Omar, Maktoba and Williams, Jr, Robert L (2009) Marketing to the bottom of the pyramid: opportunities in emerging markets. International Journal of Services, Economics and Management, 1 (4). pp. 427-446. ISSN 1753-0822
Available under License Creative Commons Attribution Non-commercial.
The significance of emerging economies to global marketing within the context of a paradigm shift of international business is enormous. The purpose of this paper is to show that emerging markets have two separate areas of opportunity for multinational corporations: to buy and to sell. The paper first involves a discussion of economic growth in emerging markets, and the importance to the global marketplace, and the emergence of the bottom of the pyramid (BOP) market. Then, recent strategies by companies to address this potential are analysed. Emerging markets do not consist of one market. They are diverse and can require separate market entry and market development strategies. With more manageable risks, ease of communications and transportation, higher income growth and increasing consumer purchasing power, there are both low cost, high quality resources to buy from and new opportunities for multinational corporations to sell to, at the BOP. The paper suggests that managers address both high-end developed markets as well as low-end emerging markets. The paper reviews many key concepts involved with managing profitable BOP market growth related to operating in emerging markets. It analyses strategies to satisfy consumer needs globally by both entering emerging markets and sourcing from them.
|Uncontrolled Keywords:||Bottom of the pyramid; Emerging markets; Consumer purchasing power; Emerging MNCs; Multinational corporations; Born globals; Globalisation; Economic growth.|
|University Divisions/Research Centres:||The Business School > School of Marketing, Tourism and Languages|
|Dewey Decimal Subjects:||600 Technology > 650 Management & public relations > 658 General management|
|Library of Congress Subjects:||H Social Sciences > HF Commerce|
|Depositing User:||Mr David Main|
|Date Deposited:||07 Mar 2012 14:28|
|Last Modified:||08 Jun 2015 09:45|
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