The “Bottom of the Pyramid” concept refers to the vast market of people with minimal income individually, but massive market potential if taken as a collective. It’s also associated with sustainability in the sense that serving this market with affordable products can serve to better their lives without deepening their debts, as well as helping to launch better infrastructure, promoting leapfrog technology, and encouraging the growth of small business. CK Prahalad is something of a guru in management strategy and specializes in BOP markets. His advisory firm, The Next Practice, is taking the BOP strategy to the next level and is worth a look to better understand how companies are working with the BOP around the world.
Nick Aster is a new media architect and the founder of TriplePundit.com
TriplePundit.com has since grown to become one of the web's leading sources of news and ideas on how business can be used to make the world a better place.
Prior to TriplePundit Nick worked for Mother Jones magazine, successfully re-launching the magazine's online presence. He worked for TreeHugger.com, managing the technical side of the publication for 3 years and has also been an active consultant for individuals and companies entering the world of micro-publishing. He earned his stripes working for Gawker Media and Moreover Technologies in the early days of blogging.
Nick holds an MBA in sustainable management from the Presidio School of Management and graduated with a BA in History from Washington University in St. Louis.
Follow Nick Aster @nickaster