The perfect summary for Sustainable Entrepreneurship if you waited untill the last days/evening to study! Learn just these 25 pages and you will pass the exam. All lectures and corresponding papers summarized in clear manner that is easy to remember. Also includes exam example questions that you ca...
Week 1 - Sustainable Entrepreneurship: business models
and co-evolution
Hockerts, K. and Wustenhagen, R. (2010) Greening Goliaths versus Emerging Davids –
Theorizing about the role of incumbents and new entrants in sustainable entrepreneurship.
Journal of Business Venturing, 25, 481-492.
Emerging davids
⎯ Value-based approach
⎯ Externalize costs via premium pricing
⎯ Innovative and capable of disruptive innovation
Greening Goliaths
⎯ Slow to reacht but able to catch up quickly
⎯ Can follow price level established by davids
⎯ Launch venture capital funds to monitor davids
⎯ May influence standard in the industry and keep them sub-optimal to prevent high
costs or becoming obsolete.
THEY SHOULD WORK TOGETHER
,Bocken, N.M.P., Short, S.W., Rana, P. and Evans, S. (2014) A literature and practice review
to develop sustainable business model archetypes. Journal of Cleaner Production, 65, 42-56.
→ The solution is business model innovation via reconceptualizing (fundamental shift):
⎯ Purpose of the firm
⎯ Value creating logic
⎯ Rethinking perceptions of value
Future sustainable economy requires new goals:
⎯ encourages minimizing consumption
⎯ prioritizes societal and
environmental benefits over
economic growth
⎯ emphasizes the delivery of
functionality rather than product
ownership
⎯ operates on a closed-loop where
nothing is allowed to be wasted
Triple-bottom line
Archetypes (MSCDEARD) – Change in:
⎯ value proposition
⎯ value creation and delivery
⎯ value capture
3 types of strategy business models:
⎯ Defensive: protect current business model
⎯ Accomodative: improvement/integration of business processes that help environment
⎯ Proactive: redesign of core business logic
BUT: TBLBMS = wider range of stakeholders
, Week 2 - Sustainable Entrepreneurship: the circular
economy
Kirchherr, J., Reike, D., and Hekkert, M. (2017) Conceptualizing the circular economy: an
analysis of 114 definitions. Resources, Conservation & Recycling, 127, 221-232.
→ analysis of different definitions of circular economy: previously, economic value was
deemed the most important (NOT TRUE)
Overarching conceptualization of all circular economy definitions: the 9R model
Reduce is often forgotten about as this can mean slowing down consumption → decrease in
economic growth
Ellen MacArthur Foundation: circular economy.
→ has provided most prominent circular economy definition:
3 principles:
⎯ Preserve and enhance natural capital by controlling finite stocks and balancing
renewable resource flows
⎯ Optimize resource yields by circulating products, components and materials in use at
highest utility at all times in both technical and biological cycles.
⎯ Foster system effectiveness by revealing and designing out negative externalities
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller StanA1906. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $28.58. You're not tied to anything after your purchase.
