Concept of innovation in low-income market
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Keywords

Low-income market
incremental innovation
bottom of the pyramid
innovation adoption
home appliances

How to Cite

Nogami, V. K. da C., Vieira, F. G. D., & Veloso, A. R. (2017). Concept of innovation in low-income market. Review of Business Management, 20(1), 127–149. https://doi.org/10.7819/rbgn.v20i1.3044

Abstract

Purpose – Investigate the concept and the adoption of innovation in
the low-income market.


Design/methodology/approach – Four different studies were
conducted. First, a Delphi study with 126 Marketing and Innovation
professors from graduate programs. Second, interviews with 13
professionals, technical assistance professionals and retail managers.
Third, two focus groups with low-income consumers. Fourth, survey
with 390 respondents.


Findings – The results indicate that innovations in the low-income
markets are mainly characterized by adaptations and adjustments in
products, with emphasis on incremental innovations, not radical. In
addition, the adoption of innovation in this context is characterized
as late, not initial.


Originality/value – In terms of theoretical contributions, the present
study reveals how the concept of innovation is built in the low-income
market. From a perspective collectively constructed with information
from different market agents (industry, retail and consumers), research
findings become robust to understanding a phenomenon. Moreover, in
addition to different market agents, different methods of data collection
and analysis were also used, further enriching the results. This collective
contribution, based theoretically on a literature of social construction,
interviewing different market agents and using different methodological
approaches, synergistically potentiated the development of this paper.

https://doi.org/10.7819/rbgn.v20i1.3044
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PDF (Português (Brasil))

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