Financial Inclusion for the ‘Base of the Pyramid’
Barclays has formed partnerships with international NGOs CARE International and Plan UK to give poor people, especially the young, in Africa and Asia access to basic financial services for the first time, and the skills to save and manage their money effectively. Social impacts 369,000 women and men, including 245,000 youths, were given access to […]
Could THIS be the Solution to Global Poverty?
Recently an organization named FXB published a full-page ad in The New York Timesunder the headline “We know how to end global poverty.” The piece reported that “the journal Science just published a study proving what works to raise people permanently out of global poverty.” Because Science is unquestionably a credible source of information, this […]
The Business Case for Sharing the Global Water Bill
By 2030, the world will look back on the past 15 years with a sense of achievement, or lament a missed opportunity. The ambitious and transformational development agenda[1] due to be approved at the UN Summit in September[2] is setting the bar high, and there are similarly high expectations for the Financing for Development meeting […]
Eco-Entrepreneurship and the Post-2015 Agenda
The Millennium Development Goals have shaped development cooperation in the last 15 years, and there has been progress towards eliminating poverty worldwide. Nevertheless, much remains to be done. The post-2015 agenda and Sustainable Development Goals will set ambitious targets not only to end poverty, but also to promote growth and well-being for all, protect the […]
Transforming Markets in Latin America
From 2000 to 2010, Latin America and the Caribbean (LAC) enjoyed a remarkable wave of sustained economic growth which helped improve the incomes and welfare of millions of people living at the base of the pyramid (BoP). According to the World Bank, nearly 70 million people increased their purchasing power significantly and 50 million Latin […]
The Evolution of the BoP Market in Latin America
By Lina Salazar O, Opportunities for the Majority (OMJ) at the Inter-American Development Bank. It has been more than ten years since we first read about the base of the pyramid (BOP) and the large and virtually untapped market represented by this socio-economic segment. People at the BOP in Latin America and the Caribbean live […]
Government and Policy in Inclusive Business
I am returning to this topic because I think that any discussion of the role of government and policy in inclusive business will benefit from understanding better how IB contributes to a transformation in a specific market system, and indeed vice versa. While all market systems programmes do not involve innovation by an individual company […]
Changing Gender Roles and Nutrition in Bangladesh
Every morning, Lipi cycles down the dusty roads of Mitapukur, a small village in northern Bangladesh, balancing a bag filled with products on her shoulder. Lipi is one of the 160 Nutritional Sales Agents that was trained by the PROOFS (Profitable Opportunities for Food Security) project, an initiative of the three NGOs ICCO, iDE, BoP […]
Corporate-NGO Inclusive Business Partnerships
At our Inclusion Inc. conference at The Fletcher School, there was a fascinating conversation between Tim Cross, President of YouthBuild International, and two of YouthBuild’s corporate partners, Lata Reddy, President of The Prudential Foundation and Dina Silver Pokedoff, Senior Manager of Branding for the Saint-Gobain Corporation. What I particularly enjoyed about the discussion was that […]
Lost in Translation? Lessons for Business and NGOs
“I see the change we need to make. I’m ready to go for it!” said a corporate executive after a partnership design meeting with CARE. CARE staff said the same. These are the moments where we feel transformation happening in the room. We have worked through tough issues and we know we are co-creating something […]
The Right Language for Embedding Sustainability
At SABMiller, we understand that our profitability depends on healthy communities, growing economies and the responsible use of scarce natural resources. Last year we launched a new sustainable development ambition we call Prosper with five major goals and associated targets: accelerating growth and social development through our value chains; making beer the natural choice for […]
Using the Right Language for Each Stage of Growth
Counterfeit products cause huge social problems—estimates suggest that counterfeit tuberculosis and malaria drugs alone cause approximately 700,000 deaths each year—and Sproxil takes a business approach to solve them. Our Mobile Product AuthenticationTM solution can verify the authenticity of almost any product. A sticker with a unique code hidden under a scratch-off layer is applied to […]
More than Semantics: Does Terminology Affect Scale and Impact?
Nearly 100 companies, development donors, and NGO partners had just finished listening to the opening panel in a two-day workshop we had organized to focus on ways companies could expand economic opportunity for people living at the base of the economic pyramid. The year was 2007, and the CSR Initiative at the Harvard Kennedy School […]
What Is the Best Way to Measure Innovation?
Commenting on the state of innovativeness, Peter Thiel, founder of PayPal and legendary Silicon Valley investor, remarked, “We asked for flying cars. Instead, we got a hundred and forty characters.” Really, Peter? Who asked for flying cars? Silicon Valley is, of course, obsessed with cars of many kinds – self-driven, electric, enabled by commands and […]
A Conversation with Erik Simanis
Erik Simanis is Head of the Frontier Markets Initiative at Cornell University. His work is published in leading management journals, including the Harvard Business Review and The Wall Street Journal. He also writes for The Guardian’s sustainable business, and is a core faculty member of the Intrapreneurship Lab. His thinking is grounded in hands-on experience, […]
Lessons on Inclusive Supply Chains and Achieving Scale
How does one measure the success of a business today? Is it commercial viability or the ecosystem it creates to promote sustainable development through stronger market linkages and supporting the most marginalised? Or can it be both? In a world when double and triple bottom lines are increasingly de rigueur, we now look at inclusive […]
The Unintended Consequences of Inclusive Business
Last week we hosted a two-day conference, Inclusion Inc., at The Fletcher School, where we tested the idea that “the only competitive business is an inclusive business.” Inclusive business, or business that pursues opportunities in traditionally unattractive market segments, ought to be a strategic imperative for corporations and investors. Foregoing such segments would open the […]
Combating The Stigma of Glasses In India
Anna has just returned from staying with families in the urban slums in Kolkata, India. Kolkata, formerly Calcutta, is the capital of the Indian state of West Bengal. Why is it that people in developing countries do not often have convenient access to basic health services or medicines, but that Coca-Cola can be bought even […]
Celebrating World Health Day With Business Ideas
The base of the pyramid as we knew it ten years ago has changed tremendously. Latin America and the Caribbean’s economic growth between 2000 and 2013 benefitted everyone in the region, from top to bottom. Millions of people emerged from poverty, and the segment of those living on $4-10 grew considerably. As their earnings increase, […]
Women are the Crux of Africa’s Development
Recent estimates state that women provide approximately 70 per cent of agricultural labour and produce about 90 per cent of all food in Africa. At the same time, women and girls reinvest an average of 90 percent of their income in their families, compared to 30 to 40 percent for men. It is clear that […]