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GRK Murty
Coimbatore Krishnarao Prahalad (1941-2010), who was rated
twice in a row as the most influential management thought
leader by Thinkers 50 listing of the world‟s top business
management gurus, passed away on April 16, 2010 in San Diego,
California. All through his life, he tried to make corporates more
competitive and through them make the world a better place to
live in.
In his sudden demise, the world of strategy has lost one of the
most “perceptive, innovative, and influential strategic thinkers”
of all-time. As against the usual practice, of the academicians,
of spinning extension and analog theories around their already
proposed fundamental premise, CKP never published two
articles on the same topic. He simply opened up so many new
lines of enquiry—of seminal nature—throwing open new avenues
of research activity for the rest to pursue.
Prahalad, a known maverick, had first come out with his big
management idea, „core competence‟—a competency resulting
from an organization‟s ability to combine different technologies,
learning and relationships that enables it to transcend products
and markets, which not only drives a firm‟s strategy and
business but also, and most importantly, remains difficult to
replicate by the competitors— in a 1990 article published in the
HBR, jointly with Gary Hamel, his student. It simply asked firms
to pause and question themselves as to what their core business
proposition is.