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Poverty Alleviation through Partnerships: A Road Less Travelled for Business, Governments, and Entrepreneurs

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  • Craig VanSandt

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  • Mukesh Sud

    ()

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    Abstract

    While investigating the role of business and accepting that profitable partnerships are the primary solution for poverty alleviation, we voice certain concerns that we hope will extend the authors’ discourse in Alleviating Poverty through Profitable Partnerships. We present a model that we believe can serve as an effective framework for addressing these issues. We then establish the imperative of inclusive growth. Here, we engage with the necessity of formulating strategies that focus on the pace and, importantly, the pattern of economic growth, including its social and cultural dimensions. We also deliberate on the parameters of inclusive growth with the overriding objective of ensuring that multiple strata of society share the benefits of globalization. Turning to the critical role of institutions in promoting social welfare, we explore the impact of government policy vis-à-vis the leverage enjoyed by other social institutions. Despite the reality that state and private interests often operate at cross purposes, we argue that government must still be an integral part of the solution matrix. With direction from other social institutions, entrepreneurial forces can be unleashed to tackle endemic poverty prevalent in the base of the pyramid. We then provide an in-depth case study in which the availability of telecommunications in rural areas was utilized as a means to foster development and ensure inclusive growth. The conclusion examines lessons learned while operationalizing the model, and spells out the impact of our enablers at ground level. Copyright Springer Science+Business Media B.V. 2012

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    File URL: http://hdl.handle.net/10.1007/s10551-011-1160-y
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    Bibliographic Info

    Article provided by Springer in its journal Journal of Business Ethics.

    Volume (Year): 110 (2012)
    Issue (Month): 3 (October)
    Pages: 321-332

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    Handle: RePEc:kap:jbuset:v:110:y:2012:i:3:p:321-332

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    Web page: http://www.springerlink.com/link.asp?id=100281

    Related research

    Keywords: Base of the pyramid; Collaborative entrepreneurship; Inclusive growth; Poverty alleviation; Profitable partnerships; Social institutions;

    References

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    1. Hacker, Jacob S., 2008. "The Great Risk Shift: The New Economic Insecurity and the Decline of the American Dream," OUP Catalogue, Oxford University Press, number 9780195335347.
    2. Mukesh Sud & Craig VanSandt & Amanda Baugous, 2009. "Social Entrepreneurship: The Role of Institutions," Journal of Business Ethics, Springer, vol. 85(1), pages 201-216, February.
    3. Zoltan J. Acs & Attila Varga, 2004. "Entrepreneurship, Agglomeration and Technological Change," Papers on Entrepreneurship, Growth and Public Policy 2004-06, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
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