Importance Of Bottom Of The Pyramid

681 Words2 Pages
bulb-icon

Recommended: Corporate social responsibility in the context of globalization

Introduction

In the past 10 years, a brand new plan has grown to be ever more reviewed, the concept of Bottom of the Pyramid. The several thousand people that make-up the following section of the universe people happen to be put down the middle of innovative techniques for the private sector. The interdependence of economic as well as modern society is definitely stated typically and the implication derived is the fact that individual area may help with the whole process of improving poverty. Federal government involvement, philanthropy as well as aid happen to be the chief techniques with hoping to cure poverty. Even so, an increasing number of lecturers as well as market leaders via the corporate world trust possibly improving lower income by the action of the private area as well as multinational organizations (MNCs) that have significant resources.
MNCs via developed nations around the world usually are becoming more and more curious on this “fortune at the Bottom in the Pyramid” when Prahalad (2004) has described it. The Bottom in the Chart represents innovative current market chances pertaining to MNCs and also the prospects for bringing about your alleviation involving poverty. BOP approaches are therefore useful pertaining to MNCs not really only for their own likely fiscal comes back but the cultural influence in which they cook through providing usage of a new product, services and even job opportunities to low-income populations. As a result, BOP approaches complete but not only provide fiscal chances but also bring various other advantages towards MNC such as enthusiasm involving hr as well as improved brand image.
Even so, this concept is definitely new and there's restricted data as well as number of greatest pract...

... middle of paper ...

...ailable within such BOP markets. A new one-size-fits-all approach is not possible and for that reason regionally inlayed BOP approaches usually are advisable so as to correct certain desires as well as prevail over particular troubles in the local level. Lastly, higher resolved costs and local embeddedness develop a hurdle to running upward BOP strategies. That's why, running upward of those BOP approaches can be executed by innovative approaches such as dissemination involving regionally adapted approaches collected from one of neighborhood to a different and thru progressive B2B remedies such as depending on local entrepreneurship. Moreover, innovative technological know-how as well as innovation can be crucial for lessening costs as well as helping the proficiency involving BOP approaches and for that reason bringing about your scalability of those initiatives.

Show More
Related

  • Conventional Common Wisdom

    1433 Words  | 3 Pages

    Although poverty has minimized, it is still significant poverty which is characterized by a numerous amount of things. There are two types of poverty case and insular. “Case poverty is the farm family with the junk-filled yard and the dirty children playing in the bare dirt” (Galbraith 236)Case poverty is not irretraceable and usually caused if someone in the household experiences “ mental deficiency, bad health, inability to adapt to the discipline of industrial life, uncontrollable procreation, alcohol, some educational handicap unrelated to community shortcomings” (Galbraith 236).Case poverty is often blamed on the people for their shortcomings but on some levels can be to pinpoint one person's shortcomings that caused this poverty. Most modern poverty is insular and is caused by things people in this community cannot control. “The most important characteristic of insular poverty is forces, common to all members of the community, that restrain or prevent participation in economic life and increase rates of return.

    Read More

  • Development of Pyramids in History

    1280 Words  | 3 Pages

    Pyramids are one of the Ancient Architectural structures known to man. They were built as tombs for pharaohs and queens. To a layman, when a pyramid is being made mention of, one automatically assume the Egyptians. Although one of the trademarks of the Egyptians was the pyramid, the Mesopotamians were the first to construct a step-like pyramid structure. These platform-raised buildings were known as Ziggurats. The ziggurat was the major architectural structure for the founders of the Mesopotamian civilization (3500 and 3000 B.C.E); “the Sumerians.” Ziggurats were constructed using sun-dried baked stones that prevented it from lasting longer like the pyramids in Egypt. The most famous of them all was the ziggurat of King Urnammu at Ur in Iraq, although not as old as the pyramid’s of Giza. The lower levels of the ziggurats are covered with planted trees and dirt just to give it a mountainous effect. There is a belief that the gods lived on mountains thereby bringing the worshippers closer to heaven. Back then, only powerful priests were allowed to go inside the ziggurats.

    Read More

  • Poverty Problem Essay

    1452 Words  | 3 Pages

    Today’s world is faced with numerous social problems that pose enormous threats to humanity. Many of these problems threaten our very survival. Poverty is an issue that plagues all societies in every part of the world. Not even the most privileged countries can seemingly avoid it. It has a huge presence in the United States which is one of the wealthiest nations in the world.

    Read More

  • Critique of the Internalization Theory and Eclectic Paradigm

    1789 Words  | 4 Pages

    A Multinational Corporation (MNC) can be defined as “a single entity that controls and manages group of goal-disparate and geographically dispersed productive subsidiaries” (Triandis and Wasti, 2008, p. 2). Multinational corporations are entities that make Foreign Direct Investment (FDI) and produce added value in countries other than the country in which they are headquartered. One of the key objectives of the MNC is to obtain capital where is it cheapest and to invest FDI and undertake production in areas that yield the highest rates of return (De Beule and Van Den Bulcke, 2009). However, many theories have been advanced to account for the decision-making process that MNCs undertake in relation to FDI. The purpose of this paper is to explain the two main theories – internalization theory and OLI eclectic paradigm theory – and to critique these in relation to some of the other conceptual models that have been advocated.

    Read More

  • Pyramids In Ancient Egypt

    1019 Words  | 3 Pages

    was in charge of every part of life for everyone. Some people were rich, many were poor, and many were slaves. Some were priests, and some were businesspeople. They all did what the pharaoh told them to do. When the pharaoh told his people to build a giant building as his tomb, they did so. These were the Pyramids. After pharaohs died, huge stone pyramids were built as their tombs. Pharaohs were buried in chambers within the pyramids.

    Read More

  • Poverty: A Form of Slavery

    3275 Words  | 7 Pages

    This paper will discuss poverty, the different types of poverty and their definitions and who is affected by each type of poverty. It will look at the some of the major reasons why poverty exists and what causes poverty, like such things as inequality, stratification and international debt. Some of the impacts of poverty will also be analyzed from a national and global perspective; things like education, literacy rate, and crime. This paper will demonstrate that poverty affects almost everyone in some form or another and exists because those with power and wealth want and need poverty to exist to force a dependence on the wealthy. A few of the main approaches that this is achieved is through economic systems, influencing government policies, and global stratification. Defining poverty is not a simple task and this is what this paper will tackle first.

    Read More

  • Pyramids In Ancient Egypt

    688 Words  | 2 Pages

    Ancient Egypt Ancient Egypt is a wonderful land Full of mystery.It is filled with mummys, treasure and tomb robbers.The world we live in today is impacted by ancient Egypt.Three inspiring topics are the types of pyramids ,the mummy’s afterlife and the tomb robbers. Ancient Egypt better helps us understand the world of today.

    Read More

  • Discuss The Impact Of Social Innovation On Corporate Social Responsibility

    1195 Words  | 3 Pages

    Recently, multinational companies have lost their standing in the community and many view businesses as part of the problems plaguing the society. Nonetheless, the reduction in public sector resources and its power has put more pressure

    Read More

  • The Impact of Multinational Corporations (MNCs) on Developing Countries

    1004 Words  | 3 Pages

    Gilpin discussed the MNC’s evolution through the lenses of a number of business economic theories. Using Raymond Vernon’s Product Cycle Theory, the overseas expansion of American companies until the 1960s was shown as a means of preempting foreign competition and preserving monopoly positions, which was possible then because of the wealth and technology gaps that existed between the US and the rest of the world (282-83). Following the closing of such gaps, Dunning and the Reading School’s Eclectic Theory explained the next stage of the MNC’s evolution as propelled by the great leaps made in technology and communication, which made internationalized management both possible and viable (283). Michael Porter’s Strategy Theory, meanwhile, asserted that the MNC is now in the era of strategic management, wherein activities and capabilities spanning borders allow it to “tap into the value chain” in the most advantageous positions (285-85). Gilpin made an interesting point, however, that MNCs are oftentimes the result of market imperfections and unique corporate situations. In many instances, the decision to expand a firm’s operations in another country was a means of circumventing protectionist measures and trade barriers, or simply to curry favor with governments, as practiced by IBM (280...

    Read More

  • The Huawei Company and International Business

    2743 Words  | 6 Pages

    Multinational enterprise (MNE) is “a company that is headquartered in one country but has operations in one or more other countries” (Rugman and Collinson 2012, p.38) that has at least one office in different countries but centralised home office. These offices coordinate global management in the context of international business. MNEs have increasingly essential influence on the development of the global economy and coordinate with other companies in different business environments. However, there are many issues involved with how MNEs operate well overseas, especially in emerging markets (EMs) (Cavusgil et al., 2013, p.5).

    Read More

  • Importance of Cultural Differences in International Business

    1761 Words  | 4 Pages

    Our economic development will forever be defined as our ability to succeed internationally. PwC forecasts India’s real annual GDP growth until 2050 at 8.9 percent, Vietnam’s at 8.8 percent, and China’s at 5.9 percent. The list of fast-growing emerging markets goes on and on. The U.S. forecast is a meager 2.4 percent, comparable with most Western economies. The domestic companies that are likely to see incremental growth in the coming decades are those that are not only doing business internationally, but that are developing the strategic skill set to master doing business across cultures. Cross-cultural core competence is at the crux of today’s sustainable competitive advantage. For example, political environment will tell us, as to how and why political leaders control, whether and how of international business. Legal environment, both national and international will tell us about many kinds of laws by which business firms must work. The cultural environment will tell us about attitudes, beliefs and opinions important to business people. Economic environment will tell us about the economic system being followed by the host country, which may or may not be different from home country. It will also explain the variables such as level of development, human resources, Gross Domestic Per Capita and consumption patterns that determine a firm’s ability to do business. Geography will tell us about location, quantity, and quality of the world’s resources.

    Read More

  • The Great Mystery of the Pyramids

    1812 Words  | 4 Pages

    The Great pyramids of Egypt are undoubtedly one of the most recognized and admired landmarks in the world. Built to pay tribute to gods and pharaohs, the pyramids were of great importance to the Egyptians, and the mystery of their construction continues to amaze us today. Many theories pertaining to how the pyramids were built have been suggested, however, none are as well supported or intelligible as the heave-ho method of quarrying and cutting limestone. Joseph Davidovits’ theory disproving this, in which states the pyramids were moulded, is not plausible. Substantial physical evidence which is consistent with the Egyptologists’ portrayal of the heave-ho method has been found. The entire process of building a pyramid with this method is possible, as demonstrated by thorough experiments and analysis of the Egyptian culture. Indisputably, the Great Pyramids of Giza were constructed by quarrying limestone, and the use of ramps, sleds, and cutting tools, owing to the ingenuity and strength of highly organized Egyptian workers.

    Read More

  • Political Environment in International Marketing

    1398 Words  | 3 Pages

    An increasing number of countries are encouraging investments with specific guidelines toward economic goals. MNCs may be expected to create local employment, transfer technology, generate export sales, stimulate growth and development of the local industry.

    Read More

  • History of Multinational Corporations

    2012 Words  | 5 Pages

    Mira Wilkins defines a multinational enterprise (MNE) as a “firm that extends itself over borders to do business outside its headquarters country.” By 1870, a period denoted as industrial capitalism, MNCs started to evolve and the nature...

    Read More

  • Factors of the Correlation Between Poverty and Having Finished Secondary Education

    2450 Words  | 5 Pages

    This report analyses social and economic factors such as, risk of poverty, employment rate and population completed at least upper secondary education. In this report you can find summary of the data, descriptive statistics, correlation and regression analysis, which shows that poverty has a small negative relationship with employment rate and negative relationship with education. Thus, this means if countries would increase employment rate and increase number of people who finish secondary education they would be able to reduce poverty level in the countries.

    Read More

More about Importance Of Bottom Of The Pyramid

Open Document