Innovating for the Middle of the Pyramid in Emerging Countries [Hardcover]

Explains how firms innovate for the new and growing middle classes in emerging economies, i.e. the middle of the pyramid.This volume provides novel insights on how firms innovate products and services to match the distinct needs of the underserved and growing middle classes (i.e. the middle of the pyramid) of emerging markets. It will be useful for managers, consultants, researchers, and students interested in emerging economies and innovation.This volume provides novel insights on how firms innovate products and services to match the distinct needs of the underserved and growing middle classes (i.e. the middle of the pyramid) of emerging markets. It will be useful for managers, consultants, researchers, and students interested in emerging economies and innovation.The transformation of emerging markets in recent decades has generated a new, growing, and very large middle class market, also known as the middle of the pyramid. This market segment, which is middle by the standards of emerging markets yet low by the standards of advanced economies, is extremely attractive for firms, but still understood and underserved. This volume presents detailed analyses of exemplary firms that have innovated products, services, and business models to fulfil the needs and desires of these new middle classes. It provides useful insights for managers, consultants, researchers, and students interested in emerging economies, and actionable lessons on how to innovate for a new and expanding market segment.1. Innovating for the New Middle Classes in Emerging Countries Alvaro Cuervo-Cazurra; 2. New Middle Classes in Medium-Income Countries Miguel A. Montoya and Francisco J. Valderrey; 3. Innovation that Saves Lives Miguel A. Montoya and Francisco J. Valderrey; 4. Education for Everyone Otto Regalado-Pezua and Daniel Lemus; 5. 'My House, My Pride'  The Housing Problem in the Middle of the Pyramid Lucia Rodriguez-Aceves, Jose Manuel Saiz-Alvarez, Edgar Muiz-Avila, and Mario Adrian Flores-CalCV