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Dynamics of a Life Cycle Theory Based on Developed Country Histories

  • Arvind AshtaEmail author
Chapter

Abstract

How can we apply the life cycle concept to social entrepreneurship? Ashta first explains the evolution of the industry life cycle concept. He then applies it to a few microfinance cases which lasted for more than a century so that the reader can see the concept in its entirety. These cases are from different developed countries that also experienced the problem of poverty and exclusion. He follows this with microfinance cases that are still booming but they have gone through the initial stages. His major contribution in this chapter is to explain how transformation (growth and demise) is a politico-legal process where political legitimacy, private interests and social compassion create a dance between the State, the for-profit banks and the social enterprise.

Keywords

Business history Life cycle Montes de Piedad Loan funds Mutual funds Banking 

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Copyright information

© The Author(s) 2020

Authors and Affiliations

  1. 1.CERENBurgundy School of BusinessDijonFrance

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