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Strategy and poverty

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  • Alan E. Singer

Abstract

Currently, entrepreneurs and corporations overwhelmingly do not view poverty alleviation as a strategic priority. It is argued here that this mindset, with an associated ideology, is a major cause of poverty in the world. At the outset, distinctive forms of poverty are identified, together with a review of the positive and negative effects of various entrepreneurial activities on each form. These activities can be described as creation and destruction of multiple forms of capital (i.e. financial, human, social, etc.). In order to reduce poverty, entrepreneurs have to find ways of limiting the negative and destructive aspects, by first identifying poverty as a strategic problem and opportunity, then intentionally designing strategies that can achieve a synthesis, in partnership with governments. Some examples of this approach are indicated in the final section.

Suggested Citation

  • Alan E. Singer, 2004. "Strategy and poverty," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 4(5), pages 426-449.
    • Handle: RePEc:ids:ijeima:v:4:y:2004:i:5:p:426-449
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