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The International Private Sectors’ Role in Wealth Creation: Strategy, Productivity, and Innovation

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Wealth Creation Approach to Reducing Global Poverty

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Abstract

International companies operating businesses successfully in develo** and less developed economies can play a vital role in creating wealth and reducing poverty. The chapter begins with an examination of some of the unique features of the business environments generally found in develo** and less economically developed nations. This is followed by the introduction of a three-tiered framework, consisting of strategic, interpersonal, and operational levels which can be used in evaluating whether to globalize/standardize business practices or to adapt to local conditions. A general approach to adjusting or creating business operations for conditions found in develo** and less developed economies is suggested. The chapter concludes with an examination of productivity and innovation as applied to regions where poverty remains widespread.

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    Scott Hipsher

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Hipsher, S. (2020). The International Private Sectors’ Role in Wealth Creation: Strategy, Productivity, and Innovation. In: Wealth Creation Approach to Reducing Global Poverty. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-15-4116-2_5

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