Abstract
We propose to use critical realism as the basis for ontology and epistemology in entrepreneurship research. Further, we argue that the teleology of entrepreneurship is value creation. Based on these assumptions we propose that an essential part of the entrepreneurial process is the creation of a business model that shows conceptually how the value will be created. This model can be categorized in three different categories along with the value system continuum: stable value system, redefined value system and emerging value system. We propose an entrepreneurial value creation framework that describes elements that are essential to the value creation.
| Original language | English |
|---|---|
| Title of host publication | Proceedings of the 18th Annual High Technology Small Firms Conference and Doctoral Workshop 2010 |
| Editors | Gloria Rossini |
| Place of Publication | Enschede |
| Publisher | University of Twente |
| Number of pages | 19 |
| ISBN (Print) | 9789036530316 |
| Publication status | Published - 2010 |
| Externally published | Yes |
| Event | 18th Annual High Technology Small Firms Conference, HTSF 2010 - University of Twente, Enschede, Netherlands Duration: 27 May 2010 → 28 May 2010 Conference number: 18 |
Conference
| Conference | 18th Annual High Technology Small Firms Conference, HTSF 2010 |
|---|---|
| Abbreviated title | HTSF |
| Country/Territory | Netherlands |
| City | Enschede |
| Period | 27/05/10 → 28/05/10 |