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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


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


96 participants
96participants


34 countries


Mainly businessman govt officers s pore hk uk us
Mainly businessman/< govt officers ( S’pore, HK, UK, US)


One politician
Onepolitician…



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
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
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



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

“Convergence” Theory


RAPLEXITY GDP per capita.

Rapidity andcomplexity


RAPLEXITY GDP per capita.

Demands

new

paradigm


Rapidity complexity
(rapidity & complexity) GDP per capita.

RAPLEXITY

  • World view: mechanistic …>holographic

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

  • Values: competitive – cooperative

  • Thinking: analytical – creative --intuitive


RAPLEXITY GDP per capita.

  • 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 GDP per capita.FACTORS (4 i)

  • Innovation

  • Initial condition

  • Investment

  • Institution



Innovation 4i
INNOVATION GDP per capita. (4i)

Questioning mind

Take diverse views

(age, gender, profession, opposition)

Observe a lot more

Experiment (long term)

Leadership driven


Initial conditions 4i
INITIAL GDP per capita. 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 GDP per capita. ( 4i)

  • Should be > 25% of GDP

  • Korea: 35%, US:18%, M’sia:18%

  • Human Capital

  • Technology

    • Efficiency


IMPORTANCE OF GDP per capita.EDUCATION

Bill Gates : Going back to school


No. 1 Economic priority must be GDP per capita.

EDUCATION & TRAINING


Importance of technology
IMPORTANCE OF TECHNOLOGY GDP per capita.


Institutions 4i
INSTITUTIONS GDP per capita.(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 GDP per capita.(How to measure?)


Growth factors 4 i1
GROWTH GDP per capita. FACTORS (4 i)

Innovation

Initial condition

Investment

Institution


3 emotion s
3 GDP per capita. EMOTIONS


  • Insecurity (safety)

  • Losing identity

  • Left behind in the dynamic world

    • Eg: GM, Chrysler

  • Mexicans crossing the border


  • HUMILIATION Arabs GDP per capita.

  • 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 GDP per capita.

  • We can do it

  • Tomorrow is better

  • Positive outlook


3 emotions
3 GDP per capita.EMOTIONS

FEAR - West

HUMILIATION - Arabs

HOPE - Asians


True value
TRUE GDP per capita.VALUE

  • GRAPH


Investment
Investment GDP per capita.

  • Value Creation is the goal

  • (not the market price)

  • Blue line

  • Long term value vs KPI


Leadership GDP per capita.


Carlos ghosn
CARLOS GHOSN GDP per capita.

  • 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 GDP per capita.@Charlos Ghosn

Simple

Open

Hard work

Accountable

Speed

Passion

Focus

Clear and Decisive


Fair process 5e a decision making process
Fair GDP per capita.Process (5e)- a decision making process


Fair process 5e
FAIR GDP per capita. PROCESS (5e)

  • Engage & Frame

  • Explore & eliminate options

  • Explain, deciding & set expectation

  • Execute & realizing

  • Evaluate, learn & adapt


Blue ocean strategy
BLUE GDP per capita.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 GDP per capita. of ACCOR’s Formule 1 Hotel


M etanational
M GDP per capita.etanational

  • National

  • Multinational

  • Metanational

    ……. CEO in Paris,

    VP in Sao Paolo & Shanghai

  • (no specific national identity)

  • Unlearning current business model


3rd culture
3rd GDP per capita.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 GDP per capita.

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


S erendipity
S GDP per capita.erendipity

  • 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 GDP per capita.

  • 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! GDP per capita.

Successfuls vs Success fools


.. GDP per capita.

Successfuls vs Success fools


Management GDP per capita.

by

Detached

Involvement


The emerging economy GDP per capita.

Raplexity

Growth factors (4i)

Convergence theory

Innovation

Investment (true value)

Human Capital

Leadership

CONTENT of Coursework


Fair process (5e) GDP per capita.

3rd Culture

Blue Ocean Strategy

Metanational

Serendipity

Self

CONTENT of Coursework



Merci beaucoup
Merci GDP per capita.Beaucoup


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