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  • 2011
  • Chapter
  • Negocios inclusivos y empleo en la base de la piramide

El Sector Privado y las Responsabilidades Públicas: El Rol de las Soluciones Comerciales en la Temática Social

By: Michael Chu
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Abstract

In today's world, certain goods and services are considered so basic that, regardless of culture, they are accepted as public responsibilities. However, for the low-income populations in developing countries, which constitute the majority of the world, access to these takes place through cash markets, which often overwhelm the supply from public sources. Recently, the insertion into this world of business models incorporating advanced management expertise have demonstrated that commercial success is possible while significantly improving access to these basic services for the base of the pyramid. This is illustrated through examples in water, healthcare, and microfinance. In the process, a case is made that these disruptive commercial models are a key component in the response to poverty, and that there is a social role for financial returns. Accordingly, the basic goods and services of society must be defined both as public and private, each complementing the other.

Keywords

Business Model; Developing Countries and Economies; Private Sector; Public Sector; Management Practices and Processes; Human Needs; Poverty; Commercialization

Citation

Chu, Michael. "El Sector Privado y las Responsabilidades Públicas: El Rol de las Soluciones Comerciales en la Temática Social." Chap. 1 in Negocios inclusivos y empleo en la base de la piramide. Estudios Internacionales. Madrid: Universidad Complutense de Madrid, 2011, Spanish ed.

About The Author

Michael Chu

General Management
→More Publications

More from the Author

    • October 2022
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    Ceibal: Sustaining and Scaling Educational Innovation in Uruguay

    By: John J-H Kim, Michael Chu and Mariana Cal
    • September 2022
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    BancoSol: Financial Inclusion in the Perfect Storm

    By: Michael Chu and Carla Larangeira
    • August 2022 (Revised October 2022)
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    Katitas: Home Ownership for the Majority of Japan

    By: Michael Chu, Akiko Kanno and Nobuo Sato
More from the Author
  • Ceibal: Sustaining and Scaling Educational Innovation in Uruguay By: John J-H Kim, Michael Chu and Mariana Cal
  • BancoSol: Financial Inclusion in the Perfect Storm By: Michael Chu and Carla Larangeira
  • Katitas: Home Ownership for the Majority of Japan By: Michael Chu, Akiko Kanno and Nobuo Sato
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