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.

Highlights

  • The concept of innovation is conventionally associated with technology, modernity, electronics and high-tech products (Kuczmarski, 2003; Prahalad, 2012)

  • In terms of theoretical contributions, the present study reveals how the concept of innovation is built in the low-income market

  • We focused on the Brazilian low-income market, comprised of consumers that do not have high purchasing power to take advantage of products and services involving high technology standards

Read more

Summary

Introduction

The concept of innovation is conventionally associated with technology, modernity, electronics and high-tech products (Kuczmarski, 2003; Prahalad, 2012). In other words, studying innovation beyond technological perspectives is a task for the marketing and innovation area (Viswanathan & Sridharan, 2012). This paper investigates this concept from a socially constructed perspective, considering the risks and uncertainties that surround the decision-making process of lowincome consumers living in a poor environment lacking basic infrastructure for day-to-day life (Kuczmarski, 2003; Prajogo & Ahmed, 2006; Rogers, 2003). The aim of this paper is: to discover what is the concept of innovation built in the low-income market; we conducted a multi-method study in order to uncover how the low-income market understands and adopts innovation

Objectives
Methods
Results
Conclusion
Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.