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

3. 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

4. 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.

5. 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

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

7. 96participants

8. 34 countries

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

11. Onepolitician…

12. Learning/Teaching Method

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

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

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

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

18. CHINA The Olympic Stadium

19. 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

20. “Convergence” Theory

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

22. RAPLEXITY Rapidity andcomplexity

23. RAPLEXITY Demands new paradigm

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

27. 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.

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

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

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

31. 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.

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

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

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

35. IMPORTANCE OF TECHNOLOGY

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

37. INSTITUTIONS(How to measure?)

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

39. 3 EMOTIONS

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

41. 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

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

43. 3 EMOTIONS FEAR - West HUMILIATION - Arabs HOPE - Asians

44. TRUE VALUE • GRAPH

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

46. Leadership

47. 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

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

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