Depleted Communities

1434 Words3 Pages

Introduction The ideology of depleted communities is one of the most recent areas of study in economics and particularly in the entrepreneurial field. It has come as a result of people being more interested in establishing long lasting organizations that not only focuses on the profits realized but rather on the social developments for today’s generation and generations to come. It is a field that endeavors to re-establish things in a dilapidated area that perhaps was previously doing well but doing to a certain misfortune got abandoned. Two things characterize this area. One, positive social forces and secondly, negative economic forces. The former exists through people or organizations that are business in nature and connect well to the community and place. A depleted community presents a field of study that has received lots reactions and interpretations from different scholars. These reactions have both been conflicting and agreeing to each other at the same time especially on description of what exactly it is and whether it is, in any way, giving rise to a new form of entrepreneurs or it is killing completely the spirit of entrepreneurs. In the mixture of all these debates and views, this paper endeavors to critically bring an in depth analysis of the understanding of this topic. The paper evaluates how different authors have applied entrepreneurial theories in their explanations and checks how robust their explanations are plus the authority exerted on their interpretations and understanding of depleted communities. Finally the paper explores the deficiency of the current studies that gives room for further studies in this area of study. What is all About Depleted Communities? The wording of this statement “depleted comm... ... middle of paper ... ... the systems are self sustaining. There have been conflicts on the kind of these entrepreneurs are. This is because they start businesses that defy capitalistic ideologies in nearly all the aspects (Johnstone & Lionais, 2002). The unique thing about entrepreneurs emerging from the depleted communities is that they use traditional principles of doing business to solve social problems. Johnstone and D. Lionais call these kinds of entrepreneurs as community entrepreneurs. They have also been referred to as social entrepreneurs but care needs to be taken because there is a slight difference. Though both operate on disadvantaged societies, it is important to not here that community entrepreneurs do not establish charitable organizations, but rather they establish business organization that incorporates the society with all the benefits trickling back to the society.

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