Competition is good for everybody.... Competition helps bring out everybody's potential...
Entrepreneurship
George Ayittey, Ghanaian economist and author, said: “Every social need is a business opportunity.” The developing world is teeming with entrepreneurs who are seeking to solve those social needs through business. Unfortunately, there are significant barriers keeping many of these entrepreneurs from being successful. Learn what models exist that allow us to partner with those same entrepreneurs so they can thrive.
The entrepreneur is the creative element indispensable to economic growth, the risk-taking “e variable” who pursues a vision to create value and serve customers in a new way.
In OECD countries, 95% of all companies are small and medium enterprises (SMEs), employing 75% of the entire workforce in places like Europe and America.
Microfinance refers to the financial services industry for poor people in the developing world who have historically lacked access to even the most basic financial options.
C. Neal Johnson defines business as mission (BAM)* as “a for-profit commercial business venture that is Christian led, intentionally devoted to being used as an instrument of God’s mission to the world (missio dei), and is operated in a cross-cultural environment, either domestic or international.”
The experience of the last 200 years demonstrates that living standards can be raised even as population density rapidly increases.
Savings Groups are a unique model that bring economic, social, and spiritual benefits to their members. While they do not radically reduce poverty levels, they powerfully demonstrate the agency and creative capacity of those living in material poverty.