Do you feel that it is ethical and/or appropriate to utilize a "Bottom of the Pyramid" strategy where you make money off the world's poor? Explain why you feel this way.

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18-07-2020
Business

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Do you feel that it is ethical and/or appropriate to utilize a "Bottom of the Pyramid" strategy where you make money off the world's poor? Explain why you feel this way.

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sandlee09 sandlee09 · Answer 1 · 2020-07-19T02:22:11+02:00

Answer:

Explanation:

The Bottom of the Pyramid strategies focuses on improving widespread poverty while providing profits and growth for multinational companies at the same time. With this definition, it is an ethical business model because it the companies are profiting but at the same time those at the bottom of the pyramid are benefiting, usually from having jobs. It would be unethical if these companies were simply taking from the individuals at the bottom of the pyramid.