Saturday morning, as families in Boston planned for a gorgeous spring day, a ten foot water pipe, that brought water to over 2 million Boston residents, ruptured. Over 200 million gallons of water gushed out at a rate of 8 million gallons per hour. Authorities declared a state of emergency and imposed a blanket order for homeowners and businesses to boil the untreated water now flowing from their taps. Chaos and panic spread through the populace. A run on bottled water at stores resulted in scuffles and rumors of price gouging for clean water were rampant. Continue reading →
Posted in non-profit, Poverty, Rural Health, Sanitation, Schools, Social Ecosystem, Water, water and sanitation, Water resources
Tagged Boston, Poverty, Sanitation, Water Centric, Water resources
I, like many others, was saddened to hear of the untimely passing away of Prof. C. K. Prahalad. His career spanned over three decades during which time he introduced several innovative business ideas that quickly became mainstream. He was one of the first to identify ‘core competencies’ of a business and relate it to a company’s competitive advantage. His next book introduced the concept of ‘co-creation’ where corporations engaged their customers in creating joint value. It influenced many of the approaches used by companies in the 2000s to get their customers to co-design products.
Perhaps his most widely influential work was his last book on “The Fortune at the Bottom of the Pyramid: Eradicating Poverty through profits”. In it he outlined his take on how corporations could profitably service the very large market that consists of the bottommost economic strata. While the affluent tip of the global economic pyramid consists of less than 100 million people who make over $20,000 a year, there are over 2 to 2.5 Billion people who live on less than $2 a day. Yet these markets at the bottom of the economic pyramid also have needs and wants. By properly designing products and delivery mechanisms to satisfy this segment of the consumer population, he showed how companies could make money while helping this social segment.
His Bottom of the Pyramid or BOP approach quickly caught on and today a range of multinationals are focused on creating solutions that are targeting this market segment. Examples of these include Hindustan Lever, Godrej and GE Healthcare. His philosophy that even the poorest segment had a real market need and were a viable market has helped redirect corporate strategies and will have significant impact across the globe.
CK Prahalad has been honored for his work around the world including most recently being awarded the Padma Bhushan, one of the highest civilian honors, by the Indian Government. The world will miss this strategic thinker but his legacy will continue to improve the quality of life for millions subsisting at the bottom of the pyramid.
You can read an earlier piece I wrote about his work on my blog at “Designing for the bottom of the pyramid”.
Posted in BOP, bottom of the pyramid, creative capitalism, India, Poverty, Social Ecosystem, Social Entrepreneur, social Innovation
Tagged BOP, CK Prahalad, India, international development, Poverty, Social Business, Social Ecosystem, Social Entrepreneur, social entrepreneurship, Social Impact, Sustainable ventures
Yesterday I had the opportunity to volunteer with a group at the Greater Boston Food Bank. After spending some time on the production line, and given the past weekend celebrating Martin Luther King, the group was asked to reflect on what Martin Luther King might have done in light of what we had seen and experienced, at the Greater Boston Food Bank as well as the larger set of social issues that we are exposed to in our daily lives. Continue reading →
Posted in Leadership, non-profit, Philanthropy, Politics, Poverty, Service, Social Ecosystem, Social Entrepreneur, social Innovation
Tagged Community service, hunger, martin luther king, mlk, non-profit, Philanthropy, Poverty, Rosabeth Moss Kanter, Service, Social Entrepreneur, Social Impact, social Innovation
Jhonatan Rotberg, was sent to MIT by Telmex, one of Latin America’s largest telcos, and teaches NextLab where he tries to bring cellular technology to the other 90 percent of the world. One of the labs startups, CelEdu, offers cellphone-based games and quizzes to teach basic literacy skills in India. Ranjani Saigal from the TIE Social Entrepreneurs Group helped connect CelEdu students to Tara Aakshar. You can see some of their work in progress at the CelEdu site
A great article in the Boston Globe highlights the many ideas that have spun out of this lab. Some excerpts below – click here for the entire article.
In NextLab, Rotberg challenged students by asking, “Can you make a cellphone change the world?’’ And students have responded, creating nearly two dozen projects and three start-up ventures that have been working with communities in developing countries like India, Vietnam, and Mexico.
Dinube, a NextLab spinoff that was tested in Mexico last summer, provides payment services to people who don’t have access to traditional banks. “One of the powerful things about cellphones in Mexico is that there is a 75 percent penetration rate,’’ said Jonathan Hayes, a cofounder of Dinube. “But only 25 percent of the population has a bank account. So a cellphone-based system can fill a huge, important gap.’’
Posted in BOP, bottom of the pyramid, Information Technology, international development, mobile technology, Poverty, Rural Development, Social Business, Social Ecosystem, Social Entrepreneur, social Innovation
Tagged BOP, Education, Information Technology, Jhonatan Rotberg, MIT, mobile technology, NextLab, Poverty, Social Business, Social Ecosystem, Social Entrepreneur, Social Impact, social Innovation, Telmex
In the past decade, much progress has been made in India and people have been justifiably proud of the improving economic situation. While most observers point to the top line numbers that show the number of people living below the “poverty line” has been consistently decreasing, by focusing on just these aseptic numbers, they fail to understand and capture the continuing anguish in the rural countryside. Continue reading →
Posted in BOP, bottom of the pyramid, India, Poverty, Rural Consumer, Rural Development, Rural Education, Sanitation, Schools, water and sanitation
Tagged Agricultural Development, BOP, George Foundation, India, Poverty, Rural Development, Rural Education, Shanti Bhavan, Social Impact, World Bank