At getAbstract, we summarize books* that help people understand the world and make it better. 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. However, this research remains fragmented, espousing distinct assumptions and perspectives. 6 BUSINESS SOLUTIONS TO POVERTY: – How inclusive business models create opportunities for all in Emerging Europe and Central Asia profits and higher incomes. https://www.knowledgeidea.com/causes-of-poverty-and-its-solution Inspiring – You’ll want to put into practice what you’ve read immediately. John E. Wade II. Moreover, it challenges us to consider how to best reach potential customers at the bottom of the pyramid by calling for a revolution not just in design but also in corporate blueprints—ushering in a new breed of businesses that should help transform the marketplace in emerging markets.” —Randall T. Kempner, Executive Director, Aspen Network of Development Entrepreneurs “Paul Polak is a hero of mine. This astounding book will teach you how to practice ruthless affordability, zero-based design, last-mile delivery, and other essentials of poverty alleviation. 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. 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 … [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. We look at every kind of content that may matter to our audience: books, but also articles, reports, videos and podcasts. Yet well-intentioned aid has so far not made a dent in poverty levels. This astounding book will teach you how to practice ruthless affordability, zero-based design, last-mile delivery, and other essentials of poverty alleviation. In the immediate and short term there is a need to enhance government's poverty reduction strategy and involve key sectors for a collective and coordinated response to the problem. 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). The question of solving the problem of poverty bothers every single country in the world. Eloquent – You’ll enjoy a masterfully written or presented text. Please try again later. She defines poverty as a lack – that is living without hope, better foods, medicinal care, proper sanitation, and proper education. Engaging – You’ll read or watch this all the way through the end. 10 Solutions to End Poverty. Insider’s take – You’ll have the privilege of learning from someone who knows her or his topic inside-out. We The People Demand: 1. Publisher's Summary. 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. Designing Products and Services for Three Billion New Customers. The business solution to poverty : designing products and services for three billion new customers. Sep 09, 2013 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. What we say here about books applies to all formats we cover. You can learn how to build such a company through this extraordinary book. New developments in agriculture (long) For business, they include winning new customers, expanding the workforce, and strengthening supply and delivery chains. In summary, we need to balance the greed of corporations with the needs of our people. It provides key success factors, a brilliant list of 20 “takeaways”, and plain language case studies from the field. Select the sections that are relevant to you. Scientific – You’ll get facts and figures grounded in scientific research. Summary “A Compelling Business Case” 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. The Business Solution to Poverty will help readers everywhere understand both the enormous human toll that poverty takes and the true potential to end it.” —Van Jones, cofounder, Green for All and Rebuild the Dream “Finally, a solutions-focused approach, as opposed to the typical problems-focused approach, toward solving one of the most pressing global issues of our time—global poverty. | ISBN 9781609940775 Here's what the ratings mean: Applicable – You’ll get advice that can be directly applied in the workplace or in everyday situations. Key Programs to Help Reduce Poverty in the Philippines This book describes precisely the sort of investment opportunity that patient investors who seek social impact are looking for. Buy. Get this from a library! The Second Annual Conference on Business and Poverty, being held on 4-5 July at Saïd Business School at the University of Oxford, will focus on business, social impact and growth. The report comprehensively analyzes the causes of poverty and recommends ways to accelerate poverty reduction and achieve more inclusive growth. . [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. Eye opening – You’ll be offered highly surprising insights. Background – You’ll get contextual knowledge as a frame for informed action or analysis. When assessed on poverty relative to other countries (the share of families making less than 50% of the national median income after taxes and … A report by the World Bank shows how this economic growth helped decline the rate of poverty. 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. As entrepreneurs who walk their talk, Polak and Warwick demand that we deliver value to the poor, not catchphrases to the media, and that we do so at a scale commensurate with the need. They are based on decades of operational success that have benefited some of the world’s most impoverished people. Polak and Warwick hold that multinational corporations must recognize that their continued growth depends on creating markets and products for these populations. 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. They propose to harness the power of free enterprise to begin meeting the most basic needs of the poor . For experts – You’ll get the higher-level knowledge/instructions you need as an expert. But we can mention some ways and solutions to minimize the number of poor people. Parker stresses that poverty is more ugly, cruel and devastating than it is shown in newspapers. The goal is simple—bring out of poverty those 2.7 billion people who live on $2 or less per day. By. getAbstract recommends the authors’ illuminating work to transnational executives, entrepreneurs, inventors, investors, international development officers, NGOs and anyone who seeks viable answers to the problem of world poverty. The Business Solution to Poverty Designing Products and Services for Three Billion New Customers (eBook) : Polak, Paul Why are we here, anyway? 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. Promising governmental and philanthropic efforts to end poverty have not reached scale because they lack the incentives of the market to attract massive resources. The Business Solution to Poverty Designing Products and Services for Three Billion New Customers Paul Polak (Author) | Mal Warwick (Author) Publication date: 09/09/2013 The nearly three billion people living on $2 a day are not just the world's greatest challenge-they represent an … Comprehensive – You’ll find every aspect of the subject matter covered. 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. This book is must reading for senior management at every major corporation with global operations.” —Aron Cramer, President and CEO, Business for Social Responsibility “As this extraordinary book makes so clear, business alone possesses the power and the resources to help billions of the world’s poor rise out of poverty. For beginners – You’ll find this to be a good primer if you’re a learner with little or no prior experience/knowledge. 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. But now we have a promising alternative approach to this age-old challenge. Sixteen entrepreneurs had the chance to present their companies’ plans at the United States Institute of Peace this past month. Your highlights will appear here. 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. The Business Solution To Poverty, Designing Products and Services For Three Billion New Customers Paul Polak and Mal Warwick’s new book, The Business Solution to Poverty: Designing Products and Services for Three Billion New Customers, offers a bold and … *getAbstract is summarizing much more than books. Poverty can only be truly addressed if you meet four conditions. Well structured – You’ll find this to be particularly well organized to support its reception or application. We rate each piece of content on a scale of 1–10 with regard to these two core criteria. Dr. Paul Polak, author of 'Out of Poverty: What Works When Traditional Approaches Fail' and co-author of 'The Business Solution to Poverty'. “The Business Solution to Povertyturns Paul Polak’s groundbreaking work to expand affordable irrigation for the dollar-a-day farmer into a compelling and practical vision to eradicate poverty. We are experiencing technical difficulties. Chapter 4–Why Business Is Best Equipped to Fight Global Poverty PART TWO: ZERO-BASED DESIGN AND THE BOTTOM BILLIONS Chapter 5–What to Do Before You Launch Your Business Chapter 6–The Ruthless Pursuit of Affordability Chapter 7–Zero-Based Design in Practice: Low-Cost Drip Irrigation Chapter 8–Design for The Market Chapter 9–Zero-Based Design in Practice: A Cautionary Tale Chapter 10–Design for Scale Chapter 11–Zero-Based Design in Practice: Safe Drinking Water for Small Villages Chapter 12–Design for Delivery the Last 500 Feet Chapter 13–Building a Mission-Driven Global Business PART THREE: OPPORTUNITIES ABOUND Chapter 14–It's Your Turn Now Takeaways What We Say to Critics Notes Acknowledgments Index About the Authors Discussion Guide, Sign up for news about books, authors, and more from Penguin Random House, Visit other sites in the Penguin Random House Network. Bold – You’ll find arguments that may break with predominant views. 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). Microfinance is defined as the “supply of loans, savings, and other basic financial … Poverty in the Philippines dropped by 26.6 percent in 2006 to 21.6 percent in 2015. The Financial Crisis and the Free Market Cure. 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. 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. From disaster relief to TOMs Shoes, from adoptions to agricultural subsidies, Poverty, Inc. follows the butterfly effect of our most well-intentioned efforts and pulls back the curtain on the poverty industrial complex - the multi-billion dollar market of NGOs, multilateral agencies, and for-profit aid contractors. Analytical – You’ll understand the inner workings of the subject matter. To get back to prerecession employment levels, we must create 5.6 million new jobs. Paul Polak and Mal Walwick. Polak and Warwick have produced a gem that teems with easy-to-understand concepts and brilliant examples that show how business can make a historic contribution to improving life conditions in developed and underdeveloped societies.” —Ron Grzywinski, cofounder, ShoreBank “The Business Solution to Poverty is based on decades of experience in eradicating poverty through profitable business. By. The best pathway out of poverty is a well-paying job. Overview – You’ll get a broad treatment of the subject matter, mentioning all its major aspects. 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. Paul Polak and Mal Warwick, two credentialed veterans in the war against poverty in the “Global South,” make a case that the decades-long efforts of public and private forces to better the lot of the world’s desperately poor have largely failed. An Imaginative and Action-Packed Adventure, Tieghan Gerard's Guide to a Small but Special Meal at Home, *This title is not eligible for purchase to earn points nor for redemption with your code in the. -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. 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. The business solution to poverty : designing products and services for three billion new customers. Those in the “Global South” have received $2.3 trillion in assistance since the end of World War II but they are no richer. They offer an alternative – a proven “business method that transforms the poor into employees of profitable local enterprises and improves improve their quality of life. They stress product affordability, simplicity, “aspirational branding” and the potential to scale up. Although such differences between poverty in developing and developed countries exists it has to be eluded. This is a book that cries out to those of all ages who want meaning and purpose in their life. 2. Helpful – You’ll take-away practical advice that will help you get better at what you do. Innovative – You can expect some truly fresh ideas and insights on brand-new products or trends. These entrepreneurs from all around the globe have developed business ideas to help alleviate global poverty and meet the U.N’s Sustainable Development Goals. The Business Solution to Poverty. 258 words (The information below is incorrect) Related Posts: Economic development: A solution or cause of poverty? 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? 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. In December 2005, the GPP convened a three-day colloquium, "A Conference on Global Poverty: Business Solutions and Approaches," with a goal of beginning to identify the characteristics of successful enterprises and leaders in this realm. I believe we have a responsibility to do so, too. I believe Spring Health will grow quickly into a very big company. An indispensible resource for all with a big idea, an entrepreneurial spirit, and a drive to make poverty history.” This expensive failure underscores that only a market-based mechanism can make a difference. “ The Business Solution to Poverty is based on decades of experience in eradicating poverty through profitable business. Read this book and change the world!” —Deborah Nelson, Executive Director, Social Venture Network “I visited several small poor villages in rural Orissa where Spring Health, one of the companies this book describes, sells safe drinking water. 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. The Business Solution to Poverty ... pursuit of affordability.” Polak has been doing this work for years, and Warwick has extensive experience in both business and philanthropy. It is like an acid that destroys pride, honor, health, and future. Hot Topic – You’ll find yourself in the middle of a highly debated issue. 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. Right now the number of people living on $2 a day or less is more than the entire population of the world in 1950. 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. Everyone deserves a chance to live a comfortable and dignified life. These 2.7 billion people are not just the world’s greatest challenge—they represent an extraordinary market opportunity. Billions of impoverished people remain outside the scope of typical trade, but they are potential customers far from saturated northern markets. This book opens an extraordinary opportunity for nimble entrepreneurs, investors, and corporate executives that will result not only in vibrant, growing businesses but also a better life for the world’s poorest people. Social responsibility advocate Mal Warwick is board chairman of Mal Warwick-Donordigital. Our rating helps you sort the titles on your reading list from adequate (5) to brilliant (10). “One of the most hopeful propositions to come along in a long time. At … In this context, the identification of poor people first requires a determination of what constitutes basic needs. Once companies like those Paul Polak and Mal Warwick envision are up and running and looking to the capital markets, I’m confident they will provide the opportunities for funding to help put an end to global poverty.” —Wayne Silby, Founding Chair, Calvert Funds “The failure of foreign aid and other efforts by outsiders to end poverty in developing countries is no secret. Books we rate below 5 won’t be summarized. Such market opportunities have a significant dimension of social responsibility. The Business Solution to Poverty: Designing Products and Services for Three Billion Customers. His vision, like that of Muhammad Yunus, is to use business to serve the very poor at scale. To reduce poverty in these areas, the following are suggested: provision of electricity, pipe borne water, boreholes, good roads, more school and teachers, agro-allied industries to offer employment, free education and provision of scholarship, allowances for old people, credit facilities to enable people establish their business, monitoring of programmes to ensure that benefits reach the intended targets … Hopeful propositions to come along in a long time all formats we cover and agree Penguin... On brand-new products or trends success factors, a brilliant list of 20 takeaways..., simplicity, “ aspirational branding ” and the potential to scale up in! Mentioning all its major aspects multinational corporations must recognize that their continued growth depends on markets. To poverty: designing products and Services for Three billion customers zero-based design, last-mile delivery and. 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