Eradicating Poverty Through Profits. In this fifth anniversary edition, Prahalad thoroughly updates his book to reveal all that's been learned about competing and profiting "at the bottom of the pyramid." Prahalad outlines the latest strategies and tactics that companies are utilizing to succeed in the developing world.
The world's most exciting, fastest-growing new market is where you least expect it: at the bottom of the pyramid. Collectively, the world's billions of poor people have immense untapped buying power. They represent an enormous opportunity for companies who learn how to serve them. Not only can it be done, it is being done--very profitably. What's more, companies aren't just making money: by serving these markets, they're helping millions of the world's poorest people escape poverty.
"C.K. Prahalad argues that companies must revolutionize how they do business in developing countries if both sides of that economic equation are to prosper. Drawing on a wealth of case studies, his compelling new book offers an intriguing blueprint for how to fight poverty with profitability." --Bill Gates, Microsoft
* How to serve the world's poorest people and make a profit
* New strategies and tactics for building
winning businesses in today's emerging markets
* New bottom of the pyramid trends in technology, healthcare, consumer goods, finance, and beyond
* Insights from top CEOs succeeding in emerging markets
* New and updated case studies--from Jaipur Rugs' revolutionary supply chain to Reuters' data services for farmers
Five years ago, C.K. Prahalad's "The Fortune at the Bottom of the Pyramid" showed companies how they could reignite profits and growth by serving the world's five billion poorest people. Hundreds of firms have successfully taken that path--building large, profitable businesses that are reducing poverty and eliminating human misery at the same time. Now, Prahalad has updated his extraordinary book to reflect the lessons of the past five years: business-building strategies, techniques, and innovations proven to work in emerging markets. The fortune at the bottom of the pyramid: doing well by doing good or doing good by doing well! Inspired by C.K. Prahalad's breakthrough insights in the original edition of "The Fortune at the Bottom of the Pyramid," a wide variety of firms are identifying, building, and profiting from new markets among the world's poorest people--while at the same time helping eliminate poverty and human misery. Five years after this book's first publication, Prahalad's ideas are no longer isolated instances of innovations. They are proven, widely practiced "reality." In this 5th Anniversary Edition, Prahalad updates his book to give readers a picture of how this idea is being implemented in poor regions around the world. Prahalad also offers an up-to-the-minute assessment of key questions such as: Is there truly a market? Is there scale? Is there profit? Is there innovation? Is this a global opportunity? Five years ago, executives could be hopeful that the answers to these questions would be positive. Now, as Prahalad demonstrates, they can be certain of it.
* Solving the unique problems faced by bottom of pyramid customers
How to make a profit by helping people escape poverty and misery
* Breakthrough forms of innovation for emerging markets
From rugs to cellphones, finance to energy, supply chains to state-of-the-art technology
* Building new ecosystems for wealth creation
You can't do it alone--but you can do it together
* Scaling up to impact the enterprise--and society
Beyond "micro-businesses" and prototypes: large presence, large wins
The CD included with the book includes video case studies and three bonus PDF case studies. Bonus videos and case studies, in addition to those on the CD, can be found on the book's website, www.whartonsp.com/prahalad.
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