Shifting risk to others using forgiving business models

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Chapter 7 in The Entrepreneurial Solution to Poverty and the Science of What is Possible, 2022, pp 113-129 from Edward Elgar Publishing

Abstract: The problem with launching a venture to escape poverty is that it poses a risk of loss, which has traditionally favored those with resources. I discovered that some business models are more forgiving than others, which offer no protection from downside risk. Using more forgiving models does not eliminate risk, but it shifts it to other willing stakeholders, not because they are allies, but because the deal on offer to them, becomes their most profitable, known option. Such a shift can occur because of an imbalance in information, which once again becomes a problem of informational economics.

Keywords: Business and Management; Development Studies; Economics and Finance; Politics and Public Policy Sustainable Development Goals (search for similar items in EconPapers)
Date: 2022
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