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 best 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.
Contents: Foreword; Part I Prologue: Prologue: entrepreneurship and sustainability: can business really alleviate poverty?, Daphne Halkias and Paul W. Thurman; Introduction: business fights poverty: how enterprise, technology and people are changing the way we change lives, Zahid Torres-Rahman. Part II Asia: China: entrepreneurship and poverty alleviation: a Chinese case study, Xin Deng; Lebanon: does microcredit alleviate poverty? Entrepreneurship and sustainability in Lebanon, Janine Saba Zakka; Malaysia: entrepreneurship and sustainability in Malaysia: business solutions for poverty alleviation, Norashfah Hanim Yaakop Yahaya Al-Haj; New Zealand: innovation in poverty research: developing measurements for monitoring social policy impacts on poverty, Paul W. Thurman, Franco Vaccarino and Daphne Halkias; Pakistan: the pro-poor innovative female entrepreneur: linking grassroots enterprises to upscale markets in Pakistan, Shehla Riza Arifeen; The Philippines: an entrepreneur's contribution to poverty alleviation in the Philippines, Andrea Santiago and Fernando Roxas. Part III Africa: East Africa: ethnic supplies: empowering African women through sustainable entrepreneurship, Mirka Fragoudakis, Patrick Akrivos and Daphne Halkias; Nigeria: poverty alleviation consequences of rural educational enterprise: a case study of Madonna University in Elele, Nigeria, Chinyere Nwajiuba, Chinedum Nwajiuba and Kingsley Nwaodu; South Africa: empowering women entrepreneurs in the fight against poverty: the case of the Coca-Cola Company, Chris M. Adendorff; Uganda: Noir/Illuminati II: defining socially responsible affordable luxury clothing, Benoit Leleux; Zambia: a collaborative multi-stakeholder approach to entrepreneurship skills development in Zambia, Ekanath Khatiwada and Norma Juma. Part IV Europe: Cyprus: the Women's Cooperative Bank, Ioannis Violaris and Athanasia Tziortzi; Czech Republic: social entrepreneurship in the Czech Republic, Eva Abramuszkinová Pavlíková; Greece: mastiha from the island of Chios, Greece: a case of sustainable and distributed entrepreneurship, Ioannis N. Katsikis and Klas Eric Soderquist; Italy: the interplay between sustainability and family entrepreneurship: an Italian case study, Giovanna Campopiano, Lucio Cassia and Alfredo De Massis; Russia: entrepreneurship and sustainability: business solutions for poverty alleviation from around the world, Natalia Vinokurova, Irina Kratko, Valeria Raskutina and Natalia Nazarenko; Scotland: cutting it: creating space for the knowledge intensive economy, Claire Seaman and Stuart Graham; United Kingdom: can issues of poverty be addressed through the emergence of relationally embedded social franchises?, Fiori A. Zafeiropoulou and Adrian Woods. Part V The Americas: Colombia: 'kambiri', an entrepreneurial alternative for Afro-descendent women displaced by violence, Melquicedec Lozano, Kathy Overbeke and Keanon Alderson; California, USA: supporting the green economy in India: driving global change through local action, Sylva M. Caracatsanis, Shaherose Charania and Emily Goligoski; South Carolina, USA: sustainability and social responsibility in a family sandwich shop: a case study, Teresa L. Smith and Jean-Luc E. Grosso. Epilogue; Index.
About the Editor: Daphne Halkias, PhD. is
Senior Research Fellow at The Center for Youth and Family Enterprise,
University of Bergamo; Research Affiliate at the Institute for Social
Sciences, Cornell University; an Affiliate at Institute of Coaching,
McLean Hospital at Harvard Medical School: and Research Associate at the
Center for Comparative Immigration Studies, University of California,
San Diego. Halkias is CEO of Executive Coaching Consultants and Editor
of the International Journal of Social Entrepreneurship and Innovation.
She is a Member of 'Business Fights Poverty'
Paul W. Thurman, MBA, is
Clinical Professor, School of International and Public Affairs and
Mailman School of Public Health, Columbia University, New York. His
international teaching, consulting, coaching and management experience
spans strategic visioning, operations and change management, and
technology strategy and implementation. Thurman sits on the Editorial
Board of the International Journal of Social Entrepreneurship and
Innovation and is a member of ‘Business Fights Poverty’.
Reviews: 'Fortunately, for the past decade or
so a small but growing minority of the field of international
development has seen the light and changed course. They are the unsung
heroes of the modern world, struggling against tremendous odds to help
the local business sector in poor countries. The system is still
overwhelmingly against them, but they make new converts every year. We
who live well, who already benefit from a local business sector, salute
them. This book gives you a window into this new sub-field of
international development that aims to fight poverty through local
business. Read it for inspiration, both practical and spiritual: it
gives you ideas to use and adapt elsewhere if you're in the sub-field or
want to join it. And, most of all, it gives us hope that all is not
lost.'
William R. Duggan, Columbia University, USA and Co-Author with Glenn Hubbard of The Aid Trap:Hard Truths About Ending Poverty
'This
is a book of inspiring and important stories for anyone interested in
making this world a better place. Whether you are a CEO, student or
aspiring professional, this book provides a refreshing perspective on
how and why entrepreneurs around the world are pioneering innovative
business solutions to poverty.'
Zahid Torres-Rahman, Founder and Director, Business Fights Poverty and CEO, Inspiris Ltd
'In
my years of working in developing countries, I have always been struck
by the power of entrepreneurship as an effective means of poverty
reduction. This global perspective on entrepreneurship as a means of
poverty alleviation is a welcome addition to the ongoing development
conversation.'
Howard S. Friedman, Columbia University, USA and author of Measure of a Nation