IDEAS home Printed from https://ideas.repec.org/a/bla/bstrat/v31y2022i7p2947-2963.html
   My bibliography  Save this article

The bioeconomy transformation as an external enabler of sustainable entrepreneurship

Author

Listed:
  • Sebastian Hinderer
  • Andreas Kuckertz

Abstract

Bioeconomy strategies worldwide emphasize the importance of entrepreneurship in the transformation toward a sustainable and circular bioeconomy. However, the bioeconomy transformation itself also offers great opportunities for creating new ventures. Based on interviews with bioeconomy entrepreneurs from six European countries, we investigate how entrepreneurial opportunities emerge in the bioeconomy context and what competencies entrepreneurs need to act on them. By conceptualizing the bioeconomy transformation as an external enabler of entrepreneurial activity, we open new avenues for research on sustainable development and innovation policy. We conceptualize sustainable entrepreneurship as a phenomenon that can be enabled externally via the transformation toward sustainable development. Furthermore, we show that new venture creation in the bioeconomy requires unique knowledge (transformative knowledge) and specific competencies (sustainable valorization of biomass, marketing of biobased products, and management of limited resources).

Suggested Citation

  • Sebastian Hinderer & Andreas Kuckertz, 2022. "The bioeconomy transformation as an external enabler of sustainable entrepreneurship," Business Strategy and the Environment, Wiley Blackwell, vol. 31(7), pages 2947-2963, November.
    • Handle: RePEc:bla:bstrat:v:31:y:2022:i:7:p:2947-2963
    DOI: 10.1002/bse.3056
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/bse.3056
    Download Restriction: no
    File URL: https://libkey.io/10.1002/bse.3056?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Hockerts, Kai & Wüstenhagen, Rolf, 2010. "Greening Goliaths versus emerging Davids -- Theorizing about the role of incumbents and new entrants in sustainable entrepreneurship," Journal of Business Venturing, Elsevier, vol. 25(5), pages 481-492, September.
    2. Mariana Mazzucato, 2018. "Mission-oriented innovation policies: challenges and opportunities," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 27(5), pages 803-815.
    3. Stefan Schaltegger & Markus Beckmann & Kai Hockerts, 2018. "Sustainable entrepreneurship: creating environmental solutions in light of planetary boundaries," International Journal of Entrepreneurial Venturing, Inderscience Enterprises Ltd, vol. 10(1), pages 1-16.
    4. Cohen, Boyd & Winn, Monika I., 2007. "Market imperfections, opportunity and sustainable entrepreneurship," Journal of Business Venturing, Elsevier, vol. 22(1), pages 29-49, January.
    5. Wendy Stubbs, 2017. "Sustainable Entrepreneurship and B Corps," Business Strategy and the Environment, Wiley Blackwell, vol. 26(3), pages 331-344, March.
    6. Laibach, Natalie & Börner, Jan & Bröring, Stefanie, 2019. "Exploring the future of the bioeconomy: An expert-based scoping study examining key enabling technology fields with potential to foster the transition toward a bio-based economy," Technology in Society, Elsevier, vol. 58(C).
    7. Mariana Mazzucato, 2016. "From market fixing to market-creating: a new framework for innovation policy," Industry and Innovation, Taylor & Francis Journals, vol. 23(2), pages 140-156, February.
    8. Vivien, F.-D. & Nieddu, M. & Befort, N. & Debref, R. & Giampietro, M., 2019. "The Hijacking of the Bioeconomy," Ecological Economics, Elsevier, vol. 159(C), pages 189-197.
    9. René Bohnsack & Ans Kolk & Jonatan Pinkse & Christina M. Bidmon, 2020. "Driving the electric bandwagon: The dynamics of incumbents' sustainable innovation," Business Strategy and the Environment, Wiley Blackwell, vol. 29(2), pages 727-743, February.
    10. Febi Jensen & Hans Lööf & Andreas Stephan, 2020. "New ventures in Cleantech: Opportunities, capabilities and innovation outcomes," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 902-917, March.
    11. Friederike Welter, 2011. "Contextualizing Entrepreneurship—Conceptual Challenges and Ways Forward," Entrepreneurship Theory and Practice, , vol. 35(1), pages 165-184, January.
    12. Albert Jolink & Eva Niesten, 2015. "Sustainable Development and Business Models of Entrepreneurs in the Organic Food Industry," Business Strategy and the Environment, Wiley Blackwell, vol. 24(6), pages 386-401, September.
    13. Matthew P. Johnson & Stefan Schaltegger, 2020. "Entrepreneurship for Sustainable Development: A Review and Multilevel Causal Mechanism Framework," Entrepreneurship Theory and Practice, , vol. 44(6), pages 1141-1173, November.
    14. Pablo Muñoz & Boyd Cohen, 2018. "Sustainable Entrepreneurship Research: Taking Stock and looking ahead," Business Strategy and the Environment, Wiley Blackwell, vol. 27(3), pages 300-322, March.
    15. Wensing, Joana & Baum, Chad & Carraresi, Laura & Bröring, Stefanie, 2021. "What if consumers saw the bigger picture? Systems thinking and the adoption of bio-based consumer products," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 94(C).
    16. Viaggi, Davide, 2015. "Research and innovation in agriculture: beyond productivity?," Bio-based and Applied Economics Journal, Italian Association of Agricultural and Applied Economics (AIEAA), vol. 4(3), pages 1-22, December.
    17. Andreas Kuckertz, 2020. "Bioeconomy Transformation Strategies Worldwide Require Stronger Focus on Entrepreneurship," Sustainability, MDPI, vol. 12(7), pages 1-8, April.
    18. Audley Genus, 2021. "Sustainable entrepreneurship research in the 2020s: An introduction," Business Strategy and the Environment, Wiley Blackwell, vol. 30(3), pages 1419-1422, March.
    19. Frank Martin Belz & Julia Katharina Binder, 2017. "Sustainable Entrepreneurship: A Convergent Process Model," Business Strategy and the Environment, Wiley Blackwell, vol. 26(1), pages 1-17, January.
    20. D'Amato, Dalia & Veijonaho, Simo & Toppinen, Anne, 2020. "Towards sustainability? Forest-based circular bioeconomy business models in Finnish SMEs," Forest Policy and Economics, Elsevier, vol. 110(C).
    21. Fokko J. Eller & Michael M. Gielnik & Hendrik Wimmer & Corinna Thölke & Sara Holzapfel & Silke Tegtmeier & Jantje Halberstadt, 2020. "Identifying business opportunities for sustainable development: Longitudinal and experimental evidence contributing to the field of sustainable entrepreneurship," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 1387-1403, March.
    22. Sebastian Hinderer & Leif Brändle & Andreas Kuckertz, 2021. "Transition to a Sustainable Bioeconomy," Sustainability, MDPI, vol. 13(15), pages 1-16, July.
    23. Sophie Urmetzer & Michael P. Schlaile & Kristina B. Bogner & Matthias Mueller & Andreas Pyka, 2018. "Exploring the Dedicated Knowledge Base of a Transformation towards a Sustainable Bioeconomy," Sustainability, MDPI, vol. 10(6), pages 1-22, May.
    24. Tamsin Foucrier & Arnim Wiek, 2019. "A Process-Oriented Framework of Competencies for Sustainability Entrepreneurship," Sustainability, MDPI, vol. 11(24), pages 1-18, December.
    25. Swinda F. Pfau & Janneke E. Hagens & Ben Dankbaar & Antoine J. M. Smits, 2014. "Visions of Sustainability in Bioeconomy Research," Sustainability, MDPI, vol. 6(3), pages 1-28, March.
    26. Ana Margarida Esteves & Audley Genus & Thomas Henfrey & Gil Penha‐Lopes & May East, 2021. "Sustainable entrepreneurship and the Sustainable Development Goals: Community‐led initiatives, the social solidarity economy and commons ecologies," Business Strategy and the Environment, Wiley Blackwell, vol. 30(3), pages 1423-1435, March.
    27. Stefan Schaltegger & Marcus Wagner, 2011. "Sustainable entrepreneurship and sustainability innovation: categories and interactions," Business Strategy and the Environment, Wiley Blackwell, vol. 20(4), pages 222-237, May.
    28. Markus M. Bugge & Teis Hansen & Antje Klitkou, 2016. "What Is the Bioeconomy? A Review of the Literature," Sustainability, MDPI, vol. 8(7), pages 1-22, July.
    29. Maria Urbaniec & Mariusz Sołtysik & Anna Prusak & Konrad Kułakowski & Magdalena Wojnarowska, 2022. "Fostering sustainable entrepreneurship by business strategies: An explorative approach in the bioeconomy," Business Strategy and the Environment, Wiley Blackwell, vol. 31(1), pages 251-267, January.
    30. Padmaja Argade & Fanny Salignac & Ralf Barkemeyer, 2021. "Opportunity identification for sustainable entrepreneurship: Exploring the interplay of individual and context level factors in India," Business Strategy and the Environment, Wiley Blackwell, vol. 30(8), pages 3528-3551, December.
    31. Davidsson, Per, 2015. "Entrepreneurial opportunities and the entrepreneurship nexus: A re-conceptualization," Journal of Business Venturing, Elsevier, vol. 30(5), pages 674-695.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Christina-Ioanna Papadopoulou & Efstratios Loizou & Fotios Chatzitheodoridis, 2022. "Priorities in Bioeconomy Strategies: A Systematic Literature Review," Energies, MDPI, vol. 15(19), pages 1-15, October.
    2. Giurca, Alexandru & Befort, Nicolas, 2023. "Deconstructing substitution narratives: The case of bioeconomy innovations from the forest-based sector," Ecological Economics, Elsevier, vol. 207(C).
    3. Davidsson, Per & Sufyan, Muhammad, 2023. "What does AI think of AI as an external enabler (EE) of entrepreneurship? An assessment through and of the EE framework," Journal of Business Venturing Insights, Elsevier, vol. 20(C).
    4. Agata Niemczyk & Zofia Gródek-Szostak & Donata Adler & Michał Niewiadomski & Eva Benková, 2023. "Green Entrepreneurship: Knowledge and Perception of Students and Professionals from Poland and Slovakia," Sustainability, MDPI, vol. 16(1), pages 1-24, December.
    5. Per Davidsson, 2023. "Making contributions: personal reflections from the co-creative evolution of entrepreneurship research," Small Business Economics, Springer, vol. 61(4), pages 1391-1410, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Matthew P. Johnson & Jacob Hörisch, 2022. "Reinforcing or counterproductive behaviors for sustainable entrepreneurship? The influence of causation and effectuation on sustainability orientation," Business Strategy and the Environment, Wiley Blackwell, vol. 31(3), pages 908-920, March.
    2. Aikaterini Argyrou & Nicolas Chevrollier & Andre Nijhof, 2023. "The versatile role of sustainable market entrepreneurs in market transformation: An intervention framework for institutional change," Business Strategy and the Environment, Wiley Blackwell, vol. 32(1), pages 259-273, January.
    3. Matthew P. Johnson & Stefan Schaltegger, 2020. "Entrepreneurship for Sustainable Development: A Review and Multilevel Causal Mechanism Framework," Entrepreneurship Theory and Practice, , vol. 44(6), pages 1141-1173, November.
    4. Francesca Ricciardi & Cecilia Rossignoli & Alessandro Zardini, 2021. "Grand challenges and entrepreneurship: Emerging issues, research streams, and theoretical landscape," International Entrepreneurship and Management Journal, Springer, vol. 17(4), pages 1673-1705, December.
    5. Hellen Lillian Atieno Dawo & Thomas B. Long & Gjalt de Jong, 2023. "Sustainable entrepreneurship and legitimacy building in protected areas: Overcoming distinctive barriers through activism," Business Strategy and the Environment, Wiley Blackwell, vol. 32(1), pages 72-95, January.
    6. Matthias Filser & Sascha Kraus & Norat Roig-Tierno & Norbert Kailer & Ulrike Fischer, 2019. "Entrepreneurship as Catalyst for Sustainable Development: Opening the Black Box," Sustainability, MDPI, vol. 11(16), pages 1-18, August.
    7. Jip Leendertse & Frank J. van Rijnsoever & Chris P. Eveleens, 2021. "The sustainable start‐up paradox: Predicting the business and climate performance of start‐ups," Business Strategy and the Environment, Wiley Blackwell, vol. 30(2), pages 1019-1036, February.
    8. Maria Urbaniec & Mariusz Sołtysik & Anna Prusak & Konrad Kułakowski & Magdalena Wojnarowska, 2022. "Fostering sustainable entrepreneurship by business strategies: An explorative approach in the bioeconomy," Business Strategy and the Environment, Wiley Blackwell, vol. 31(1), pages 251-267, January.
    9. Patrick Gregori & Patrick Holzmann, 2022. "Entrepreneurial practices and the constitution of environmental value for sustainability," Business Strategy and the Environment, Wiley Blackwell, vol. 31(7), pages 3302-3317, November.
    10. Sanjay Chaudhary & Puneet Kaur & Hind Alofaysan & Jantje Halberstadt & Amandeep Dhir, 2023. "Connecting the dots? Entrepreneurial ecosystems and sustainable entrepreneurship as pathways to sustainability," Business Strategy and the Environment, Wiley Blackwell, vol. 32(8), pages 5935-5951, December.
    11. Pablo Muñoz & Boyd Cohen, 2018. "Sustainable Entrepreneurship Research: Taking Stock and looking ahead," Business Strategy and the Environment, Wiley Blackwell, vol. 27(3), pages 300-322, March.
    12. Presley K. Wesseh & Boqiang Lin & Yixuan Zhang & Preslyn Sharon Wesseh, 2024. "Sustainable entrepreneurship: When does environmental compliance improve corporate performance?," Business Strategy and the Environment, Wiley Blackwell, vol. 33(4), pages 3203-3221, May.
    13. Kouam, Jean & Asongu, Simplice, 2022. "Effects of Taxation on Social Innovation and Implications for Achieving Sustainable Development Goals in Developing Countries: A Literature Review," MPRA Paper 114061, University Library of Munich, Germany.
    14. Torbjörn Ljungkvist & Jim Andersén, 2021. "A taxonomy of ecopreneurship in small manufacturing firms: A multidimensional cluster analysis," Business Strategy and the Environment, Wiley Blackwell, vol. 30(2), pages 1374-1388, February.
    15. Denise Fischer & Malte Brettel & René Mauer, 2020. "The Three Dimensions of Sustainability: A Delicate Balancing Act for Entrepreneurs Made More Complex by Stakeholder Expectations," Journal of Business Ethics, Springer, vol. 163(1), pages 87-106, April.
    16. Brandon H. Lee & Panayiotis Panikos Georgallis & Jeroen Struben, 2022. "Sustainable entrepreneurship under market uncertainty," Post-Print hal-04325583, HAL.
    17. Sebastian Hinderer & Leif Brändle & Andreas Kuckertz, 2021. "Transition to a Sustainable Bioeconomy," Sustainability, MDPI, vol. 13(15), pages 1-16, July.
    18. Jean C. Kouam & Simplice A. Asongu & Bin J. Meh & Robert Nantchouang & Fri L. Asanga & Denis Foretia, 2024. "Duration of Support and Financial Health of Business Support Structures in Burkina Faso, Cameroon, and Ghana: A Micro-Econometric Analysis," Journal of African Business, Taylor & Francis Journals, vol. 25(4), pages 728-746, October.
    19. Yasmin Olteanu & Klaus Fichter, 2022. "Startups as sustainability transformers: A new empirically derived taxonomy and its policy implications," Business Strategy and the Environment, Wiley Blackwell, vol. 31(7), pages 3083-3099, November.
    20. Theodore Tarnanidis & Jason Papathanasiou & Demetres Subeniotis, 2019. "How Far the TBL Concept of Sustainable Entrepreneurship Extends Beyond the Various Sustainability Regulations: Can Greek Food Manufacturing Enterprises Sustain Their Hybrid Nature Over Time?," Journal of Business Ethics, Springer, vol. 154(3), pages 829-846, February.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:bstrat:v:31:y:2022:i:7:p:2947-2963. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1099-0836 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.