C. K. Prahalad, Management Guru

Sunday’s New York Times (April 25, 2010, p. A30) reported that management guru C. K. Prahalad died April 16 . He was 68 years old. He spent his career as a professor at the University of Michigan School of Business. I met him only once, at Gary Hamel’s Inventing the Future of Management event in Half Moon Bay, California. A wonderful and giving man. He was a frequent collaborator with Gary Hamel. Prahalad became famous for the concept of “core competence” which he introduced, with Hamel, in a 1990 Harvard Business Review article. More recently, he wrote extensively on poverty, and on innovation and markets in emerging markets–arguing that companies could alleviate poverty and make money at the same time. His last book was titled The New Age of Innovation.

Rest in Peace.