“inside
DESCRIPTION
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. - PowerPoint PPT PresentationTRANSCRIPT
“Inside “Inside
August 27, 2008
INSEAD”INSEAD”
Dinner Talk by
YB Dato’ Seri Idris Jusoh
Dinner Talk by
YB Dato’ Seri Idris Jusoh
138faculty members,
549administrative staff
Founded in 1957 36,200
alumni present in
160countries
21 books, 82 journal articles
and 78 case studiespublished in 2006/07
887 MBA participantsrepresenting 76 nationalities
INSEAD in brief
• 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.
The INSEAD Mission
Diversity as a source of learning and enrichmentWe 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 principle
Rigour and relevance in teaching and research
Closeness to the international business community
The INSEAD Values
ADVANCED MANAGEMENT PROGRAM
7th July – 1st Aug, 2008
96 participants
34 countries
Mainly businessman/< govt officers
( S’pore, HK, UK, US)
Mainly businessman/< govt officers
( S’pore, HK, UK, US)
One politician…
Learning/Teaching Method
• The emerging economy • Raplexity• Growth factors (4i)• Convergence theory• Innovation• Investment (true value)• Human Capital• Leadership
CONTENT of Coursework
• Fair process (5e)
• 3rd Culture
• Blue Ocean Strategy
• Metanational
• Serendipity
• Self
CONTENT of Coursework
SPEEDThe rate of
change over
the last 100
years
Emerging Economies
(China, India, Brazil…..
• > 50% world GDP (measured with PPP)
• Share of world export increases,
20% (1970) to 43%
• World energy consumption > 50%
In 70 years : WORLD POWER• Produces engineers
China - 600,000 per yearUS - 140,000 per year
• High International ReservesChina - USD 1200 billionMalaysia - USD 123 billion
“Convergence” Theory
• All countries seems to converge to a very similar level of GDP per capita.
“Convergence” Theory
Rapidity and complexityRapidity and complexity
Strategy Planned Entrepreneurial
Structure Hierarchy Network
System Rigid Flexible
StaffTitle and rank Being helpful
StyleProblem solving Transformational
Skills “To compete” “To build”
Shared valuesBetter sameness Meaningful difference
Focus Institution Individual
Source of strength
Stability Change
Leadership Dogmatic Inspirational
(rapidity & complexity)
• World view: mechanistic …>holographic
• Concept of man: economic –social – humanistic– holistic– transpersonal
• Values: competitive – cooperative
• Thinking: analytical – creative --intuitive
• Organizational culture:
Power — role — achievement —
support purse/person – vision.
• Management style:
Control & aggression ----caring & connection
• Role of manager:
Fear of losing – joy of doing.
GROWTH FACTORS (4 i)
• Innovation
• Initial condition
• Investment
• Institution
The main force behind growth in developed countries
The main force behind growth in developed countries
INNOVATION (4i)INNOVATION (4i)
INNOVATION (4i)Questioning mind
Take diverse views
(age, gender, profession, opposition)
Observe a lot more
Experiment (long term)
Leadership driven
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.
INVESTMENT ( 4i)
• Should be > 25% of GDP
• Korea: 35%, US:18%, M’sia:18%
• Human Capital
• Technology
• Efficiency
Bill Gates : Going back to school
IMPORTANCE OF EDUCATION
No. 1 Economic priority must beNo. 1 Economic priority must be
EDUCATION & TRAINING
EDUCATION & TRAINING
INSTITUTIONS (4i)• Legal system (fair)
• Central bank (independent)
• Check & balance
• Transparency
• Institutions should facilitate (not frustrate) business creations
• (these lead to business confidence)
INSTITUTIONS (How to measure?)
Singapore Brazil
To open a business
6 procedures
6 Days
17 procedures
158 Days
Entrepreneurs need to
Make 16 payments
Spend 30 hours (processing tax forms)
Pay 28.81% of profit in taxes
Make 23 payments
Spend 2,600 hours (processing tax forms)
Pay 71.69% of profit in taxes
GROWTH FACTORS (4 i)
• Innovation
• Initial condition
• Investment
• Institution
3 EMOTIONS
•FEAR….gosh !!! (Americans and Europeans)
• Insecurity (safety)
• Losing identity
• Left behind in the dynamic world– Eg: GM, Chrysler
• Mexicans crossing the border
• 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
•HOPE Asians• We can do it
• Tomorrow is better
• Positive outlook
3 EMOTIONS
TRUE VALUE
• GRAPH
Investment • Value Creation is the goal
• (not the market price)
• Blue line
• Long term value vs KPI
CARLOS GHOSNCARLOS 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
Leadership @ Charlos Ghosn
SimpleOpenHard work AccountableSpeedPassionFocusClear and Decisive
Fair Process (5e)- a decision making process
FAIR PROCESS (5e)
• Engage & Frame
• Explore & eliminate options
• Explain, deciding & set expectation
• Execute & realizing
• Evaluate, learn & adapt
BLUE OCEAN STRATEGY• Value innovation• New market space
(uncontested)• Blue ocean (not red ocean)
• RICE (reduce, increase, create & eliminate
• Beyond Industry standard
(standard cannot see: Formula 1 hotel)
Strategy Canvas of ACCOR’s Formule 1 Hotel
Metanational
• National
• Multinational
• Metanational
……. CEO in Paris,
VP in Sao Paolo & Shanghai
• (no specific national identity)
• Unlearning current business model
3rd Culture• Third culture person• World culture• International personality• NETIZENS – a community of internet
users The world is their home
• All competitors now have an equal opportunity
• Largely through the
convergence of PC with fibre optic cable (telecommunications technology)
Serendipity• Serendipity is the effect by which one
accidentally discovers something fortunate, especially while looking for something else entirely.
• The word has been voted as one of the ten English words that were hardest to translate in June 2004 by a British translation company
SELF• Balanced: body, mind, emotions, neuro
sensory system and consciousness• Sunshine :(have to, like to & able to do)• Be proactive & reactive• Dying people: 5 stages• Honesty: the most important quality
..
Living for businessBusiness of
living
Adding years to your life
Adding life to your years
Making yourself a living
Making a life for yourself
• The emerging economy • Raplexity• Growth factors (4i)• Convergence theory• Innovation• Investment (true value)• Human Capital• Leadership
CONTENT of Coursework
• Fair process (5e)
• 3rd Culture
• Blue Ocean Strategy
• Metanational
• Serendipity
• Self
CONTENT of Coursework
Strategy Planned Entrepreneurial
Structure Hierarchy Network
System Rigid Flexible
StaffTitle and rank Being helpful
StyleProblem solving Transformational
Skills “To compete” “To build”
Shared valuesBetter sameness Meaningful difference
Focus Institution Individual
Source of strength
Stability Change
Leadership Dogmatic Inspirational
• Kebahagiaan / keseimbangan dalam hidup
• Barakah/rasa bertuhan (serendipity)
• Kembali kepada asas (back to basics)
MerciBeaucoup