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Management guru C K Prahalad passes away

Management guru C K Prahalad passes away
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First Published: Sat, Apr 17 2010. 01 15 AM IST
Updated: Sun, Apr 18 2010. 09 30 AM IST
Dr Coimbatore Krishnarao Prahalad (C K Prahalad), a corporate strategist, management consultant, author and a distinguished professor, Ross School of Business, University of Michigan passes away in San Diego on 16 April after fighting three weeks of an unknown bronchial ailment. Unconfirmed Twitter updates reveal Prahalad was admitted to intensive care about 10 days ago with breathing related problems.
He was 68. He is survived by his wife, Gayathri Prahalad (40); son, Murali Prahalad; daughter, Deepa Prahalad, their spouses and three grandchildren.
Prof Prahalad had advised the top management of many of the world’s foremost companies. He served on the board of NCR Corporation, Hindustan Lever, TVS Capital Funds and the World resources institute. He was the chairman and founder of The Next Practice.
Message from C K Prahalad family
“A prolific author, Prahalad contributed to fundamental business concepts such as strategic intent, core competence, and co-creation arising from his work with multinational companies. His most ambitious work, the “Fortune at the Bottom of the Pyramid,” outlined a model for large firms to engage with the poor. The recipient of many honors and awards, Prahalad’s most recent accolades include a 2009 Padma Bhushan, one of India’ highest civilian honors, and he was voted the world’s leading management thinker by Thinkers50 in 2009.
KV Kamath, chairman, ICICI Bank said early this morning, “CK was one of the foremost lateral thinkers of our times. He had this uncanny knack of looking into the future as far as business and life around us was concerned. Whether it was the fortune at the bottom of the pyramid or the potential rise of the multinational Indian business, he saw it at least ten years before anyone else. His thoughts and guidance had a profound impact on several Indian businesses. He was busy visioning India at 75. To me he was a mentor and friend over the last 15 years and this is a great personal loss. Our country has lost a visionary.”
CII mourns the passing away of Professor CK Prahalad
“In the passing away of Professor CK Prahalad, India and Indian Industry has lost a great visionary and strategist,” said Venu Srinivasan, president, CII. “He played an exemplary role in bringing Indian manufacturing to the centre stage. CII had an opportunity to work with Professor Prahalad for over two decades on leadership and competitiveness. Inspired by his vision for an economically vital, technically innovative, socially and ethically vibrant India turning 75 in 2022, CII evolved ‘India@75 –The People’s Agenda’ as its Mission in 2009 to create a movement wherein everyone contributes towards the development and growth of India” observed CII president.
Rajan Navani, CII’s chairman for India@75 said: “He had the unique ability to stretch your mind by a great idea and then the mind just could not return to its original dimension. He created the India@75 vision, which has inspired us immensely and we will continue to provide thought leadership and help shape the aspirational long-term agenda of the organization in nation - building and developing a global footprint for India.”
“It has come as a tremendous shock to me personally and to the CII membership to hear that Prof C K Prahalad has passed away after a brief illness. He was a path breaker and out of the box thinker. Many of his ideas have been India centric and have been responsible for a change of mindset in both policy makers and the Industry,” said Arun Bharat Ram, past president, CII.
Anand Mahindra, past president, CII said: “CK was a management guru to global business practicioners. But he will always hold a special place in the hearts of Indian managers as the man who gave us the courage and the confidence to compete, as equals, on a global stage.”
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First Published: Sat, Apr 17 2010. 01 15 AM IST