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Sustainable Entrepreneurship - A qualitative study on the internal and external factors influencing founders when shaping their sustainable new venture

Josten, Timo LU and Kapitza, Sebastian Florian LU (2023) ENTN19 20231
Department of Business Administration
Abstract
The field of entrepreneurship is widely regarded as a primary catalyst for addressing fundamental environmental and social issues. This study investigates the internal motivations of entrepreneurs leading to sustainable venture creation and highlights the external influences on the business model and its innovation. Based on in-depth interviews with founders of sustainable ventures, the research shows a complex interplay of intrinsic and altruistic motivation, prior knowledge, and external influences such as regulation and stakeholder expectations. Key findings highlight that the entrepreneurs' internal motivations often serve as the base for the initial business model forming, while business model innovation is largely driven by external... (More)
The field of entrepreneurship is widely regarded as a primary catalyst for addressing fundamental environmental and social issues. This study investigates the internal motivations of entrepreneurs leading to sustainable venture creation and highlights the external influences on the business model and its innovation. Based on in-depth interviews with founders of sustainable ventures, the research shows a complex interplay of intrinsic and altruistic motivation, prior knowledge, and external influences such as regulation and stakeholder expectations. Key findings highlight that the entrepreneurs' internal motivations often serve as the base for the initial business model forming, while business model innovation is largely driven by external factors. The study further reveals that sustainable ventures face challenges in achieving a balance between environmental, economic, and social layers. By shedding light on these dynamics, the research contributes to the theoretical refinement of sustainable entrepreneurship, offering valuable insights for researchers. Furthermore, the study underscores the importance of continuous business model innovation and the balance of internal and external factors in the journey towards sustainable entrepreneurship. (Less)
Please use this url to cite or link to this publication:
author
Josten, Timo LU and Kapitza, Sebastian Florian LU
supervisor
organization
course
ENTN19 20231
year
type
H1 - Master's Degree (One Year)
subject
keywords
Sustainable Entrepreneurship, Entrepreneurial Traits, Business Model, Business Model Innovation, Sustainable Business Model, Sustainable Business Model Innovation, Entrepreneurial Drivers (for sustainability), Stakeholder, New Venture
language
English
id
9126157
date added to LUP
2023-06-19 10:29:17
date last changed
2023-06-19 10:29:17
@misc{9126157,
  abstract     = {{The field of entrepreneurship is widely regarded as a primary catalyst for addressing fundamental environmental and social issues. This study investigates the internal motivations of entrepreneurs leading to sustainable venture creation and highlights the external influences on the business model and its innovation. Based on in-depth interviews with founders of sustainable ventures, the research shows a complex interplay of intrinsic and altruistic motivation, prior knowledge, and external influences such as regulation and stakeholder expectations. Key findings highlight that the entrepreneurs' internal motivations often serve as the base for the initial business model forming, while business model innovation is largely driven by external factors. The study further reveals that sustainable ventures face challenges in achieving a balance between environmental, economic, and social layers. By shedding light on these dynamics, the research contributes to the theoretical refinement of sustainable entrepreneurship, offering valuable insights for researchers. Furthermore, the study underscores the importance of continuous business model innovation and the balance of internal and external factors in the journey towards sustainable entrepreneurship.}},
  author       = {{Josten, Timo and Kapitza, Sebastian Florian}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Sustainable Entrepreneurship - A qualitative study on the internal and external factors influencing founders when shaping their sustainable new venture}},
  year         = {{2023}},
}