US: In what may be termed as a major setback for the business world, management doyen C.K. Prahalad passed away in San Diego on Friday, 16th April. Prahlad, who is known as the guru of the ‘Bottom of The Pyramid Approach’, began his career at the Union Carbide at the age of 19. He completed his post-graduation at the Indian Institute of Management, Ahmedabad and did his PhD in multinational management from the Harvard Business School. Prahlad was later appointed as the Distinguished University Professor of Corporate Strategy at the University of Michigan.
He specialised in corporate strategy and was regularly consulted by the top management of many of the world’s foremost companies. Last year, he was felicitated with the Pravasi Bharatiya Sammaan, the Padma Bhushan by the Government of India and was ranked as the world’s most influential business thinker by The Times. He was present at the Map World Forum 2009 where he elucidated upon the ways in which managers can utilise mapping technologies to improve the quality of their operations.