C. K. Prahalad

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Coimbatore Krishnarao Prahalad (8 August 1941 – 16 April 2010)[1] was a corporate and social strategist, educator and author. He was the Paul and Ruth McCracken Distinguished University Professor of Corporate Strategy at the University of Michigan Stephen M. Ross School of Business.[2]

He co-authored "Core Competence of the Corporation"[3] with Gary Hamel; and "The Fortune at the Bottom of the Pyramid"[4] with Stuart L. Hart, about business opportunity in serving the Bottom of the Pyramid.

On 16 April 2010, Prahalad died at the age of 68 of a previously undiagnosed lung illness in San Diego, California.[5]

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Education and teaching

Prahalad was born in Coimbatore (Tamil Nadu) in 1941. His father was a Tamil scholar and judge in Madras (now Chennai).[6]

At 19, he had finished his BSc degree in physics from Loyola College, Chennai, part of the University of Madras,[7] and joined Union Carbide, where he worked for four years. Four years later he did postgraduate work in management at the Indian Institute of Management Ahmedabad.

At Harvard Business School, Prahalad wrote a doctoral thesis on multinational management in two and a half years, graduating with a DBA degree in 1975.[8] After graduating from Harvard, Prahalad returned to the Indian Institute of Management Ahmedabad to serve as professor before returning to US again in 1977.

He returned to the United States in 1977, with an appointment to the University of Michigan's Ross School of Business Administration. He eventually became a tenured full professor, earning the university's highest distinction, Distinguished University Professor, in 2005.


Template:More sources In early 1990 Prahalad advised Philips' Jan Timmer on the restructuring of this electronic corporation, then on the brink of collapse.Template:Citation needed A process which was named Operation Centurion was set up, and was successful after two or three years.

Prahalad was the inspiration behind the vision of India@75. While commemorating the 60th year of India’s independence, on 23 September 2007, during the Incredible India@60 celebration at New York, he articulated the idea of holistic three dimensional development of India to acquire enough economic strength, technological vitality, and moral leadership by 2022 – the 75th year of India’s independence. The Confederation of Indian Industry adopted his vision on 8 May 2008.[9] [10] This initiative of CII has also found resonance with the Government, as in the ‘Strategy for New India@75’ document released by the NITI Aayog, Government of India in 2018.[11] C. K. Prahalad is the co-author of a number of works in corporate strategy, including The Core Competence of the Corporation (with Gary Hamel, Harvard Business Review, May–June 1990) which Template:As of was one of the most frequently reprinted articles published by the journal.[12] He authored or co-authored: Competing for the Future (with Gary Hamel, 1994), The Future of Competition (with Venkat Ramaswamy, 2004), and The Fortune at the Bottom of the Pyramid: Eradicating Poverty through Profits (Wharton School Publishing, 2004). His last book, co-authored by M. S. Krishnan and published in April 2008, is The New Age of Innovation. He co-authored: "Innovation's Holy Grail" with R.A Mashelkar which was chosen as a Harvard Business Review Top 10 articles on Innovation[13] and focuses on how developing nations are leading the way in innovation that focuses more on affordability and sustainability as opposed to the common premium pricing model.Template:Cn

Prahalad was co-founder and became CEO of Praja Inc. ("Praja" from a Sanskrit word "Praja" which means "citizen" or "common people"). The company had goals of providing unrestricted access to information for people at the "bottom of the pyramid" and providing a test bed for various management ideas. It eventually laid off a third of its workforce, and was sold to TIBCO. In 2004 Prahalad co-founded management consultancy The Next Practice, to support companies in implementing the strategies outlined in The Fortune at the Bottom of the Pyramid, which continued in operation Template:As of.[14] At the time of his death he was on the board of TiE, The Indus Entrepreneurs. Prahalad was a member of the Blue Ribbon Commission of the United Nations on Private Sector and Development.

Honors and awards

He was the first recipient of the Lal Bahadur Shastri Award for contributions to Management and Public Administration presented by the President of India in 1999.

See also


  1. Cite error: Invalid <ref> tag; no text was provided for refs named iimusa
  2. C.K. Prahalad Bio (en).
  3. Prahalad, C.K.; Hamel, Gary (May 1990). "Core Competence of the Corporation". Harvard Business Review. Harvard Business Publishing.
  4. Prahalad, C.K.; Hart, Stuart L. (2002). "The Fortune at the Bottom of the Pyramid" (PDF). Strategy + Business. Booz Allen Hamilton Inc.
  5. Stern, Stefan. "Manifesto writer for business survival", Financial Times, 19 April 2010. 
  6. C. K. Prahalad, Proponent of Poor as Consumers, Dies at 68. The New York Times (21 April 2010).
  7. Chidan. C K Prahalad: Guru of poverty and profit dies at 69 | India News - Times of India (en).
  8. Professor C.K. Prahalad Archived 14 September 2012 at the Wayback Machine
  9. India at 75-About Us-Genesis and vision.
  10. India at 75-a new India by 2022.
  11. {{cite web|url=https://www.ciiblog.in/economy/india75-the-vision%7Ctitle=India at 75 vision |website=www.ciiblog.in |access-date=21 October 2020
  12. Schumpeter. "The guru of the bottom of the pyramid", The Economist, 24 April 2010. 
  13. Archived copy.
  14. Archived copy.
  15. Prahalad, C.K. "The Role of Core Competencies in the Corporation," Research-Technology Management, Vol. 36, No. 6 (November–December 1993), pp. 40–47.
  16. The NRIs who made India feel proud. Rediff.
  17. Padma Awards. Ministry of Home Affairs, Government of India (2015).
  18. The Thinkers50 Ranking 2009. Thinkers50.
  19. "Viipuri Prize goes posthumously to world-renowned Professor C.K. Prahalad", Lappeenranta University of Technology, 16 November 2010. 
  20. The Viipuri Prize. Lappeenranta University of Technology.
  21. "2018 Hall of Fame Inductees", thinkers50.com. 

External links


Template:Herbert Simon Award recipients Template:PadmaBhushanAwardRecipients 2000–09

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