Ethical Innovation in Business and the Economy
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Ethical Innovation in Business and the Economy

  • Studies in TransAtlantic Business Ethics series

Edited by Georges Enderle and Patrick E. Murphy

Innovation has become a buzzword that promises dramatic changes in almost every field of business. Absent from this attention is a serious discussion of the ethical sides of dramatic change. To address this, editors Georges Enderle and Patrick E. Murphy gather a team of experts to fully examine the ethics of innovation within business and the economy in this standout addition to the Studies in TransAtlantic Business Ethics series.
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Chapter 14: ‘System D’ – creativity, innovation, and ethics in an African context: bridging the gap between the informal and formal economies

Peter John Opio

Abstract

Chapter 14 by Peter John Opio introduces a widely ignored but hugely important new perspective on business and the economy as we normally understand them. Its contribution is based on groundbreaking experiences in African countries and shows that innovation can – and frequently does – happen in informal firms and economies (arising, again, from the bottom-up). This innovation is vital for the survival of the poor. As with other innovations, however, it merits ethical scrutiny and examination. At the same time, these models can inspire businesses in the formal economies to become more creative, which has been demonstrated by the outstanding examples of the Nigerian Nollywood film industry and the cellphone-based M-Pesa banking from Kenya.

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