Download file to see previous pages...
The article focuses on a comprehensive discussion of the market at the bottom of the pyramid. Unique characteristics of this market form a significant part of the explanation. According to Prahalad and Hart, bottom of the pyramid market segment has an estimated 4 billion people who live in abject poverty. Notably, the population in this market segment represents a potential market for goods and services. Active involvement of private firms at the BOP is a significant factor in generating inclusive capitalism (6). Private firms’ engagement in the BOP segment of the market enhances completion of the market will redirect attention to the poor as consumers. Prahalad and Hart assert that each group that gives close attention on poverty eradication such as the World Bank, developed countries offering aid, charitable organizations, federal governments, and private firms – has its an overriding justification. Prahalad and Hart explain that MNCs suffer the effect of strongly established reason in relation to cost structure, consumers and BOP sector (12). As a result, donors view the private sector as malicious and exploitative of low-income society members. None of the well-known organizations perceive that market inclined solutions can result into poverty alleviation and economic growth.
Prahalad and Hart turn to a discussion of products and services for the BOP. They assert that it requires an innovation perspective of product development and creativity in accordance with the realities of the BOP market. Based on this assertion, the writer identifies a number of principles that should guide innovations for the BOP market segment (9). The aspect is price performance. It is essential for quantum jumps in the price performance. The second factor focuses on hybrid solutions: advanced and evolving technologies that innovatively merge with available and increasingly developing infrastructure. Another important aspect is focusing on conservation of resources
...Download file to see next pagesRead More
As a way of settling the dispute and controversy (some even calling to abandon it altogether), the Board of Trustees of the Society for Personality Assessment has issued a statement containing evidence and rational argument in support of the Rorschach. With the backing of advanced research methods, the psychometric adequacy and clinical utility of the instrument is convincingly proven, making a strong case for its continued use in clinical and forensic practice.
Compensation of chief financial officers (CFOs) depends on their accuracy in term of reported internal control quality as they play important role in the supervision of internal control compliance. This paper will focus on the relationship between the CFO compensation and the internal control material weakness disclosures.
In this context, Kleiman defines diversity as ‘the equal hiring and promoting of women, minorities, disabled and gay employees in the workplace.’ The writer uses the views of Susan Holland, president of Holland Rusk & Associates, a Chicago-based executive search firm, to elaborate on the current practices.
This proven resilience is attributed to the increased use of financial derivative contracts by the financial and non-financial Australian firms for hedging of foreign exchange risk exposures. This paper does not only examine the nature and kind of hedging behavior but
Alcohol definitely affects the brain. Some impairment such as difficulty walking, black outs and garbled speech are noticeable after one or two drinks, which are quickly set on when drinking stops. However, those
The goal of the study is to understand the perceptions of users of internet that procrastinate.
It is often debated that internet can negatively impact the educational achievements of students as students waste time surfing on the internet aimlessly
The economists, on the other hand, argued that this legislation and unions did not benefit all the workers.
Those who were against the move towards the industrial revolution argued that it left more people unhappy unlike before. Most people
The problem is that the organization is experiencing higher attrition rate and low employee morale. The author states that the report that was compiled by the committee has not provided a solution for the problem and solutions are expected to be
1 Pages(250 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic Summary of article for FREE!