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Internet and Mobile Phones Spur Economic Development
The digital divide is beginning to close. The flow of digital information ? through mobile phones, text messaging, and the Internet ? is now reaching the world?s masses, even in the poorest countries, bringing with it a revolution in economics, politics, and society. Extreme poverty is almost synonymous with extreme isolation, especially rural isolation. But mobile phones and wireless Internet end isolation, and will therefore prove to be the most transformative technology of economic...
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Intel Chairman Urges Big Tech to Tackle Social Problems
Intel once again has both dominance and momentum in the chip world, so when it opened its biggest conference of the year on Tuesday the company didn?t need to resort to chest thumping. Instead, it aimed to inspire. Chairman Craig Barrett delivered the keynote address at the Intel (INTC) Developer Forum in San Francisco, an event that the company uses to rally the technology community behind its products and vision. But rather than take an us-versus-them view of the world, Barrett used...
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Industry Majors Say They Benefitted From Tapping Rural Markets
New Delhi, Aug 19 (IANS) Four of India?s largest companies Tuesday showcased here how they have benefited by tapping India?s huge rural market. The four - ICICI Bank, Hindustan Unilever Ltd, Hero Honda Motors and Infosys Technologies - are among the largest in their own areas of business. ?It?s a myth that profit margins get squeezed if you market to the bottom of the pyramid,? said K.V. Kamath, managing director and chief executive officer of ICICI Bank, India?s largest pr...
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BOP Shock for India Inc.
New Delhi: Indian companies seeking their pot of gold from the lower-end or bottom of the pyramid (BOP) consumers are in for a bit of shock: The market may be much smaller in reality. While earlier, this market was supposed to be formed of 400 million people, now market research firms Technopak Advisors and Evalueserve are saying that it is not more than 160 million. Arvind Singhal, chairman of Technopak Advisors says that around 35 million households or around 160 million people that...
- Source
- Livemint.com
- Region
- South Asia
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Bring Break-Even to the Bottom of the Pyramid
How much does the global slowdown impact India? What should be the corporate structures and strategies to weather the current storm? Can India overcome the growth blip? Which sector is in need of urgent reform? We put these questions to management guru Prof CK Prahalad, who was in the city for a CII session on ?India@75: The emerging agenda?. ?There are dramatic changes in demand and cost structures and in some cases excess capacity?all of these require a rethink in the break-even vol...
- Region
- South Asia
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Prahalad’s Plan
As the celebrations of India @60 wind down and as the national attention is consumed with problems of the moment?price of energy, inflation, debt relief to farmers, political realignment in the states?it is hard to focus attention on the future of India. The urgent is likely to drive out the important. Moreover, it is easy to get carried away by growth statistics of the past five years and feel ?we have arrived?. Leadership, however, is about the future, about hope and change. Leaders...
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Making Social Entrepreneurship Matter
Daniel Lubetzky’s not-only-for-profit business has created profitable joint ventures with Palestinians and Israelis. His model deserves attention. By Stacy Perman I recently came across an article in The Jerusalem Post about social entrepreneur Daniel Lubetzky. The Mexican-bo...
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The World of Globality is Not Flat
In his best-selling book The World is Flat, Thomas Friedman had shown how globalisation had flattened the differences between developed and developing countries in terms of access to opportunity and growth. In Globality*, authors Harold L Sirkin, James W Hemerling and Arindam K Bhattacharya from Boston Consulting Group, show how, over the past two decades, a range of corporations from the developing world have begun to disrupt traditional paradigm of development and tilted the balance...
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