Prahalad’s Bottom of the Pyramid: The Market You’re Ignoring
The bottom of the pyramid refers to the largest and poorest socioeconomic group in the global economy, roughly 4 billion people living on less than $10 a day. C.K. Prahalad’s argument, first made in his 2004 book The Fortune at the Bottom of the Pyramid, was that this population is not a charity case but…
