Dominik Fischer holds a presentation on the topic “Value creation and appropriation in Sustainable Entrepreneurial Ecosystems” as part of his PhD thesis on Tuesday, July 25, 5:00-6:00 pm in room B.158 (TUM Think Tank – HfP). Please find more details on the abstract below.
Value creation and appropriation in Sustainable Entrepreneurial Ecosystems
Clean technologies do not only generate economic value, but also externalities in the form of environmental and social values such as a reduced carbon footprint associated with renewable energy technologies (Cumming et al., 2017; Unruh, 2000). A new understanding of value as encompassing not only economic, but environmental and social values is needed. In order to develop this new understanding of value, appropriate measures to investigate the contribution of new ventures to sustainable change need to be developed, i.e., measures for the value creation of cleantech start-ups in terms of economic and environmental, and sometimes also social, values. It is quite unclear how to measure the contribution of such new ventures to sustainable development, i.e., environmental value creation. In addition, there is a need to gain a better understanding of the underlying mechanisms through which entrepreneurs leverage their impact, or more precisely, how value appropriation of the sustainable values takes place (Schaltegger et al., 2016). This lack of suitable measures results in a shortcoming of research of the drivers of environmental value creation and appropriation. At the startup-, investor- or at the ecosystem–level, the drivers for environmental value creation and appropriation need to be investigated.