The CK Prahalad Distinguished Scholar-Practitioner Award, introduced in 2011, was created to honor the legacy of CK Prahalad. The award recognizes excellence in the application of theory and research in practice. These include but are not limited to contributions to knowledge through the extraction of learning from practice; authored scholarly works that have substantively affected the practice of management; and/or the integration of research and practice.
A scholar-practitioner who has used applied learning to influence how theory and research guide practice is honored by this award. Special attention will be given to a scholar-practitioner whose contributions have shaped the understanding of global strategic leadership.
The recipient of this award is selected by a committee presided over by the SMS past president.
Richard Rumelt was awarded the CK Prahalad Distinguished Scholar-Practitioner Award at the SMS Annual Conference in Berlin, on Tuesday, September 20, 2016. The impact of his work throughout his career has been substantial in the development and direction of the field. He also served as an officer for the SMS during a difficult transition period for the society and which greatly influenced how influential the SMS has become in the field. Although he was not able to attend the conference award reception, please click below to watch the video of his acceptance.
Richard Rumelt, is the Harry and Elsa Kunin Chair in Business and Society at the UCLA Anderson School of Management, and is a towering figure in the strategy field. Often seen as one of the founders of the resource-based perspective, Richard Rumelt’s research on corporate diversification strategy, the sources of sustainable advantages, and the conceptual and theoretical foundations of strategy has been highly influential. He was one of the first scholars to systematically explore microfoundational issues in strategy. Richard Rumelt was President of the Strategic Management Society in 1995-98. He received the Irwin Prize for his book Strategy, Structure, and Economic Performance. His current research interests center on the dynamics of industry transitions.
CK Prahalad reached across boundaries and expanded possibilities with his uncompromising emphasis on impactful research. Although his academic career was stellar, his work had an even greater impact on corporate leaders. Through a series of breakthrough ideas, his research changed the business world and helped improve people's lives.