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Management, Loose-Leaf Version

13th Edition
Richard L. Daft
Publisher: South-Western College Pub
ISBN: 9781305969308

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BuyFindarrow_forward

Management, Loose-Leaf Version

13th Edition
Richard L. Daft
Publisher: South-Western College Pub
ISBN: 9781305969308
Chapter 4, Problem 3DQ
Textbook Problem
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3. Do you think it is realistic that BOP business practices can have a positive effect on poverty and other social problems in developing countries? Discuss.

Summary Introduction

To Explain:

Do you think it is realistic that BOP business practices can have a positive effect on poverty and other social problems in developing countries? Discuss.

Introduction:

Many business organizations throughout the world have thought to make realistic BOP business practices. So that they can expand their market to these people and also, these people can buy the products of these companies.

Explanation of Solution

Many business organizations throughout the world have thought in this direction to develop certain business model so that they can expand their market to these people and also, these people can buy the products of these companies. These organizations want to invest in such a business model as per which the products and services of these companies would reach the poor people at reduced prices and these people also would effectively purchase the products of these organizations. In investing in such a great business model these organizations can reduce the poverty and other social problems at least in the developing countries. It is so because the criteria for considering the people poor is different in different countries and it is higher in developing countries as compared to a below developing country.

Many organizations thought regarding this problem and also developed various business models but could not able to achieve success. Implementing such business model these companies also thought that in future it could become a huge market and they all were expecting long term profits in the field. But the practices failed because poor people have other problems also where they prefer to invest their money instead of purchasing these reputed brands. For example poor people don't want to buy a mosquito net instead he would prefer some cheaper methods for that...

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