“A must-read for scholars (and reflective practitioners) interested in change, time, strategy, and innovation.” -Haridimos Tsoukas, Columbia Ship Management Professor of Strategic Management, University of Cyprus, and Distinguished Research Environment Professor of Organization Studies,...

Agafonow's article locates the role of social enterprises in devolving value through output maximizing behavior. This short paper embeds Agafonow's argument in the societal and institutional context by building upon Luhmann's social systems theory. According to Luhmann, the functional system of...