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        <title>INSEAD Knowledge articles</title>
        <description>Latest articles published on the INSEAD Knowledge website.</description>
        <link>http://knowledge.insead.edu/home.cfm</link>
        <copyright>INSEAD March 2007, All rights reserved.</copyright>
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            <title>INSEAD Knowledge articles</title>
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              <title>Sustainable consumption: What incentives?</title> 
              <link>http://knowledge.insead.edu/ebssustainableconsumptionincentives080311.cfm</link> 
              <pubDate>2008-03-27 05:20:29.0</pubDate>
              <description><![CDATA[ While most of the topics at this years European Business Summit in Brussels focused on climate change, one roundtable discussion on sustainable consumption had a strong consumer and, therefore, business angle.<br>
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              <title>Climate Change: Taking the temperature 50 years down the road</title> 
              <link>http://knowledge.insead.edu/EBSClimateChange50YearsLater080310.cfm</link> 
              <pubDate>2008-03-27 05:18:50.0</pubDate>
              <description><![CDATA[ Even though the issue of climate change has been known for about decades, it has only been in the past five years or so that the topic has been seriously addressed. Governments and businesses have started to adapt their policies and practices, mostly due to pressure from the public. ]]></description>
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              <title>Total: A difficult balancing act</title> 
              <link>http://knowledge.insead.edu/ebstotalbalancingact080307.cfm?vid=32</link> 
              <pubDate>2008-03-27 05:16:36.0</pubDate>
              <description><![CDATA[ Energy companies are being asked to meet growing world energy demand, but at the same time, theyre expected to cut carbon dioxide emissions. World energy demand is growing at 1.5 per cent a year. Meanwhile, negotiations are underway under the auspices of the United Nations Framework for Climate Change to broker consensus for curbing greenhouse gas emissions. Its something of a conundrum.<br>
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              <title>Rhodia CEO Clamadieu favours modified auction scheme</title> 
              <link>http://knowledge.insead.edu/EBsrhodiaemissionsauction080312.cfm?vid=33</link> 
              <pubDate>2008-03-27 05:14:29.0</pubDate>
              <description><![CDATA[ As the EU looks to the post-2012 horizon for regulating emissions of greenhouse gases, Rhodia CEO Jean-Pierre Clamadieu has expressed interest in ways of implementing an auction of emission rights, which since 2005 have been issued cost-free based on past emission levels and then traded. He calls for a sector analysis to identify which industries are most energy-intensive and could thus be hardest-hit by a new auction system.<br>
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              <title>KLM: Aviation has to become 'more sustainable'</title> 
              <link>http://knowledge.insead.edu/EBsklmsustainableaviation080306.cfm?vid=28</link> 
              <pubDate>2008-03-27 05:12:56.0</pubDate>
              <description><![CDATA[ Airlines cannot shirk the responsibility that comes with being major producers of polluting greenhouse gases and must aggressively pursue policies to minimise their  environmental damage.  Thats the view of Jan Ernst de Groot, managing director of the Dutch company KLM Airlines, which by its own estimate gives off some 10 million tonnes of carbon dioxide a year from its fleet of 194 aircraft.<br>
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              <title>Ericsson: Aiming to help reduce emissions while 'not shying' away from its own responsibilities</title> 
              <link>http://knowledge.insead.edu/EBSEricssonReducingEmissions080309.cfm?vid=23</link> 
              <pubDate>2008-03-27 05:11:15.0</pubDate>
              <description><![CDATA[ The telecoms sector isnt regarded as a major polluter, but that isnt stopping firms in that industry from doing what they can to help tackle climate change.<br>
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One such telecoms firm, Ericsson, took part in the European Business Summit held recently in Brussels -- a summit devoted this year to greening the economy and reducing carbon emissions. One might wonder why a company that is neither a big polluter, nor present in the energy sector, would feel the need to participate in such a summit. Yet, Ericsson believes that information and communications technology (ICT) can help companies in other sectors reduce their carbon footprint.  ]]></description>
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              <title>Arcelor Mittal: Lightening up heavy industry</title> 
              <link>http://knowledge.insead.edu/ebsarcelormittallighteningup080305.cfm?vid=22</link> 
              <pubDate>2008-03-27 05:09:27.0</pubDate>
              <description><![CDATA[ Steel is one of the industrial sectors under intense pressure to cut greenhouse gas emissions. By its very nature, producing steel consumes a lot of energy, which in turn produces a lot of carbon dioxide. But its not as bleak as all that: the steel industry has been trying for decades to find ways to cut CO2 emissions, says Michel Wurth, a member of the management board of ArcelorMittal, the worlds largest steel maker.  ]]></description>
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              <title>Alstom: Clean power needed  to reduce CO2 emissions</title> 
              <link>http://knowledge.insead.edu/EBSAlstomCleanPower080304.cfm?vid=21</link> 
              <pubDate>2008-03-27 05:07:32.0</pubDate>
              <description><![CDATA[ Mankind will keep using fossil fuels to generate electricity for many decades to come, and will need all the help it can get to curb emissions of carbon dioxide, or CO2, that go with burning fossil fuels. Thats according to Alstom, a leading manufacturer of power turbines and a company which sells equipment to make coal power stations cleaner and more efficient. It is also developing techniques to capture and store CO2. <br>
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              <title>Shell CEO van der Veer: Carbon dioxide regulation necessary to make the markets work</title> 
              <link>http://knowledge.insead.edu/EBSShellCarbonDioxideRegulation080303.cfm?vid=31</link> 
              <pubDate>2008-03-27 05:05:16.0</pubDate>
              <description><![CDATA[ If governments do not intervene, industries will meet the growing demands for energy in the cheapest way possible, and carbon dioxide (CO2) emissions will increase. That puts Jeroen van der Veer, CEO of Royal Dutch Shell plc, one of the worlds leading petroleum companies, in an odd position: a leading capitalist campaigning for more government regulation.  ]]></description>
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              <title>Microsoft's Courtois: Using technology to tackle climate change</title> 
              <link>http://knowledge.insead.edu/EBSmicrosoftclimatechange080302.cfm?vid=26</link> 
              <pubDate>2008-03-27 05:03:32.0</pubDate>
              <description><![CDATA[ Tackling climate change for Europe is an incredible opportunity to innovate and compete with the rest of the world. Thats the view of Microsoft International President Jean-Philippe Courtois. Technology can help by linking entrepreneurs to academics, venture capitalists and big business, Courtois says. ]]></description>
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              <title>Creating a climate for change</title> 
              <link>http://knowledge.insead.edu/EBsclimateforchange080301.cfm?vid=25</link> 
              <pubDate>2008-03-27 05:01:35.0</pubDate>
              <description><![CDATA[ A new INSEAD-European Business Summit report on climate change has highlighted a surge in green activities by US entrepreneurs, backed by venture capital. Until 2005, the amount of VC funds invested in clean technologies such as solar and wind power had been running almost neck and neck in the US and Europe. But then there was a sudden surge of VC interest in the US in 2005, the report says, which resulted in US firms raising $4.5 billion in VC funds to invest in clean technology the following year, while the EU raised $1.5 billion. ]]></description>
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              <title>Intel's Barrett: US needs to improve innovation capacity to maintain lead</title> 
              <link>http://knowledge.insead.edu/EBsintelusinnovation080308.cfm?vid=24</link> 
              <pubDate>2008-03-27 04:59:43.0</pubDate>
              <description><![CDATA[ The United States will need to improve its capacity to innovate if it wants to maintain its economic position in the world, says Craig Barrett, Chairman of Intel Corporation. Furthermore, government must make R&D more of a priority, as should private industry. ]]></description>
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              <title>The Experience Trap</title> 
              <link>http://knowledge.insead.edu/TheExperienceTrap080201.cfm?vid=17</link> 
              <pubDate>2008-03-04 11:47:39.0</pubDate>
              <description><![CDATA[ When companies look for a manager, they should look for experience, right? <br />
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Well, maybe not. INSEAD professors Kishore Sengupta and Luk Van Wassenhove say their research has revealed what they call the 'experience trap.' "Conventional wisdom holds that as we do more things more often, we learn from experience and get better and better, and what we found in our research was that actually some of it may not be the case," Sengupta says. ]]></description>
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              <title>Counting the cost</title> 
              <link>http://knowledge.insead.edu/SocieteGenerale080202.cfm?vid=18</link> 
              <pubDate>2008-03-04 11:46:49.0</pubDate>
              <description><![CDATA[ The Société Générale case, in which a rogue trader ran up losses of around five billion euros, underscores the inadequacy of internal controls within banks, suggesting that central bank regulators should perhaps play a more active role in controlling the trading books of large banking institutions. However, INSEAD Professor of Banking and Finance Jean Dermine argues that relying on central banks alone is not the best solution and "pressure should be exercised on financial institutions to do a better job themselves." ]]></description>
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              <title>Winning with value</title> 
              <link>http://knowledge.insead.edu/winningwithvalue080203.cfm?vid=19</link> 
              <pubDate>2008-03-04 11:46:17.0</pubDate>
              <description><![CDATA[ Too many companies focus on just the cost of software systems, rather than look at the business value they generate. That may not be surprising given the complexities of trying to assess the value of software assets, but according to a new study by INSEAD professor Soumitra Dutta, companies who do this are taking the easy way out. <br />
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In the study called 'Recognising the True Value of Software Assets', Dutta argues that this key existing asset represents 'enormous hidden value for the firm.' But for organisations to switch their attention to value rather than focus on cost will require a shift in mindset, he says. ]]></description>
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              <title>The value creation imperative</title> 
              <link>http://knowledge.insead.edu/valuecreation080103.cfm?vid=20</link> 
              <pubDate>2008-03-04 11:45:41.0</pubDate>
              <description><![CDATA[ It's been just over 400 years since a Dutch company became the first organisation to sell shares and became publicly traded. By 2007, more than one billion people owned a stake in the world's companies worth more than $75 trillion. <br />
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Kevin Kaiser, INSEAD Affiliate Professor of Finance, says that's a dramatic change from the days when monarchs and dictators owned everything and used their country's resources for their good alone. Now, we own the companies as shareholders and Kaiser says that has a number of consequences. ]]></description>
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              <title>Identifying, assessing and mitigating political risk</title> 
              <link>http://knowledge.insead.edu/politicalrisk080204.cfm</link> 
              <pubDate>2008-03-04 11:45:21.0</pubDate>
              <description><![CDATA[ Businesses try to avoid investing in countries or areas of an economy where they face a high probability that their investment returns will be reduced or even eliminated completely by political developments. Yet while investors the world over are willing to spend considerable time and money employing lawyers and accountants to carry out ‘due diligence’ on planned investments, particularly those in foreign jurisdictions, very few resources - if any - are allocated to  examining the political factors that may influence the success of the venture. ]]></description>
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              <title>Islamic microfinance gains popularity in war-torn Afghanistan</title> 
              <link>http://knowledge.insead.edu/islamicmicrofinance080205.cfm</link> 
              <pubDate>2008-03-04 11:45:00.0</pubDate>
              <description><![CDATA[ After spending several years in Iran as a refugee struggling to make a living, Shooperi Sharif never imagined that one day she would have a business of her very own. Last year, the 34-year old mother of three took out an Islamic microfinance loan to expand her business -- it was an Islamic loan as she's one of thousands of Afghans who refuse to take interest-bearing loans. ]]></description>
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              <title>The impact of ageing</title> 
              <link>http://knowledge.insead.edu/impactofageing080206.cfm</link> 
              <pubDate>2008-03-04 11:44:47.0</pubDate>
              <description><![CDATA[ “Ageing of populations is often viewed very negatively. Yet we need to constantly keep in mind that it is a sign of success,” says Gavin Jones, co-editor of a new book called ‘The Impact of Ageing: A Common Challenge for Europe and Asia’. That’s because ageing populations in Europe and East Asia represent success in terms of lowering unsustainably high birth rates to replacement level, and prolonging life expectancy, he says. Jones adds that Asia needs to learn from Europe’s experiences and plan ahead. ]]></description>
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              <title>Fast Strategy: Staying ahead of the game</title> 
              <link>http://knowledge.insead.edu/faststrategy080101.cfm?vid=16</link> 
              <pubDate>2008-03-04 11:43:50.0</pubDate>
              <description><![CDATA[ How can you make sure your company not only keeps its edge over its competitors, but also seizes new opportunities? In a new book called Fast Strategy: How strategic agility will help you stay ahead of the game, INSEAD professor Yves Doz and co-author Mikko Kosonen, a former senior Nokia executive, say the best way to do this is by making the most of what they call ‘strategic agility’. <br />
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"I personally experienced how Nokia, as a leading company, gradually lost some of its strategic sensitivity and resource fluidity as a result of successful growth," Kosonen says. "In the early ‘90s it won over Ericsson and Motorola because of its strategic agility. But then over the years, some of these capabilities began to deteriorate and, when we tried to change, it became really difficult." ]]></description>
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              <title>A world in crisis?</title> 
              <link>http://knowledge.insead.edu/AWorldinCrisis080107.cfm</link> 
              <pubDate>2008-03-04 11:43:14.0</pubDate>
              <description><![CDATA[ A world in crisis? The US Federal Reserve unexpectedly cut interest rates by 75 basis points last week to 3.5 per cent, despite little economic data signalling recession. The rate cut, its biggest single-day move for more than 20 years, came ahead of a scheduled Fed meeting at the end of the month. <br />
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Ilian Mihov, INSEAD Professor of Economics, says the Fed's move was necessary to bring stability to the markets. "When the financial sector goes down, it starts spiralling in such a way that it's very difficult to restore confidence and bring back the economy on track." ]]></description>
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              <title>Relationship building: A key driver for securing repeat business</title> 
              <link>http://knowledge.insead.edu/celerant080102.cfm</link> 
              <pubDate>2008-03-04 11:42:36.0</pubDate>
              <description><![CDATA[ A study of consulting firm Celerant has found that relationship building is key to bringing in repeat business which accounts for up to 70 per cent of its revenues each year. <br />
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The study of Celerant Consulting, conducted by INSEAD Professor of Organisational Behaviour Tom D’Aunno, also found that 91 per cent of clients surveyed would like to work with Celerant again. ]]></description>
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              <title>Corporate responsibility: Are companies responding to social demands?</title> 
              <link>http://knowledge.insead.edu/csrresponse080104.cfm</link> 
              <pubDate>2008-03-04 11:41:53.0</pubDate>
              <description><![CDATA[ Only one manager in about six is likely to view her company as a global corporate citizen with a responsibility to help solve social problems, as opposed to one stakeholder in three. This is one of the key findings of RESPONSE: Understanding and Responding to Social Demands on Corporate Responsibility, a study created and funded by the European Commission to study the gap in perceptions of social responsibility among companies and stakeholders. <br />
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Alignment is important because "only when all parties frame their thinking about society’s problems in similar ways can a mechanism for cooperation develop," the study says. Without this alignment, it is difficult to agree on priorities and a plan of action. ]]></description>
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              <title>Linking team diversity to extreme team performance</title> 
              <link>http://knowledge.insead.edu/TeamDiversity080106.cfm</link> 
              <pubDate>2008-03-04 11:41:04.0</pubDate>
              <description><![CDATA[ During his time working at Vivendi Universal, Fabrice Cavarretta, a PhD candidate in Organisational Behaviour at INSEAD, says "intuitively it felt that the company would either do extremely well or very badly. But it was not clear whether anyone could have predicted which way it would go. I became fascinated by Vivendi’s top management team’s composition, which was so homogeneous one could feel the situation turn out excessively well, or be a complete fiasco - one extreme or the other." ]]></description>
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              <title>Al Jazeera: Turning up the heat</title> 
              <link>http://knowledge.insead.edu/aljazeera080105.cfm?vid=15</link> 
              <pubDate>2008-03-04 11:38:45.0</pubDate>
              <description><![CDATA[ After celebrating its first year on air, the English service of Qatar-based TV station Al Jazeera - memorably denounced by former US Defence Secretary Donald Rumsfeld as ‘terror TV’ - is aiming to turn up the heat on its rivals in the global 24-hour news broadcasting industry. ]]></description>
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              <title>Putting leaders on the couch</title> 
              <link>http://knowledge.insead.edu/Leaderoncouch.cfm?vid=12</link> 
              <pubDate>2007-12-21 11:11:20.0</pubDate>
              <description><![CDATA[ When INSEAD Professor Manfred Kets de Vries coaches leadership teams, he effectively puts them on the couch – treating them not so much as rational actors but as emotional ones.<br />
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A clinical professor of leadership development, Kets de Vries says “the autocratic leadership style doesn’t work so well any more in a knowledge society.”<br /> ]]></description>
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              <title>Social innovation: Creating products for those at the bottom of the pyramid</title> 
              <link>http://knowledge.insead.edu/Bottompyramid.cfm</link> 
              <pubDate>2007-12-21 11:10:11.0</pubDate>
              <description><![CDATA[ A growing number of global companies are being drawn to the seductive idea that money can be made by developing and marketing products for those at the bottom of the pyramid, some four billion people around the world who eke out a living on about two US dollars a day.<br />
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Not only are companies attracted by the prospect of discovering markets with untapped growth potential, but they’re also aiming to have an impact, in a global society characterized by deep divisions between the haves and the have-nots. But those developing new products for those living in poverty are finding that cost alone isn’t the most important factor.<br /> ]]></description>
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              <title>Buying companies for new competencies: Is it worth it?</title> 
              <link>http://knowledge.insead.edu/acquisitions.cfm</link> 
              <pubDate>2007-12-21 11:09:28.0</pubDate>
              <description><![CDATA[ In fast-moving industries, large companies are increasingly using acquisitions as a strategy to obtain new competencies from smaller firms.<br />
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When Rahul Kapoor, a PhD candidate in strategy at INSEAD, became interested in acquisitions, he noticed that although many promising hi-tech start-ups were being acquired, technological progress seemed to stall after the acquisition.<br />
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              <title>In search of blue oceans: AOL (Europe)</title> 
              <link>http://knowledge.insead.edu/AOLEurope.cfm</link> 
              <pubDate>2007-12-21 11:09:03.0</pubDate>
              <description><![CDATA[ Internet business America Online (AOL) has had a chequered history since its marriage to the US media giant Time Warner in 2002. Yet, despite the challenges it faces, AOL Europe’s current CEO Dana Dunne is bullish about the relevance and importance of Blue Ocean thinking to the company.<br /> ]]></description>
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              <title>The brand imperative</title> 
              <link>http://knowledge.insead.edu/Banyantree.cfm?vid=13</link> 
              <pubDate>2007-12-21 11:07:58.0</pubDate>
              <description><![CDATA[ “There are only two advantages in life which are proprietary: technology and branding. Since I’m not a technologist, I decided that whatever business I was going to do next had to have a strong brand.”<br />
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Having left journalism to join the family business, Ho Kwon Ping, Founder and Executive Chairman of the luxury hotel Banyan Tree Group, realised that his family’s various contract manufacturing companies were stuck in constant competition on the basis of cost alone, and that the hotel business could provide a vehicle for such proprietary brand creation.<br /> ]]></description>
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              <title>New media: The online evolution of newspapers</title> 
              <link>http://knowledge.insead.edu/Apcar.cfm?vid=14</link> 
              <pubDate>2007-12-21 11:07:14.0</pubDate>
              <description><![CDATA[ In September, the New York Times did an about-face of sorts. It ended its paid-for online subscription model, under which it had been charging for access to premium content by columnists and commentators.<br />
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Len Apcar, deputy managing editor of the International Herald Tribune and a former editor-in-chief of NYTimes.com, says enabling free and unfettered access to the online paper has "proven to be a very successful advertising model by itself."<br /> ]]></description>
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              <title>Healthcare 2020: Managing new health markets</title> 
              <link>http://knowledge.insead.edu/HMIbusiness.cfm</link> 
              <pubDate>2007-12-21 11:06:35.0</pubDate>
              <description><![CDATA[ Are conventional healthcare models still relevant, especially in rapidly-growing economies such as India’s, what will be the economics of the healthcare business and who will be the players of the future?<br />
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Harpal Singh, chairman of Fortis Healthcare, says “we need to stop fighting globalisation - it’s here, and we need to focus on how we can make it beneficial.” Singh also argues that countries like India could provide unprecedented opportunities both as a market and as a solutions provider.<br /> ]]></description>
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              <title>Leadership: A Chinese puzzle</title> 
              <link>http://knowledge.insead.edu/contents/ChinaRising.cfm</link> 
              <pubDate>2007-11-13 14:32:19.0</pubDate>
              <description><![CDATA[ China’s economy is booming, but one of the major challenges facing the country will be leadership - or the lack of it - in political or business spheres. INSEAD Affiliate Professor of Asian Business and Comparative Management, Michael Witt, says that although the Communist Party still tightly rules China, the leadership in Beijing does "not have a lot of power," with the result that it’s difficult to get things implemented. ]]></description>
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              <title>Is China friend or foe? 'Neither,' says Singapore's Lee Kuan Yew</title> 
              <link>http://knowledge.insead.edu/contents/ILSAMinisterMentor.cfm</link> 
              <pubDate>2007-11-13 14:31:06.0</pubDate>
              <description><![CDATA[ In a keynote session at the INSEAD Leadership Summit in Asia, the founder of modern Singapore, Lee Kuan Yew, revealed that during a meeting with Washington aides to presidential candidates, he was asked whether the US should regard China as a friend or foe. <br /><br>
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His reply: "Neither at the moment." He then added that in 20 years? time, the US will be dealing with a different set of leaders. ]]></description>
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              <title>Environmental degradation: Counting the cost of rapid economic growth</title> 
              <link>http://knowledge.insead.edu/contents/ILSAenvironment.cfm</link> 
              <pubDate>2007-11-13 14:30:34.0</pubDate>
              <description><![CDATA[ Bad air, polluted water, depleted resources and global warming. These are some of the emerging hallmarks of Asia’s booming growth in recent years. From Beijing to Bangalore and beyond, the consequences of industrial development are tainting the region’s environment. ]]></description>
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              <title>Globalising the brand: Looking beyond lower costs</title> 
              <link>http://knowledge.insead.edu/contents/GlobalbrandElfrink.cfm</link> 
              <pubDate>2007-11-13 14:29:34.0</pubDate>
              <description><![CDATA[ While many multinational firms are choosing to outsource services and production to Asia, one company says it’s looking beyond lowering costs and is aiming to ‘globalise its corporate brand’ by developing a major R&D base in India. <br />
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Wim Elfrink of Cisco Systems, who holds the unique corporate title of Chief Globalisation Officer, says cost differentiation at the company is "a bonus, but the not the main driver anymore." The networking firm is investing around 1.2 billion dollars in a globalisation centre in India to tap not only the region’s growth but also its innovative capabilities. ]]></description>
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              <title>Building global brands in Asia</title> 
              <link>http://knowledge.insead.edu/contents/ILSAbranding.cfm</link> 
              <pubDate>2007-11-13 14:28:36.0</pubDate>
              <description><![CDATA[ Look closely at the top 100 Global Brands, according to Interbrand and BusinessWeek, and you’ll see many European and North American favorites that have given great products or services over many years. What you won’t see on that list are many Asian firms, apart from some notable companies in Japan and South Korea. <br />
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Why, in a burgeoning region that’s brand-crazy, have very few homegrown favorites earned world-class recognition? What will it take for Asian companies to rise to the level of global superstar? ]]></description>
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              <title>CEO View: Judy Leissner of Grace Vineyard</title> 
              <link>http://knowledge.insead.edu/contents/CEOviewGraceVine.cfm</link> 
              <pubDate>2007-11-13 14:26:59.0</pubDate>
              <description><![CDATA[ A mainland Chinese winery is establishing its name internationally for its wines, even though it’s currently targetting the domestic market. "We currently send the wine over to a lot of wine critics," Grace Vineyard CEO and President Judy Leissner told INSEAD Knowledge. <br />
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A recent article in the Financial Times spoke of Grace’s Chairman’s Reserve as ‘the finest wine so far made in the country that is already the world’s sixth most important grower of grapevines.’ ]]></description>
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              <title>The global business leader</title> 
              <link>http://knowledge.insead.edu/contents/FrankBrown.cfm</link> 
              <pubDate>2007-10-25 15:44:48.0</pubDate>
              <description><![CDATA[ Leadership has nothing to do with titles. J. Frank Brown, the Dean of INSEAD, has met a lot of CEOs in his two-and-a-half decades in business and many of them are nothing more than LINOs - Leaders In Name Only. "A lot of people talk about leadership and not that many actually do it," Brown said in an interview with INSEAD Knowledge. Brown believes there are seven hallmarks of a great leader. "I think the most important one is how you communicate and how you listen because if you’re going to be a successful leader you’ve got to be a really aggressive learner," he said. ]]></description>
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              <title>Family business on the couch</title> 
              <link>http://knowledge.insead.edu/contents/Randy.cfm</link> 
              <pubDate>2007-10-25 15:40:49.0</pubDate>
              <description><![CDATA[ In August, the Bancroft family gave up control of Dow Jones, the publishing group it had owned for some 105 years. The group, which includes the Wall Street Journal, has been taken over by another family-controlled business, Rupert Murdoch’s News Corporation, for US$5 billion. <br />
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According to Randel Carlock, the Berghmans Lhoist Chaired Professor in Entrepreneurial Leadership and Director of the Wendel International Centre for Family Enterprise at INSEAD, the Bancrofts had a clear idea of the values they wanted associated with the Wall Street Journal brand - a strong sense of editorial integrity and independence. However, they had been unable to steward the Wall Street Journal into the 21st century as other competitors passed them by and Dow Jones’ stock price fell sharply. ]]></description>
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              <title>Writing books at the push of a button</title> 
              <link>http://knowledge.insead.edu/contents/philparker.cfm</link> 
              <pubDate>2007-10-25 15:38:18.0</pubDate>
              <description><![CDATA[ INSEAD professor Phil Parker has been granted a US patent for his software programme that writes books. It took him seven years to get the patent, and while the registered patent name is decidedly scholastic: <i>Method and Apparatus for Automated Authoring and Marketing</i>, the implications for the information age are not. It?s not "creative intelligence." It?s "reverse engineering" - deconstructing books into "genres" and then writing software programmes to fit those genres. ]]></description>
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              <title>In search of blue oceans: The Starwood experience</title> 
              <link>http://knowledge.insead.edu/contents/Starwood.cfm</link> 
              <pubDate>2007-10-25 15:37:30.0</pubDate>
              <description><![CDATA[ Are companies using Blue Ocean Strategy to search for ‘uncontested market space’ and, if so, how? One group which has been exploring blue ocean thinking for the past three years is Starwood Hotels and Resorts. <br />
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However, as INSEAD Knowledge has been finding out, the company has so far been taking a step-by-step approach to implementing the concept, rather than try to realise any sort of ‘grand vision’. As Starwood Vice President Robyn Pratt puts it, it’s more a question of finding ‘blue puddles, lakes or rivers’ at this stage rather than ‘blue oceans’ as such. ]]></description>
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              <title>Social responsibility: Greater access to capital?</title> 
              <link>http://knowledge.insead.edu/contents/BrendanMay.cfm</link> 
              <pubDate>2007-10-25 15:36:57.0</pubDate>
              <description><![CDATA[ Practising social responsibility can give companies improved access to capital. That’s according to Brendan May, International Head of Corporate Responsibility and Sustainability at PR firm Weber Shandwick Worldwide. 

Key financial centres are always thinking in terms of risk and investible propositions, and as May notes, “the chances are, that a truly investible proposition in the 21st century is not a company that is chopping down rainforests, (or) exploiting its workforce.”  This is resulting in a proliferation of both mainstream and niche institutions looking to invest in socially responsible companies, as financial firms choose to steer clear of dubious, risky companies. ]]></description>
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              <title>Leader or follower? The future of the chemical industry in Europe</title> 
              <link>http://knowledge.insead.edu/contents/ChemReport.cfm</link> 
              <pubDate>2007-10-25 15:36:06.0</pubDate>
              <description><![CDATA[ A survey has found that an overwhelming majority of managers of chemical firms in Western Europe hold negative views about new regulations governing the industry. However, according to Baptiste Lebreton, a postdoctoral research fellow at INSEAD, and Luk Van Wassenhove, who holds the Henry Ford chair in manufacturing, the latest EU directive can be used to create value and increase competitive advantage. ]]></description>
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              <title>Advertising on the web: How content affects the buying and selling of ad links</title> 
              <link>http://knowledge.insead.edu/contents/Katona.cfm</link> 
              <pubDate>2007-10-25 15:21:45.0</pubDate>
              <description><![CDATA[ The internet has become an important medium for doing business internationally. The opportunities are enormous, yet there are still many practical questions that managers of commercial websites need answering. Zsolt Katona, an INSEAD PhD candidate in marketing, addresses some of these questions in his doctoral thesis on advertising on the World Wide Web. "The www is the largest network in the world - there are more pages on the www than the population of the world, and online advertising expenditure is growing at a rate of 18 per cent," Katona says. ]]></description>
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              <title>In search of blue oceans</title> 
              <link>http://knowledge.insead.edu/contents/BOS.cfm</link> 
              <pubDate>2007-09-27 10:48:43.0</pubDate>
              <description><![CDATA[ First came the book and now there is an institute in the making. The international bestseller, ‘Blue Ocean Strategy’ written by INSEAD professors W. Chan Kim and Renée Mauborgne, sold more than a million copies in its first year of publication and is being published in a record-breaking 39 languages. Although there are no plans for a follow-up book at this stage, INSEAD is currently setting up the INSEAD Blue Ocean Strategy Institute. In a rare interview, Kim and Mauborgne told Knowledge they knew there would be an audience for their research as their articles in the Harvard Business Review had sold half a million reprints. ]]></description>
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              <title>The new deal at the top</title> 
              <link>http://knowledge.insead.edu/contents/Doz.cfm</link> 
              <pubDate>2007-09-27 10:43:26.0</pubDate>
              <description><![CDATA[ "Most companies have key managers reporting directly to the CEO on a one-to-one basis, with responsibility for their units or regions," says Yves Doz, who holds the Timken chair in Global Technology and Innovation at INSEAD. The Professor of Business Policy says the result is that "the businesses or regions tend to behave in an autonomous fashion similar to the way a baron would manage his fiefdom." ]]></description>
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              <title>Talent Management: Building and sustaining a strong talent pipeline</title> 
              <link>http://knowledge.insead.edu/contents/stahl.cfm</link> 
              <pubDate>2007-09-27 10:42:36.0</pubDate>
              <description><![CDATA[ Best practices only work in a given context, says Günter Stahl, INSEAD Associate Professor of Organisational Behaviour. "So what works for one company may not work for another." That?s one of the key findings of The Global Human Resource Research Alliance, a study of best practices in talent management on which Stahl was a lead researcher. It investigated the processes and practices of 37 multinational companies, selected on the basis of their international scope, long-term performance and reputation. ]]></description>
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              <title>CEO View: John Mullen of DHL</title> 
              <link>http://knowledge.insead.edu/contents/Mullen.cfm</link> 
              <pubDate>2007-09-27 10:41:11.0</pubDate>
              <description><![CDATA[ The credit crunch is a cause of concern for DHL CEO John Mullen. He says he’s concerned about the current uncertainty in the US economy, and the possibility that the US market could go into recession. "We see it in our trading results," he says. "We’re up one month, we feel positive and then we have a bad month and everyone’s full of doom and gloom, and then the next month’s good again." ]]></description>
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              <title>Healthcare2020: Women and leadership- the next decade</title> 
              <link>http://knowledge.insead.edu/contents/healthwomen.cfm</link> 
              <pubDate>2007-09-27 10:38:59.0</pubDate>
              <description><![CDATA[ Technology is presenting an opportunity for women to progress in the healthcare industry, in which they are currently underrepresented. "The digital world is changing healthcare with the new technology system that currently is underleveraged," says Lynn O’Connor Vos, the CEO and president of Grey Healthcare Group. ]]></description>
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              <title>Entrepreneurship: How the leadership team's experience can enhance strategy and performance</title> 
              <link> http://knowledge.insead.edu/contents/Ener.cfm</link> 
              <pubDate>2007-09-27 10:37:55.0</pubDate>
              <description><![CDATA[ Hakan Ener, a PhD candidate in strategy at INSEAD, comes from Turkey where there is an abundance of entrepreneurial firms. "My family runs an entrepreneurial business in textiles, so I drew on personal experience when looking at research that would interest me. What I noticed from my family?s firm is that it is difficult to give up executive power. Decisions have to be made about who should join the leadership team to make, and execute strategy. Wrong choices can lead to major problems in performance, especially for young entrepreneurial firms." ]]></description>
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              <title>Credit crunch: Did the Fed do the right thing?</title> 
              <link>http://knowledge.insead.edu/contents/Fed.cfm</link> 
              <pubDate>2007-09-24 09:45:03.0</pubDate>
              <description><![CDATA[ The US Federal Reserve cut short-term interest rates half a percentage point this week to make it cheaper for banks to provide loans and keep the crisis in the subprime mortgage market from spreading to other sectors of the economy. The cut was bigger than many market analysts had expected and was designed to have an immediate impact on interest rates for home loans, credit cards and business borrowing.  The credit crunch is the first major test for Fed Chairman Ben Bernanke and not all the experts agree on whether Bernanke has got it right. ]]></description>
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              <title>Innovation: Using externally-oriented or 'X' teams can prove a winning strategy</title> 
              <link>http://knowledge.insead.edu/contents/Bresman.cfm</link> 
              <pubDate>2007-08-23 12:36:46.0</pubDate>
              <description><![CDATA[ Good teams can often fail when it comes to innovation. That’s the message from a new book by INSEAD Assistant Professor Henrik Bresman and MIT Professor Deborah Ancona. The reason such teams fail is not because of a lack of talent or they can’t work together, but because they don’t take into account external stakeholders and conditions. ]]></description>
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              <title>The Money Illusion</title> 
              <link>http://knowledge.insead.edu/contents/Wertenbroch.cfm</link> 
              <pubDate>2007-08-23 12:36:03.0</pubDate>
              <description><![CDATA[ Consumers are commonly subject to what economists call ‘the money illusion’, whereby a consumer’s perception of the value of money is influenced by the nominal value of the currency. In other words, it’s psychologically easier for an American consumer to buy a widget for one dollar in the US than it is for that same consumer to purchase the same widget while on a trip in Vietnam for 16,000 Vietnamese dong, the equivalent of one US dollar. INSEAD professors Klaus Wertenbroch and Amitava Chattopadhyay have taken a fresh look at this classic economic conundrum in a recent article published in the Journal of Consumer Research. ]]></description>
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              <title>CEO view: Tony Fernandes of AirAsia</title> 
              <link>http://knowledge.insead.edu/contents/Fernandes.cfm</link> 
              <pubDate>2007-08-23 12:35:16.0</pubDate>
              <description><![CDATA[ Within the space of five years, Asian budget carrier AirAsia has grown quickly, helping to shake up the airline business in the region. With its fleet of Boeing 737-300 aircraft and Airbus A320s, the no-frills airline currently flies to more than 45 destinations in Malaysia, Thailand, Indonesia, Macau, China, Philippines, Cambodia, Vietnam and Myanmar. Knowledge spoke to the airline's Group CEO Tony Fernandes about his business ventures and strategy after a recent Bloomberg Forum in Kuala Lumpur. ]]></description>
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              <title>Reining in the biggest game in town</title> 
              <link>http://knowledge.insead.edu/contents/Rice.cfm</link> 
              <pubDate>2007-08-23 12:34:26.0</pubDate>
              <description><![CDATA[ Private equity firms have taken a hit from the recent subprime mortgage crisis, but they've also come in for scrutiny as politicians have focused on the mega-profits these investment firms have been making.“I think both in the UK and the US, there will be some tax legislation proposed which is designed to increase the taxes on PE activity,” says Joe Rice, one of the founders of Clayton, Dubilier and Rice (CD&R), which manages equity capital in excess of US$10 billion. ]]></description>
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              <title>Healthcare2020: Combating malaria in the developing world – the funding challenges ahead</title> 
              <link>http://knowledge.insead.edu/contents/healthcare2020.cfm</link> 
              <pubDate>2007-08-23 12:33:40.0</pubDate>
              <description><![CDATA[ Despite many medical advances, malaria still affects 40 per cent of the world’s population, especially countries with the lowest income. Although increased funding has come in from private sources such as the Bill & Melinda Gates Foundation, those most in need are still not getting the help they require. ]]></description>
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              <title>Leadership Summit 2007: Is Europe still relevant?</title> 
              <link>http://knowledge.insead.edu/contents/ILSCase.cfm</link> 
              <pubDate>2007-07-13 05:19:28.0</pubDate>
              <description><![CDATA[ INSEAD has just held its first Leadership Summit at the Europe campus in Fontainebleau. The question posed at the new flagship event was a provocative one: 'Is Europe still relevant?' Aon Corporation CEO Greg Case, in a keynote address, said Europe is at the heart of his company's activities. ]]></description>
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              <title>Europe as a power: Financial and economic challenges ahead</title> 
              <link>http://knowledge.insead.edu/contents/ILSeconomy.cfm</link> 
              <pubDate>2007-07-12 05:19:28.0</pubDate>
              <description><![CDATA[ There has been so much 'hype' about the rise of the BRIC countries - Brazil, Russia, India and China - that one begins to wonder about Europe's relevance as an economic power. 'Is the European economy as relevant as it once was?' asks Alice Rivlin of The Brookings Institution. ]]></description>
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              <title>The energy 'battlefield' in Europe</title> 
              <link>http://knowledge.insead.edu/contents/ILSenergy.cfm</link> 
              <pubDate>2007-07-11 05:19:28.0</pubDate>
              <description><![CDATA[ In a session on the thorny issue of energy in Europe, former BP chairman Lord Simon put the case for nuclear energy and warned we should 'not get overexcited about alternative energy in the next decade.' ]]></description>
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              <title>Innovative and responsible leadership: Taking a long-term perspective</title> 
              <link>http://knowledge.insead.edu/contents/ILSsustainability.cfm</link> 
              <pubDate>2007-07-10 05:19:28.0</pubDate>
              <description><![CDATA[ How can sustainability issues become part of everyday business decisions and should business leaders, especially from family-controlled firms, be looking to take a longer term view rather than get caught up in the 'obsession' with quarterly results? ]]></description>
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              <title>Europe 2020: Views from the outside world</title> 
              <link>http://knowledge.insead.edu/contents/ILSEurope2020.cfm</link> 
              <pubDate>2007-07-09 05:19:28.0</pubDate>
              <description><![CDATA[ Europe is often perceived as a less attractive place to conduct business compared to the US or Asia. In this panel discussion, two non-European business leaders - one an American, the other an Asian - discussed the relative attactiveness of the European economy in the next 10-20 years. ]]></description>
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              <title>Kick-starting growth in Europe in the face of global competition</title> 
              <link>http://knowledge.insead.edu/contents/ILScompetition.cfm</link> 
              <pubDate>2007-07-09 04:19:28.0</pubDate>
              <description><![CDATA[ With European growth lagging behind that of Asia, the issue of how Europe can kick-start its economy came under the spotlight at the Leadership Summit. ]]></description>
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              <title>Cost innovation and the dragons</title> 
              <link>http://knowledge.insead.edu/contents/contents/williamson.cfm</link> 
              <pubDate>2007-06-28 05:19:28.0</pubDate>
              <description><![CDATA[ INSEAD Affiliate Professor of Asian Business and International Management Peter Williamson says Chinese companies are tapping niche markets and customising products, but instead of looking at premium pricing they’re choosing to go mass market with ‘everyday low prices on steroids.’ ]]></description>
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              <title>Distressed German companies: Opportunities for Asian investors?</title> 
              <link>http://knowledge.insead.edu/contents/jake.cfm</link> 
              <pubDate>2007-06-28 05:19:28.0</pubDate>
              <description><![CDATA[ Germany’s merger and acquisition market has been booming. According to INSEAD Affiliate Professor of Accounting and Control and Business Law, Jake Cohen, and Jörg Nürnberg, a partner with consultants Dröge & Comp., this M&A activity has opened up a window of opportunity for Asian investors to buy up distressed companies and become part of ‘Germany Inc’, the close-knit network of German companies and banks. ]]></description>
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              <title>Risk assessment: Keep it simple</title> 
              <link>http://knowledge.insead.edu/contents/Gaba.cfm</link> 
              <pubDate>2007-06-28 05:19:28.0</pubDate>
              <description><![CDATA[ The ability to assess risk and uncertainty is critical for investment banks and businesses. While some may advocate the use of complex models, INSEAD Dean of Faculty and Professor of Decision Sciences, Anil Gaba, believes that if you’re looking to forecast risk, you’d do well to keep it simple. ]]></description>
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              <title>Asia and the financial crisis: Is the region still feeling the effects ten years on?</title> 
              <link>http://knowledge.insead.edu/contents/hellmut.cfm</link> 
              <pubDate>2007-06-28 05:19:28.0</pubDate>
              <description><![CDATA[ INSEAD Senior Affiliate Professor of International Management Hellmut Schütte believes Asia is still feeling the effects of the crisis to some extent, particularly in the financial services sector in South-east Asia. ]]></description>
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              <title>The innovation value chain</title> 
              <link>http://knowledge.insead.edu/contents/contents/Morten.cfm</link> 
              <pubDate>2007-06-28 05:19:28.0</pubDate>
              <description><![CDATA[ Innovation isn’t all about great ideas. INSEAD Professor of Entrepreneurship Morten Hansen and visiting professor Julian Birkinshaw argue that companies often fail because they don’t recognise that innovation is a chain that requires strength at every link to succeed. ]]></description>
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              <title>Success: A huge business vulnerability?</title> 
              <link>http://knowledge.insead.edu/contents/herbold.cfm</link> 
              <pubDate>2007-05-26 05:19:28.0</pubDate>
              <description><![CDATA[ Former Microsoft Chief Operating Officer Bob Herbold says success creates nine dangerous traps for companies around the world today. “Once they reach some level of success they tend to lose their sense of urgency,” the INSEAD senior executive in residence says. Many companies “think they have found the secret that will lead to everlasting success. Little do they know that by turning their previously successful practices into legacy practices that they follow continually, they’re putting themselves in a very disadvantageous position,” Herbold says. ]]></description>
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              <title>Reputational risk management: A key determinant of competitive performance</title> 
              <link>http://knowledge.insead.edu/contents/walter.cfm</link> 
              <pubDate>2007-05-26 04:19:28.0</pubDate>
              <description><![CDATA[ When WorldCom collapsed in 2002, its investors lost billions – and so did shareholders of Citigroup. Markets punished the financial giant for its part in the financial scandal. Citigroup had risked its reputation by developing a web of intimate business relationships with the fraud-ridden telecoms firm. Modern financial groups such as Citigroup are particularly vulnerable to issues of reputational risk, says INSEAD visiting professor Ingo Walter. ]]></description>
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              <title>Marketing: How behaviour prediction can help reinforce or break habits</title> 
              <link>http://knowledge.insead.edu/contents/chandon.cfm</link> 
              <pubDate>2007-05-25 05:19:28.0</pubDate>
              <description><![CDATA[ Human beings are creatures of habit. Many of our actions are repetitive and require little conscious thought or effort. However, by predicting our behavior we can actually reinforce good habits and break bad ones, says INSEAD Assistant Professor of Marketing Pierre Chandon. ]]></description>
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              <title>Knowledge transfer: Use templates to pass on best practices, at least initially</title> 
              <link>http://knowledge.insead.edu/contents/gabriel.cfm</link> 
              <pubDate>2007-05-24 05:19:28.0</pubDate>
              <description><![CDATA[ As corporations look to expand overseas – through franchising, outsourcing or setting up plants and offices elsewhere – they transfer best practices to maintain their competitive edge.  But what’s the best way of doing that and how should they adapt these operational practices to local conditions? According to studies carried out by INSEAD Professor of Strategy Gabriel Szulanski and others, companies need to identify and validate actual examples that have been shown to produce results. ]]></description>
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              <title>India retail: Foreign firms are eyeing the potential but will they succeed?</title> 
              <link>http://knowledge.insead.edu/contents/paddy.cfm</link> 
              <pubDate>2007-05-23 05:19:28.0</pubDate>
              <description><![CDATA[ Many of the world’s top retailers such as Wal-Mart, Carrefour and Tesco are currently eyeing the Indian retail sector. With a population of about a billion people and a burgeoning middle class, India holds out plenty of promise. But INSEAD Professor of Marketing Paddy Padmanabhan says India is a unique market and foreign players will face a number of challenges. ]]></description>
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              <title>Social enterprise: Using microfinance to alleviate poverty yet still post dramatic growth</title> 
              <link>http://knowledge.insead.edu/contents/mahboob.cfm</link> 
              <pubDate>2007-05-22 05:19:28.0</pubDate>
              <description><![CDATA[ Many institutions around the world are turning to microfinance both as a strategy to help lift the poor out of the poverty trap and to make a decent return on investment. While the business gains from lending money to those who earn only about one or to dollars a day may seem limited, some of the major international banks are now turning their attention to this sector. In a new case study, INSEAD Adjunct Professor Mahboob Mahmood highlights the work of the Kashf Foundation in Pakistan, an organisation which is helping to alleviate poverty and yet is growing rapidly. ]]></description>
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              <title>Global information technology: The rankings</title> 
              <link>http://knowledge.insead.edu/contents/Soumitra2.cfm</link> 
              <pubDate>2007-04-20 05:19:28.0</pubDate>
              <description><![CDATA[ Denmark has topped the rankings for the first time in the annual Global Information Technology Report, followed by Sweden, Singapore and Finland. According to the report, Denmark’s outstanding levels of networked readiness are closely tied to the country’s excellent regulatory environment, coupled with clear government leadership and vision in leveraging information and communication technology (ICT). ]]></description>
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              <title>Closing the deal in negotiations: Avoid rushing in</title> 
              <link>http://knowledge.insead.edu/contents/Falcao.cfm</link> 
              <pubDate>2007-04-19 05:19:28.0</pubDate>
              <description><![CDATA[ Closing a deal can be ‘extremely hard’, says INSEAD Affiliate Professor of Decision Sciences Horacio Falcao, because it’s the conclusion of the whole negotiating process. If something has gone wrong and hasn’t been picked up by that point, the person you’re negotiating with will “probably err on the side of ‘no’ rather than ‘yes’.” ]]></description>
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              <title>The employee value proposition: Be an employer of choice</title> 
              <link>http://knowledge.insead.edu/contents/Black.cfm</link> 
              <pubDate>2007-04-18 05:19:28.0</pubDate>
              <description><![CDATA[ A lot of companies talk about being an employer of choice, but as competition for talent heats to a boil, Stewart Black, INSEAD Affiliate Professor of Organisational Behaviour, says executives have to do more than give the concept lip service. ]]></description>
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              <title>Japanese business: Time to take the brake off?</title> 
              <link>http://knowledge.insead.edu/contents/Witt.cfm</link> 
              <pubDate>2007-04-17 05:19:28.0</pubDate>
              <description><![CDATA[ The Japanese economy may be the second largest in the world, but it was struggling in the 1990s and early 2000s. And while economic pain might have resulted in structural reforms elsewhere, that has not happened in Japan. ]]></description>
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              <title>The China market: Windows of opportunity</title> 
              <link>http://knowledge.insead.edu/contents/White.cfm</link> 
              <pubDate>2007-04-16 05:19:28.0</pubDate>
              <description><![CDATA[ Foreign firms have been eyeing the Chinese market ever since the country began opening up in the 1980s. And given that China has a population of more than one billion people, it’s a market that has plenty of promise. ]]></description>
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              <title>Entrepreneurship: Use symbolic management to attract funding, resources</title> 
              <link>http://knowledge.insead.edu/contents/HuyZott.cfm</link> 
              <pubDate>2007-04-13 05:19:28.0</pubDate>
              <description><![CDATA[ Fresh entrepreneurs face the same problem when starting out on their own: “When you are relatively young, with relatively little experience, and you are relatively poor, and you have an unproven new idea, what do you have to do to convince powerful and rich people to give you the first hundred thousand pounds so you can start developing your products?” says INSEAD Associate Professor of Strategy, Quy Nguyen Huy. The answer, it seems, is to pay attention to ‘symbolic management’ at the very earliest stages of a new venture. ]]></description>
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              <title>Entrepreneurship: Riding rapid growth in India and China</title> 
              <link>http://knowledge.insead.edu/contents/Turner.cfm</link> 
              <pubDate>2007-03-23 05:19:28.0</pubDate>
              <description><![CDATA[ INSEAD Affiliate Professor of Entrepreneurship and Family Enterprise Patrick Turner examines the development of entrepreneurship in the two Asian giants. ]]></description>
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              <title>Networking is vital for successful managers</title> 
              <link>http://knowledge.insead.edu/contents/Ibarra.cfm</link> 
              <pubDate>2007-03-22 05:19:28.0</pubDate>
              <description><![CDATA[ INSEAD Professor of Organisational Behaviour Herminia Ibarra says managers who neglect to build their networks risk failing or remaining stuck in middle management. "What you know is who you know," she says. ]]></description>
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              <title>Tech innovation in the Middle East</title> 
              <link>http://knowledge.insead.edu/contents/Soumitra.cfm</link> 
              <pubDate>2007-03-21 05:19:28.0</pubDate>
              <description><![CDATA[ INSEAD Professor in Business and Technology Soumitra Dutta looks at how countries in the Middle East are faring in terms of technological innovation. ]]></description>
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              <title>Create the right buzz about your products</title> 
              <link>http://knowledge.insead.edu/contents/Amitava.cfm</link> 
              <pubDate>2007-03-20 05:19:28.0</pubDate>
              <description><![CDATA[ INSEAD Professor of Marketing Amitava Chattopadhyay says companies may have more control over the buzz about their new products than they previously thought possible - they just have to take a more systematic approach. ]]></description>
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              <title>IPOs: Evaluating failure risk</title> 
              <link>http://knowledge.insead.edu/contents/Demers.cfm</link> 
              <pubDate>2007-03-19 05:19:28.0</pubDate>
              <description><![CDATA[ INSEAD Assistant Professor of Accounting and Control Liz Demers says the risk of failure may not be fully priced into new listings as of the offering date. ]]></description>
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