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What is Bottom of the Pyramid (BOP)

Strategic Marketing for Social Enterprises in Developing Nations
The BoP refers to the lowest income group.
Published in Chapter:
Potentials of Frugal Innovation to Combine the Social and Economic Objectives in the Marketing of Social Enterprises: The Case of EinDollarBrille e.V.
Anne Dressler (Chemnitz University of Technology, Germany) and Stefan Hüsig (Chemnitz University of Technology, Germany)
Copyright: © 2019 |Pages: 22
DOI: 10.4018/978-1-5225-7859-8.ch010
Abstract
Social enterprises strive to address social problems and pursue economic goals. In doing so, they also have to deal with the question of how to structure their marketing approaches to balance social and economic marketing goals. Frugal innovation often aims to address social problems with solutions that are affordable and of high quality. At the same time, these innovations are embedded in economic structures and aim to generate profits. Thus, it is assumed that such innovations influence the design of marketing strategies. This case study reveals how the social enterprise EinDollarBrille e.V. combines social and economic aims in its marketing approach based on a frugal innovation. The findings are consistent with previous research that social enterprises should try to overcome seeming contradictions of marketing goals. It is proposed that social enterprises could consciously pursue strategies that create synergy between their dual aims. Thereby, frugal innovations can be advantageous.
Full Text Chapter Download: US $37.50 Add to Cart
More Results
Problems Preventing Growth of Small Entrepreneurs: A Case Study of a Few Small Entrepreneurs in Botswana Sub-Urban Areas
BOP is a concept used in US to group the world poorest citizens who are facing the challenges that prevent them from securing their human potential for their own benefit and families. The poor live with less than $2.50 per day and excluded from the global civilized society. It is aimed at inspiring the leaders for the unleashing of their creative and productive potential as part of an inclusive capitalist system, free of paternalism toward the poor.
Full Text Chapter Download: US $37.50 Add to Cart
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