Greenworld: Natural Resource Management, Innovation, and Sustainability in Entrepreneurship

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GREENWORLD:
Think Green
for the World
Youth Education
ERASMUS+
KA220 YOU - Strategic
Partnerships for Youth
Education
Cooperation partnership
 
 
Reference Number:
2021-1-DE04-KA220-YOU-000029209
Duration:
07.03.2022 to 07.03.2024 (24 months)
 
Chair of Business and Human Resource Education II
Prof. Dr. Marc Beutner
 
Greenworld -
Transnational Meeting -
LTTA
Learning Material
 
Natural Resource Management and
Sustainability and Green Innovation
in Green Entrepreneurship
Designed by
 
 
 
 
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In this module you will
learn what Natural Resources, Natural Resources Management, Green
innovation and Green Economy are.
reflect on the challenges in resource consumption nowadays
understand the need for new sustainable entrepreneurship
discover examples of eco innovation using natural resources
reflect on the importance of sustainability and eco innovation for human life
 
 
Overview on the module
 
Introduction
 
Example
 
of innovation for sustainability and
green entrepreneurship - Green
Tourism
 
Self-Check
 
Forms-Quiz
 
Videos
 
01
 
02
 
03
 
04
 
Natural resources, management,
green innovation and green
entrepreneurship
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Natural Resource Management and
Sustainability and Green Innovation in
Green Entrepreneurship
Introduction
 
01
 
Introduction to natural resources and natural resource management
 
What are Natural Resources?
 
Renewable Resources:
It can be regenerated naturally over time, such as sunlight, wind, water, and
biomass.
Their availability is not depleted as quickly as they are consumed.
Non-Renewable Resources:
It cannot be regenerated within a human time frame.
Examples include fossil fuels (coal, oil, and natural gas), minerals, and metals.
Once these resources are depleted, they cannot be readily replaced.
 
Examples:
Forests:
 Providing timber, habitat for various species, and
ecosystem services.
Surface Water and Groundwater: C
rucial for various human
activities, agriculture, and supporting ecosystems.
Fertile Lands and Minerals in Soil: 
Valuable for agriculture
and the extraction of minerals.
Energy Resources: 
Such as petroleum, natural gas, and
geothermal energy contained within rock layers.
 
Introduction to natural resources and natural resource management
 
Strategic and Sustainable Use
Natural Resource Management involves wisely
using essential resources like land, water, air,
minerals, forests, fisheries, and biodiversity.
Ecosystem Services: Enhancing Human Life
These resources collectively provide crucial
ecosystem services, benefiting human life
quality.
Services include soil productivity, nutrient
recycling, air and water purification, and climatic
balance.
 
Natural Resource Management
Challenges in Resource Consumption
Global Consumption: 
Imbalance
20%
 of the world's population consumes 
80% 
of global resources
(Ermakova et al., 2020).
Emphasis on "critical natural capital," unique resources vital for life
support, biodiversity, health, aesthetics, culture, and heritage.
Depletion and Innovation: 
Necessity
Ongoing depletion of resources requires innovative approaches for
effective use, especially for hard-to-reach resources.
 
Introduction to innovation for sustainability and green
entrepreneurship
 
Entrepreneurship and Innovation:
Entrepreneurship relies on continuous innovation.
Economic cycles demand navigation towards
development.
Evolution of Innovation:
Traditionally, innovation aimed at customer
satisfaction and financial success.
Contemporary perspectives include social and
environmental considerations.
Responsibility and Awareness:
Entrepreneurs now consider socio-environmental
impact.
Adherence to regulatory guidelines and consumer
awareness are crucial.
Green Innovation:
Eco-innovation  minimizes environmental impact.
Utilizes new technologies, services, and processes for
sustainable development.
Contrast with Alternatives:
Green innovation stands out from other potential
alternatives.
Plays a role in resource conservation and offers economic
growth opportunities.
 
How to become a green entrepreneur and manage natural resources
sustainably in a company
 
It’s all about being 
creative
!
Design 
innovative products or services
 that can be
profitable as well as eco-friendly.
Find 
reliable sources
, 
produce 
with 
efficiency
,
storage
 and 
ship 
with
 low emissions
, 
reduce 
and
recycle 
the waste, seek 
certifications
.
Don’t forget about the 
social component
, create a
good working environment
 and 
give back
 to the
communities 
and 
nature
.
 
 
Sustainability Pays Off
 
Incentives, Reputation, and Efficiency
Governments offer
 tax incentives 
for renewable energy and
sustainability initiatives.
Practising sustainable resource management 
enhances your
company's reputation
 among many other less sustainable ones.
Sustainability 
builds trust with consumers
, attracting new
opportunities.
Demonstrating environmental responsibility makes your
organisation appealing to like-minded clientele
.
Investing in renewable resources 
saves money in the long-term
.
Supply chain transparency can lead to increased 
consumer
willingness to pay
.
Small changes, such as recycling bins and efficient water usage,
contribute to sustainability and reduces costs.
 
By following these steps and 
embracing sustainable practices
, young entrepreneurs can 
build 
and 
grow
businesses 
that not only 
contribute positively to the environment
 but also 
thrive
 in a world increasingly
focused on sustainability.
 
Green Tourism the Example of Azores, Portugal
 
The natural resources of the 9 islands
allow the locals to develop sustainable
tourist attractions like whale watching.
 
This region was once known for its
whale hunting industry and now as
become one of the most important
cetaceans sanctuary in the world
 
The shift of mindset and the
investment in green tourism has turn
the archipelagos a famous destination
for nature lovers and science
researchers
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Natural resource management and
Green innovation
Videos
 
02
 
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Please, watch the following videos and take notes about the important facts.
Present the core issues of the videos to friends or in a youth group!
 
 
Why natural resource use matters?
 
https://youtu.be/7pPa0mRCky4?si=YrqK6DLVBmkS9Oy2
 
 
Managing natural resources: Achieving more with less
 
https://youtu.be/ZERrpFwETgs?si=633yUWyOtyuFAX-V
 
 
Bio-based innovation for sustainable use of natural resources
 
https://youtu.be/jj1mtWiCEZQ?si=RlskQN8XVk4Db6qd
 
 
T
a
s
k
 
V
i
d
e
o
s
 
o
n
 
g
r
e
e
n
 
i
n
n
o
v
a
t
i
o
n
 
 
Please, watch the following videos and explore more about one green innovation idea shown
and present it to your friends or in a youth group!
 
 
5 Incredible Eco-Friendly Innovations To Save The Earth
 
https://youtu.be/vI1dBBfjAxQ?si=5p5vYn9FvpNYlacB
 
 
22 Inventions That Are Saving The Earth
 
https://youtu.be/FWFb-8hFutY?si=vytgKRvFt8gmjS3X
 
 
The Futuristic Farms That Will Feed the World | Freethink | Future of Food
 
https://youtu.be/KfB2sx9uCkI?si=tYnoBk-NSDEaycvB
 
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a
s
k
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Eco Innovation and Sustainability
Design in Green Entrepreneurship
Self check
 
04
 
Self Test about natural resources and its management
 
 
What are natural resources?
 
a) Only non-renewable substances
b) Materials created solely by human intervention
c) Biological, mineral, or aesthetic assets provided by nature without human intervention
Define Natural Resource Management.
a) Exploitative use of natural resources
b) Sustainable utilization of resources with strategic planning
c) Preservation of natural resources without human intervention
What ecosystem services are not provided by natural resources?
a) Internet services
b) Consumptive and public-good elements, including soil productivity and air purification
c) Entertainment services
 
Self Test about green innovation and green entrepreneurship
 
 
Complete the sentence
The green innovation is the 
utilization of new__________, ____________and ___________ to minimize environmental
impact and improving __________ growth. A good example of green entrepreneurship is _________, that not only
helps the local economy but also sensitises tourists about ______________
.
Eco-tourism
Processes
Services
Sustainability
Technology
Economy
 
References and Links
 
Azores Getaways. (n.d.). The Azores: Whale Hunting to Whale Watching in the Azores. Azores Getaways. Retreived from https://azoresgetaways.com/en-
us/destination/azores/general-articles/whale-hunting-to-whale-watching-azores
Britannica, T. Editors of Encyclopaedia (2023, October 16). natural resource. Encyclopedia Britannica. https://www.britannica.com/science/natural-resource
Chyhgryn, O. (2017). Green entrepreneurship: EU experience and Ukraine perspectives. CSIE Working Papers, Center for Studies in European Integration (CSEI), Academy of
Economic Studies of Moldova (ASEM), Issue 6, 6-13. September.
Cultivating Capital. (n.d.). Natural Capital. Retrieved from https://www.cultivatingcapital.com/natural-capital/
Epstein, C. (2023, August 18). natural resource management. Encyclopedia Britannica. https://www.britannica.com/money/topic/natural-resource-management
Ermakova, A., Oznobihina, L., & Avilova, T. (2020). Analysis of the current state and features of natural resource potential management. E3S Web Conf., 157, 03005. DOI:
10.1051/e3sconf/202015703005.
Gatley, N. (n.d.). What Is Sustainable Resource Management and How Do You Achieve It? British Assessment. Retrieved from https://www.british-assessment.co.uk/what-is-
sustainable-resource-management-and-how-do-you-achieve-it/
Kaim, M. (2018). Green entrepreneurship management in Portugal: The case of Azores Islands. In Competitiveness and innovation in the knowledge economy [online]:
collection of selected articles: conf. Intern. sch., Sept. 28-29, 2018. Chisinau: ASEM. E-ISBN 978-9975-75-933-5.
Muralikrishna, I. V., & Manickam, V. (2017). Natural Resource Management and Biodiversity Conservation. In I. V. Muralikrishna & V. Manickam (Eds.), Environmental
Management (pp. 23-35). Butterworth-Heinemann. ISBN 9780128119891. https://doi.org/10.1016/B978-0-12-811989-1.00003-8
Pinto-Rodrigues, A. (2023, November 1). The islands that went from whale hunting to whale watching. CNN. Retreived from   https://edition.cnn.com/travel/article/azores-
whalewatching/index.html
Sagoff, Mark. (1997). Do We Consume Too Much?. The Atlantic Monthly - THE ATLANTIC. 279.
Toubes, D. R., & Araújo-Vila, N. (2022). A review research on tourism in the green economy. Economies, MDPI, 10(6), 1-18. June.
Vitality. (n.d.). Why Is Sustainable Use of Natural Resources Important? Strategies for Sustainable Use of Natural Resources. Retrieved from https://vitality.io/why-is-
sustainable-use-of-natural-resources-important/#strategiesforsustainableuseofnaturalresources
VLS (n.d.). Fostering More Sustainable Business. VLS Environmental Services. Retrieved from https://www.vlses.com/2022/08/08/fostering-more-sustainable-business/
Xiang, X., Liu, C., & Yang, M. (2022). Who is financing corporate green innovation? International Review of Economics & Finance, 78, 321-337. ISSN 1059-0560.
https://doi.org/10.1016/j.iref.2021.12.011.
 
undefined
 
Prof. Dr. Marc Beutner
Tel:
 
+49 (0) 52 51 / 60 - 23 67
Fax:
 
+49 (0) 52 51 / 60 - 35 63
E-Mail:
 
marc.beutner@uni-paderborn.de
 
Universität Paderborn
Department Wirtschaftspädagogik Lehrstuhl
Wirtschaftspädagogik II Warburger Str. 100
33098 Paderborn
 
http://www.upb.de/wipaed
 
Contact
 
 
Thank you for your attendance.
Do you have any questions?
 
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This transnational meeting focused on youth education in the context of natural resource management, green innovation, and sustainable entrepreneurship. Participants explored challenges in resource consumption, sustainable entrepreneurship opportunities, examples of eco-innovation, and the significance of sustainability for human life. The modules covered topics such as green tourism, self-check activities, and forms quizzes to enhance understanding of green economy concepts.

  • Greenworld
  • Natural Resources
  • Sustainability
  • Innovation
  • Entrepreneurship

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  1. GREENWORLD: Think Green for the World Greenworld - Transnational Meeting - LTTA Learning Material Youth Education ERASMUS+ Natural Resource Management and Sustainability and Green Innovation in Green Entrepreneurship Designed by KA220 YOU - Strategic Partnerships for Youth Education Cooperation partnership Reference Number: 2021-1-DE04-KA220-YOU-000029209 Duration: Chair of Business and Human Resource Education II Prof. Dr. Marc Beutner 07.03.2022 to 07.03.2024 (24 months) The European Commission support for the production of this publication does not constitute an endorsement of the contents which reflects the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

  2. Learning Outcomes of Module 2 In this module you will -2- learn what Natural Resources, Natural Resources Management, Green innovation and Green Economy are. reflect on the challenges in resource consumption nowadays understand the need for new sustainable entrepreneurship discover examples of eco innovation using natural resources reflect on the importance of sustainability and eco innovation for human life The European Commission support for the production of this publication does not constitute an endorsement of the contents which reflects the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

  3. Overview on the module -3- 01 02 Introduction Example of innovation for sustainability and green entrepreneurship - Green Tourism Natural resources, management, green innovation and green entrepreneurship 03 04 Videos Self-Check Forms-Quiz The European Commission support for the production of this publication does not constitute an endorsement of the contents which reflects the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

  4. 01 Natural Resource Management and Sustainability and Green Innovation in Green Entrepreneurship Introduction The European Commission support for the production of this publication does not constitute an endorsement of the contents which reflects the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

  5. Introduction to natural resources and natural resource management What are Natural Resources? Examples: -5- Forests: Providing timber, habitat for various species, and ecosystem services. Surface Water and Groundwater: Crucial for various human activities, agriculture, and supporting ecosystems. Fertile Lands and Minerals in Soil: Valuable for agriculture Renewable Resources: Vestibulum congue tempus and the extraction of minerals. Energy Resources: Such as petroleum, natural gas, and geothermal energy contained within rock layers. It can be regenerated naturally over time, such as sunlight, wind, water, and biomass. Their availability is not depleted as quickly as they are consumed. Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor. Non-Renewable Resources: It cannot be regenerated within a human time frame. Examples include fossil fuels (coal, oil, and natural gas), minerals, and metals. Once these resources are depleted, they cannot be readily replaced. The European Commission support for the production of this publication does not constitute an endorsement of the contents which reflects the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

  6. Introduction to natural resources and natural resource management Natural Resource Management -6- Challenges in Resource Consumption Strategic and Sustainable Use Global Consumption: Imbalance Natural Resource Management involves wisely using essential resources like land, water, air, minerals, forests, fisheries, and biodiversity. 20% of the world's population consumes 80% of global resources (Ermakova et al., 2020). Emphasis on "critical natural capital," unique resources vital for life support, biodiversity, health, aesthetics, culture, and heritage. Ecosystem Services: Enhancing Human Life These resources collectively provide crucial ecosystem services, benefiting human life quality. Services include soil productivity, nutrient recycling, air and water purification, and climatic balance. Depletion and Innovation: Necessity Ongoing depletion of resources requires innovative approaches for effective use, especially for hard-to-reach resources. The European Commission support for the production of this publication does not constitute an endorsement of the contents which reflects the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

  7. Introduction to innovation for sustainability and green entrepreneurship -7- Entrepreneurship and Innovation: Entrepreneurship relies on continuous innovation. Economic cycles demand navigation towards development. Evolution of Innovation: Traditionally, innovation aimed at customer satisfaction and financial success. Contemporary perspectives include social and environmental considerations. Responsibility and Awareness: Entrepreneurs now consider socio-environmental impact. Adherence to regulatory guidelines and consumer awareness are crucial. Green Innovation: Eco-innovation minimizes environmental impact. Utilizes new technologies, services, and processes for sustainable development. Contrast with Alternatives: Green innovation stands out from other potential alternatives. Plays a role in resource conservation and offers economic growth opportunities. The European Commission support for the production of this publication does not constitute an endorsement of the contents which reflects the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

  8. How to become a green entrepreneur and manage natural resources sustainably in a company Incorporate Sustainability from the Start Turn Your Company into a Green Enterprise -8- 1. 2. 3. 4. 5. Evaluate How Sustainable your Company is Develop a Green Action Plan Step by Step Involve your Employees Maintain a Credible Sustainable Business Certification Don t Give Up 1. 2. 3. Sustainability as Your Business Goal Create a Green Product or Service Green storage, shipping and waste management Green Back Office Donate or Return to Nature 4. 5. 6. It s all about being creative! Design innovative products or services that can be profitable as well as eco-friendly. Find reliable sources, produce with efficiency, storage and ship with low emissions, reduce and recycle the waste, seek certifications. Don t forget about the social component, create a good working environment and give back to the communities and nature. Conduct a thorough audit of your current sustainability practices Create a formal plan with time-bound goals for sustainability Learn from early effort instruct and incentivise your employes Use certifications to ensure ongoing commitment. Sustainable practices require ongoing effort, even if your actions seem small, they make a difference The European Commission support for the production of this publication does not constitute an endorsement of the contents which reflects the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

  9. Sustainability Pays Off Incentives, Reputation, and Efficiency -9- Governments offer tax incentives for renewable energy and sustainability initiatives. Practising sustainable resource management enhances your company's reputation among many other less sustainable ones. Sustainability builds trust with consumers, attracting new opportunities. Demonstrating environmental responsibility makes your organisation appealing to like-minded clientele. Investing in renewable resources saves money in the long-term. Supply chain transparency can lead to increased consumer willingness to pay. Small changes, such as recycling bins and efficient water usage, contribute to sustainability and reduces costs. By following these steps and embracing sustainable practices, young entrepreneurs can build and grow businesses that not only contribute positively to the environment but also thrive in a world increasingly focused on sustainability. The European Commission support for the production of this publication does not constitute an endorsement of the contents which reflects the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

  10. Green Tourism the Example of Azores, Portugal -10- The natural resources of the 9 islands allow the locals to develop sustainable tourist attractions like whale watching. This region was once known for its whale hunting industry and now as become one of the most important cetaceans sanctuary in the world The shift of mindset and the investment in green tourism has turn the archipelagos a famous destination for nature lovers and science researchers The European Commission support for the production of this publication does not constitute an endorsement of the contents which reflects the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

  11. 02 Natural resource management and Green innovation Videos The European Commission support for the production of this publication does not constitute an endorsement of the contents which reflects the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

  12. Videos on natural resource management Please, watch the following videos and take notes about the important facts. Present the core issues of the videos to friends or in a youth group! -12- Why natural resource use matters? https://youtu.be/7pPa0mRCky4?si=YrqK6DLVBmkS9Oy2 Task Managing natural resources: Achieving more with less https://youtu.be/ZERrpFwETgs?si=633yUWyOtyuFAX-V Bio-based innovation for sustainable use of natural resources https://youtu.be/jj1mtWiCEZQ?si=RlskQN8XVk4Db6qd The European Commission support for the production of this publication does not constitute an endorsement of the contents which reflects the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

  13. Videos on green innovation Please, watch the following videos and explore more about one green innovation idea shown and present it to your friends or in a youth group! -13- 5 Incredible Eco-Friendly Innovations To Save The Earth https://youtu.be/vI1dBBfjAxQ?si=5p5vYn9FvpNYlacB Task 22 Inventions That Are Saving The Earth https://youtu.be/FWFb-8hFutY?si=vytgKRvFt8gmjS3X The Futuristic Farms That Will Feed the World | Freethink | Future of Food https://youtu.be/KfB2sx9uCkI?si=tYnoBk-NSDEaycvB The European Commission support for the production of this publication does not constitute an endorsement of the contents which reflects the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

  14. 04 Eco Innovation and Sustainability Design in Green Entrepreneurship Self check The European Commission support for the production of this publication does not constitute an endorsement of the contents which reflects the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

  15. Self Test about natural resources and its management -15- What are natural resources? a) Only non-renewable substances b) Materials created solely by human intervention c) Biological, mineral, or aesthetic assets provided by nature without human intervention Define Natural Resource Management. a) Exploitative use of natural resources b) Sustainable utilization of resources with strategic planning c) Preservation of natural resources without human intervention What ecosystem services are not provided by natural resources? a) Internet services b) Consumptive and public-good elements, including soil productivity and air purification c) Entertainment services The European Commission support for the production of this publication does not constitute an endorsement of the contents which reflects the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

  16. Self Test about green innovation and green entrepreneurship -16- Complete the sentence The green innovation is the utilization of new__________, ____________and ___________ to minimize environmental impact and improving __________ growth. A good example of green entrepreneurship is _________, that not only helps the local economy but also sensitises tourists about ______________. Technology Sustainability Services Economy Eco-tourism Processes The European Commission support for the production of this publication does not constitute an endorsement of the contents which reflects the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

  17. References and Links Azores Getaways. (n.d.). The Azores: Whale Hunting to Whale Watching in the Azores. Azores Getaways. Retreived from https://azoresgetaways.com/en- us/destination/azores/general-articles/whale-hunting-to-whale-watching-azores Britannica, T. Editors of Encyclopaedia (2023, October 16). natural resource. Encyclopedia Britannica. https://www.britannica.com/science/natural-resource Chyhgryn, O. (2017). Green entrepreneurship: EU experience and Ukraine perspectives. CSIE Working Papers, Center for Studies in European Integration (CSEI), Academy of Economic Studies of Moldova (ASEM), Issue 6, 6-13. September. Cultivating Capital. (n.d.). Natural Capital. Retrieved from https://www.cultivatingcapital.com/natural-capital/ Epstein, C. (2023, August 18). natural resource management. Encyclopedia Britannica. https://www.britannica.com/money/topic/natural-resource-management Ermakova, A., Oznobihina, L., & Avilova, T. (2020). Analysis of the current state and features of natural resource potential management. E3S Web Conf., 157, 03005. DOI: 10.1051/e3sconf/202015703005. Gatley, N. (n.d.). What Is Sustainable Resource Management and How Do You Achieve It? British Assessment. Retrieved from https://www.british-assessment.co.uk/what-is- sustainable-resource-management-and-how-do-you-achieve-it/ Kaim, M. (2018). Green entrepreneurship management in Portugal: The case of Azores Islands. In Competitiveness and innovation in the knowledge economy [online]: collection of selected articles: conf. Intern. sch., Sept. 28-29, 2018. Chisinau: ASEM. E-ISBN 978-9975-75-933-5. Muralikrishna, I. V., & Manickam, V. (2017). Natural Resource Management and Biodiversity Conservation. In I. V. Muralikrishna & V. Manickam (Eds.), Environmental Management (pp. 23-35). Butterworth-Heinemann. ISBN 9780128119891. https://doi.org/10.1016/B978-0-12-811989-1.00003-8 Pinto-Rodrigues, A. (2023, November 1). The islands that went from whale hunting to whale watching. CNN. Retreived from https://edition.cnn.com/travel/article/azores- whalewatching/index.html Sagoff, Mark. (1997). Do We Consume Too Much?. The Atlantic Monthly - THE ATLANTIC. 279. Toubes, D. R., & Ara jo-Vila, N. (2022). A review research on tourism in the green economy. Economies, MDPI, 10(6), 1-18. June. Vitality. (n.d.). Why Is Sustainable Use of Natural Resources Important? Strategies for Sustainable Use of Natural Resources. Retrieved from https://vitality.io/why-is- sustainable-use-of-natural-resources-important/#strategiesforsustainableuseofnaturalresources VLS (n.d.). Fostering More Sustainable Business. VLS Environmental Services. Retrieved from https://www.vlses.com/2022/08/08/fostering-more-sustainable-business/ Xiang, X., Liu, C., & Yang, M. (2022). Who is financing corporate green innovation? International Review of Economics & Finance, 78, 321-337. ISSN 1059-0560. https://doi.org/10.1016/j.iref.2021.12.011. -17- The European Commission support for the production of this publication does not constitute an endorsement of the contents which reflects the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

  18. Contact Universit t Paderborn Department Wirtschaftsp dagogik Lehrstuhl Wirtschaftsp dagogik II Warburger Str. 100 33098 Paderborn Prof. Dr. Marc Beutner Tel: +49 (0) 52 51 / 60 - 23 67 Fax: +49 (0) 52 51 / 60 - 35 63 E-Mail: marc.beutner@uni-paderborn.de http://www.upb.de/wipaed Thank you for your attendance. Do you have any questions? The European Commission support for the production of this publication does not constitute an endorsement of the contents which reflects the views only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

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