Developing Social Entrepreneurship offers a new, innovative model that can be implemented in the developing world to help alleviate poverty. In this model, called the Micro-consignment Model (MCM), local entrepreneurs work together with businesses to develop a distribution channel for essential goods and services.
Starting with an explanation of the field of social entrepreneurship as it stands today, Smith and Van Kirk show how this model is a development that builds and improves upon some of the existing models. For example, micro-credit and micro-franchise models still require an initial financial investment (and therefore risk) from the entrepreneur, while the micro-consignment model does not. The book also offers practical insights into applying the model, and making it scalable and replicable.
This book will be an engaging read for students in social entrepreneurship classes, and to practitioners, businesses and NGOs committed to poverty alleviation.
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Brett R. Smith is Founding Director of the Center for Social Entrepreneurship at Miami University, Ohio.
Greg Van Kirk is an Ashoka-Lemelson Fellow and co-founder of the New Development Solutions Group.Review:
'Smith and Van Kirk have developed the term micro-consignment and the value that it provides to aspiring entrepreneurs in developing economies. Their work is important to serving those who live below the poverty line.' - Debbi Brock, Anderson University, USA
'The Micro-Consignment Model is nothing short of social innovation gold – a replicable, scalable, self-sustaining, high-yield opportunity that empowers individuals in the poorest and most remote parts of the world to be the change they seek in their communities. Brett and Greg provide a complete, concise, and understandable model for empowering individuals and communities to make a difference. MCM works, and every student, scholar, and practitioner seeking to make real change in the world should consider it required reading!'-Christopher E. Stevens, Ph.D. – Assistant Professor of Entrepreneurship and Director, Hogan Entrepreneurial Leadership Program – Gonzaga University, USA
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