CK Prahalad, Paul and Ruth McCracken
Distinguished University Professor of Corporate Strategy at the Stephen M. Ross School of Business in the University of Michigan
passed away on 16th April 2010 after a brief illness. His core
competency was strategic insight and vision and his
legacy to the world, the
concept of the
Bottom of the Pyramid, which changed
the way big
business viewed the teeming, huddled poverty stricken masses of the
former third world as
micro-innovators, micro-
producers and so, micro-consumers in
their own right. Among others,
his work inspired Ratan Tata as the
Nano turned conventional wisdom of automobile manufacturing on its head and
paved the way for Indian industry
to focus on the
high volume/low margin potential of their domestic
market. In
2009, he was named the "
world's most influential thinker" .
Though not
uncriticized for
his theories on the
Fortune at the Bottom of the Pyramid, one can acknowledge his role in overcoming the "
tyranny of dominant logic" that the poor should
not simply be recipients of charity but
demanding customers in
challenging environments. RIP, sir. {
previously,
previously}
posted by infini
on Apr 17, 2010 -
14 comments
In 2010,
Obama will have a miserable year,
NATO may lose in Afghanistan,
the UK gets a regime change,
China needs to chill,
India's factories will overtake its farms,
Europe risks becoming an irrelevant museum,
the stimulus will need an exit strategy,
the G20 will see a challenge from the "G2",
African football will
unite Korea,
conflict over natural resources will grow,
Sarkozy will be unloved and unrivalled,
the kids will come together to solve the world's problems (because their elders are unable),
technology will grow ever more ubiquitous,
we'll all charge our phones via USB,
MBAs will be uncool,
the Space Shuttle will be put to rest, and
Somalia will be the worst country in the world. And so
the Tens begin.
The Economist: The World in 2010.
[more inside]
posted by goodnewsfortheinsane
on Nov 14, 2009 -
60 comments
