Definitions
Base of the Pyramid (BoP)
The 4 billion people, who live on an income (purchasing power parity) of $4 or less per day (approximately $1500 per year).Design4Billions
Western product development for the 4 billion consumers in emerging markets, who live of less then $4 a day.Designer4Billions
Professional western design engineer (working for a western company and) developing products for the 4 billion consumers in emerging markets, who live of less then $4 a day.Foundation
Philanthropic corporation that is a legal entity and that is set up by individuals or institutions.Knowledge
Someone’s partially unconscious capability to perform a specific task; a function of someone’s information, experience, skills and attitude of someone at a given moment of time: K=f(I*ESA).Multinational corporation (MNC)
Corporation, operating in two or more countries. Since it is headquartered in only one country but has production or marketing facilities in others, It is the result of previous foreign direct investment.Non-governmental organization (NGO)
Not-for-profit organization that pursues an issue or several issues of interest to its members by lobbying, persuasion, and/or direct action. In the arena of international economics, NGOs play an increasing role defending human rights and the environment and fighting poverty.Prior art
Prior art is anything published before the filing/priority date of the application that is in some way relevant to the application. Prior art could also include those things that are commonly known but not published per se.Small and medium-sized enterprise (SME)
Corporation, employing fewer than 250 persons and having an annual turnover of maximum €50 million, and/or an annual balance sheet total of maximum €43 million.Typical BoP-vocabulary will be added in the future, e.g.
- Human development index
- Inclusive capitalism
- Self Help Group
- Disruptive innovation
