Professor C.K. Prahald joined us November 6, 2006. A globally known management expert, author and consultant, C.K. Prahalad has worked with many of the world's foremost companies including AT&T, Cargill, Citicorp, Oracle, TRW and Unilever.
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Prahalad is the author of a number of well known works in corporate strategy including “Competing for the Future” and the international bestseller “The Fortune at the Bottom of the Pyramid: Eradicating Poverty through Profits.”
He was co-founder and became CEO of Praja Inc. ("Praja" from a Sanskrit word "Praja" which means "citizen" or "common people"), who’s goals included gaining access to information without restriction for all and providing a testbed for various management ideas. Although the company eventually laid off 1/3 of its workforce and was sold to TIBCO, Prahalad pulls many priceless lessons from this experience.
A top ten management thinker in every major survey for over ten years, Business Week said of Prahalad, "[he is] a brilliant teacher at the University of Michigan, he may well be the most influential thinker on business strategy today."
He is also a member of the Blue Ribbon Commission of the United Nations on Private Sector and Development and was the first recipient of the Lal Bahadur Shastri Award for contributions to Mnagement and Public Administration presented by the President of India in 2000. Recently Prahalad earned the third spot on Suntop Media's 2005 "Thinkers 50" list, just behind Harvard strategy specialist, Michael Porter, and Microsoft founder, Bill Gates.
Prahalad’s research focuses chiefly on next practices, corporate strategy and the role of top management in diversified multinational corporations. His current work addresses a complex emerging market, the world's poor and the innovative business models that will help end world poverty.