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BSNS7340 - Poverty Relief Strategies : Project

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Estonian Business School

   

BSNS7340 Organisational Strategies (BSNS7340)

   

Added on  2020-02-24

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BSNS7340 - Poverty Relief Strategies assignment, The last decade has witnessed a transformation in how financial aid is managed to impact the livelihood of the poor people. Initially, financial aid was given in the form of cash handouts. However, such a strategy was found to lack any impact on poverty reduction. Asa consequence, a new aid design was created. The design was crafted to assume entrepreneurialism aid relief projects in the form of inclusive business models, in which the poor are assisted to establish or improve businesses. The conviction was illumined by the reason that money is managed better once invested either in the form of physical or human capital.

BSNS7340 - Poverty Relief Strategies : Project

   

Estonian Business School

   

BSNS7340 Organisational Strategies (BSNS7340)

   Added on 2020-02-24

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Running head: POVERTY RELIEF STRATEGIES 1Poverty Relief StrategiesName of the StudentName of the Institution
BSNS7340 - Poverty Relief Strategies : Project_1
POVERTY RELIEF STRATEGIES2Poverty Relief StrategiesI. IntroductionThe last decade has witnessed a transformation on how financial aids are managed toimpact on the livelihood of the poor people. Initially, financial aids were given in the form ofcash hand outs. However, such a strategy was found to lack any impact on poverty reduction. Asa consequence, a new aid design was created. The design was crafted to assumeentrepreneurialism aid relief projects in the form of inclusive business models, in which the poorare assisted to establish or improve businesses. The conviction was illumined by the reason thatmoney is managed better once invested either in the form of physical or human capital (Adepoju,2014). Inclusive business models are designed to integrate the poor people both as suppliers andcustomers at different stages in the value chain. The model thus links the gap between peoplewith meager income and businesses for reciprocal benefits. Furthermore, this kind of models canbe crafted to utilize readily available environmental resources. As a result, the business becomesfinancially sustainable, hence, turning the poor to emerge as entrepreneurs and customers withinthe business value chain (De La O, 2015). Such aids projects can thus make poor people haveincreased income and productivity, consequently becoming easy for them to meet their basicneeds. The objective of the research, therefore, is to analyze the problems associated with aidprojected which help the poor to establish or improve businesses. The essay will furtherinvestigate some alternative strategies for poverty relief as well as highlight examples of aidsprojects that are anti- entrepreneurialism.
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POVERTY RELIEF STRATEGIES3II.Problems with Entrepreneurialism Relief ProjectsEntrepreneurialism relief projects like inclusive business models are strategies whichhave been designed by the International Development Assistance Agencies such as Local andInternational NGOs, Religious Organizations, as well as Development Consulting Firms toelevate poverty levels in the world. However, most often of these International DevelopmentAssistance Agencies are not inspired by authentic interest to reduce poverty but to monitor andrespond to the political, economic, and religious interests of the donors (Haveman & Wallace,2015). In most cases, International Development Assistance Agencies operate in developingcountries while their headquarters are based in the developed nations where they battle fordonations from public and private donors. As a consequence of huge budgets and massivefunding, aids projects disallow any attempt to hire the local experts or partnering with localbusinesses (Hickey & Du Toit, 2013). The agencies thus initiate entrepreneurialism reliefprojects without adequate understanding of the local situation to appeal to the people sentimentsof compassion and solidarity with the poor. Such appeals make them attractive to the public,therefore, creating an opportunity for them to achieve the priorities of their donors (Randel &German, 2013).Additionally, the relief strategies are marked by little or no participation of the poor,whom they are meant to assist (Katz, 2013). It is rather unfortunate that the InternationalDevelopment Assistance Agencies do not integrate the opinions of the in developing thesestrategies. Participation of the poor into the formulation of these projects is reduced to someinformal meetings characterized by meager consultations and information sharing. As aconsequence, implementation of such strategies is faced with major hindrances because the local
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POVERTY RELIEF STRATEGIES4poor people lack the sense of ownership of such projects. Such exclusion in decision makingconfirms that the agencies intention is not to alleviate poverty but to appease their donors. Thisconclusion is guided by the fact that, if they are guided by a genuine fight against poverty thenthe poor should be their primary client or principals and not the donors. The fear of beingaccountable is another reason why they object to such mind set. In fact, they argue that the poorlack skills, knowledge and education to evaluate and assess strategies imposed on them.Other problems associated with relief strategies include urgency and limited resourceswhich make the projects unsustainable. Led by the desire to make the donors feel they assistedsome poor people International Development Assistance Agencies hastily start new projects toensure a constant flow of funding. It is thus outright that their annual reports and brochures onlyinclude the presumed achievements in poverty elevation but not failures. Most of the aidsprojects are evaluated within the funding period o they can appear successful. Another reasonwhy aids strategies are unsustainable is because International Development Assistance Agenciesprefer to initiate new projects than improving or continuing with the old projects. Such thinkingis adopted because donors respond so readily to new visible changes more than the maintenanceof old existing projects. Such mentality, therefore, halts aid projects once the funding ceases.III.Alternatives Strategies for Poverty ReliefsThe problem of poverty is multifaceted. It extends outside economics to entail otherissues such as cultural, social, and political concerns. As a consequence, poverty relief strategiesshould not be founded solely on economic policies. In actuality, they demand a comprehensiveand well-coordinated set of measures. In reality, such a foundation forms the reasoning behindany well-thought poverty relief strategy. The key to poverty elevation is in the structural
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