Thursday, November 08, 2007
World's No. 1 guru is an Indian
MUMBAI: India gave the world the word “guru”. And now, an Indian has been declared the world’s foremost management guru. C K Prahalad, professor at the University of Michigan’s Stephen M Ross School of Business, has been crowned the greatest management thinker alive by Thinkers 50, an annual ranking of the top 50 management thought leaders in the world.
In this year’s Thinkers 50 — released in London on Wednesday — Prahalad (No. 3 last year) has trumped the likes of former US Federal Reserve chairman Alan Greenspan, strategy guru Michael Porter and Microsoft founder Bill Gates to emerge as No. 1.
There are three other Indians in the top 50: CEO coach Ram Charan at No. 22 (up from No. 24 last year), innovation guru Vijay Govindarajan of the Tuck Business School at No. 23 (No. 31 last year); and Harvard’s Rakesh Khurana at No. 45 (No. 33 last year).
"Not many management thinkers actually follow up important early ideas with genuinely groundbreaking future ideas. This is what C K Prahalad has managed to do. His work with Gary Hamel set the strategic agenda of the 1990s. Now, with "The Fortune at the Bottom of the Pyramid", he has established the social, entrepreneurial and economic agenda of our times," said Stuart Crainer and Des Dearlove of Suntop Media, the organisation which brings out the Thinkers 50 ranking.