16.12.2024
Special issue
"New frontiers of forest economics, IV: Entrepreneurship in forestry: Innovation, uncertainty and profit".
Guest editors: Peter Deegen, Sen Wang, Shashi Kant, Martin Hostettler
Forestry, generally, is not in a state of economic equilibrium but in a state of flux. Oftentimes, forestry practitioners assume that these many changes are induced by exogenous phenomena such as climate change, extreme weather events and population growth or stagnation. This is obviously true. However, forestry also changes because of entrepreneurial action. Humans always and continuously discover new means and new ends and realize these discoveries. Entrepreneurs see new opportunities which others may not recognize or fail to grasp.
During the last few decades, the world’s forestry sector was full of new attempts and accomplishments …
The success of the entrepreneurial action cannot be taken for granted automatically. It is dependent on the correctness of the anticipation of the future events. These anticipations are uncertain. Therefore, while some entrepreneurs will succeed, earn a profit and make an impact on our wellbeing, others will fail, suffer losses and close. As we can see, entrepreneurship is essential in the course of forestry …