“…Actors include individual humans, collections of humans (firms, nongovernmental organizations [NGOs], governments, etc. ), and nonhumans (Jolibert, Max-Neef, Rauschmayer, & Paavola, 2011;Starik, 1995). Processes of legitimation are then determined by the relative power of actors and stakeholders via governance arrangements • • Actors who are acknowledged as playing one or more legitimate stakeholder roles, and which subset of each actor's needs are satisfied (or left unsatisfied) by organizations' (positive and negative) value propositions • • The steps by which environmental, social, and economic positive value ("revenues") and negative value ("costs") are determined (a "valuation method") • • The relevant portions of the business models of all firms in its value network so as to include all ultimate stakeholder's needs and all connections to the ultimate sources and sinks of all biophysical materials • • The geographic location and locality of any and all biophysical components of a business model (including actors who take on roles of an organization's stakeholders).…”