| Summary: | Abstract
Entrepreneurship viewed as new value creation is a perspective
gaining ground in entrepreneurial education. Educators have found
it to be a helpful approach in order to escape a situation where
the two established ways to infuse entrepreneurship into education
are both quite problematic. A value creation view on entrepreneurship,
however, currently lacks a clear answer to a crucial question: What
is value? Responding to this research gap, the article presents
a value framework consisting of five different kinds of value: economic, enjoyment,
social, harmony and influence value. Each kind of value can be experienced and
created both for oneself and for others, thus constituting a total
of ten different perspectives on value. This value framework has
in practice been useful for teachers working with educational design.
It has also been useful for research on assessment of the impact entrepreneurial
education has on students, leading to new insights that could improve
the effectiveness of entrepreneurial education. The value framework
also casts new light on what entrepreneurship is and why people
engage in entrepreneurship. A limitation of the work presented here
is the inherent difficulty in conducting a systematic literature
review on a term as generic as “value”.
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