Mindset drives success: Selling beneficial products at the base of the pyramid

2021
Page count
13
pages
Description

Why are so few organizations selling beneficial products at the base of the pyramid (BoP) successful? Based on a multiyear field research program conducted in 25 countries, we argue that having a specific mindset about BoP customers is consequential to an organization’s success. Many organizations start with the assumption that BoP customers lack money, knowledge, and jobs. By contrast, successful organizations start from the assumption that customers can and will pay if they are provided with a satisfactory solution to their needs and are reassured about the level of risk involved. We detail the different practices that follow from this mindset change in the areas of value proposition, communication, and distribution.

Publisher
Kelley School of Business, Indiana University
Publish date
Authors
F. Dalsace
L. Klarsfeld McGrath
O. Kayser
Language of publication
English
Region/Country
Region
Global
IB topics