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University of Tennessee, Knoxville
Pursuit - The Journal of Undergraduate Research at The University of Tennessee
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Critique Of Microcredit As A Development Model, Grace Levin
Critique Of Microcredit As A Development Model, Grace Levin
Pursuit - The Journal of Undergraduate Research at The University of Tennessee
The field of microcredit (otherwise known as microfinance, microlending, or microcapital) has expanded rapidly since the 1980s as an economic means of lifting people out of poverty. Generally, microcredit has been accepted as an effective method for empowering both individuals and communities. In recent years, however, critics have brought to light some of the problems associated with microlending, such as the complex socioeconomic factors that can cause loan programs to fail. These problems stem from the basic tenet of microfinance: the need for lending programs to be managed locally in order to understand the needs of a community and assess …
Financial Services Innovation: Local Strategy, Management, And Change – A Field Investigation, Ann-Catherine Nave
Financial Services Innovation: Local Strategy, Management, And Change – A Field Investigation, Ann-Catherine Nave
Pursuit - The Journal of Undergraduate Research at The University of Tennessee
This study examines the innovation sources and processes of regional financial services firms through inductive field research. Innovation in these firms, and presumably other financial services firms and other smaller organizations, originate primarily out of three sources, the drive for efficiency, the external environment, and strategic, ambidextrous management. Successfully innovative firms balance the short-term need for efficiency improvements with the long-term desire to grow primarily through visionary, yet adaptive, leadership.