Polak and Warwick fully understand that business, not aid, offers the greatest opportunity to serve the world’s three billion people living in poverty and that a profit-based solution will move the needle far faster than tired models of traditional philanthropy. Your highlights will appear here. We rate each piece of content on a scale of 1–10 with regard to these two core criteria. Get this from a library! By Paul Polak and Mai Warwick (New York: Berrett-Koehler Publishers, 2013) This past weekend, my son participated in Walk for Water, a charity event to raise money to provide water filtration systems to families in a village in Guatemala. The Business Solution to Poverty: Designing Products and Services for Three Billion Customers. The authors outline workable strategies and offer examples of successes and failures. They propose to harness the power of free enterprise to begin meeting the most basic needs of the poor . For beginners – You’ll find this to be a good primer if you’re a learner with little or no prior experience/knowledge. Parker stresses that poverty is more ugly, cruel and devastating than it is shown in newspapers. Bold – You’ll find arguments that may break with predominant views. The Business Solution to Poverty . Billions of impoverished people remain outside the scope of typical trade, but they are potential customers far from saturated northern markets. Though market-based approaches aren’t new, Polak and Warwick lay out a practical and systematic way to work on a global scale, transforming the lives of hundreds of millions of poor people.” —President Bill Clinton “In down-to-earth prose that's a pleasure to read, Polak and Warwick describe in detail, and with abundant examples, how to build a multinational business that will help end the tragedy of poverty—while opening up new markets and returning attractive profits. Your view of poverty—and perhaps of business, too—will never be the same.” —Gifford Pinchot, President, Bainbridge Graduate Institute “The Business Solution to Poverty turns Paul Polak’s groundbreaking work to expand affordable irrigation for the dollar-a-day farmer into a compelling and practical vision to eradicate poverty. I believe we have a responsibility to do so, too. The key is what Paul Polak and Mal Warwick call Zero-Based Design: starting from scratch to create innovative products and services tailored for the very poor, armed with a thorough understanding of what they really want and need and driven by what they call “the ruthless pursuit of affordability.”Polak has been doing this work for years, and Warwick has extensive experience in both business and philanthropy. The Business Solution to Poverty shows the way, step by step, with countless examples that virtually leap off the page.” —Barbara Lee, cofounder and Cochair, Congressional Out-of-Poverty Caucus, and Chair, Democratic Whip Task Force on Poverty and Opportunity “Paul Polak and Mal Warwick have written an insightful and accessible guide for co-investing in a way that enriches the livelihoods of the poor and the souls of investors. [Paul Polak; Mal Warwick] -- The 2.7 billion people living on $2 a day (or less) are not just the world's greatest challenge, they represent an extraordinary market opportunity. But now we have a promising alternative approach to this age-old challenge. The business solution to poverty : designing products and services for three billion new customers. Review. By clicking SIGN UP, I acknowledge that I have read and agree to Penguin Random House’s, Editor's Picks: Science Fiction & Fantasy, Stories Read By Your Favorite Celebrities, Runner’s World Essential Guides: Barefoot Running and Minimalism, Business Partnering for Continuous Improvement, Quit Smoking Today Without Gaining Weight, Deer & Deer Hunting’s Guide to Hunting in the Rut, Discover Book Picks from the CEO of Penguin Random House US. Paul Polak and Mal Walwick. By learning how to serve them ethically and effectively, businesses can earn handsome profits while helping to solve one of the world’s most intractable problems. The nearly three billion people living on two dollars a day are not just the world’s greatest challenge - they represent an extraordinary market opportunity. New developments in agriculture (long) Visionary – You’ll get a glimpse of the future and what it might mean for you. Here's what the ratings mean: Applicable – You’ll get advice that can be directly applied in the workplace or in everyday situations. The Singer Solution to World Poverty October 11, The Singer Solution to World Poverty In his article in the New York Times, Peter Singer, speaks of selfless philanthropy driven by self-guilt at excess spending as the panacea to solve the poverty problems of the world (Singer, 1999). Background – You’ll get contextual knowledge as a frame for informed action or analysis. Polak and Warwick hold that multinational corporations must recognize that their continued growth depends on creating markets and products for these populations. [Paul Polak; Mal Warwick] -- The nearly three billion people living on $2 a day are not just the world?s greatest challenge?they represent an extraordinary market opportunity. Sep 09, 2013 while making a profit. Inspiring – You’ll want to put into practice what you’ve read immediately. I believe Spring Health will grow quickly into a very big company. There is no opportunity to get rid of poorness at once. Right now the number of people living on $2 a day or less is more than the entire population of the world in 1950. Select the sections that are relevant to you. 10 Solutions to End Poverty. Ten years ago, CK Prahalad's book, The Fortune at the Bottom of the Pyramid, theorized that companies could make money - and help reduce poverty - by serving and selling to … In summary, we need to balance the greed of corporations with the needs of our people. Together, they show how their design principles and vision can enable unapologetic capitalists to supply the very poor with clean drinking water, electricity, irrigation, housing, education, healthcare, and other necessities at a fraction of the usual cost and at profit margins attractive to investors. Hot Topic – You’ll find yourself in the middle of a highly debated issue. Poverty in the Philippines dropped by 26.6 percent in 2006 to 21.6 percent in 2015. Everyone deserves a chance to live a comfortable and dignified life. Whether you’re an entrepreneur or investor, The Business Solution to Poverty has an abundance of examples of what it takes for enterprises to be successful and transformational in emerging markets.” —Bob Pattillo, founder, Gray Ghost Ventures “Few people in rich countries like the United States can imagine what poverty in the developing world is really like. Scientific – You’ll get facts and figures grounded in scientific research. It is like an acid that destroys pride, honor, health, and future. Addressing poverty would eliminate a “horrendous waste of human talent,” alleviate tremendous suffering, reduce political repression and violence, and help protect the environment from degradation and overpopulation. The Business Solution to Poverty is a challenging book - especially if one has given over his soul to working with a Non-Governmental Agency (Rotary) to do good in the world. What we say here about books applies to all formats we cover. Please try again later. Dr. Paul Polak, author of 'Out of Poverty: What Works When Traditional Approaches Fail' and co-author of 'The Business Solution to Poverty'. Poverty, the state of one who lacks a usual or socially acceptable amount of money or material possessions.Poverty is said to exist when people lack the means to satisfy their basic needs. Polak’s personal experience delivering needed basic services over the last mile is what makes this book powerful.” —Jay Coen Gilbert, cofounder, B Lab “The Business Solution to Poverty makes a strong case that business, employing innovative technology, can effectively end extreme poverty in collaboration with government and local communities.” —Rajiv J. Shah, Administrator, United States Agency for International Development, Preface Introduction–Eight Keys to Ending Poverty PART ONE: ONLY BUSINESS CAN END POVERTY Chapter 1–“The Poor Are Very Different From You and Me” Chapter 2–What Is “Poverty?” Chapter 3–What Can Government and Philanthropy Do? In these few pages, Polak and Warwick provide us with a detailed blueprint for the construction of new business ventures that will directly address the scourge of poverty.” —Anand Mahindra, Chairman, Mahindra & Mahindra “The Business Solution to Poverty is an incredible resource for values-driven business leaders and entrepreneurs who want to improve performance, foster meaningful social change, and enhance the bottom line. For experts – You’ll get the higher-level knowledge/instructions you need as an expert. Sixteen entrepreneurs had the chance to present their companies’ plans at the United States Institute of Peace this past month. Yet well-intentioned aid has so far not made a dent in poverty levels. Paul Polak founded IDE and Windhorse International, and cofounded SpringHealth India. To get back to prerecession employment levels, we must create 5.6 million new jobs. Eye opening – You’ll be offered highly surprising insights. Insider’s take – You’ll have the privilege of learning from someone who knows her or his topic inside-out. Innovative – You can expect some truly fresh ideas and insights on brand-new products or trends. *getAbstract is summarizing much more than books. https://www.knowledgeidea.com/causes-of-poverty-and-its-solution Social responsibility advocate Mal Warwick is board chairman of Mal Warwick-Donordigital. Along with the moral and social reasons for doing everything possible to lift people from poverty, companies need new markets and new customers, creating a business case for helping to eliminate global destitution. This astounding book will teach you how to practice ruthless affordability, zero-based design, last-mile delivery, and other essentials of poverty alleviation. 258 words (The information below is incorrect) Related Posts: Economic development: A solution or cause of poverty? Comprehensive – You’ll find every aspect of the subject matter covered. 2. Executive summary Scholars and practitioners increasingly argue that entrepreneurship is a critical means of extreme poverty alleviation and research on this topic is growing (Bruton et al., 2013). Paul Polak and Mal Warwick’s approach is original, ambitious, and practical—and it just may be the key to reducing the number of people in poverty on a very large scale. -Anand Mahindra, Chairman, Mahindra & Mahindra "The Business Solution to Poverty is an incredible resource for values-driven business leaders and entrepreneurs who want to improve performance, foster meaningful social change, and enhance the bottom line. Allowing 2.7 billion people to subsist in poverty – meaning earning less than $2 a day – is a moral stain on humanity, but it is also a practical loss that affects everyone on the planet. Key Programs to Help Reduce Poverty in the Philippines These emerging markets represent a vast opportunity for successful enterprises to flourish successfully, and the authors give us a practical guide to doing so.” —Kellie A. McElhaney, author of Just Good Business and Founding Faculty Director, Center for Responsible Business, Haas School of Business, University of California, Berkeley “This is a very practical and compelling set of takeaway ideas to accelerate the use of business tools to end poverty. We The People Demand: 1. The full equality between men and women in public as well as private areas of life, a worldwide minimum wage of $20 per day and the end of child labor under the age of 16 with the creation of a subsidy for scholarship. We look at every kind of content that may matter to our audience: books, but also articles, reports, videos and podcasts. An indispensible resource for all with a big idea, an entrepreneurial spirit, and a drive to make poverty history.” —Sandra Postel, author, lecturer, and Director, Global Water Policy Project “Though The Business Solution to Poverty presents a powerful case for a market-based path to a world without poverty, it also lays out a practical and compelling vision of the role that philanthropy and NGOs can play.” —Neelam Makhijani, Chief Executive, Resource Alliance “The Business Solution to Poverty helps us understand what poverty looks like in developing countries. The Business Solution to Poverty. This expensive failure underscores that only a market-based mechanism can make a difference. . Helpful – You’ll take-away practical advice that will help you get better at what you do. Such market opportunities have a significant dimension of social responsibility. 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