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“Inside

INSEAD ”. “Inside. August 27, 2008. Dinner Talk by YB Dato’ Seri Idris Jusoh. INSEAD in brief. Founded in 1957. 21 books, 82 journal articles and 78 case studies published in 2006/07. 36,200 alumni present in 160 countries. 138 faculty members , 549 administrative staff.

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“Inside

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  1. INSEAD” “Inside August 27, 2008 Dinner Talk by YB Dato’ Seri Idris Jusoh

  2. INSEAD in brief Founded in 1957 • 21 books,82 journal articles • and 78 case studies • published in 2006/07 • 36,200 • alumni present in 160 • countries 138 faculty members, 549 administrative staff 887MBA participants representing 76 nationalities

  3. The INSEAD Mission • Our Mission As an educational institution, our mission is to promote a non-dogmatic learning environment that brings together people, cultures and ideas from around the world, changing lives, and helping transform organisations through management education.

  4. The INSEAD Values Diversity as a source of learning and enrichment We are free from any dominant culture or prevalent dogma; we are open to, and respectful of, other views; we learn through the exchange of ideas and experiences.Independence as a governance principleRigour and relevance in teaching and researchCloseness to the international business community

  5. ADVANCED MANAGEMENT PROGRAM 7th July – 1st Aug, 2008

  6. 96participants

  7. 34 countries

  8. Mainly businessman/< govt officers ( S’pore, HK, UK, US)

  9. Onepolitician…

  10. Learning/Teaching Method

  11. The emerging economy Raplexity Growth factors (4i) Convergence theory Innovation Investment (true value) Human Capital Leadership CONTENT of Coursework

  12. Fair process (5e) 3rd Culture Blue Ocean Strategy Metanational Serendipity Self CONTENT of Coursework

  13. SPEED The rate of change over the last 100 years

  14. Emerging Economies (China, India, Brazil….. • > 50% world GDP (measured with PPP) • Share of world export increases, 20% (1970) to 43% • World energy consumption > 50%

  15. CHINA The Olympic Stadium

  16. In 70 years : • WORLD POWER • Produces engineers • China - 600,000 per year • US - 140,000 per year • High International Reserves • China - USD 1200 billion • Malaysia - USD 123 billion

  17. “Convergence” Theory

  18. All countries seems to converge to a very similar level of GDP per capita. “Convergence” Theory

  19. RAPLEXITY Rapidity andcomplexity

  20. RAPLEXITY Demands new paradigm

  21. (rapidity & complexity) RAPLEXITY • World view: mechanistic …>holographic • Concept of man: economic –social – humanistic– holistic– transpersonal • Values: competitive – cooperative • Thinking: analytical – creative --intuitive

  22. RAPLEXITY • Organizational culture: Power — role — achievement — support purse/person – vision. • Management style: Control & aggression ----caring & connection • Role of manager: Fear of losing – joy of doing.

  23. GROWTH FACTORS (4 i) • Innovation • Initial condition • Investment • Institution

  24. The main force behind growth in developed countries INNOVATION (4i)

  25. INNOVATION (4i) Questioning mind Take diverse views (age, gender, profession, opposition) Observe a lot more Experiment (long term) Leadership driven

  26. INITIAL CONDITIONS (4i) • Poor countries have the potential to catch up • Grow at rates faster than the rich countries until they converge to the same income per capita.

  27. INVESTMENT ( 4i) • Should be > 25% of GDP • Korea: 35%, US:18%, M’sia:18% • Human Capital • Technology • Efficiency

  28. IMPORTANCE OF EDUCATION Bill Gates : Going back to school

  29. No. 1 Economic priority must be EDUCATION & TRAINING

  30. IMPORTANCE OF TECHNOLOGY

  31. INSTITUTIONS (4i) • Legal system (fair) • Central bank (independent) • Check & balance • Transparency • Institutions should facilitate (not frustrate) business creations • (these lead to business confidence)

  32. INSTITUTIONS(How to measure?)

  33. GROWTH FACTORS (4 i) Innovation Initial condition Investment Institution

  34. 3 EMOTIONS

  35. FEAR….gosh !!!(Americans and Europeans) • Insecurity (safety) • Losing identity • Left behind in the dynamic world • Eg: GM, Chrysler • Mexicans crossing the border

  36. HUMILIATION Arabs • I can’t do it, no future (today < yesterday • temptation to destroy the world • Americanization of the world • Stolen dignity and western imperialism

  37. HOPE Asians • We can do it • Tomorrow is better • Positive outlook

  38. 3 EMOTIONS FEAR - West HUMILIATION - Arabs HOPE - Asians

  39. TRUE VALUE • GRAPH

  40. Investment • Value Creation is the goal • (not the market price) • Blue line • Long term value vs KPI

  41. Leadership

  42. CARLOS GHOSN • French Lebanese • CEO of Renault & Nissan Motor. • Voted Man of the Year 2003 by Fortune magazine's. • Board of Alcoa, SONY, and IBM. • Revolutionise Nissan & Japanese Management

  43. Leadership @Charlos Ghosn Simple Open Hard work Accountable Speed Passion Focus Clear and Decisive

  44. Fair Process (5e)- a decision making process

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