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The Fortune at the Bottom of the Pyramid: Eradicating Poverty Through Profits Hardcover – August 5, 2004
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- Print length401 pages
- LanguageEnglish
- PublisherWharton School Publishing
- Publication dateAugust 5, 2004
- Dimensions6.25 x 1.37 x 9.45 inches
- ISBN-100131467506
- ISBN-13978-0131467507
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Learn more how customers reviews work on AmazonCustomers say
Customers find the book insightful and valuable. They say it shows that profit-seeking can lead to sustainable operations that alleviate poverty. The book provides a great illustration on how the private and public sectors can work together to create value.
AI-generated from the text of customer reviews
Customers find the book insightful and valuable. They say it shows new and innovative ways of dealing with poverty and potential. The book provides a framework and illustrates it with case studies. It's essential for anyone interested in development, and it explains the structure of innovation.
"Published by the Wharton School of Business, this text is an excellent resource for anyone interested in establishing a micro finance institution...." Read more
"...In my view the book proposes a very helpful approach to fighting poverty, devoid of the usual paternalistic assumptions...." Read more
"...Poverty is a world-wide issue and this book shows new and innovative ways of dealing with it...." Read more
"...Unquestionably an excellent business book, and a very innovative one, but just for that, business. That's why to me it only deserves 3 stars...." Read more
Customers appreciate the book's focus on sustainable and successful business models that improve the lives of the poor. They say a profit motive can be a driver for economic growth and improve capabilities.
"...Aravind Eye Care System, which provides cataract surgery, operates profitably and is the largest eye care facility in the world, yet 60% of the..." Read more
"...and the notion that poverty alleviation can come from sustainably profitable operations...." Read more
"Bringing meaningful and successful business model hinges on grasping the context of recipients of any product or service and the book brings forward..." Read more
"...Aside from the thesis that a profit motive can be the driver for economic growth, improving the capabilities and lives of the poorest it also shows..." Read more
Customers appreciate the book's design. They say it provides a clear illustration of how the private and public sectors can work together.
"...Today all what I do in concept design, new product design, how I understand innovation, includes a mark that comes from here. than you C.K." Read more
"Great illustration on how private and public sector can work together to improve the lives of the underprivileged ...." Read more
"Masterpiece! All those making business should read this." Read more
Top reviews from the United States
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- Reviewed in the United States on April 16, 2024Published by the Wharton School of Business, this text is an excellent resource for anyone interested in establishing a micro finance institution. It is a good reminder that even in a developed country there is still a need for small loans for communities who are not able to access financing through banks, etc.
- Reviewed in the United States on February 24, 2011If we stop thinking of the poor as victims or as a burden and start recognizing them as resilient and creative entrepreneurs and value-conscious consumers, a whole new world of opportunity will open up, according to C K Prahalad in this book. Rather than being a drain on the rich world's resources, the poor can be a source of innovations and the engine of the next round of global trade and prosperity.
For more than 50 years a broad range of government and non-government organizations have been fighting poverty, but they have not succeeded in eradicating it. According to the author, we need a new approach which involves partnering with the poor to create large-scale profitable entrepreneurship in which the poor are actively engaged. There is a significant opportunity for value-creation latent in the bottom-of-the-pyramid market.
The book goes on to describe a number of companies which are successfully enriching the lives of the poor while operating profitably. Aravind Eye Care System, which provides cataract surgery, operates profitably and is the largest eye care facility in the world, yet 60% of the patients are treated for free. ITC placed computers in villages, allowing farmers to check prices, make better decisions, and improve their income. Many other large-scale success stories are told.
In my view the book proposes a very helpful approach to fighting poverty, devoid of the usual paternalistic assumptions. On the whole the poor are not looking for our charity; they are looking for opportunities to use their skills and labour to improve their circumstances. However the title of the book seems to overstate the "fortune" that is to be made. The examples given by the author were viable businesses, but they were focused on serving their customers, not on making a fortune. I highly recommend this book to anyone interested in serving the poor.
- Reviewed in the United States on June 23, 2008I learned about CK Prahalad and the BOP about two years ago doing a school project. I'm a graphic designer, so my approach is far removed from the typical business person's. After this project, I used this book to guide my senior project (design equivalent of a thesis), in which I made up a company that served the BOP in Venezuela and created a brand and packaging system for it. As a non-business person, it was sometimes challenging to follow the book, but it was not overwhelming. I agree with other comments that say that it was a bit technical (especially with all the abbreviations), but it was still approachable.
I'd recommend this not just for business people and entrepreneurs. Poverty is a world-wide issue and this book shows new and innovative ways of dealing with it. We can find uses for this theory in many different realms and disciplines and the theory forces us to think outside of the box. I was especially appreciative of the non-subsidies and the notion that poverty alleviation can come from sustainably profitable operations. I also like the idea of environmental sustainability as a must when dealing with the vast majority of the world as consumers.
I would also recommend "Out of Poverty" by Paul Polack. I liked Prahalad's position better, as Polack falls short in addressing exclusively money as a poverty factor and disregards life quality as something we should address; something that Prahalad does address. But Polack addresses an even poorer segment of the world and we can learn from both theories.
- Reviewed in the United States on March 4, 2015You can learn an important lesson from this book. I thought I had understood what "co-creation of value" means before I bought and read this book but I was wrong. Today all what I do in concept design, new product design, how I understand innovation, includes a mark that comes from here. than you C.K.
- Reviewed in the United States on April 10, 2016Bringing meaningful and successful business model hinges on grasping the context of recipients of any product or service and the book brings forward a set of lessons that are relevant event today, several years after the first ideas of reverse or frugal innovation became known.
Top reviews from other countries
Amazon CustomerReviewed in the United Kingdom on February 14, 20195.0 out of 5 stars A good case very selectively made
I bought this book after many reviews highlighted its significance. Its central theme, that selling the same product millions of times to those that need them via low margin / high volume business models is a good one. However one would need to tell the reader that not all poor people and BOP markets are in India. Good thesis , but geographically desperately blinkered and actually quite typical of Washington consensus views in which one size - once determined - fits all.
Amazon CustomerReviewed in Canada on April 21, 20175.0 out of 5 stars Five Stars
Thank you
udhamReviewed in India on March 11, 20155.0 out of 5 stars Five Stars
excellent
raymond loveridgeReviewed in the United Kingdom on January 3, 20205.0 out of 5 stars Frugal innovation
A foundational book in the ares of economic development.
Amazon CustomerReviewed in the United Kingdom on September 11, 20185.0 out of 5 stars Five Stars
All fine!



