Preceding the Bangladeshi JV At a 2005 lunch in Paris, Riboud asked Yunus what Danone might do to help the poor When Yunus explained the social business concept, Riboud immediately said, "Let's do it and the two shook hands on setting up their JV. Although this Jv is one of the first social businesses established in partnership with a major MNE, Roosevelt's "forgotten man" was not completely forgotten in the interim. Many organizations have marketed to the BoP (most notably in the 1970s' heyday of the appropriate technology movement), with such devices as crank-operated cash registers, dung-powered stoves, and bicycle-propelled water pumps. Nor is this JV the first effort aimed at nourishing the poor. A notable example is Central America's protein powder (Incaparina), which, though more nutritious and less expensive than milk, has had mixed success. These experiences offer the following lessons for companies wishing to tap the BoP especially with a nutritious product: Price-Low and stable prices help create and sustain sales, so companies gain an advan tage by finding new means to cut and stabilize their own costs, which they then pass on to customers Product compatibility-High nutrition at a low price alone is insufficient. Produ must be compatible with the target market's accustomed habits and visually appealing and vorful to buyers, so it is vital to pick the right products and adapt them to local markets Education-Within some countries the BoP is largely illiterate, has low access media, and is unconvinced about cause-effect scientific relationships. Hence, it may be important to reach people in this segment by nontraditional means convince them that changes from nutrition are important and take time, and convey information that they will believe valuable, so the use of opinion Promotion-Publicity prior to the start of sales is quite leaders (those that this group accepts) is essential in developing credibility. government Competition-Given efforts to help the poor, competition may come from outperform programs, not-for-profit organizations, and charities. Thus, companies need to this competition or find means of working cooperatively with it