Dr C K Prahalad is no more ! . The sad news of his death at a San Diego hospital yesterday morning shocked the business world . A great management guru and thought leader with an open mind and a passion for working towards the less privileged citizens of the society , his passing away at the age of 69 years is a great loss to the global business leadership .
” Fortune at the Bottom of the Pyramid ” , authored by Dr Prahalad after extensive research of the dynamics of the Indian rural market shaped the government policies and business strategies of many Indian companies and MNC’s while positioning their service offerings for the Indian market . While retaining his global outlook in managerial thinking , Dr Prahalad understood fully the special needs and opportunities for India and advocated policy initiatives to leverage the unique endowments of Indians and India to the global business community.
For his significant contribution to the Indian management thinking and education , Dr Prahalad was awarded the national honor of ” Padma Bhushan ‘” by the Indian government . He was consulting for and also in the board of many Indian companies and educational institutions when fate snatched him away .
I was fortunate enough to listen to Dr Prahalad in person during the national seminar of All India Management Association in 1997 at Bangalore and his messages for the Indian manager during that talk still linger in my memory . It was only a few days back that I took notes from his one page brief in the HBR Jan – Feb 2010 issue titled ‘ The Responsible Manager ” which he usually gave as a valedictory speech to his students after every teaching program conducted by him .
I take this opportunity to pray for the departed soul whose legacy will always be cherished by all management thinkers and students all over the world.
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