Sustainable entrepreneurship in dialogue
by Nel Hofstra
Progress in Industrial Ecology, An International Journal (PIE), Vol. 4, No. 6, 2007

Abstract: The general mind-sets in economics do not fulfil the needs of a sustainable development of society. This article questions the dominant economic paradigms and transforms the stock resource allocation model based on the exploitation into the TIMES-model, a flow resource allocation model based on exploration. In the traditional resource allocation of the firm, natural resources are treated as commodities or even ignored, while labour and capital resources are overemphasised. The sustainable firm however will be confronted with changes that encompass: a change from profit thinking to value thinking; a change from exploitation to exploration; cooperation next to competition; and a shift to a new resource allocation model (the so-called TIMES-model). These transformations are fundamental in character and need other assumptions based on a sustainable worldview.

Online publication date: Thu, 20-Dec-2007

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the Progress in Industrial Ecology, An International Journal (PIE):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com