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IIM-K to set up Prahalad fund

April 24, 2010 04:04 IST

The Indian Institute of Management, Kozhikode (IIM-K), has decided to commemorate the contribution made by late Professor C K Prahalad, by setting up an endowment fund in his name. The aim of this fund is to globalise Indian thought leadership through knowledge creation and dissemination.

According to IIM-K Director Debashis Chatterjee: "We are the first business school in the world to commemorate the contribution made by Prahalad. IIM-K expects to generate Rs 1 crore through the endowment fund this year to promote the values Prahalad stood for. We are also pleased to announce an annual lecture entitled 'C K Prahalad Memorial Annual Lecture–the Rise of India from the Bottom to the Top of the Pyramid'. It will be delivered each year by an eminent management thinker and practitioner from around the world, with a view to inspire young Indians to rise to the challenge of leading India through inclusion and excellence."

Professor C K Prahalad, a world renowned management guru, passed away on April 16 this year following a brief period of illness, at San Diego in US at the age of 68.

He was the chief guest at IIM-K's 2008 convocation and gave an inspiring and evocative vision for India @ 75. Prahalad is today acknowledged as one of the foremost management gurus of the world. He was best known for his work Fortune at the Bottom of the Pyramid and was also conferred the Padma Bhushan by the Government of India in 2009.

BS Reporter in Ahmedabad