Nisolo : the tension between business performance and social impact / Jeffrey R. Cornwall, Joseph Ivey.

Format:

Book

Author/Creator:

Cornwall, Jeffrey R., author.

Ivey, Joseph, author.

Series:

SAGE Business Cases.

SAGE Business Cases

Language:

English

Subjects (All):

Woodyard, Patrick.

Nisolo.

Social responsibility of business--Case studies.

Social responsibility of business.

Industrial productivity--Case studies.

Industrial productivity.

Investments--Case studies.

Investments.

Rate of return--Case studies.

Rate of return.

Physical Description:

1 online resource : illustrations.

Other Title:

Nisolo

Place of Publication:

London : SAGE Publications: SAGE Business Cases Originals, 2020.

Summary:

Patrick Woodyard co-founded the for-profit social enterprise Nisolo in 2011. He got the idea for Nisolo while working in microfinance in Peru. Woodyard observed talented shoemakers who were struggling to find a market for their products. The goals of Nisolo were to help Peruvian shoemakers expand the market for their handmade shoes and build a business that could use some of its profits to help support the Peruvian villages where the shoemakers lived. As a business entity, Nisolo sells high-quality, fashionable shoes through e-commerce and through its showroom in Nashville, Tennessee. Nisolo purchased Red Earth, a hand-crafted jewelry business, to expand its offering of socially conscious products. The company received funding from several angel investors, who supported the social mission of the company, but also expected a reasonable return for their investment. Nisolo is committed to a triple bottom line. The Nisolo social goals were to ensure all in its supply chain earn a living wage. Its environmental goals are to reduce waste, which is a major problem in the fashion industry. The Nisolo business model allowed the company to earn a profit, while at the same time helping to provide economic empowerment for its workforce and operate in an environmentally sustainable manner. As Nisolo grew, which was necessary to meet the financial expectations of its investors and truly help change its industry, it began to experience serious supply chain problems from its suppliers of shoes and jewelry. Meeting market demand and quality expectations of its customers through artesian suppliers became a chronic challenge. The challenge the founder faced was to identify and implement the necessary steps that would ensure that all three broad criteria of success—profits, people, and planet—were being met as the company continued to grow. Students are asked to recommend specific steps that Woodyard should take to ensure the company is able to grow, while meeting its triple bottom lines.

Notes:

Includes bibliographical references and index.

Description based on XML content.

ISBN:

1-5297-3368-5

9781529733686

OCLC:

1162863162