A Multi-Level Model of Orchestrating Grand Challenges

Abstract

This study explores hybrid organizing as a framework for addressing grand challenges by balancing profit-driven goals with sustainability through collective action. Focusing on the orchestration of collective hybridity, it examines the role of Latin American stock exchanges in fostering collaboration, managing tensions, and driving large-scale solutions. Using qualitative methods, including stakeholder interviews and document analysis, the research identifies five key aspects: orchestration activities, catalyzing engagement, brokering roles, tension management, and the pursuit of large-scale solutions. The findings demonstrate that orchestrators are essential in creating collaborative platforms, engaging stakeholders through strategic initiatives, mediating resource exchanges, employing adaptive strategies for tension management, and achieving sustainable outcomes. This work advances the understanding of hybrid organizing by emphasizing collective efforts over individual actions and providing empirical evidence of orchestrators' pivotal roles. While limited to the Latin American context, the study offers valuable insights into how hybrid organizing can contribute to addressing complex global issues, paving the way for future research in diverse settings.