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The Entrepreneurial Solution to Poverty and the Science of What is Possible

The Entrepreneurial Solution to Poverty and the Science of What is Possible
Author: Fiet, James O.
Publisher: Edward Elgar Publishing
Total Pages: 224
Release: 2022-07-19
Genre: Business & Economics
ISBN: 180392439X

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Engaging and accessible, The Entrepreneurial Solution to Poverty and the Science of What is Possible examines the systematic practice of poverty alleviation. Using the science of informational economics (IE), based on leveraging specific information, as well as decades’ worth of experimental evidence, James Fiet demonstrates how poverty may be mitigated through entrepreneurial practices.


The Business Solution to Poverty

The Business Solution to Poverty
Author: Paul Polak
Publisher: Berrett-Koehler Publishers
Total Pages: 266
Release: 2013-09-09
Genre: Business & Economics
ISBN: 1609940784

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Authors Paul Polak and Mal Warwick describe their Zero-Based Design of starting from scratch to create innovative products and services tailored for the very poor to show how their design principles and vision can enable unapologetic capitalists to supply the very poor with clean drinking water, electricity, irrigation, housing, education, health care, and other necessities at a fraction of the usual cost and at profit margins attractive to investors.


Entrepreneurship and Sustainability

Entrepreneurship and Sustainability
Author: Paul W. Thurman
Publisher: Routledge
Total Pages: 236
Release: 2016-04-29
Genre: Business & Economics
ISBN: 1317142594

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In Entrepreneurship and Sustainability the editors and contributors challenge the notion that not-for-profit social entrepreneurship is the only sort that can lead to the alleviation of poverty. Entrepreneurship for profit is not just about the entrepreneur doing well. Entrepreneurs worldwide are leading successful for-profit ventures which contribute to poverty alleviation in their communities. With the challenge of global poverty before them, entrepreneurs continue to develop innovative, business-oriented ventures that deliver promising solutions to this complex and urgent agenda. This book explores how to bring commercial investors together with those who are best placed to reach the poorest customers. With case studies from around the World, the focus of the contributions is on the new breed of entrepreneurs who are blending a profit motive with a desire to make a difference in their communities and beyond borders. A number of the contributions here also recognize that whilst much research has been devoted to poverty alleviation in developing countries, this is only part of the story. Studies in this volume also focus upon enterprise solutions to poverty in pockets of significant deprivation in high-income countries, such as the Appalachia region of the US, in parts of Europe, and the richer Asian countries. Much has been written about the achievements of socially orientated non-profit microfinance institutions. This valuable, academically rigorous but accessible book will help academics, policy makers, and business people consider what the next generation of more commercially orientated banks for the 'bottom billion' might look like.


Poverty and Entrepreneurship in Developed Economies

Poverty and Entrepreneurship in Developed Economies
Author: Michael H. Morris
Publisher: Edward Elgar Publishing
Total Pages: 264
Release: 2018-11-30
Genre: Business & Economics
ISBN: 1788111540

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While extensively explored as a solution to poverty at the base of the pyramid, this is the first in-depth examination of entrepreneurship and the poor within advanced economies. The authors explore the underlying nature of poverty and draw implications for new venture creation. Entrepreneurship is presented as a source of empowerment that represents an alternative pathway out of poverty.


Informational Entrepreneurship in a World with Limited Insight

Informational Entrepreneurship in a World with Limited Insight
Author: James O. Fiet
Publisher: Springer Nature
Total Pages: 353
Release: 2022-11-01
Genre: Business & Economics
ISBN: 3031165322

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This book organizes entrepreneurship theory in a way that constitutes a new body of knowledge, which is Informational Entrepreneurship. It can serve as a basis for teaching entrepreneurship and reducing performance uncertainty. Although entrepreneurship is not entirely about information, information determines how it can be systematically understood while depending less on luck. It also offers the only known, experimentally tested approach that incorporates decision support tools. Other known approaches rely on exposition for validation; whereas, Informational Entrepreneurship uses two-sample experiments that controlled for other explanations as well as experimenter bias. It will appeal to those studying and teaching entrepreneurship who are looking for a prescriptive approach, rather than a descriptive approach.


Business, Entrepreneurship and Innovation Toward Poverty Reduction

Business, Entrepreneurship and Innovation Toward Poverty Reduction
Author: Steven Si
Publisher: Routledge
Total Pages: 302
Release: 2021-07-26
Genre: Business & Economics
ISBN: 1000425886

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Ways in which poverty can be reduced in both countries and regions through business, entrepreneurship and government has been a hot issue for researchers and policymakers in recent years. Governments can play an important role in helping the poor people by non-profit organizations and others that help to seed business among the poor. Businesses increasingly also see the large number of people in severe poverty not only as an issue for social concern, but also as a potentially large untapped market of consumers for goods and services. Some scholars have called for poverty reduction through entrepreneurship owing to the fact that it can be an efficient path to also change the poor's attitudes and behaviours from a passive mode, to a more active mode towards poverty reduction economically and socially. In addition, the sharing economy brings opportunities where everyone is a micro-entrepreneur. There is a recognition that these types of entrepreneurship above could offer the greatest single potential means to move individuals out of poverty in the nations and regions in the next 5-10 years. This book provides new and valuable analyses of poverty and business, entrepreneurship and innovation in current nations and regions including developing and developed countries. As business, entrepreneurship and innovation can help to generate greater business activity in settings of severe poverty, they will help to solve poverty, as individuals in severe poverty are able to both generate greater incomes and accumulate greater assets as they participate with large firms in those activities. The chapters in this book were originally published as a special issue of the Entrepreneurship & Regional Development.


The Business Solution to Poverty

The Business Solution to Poverty
Author: Paul Polak
Publisher: Berrett-Koehler Publishers
Total Pages: 307
Release: 2013-09-09
Genre: Business & Economics
ISBN: 1609940792

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Right now the number of people living on $2 a day or less is more than the entire population of the world in 1950. These 2.7 billion people are not just the world’s greatest challenge—they represent an extraordinary market opportunity. By learning how to serve them ethically and effectively, businesses can earn handsome profits while helping to solve one of the world’s most intractable problems. The key is what Paul Polak and Mal Warwick call Zero-Based Design: starting from scratch to create innovative products and services tailored for the very poor, armed with a thorough understanding of what they really want and need and driven by what they call “the ruthless pursuit of affordability.”Polak has been doing this work for years, and Warwick has extensive experience in both business and philanthropy. Together, they show how their design principles and vision can enable unapologetic capitalists to supply the very poor with clean drinking water, electricity, irrigation, housing, education, healthcare, and other necessities at a fraction of the usual cost and at profit margins attractive to investors. Promising governmental and philanthropic efforts to end poverty have not reached scale because they lack the incentives of the market to attract massive resources. This book opens an extraordinary opportunity for nimble entrepreneurs, investors, and corporate executives that will result not only in vibrant, growing businesses but also a better life for the world’s poorest people.


Religious Doctrines and their Influence on Entrepreneurship

Religious Doctrines and their Influence on Entrepreneurship
Author: James O. Fiet
Publisher: Springer Nature
Total Pages: 292
Release: 2023-11-25
Genre: Business & Economics
ISBN: 3031433866

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This book explores how religious doctrines influence launching a new venture. It examines 16 Christian denominations and 9 world religions and how they would reasonably be expected to apply more than 20 distinct doctrines each to entrepreneurship. It is not an examination of doctrinal veracity because adherents have confidence in their beliefs. Rather, it examines how they will evaluate the attractiveness of entrepreneurship through the lenses of their beliefs, assuming they receive what they expect. More than 100 years ago, Max Weber pitted Protestantism against Hinduism in a single hypothesis. The current study is a multifactorial examination that covers the world’s major religions, as well as most of their doctrines. It is the first comprehensive examination of how entrepreneurs view the world through the lenses of their religious doctrines, which represent the formalization of their most deeply held beliefs.


Entrepreneurship in a Time of Social Justice Advocacy

Entrepreneurship in a Time of Social Justice Advocacy
Author: James O. Fiet
Publisher: Springer Nature
Total Pages: 329
Release: 2023-07-08
Genre: Business & Economics
ISBN: 303135463X

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This book offers a critique of social justice theory and its impact on entrepreneurship scholarship. It traces its deep roots in postmodernism by positioning entrepreneurship within these new intellectual, social, and economic environments. It highlights current philosophical assumptions, with implications for boundary conditions that we apply as scientists. Science depends on theoretical assumptions and boundary conditions. Unfortunately, a glaring weakness in entrepreneurship research has been its general failure to identify these premises. No theory is universally applicable, so its assumptions and boundary conditions are what give it analytical power. Where do they come from? Simply stated, they come from a theory's philosophy of science. However, even more rare than stating assumptions and boundary conditions is to discuss a study's governing philosophy. In fact, no known research published in entrepreneurship has discussed a study's philosophical orientation. This provocative work details postmodern concerns related to critical theory, their origins, their status, and specifically how they impact entrepreneurship and those who are not designated as either the victimized or part of the white patriarchy. It will challenge the current direction of entrepreneurship research and confront the general acceptance of the tenets of postmodernism among management scholars.


Marginality

Marginality
Author: Joachim von Braun
Publisher: Springer
Total Pages: 389
Release: 2013-08-19
Genre: Science
ISBN: 9400770618

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This book takes a new approach on understanding causes of extreme poverty and promising actions to address it. Its focus is on marginality being a root cause of poverty and deprivation. “Marginality” is the position of people on the edge, preventing their access to resources, freedom of choices, and the development of capabilities. The book is research based with original empirical analyses at local, national, and local scales; book contributors are leaders in their fields and have backgrounds in different disciplines. An important message of the book is that economic and ecological approaches and institutional innovations need to be integrated to overcome marginality. The book will be a valuable source for development scholars and students, actors that design public policies, and for social innovators in the private sector and non-governmental organizations.​