{"title":"The Lean Impact Start-Up Framework: Fueling Innovation for Positive Societal Change","authors":"Sophie Bacq, Stephanie Wang","doi":"10.1177/01492063241240713","DOIUrl":null,"url":null,"abstract":"How can innovative solutions to address societal grand challenges be cultivated in a pragmatic and impactful way? In this article, we propose the “lean impact start-up” framework, which integrates the principles of the lean start-up methodology with fresh perspectives from new stakeholder theory—and specifically, stakeholder governance. The lean impact start-up framework is characterized by its experimental and learning-oriented nature and consists of a three-step process: value search, value creation, and value distribution. For each step, we propose a key mechanism and chart pathways for future research. At its core, the lean impact start-up framework differs from other start-up frameworks by an active consideration of diverse primary stakeholders and an expanded focus encompassing both economic and noneconomic outcomes. This framework serves as a transformative bridge that helps to close the divide between scholarly research and tangible, real-world impact.","PeriodicalId":54212,"journal":{"name":"Journal of Management","volume":"263 1","pages":""},"PeriodicalIF":9.3000,"publicationDate":"2024-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Management","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1177/01492063241240713","RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0
Abstract
How can innovative solutions to address societal grand challenges be cultivated in a pragmatic and impactful way? In this article, we propose the “lean impact start-up” framework, which integrates the principles of the lean start-up methodology with fresh perspectives from new stakeholder theory—and specifically, stakeholder governance. The lean impact start-up framework is characterized by its experimental and learning-oriented nature and consists of a three-step process: value search, value creation, and value distribution. For each step, we propose a key mechanism and chart pathways for future research. At its core, the lean impact start-up framework differs from other start-up frameworks by an active consideration of diverse primary stakeholders and an expanded focus encompassing both economic and noneconomic outcomes. This framework serves as a transformative bridge that helps to close the divide between scholarly research and tangible, real-world impact.
期刊介绍:
The Journal of Management (JOM) aims to publish rigorous empirical and theoretical research articles that significantly contribute to the field of management. It is particularly interested in papers that have a strong impact on the overall management discipline. JOM also encourages the submission of novel ideas and fresh perspectives on existing research.
The journal covers a wide range of areas, including business strategy and policy, organizational behavior, human resource management, organizational theory, entrepreneurship, and research methods. It provides a platform for scholars to present their work on these topics and fosters intellectual discussion and exchange in these areas.