Dr Alan G Merten, president of George Mason University, who had a 30-year-old friendship with C K Prahalad pays tribute to the management guru.
"There is no one who is willing to articulate a view of India and Indianness with clarity and force so that the country can come together and make the sacrifices needed to build a new India that the framers of the Constitution imagined," Prahalad said at the seventh Nani A Palkhivala Memorial Lecture in Mumbai.
Prahalad, who is the first Indian-origin thinker to claim the title, was ranked number three in last year's Thinkers 50 list brought out by Suntop Media. A professor at the University of Michigans' Stephen M Ross School of Business, Prahalad specialises in corporate strategy research and is a globally known figure consulted by the top management of many of the world's foremost companies.
'For C K, the business of business must be to improve the world for everyone.'
C K Prahalad, one of the world's renowned management gurus, passed away on Friday. Associated with some of the top educational institutes around the world, the Harvard Business School graduate also was a consultant to many top global companies.
Three years ago, C.K. Prahalad unearthed the 'fortune at the bottom of the pyramid.' It is, he says, still very real.
Singh said his evangelising zeal had taught businesses to create new markets and made India a hub for innovation.
Rajeev Srinivasan considers the legacy of the man who popularised strategic intent and the Bottom of the Pyramid.
Coimbatore Krishnarao Prahalad spoke in a measured baritone and asked for feedback on his latest book -- The New Age of Innovation -- which was launched in India in April 2008, almost a month before its scheduled distribution in the United States. The University of Michigan professor listened intently, almost like a student eager to know whether he had gone wrong anywhere.
I can't believe CK is no more. He was always such an imposing presence that he seemed invincible and larger than life. To hear that an unknown virus snatched him prematurely away from us seems like another of life's cruel jokes. I am sure CK's best was yet to come.
Story about a simple boy who studied in a Tamil-medium school transformed the mindsets of frightened Indian business leaders.
In a sense, C K Prahalad was behind the curve; he provided coherent articulation of existing best practices rather than providing future prescriptions.
C K Prahalad, has been voted as the most influential living management thinker for the second time in a row.
In the demise of C K Prahalad, the corporate world has lost a management guru and a corporate strategist of the highest order. While he will indeed be missed by all in the corporate world, his lifelong commitment and work towards helping shape the future of global economy will inspire and guide leaders all over the world for a long time to come. His fresh and ever-evolving business insights, and the sheer depth and breadth of his knowledge helped entrepreneurial ambitions
Chairman and Managing Director of TVS Capital Funds Ltd Gopal Srinivasan was a student of Prahalad at the University of Michigan. In a tribute to his guru, he remembers how Prahalad had imagined India@75.
These are people known little to the general public but revered throughout the business world.
Does it depend on the company's context - and a true understanding of its core competences?
Dr Venkatram Ramaswamy, Hallman Fellow of Electronic Business and Professor of Marketing at the Ross School of Business, University of Michigan, Ann Arbor, USA, is in India to speak at Guruspeak, an annual event organized by IIM-Calcutta.
The going hasn't been that easy for beverage majors. For most part, these firms have struggled to make a profitable product at Rs 5.
The scholars recalled Prahalad's contribution to the management field and his recognition as a top management thinker across the world.
'There is no denying that he was the pioneer among Indian American management experts and set the trend for so many others to follow'
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 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.
Akula may be much celebrated, but he is not alone. There are dozens of MFI success stories, all of whom have surfaced over the last five-seven years, with a common mandate to "eradicate poverty", profitably. With a turnaround time for MFIs at one or two years, competition among the top few MFIs is intensifying to attract equity investments. Interestingly, with barely 15 per cent of rural households currently MFI borrowers, there is sufficient leeway for growth.
"There is no one who is willing to articulate a view of India and Indianness with clarity and force so that the country can come together and make the sacrifices needed to build a new India that the framers of the Constitution imagined," Prahalad said at the seventh Nani A Palkhivala Memorial Lecture in Mumbai on Thursday.
"India needs to build a minimum of 500 new cities urgently. However, it has to be done from scratch to accommodate people who are on the move and to provide them better quality life," he said.
Delivering the Seventh Nani A Palkhivala Memorial Lecture in Mumbai on Thursday, he highlighted the funding of election campaigns by politicians and the return they try to achieve after they win as one of the basic reasons for corruption in the country.
India's economic condition is expected to improve by 2022 though the gap between the rich and the poor would widen, said C K Prahalad, management consultant and author of corporate strategy, including The Core Competence of the Corporation, said on the sidelines of the CII press conference.
Sunil Mittal's race up these rankings to No. 2 marks a triumph of core competence over diversification in India.
Business gurus C K Prahalad, Ram Charan, Vijay Govindarajan and Rakesh Khurana rank among the world's best management brains.
People of Indian Origin want to talk to ministers so that their problems can be solved, says Amit Mitra, Secretary-General, FICCI.
I see at least 20 other Indian companies being considered as global companies, says C K Prahalad.
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