http://timreview.ca/article/801}, author = {Jay Payette} }