The New Fortune at the Bottom of the Pyramid
Profound changes are closing the gap between the world’s poorest consumers and others, offering an unprecedented opportunity for businesses to create – and share in – prosperity.
Strategy+business,
2019
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The dramatic decrease in extreme poverty globally represents a signal achievement of the past half century, and it’s not only benefiting the billion-plus people whose lives have been transformed. Business is benefiting, too. A new optimism is emerging – that what’s good for the “bottom of the pyramid” can be good for the bottom line. Writing for Strategy+business, Deepa Prahalad, an expert on innovation in emerging markets, describes the burgeoning vibrancy of the world’s poorer markets and explains why some business leaders are seeing profit in reducing poverty.
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About the Author
Deepa Prahalad is a speaker, design strategist and expert on innovation in emerging markets.
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