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Poverty, Disadvantage, and the Promise of Enterprise - Michael H. Morris, Susana C. Santos

Poverty, Disadvantage, and the Promise of Enterprise

A Capabilities Perspective
Buch | Hardcover
280 Seiten
2024
Lexington Books/Fortress Academic (Verlag)
978-1-6669-3380-2 (ISBN)
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This book explores entrepreneurship as both a pathway out of poverty and a vehicle for enhancing personal well-being.
Can entrepreneurship serve as a pathway out of poverty? Are the poor able to create ventures that can improve their economic circumstances and enhance their lives? Poverty, Disadvantage and the Promise of Enterprise: A Capabilities Perspective argue that “it depends”. To understand the poverty and entrepreneurship interface, we must first understand poverty. Using a lens of disadvantage theory and the capabilities framework, the book explores the implications of poverty’s complex, multi-dimensional nature when one is trying to start and grow a business. Four key liabilities directly impact the opportunities these individuals are able to recognize, the types of ventures they create, how the businesses perform, and the impacts on the well-being of the entrepreneur. Because of these liabilities, these ventures tend to fall into what the authors call the commodity trap, where they struggle with low sales volumes and marginal profits. However, the trap is avoidable, and, with the right kinds of support, the performance of these ventures can be meaningfully improved. Key design elements of a successful intervention approach, together with an alternative perspective on the roles of community-based entrepreneurial ecosystems and public policy, are introduced. Emphasis is also placed on the critical roles of faith, hustle, and the fears of both failure and success.

Michael H. Morris is professor of entrepreneurship & social innovation at the University of Notre Dame’s Keough School of Global Development. Susana C. Santos is associate professor of entrepreneurship in the Jim Moran College of Entrepreneurship at Florida State University.

Contents

Preface

Part I: Entrepreneurship as Human Empowerment

Chapter One: The Promise of Entrepreneurship: An IHD Perspective

Chapter Two: Disadvantage, Capability and Entrepreneurship

Chapter Three: Types of Ventures and the Poverty Entrepreneur

Chapter Four: The Underlying Nature and Importance of Ventures of the Poor

Part II: Understanding the Poverty Context

Chapter Five: The Liabilities of Poorness

Chapter Six: Opportunity Horizons and Poverty

Chapter Seven: Rethinking the Entrepreneurial Mindset

Part III: From Fragility to Sustainability

Chapter Eight: The Commodity Trap and Venture Fragility

Chapter Nine: Identity, Fear of Failure and Fear of Success

Chapter Ten: The Role of Faith in Poverty Entrepreneurship

Part IV: Fostering an Entrepreneurial Revolution

Chapter Eleven: Interventions, Contraventions and a Pathway to Sustainability

Chapter Twelve: Institutional Voids and the Role of Community

Chapter Thirteen: A New Policy Paradigm: Fostering Capabilities and Well-being

About the Authors

Erscheinungsdatum
Sprache englisch
Maße 160 x 235 mm
Gewicht 558 g
Themenwelt Sozialwissenschaften Soziologie Makrosoziologie
ISBN-10 1-6669-3380-5 / 1666933805
ISBN-13 978-1-6669-3380-2 / 9781666933802
Zustand Neuware
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