Coimbatore Krishnarao Prahalad

Coimbatore Krishnarao Prahalad

Indian economist
Date of Birth: 08.08.1941
Country: Great Britain

Biography of Coimbatore Krishnarao Prahalad

Coimbatore Krishnarao Prahalad, an Indian economist, was born in Coimbatore, Tamil Nadu. He was the ninth of eleven children born into a family of an Indian scholar and judge. At the age of 19, Prahalad started working at Union Carbide, a company where he stayed for four years. This experience was one of the most significant in his life.

Coimbatore Krishnarao Prahalad

After earning a bachelor's degree in physics, Prahalad pursued his studies at the Indian Institute of Management Ahmedabad, specializing in management theory. He then went on to complete his doctorate at Harvard Business School, focusing on management issues. He received his degree in 1975.

Coimbatore Krishnarao Prahalad

Following his education at Harvard, Prahalad returned to the Indian Institute of Management Ahmedabad, but soon his career took him to the United States. He was offered a high position at the Stephen M. Ross School of Business at the University of Michigan. Prahalad became a distinguished university professor at the University of Michigan in 2005.

Prahalad gained recognition as a management guru in the early 1990s. One of his early clients was Philips, and it was rumored that Prahalad's advice helped Jan Timmer save the company from bankruptcy. He is known for his work on corporate strategy, including the co-authored article "The Core Competence of the Corporation" with Gary Hamel, which remains one of the most republished articles on the subject.

In April 2008, Prahalad published his last book, "The New Age of Innovation," co-authored with M. S. Krishnan. Prahalad was also a co-founder and CEO of Praja Inc. The company's interests ranged from providing ordinary people access to necessary information to testing new management approaches. He also served on the board of directors of The Indus Entrepreneurs.

Prahalad was recognized with numerous awards throughout his career, including the Pravasi Bharatiya Sammaan and the Padma Bhushan, both awarded by the Indian government. He also received the Herbert Simon Award from the Rajk László College for Advanced Studies and was named the most influential business thinker by The Times.

Coimbatore Krishnarao Prahalad passed away on April 16, 2010, at the age of 69 due to a lung illness. Despite his relatively young age at the time of his death, his legacy is revered by scholars of all ages.