Latest articles published on the INSEAD Knowledge website. http://knowledge.insead.edu/home.cfm INSEAD March 2007, All rights reserved. EN {ts '2008-06-25 07:46:41'} FeedForAll Mac v2.1 (2.1.0.1); http://www.FeedForAll.com/ http://knowledge.insead.edu/images/favicon.png http://knowledge.insead.edu/home.cfm 64 64 http://knowledge.insead.edu/ItStartsWithOne080705.cfm?vid=75 2008-06-25 07:46:16.0
INSEAD professors Stewart Black and Hal Gregersen take a fresh approach in their book ‘It Starts With One’, believing that an organisation changes only as fast and as far as the front-line individuals implementing that change. Therefore, they need to be considered first, in the change paradigm.

]]> http://knowledge.insead.edu/LeadershipResearchGlobal080707.cfm 2008-06-25 07:46:16.0 Most leadership research around the world is based on US-centric models, be it US companies or American leaders. This is because the US is where most academic developments have taken place in this field over the last couple of decades. “But the world has moved on and we need to ensure a much more representative description and understanding of leadership,” Escallon told INSEAD Knowledge.
]]> http://knowledge.insead.edu/DiversityIsNotDiversity080706.cfm?vid=77 2008-06-25 07:46:16.0 ]]> http://knowledge.insead.edu/DoubleBindFemaleLeader080708.cfm?vid=76 2008-06-25 07:46:16.0 ]]> http://knowledge.insead.edu/MaryRobinson080702.cfm 2008-06-25 07:46:16.0 ]]> http://knowledge.insead.edu/ToBeASuccessfulEntrepreneur080710.cfm 2008-06-25 07:46:16.0 ]]> http://knowledge.insead.edu/RaiseCapital080709.cfm 2008-06-25 07:46:16.0 ]]> http://knowledge.insead.edu/UncertaintyStartUp080703.cfm 2008-06-25 07:46:16.0 ]]> http://knowledge.insead.edu/TheUnrealEstate080701.cfm 2008-06-25 07:46:16.0
In her book Prosperity Unbound: Building Property Markets With Trust, INSEAD alumna Elena Panaritis presents a holistic approach to combating this lack of formal rights, arguing that a new thinking process, combined with successful diagnosis and determination for change, could transform society. She says informality has arisen because of the mismatch between institutions, organisations and society’s demands.
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Burdened by the passivity and pessimism of the generation who would be future leaders, Gebert’s vision for Das macht Schule is to motivate young people to take charge of their lives, be proactive and become responsible, caring citizens.
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“Today with the benefit of seven years of data, we have concrete, hard data to support the statement that technology does in fact make a country more competitive,” says Soumitra Dutta, the Roland Berger Chaired Professor in Business and Technology at INSEAD, who co-authored the report which is published by the World Economic Forum. ]]> http://knowledge.insead.edu/CrisisCommunications080609.cfm?vid=54 2008-06-25 07:40:40.0
jobs in Europe, including 1,700 in France”, on January 10, 2001, Danone -- France’s national ‘champion’ and one of Europe’s biggest food and beverage firms -- faced a major crisis. The announcement led to public and political protests, and a massive boycott of Danone’s products. Mark Hunter, INSEAD Adjunct Professor and a former investigative journalist, says “suddenly Danone, the most respected company in France, found themselves facing not only a social (or labour) crisis but also a societal crisis, unlike any other … We think they underestimated the extent of the forces that were facing them … and the impact of certain stakeholder groups on the outcome of the crisis.”

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billion.

Indian Railways is one of INSEAD’s biggest executive education clients, and the Minister visited the school’s Asia campus as part of his tour of Singapore and Malaysia. During his visit to INSEAD, he told a gathering of MBA participants, alumni and executives about his strategy for bringing the rail network into the 21st century.
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“I would say even though the term today is not very popular, love the country and love the culture in which you are in. And try to learn about its strengths, don’t focus on the weaknesses, and make sure that all the people you are transferring with you are of the same opinion.”
]]> http://knowledge.insead.edu/ILSCEOVerwaayenBT080502.cfm?vid=44 2008-05-08 05:04:38.0
Business has to play a focal role in sustainability, he says, adding it’s in the interest of businesses to take the issue seriously.
]]> http://knowledge.insead.edu/ILSSustainabilityHCL080503.cfm?vid=43 2008-05-08 05:01:06.0
“Indian businessmen are global businessmen - they are not isolated in India,” he says. “And the entire economy is global so you just can’t say the economy is isolated.”

]]> http://knowledge.insead.edu/ILSResponsibleLeaders080504.cfm 2008-05-08 04:56:41.0 http://knowledge.insead.edu/ILSInnovationPhilips080505.cfm?vid=42 2008-05-08 04:53:00.0
“Developing countries are a fantastic source of opportunities for companies,” says Kux, who is a member of the electronics giant’s group management committee.

]]> http://knowledge.insead.edu/ILSScarcityAndInnovation080510.cfm 2008-05-08 04:50:27.0 Engaging with Africa: Can business leaders afford to ignore this continent? 2008-05-08 04:47:19.0 http://knowledge.insead.edu/ILSNigerianParadox080507.cfm?vid=41 2008-05-08 04:44:49.0 http://knowledge.insead.edu/ILSAfricaCaseForInvestment080508.cfm?vid=40 2008-05-08 04:39:40.0
Simon Harford, West Africa head for private equity group Actis and INSEAD alumnus (‘94D) says “virtually any business that can talk to the consumer base of Africa is already growing at remarkable rates, 30 to 60 per cent year on year.”
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After the success of his initial loan, Yunus saw that such a small amount of money could change the lives of the people and thought why not do more? Since then, small collateral-free loans known as microcredit have been provided to 100 million people across all continents. With 94 per cent of the world’s income going to just 40 per cent of the population, Yunus decided it was time to do something for the remaining 60 per cent. Commercial banks did not provide such loans to the poor and women only accounted for one per cent of borrowers in Bangladesh at the time.
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From the buyer’s point of view, says INSEAD Associate Professor of Strategy Laurence Capron, the discount reflects a presumed higher risk associated with the value of private assets due to a lack of information about the target firms, their lack of liquidity and their lack of visibility. From the seller’s point of view, the discount can reflect naivety, a lack of financial advice and the choice of a preferred buyer rather than the highest bidder.

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“This is not only a fun question but it is of great practical value,” says INSEAD Assistant Professor of Finance Lily Fang, who hosted a Women and Money forum at INSEAD recently. Some studies suggest that women are better investors than men. Dig a little deeper and the picture isn’t so clear.


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Their theory was that physical activity would improve the quality of life of those aged 75 and above, and help them lead independent lives. So they developed gentle exercises that could be performed while being seated.

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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’. ]]> http://knowledge.insead.edu/ebsarcelormittallighteningup080305.cfm?vid=22 2008-03-27 05:09:27.0 http://knowledge.insead.edu/EBSAlstomCleanPower080304.cfm?vid=21 2008-03-27 05:07:32.0
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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. ]]> http://knowledge.insead.edu/SocieteGenerale080202.cfm?vid=18 2008-03-04 11:46:49.0 http://knowledge.insead.edu/winningwithvalue080203.cfm?vid=19 2008-03-04 11:46:17.0
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. ]]> http://knowledge.insead.edu/valuecreation080103.cfm?vid=20 2008-03-04 11:45:41.0
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. ]]> http://knowledge.insead.edu/politicalrisk080204.cfm 2008-03-04 11:45:21.0 http://knowledge.insead.edu/islamicmicrofinance080205.cfm 2008-03-04 11:45:00.0 http://knowledge.insead.edu/impactofageing080206.cfm 2008-03-04 11:44:47.0 http://knowledge.insead.edu/faststrategy080101.cfm?vid=16 2008-03-04 11:43:50.0
"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." ]]> http://knowledge.insead.edu/AWorldinCrisis080107.cfm 2008-03-04 11:43:14.0
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." ]]> http://knowledge.insead.edu/celerant080102.cfm 2008-03-04 11:42:36.0
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. ]]> http://knowledge.insead.edu/csrresponse080104.cfm 2008-03-04 11:41:53.0
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. ]]> http://knowledge.insead.edu/TeamDiversity080106.cfm 2008-03-04 11:41:04.0 http://knowledge.insead.edu/aljazeera080105.cfm?vid=15 2008-03-04 11:38:45.0 http://knowledge.insead.edu/Leaderoncouch.cfm?vid=12 2007-12-21 11:11:20.0
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.”
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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.
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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.

]]> http://knowledge.insead.edu/AOLEurope.cfm 2007-12-21 11:09:03.0 ]]> http://knowledge.insead.edu/Banyantree.cfm?vid=13 2007-12-21 11:07:58.0
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.
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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."
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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.
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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. ]]> http://knowledge.insead.edu/contents/ILSAenvironment.cfm 2007-11-13 14:30:34.0 http://knowledge.insead.edu/contents/GlobalbrandElfrink.cfm 2007-11-13 14:29:34.0
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. ]]> http://knowledge.insead.edu/contents/ILSAbranding.cfm 2007-11-13 14:28:36.0
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? ]]> http://knowledge.insead.edu/contents/CEOviewGraceVine.cfm 2007-11-13 14:26:59.0
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.’ ]]> http://knowledge.insead.edu/contents/FrankBrown.cfm 2007-10-25 15:44:48.0 http://knowledge.insead.edu/contents/Randy.cfm 2007-10-25 15:40:49.0
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. ]]> http://knowledge.insead.edu/contents/philparker.cfm 2007-10-25 15:38:18.0 Method and Apparatus for Automated Authoring and Marketing, 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. ]]> http://knowledge.insead.edu/contents/Starwood.cfm 2007-10-25 15:37:30.0
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. ]]> http://knowledge.insead.edu/contents/BrendanMay.cfm 2007-10-25 15:36:57.0 http://knowledge.insead.edu/contents/ChemReport.cfm 2007-10-25 15:36:06.0 http://knowledge.insead.edu/contents/Katona.cfm 2007-10-25 15:21:45.0 http://knowledge.insead.edu/contents/BOS.cfm 2007-09-27 10:48:43.0 http://knowledge.insead.edu/contents/Doz.cfm 2007-09-27 10:43:26.0 http://knowledge.insead.edu/contents/stahl.cfm 2007-09-27 10:42:36.0 http://knowledge.insead.edu/contents/Mullen.cfm 2007-09-27 10:41:11.0 http://knowledge.insead.edu/contents/healthwomen.cfm 2007-09-27 10:38:59.0 http://knowledge.insead.edu/contents/Ener.cfm 2007-09-27 10:37:55.0 http://knowledge.insead.edu/contents/Fed.cfm 2007-09-24 09:45:03.0 http://knowledge.insead.edu/contents/Bresman.cfm 2007-08-23 12:36:46.0 http://knowledge.insead.edu/contents/Wertenbroch.cfm 2007-08-23 12:36:03.0 http://knowledge.insead.edu/contents/Fernandes.cfm 2007-08-23 12:35:16.0 http://knowledge.insead.edu/contents/Rice.cfm 2007-08-23 12:34:26.0 http://knowledge.insead.edu/contents/healthcare2020.cfm 2007-08-23 12:33:40.0 http://knowledge.insead.edu/contents/ILSCase.cfm 2007-07-13 05:19:28.0 http://knowledge.insead.edu/contents/ILSeconomy.cfm 2007-07-12 05:19:28.0 http://knowledge.insead.edu/contents/ILSenergy.cfm 2007-07-11 05:19:28.0 http://knowledge.insead.edu/contents/ILSsustainability.cfm 2007-07-10 05:19:28.0 http://knowledge.insead.edu/contents/ILSEurope2020.cfm 2007-07-09 05:19:28.0 http://knowledge.insead.edu/contents/ILScompetition.cfm 2007-07-09 04:19:28.0 http://knowledge.insead.edu/contents/contents/williamson.cfm 2007-06-28 05:19:28.0 http://knowledge.insead.edu/contents/jake.cfm 2007-06-28 05:19:28.0 http://knowledge.insead.edu/contents/Gaba.cfm 2007-06-28 05:19:28.0 http://knowledge.insead.edu/contents/hellmut.cfm 2007-06-28 05:19:28.0 http://knowledge.insead.edu/contents/contents/Morten.cfm 2007-06-28 05:19:28.0 http://knowledge.insead.edu/contents/herbold.cfm 2007-05-26 05:19:28.0 http://knowledge.insead.edu/contents/walter.cfm 2007-05-26 04:19:28.0 http://knowledge.insead.edu/contents/chandon.cfm 2007-05-25 05:19:28.0 http://knowledge.insead.edu/contents/gabriel.cfm 2007-05-24 05:19:28.0 http://knowledge.insead.edu/contents/paddy.cfm 2007-05-23 05:19:28.0 http://knowledge.insead.edu/contents/mahboob.cfm 2007-05-22 05:19:28.0 http://knowledge.insead.edu/contents/Soumitra2.cfm 2007-04-20 05:19:28.0 http://knowledge.insead.edu/contents/Falcao.cfm 2007-04-19 05:19:28.0 http://knowledge.insead.edu/contents/Black.cfm 2007-04-18 05:19:28.0 http://knowledge.insead.edu/contents/Witt.cfm 2007-04-17 05:19:28.0 http://knowledge.insead.edu/contents/White.cfm 2007-04-16 05:19:28.0 http://knowledge.insead.edu/contents/HuyZott.cfm 2007-04-13 05:19:28.0 http://knowledge.insead.edu/contents/Turner.cfm 2007-03-23 05:19:28.0 http://knowledge.insead.edu/contents/Ibarra.cfm 2007-03-22 05:19:28.0 http://knowledge.insead.edu/contents/Soumitra.cfm 2007-03-21 05:19:28.0 http://knowledge.insead.edu/contents/Amitava.cfm 2007-03-20 05:19:28.0 http://knowledge.insead.edu/contents/Demers.cfm 2007-03-19 05:19:28.0