Category Archives: sustainable development

Reply to comment about Rural Indian Consumer

In response to my recent post on Rural Consumers, Joost Bonsen of MIT commented.

Thanks much for your survey of the rural consumer landscape in India. I’m curious how what you’re observing either reinforces or differs from the Hart-Prahalad BOP thesis and the cases they give, such as Hindustan Lever, etc. Plus how much of the consumer goods sector is dominated by MNCs or affiliates versus homegrowns? And finally, what’s the rural analog to Walmart or the old Sears Roebuck catalog or other innovations in the distribution systems?

I got to thinking about what he had asked and decided to write up a separate post instead of replying as a comment. So here goes. Continue reading

The Blue Sweater a book by Acumen Fund founder Jacqueline Novogratz

I had gotten a copy of Acumen Fund founder, Jacqueline Novogratz’s, book “The Blue Sweater” a couple of months ago and had kept promising myself that I would read it. Finally as I was leaving on a short trip to India, I threw it in my bag hoping to get to it during my visit. As the long 15 plus hour trip from Newark to Bombay stretched before me, I settled myself in as best as I could and opened the book expecting to read a few pages and then sleep as much as possible for the rest of the flight.

Once I started reading I was hooked. Before I knew it I had plowed through the entire volume. This is an extraordinary and powerful book. My personal interest in social entrepreneurship, particularly in solving issues in the developing world, had led me to peruse many books in the field – from the seminal one by David Bornstein to Jeff Sachs and Prof. Yunus. Each provided a perspective on development with solutions and suggestions. Yet somehow this book was different. Continue reading

The Increasing Focus on the Rural Indian Consumer

I have been in India for the past week and one of the trends I have noticed is the increased focus on the rural market. Perhaps it is the ongoing elections or maybe the global recession, but companies across the board seem to have a renewed emphasis on targeting the rural consumer.

Culling thru the headlines there are a few key facts that seem to stand out: Continue reading

Two social visionaries from India

We were pleased to have Vibha Krishnamurthy and Ashish Karamchandani visit us in Boston on Sunday.

Vibha Krishnamurthy is the founder of Ummeed, (http://www.ummeed.org ) a first-of-its kind center addressing the needs of the estimated 35 million children in India with developmental disabilities. After completing her fellowship at Boston Children’s Hospital, Vibha moved back to Bombay determined to bring world class care to disabled children in India. She founded Ummeed in 2001 and it now supports over 1000 patient visits a week. Ummeed provides early diagnosis of development disabilities followed by in-house professional, medical and therapeutic care. It allows families to continue proper care and therapy at home by providing training and education programs for parents. For her tireless efforts to bring care to the disadvantaged, Vibha was named an Ashoka Fellow in 2007. http://www.ashoka.org/fellow/4900

Vibha’s husband, Ashish Karamchandani is a visionary in his own right. Ashish returned to India to head Monitor’s Indian consulting office where he spearheaded an effort within Monitor to address the challenges of global poverty with market based solutions. He was successful in starting a new area of research within Monitor, Monitor Inclusive Markets, (http://www.mim.monitor.com) that he now leads. The group has brought scientific and business approaches to providing market-based solutions and has initiated financially-sustainable enterprises to address the needs of the bottom 60% of the income pyramid in India. Their work has identified housing as one of the key areas where market based solutions can alter the social and economic landscape of the country. Ashish has recently published a comprehensive report “Emerging Markets, Emerging Models,” based on their solid fact-based research. Continue reading

Interview on Social Entrepreneurship

I was recently interviewed by New England’s largest e-magazine for South Asians, lokvani.com about my views on social entrepreneurship. You can find the full interview at their site here.

“The passage of the Edward Kennedy Serve America Act this week marks the coming of age of Social Entrepreneurship (SE)” says Raj Melville, who is one of the co-founders of the TIE-SE SIG. He talked to Lokvani about this concept which combines for-profit and non-profit work by entrepreneurs to address a social issue in a sustainable and scalable manner. It has now become the new buzz word. (from Lokvani.com)