December 2008
 
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In this month's newsletter we get the views of INSEAD professors on leadership in a crisis, we find out about a new book on social networking called 'Throwing Sheep in the Boardroom' and we speak to film star and social innovator Jet Li about his China foundation.


Regards,

Stuart Pallister
Editor, INSEAD Knowledge

The sudden collapse of Lehman Brothers and the fall of AIG have not just shaken the financial community to its core, which has sent reverberations worldwide, its leaders have also come under fire.


But there's more to these highly-publicised institutional collapses than meets the eye, according to Subramanian Rangan, Associate Professor of Strategy and Management at INSEAD.

http://knowledge.insead.edu/LeadershipinCrisis081216.cfm?vid=156


The leadership circle

"Leaders get the best out of followers and followers get the best out of leaders," says Manfred Kets De Vries, Clinical Professor of Leadership Development at INSEAD. The connection between leaders and their staff is only one of many circular connections he sees.

http://knowledge.insead.edu/TheLeadershipcircle081215.cfm?vid=157


Turning social networking on its head: where horizontal and vertical networks meet

Social networking sites such as Facebook, MySpace, LinkedIn, Plaxo and Ning are getting a larger than usual following these days, thanks in no small part to the current financial crisis.

http://knowledge.insead.edu/Throwingsheepboardroom081215.cfm?vid=154

 

Related article:

Online social networking and the economic crisis


Maximising shareholder value: an ethical responsibility?

Finance professors often get criticised by ethics professors because they tell their students that the goal of the firm is to maximise shareholder value. Financial scandals such as Enron, Tyco and others are regularly blamed on the excessive focus on shareholder value maximisation.

http://knowledge.insead.edu/Maximisingshareholdervalue081215.cfm?vid=158


Effecting change management: a reality with the LingHe Simulation?

With China's business environment undergoing fast and significant change - partially driven by the introduction of information and communication technologies into business relationships - managers now need to be more effective than ever in implementing change within their organisations.

http://knowledge.insead.edu/Linghechangemanagement081215.cfm?vid=159


Call me anything except Junior

The new Oliver Stone film W explores an important concern for business and wealthy families - how parent-child relationships shape a child's personality development and, specifically, individual drives and motivations. The coming of age drama could be many family businesses where a feckless son struggles to redeem himself by overtaking his preferred younger sibling to succeed his father as head of the family dynasty.

http://knowledge.insead.edu/contents/Randy081206.cfm

Jet Li's world of One

It reads like a script of a traditional Chinese movie: the dutiful son promises his mother at her deathbed to spend his life in the service of the less fortunate. But that was indeed the promise international film star Jet Li made to his dying mother who only managed to utter a sigh when he asked about her final wishes.


http://knowledge.insead.edu/JetLiOneFoundation081215.cfm?vid=153


Getting to the heart of social innovation

Money is fairly easy to give; you just write a cheque. Talking about marginalisation and change is easy too. "The harder thing to do is giving your time and yourself to the cause. And that,” says Pamela Hartigan, “is what is critical to social innovation."

http://knowledge.insead.edu/Gettingtotheheartofsocialinnovation081215.cfm?vid=160


Governments have not done enough to address crisis

Governments around the world have not done enough to address the damaging effects of the global financial crisis triggered by the one-year old subprime credit crisis in the United States, economist Manu Bhaskaran says.

http://knowledge.insead.edu/GovernmentToAddressCrisis081203.cfm?vid=155


Global crisis forces corporations to look beyond quarterly earnings

With the US economy in turmoil, Wal-Mart, the nation's leading retailer boasting more than 144 million customers per week, is taking on a new leadership role. In a country where about one person in three is considered obese and 47 million people are without healthcare, the company is taking a unique stand in educating both its consumers and suppliers.

http://knowledge.insead.edu/GlobalCrisisSustainability081125.cfm

 

Related article:

Financial crisis prompts climate change wake-up call


How much diversity is too much?

For French carmaker Renault, diversity - men and women, young and old, engineers and non-engineers, different nationalities - means increased creativity, imagination and performance. "Whenever we have a problem we cannot solve, we put together a cross-functional team and I am always amazed at the solutions they come up with," says Carlos Ghosn, President and CEO of Renault and Nissan.

http://knowledge.insead.edu/howmuchdiversityistoomuch081201.cfm?vid=45


Transforming risky 'business-as-usual' scenarios into a more sustainable future

Climate change and sustainable development are interlinked problems that pose serious challenges. Although the issues are complex, both problems could be solved together, provided we begin immediately, says Professor Mohan Munasinghe, co-winner of the 2007 Nobel Prize for Peace for scientific contributions related to climate change and sustainable development.

http://knowledge.insead.edu/Transformingriskyscenarios101208.cfm

 

Related article:

Where there is scarcity, there is money to be made


Will India still be a land of opportunity in the face of global economic slowdown?

As the economic downturn takes hold in the United States and Europe, the Indian government is frantically trying to keep its economy from stalling, while trying to calm the nerves of foreign investors following the Mumbai terror attacks.

A general election must be held by May, and the government had been hoping that the nation would be insulated from the problems of the global economy.

http://knowledge.insead.edu/Indiaglobaleconomicslowdown081215.cfm


Social entrepreneurship emerging in India but needs are massive

Social entrepreneurship in India has progressed significantly over the last decade. More and more people are using entrepreneurial skills in building sustainable enterprises for profit and non-profit to effect change in India, says Deval Sanghavi, a former investment banker and now president of Dasra. Based in Mumbai, Dasra is a non-profit organisation which bridges the gap between those investing in social change and those spearheading the changes.

http://knowledge.insead.edu/Indiasocialentrepreneurship081215.cfm

 

Related article:

Incubation support for India's social entrepreneurs


 
« Previous Issues »
Nov 2008 Obama could help US economy recover by mid-2009
Oct 2008 Living with uncertainty (World Knowledge Forum special edition)
Sep 2008 The emergency bailout - heeding the lessons of the Depression
Aug 2008 The future of Chinese capitalism - The changing face of the CIO
Jul 2008 It Starts with One - Successful entrepreneurs
Jun 2008 The Momentum Effect; Global information technology report: Making progress
May 2008 INSEAD Leadership Summit in Europe 2008 (special edition)
Apr 2008 Cross-cultural negotiations; Muhammad Yunus
Mar 2008 Greening the economy: New energy for business (European Business Summit special edition)
Feb 2008 The Experience Trap; Counting the cost
Jan 2008 Fast Strategy: Staying ahead of the game
Dec 2007 Putting leaders on the couch; Creating products for those at the bottom of the pyramid
Nov 2007 INSEAD Leadership Summit in Asia 2007 (special edition)
Oct 2007 The global business leader; Family business on the couch
Sep 2007 In search of blue oceans; The new deal at the top
Aug 2007 X-teams; The money illusion
Jul 2007 INSEAD Leadership Summit in Europe 2007 (special edition)
Jun 2007 Cost innovation and the dragons; The innovation value chain
May 2007 Success, a huge business vulnerability?; Reputational risk management
Apr 2007 Global information technology, the rankings; Closing the deal in negotiations
Mar 2007 Riding rapid economic growth in India and China; Networking is vital for successful managers

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