Please join us for our next panel discussion where we will discuss:
• The role played by crowdfunding campaigns as possible pathways to emancipation and decolonization for the Indigenous peoples.
• Are beneficiaries of financial inclusion policies truly included? What do the beneficiaries think and experience?
• Role of community based organizations in equitable delivery of public utilities.
• The role of local autonomy culture and the processes that shape the actions of women social investors.
The following papers will be presented:
• A Commons Strategy for Promoting Entrepreneurship and Social Capital: Implications for Community Currencies, Cryptocurrencies, and Value Exchange by Ana Cristina O.Siqueira, Benson Honig, Sandra Mariano & Joysi Moraes
• Raising Money for Emancipation and Decolonization: The Role of Commercial, Cultural, Community and Activist Crowdfunding Campaigns by Annaleena Parhankangas & Dr. Rick Colbourne
• Community Based Organizations and Institutional Voids in Emerging Economies: Case of Nenmeni in Kerala, India by Priya Nair Rajeev, Sumit Mitra & Simy Joy
• Financially ‘included’?: Beneficiary Perspectives on Inclusion from Uttarpradesh, India by Simy Joy
Introduction by Latha Poonamallee, Associate Professor of Management and Social Innovation & Chair of Management Programs.
We hope you can join us!
Presented by Milano School of Policy, Management, and Environment at the Schools of Public Engagement.
Please contact: Latha Poonamallee, PhD at poonamal@newschool.edu
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A Commons Strategy for Promoting Entrepreneurship and Social Capital: Implications for Community Currencies, Cryptocurrencies, and Value Exchange
Ana Cristina O.Siqueira, Benson Honig, Sandra Mariano & Joysi Moraes
Examining how new forms of currencies diffuse is important to uncover their impact on the organization of communities, and thus motivates our study of community currencies. Community currencies provide a medium of exchange by using alternative banknotes or electronic money, which circulates only within particular communities, allowing members to trade goods, increase social cohesion, and achieve collective goals. In this study, we examine how community currencies help facilitate social commons by serving as a setting for building community relationships and a catalyst for other social activities beyond market relations. We analyze cases of community banks that provide microfinance and issue community currencies in Brazil. We find that microfinance entrepreneurs who involve a greater diversity of stakeholders from public, private, and nonprofit sectors in decision making even prior to startup, while also facilitating the formation of supportive social capital from diverse cross-sector stakeholders, increase opportunities for developing new community currencies. By exploring the implications of entrepreneurial actions that promote inclusive participation of diverse stakeholders for accomplishing collective goals, our findings are relevant for other activities that create a common pool of resources while also developing the vitality of the community, including initiatives that use cryptocurrencies and other emerging forms of currencies for building social commons.
Raising Money for Emancipation and Decolonization: The Role of Commercial, Cultural, Community and Activist Crowdfunding Campaigns
Annaleena Parhankangas & Dr. Rick Colbourne
In this study, we investigate the role played by crowdfunding campaigns as possible pathways to emancipation and decolonization for the Indigenous peoples. We build on recent research that explores the potential of entrepreneurship as an emancipatory process by which individuals and groups challenge conventional power structures to alter or reposition themselves more favorably within or in opposition to the mainstream social order (Rindova, Barry, & Ketchen Jr, 2009). This view of entrepreneurship as an emancipatory process challenges traditional individualistic assumptions grounded in economics and psychology (Steyaert, 2007) to shift attention away from an exclusive focus on wealth creation towards a more dynamic understanding of entrepreneurship as a catalyst for social change with multiple possible outcomes, such as poverty alleviation or the elimination of oppression (Jennings, Jennings, & Sharifian, 2016; Rindova et al., 2009; Verduijn, Dey, Tedmanson, & Essers, 2014). When entrepreneurship is reframed as an emancipatory process, it provides Indigenous peoples globally with options and alternatives to address the consequences of colonization on their own terms.
Implications
This study discusses the role of crowdfunding in driving emancipation and decolonization within
Indigenous communities. We identify four different types of crowdfunding campaigns, each
differing in terms of the type and magnitude of change they deliver and who they seek empower
and target as donors and customers. These four types of campaigns adopt unique approaches to expressing their Indigenous identity and embeddedness in their communities. As such, this study answers to calls for more in depth research on various vehicles of microemancipation available for marginalized populations (Alvesson & Willmott, 1992).
Community Based Organizations and Institutional Voids in Emerging Economies: Case of Nenmeni in Kerala, India
Priya Nair Rajeev, Sumit Mitra & Simy Joy
Community Based Organizations (CBOs) have emerged in developing as well as developed economies to enable the equitable provision of public services that the State and Market institutions are failing in. While community-managed rural water supply programmes are mainly considered a success in India, questions have been raised whether Community Based Organizations (CBOs) are truly capable of ensuring their long-term sustainability. Many CBOs find it challenging to maintain their ability to meet the twin goals of providing public services, and of reducing inequalities that the marginalized groups encounter in accessing those services and in participating in CBO management. Evidence suggests that participation in many CBOs has been somewhat less empowering for marginalized groups. Our study focuses on an exemplar CBO - Nenmeni Jalanidhi Rural Water Supply Scheme that has not only delivered services independently since 2007 but has expanded the scope of its operations considerably. Specifically, we identify the particular capabilities that contribute to its success. Our analysis revealed that Nenmeni had been able to generate internal capabilities for stakeholder engagement, asset management and organizational capabilities, thereby establishing itself as a legitimate rural actor capable of addressing institutional voids. These insights from Nenmeni CBO could be a useful guide for other CBOs engaged in rural water supply.
Simy Joy
Universal Financial Inclusion is integral to the United Nations Sustainable Development Goals for 2030. It aims to prevent involuntary exclusion of the poor and marginal groups by addressing systemic issues that cause exclusion, and create a shift in the ‘discourse’, by directing attention to ‘how to make financial markets work better for the poor’. However, the dominant policy and research tend to work from the assumption that an individual is ‘financially included’ if they have an account in their name with a full-service financial institution, thus reducing inclusion to a mere matter of market linkage. Ignored here is if and how the poor have experienced changes in the exclusionary processes and systemic issues that contribute to their inequality in financial markets. In this qualitative field study from Uttarpradesh, India, I found that while market linkages have been definitely created, financial markets have hardly become an equal space for the poor, because of the lingering exclusionary practices in the provision of information and financial advice, product and service design, and a refusal to change the attitudes to the poor.
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Ana Siqueira (PhD, University of Cambridge) is Assistant Professor of Management at the Cotsakos College of Business, William Paterson University. She is an award-winning educator and has been teaching face-to-face, hybrid, and online courses at the undergraduate and graduate levels since 2009. In 2014, she received a university-wide Creative Teaching Award at Duquesne University for co-revising the Strategic Management course aligned with the Principles for Responsible Management Education (PRME). This revised course received a commendation by the Association to Advance Collegiate Schools of Business (AACSB). Her pedagogical innovations have appeared in publications such as the Journal of International Business Education as well as International Journal of Innovation and Sustainable Development. Dr. Siqueira's was a Benavitch Scholar in St Catharine's College at the University of Cambridge in 2007-2009 and she was hosted in 2008-2009 in the Industrial Performance Center at the Massachusetts Institute of Technology (MIT). Her professional experience includes almost five years in financial services organizations such as Citigroup, where she developed business planning and new strategic initiatives involving communication and information technology. Her articles have appeared in premier publications such as Journal of Business Ethics, Entrepreneurship Theory and Practice, and Journal of Business Venturing. She is an Editorial Board Member of the journals Entrepreneurship Theory & Practice and Cross-Cultural & Strategic Management. She is also an elected officer in the Teaching Community of the Strategic Management Society, as well as the Organizations and Natural Environment Division of the Academy of Management.
Annaleena Parhankangas is Kingland Professor and Associate Professor of Entrepreneurship at Iowa State University, Ivy College of Business. She received her PhD from Helsinki University of Technology, Finland and has extensive research, teaching and administrative experience from various universities in Northern Europe and North America. Her research interests focus on the questions of how the inter-organizational relationships of new ventures affect their performance and innovativeness. Her most recent research focuses on entrepreneurial communication and how it may level the playing field for entrepreneurs and innovators that have been traditionally overlooked by business angels, venture capitalists and banks. Such underrepresented groups in entrepreneurship include women, immigrant, Indigenous and senior entrepreneurs. Annaleena Parhankangas teaches classes in Entrepreneurship and Innovation as well as International Entrepreneurship at Iowa State University.
Annaleena’s research and teaching has won many awards. Her research is published in top entrepreneurship and management journals, such as Journal of Business Venturing, Entrepreneurship Theory and Practice, Organization Studies and Research Policy. She serves on the editorial boards of Journal of Business Venturing, Venture Capital: International Journal of Entrepreneurial Finance, International Journal of Technoentrepreneurship, Academy of Management Perspectives and Administrative Sciences.
Dr Rick Colbourne, a member of the Mattawa / North Bay Algonquin First Nation, is an award-winning educator and Fulbright Fellow (Visiting Research Chair in Indigenous Entrepreneurship), who has served at universities in Canada, the United States, the United Kingdom and Europe. He teaches entrepreneurship (international, Indigenous, social), international business, strategy, leadership and management on Indigenous and non-Indigenous graduate and Executive Education programs. Dr Colbourne’s research interests center on developing integrated and comprehensive understandings of the intersection between Indigenous entrepreneurship, hybrid venture creation and Indigenous entrepreneurial ecosystems as a means by which Indigenous communities can assert sovereignty and act on inherent rights to develop vibrant Indigenous-led economies that support sustainable economic development and community well-being. He is a recipient of the University of Northern British Columbia’s University Achievement Award for Teaching; the Government of Canada’s Deputy Minister’s Recognition Award for Collaboration and Partnerships (AANDC); Canadian Council for Learning’s Award for Excellence in Learning (Learning Strategies Group); and the University of Westminster’s Award for Excellence in Teaching and Learning.
Joysi Moraes (PhD, Universidade Federal do Rio Grande do Sul (UFRGS); MA, Universidade Federal do Rio Grande do Norte (UFRN)) is Associate Professor of Management and Entrepreneurship at Universidade Federal Fluminense, Rio de Janeiro, Brazil. She is a member of International Successful School Principalship Project (ISSPP) and published with this group “Seven important messages about leadership in state public schools in Rio de Janeiro”. A research report for the Federation of Industries at Rio de Janeiro State (FIRJAN) and Leadership in Brazil. In: ARLESTIG, Helene; DAY, Christopher; JOHANSSON, Olof. (Org.). A Decade of Research on School Principals. Switzerland: Springer International Publishing, 2016. She was Visiting Scholar at School of Education, University of Nottingham (UK)., 2014. She was Coordinator of the undergraduate of Entrepreneurship Course (2013-2017) and Co-founder and head of the UFF Entrepreneurship and Management Department (since 2018). She published with Nátalia Sottani, Sandra Mariano and Bruno Dias, Public policies for the training of public school principals in Brazil: An analysis of the National Program of Basic Education Managers (PNEGEB) and Organisation and Liberating Praxis in Social Movement Schools with Maria Ceci Misoczky.
Benson Honig (Ph.D. Stanford University) is the Teresa Cascioli Chair in Entrepreneurial Leadership, DeGroote School of Business, McMaster University. His research interests include business planning, nascent entrepreneurship, transnational entrepreneurship, ethics in scholarship, immigration and social entrepreneurship, social capital, and entrepreneurship in transition environments. He has published in leading academic journals (over 120 peer reviewed articles, well over 13,000 google scholar citations) and serves on numerous editorial boards, including the Academy of Management Discoveries, Academy of Management Learning and Education, Journal of Business Venturing, Entrepreneurship Theory and Practice, Strategic Entrepreneurship Journal, the African Journal of Management, and five others. Past chair of the Academy of Management Ethics Education Committee, Ethicist blogger, Benson has served on the Babson conference board and on the Entrepreneurship Division of AOM. He has held visiting and permanent academic positions in the USA, Canada, UK, Sweden, Denmark, Israel, Uganda, and South Africa. He is a board member of the Africa Academy of Management.
Sumit Mitra is the Professor of Strategic Management at Indian Institute of Management Kozhikode, Kerala. His current research interests include Social Entrepreneurship, Corporate Governance and Higher Education. He has refereed publications in international journals, conferences and book chapters. His main fields of teaching include Strategic Management, Entrepreneurship and Organization Analysis. With a graduate degree in engineering and a Fellowship (PhD) in Management from Indian Institute of Management, Ahmedabad, Sumit has taught in India and abroad with administrative experience in Academic Board, Disciplinary Committee and PhD program chair positions. He has received both Best Teaching and Best Research nominations. His
corporate training and consulting experience includes designing and executing training for public and private sector enterprises both in India and abroad. He has been involved in the setting up of the Strategic Management Forum of India.
Trained in Participant Centered Learning from Harvard Business School, Dr. Priya Nair Rajeev is PhD in Management Studies from IIT Madras. She is a recipient of the Highly Commended Award 2011 in the Emerald / EFMD Outstanding Doctoral Research Awards in the Management and Governance category. A Gold medallist and university rank holder at the undergraduate, graduate and postgraduate levels, she headed IIM Kozhikode’s Center of Excellence for Social Innovation and is an Associate Professor in Organizational Behaviour & Human Resources Area. Earlier she was the Chairperson of Executive Education programs of the institute including their satellite campus at Kochi and the Chairperson of Organizational Behaviour & Human Resources Area. Being the first woman to head major functions at IIMK, she has chaired the Placements of the institute and has been part of several academic committees that have charted the course of the institute.
Dr. Simy Joy holds a PhD from Case Western Reserve University, USA. She has previously worked in the Indian finance sector, and served as a faculty member at University of East Anglia, UK, before taking up her current position as a Faculty Fellow at the Indian Institute of Management Kozhikode, India. Her research focuses on social innovation and social enterprises that target inclusion and empowerment of marginalised and under-served groups, and spans public, private and non-profit sector organisations in India, the UK and the US. In research, her endeavour is to articulate the perspectives and experiences of actors whose voices are currently underrepresented, in order to enable a more informed decision making by organisational leaders and policy makers. Her research has been published in reputed international journals and has attracted awards from Academy of Management, British Academy of Management and Family Firm Institute. She is a co-editor of the book ‘Socio-tech Innovation: Harnessing Technology for Social Good’.