4/17/2010 — University of Michigan Home Page. What sad news! (hfk)
Ross professor and world-renowned corporate strategist died April 16.
ANN ARBOR, Mich.—C.K. Prahalad, the Paul and Ruth McCracken Distinguished University Professor of Strategy at the University of Michigan’s Stephen M. Ross School of Business, passed away in San Diego on April 16 at the age of 68.
Prahalad was one of the most beloved teachers and influential thinkers at the University of Michigan. He also served as distinguished fellow at the University’s William Davidson Institute, where he played an important advisory role for the institute’s Base of the Pyramid research initiative. He was twice ranked as the world’s most influential business thinker, most recently in October 2009, by the “Thinkers 50” list of the top 50 management thought leaders in the world published by the leadership consulting firm CrainerDearlove. Read the rest of this entry »
Source: THOMAS L. FRIEDMAN, NYT
You’ve heard that saying: As General Motors goes, so goes America. Thank goodness that is no longer true. I mean, I wish the new G.M. well, but our economic future is no longer tied to its fate.
No, my new motto is: As EndoStim goes, so goes America.
EndoStim is a little start-up I was introduced to on a recent visit to St. Louis. The company is developing a proprietary implantable medical device to treat acid reflux. I have no idea if the product will succeed in the marketplace. It’s still in testing. What really interests me about EndoStim is how the company was formed and is being run today. It is the epitome of the new kind of start-ups we need to propel our economy: a mix of new immigrants, using old money to innovate in a flat world.
By Chris Anderson, Wired, January 25, 2010 |
Photo: Dan WintersThe door of a dry-cleaner-size storefront in an industrial park in Wareham, Massachusetts, an hour south of Boston, might not look like a portal to the future of American manufacturing, but it is. This is the headquarters of Local Motors, the first open source car company to reach production. Step inside and the office reveals itself as a mind-blowing example of the power of micro-factories.
In June, Local Motors will officially release the Rally Fighter, a $50,000 off-road (but street-legal) racer. The design was crowdsourced, as was the selection of mostly off-the-shelf components, and the final assembly will be done by the customers themselves in local assembly centers as part of a “build experience.” Several more designs are in the pipeline, and the company says it can take a new vehicle from sketch to market in 18 months, about the time it takes Detroit to change the specs on some door trim. Each design is released under a share-friendly Creative Commons license, and customers are encouraged to enhance the designs and produce their own components that they can sell to their peers.