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Polycentric Innovation: A New Mandate for Multinationals
What do John Deere, Cisco, and Obopay have in common? All three companies form a new breed of enlightened Western firms that have embraced what I call "polycentric innovation." Polycentric innovation is an emerging business practice that consists of networking international talent, capital, and ideas to meet global demand for new products and services. Wait, isn’t that what multinationals have been doing for decades? Not really. While it’s true that leading American and European...
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Investor in People
The former banker Jacqueline Novogratz founded the Acumen Fund to provide capital for small businesses in developing countries. She explains to Helena Frith Powell why, if you want to help the world’s poor, you have to invest in them, rather than just giving them money. ...
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Investor in People
The former banker Jacqueline Novogratz founded the Acumen Fund to provide capital for small businesses in developing countries. She explains to Helena Frith Powell why, if you want to help the world’s poor, you have to invest in them, rather than just giving them money. ...
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World?s Top Biz Thinker Reflects on Global Impact of His Work
With $18 in his pocket, local resident C.K. Prahalad emigrated from India 32 years ago accompanied by his wife and their two young children. $18 was the amount of money he was allowed to take out of India at the time due to government currency restrictions. Fortunately, when he arrived in Ann Arbor, Michigan, he had a couple of other things going for him. He had a doctorate in business administration from Harvard Business School that he had earned two years earlier and he ha...
- Region
- South Asia
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Tatas Going Global with Low-Cost Housing
Kochi, Nov. 5 The Tatas are giving a global perspective to their successful affordable housing model, which was launched in Mumbai. Mr Ratan Tata, Chairman of Tata Sons, said that Tata Housing has got enquiries for replicating the Mumbai housing model from other countries and is likely to start out from Maldives. Enquiries have come from various other States and the affordable housing model would soon be extended to Kolkata, Bangalore and Assam. He said there exists tremendo...
- Categories
- Uncategorized
- Tags
- housing
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Apollo Hospitals: ’We Are Trying to Build 10 Hospitals Every Year’
Apollo Hospitals, the country’s largest healthcare chain, wants to add 10 hospitals a year for providing services to the population at the bottom of the pyramid. The aim is to reach out to a billion people in a decade. In an interview with Joe C Mathew, Apollo Hospitals Executive Chairman Prathap C Reddy says the challenge is not in the funding, but in finding the human resources. Excerpts: Apollo is the first and only hospital in the country to have a stamp bearing its name...
- Region
- South Asia
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MChek Aims to Grow 10-fold in Five Years with Telecom Majors
Bangalore: Sanjay Swamy has hit it off with the big daddies of telecom and banking— Bharti Airtel Ltd, State Bank of India and ICICI Bank Ltd—offering their customers options to make payments over the increasingly ubiquitous mobile phone. The cheery Swamy heads Bangalore-based start-up mChek India Payment Systems Pvt. Ltd. Its payment feature comes inlaid on every subscriber identity module (SIM) card issued by Airtel and Tata Docomo, allowing customers to use it through a b...
- Region
- South Asia
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Nokia Launches Its Cheapest Phone Yet for Emerging Markets
Nokia has unveiled the 1280, a mobile phone for emerging markets that is 20 percent cheaper than its predecessor, the 1202. The unsubsidized cost of the 1280 is €20 (US$30), which makes it Nokia’s cheapest mobile phone yet, according to a Nokia blog post . But the prize squeeze won’t end there: The concept of a €5 mobile phone doesn’t seem s...
- Region
- South Asia
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