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The Fortune at the Bottom of the Pyramid: Eradicating Poverty Through Profits, Revised and Updated 5th Anniversary Edition Hardcover – September 3, 2009
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From the Back Cover
“C.K. Prahalad argues that companies must revolutionize how they do business in developing countries if both sides of that economic equation are to prosper. Drawing on a wealth of case studies, his compelling new book offers an intriguing blueprint for how to fight poverty with profitability.
--Bill Gates, Chairman and Chief Software Architect, Microsoft (2004)
An idea can change the world...
- How to serve the world's poorest people and make a profitNew strategies and tactics for building
winning businesses in today's emerging marketsNew bottom of the pyramid trends in technology, healthcare, consumer goods, finance, and beyondInsights from top CEOs succeeding in emerging marketsNew and updated case studies--from Jaipur Rugs' revolutionary supply chain to Reuters' data services for farmers
Five years ago, C.K. Prahalad'sThe Fortune at the Bottom of the Pyramidshowed companies how they could reignite profits and growth by serving the world's five billion poorest people. Hundreds of firms have successfully taken that path--building large, profitable businesses that are reducing poverty and eliminating human misery at the same time.
Now, Prahalad has updated his extraordinary book to reflect the lessons of the past five years: business-building strategies, techniques, and innovations proven to work in emerging markets. The fortune at the bottom of the pyramid: doing well by doing good or doing good by doing well!
Inspired by C.K. Prahalad's breakthrough insights in the original edition ofThe Fortune at the Bottom of the Pyramid, a wide variety of firms are identifying, building, and profiting from new markets among the world's poorest people--while at the same time helping eliminate poverty and human misery. Five years after this book's first publication, Prahalad's ideas are no longer isolated instances of innovations. They are proven, widely practiced “reality.
In this 5th Anniversary Edition, Prahalad updates his book to give readers a picture of how this idea is being implemented in poor regions around the world.
Prahalad also offers an up-to-the-minute assessment of key questions such as: Is there truly a market? Is there scale? Is there profit? Is there innovation? Is this a global opportunity? Five years ago, executives could be hopeful that the answers to these questions would be positive. Now, as Prahalad demonstrates, they can be certain of it.
- Solving the unique problems faced by bottom of pyramid customers
How to make a profit by helping people escape poverty and miseryBreakthrough forms of innovation for emerging markets
From rugs to cellphones, finance to energy, supply chains to state-of-the-art technologyBuilding new ecosystems for wealth creation
You can't do it alone--but you can do it togetherScaling up to impact the enterprise--and society
Beyond “micro-businesses and prototypes: large presence, large wins
The CD included with the book includes video case studies and three bonus PDF case studies. Bonus videos and case studies, in addition to those on the CD, can be found on the book's website, www.whartonsp.com/prahalad.
About the Author
C.K. Prahalad is Paul and Ruth McCracken Distinguished University Professor of Strategy at the Ross School of Business, The University of Michigan. He is a globally recognized management thinker. Times of London and Suntop Media elected him as the most influential management thinker alive today in 2007. He is coauthor of bestsellers in management such as Competing for the Future, The Future of Competition, and The New Age of Innovation. He has won the McKinsey Prize for the best article four times. He has received several honorary doctorates, including one from the University of London and the Stevens School of Technology. He has worked with CEOs and senior management at many of the world’s top companies. He is also a member of the Board of NCR Corporation, Pearson PLC., Hindustan Unilever Ltd., The World Resources Institute, and The Indus Entrepreneurs (TiE).
Top customer reviews
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Solve third world poverty by making everyone consumers? Buy more plastic goods?
Some of the cases are good stories and I am not against the idea...but something is missing here. What about the mass environmental impact?
What about eradicating poverty but increasing impoverishment? Make everyone a consumer, eradicate their customs and culture, Americanize every Third World country by turning its native peoples into consumers. Sounds like a profitable enterprise for the MNCs--but not sure how much "Fortune" will be redistributed to the native peoples. I doubt much.
Most recent customer reviews
"What is needed is a better approach to help the poor, an approach that involves partnering with them to...Read more