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This month, our cover story takes a look at family firms:
the various kinds of leadership needed, the intelligence and physical
stamina, and the emotional maturity to know when to let go - featuring
the research of Professor Randel S. Carlock and the collective insights of the Family Business Network.
Coffee lovers (dare we say "snobs?") will know illycaffè.
It is indeed an eponymous firm, and the Illy behind the Trieste-based
brand is third generation Andrea Illy who tells us
about his own family business, his deal with Coca Cola, the next
generation of illycaffè and the secret to a good cup of coffee!
We have not ignored the two major news stories in the world
this year: the uprisings in the Middle East and the horrific set of
natural disasters in Japan. Sami Mahroum offers his observations on the Middle East - why it happened and why it's unlikely to be derailed - while Professor Michael Witt in Singapore and Professor Paul Kleindorfer
in Fontainebleau give their perspectives, respectively, on the likely
impact the earthquake and tsunami in Japan will have on its
economic recovery and the outlook for nuclear energy.
Our first editorial exchange with Tsinghua University in
Beijing takes place in this newsletter, with the adaptation of an
article on the Chinese luxury market by Professor Li Fei and an overall view from INSEAD Assistant Professor Frederic Godart
who says haute couture may create "the look” but it's fast-fashion
copy catters such as Inditex (owner of brands like Zara) that have the
cash.
We hope you will enjoy this edition of INSEAD Knowledge and we welcome your comments.
Best regards,
Shellie Karabell
Editor-in-Chief
INSEAD Knowledge
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Trouble at the family mill? Call in the Chief Emotional Officer
Family-owned companies need to be run with
emotional, as well as professional leadership, experts say. That’s one
area where senior family members often have a crucial role to play.
Knowledge speaks with INSEAD Professor Randel S. Carlock, Olivier de Richoufftz, executive director of the Family Business Network and Deepak Gupta, chairman of the Romav Group of companies.
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The man behind a good cup of coffee
It’s twice the price of store brand coffee, but aficionados
happily pay it. What makes a niche brand of coffee so sustainable?
INSEAD Knowledge meets CEO of illycaffè, Andrea Illy, to find out more about this business model with a difference.
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| Assessing the economic aftershocks |
Rethinking nuclear energy |
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| INSEAD professor Michael Witt
analyses the implications for financial markets, supply chains, Japan’s
national energy security as well as the country’s own political
leadership and economic recovery. |
INSEAD professor Paul Kleindorfer takes stock of the future for nuclear energy and what it means for global diversification away from fossil fuels. |
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Arab youths, revolutions and the rise of the ‘second society’
The patterns of revolutions tend to be similar, focusing on the rise
and fall of their leaders, a plunge into lawlessness, and finally a new
order. Today’s movement in the Arab world is different. Sami Mahroum, Director of INSEAD’s Innovation & Policy Initiative in Abu Dhabi, explains why.
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Gallup polls take stock of the Muslim world
It’s not just the Arab world that is changing; but also people’s perception of the region. Dalia Mogahead, Executive Director of the Gallup Center for Muslim Studies, speaking at INSEAD’s Abu Dhabi campus, explains.
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Real Estate in the UAE: Moving from speculation to solid value?
The UAE finds itself caught between being the centre of
economic opportunity in the Gulf Cooperation Council (GCC) and at the
same time surrounded by the political turmoil in the Middle East. Elaine Jones, CEO of Asteco Property Management, assesses the opportunities and impediments for UAE’s real estate recovery.
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Fast fashion meets luxury labels
Take a stroll down London’s Old Bond Street or Milan’s
Via Montenapoleone and you will see the latest offerings of Chanel and
Gucci. Hop over to Oxford Street or Corso Vittorio Emanuele,
and you will discover the window displays of H&M and Zara are
exhibiting pretty much the same designs. Guess which is flush
with cash? INSEAD Assistant Professor, Frederic Godart, has some surprising predictions as to which way this lucrative market is heading. |
A rekindled romance for luxury in China
Luxury is all about dreams. It represents the best. So says Li Fei,
marketing professor of Tsinghua University, China, in a recent
interview for the Chinese media. He shares his thoughts with INSEAD
Knowledge on the recent boom in this lucrative sector and in a country
which shunned luxury and ostentation for almost all of the last
century. |
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Can playing hardball and playing nice get women what they want?
Men ask. Women traditionally don’t – simply because being “pushy” could
result in negative social consequences, which, for women, tend to be
about as important as the material benefits at stake. Linda Babcock, an economics professor at Carnegie Mellon University explains her latest research, and Peter Hiddema, an INSEAD visiting professor, shows how you can become a better negotiator.
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INSEAD celebrates 100th International Women’s Day
INSEAD marked the occasion with seminars on all three campuses.
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Executive women: Is there a future?
Nearly half a century since Betty Friedan and Gloria
Steinem championed women’s rights, the fairer sex still hasn’t made it
to the executive suite in anything resembling significant numbers. Why?
Dedicated women’s rights activist and family practice lawyer, Anamah Tan, explains.
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Shellie
Karabell
Editor-in-Chief |
Mrinalini
Reddy
Web Editor |
Bachar Bagh,
Editor,
Knowledge Arabia |
Aileen
Huang
Editor, Knowledge Chinese |
Julian
Boudier
Audio-Visual
Production Manager |
Axel
Tagliavini
Associate Director,
Web |
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Contributors: Cindy Babski | Nicholas Bray | Grace Segran | Zoe McKay |
Lindsay Anne Brown | Jayne Brocklehurst |
Alan Chan (video camera) | Elizabeth Seah (video editing) |
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