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FOCUS
on core competencies:
companies that concentrate on their key strengths are better able
to innovate around those strengths.This helps guarantee consistency
between the company's portfolio of activities and the SL business,and
will make it easier to mainstream successful pro-poor business in
the future.
- Re-examine
your product line or how its characteristics and your existing
business models can be adapted to suit the distinctive requirements
of lower market segments.
- Focus
on what the company does well and plan to partner with local actors,
not-for-profit organizations and other companies that offer complementary
expertise, skills, and resources.
PARTNER across sectors: governments
and NGOs are increasingly interested in working with business. By
involving development organizations that share similar goals, companies
can benefit from on-the-ground expertise and additional resources.
Likewise, thinking across sectors might lead to innovative partnerships
involving companies from different industries, addressing a bundle
of needs holistically.
LOCALIZE the value creation:
companies operating in developing countries often lack the usual
infrastructure and support systems market intelligence, manufacturing
capabilities, or distribution channels. So they have much to gain
from tapping into local networks and local knowledge
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