Lecture 2 - articles

Question 1

Give an example of use value & exchange value as proposed by Lepak et al., (2007).

Answer 1

Use value: if you have a new phone its use value includes how well it performs, its battery life, etc

Exchange value: if you sell your new phone, the exchange value is the price someone is willing to pay for it

Question 2

What are the two possible ways to conceptualize the process of value creation, according to Lepak et al., (2007)?

Answer 2

1) A single universal conceptualization
2) A contingency perspective

Question 3

What do Hlady‐Rispal, (2018) investigate?

Answer 3

The authors research how value is created, captured, and shared in social entrepreneurship. -> Propose a framework to better understand the social value creation process

Question 4

What do Hlady‐Rispal, (2018) suggest about the social value proposition?

Answer 4

It drives value generation, capture, and sharing, distinguishing SE from traditional business models.

Question 5

What do Hlady‐Rispal, (2018) suggest about value generation?

Answer 5

They discuss how value creation in social entrepreneurship connects ventures with their ecosystems.

Question 6

Which challenges do Hlady‐Rispal, (2018) highlight regarding value creation?

Answer 6

Balancing resources, maintaining social missions, managing investor expectations, and internal staffing decisions.