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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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For Acumen Fund, ROI = Profits + Social Impact
The New York based Acumen Fund is a non-profit venture fund that invests in businesses that have a social and economic impact. It will invest in companies providing affordable, critical goods and services in sectors such as health, water, housing and energy. The geographies it focuses on are South Asia and East Africa, besides the US. Since it set up shop in India a couple of years ago, the fund has made equity investments in Kochi based ayurvedic chain, Ayur Vaid Hopsitals, Hyderabad-based Life...
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- VC Circle
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Understanding business models at the Base-of-Pyramid is critical for future growth: Harvard Business
Western markets are saturating and so are the urban markets of BRIC countries. This is forcing companies around the world to understand the lower income consumers living in urban slums and villages. Future of businesses lies in understanding and executing businesses models at the base-of-pyramid. That’s the message from noted marketing thinker Prof V. Kasturi Rangan, the Malcolm P. McNair Professor of Marketing at the Harvard Business School (HBS) who was the chairman of the Mar...
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The Creative Capitalism Roundtable
TIME Managing Editor Rick Stengel recently convened an elite panel of business leaders and thinkers to talk about how corporations can do well by doing good. The panelists were Microsoft co-founder Bill Gates; Whole Foods founder and CEO John Mackey; Ogilvy & Mather chairman Shelly Lazarus; University of Michigan professor C.K. Prahalad, author of The Fortune at the Bottom of the Pyramid; and Geeta Rao Gupta , president of the International Center for Research on Women. Here is a transcript ...
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Mobile Banking for the Poor
At a press conference this morning in Mumbai, mobile-banking company Obopay announced an alliance with Grameen Solutions -- an alliance with an extraordinarily ambitious goal. In ten years’ time, the companies said, they would like to see 1 billion of the world’s poor -- people living on less than $2 a day -- receiving banking services via their mobile phones. It probably won’t happen, but it would be amazing if it did. Mobile banking is not new, of course, although it is ...
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One Laptop per Child Lands in India
The Indian government wasn’t interested, so OLPC partners with Reliance ADA Group to bring computers to India’s primary school kids. By Nandini Lakshman Nicholas Negroponte has found it tough going in India. For years as the head of MIT’s Media Lab, the famed computer scientist promoted radical ways to use technology to transform society. His best-known idea is the
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