The BoP Challenge
Despite the significant number of potential 'consumers' at the BoP, many large organizations that are busy selling their products and services to the middle class, are yet to wake up to the BoP's fullest potential. Even today most of them shy away from this segment, especially in India. Some of the challenges that they face include:
- Maintaining quality at a low price point
- Problems with distribution
- Diversity of language, culture and geography
Because of these and a myriad of other reasons that make marketing at the BoP a challenge, the BoP consumer has yet to reap the kind and quality of benefits, that his middle class cousin enjoys.
Education at the BoP
Being one of the youngest populations of the world (a third of us are below the age of 15), we also account for one-quarter of the world's 104 million out-of-school children. But the overall education scenario is quite grim: nearly 50% of our children drop out of school by class five. For every 100 girls that enroll in school in rural India, only 18 reach class eight, nine reach class nine, and only one makes it to class twelve.
Access & Excellence - The gap
There is access to school education in India, but only on paper. In a country where a school can be found almost every three kilometres (not as often as one would think though), the costs far outweigh the results. High running and recruitment costs, scarce teacher commitment, lack of individual attention and poor academic performance make it an overburdened system. It is time to note that public schooling has clearly not lived up to its promise. It is time to look at a viable alternative ...
When children stay out of school, they are bound to grow up to become unskilled workers, unable to earn a decent living and provide for their children, which also means: their children in turn do not go to school. This is the challenge of the cycle of illiteracy and poverty, as illustrated here.