The Fortune at the Bottom of the Pyramid
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- Date Submitted: 06/14/2012 07:37 PM
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The Fortune at The Bottom of The Pyramid
The Fortune at The Bottom of The Pyramid
The first thing I want to say is about “Poverty”. 2000 years ago, in ancient China, an philosopher Lao Zi called:
Giving a man a fish and you will feed him for a day, teaching a man to fish and you will feed him for a lifetime.
C.K. Prahalad (1941-2010) devoted his life to the basic questions such as what is poverty. How is it measured? Who are the poor? In his definition, the poor generally lack a number of elements, such as education, access to land, health and longevity, justice, family and community support, credit and other productive resources, a voice in institutions, and access to opportunity. He would rather focus on an individual’s potential to function than the results the individual obtains from functioning. I really appreciate his point on this.
Prahalad gives us another angle point of view and new approach to resolve poverty, combining the market interest with the benefits for the poor - a win-win strategy for economic development and poverty alleviation. Theory always brings us with hope, but, how to successfully put it into practise? Should be a big big challenge!
C.K. Prahalad (1941-2010)
This is first time I heard about this famous person. I think explain his vision before try to know him as more as possible.
C.K. Prahalad, who died Apr. 16, 2010 at 68, was hell-bent on shaking managers free of what he called their "dominant logic"—deeply held assumptions about the world. He was a provocative thinker who regularly came up with startling insights that would send executives scrambling. During his 33-year career as a business philosopher, a professor of strategy at the University of Michigan's Stephen M. Ross School of Business, and a well-paid consultant, Prahalad developed theories that have become so commonplace it's easy to underestimate the impact they had at the time. In 1990, he argued that businesses should...
The Fortune at The Bottom of The Pyramid
The first thing I want to say is about “Poverty”. 2000 years ago, in ancient China, an philosopher Lao Zi called:
Giving a man a fish and you will feed him for a day, teaching a man to fish and you will feed him for a lifetime.
C.K. Prahalad (1941-2010) devoted his life to the basic questions such as what is poverty. How is it measured? Who are the poor? In his definition, the poor generally lack a number of elements, such as education, access to land, health and longevity, justice, family and community support, credit and other productive resources, a voice in institutions, and access to opportunity. He would rather focus on an individual’s potential to function than the results the individual obtains from functioning. I really appreciate his point on this.
Prahalad gives us another angle point of view and new approach to resolve poverty, combining the market interest with the benefits for the poor - a win-win strategy for economic development and poverty alleviation. Theory always brings us with hope, but, how to successfully put it into practise? Should be a big big challenge!
C.K. Prahalad (1941-2010)
This is first time I heard about this famous person. I think explain his vision before try to know him as more as possible.
C.K. Prahalad, who died Apr. 16, 2010 at 68, was hell-bent on shaking managers free of what he called their "dominant logic"—deeply held assumptions about the world. He was a provocative thinker who regularly came up with startling insights that would send executives scrambling. During his 33-year career as a business philosopher, a professor of strategy at the University of Michigan's Stephen M. Ross School of Business, and a well-paid consultant, Prahalad developed theories that have become so commonplace it's easy to underestimate the impact they had at the time. In 1990, he argued that businesses should...