
Grameen Bank in Bangladesh was founded to provide microcredit to impoverished farmers who wanted to start their own entrepreneurial ventures that would help themselves climb out of poverty. This best exemplifies Michael Porter's suggestion that
A) managers need to keep economic needs and societal needs disconnected from each other.
B) a firm should expand its internal value chain to include nontraditional partners.
C) businesses should focus on creating regional clusters such as Silicon Valley in the U.S.
D) the largest but poorest socioeconomic group can yield significant business opportunities.
Correct Answer:
Verified
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