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Five years ago General Motors Corp. () offered just a handful of car models in China -- mostly large, high-end Buicks costing around $40,000. That limited selection worked in a market dominated by fleet sales to government offices and enterprises: What these customers wanted were large sedans for hauling big shots. We were targeting institutional buyers, who were our big market back then, says Kevin Wale, president of GM China. Fast-forward to the present, and it’s ha...
Let A Thousand Brands Bloom: Multinationals are competing with local companies for a more discerningNews
Research reveals that there is a powerful connection between the culture of a people and its propensity to be entrepreneurial. Kenya, for example, has national sub-cultures which have important implications for creating an entrepreneurial economy. That would mean that in the effort to build greater entrepreneurship, it is useful to first understand the culture of a people and work with it, not against it. Let us begin with two fundamental questions: What is culture? Why is it important...
Entrepreneurship Thrives in an Enabling CultureNews
It is tough leading a company today when the initiatives you are expected to control are buffeted by constantly changing forces. The rules business once lived by have been turned upside down. Power has shifted from producers to customers, for instance. Any color they want as long as it’s black has been replaced by: What they want, when they want it, at the price they want. It’s not only the customers who have gained control, the companies close to the ...
In today’s customer-centered market, companies need to meet buyers’ often-unspoken needs. Here areBlog Post
The recent Technology at the Edge posting by Al Hammond reminded me what amazing ideas can come about while re-imaging products and services for the poor. Hearing his descriptions of innovative technologies in Africa is thrilling. It reminded me of another article I had just read which discusses...
Thinking at the Pyramid’s BaseNews
Motorola is to produce 6 million mobile phones each is priced at USD 30 (USD1 = CNY 8.11), and telecom operators of developing countries will assume the responsibility for the product sale. However, the Emerging Market Handset Programme (EMH) does not develop as smooth as expected in China, said Huang Baozhong, Senior Advisor of the GSM Association. In China, telecom carriers are not interested in the programme, and consumers are unwilling to buy such cheap mobile phone...News
The best solutions are found when the public and private sectors join forces. Sir, Jeffrey Sachs’ article (Ambition and action are as important as commitments, September 15) calls for urgent, comprehensive action by the international community to achieve internationally agreed development goals and objectives, including the Millennium Development Goals and a Green Revolution for Africa. It is true that the UN and Bretton Woods i...
Expanding public-private partnerships is the best way to achieve African development breakthroughsBlog Post
All Paths Lead to the BOP, by Jeb Brugmann originally appeared in the September issue of Alliance Magazine.While the media and public discourse has been accentuating the divide between the private sector and civil society, the trend in practice has been towards convergence. NGOs and...
MNC.org – Meet NGO IncNews
Mixed awareness and understanding of the Millennium Development Goals among many companies and how the MDGs relate to business Africa least likely to attract investment, most in need of it, report says ( CSRwire ) New York -- In an in-depth survey, fielded by Edelman, the Corporate Social Responsibility Initiative of Harvard’s Kennedy School o...
Fair Returns, Job Creation, Not ?Just Charity? Is Path To Success For Business In Developing Eco
