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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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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

887MBA participants

representing 76 nationalities


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.


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


ADVANCED MANAGEMENT PROGRAM

7th July – 1st Aug, 2008


96participants


34 countries


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


Onepolitician…


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


SPEED

The 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%


CHINA

The Olympic Stadium


  • 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


“Convergence” Theory


All countries seems to converge to a very similar level of GDP per capita.

“Convergence” Theory


RAPLEXITY

Rapidity andcomplexity


RAPLEXITY

Demands

new

paradigm


(rapidity & complexity)

RAPLEXITY

  • World view: mechanistic …>holographic

  • Concept of man: economic –social – humanistic– holistic– transpersonal

  • Values: competitive – cooperative

  • Thinking: analytical – creative --intuitive


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.


GROWTH FACTORS (4 i)

  • Innovation

  • Initial condition

  • Investment

  • Institution


The main force behind growth in developed countries

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


IMPORTANCE OF EDUCATION

Bill Gates : Going back to school


No. 1 Economic priority must be

EDUCATION & TRAINING


IMPORTANCE OF TECHNOLOGY


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?)


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

FEAR - West

HUMILIATION - Arabs

HOPE - Asians


TRUE VALUE

  • GRAPH


Investment

  • Value Creation is the goal

  • (not the market price)

  • Blue line

  • Long term value vs KPI


Leadership


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


Leadership @Charlos Ghosn

Simple

Open

Hard work

Accountable

Speed

Passion

Focus

Clear 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


Happiness!

Successfuls vs Success fools


..

Successfuls vs Success fools


Management

by

Detached

Involvement


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


  • Kebahagiaan / keseimbangan dalam hidup

  • Barakah/rasa bertuhan (serendipity)

  • Kembali kepada asas (back to basics)


MerciBeaucoup


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