Decoding Customer Value at the Bottom of the Pyramid
An Urban India Marketing Perspective
About the Book
Mature businesses across all advanced countries are struggling to find new markets. The Indian market has been estimated huge in size, with approximately $1.2 trillion in purchasing power parity for households earning an annual income of less than $4,000. This comes to almost 880 million of the Indian population of which 22 percent is urban India and 78 percent is rural India.
Referred to as the bottom of the pyramid/low-income/subsistence markets, while these markets offer immense business opportunities they also pose challenges. The needs of this segment have to be addressed by the corporate world but it might need a new approach with new business frameworks for implementation. The companies must understand what constitutes value for this segment, how it is different from other segments, and how firms can offer value through their market offerings; accordingly what could be the successful business models.
Decoding Customer Value at the Bottom of the Pyramid: An Urban India Perspective answers these questions in a practical, rigorous, and research-oriented way. This book is a must-read for business executives across the globe with an interest in low-income customers in India.
Business Expert Press
Since 2008, Business Expert Press has been providing business students and professionals with precise, business information written by experts in their fields. Available in both print and eBook formats, our books can be obtained by consumers through a variety of sources including direct purchase on our website and major online bookstores. Business librarians can purchase our entire Digital Library, published and updated annually, in total, or in various configurations such as topical e-collections or custom bundles, through perpetual access or subscription.
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