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Research on entrepreneurial ecosystems has consolidated over the past decades. This study ventures beyond traditional analyses that primarily focus on quantitative outcomes to investigate the foundational processes that can facilitate a range of socio-economic advantages. Recognizing a gap in the existing literature, which often correlates input factors with anticipated benefits yet struggles to unearth underlying mechanisms, our research offers a novel perspective through applying a network-centric service ecosystem lens grounded in a service-dominant logic. Utilizing a qualitative approach based on pragmatic abduction, 16 narrative interviews explored the experiences and perspectives of multiple entrepreneurial actors within a privately governed Spanish ecosystem. Findings present a conceptual model that bridges emphasis between structure and outcomes with those of agency and strategy. Plain English Summary Entrepreneurial ecosystems are interactive hubs where entrepreneurs and various other business-related players collaborate in helping to create new companies and jobs in our communities. Traditionally, entrepreneurial ecosystem success is measured by looking at the number and growth rate of new startups. But is this the complete picture? In our study, we went deeper trying to understand not just what makes these ecosystems successful (like creating new startups), but also how they manage to do it. By interviewing 16 entrepreneurial ecosystem members in a privately governed Spanish ecosystem, we unraveled the processes and mechanics that help new businesses emerge and thrive. The key implication of this study is the recognition that the entrepreneurial ecosystem is composed of multiple actors who exchange services in search of multiple valued outcomes.

The objective of the research was to identify the values that indigenous coffee peasant households live and analyse why organized indigenous peasant households continue to produce organic and fair-trade coffee despite the cyclical problems and economic challenges. This research is based on a qualitative approach using participant observation with field notes; mixed interviews such as in-depth semi-structured interviews with a dialogical approach; images; and social cartography to identify symbolism. The results show the values that peasant families live by and the reasons for continuing and preserving organic coffee cultivation in the Tzeltal coffee-growing region of Chiapas: symbolic and intangible values such as the value of legacy, the coffee-growing tradition, the eternal rest of family members in the coffee plantation, the hedonic values in the management of the coffee agroecosystem and love for the land, as well as collective work. In addition, the tangible values of use and exchange were identified for the annual economic income represented by the collective sale of the crop. These values, as part of the socio-cultural component in coffee production, are a central axis in the agroecological transition because they strengthen the principles of agroecology.

Purpose According to the Ministry of Tourism and Creative Economy, there are 7,275 indigenous tourism enterprises in Indonesia. However, only 0.5% of these are certified as a sustainable tourism village. One of them is the Karangrejo village in Borobudur, Indonesia. This village is able to sustain their enterprise, which is a unique and rare context. This study aims to address this gap by examining the sense of place value created from the collaboration between actors, mapping the actors and their resources who have crucial roles in indigenous tourism enterprise, and examining the relations between actors, mapping the characteristics and efforts made by the indigenous tourism enterprise. The novelty of this research is the unique context that it takes place, and the use of comprehensive theoretical perspectives combining architecture, sociological social psychology and marketing/business theories in tourism context, which is uncommon for research in this area. Design/methodology/approach Participants in this study were 17 individuals, comprising Village Chief, accompanying state-owned enterprises, tourists, owners of micro, small and medium enterprises, village economic center manager and village-owned enterprises manager. Data were collected from interviews and field recordings using purposive sampling technique. The study design was a case study. The data were coded in two steps: first cycle and second cycle coding. Member checking with research participants was conducted to ensure data credibility. Findings This study revealed several novel findings. First, sense of place value was not merely perceived as material and nonmaterial components, but also as networks between actors that were involved in creating such components within (value) exchange framework. Second, the actors involved in the exchange were provider actor, external supporter actor, internal supporter actor, collaborator actor and consumer actor. Each of these actors owned one or a combination of material and nonmaterial values that are exchangeable. Mapping of the actors involved was discussed using a combined perspective of consumer-centric and balanced network. Third, exchange relations that occurred between actors could be balanced or imbalanced, depending on the amount of resource owned by each actor. Nonetheless, imbalanced relations because of discrepancies in the value contributions could still have positive impact because it was motivated by the intention to help others. Fourth, this study identified the importance of having characteristics as resource integrator/gatherer for indigenous tourism enterprise (provider actor) to ensure the economic sustainability of their business. Research limitations/implications This study was conducted during the COVID-19 pandemic, where governments imposed strict travel restrictions. Consequently, data from tourists were limited in particular, the lack of perspectives from international tourists. During the data collection, the government were still limiting international travelers to visit the country, hence only domestic tourists were able to visit. The perspectives of international tourists would have added valuable data. Because of pandemic, the data collection process was initially conducted online, which was then followed by in-person data collection. Online data collection is common in research; however, in-person data collection would have been more preferred, where possible, so that the researchers could directly observe the situation in context. Future research could be conducted after the pandemic ends. Furthermore, findings of this research asserted the importance of actors’ motives, situations, quality of the values and relational attributes, but had not discussed these in detail, especially from the perspective of each actor. Future research could address this limitation. Practical implications Enhancing material and nonmaterial sense of place value would involve multiple actors. Therefore, mapping of the resources owned by these actors as well as their roles is critical. To create sense of place value, synergy between actors is essential and could not be achieved by a single actor. Every actor is influenced by motives and circumstances when interacting with the other actor. Awareness of such motives and circumstances where the exchange takes place is necessary, to ensure that the cultivated relationship aligns with the goals and expectations. As exchange relations could be balanced or imbalanced, every actor also needs to be aware of their position and continuously evaluate it to avoid being constantly in a powerless position. Indigenous tourism enterprise could not singlehandedly provide every resource needed. Therefore, developing a character as a gatherer/resource integrator becomes crucial to gain access to all necessary resources. Currently, there are no tools available for identifying actors, resources and relational attributes. This could be a potential avenue for academics in this area. Further, the government should identify the best practice from the successful indigenous tourism enterprises, not only giving recognition awards or certifications to these enterprises. Originality/value Findings from this study have several contributions; among others, it discussed sense of place value of indigenous tourism enterprise more comprehensively, as the essential actors who exchange resources were identified. This study also underlined positive power imbalance, which had been generally seen as a negative dynamic. Moreover, this study highlighted that indigenous people, despite living by communal value (non-transactional) in their daily lives, would need to engage in transactional relations and develop resource integrator characteristics to maintain tourism enterprise. Indigenous people have often been seen from their communal side, while their transactional (non-communal) side has been rarely seen.

The issue of the metaverse has been widely discussed. The purpose of this research is to investigate users’ willingness to participate in the metaverse. This study used the self-efficacy theory and Theory of Reasoned Action (TRA) to explore their willingness to attend the metaverse. Furthermore, the study explored how the basic concepts of the metaverse (Avatars, Decentralized Value Exchange, and Immersive Experience) influence the users’ attitudes (Presence in Second-Life, 3D Interactivity, and Play-to-Earn) toward and willingness with respect to participating in the metaverse. A total of 150 valid experts’ responses were collected through an online questionnaire and analyzed through structural equation modeling. The results revealed that Presence in Second-Life and Play-to-Earn significantly impact the respondents’ willingness to participate in the metaverse. Moreover, 3D Interactivity affected their participation to willingness through Presence in Second-Life and Play-to-Earn.

Scientific knowledge dissemination is necessary to collaboratively develop solutions to today’s challenges among scientific, public, and commercial actors. Building on this, recent concepts (e.g., Third Mission) discuss the role and value of different dissemination mechanisms for increasing societal impact. However, the value individual scientists receive in exchange for disseminating knowledge differs across these mechanisms, which, consequently, affects their selection. So far, value capture mechanisms have mainly been described as appropriating monetary rewards in exchange for scientists’ knowledge (e.g., patenting). However, most knowledge dissemination activities in science do not directly result in capturing monetary value (e.g., social engagement). By taking a value capture perspective, this article conceptualizes and explores how individual scientists capture value from disseminating their knowledge. Results from our qualitative study indicate that scientists’ value capture consists of a measureable objective part (e.g., career promotion) and a still unconsidered subjective part (e.g., social recognition), which is perceived as valuable due to scientists’ needs. By advancing our understanding of value capture in science, scientists’ selection of dissemination mechanisms can be incentivized to increase both the value captured by themselves and society. Hence, policy makers and university managers can contribute to overcoming institutional and ecosystem barriers and foster scientists’ engagement with society.

The capitalist world-economy takes the form of an iceberg. The most studied part which appears above the surface is supported by a huge underlying structure that is out of sight. Unlike the iceberg, the world-economy is a dynamic system based on flows of value from the underside toward the top. These include drains of surplus (expropriated value) that take two forms: visible monetarized flows of bright value and hidden un(der)costed flows that carry dark value (the unrecorded value of cheap labor, labor reproduction and ecological externalities). Commodity chains are central mechanisms for these surplus drains in the world-economy. At each node of the chain, participants attempt to maximize their capture of bright value through wages, rent and profit. They do this by constructing differential degrees of monopoly (control of the markup between cost and sale price) and degrees of monopsony (control of markdowns of production costs). However, this process depends upon the transformation of dark value into bright value for capture. Via an examination of the Apple iPad commodity chain, I show how the bright value captured by Apple depends on the dark value extracted by its suppliers. Dark value is estimated by measurements of the value of under-payments for wage labor, reproductive labor and environmental damage in Asian countries, especially China. Surprisingly, most dark value embedded in the iPad is captured by final buyers (mostly in the core) as consumer surplus.

This is a conceptual paper about the most fundamental concept in the science of business administration, value. It traces its history, discusses the demarcation approach of the service dominant logic, arguing against it. We hold that customer co-creation is already presumed in the concept of use-value; the customer can realize the value-potential of a product or a service by satisfying experiences from the offering. Under certain circumstances relationships influence the value, often motivating temporal suspension of market relations. In other cases relationships do not give the potential for additional value and the exchange between seller and buyer continues to be a transaction.The micro-foundations of value are searched in the social psychology of these experiences and how they build the value.The paper suggests the need for radical re-focusing of business practices, by proposing a conceptual model based on the macro-foundations of value.

Adam Smith, Charles Darwin, Rudolf Clausius, and Léon Brillouin considered certain “values” as key quantities in their descriptions of market competition, natural selection, thermodynamic processes, and information exchange, respectively. None of those values can be computed from elementary properties of the particular object they are attributed to, but rather values represent emergent, irreducible properties. In this paper, such values are jointly understood as information values in certain contexts. For this aim, structural information is distinguished from symbolic information. While the first can be associated with arbitrary physical processes or structures, the latter requires conventions which govern encoding and decoding of the symbols which form a message. As a value of energy, Clausius’ entropy is a universal measure of the structural information contained in a thermodynamic system. The structural information of a message, in contrast to its meaning, can be evaluated by Shannon’s entropy of communication. Symbolic information is found only in the realm of life, such as in animal behavior, human sociology, science, or technology, and is often cooperatively valuated by competition. Ritualization is described here as a universal scenario for the self-organization of symbols by which symbolic information emerges from structural information in the course of evolution processes. Emergent symbolic information exhibits the novel fundamental code symmetry which prevents the meaning of a message from being reducible to the physical structure of its carrier. While symbols turn arbitrary during the ritualization transition, their structures preserve information about their evolution history.