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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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Inside

INSEAD”

“Inside

August 27, 2008

Dinner Talk by

YB Dato’ Seri Idris Jusoh


Inside

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


Inside

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.


Inside

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


Inside

ADVANCED MANAGEMENT PROGRAM

7th July – 1st Aug, 2008


96 participants

96participants


Inside

34 countries


Mainly businessman govt officers s pore hk uk us

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


One politician

Onepolitician…


Learning teaching method

Learning/Teaching Method


Inside

The emerging economy

Raplexity

Growth factors (4i)

Convergence theory

Innovation

Investment (true value)

Human Capital

Leadership

CONTENT of Coursework


Inside

Fair process (5e)

3rd Culture

Blue Ocean Strategy

Metanational

Serendipity

Self

CONTENT of Coursework


Speed

SPEED

The rate of

change over

the last 100

years


Inside

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

CHINA

The Olympic Stadium


Inside

  • 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


Inside

“Convergence” Theory


Inside

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

“Convergence” Theory


Inside

RAPLEXITY

Rapidity andcomplexity


Inside

RAPLEXITY

Demands

new

paradigm


Rapidity complexity

(rapidity & complexity)

RAPLEXITY

  • World view: mechanistic …>holographic

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

  • Values: competitive – cooperative

  • Thinking: analytical – creative --intuitive


Inside

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

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

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.


Inside

INVESTMENT ( 4i)

  • Should be > 25% of GDP

  • Korea: 35%, US:18%, M’sia:18%

  • Human Capital

  • Technology

    • Efficiency


Inside

IMPORTANCE OF EDUCATION

Bill Gates : Going back to school


Inside

No. 1 Economic priority must be

EDUCATION & TRAINING


Importance of technology

IMPORTANCE OF TECHNOLOGY


Institutions 4i

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

INSTITUTIONS(How to measure?)


Growth factors 4 i1

GROWTH FACTORS (4 i)

Innovation

Initial condition

Investment

Institution


3 emotion s

3 EMOTIONS


Inside

  • FEAR….gosh !!!(Americans and Europeans)

  • Insecurity (safety)

  • Losing identity

  • Left behind in the dynamic world

    • Eg: GM, Chrysler

  • Mexicans crossing the border


Inside

  • 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


Inside

  • HOPE Asians

  • We can do it

  • Tomorrow is better

  • Positive outlook


3 emotions

3 EMOTIONS

FEAR - West

HUMILIATION - Arabs

HOPE - Asians


True value

TRUE VALUE

  • GRAPH


Investment

Investment

  • Value Creation is the goal

  • (not the market price)

  • Blue line

  • Long term value vs KPI


Inside

Leadership


Carlos ghosn

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

Leadership @Charlos Ghosn

Simple

Open

Hard work

Accountable

Speed

Passion

Focus

Clear and Decisive


Fair process 5e a decision making process

Fair Process (5e)- a decision making process


Fair process 5e

FAIR PROCESS (5e)

  • Engage & Frame

  • Explore & eliminate options

  • Explain, deciding & set expectation

  • Execute & realizing

  • Evaluate, learn & adapt


Blue ocean strategy

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

Strategy Canvas of ACCOR’s Formule 1 Hotel


M etanational

Metanational

  • National

  • Multinational

  • Metanational

    ……. CEO in Paris,

    VP in Sao Paolo & Shanghai

  • (no specific national identity)

  • Unlearning current business model


3rd culture

3rd Culture

  • Third culture person

  • World culture

  • International personality

  • NETIZENS – a community of internet users

    The world is their home


Inside

All competitors now have an equal opportunity

Largely through the convergence of PC with fibre optic cable (telecommunications technology)


S erendipity

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


Inside

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


Inside

Happiness!

Successfuls vs Success fools


Inside

..

Successfuls vs Success fools


Inside

Management

by

Detached

Involvement


Inside

The emerging economy

Raplexity

Growth factors (4i)

Convergence theory

Innovation

Investment (true value)

Human Capital

Leadership

CONTENT of Coursework


Inside

Fair process (5e)

3rd Culture

Blue Ocean Strategy

Metanational

Serendipity

Self

CONTENT of Coursework


Inside

  • Kebahagiaan / keseimbangan dalam hidup

  • Barakah/rasa bertuhan (serendipity)

  • Kembali kepada asas (back to basics)


Merci beaucoup

MerciBeaucoup


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