For the good of the people: establishing public value creation as an objective for sustainable entrepreneurship policy
Research output: Journal contributions › Journal articles › Research › peer-review
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In: International Journal of Entrepreneurial Venturing, Vol. 16, No. 2, 08.2024, p. 242-261.
Research output: Journal contributions › Journal articles › Research › peer-review
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TY - JOUR
T1 - For the good of the people: establishing public value creation as an objective for sustainable entrepreneurship policy
AU - Corredor Jimenez, Juliane
AU - Norris, Simon
AU - Gebhardt, Leonhard
N1 - Copyright © 2024 Inderscience Enterprises Ltd.
PY - 2024/8
Y1 - 2024/8
N2 - Currently, entrepreneurship policy equates value and productivity with economic growth and innovation. However, pressing grand sustainability challenges question this notion of productivity and the types and recipients of the value entrepreneurs should create. In this conceptual article, we argue that entrepreneurship policy should be re-oriented toward a public value framework that better reflects societal goals. This article argues that public value is created when the public (i.e., everyone in society or the majority of actors that constitute it) perceives a specific shared need to be met by an entrepreneurial solution. Based on a distinction between micro-level private and macro-level public value creation, this article proposes four pathways that explain how entrepreneurs can address the needs of the public. These public value creation processes help policymakers with designing entrepreneurship policies that address grand sustainability challenges. Furthermore, sustainable entrepreneurs may orient their solutions to societal challenges according to a public value creation perspective.
AB - Currently, entrepreneurship policy equates value and productivity with economic growth and innovation. However, pressing grand sustainability challenges question this notion of productivity and the types and recipients of the value entrepreneurs should create. In this conceptual article, we argue that entrepreneurship policy should be re-oriented toward a public value framework that better reflects societal goals. This article argues that public value is created when the public (i.e., everyone in society or the majority of actors that constitute it) perceives a specific shared need to be met by an entrepreneurial solution. Based on a distinction between micro-level private and macro-level public value creation, this article proposes four pathways that explain how entrepreneurs can address the needs of the public. These public value creation processes help policymakers with designing entrepreneurship policies that address grand sustainability challenges. Furthermore, sustainable entrepreneurs may orient their solutions to societal challenges according to a public value creation perspective.
KW - Sustainability sciences, Management & Economics
KW - sustainable entrepreneurship
KW - grand challenges
KW - public policy
KW - public value
KW - entrepreneurship policy
KW - sustainable entrepreneurship
KW - grand challenges
KW - public policy
KW - public value
KW - entrepreneurship policy
UR - https://www.inderscienceonline.com/doi/epdf/10.1504/IJEV.2024.140395
U2 - 10.1504/IJEV.2024.140395
DO - 10.1504/IJEV.2024.140395
M3 - Journal articles
VL - 16
SP - 242
EP - 261
JO - International Journal of Entrepreneurial Venturing
JF - International Journal of Entrepreneurial Venturing
SN - 1742-5360
IS - 2
ER -