Crowdsourcing in developing countries: a possible model to co-create with the poor

Luigi Serio, Martina Berardi, Marcello Tonelli

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

The interest in poverty and the moral sense of ‘helping the poor’ are a constant topic in Western culture (Moyo 2009). In recent years, multinational corporations (MNCs) have evolved in their understanding of how social issues, such as poverty allevia-tion, relate to their fundamental purposes. From a business strategy point of view, ‘socially responsible’ initiatives are generally born with the dual purpose of attaining social visibility (i.e. marketing) and increasing economic returns. Besides address-ing social challenges as part of their corporate social responsibility strategies, MNCs have also begun ‘selling to the poor’ in emerging markets (Prahalad 2004). A few forward-looking companies consider this base of the pyramid market also as a source of innovation and have started to co-create with consumers (Simanis and Hart 2008).
Original languageEnglish
Title of host publicationSocially Responsive Organizations and the Challenge of Poverty
EditorsLUIGI SERIO
Pages253-263
Number of pages11
Publication statusPublished - 2014

Keywords

  • competitività
  • new business model

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