Prahalad’s Legacy:
Prahalad’s Legacy Strategic Intent (1989) The Core Competence of the Corporation (1990) Competing for the Future (1996)
Prahalad’s Message to Entrepreneurs:
Prahalad’s Message to Entrepreneurs
Key Principles:
Key Principles Aspiration > Resources Folding the Future In Focus on Next Practice Focus on Constrained Innovation
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Reengineer Organizational Processes Reduce process costs Focus on improved delivery models to provide services to thousands who would otherwise not be able to afford it
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Build Affordable Financing Models Match cash flow of the lo income consumer
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Leverage Rural networks Tap into existing informal networks and make them work to support the product or service
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Design Local Solutions Tailor indigenous materials and processes to provide similar functionality Use local talent to iterate design solutions
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Prahalad Failed as an Entrepreneur
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Not Good at “ Blocking & Tackling ”
Thank you:
Thank you