Concept information
Preferred term
performance and legitimacy
Definition
- New venture performance is often assessed by the successful accomplishment of important milestones such as first sale, breakeven point, or first profitable operating period. Such performance metrics are all linked to the idea of legitimacy in that, once a firm has reached these milestones, the venture has established itself and will maintain successful operations for at least the near term. [Source: Encyclopedia of New Venture Management; Performance and Legitimacy]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/performance_and_legitimacy
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