Business, Entrepreneurship and Innovation Toward Poverty Reduction

Abstract

Poverty reduction has become a core subject for researchers across the social sciences from economics to finance, management and entrepreneurship. In general, the faster and more widespread economic growth in recent decades has enabled large numbers of people to move out of poverty such that extreme poverty has fallen to less than ten percent of world population. However, it is increasingly clear that while some countries and regions have seen dramatic improvement of poverty, there are other places with large numbers of people still in poverty that can greatly benefit from poverty alleviation efforts. Management scholars and economists increasingly recognize that entrepreneurship may offer a significant part of the solution to poverty around the world. A related focus regarding the ways in which poverty can be reduced in through entrepreneurship and new venture creation, however, how to link the key issues above with the current platform, network/digital and sharing economies, how to find new ways and new solutions to effectively reduce poverty in now political, economic and global contexts still needs to be better understood. This Special Issue has set the goals of publishing work that builds knowledge about thenature of poverty reduction and business, entrepreneurship and innovation activities in both developed and developing economies, as well as their models, antecedents and consequences related with the current platform.

Thriving in the New Normal: The HR Microfoundations of Capabilities for Business Model Innovation. An Integrated Literature Review

“…In that, our findings are consistent with Verbeke’s postulation. For example, the role of BMI in the New Normal leads to virtuous cycles as it enables firms to form more effective partnerships with socially orientated NGOs in accessing difficult‐to‐reach market segments in emerging economies, which may contribute to the decline of absolute poverty (Si et al, ; Pinkovskiy and Sala‐i‐Martin, ; Schwab and Sala‐i‐Martin, ). However, BMI in the New Normal can also lead to vicious cycles such as exarcebating the rise of the ‘gig economy’ (CIPD, ; De Stefano, ) thereby the growth of an insecure and perhaps transient precariat class (Standing, ) and hence add to social unrest (Dabla‐Norris et al, ).…”

“…For instance, the increasing success of firms seeking growth by operating globally across sectors and markets (Ahlstrom, ; Van Reenen, ) corresponds with the rise of BMIs that allow firms to be more sophisticated in the way they address the ‘compete vs collaborate’ conundrum and other innovation puzzles (Christensen et al, ; Sohl et al, ; Velu, ). Similarly, the fall in poverty in many parts of the world in recent years (Pinkovskiy and Sala‐i‐Martin, ; Si et al, ) corresponds to the rise of locally based, innovative business models such as Grameen Bank’s microfinancing and other initiatives encouraging new ventures and freer markets (McCloskey, , ; Yunus et al, ). These observations suggest that BMI is a crucial factor for firms to enhance performance by thriving in the New Normal, as BMI enables firms to enhance partnerships with competitors, diversify when local markets are saturated, and to meet new consumer demands and opportunities as they are quickly enabled.…”

Entrepreneurship Education as a Strategy to Build Regional Sustainability

“…This happens by a wide range of activities, including real-time business development, mentoring, coaching, lectures and the establishment of a social arena enabling knowledge sharing and reflection [19,41,42]. This collaborative effort between regional and international actors as well as private and public actors builds and maintains an entrepreneurship ecosystem which counteracts the brain-drain effect by leveraging transaction and social costs for enterprising people [6,41] as a supplement to university training, thereby strengthening rural resilience [6][7][8][9][10]13,[43][44][45][46][47].…”

The Role of Women in a Family Economy. A Bibliometric Analysis in Contexts of Poverty

“…In this case, we are interested in reviewing studies that have examined the possibilities of development and/or economies supported by the family structure in this context of poverty. Accordingly, we can find works that address the possibilities of entrepreneurship in these scenarios [36,37]; others that point toward the redistribution of resources [38,39]; and those that describe micro-credit experiences that make possible, under certain circumstances, the exit from this condition of poverty [40][41][42].…”