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In a time of uncertainty, this talk by Soumitra Dutta, Dean of External Relations at INSEAD, urges us to redefine business roles in society. Emphasizing the importance of asking the right questions, he explores opportunities within challenges. Key strategies for winning the innovation game include attracting and nurturing talent, leveraging diversity, and creating world-class educational institutions. Additionally, he inspires us to embrace creativity, set higher standards, and foster passion for meaningful causes to achieve seemingly impossible goals.
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Innovation and Competitiveness:Creating the Future Soumitra Dutta Roland Berger Professor of Business and Technology Dean of External Relations INSEAD
Three Questions • What is the opportunity? • How to win in the innovation game? • How to achieve the impossible?
What is the opportunity? • A period of significant uncertainty and fear and a time of questions about role of business in society • However, also a great time to rethink business and competitiveness • Now is the time to be bold in action • The first step is to be able to ask the right questions
How to win in the innovation game? • Multiple aspects, but most important is “talented people” • Develop your own – create world class universities • Attract the best – make them “feel at home” • Leverage diversity - while strengthening identity
How to achieve the impossible? • Innovation is horizontal – be creative (“a la Obama”) • “Good is the enemy of great” – banish satisfactory underperformance • Be inspired – and help to inspire the young • Be passionate – for a greater cause
Thank you! soumitra.dutta@insead.edu