The Fortune at the Bottom of the Pyramid

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...