Our Staff Writers and Editors offer insights on the latest news, events, interviews and other happenings from the development through enterprise and base of the pyramid universes
Monday, September 28, 2009 — South Asia

SKS at the Crossroads

Source: Forbes India

By Shloka Nath On a rainy afternoon at a five-star hotel in suburban Mumbai, Vikram Akula is making a fervent pitch to a group of potential investors in the enterprise he founded, SKS Microfinance (SKS). Akula and SKS chief executive Suresh Gurumani take turns at the mike to impress on the rainmakers the advantages of investing in SKS, well on its way to becoming the world's biggest microlender. While their purpose is the same, the two men present a study in contrast. Akula,...
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Thursday, September 24, 2009 — South Asia

IDE India Featured on PBS

Source: PBS NewsHour with Jim Lehrer

NewsHour correspondent Fred de Sam Lazaro reports on how India is trying to feed its growing population while maintaining the environment. Watch the full video: ...
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Tuesday, September 22, 2009 — No Region Specified

Innovation at the Bottom of the Pyramid

Source: New York Times

According to C. K. Prahalad, a professor of corporate strategy at the Ross School of Business of the University of Michigan, corporations seeking to create new markets addressing the needs of the billions of poor people living at the bottom of the economic pyramid can — and should — use that effort to drive sustainability and innovation within their own ranks. The primary lesson, said Mr. Prahalad in a recent telephone interview with Green Inc., is learning to “do...
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Tuesday, September 22, 2009 — South Asia

We Must See India As One - Prahalad

Source: Forbes India

When Coimbatore Krishnarao Prahalad and his colleague Stuart Hart wrote an article on the bottom of the pyramid (BOP) in 1998, no management journal accepted it. Unconvincing, they said. In 2002, Strategy+Business agreed to publish it and that one idea changed the way multinationals thought. Suddenly, everyone was looking at poor people across the world as a lucrative market. Prahalad followed his idea up with the bestselling title The Fortune at the Bottom of the Pyramid. The fift...
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Tuesday, September 22, 2009 — South Asia

A Paradigm Shift in Ayurveda

Source: Express Healthcare Management

Imagine this: You are a budding and ambitious entrepreneur in your mid 30s and you are interested in healthcare or say Ayurveda, to be more precise. The best part is you are also sanctioned an appreciable fund to set-up a chain of Ayurveda centres across India. Sitting in your boardroom, you are thinking about the locations for your new centres. Which places are you likely to choose, keeping in mind that you have sufficient funds? Maybe a place where there are high-income gro...
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Thursday, September 17, 2009 — No Region Specified

Legatum Center Hosts 2nd Annual Conference

Source: Press Release

MIT Legatum Conference on Oct 2 The Legatum Center at MIT is holding its second annual conference on October 2nd, 2009 in Cambridge, MA. The Center's annual conference provides a forum for discussion of issues relating to entrepreneurship and international development. In 2008, the conference featured an unprecedented gathering of 5 Nobel Laureates in Economics ,...
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Tuesday, September 15, 2009 — Latin America

Pioneers of Prosperity Select 2009 Winners

Source: Press Release

The 2009 Pioneers of Prosperity Caribbean program is pleased to announce that Bulkan Timber Works of Guyana has taken the competition’s grand prize. Alternative Insurance Company of Haiti and Totally Male Ltd. of Jamaica were also recognized. On September 11, 2009, ten finalists from seven countries across the Caribbean competed for a grant of US $100,000 to invest in the growth of their company, and the prestigious title of Pioneer of Prosperity. The Honorable Orette Bruce Goldin...
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Monday, September 14, 2009 — South Asia

Danone May Apply Bangladesh Lessons to India

Source: Business Standard

Groupe Danone, the $18-billion French dairy company, is understood to be exploring a strategy for India which will leverage on its experience in Bangladesh. One of the things Danone is studying is to enter with an affordable initiative, what it internally calls a bottom of the pyramid one. Danone has a joint venture with The Grameen Group in that country, from early 2006, with a focus on easily affordable dairy products. The Grameen Danone Foods model relies on the creat...
Monday, September 14, 2009 — South Asia

A Fresh Start - Rural Job Seekers Find a Brighter Future

Source: Knowledge@Wharton

To get a sense of India's rural-urban union, drop in on a McDonald's restaurant in the southern state of Andhra Pradesh, where hungry customers scan the brightly lit menu panel above the counter and line up to place orders. The eatery, nestled in a busy shopping mall in downtown Hyderabad, is unique: Most of the youngsters flipping burgers and taking orders are not city slickers, but employees recruited from India's rural belly. Take college dropout K. Bhargavi, 23, who...
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Monday, September 14, 2009 — South Asia

Economic Crisis Forces Businesses to Focus on the Poor

Source: Huffington Post

In India, the economic crisis may actually be good news. During the salad days of the past decade, India's entrepreneurs grew fat selling gas guzzlers and palatial homes to the country's new rich, while ignoring the needs of the biggest segment of Indian consumers: the poor. It was an expatriate Indian, the University of Michigan's C.K. Prahalad, who first posited that there were millions to be made selling to the "bottom of the pyramid." Now that's start...
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