Miruka Martin, Chief Executive and Lead Brad Strategist at ATOM-tdf, a Brand Strategy & Innovation firm based in Nairobi, Kenya: “The African and Asian continents have huge numbers of people living off less than $2 a day. On these two continents, and by extension in the lower regions of the economic pyramid, lies the next frontier for multinational companies – because business is all about numbers.
The key to the Base of the Pyramid (BoP) market lies in commitment. The BoP concept requires not only a shift in thinking, but also different methods and at times a new and improved product
or service. It entails innovative product development, manufacturing processes, distribution models, and communication strategy. When done well, investing in BoP activities leads on the one hand to business innovation and profit , and on the other to a lasting impact on the target communities.
In short, there is no longer any debate on whether there is fortune at the base of the pyramid. Which MNC will make a fortune at the BoP frontier? I bet my money (and fortune) on the company with the highest commitment to innovation!”
Better Future and ATOM-tdf are partners in leadership programs, CSR consulting and BoP experiences.
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