| Title | Exploring Value Creation in Sustainable Entrepreneurship: Insights from the Institutional Logics Perspective and the Business Model Lens |
|---|---|
| ID_Doc | 33902 |
| Authors | Gregori, P; Wdowiak, MA; Schwarz, EJ; Holzmann, P |
| Title | Exploring Value Creation in Sustainable Entrepreneurship: Insights from the Institutional Logics Perspective and the Business Model Lens |
| Year | 2019 |
| Published | Sustainability, 11, 9 |
| Abstract | Sustainable entrepreneurs intend to create environmental and social value while they build their financially viable business. With this in mind, they are embedded in multiple institutionalized value systems (i.e., institutional logics) that provide them with different, often contradictory values, beliefs, and guiding principles. Adhering to these value systems and integrating multiple forms of value into a coherent business model is a key task for sustainable entrepreneurs, yet current efforts lack insight into how this can be achieved. To address this, the article utilizes the institutional logic perspective in conjunction with the componential approach to business models. By analyzing a longitudinal in-depth case study, this article develops a novel theoretical model linking shifts in the entrepreneur's perception of institutional logic to business model alterations, and emphasizes the underlying mechanisms and behavior of the sustainable entrepreneur. Sustainable entrepreneurs integrate and blend institutional logic through multiple business model transitions, which are characterized by a personal reorientation of the entrepreneur and new practices to implement change. Furthermore, our findings show that the entrepreneur's habitus, the pre-change business model, and the change-specific dominant logic are integral and previously overlooked concepts that contextualize their business model transition. The findings and discussion advance the theoretical and practical understanding of the processes through which sustainable entrepreneurs integrate multiple forms of value into their business models. With that, the article contributes to research on sustainable entrepreneurship, institutional logic and business models. |
Similar Articles
| ID | Score | Article |
|---|---|---|
33848
|
Gregori, P; Holzmann, P Digital sustainable entrepreneurship: A business model perspective on embedding digital technologies for social and environmental value creation(2020) | |
| 33894
|
Koistinen, K; Laukkanen, M; Mikkilä, M; Huiskonen, J; Linnanen, L Sustainable System Value Creation: Development of Preliminary Frameworks for a Business Model Change Within a Systemic Transition Process(2018) | |
| 78255
|
Proka, A; Beers, PJ; Loorbach, D Transformative Business Models for Sustainability Transitions(2018) | |
| 34111
|
Peralta, A; Gismera, L Sustainable business model innovation and ethics: a conceptual review from the institutional theory addressing (un)sustainability(2021)International Journal Of Innovation And Sustainable Development, 15, 4 | |
| 25102
|
Nunes, AKD; Morioka, SN; Bolis, I Challenges of business models for sustainability in startups(2022)Rausp Management Journal, 57, 4 | |
| 65513
|
Argyrou, A; Chevrollier, N; Nijhof, A The versatile role of sustainable market entrepreneurs in market transformation: An intervention framework for institutional change(2023)Business Strategy And The Environment, 32.0, 1 | |
| 34548
|
Olesson, E; Nenonen, S; Newth, J Enablers and Barriers: The Conflicting Role of Institutional Logics in Business Model Change for Sustainability(2023)Organization & Environment, 36, 2 | |
| 34087
|
Langford, G; Langford, T Building a Sustainable Business Model through Technology Fntrepreneurship: An Analysis of Business Models from a System and a System of Systems Perspective(2019) | |
| 78381
|
Gasbarro, F; Rizzi, F; Frey, M Sustainable institutional entrepreneurship in practice: Insights from SMEs in the clean energy sector in Tuscany (Italy)(2018)International Journal Of Entrepreneurial Behaviour & Research, 24, 2 | |
| 24136
|
Hernández-Chea, R; Jain, A; Bocken, NMP; Gurtoo, A The Business Model in Sustainability Transitions: A Conceptualization(2021)Sustainability, 13, 11 |