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Which banking models could be used to enable access to the BoP? A recent BCG publication, entitled “A Roadmap for Expanding Financial Inclusion in India,” tries to answer just that question for the Indian market.India has the second highest number of financially excluded households...
Financial Access for the BoP: Expanding Inclusion in IndiaNews
C.K. Prahalad, author of The Fortune at the Bottom of the Pyramid; Eradicating Poverty through Profit, has long championed the notion that business, rather than government hand-outs, represents the most effective solution to poverty. At the recent TiE Entrepreneurship Summit in New Delhi, Devi Prasad Shetty, chairman of Narayana Hrudayalaya, a pediatric heart hospital in Bangalore, offered an example of Prahalad’s principles at work in health care. The hospital operates a low-cos...
Connecting the Poor With World Class HealthcareNews
Mobile phones are frequently held up as a good example of technology’s ability to transform the fortunes of people in the developing world. In places with bad roads, few trains and parlous land lines, mobile phones substitute for travel, allow price data to be distributed more quickly and easily, enable traders to reach wider markets and generally make it easier to do business. The mobile phone is also a wonderful example of a ?leapfrog? technology: it has enabled developing countries to ski...
The Limits of LeapfroggingBlog Post
Talk about an exciting time to be involved with the BoP. Since the world?s wealthiest philanthropist Bill Gates gave his speech about “creative capitalism” in Davos last Thursday, the development world has been abuzz with its interpretations and implications. But Switzerland is not...
The Week Went WellNews
C.K. Prahalad, author of The Fortune at the Bottom of the Pyramid; Eradicating Poverty through Profit (Wharton School Publishing, 2004), has long championed the notion that business -- rather than government handouts -- represents the most effective solution to poverty. In a keynote speech at the recent TiE Entrepreneurship Summit in New Delhi, he noted that India must pay more attention to entrepreneurship, which he described as the essence of development. We ne...
C.K. Prahalad: ’The Poor Deserve World-Class Products and Services’News
The British brand of corporate responsibility is seen as the gold standard, says Julia Cleverdon, chief executive of Business in the Community, which for 25 years has been championing the cause in Britain. And it is true that Britain, especially London, has been a hive of innovation in CSR since the mid-1990s, thanks to a creative cluster of think-tanks, NGOs, consultancies and inventive bosses. But according to Simon Zadek of AccountAbility, a think-tank that has been part of the cl...
Going globalNews
By Richard Shaffer It is, as Intel’s press release put it, one of the most remote inhabited places on earth. Parintins, Brazil, is on the outskirts of nowhere. The closest highway ends in ?bidos, a day or two downriver. So in 2006, when Intel wirelessly connected the Amazon city to the rest of the online world, chairman Craig Barrett promised that the venture would bring the expertise of specialists, sophisticated medical imaging, and the world&#...
Intel’s Amazon AmbitionsNews
Authors: J. L. Warnholz Publisher: Queen Elizabeth House Library, University of Oxford, 2007. The author examines the idea that selling consumer goods to poor people at the bottom of the economic pyramid (BoP) generates profits for large businesses and eliminates poverty at the same time. He admits that big businesses have a central role in shaping future markets and generating employment. The entry of multinationals in the BoP sector would also reduce prices, raise ...
Poverty reduction for profit? A critical examination of business opportunities at the bottom of the
