August 2009
Intermediate to advanced
432 pages
23h 35m
English
book
The Fortune at the Bottom of the Pyramid: Eradicating Poverty Through Profits, Revised and Updated 5th Anniversary Edition
by C. K. Prahalad
Content preview from The Fortune at the Bottom of the Pyramid: Eradicating Poverty Through Profits, Revised and Updated 5th Anniversary Edition
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5. Reducing Corruption: Transaction Governance Capacity
The private sector, as we saw in the previous chapters, can be a major facilitator of poverty alleviation through the creation of markets at the BOP. Although managers might be convinced about the opportunity, it is likely that there are lingering doubts about the capability of large firms to operate in these markets. The primary source of this concern is corruption. In many cases, the impact of micro regulations and local customs that are opaque to MNC managers might be interpreted as corruption. For example, the criticality of relationships in Japanese and Chinese business, opaque to the Western MNCs, can appear to be corruption. So will local customs and the set of mutual obligations ...
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