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Exploration and exploitation of multiple values: The dynamic evolution process of sustainable entrepreneurship in Chinese digital platform corporates

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  • Fumeng Li
  • Jiancheng Long

Abstract

As a booster of entrepreneurship and innovation, digital technologies are gradually unlocking their transformative potential to mitigate and address major environmental and social problems, together with the platform connecting stakeholders, they offer new opportunities for value co‐creation. While the digital sustainable entrepreneurship framework, encompassing opportunity recognition and exploiting process, is still in the preliminary exploration. The article focalize the digital platform application cases of four sustainable start‐ups and attempts to deconstruct the process of digital sustainable entrepreneurship grounded in the dynamic capability theory. The results indicate that the company integrates the identification of sustainability issues and prediction of heterogeneous needs into multiple opportunity perception, thus establishing stakeholder identification and psychological empowerment to reserve implicit resources, so as to realize the creation of mixed value based on digital platform construction and interaction. The process of “perception–accumulation–co‐creation” presents an alternating cycle of evolution. The results provide support for sustainable entrepreneurship by highlighting the role of dynamic capability as action potentials connected with digital platforms, which in turn foster the study of digital innovation management.

Suggested Citation

  • Fumeng Li & Jiancheng Long, 2024. "Exploration and exploitation of multiple values: The dynamic evolution process of sustainable entrepreneurship in Chinese digital platform corporates," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(3), pages 2342-2357, June.
    • Handle: RePEc:wly:sustdv:v:32:y:2024:i:3:p:2342-2357
    DOI: 10.1002/sd.2791
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    1. Qian Liu & Fujia Li & Suocheng Dong & Hao Cheng, 2024. "Research on the sustainable development mode of resource‐oriented regions on plateaus—A case study for Gannan Tibetan autonomous prefecture," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(4), pages 3581-3600, August.
    2. Sofyan Ashari Nur & Muafi Muafi, 2025. "Link between dynamic capability and sustainable entrepreneurship: The mediation role of digital networking," Jurnal Siasat Bisnis, Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia, vol. 29(1), pages 1-14.

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