Advances in Consumer Research
Issue 4 : 2791-2793
Original Article
Innovation at the Grassroots: From Competition to Opportunity
 ,
1
Director, Academy of Lifelong Learning, Dean, Faculty of Humanities & Social Sciences, Atmiya University, Rajkot
2
Head, Dept of Economics, Bhavan’s College, Andheri west, Mumbai- 58
Abstract

It has begun a number of initiatives in terms of widening distribution reach through traditional as well as unconventional channels. HUL has also empowered rural women by assisting them in obtaining financial assistance through its project shakti.  70% of the Indian population lives in rural areas. This segment, commonly referred to as the 'bottom of the pyramid', presents a huge opportunity for companies. Hindustan Unilever Ltd (HUL), considered one of the best-managed companies in India, understands the importance of rural marketing. The trigger point came when a local firm Nirma, through its new product formulation, pricing and distribution challenged HUL's detergent business. Nirma's attack from below made HUL realise its vulnerability as well as identify a new opportunity. Since then, HUL has launched various initiatives to reach out to the rural consumer. It has changed its product formulations and deliveries.

Keywords
Recommended Articles
Original Article
The Role of Mentorship in Transmitting Religious Culture and Building Islamic Civilization.
Original Article
Automated Translation In Live Sessions.
...
Original Article
Air Quality Monitoring and Alert System
...
Original Article
Applying Ipsas 23 To Recognize Non-Trading Operating Revenue At Public Hospitals In Hanoi Area, Vietnam.
Loading Image...
Volume 2, Issue 4
Citations
244 Views
721 Downloads
Share this article
© Copyright Advances in Consumer Research