Almost 20 years ago in a strategy+business article, my father, C.K. Prahalad, and his colleague Stuart L. Hart debuted a simple but radical idea. They argued that the 4 billion poor people around the world represented a vibrant consumer market, that this market could best be tapped with for-profit models, and that the poor themselves had to be partners in the process. This challenged many long-held assumptions about the role of both government and business in addressing poverty. At the time, their thinking (which had been rejected for four years by scholarly journals) invited polite skepticism at best. Much of the hesitation to engage with their ideas stemmed from a belief that uplifting the poor was the domain of government and nonprofits, or was simply too risky. Most businesses lacked the insight and cost structures to reach poor consumers. There was a persistent belief that needs such as shelter and nutrition had to be addressed before the poor could understand — and pay for … [Read more...] about The New Fortune at the Bottom of the Pyramid
Fastest accelerating cars in the world
Henry Payne The Detroit News Published 1:20 p.m. UTC Aug 9, 2018 New York — Like the Detroit Grand Prix on Belle Isle, the New York City E-Prix's circuit is laid out on the public streets of Brooklyn, with Manhattan skyscrapers forming a majestic backdrop across the river. The world's top drivers come here to race state-the-of-art, open-wheel cars at the limit just inches from makeshift barriers and adoring fans. The difference is the cars barely make a sound. Formula E is the world's premier battery-powered auto racing series with 11 stops around the globe, including the streets of Hong Kong, Paris, Rome and New York. As some governments consider outlawing the internal combustion engine, manufacturers from Audi to Jaguar to Nissan are rushing to the new race series to accelerate battery development and excite potential buyers about electric vehicles. Like other race series that have tried to capitalize on government … [Read more...] about Electric-car makers amped on Formula E racing
Jun 20, 6:04 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By John Rosevear 06/20/18 AT 6:00 AM We keep hearing that the big global automakers are gearing up to challenge Tesla (NASDAQ:TSLA) with premium electric vehicles of their own. We've already seen one, the impressive Jaguar I-Pace crossover.This article originally appeared in the Motley Fool.But what are the others? And when will they arrive?Below you'll find the roadmap, a handy-dandy guide to when we can expect the long-talked-about Tesla challengers, upscale battery-electric vehicles from established automakers, to actually arrive at dealers.2018: Jaguar and (maybe) an Audi SUVFirst up is the I-Pace, the crossover SUV from Tata Motors' (NYSE:TTM) Jaguar luxury brand. The I-Pace has already begun shipping in Europe, but it won't arrive in the United States until the second half of 2018.If you follow electric vehicle news, you … [Read more...] about These Cars Will Challenge Tesla In The Next 2 Years
Ward’s Automotive just released its annual list of the world’s 10 best engines — and it’s the most diverse selection of powerplants in the 21-year history of the award. Six of the ten engines on the list use turbocharging technology to boost horsepower, while another uses supercharging to create ridiculous amounts of power. There’s only one naturally aspirated internal combustion engine, one fuel cell, and one electric motor on this year’s list. Of the 10 best engines,four are holdovers from last year’s list, while six others make their debut. According to Ward’s, only new or significantly re-engineered engines or propulsion systems that are available for sale in the U.S. and are installed in cars having a base price of less than $US60,000 are eligible for the top 10 list. A total of 37 entries — 10 returning winners from last year and 27 new contenders — were evaluated by Ward’s team of eight editors. All of … [Read more...] about The 10 Best Engines In The World
Local News Sports Business Shopping 62° Full Menu 62° Home eEdition Customer Service Customer Service About Us Buy Photos and Pages Contact Us Plus Mobile & Apps Newsletters Newspaper in Education Subscribe Subscriber Services News News Crime Databases Education Government & Politics Local News Nation & World Military Obituaries Obits Archive Traffic Watchdog Weather Blogs & Columns Matt Driscoll Sports Sports College High School Mariners Preps Stats Seahawks Sounders Tacoma Rainiers UW Huskies Blogs & Columns Dave Boling Huskies Insider Blog John McGrath Mariners Insider Blog Seahawks Insider Blog Sounders Insider Blog Politics Politics Business Business Consumers People in Business New Businesses Port of Tacoma Real Estate Opinion Opinion Cartoons Editorials Letters to the Editor Op-Ed Opinion Columns Submit a Letter Living Living Fitness … [Read more...] about New rent data is in. Can you afford the latest apartment prices in the Tacoma area?