In order to end poverty, the most likely approach is creating a new breed of frontier multinational corporations. Otherwise, the SDGs and all the energy put behind them will just be an exercise.
Profitable markets serving poor customers all over the world are waiting to be tapped; but, is it immoral to create a business that earns profits selling to the poor?
Running the numbers can identify key opportunities as well as the greatest stumbling blocks to success. Here are how some actual entrepreneurs have done it.
It's time for major corporations to undergo a revolution. Opportunities to create profitable businesses serving 3 billion bypassed customers are limitless.
Major corporations have demonstrated no meaningful interest in the bottom-of-the-pyramid market, and it seems unlikely to do so in the future because it squanders resources. Who will fix this disconnect?
Success in nascent markets requires a commitment to agility and constant refinement. Entrepreneurs bypass the bureaucracy of multinational corporations leaving them better equipped to fight for those at the bottom of the pyramid.
University Innovation Fellows respond to Larry Page's assertion that, "I would rather give billions to Elon Musk than charity." They believe, "The future depends on us. The time is now."
Recently Larry Page was quoted as saying; “I Would Rather Give My Billions To Elon Musk Than Charity.” This is Paul Polak’s thoughtful response to Larry’s idea.
Paul Polak and his "soul brothers" have a vision: bring radically affordable solar pumps to farmers in rural villages. Read this post to learn how this will transform livelihoods and radically reduce rural carbon emissions.
Our marketing strategy can now increase sales to 1000 liters of water a day within two months of opening — a level at which the company begins to turn a profit. In this post, we share the most successful tactics with you.
Economists have it all wrong. The only effective large-scale answer to extreme poverty is to stimulate rapid scalable growth. Here are three ways to end poverty and limitless opportunities for you to participate.
Five years ago, Steve Bachar and I decided to invest in companies capable of transforming the livelihoods of at least 100 million customers living on $2 a day, generating at least $10 billion in annual revenues and earning sufficient profits to attract commercial financial investment. There was only one problem. We couldn’t find any.
Give a man a fish, and you feed him for a day; show him how to catch fish, and you feed him for a lifetime. This is not enough for the men and women living in extreme poverty, but there is an answer.
You want to scale your business? An effective scaling strategy boils down to answering some fairly simple questions. Read on to greatly improve your chance for success!