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Etymology aside, I have always been convinced that the word indigenous arose from India. To make something out of limited resources is India’s genius and, therefore, indigenous. After centuries of foreign attacks, changing cultures and ever-evolving political stands, India has somehow managed to create an insular economy where we create what we need from what we have. In India, we call this jugaad and you can see a jugaad car on the highways of North India made from spare parts. Inn...
India’s Indigenous Genius: JugaadNews
Renowned management thinker CK Prahalad has been watching Devi Shetty for the last six years now. Back then Narayana Hrudyalaya was still a relatively small facility. But even then Prahalad believed that the model held immense promise. “My job has always been to look at models that are different, models that are scalable. And it was clear to me, even at that time, while talking to him that this model is going to grow and he is going to be able to execute it because he is not only a ...
CK Prahalad: A unique combination of strategic vision and financial acumenBlog Post
There are dozens of motives for people to work in the business of development and I’ve been pondering the psychology of "giving" and what drives people to want to work in international aid, donate to charities, work for non-profits, and generally work in an environment where there is a heightened desire to help others. So what drives you?
Why We Help: A Meditation on “Giving”News
C.K. Prahalad, author of The Fortune at the Bottom of the Pyramid; Eradicating Poverty through Profit (Wharton School Publishing, 2004), has long championed the notion that business -- rather than government handouts -- represents the most effective solution to poverty. In a keynote speech at the recent TiE Entrepreneurship Summit in New Delhi, he noted that India must pay more attention to entrepreneurship, which he described as "the essence of development." "We need to connect the poo...
The Poor Deserve World-Class Products and ServicesBlog Post
Changemakers is one of the web’s most dynamic and interesting destinations for those of us interested in ideas and their power to advance tangible change in the lives of the "next billion". Its recent re-design and the upcoming finals for one of their competitions (one very much in the vein of development through enterprise) are compelling...
Have you Been to Changemakers Lately? It’s About TimeBlog Post
In this vein, I am really excited to learn about a truly innovative "non-conference". Maker Faire Africa, which will be held in Ghana this August, is no-talk, all-action. The 3-day event will bring together roboticists, hobbyists, blacksmiths - MAKERS - to jam collectively on home-grown solutions to local problems.
Stop Talking, Start Making: Maker Faire AfricaBlog Post
Most of you are probably familiar with the story of Dr. Mo Ibrahim, the British-Sudanese entrepreneur who built Celtel (now Zain) into one of the most successful telcos on the African continent (and beyond). Then you can imagine my surprise when the following email landed in my inbox:
Inside the Entrepreneur’s Studio: A Conversation with Mo IbrahimBlog Post
I arrived back to the cozy office of Global Easy Water Products (GEWP) with Pratyush Pandey, the company?s Managing Director, after a long day of visiting farmers on the outskirts of Aurangabad, Maharashtra. These farmers were customers of GEWP?s ?KB Drip? irrigation products. After countless visits with GEWP...
The Working Capital Loan Gap in India
