October 2009
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In this edition, we feature a range of interviews from the INSEAD Healthcare conference held earlier this month in Switzerland and we speak to several of INSEAD's founders. We also find out from author Martin Jacques why he believes China will 'rule the world'.

Finally, INSEAD Knowledge has just won a gold award for podcasting in the W3 web awards. If you'd like to take a look at our podcast/video vault page, go to http://tv.insead.edu. You can also view our videos on an iPhone or iPod touch by going to http://iphone.insead.edu

 

Regards,
Stuart Pallister
Editor, INSEAD Knowledge

Healthcare reform today is being avidly discussed in political, social, medical and business circles around the world. In developing countries, the billions of dollars spent on containing the spread of HIV/AIDS and other pandemic diseases such as TB and malaria, are beginning to show some positive results. In Europe, the cost of government-sponsored healthcare is having a negative impact on GDP, while in the US, the Obama Administration is embarking on the country's most ambitious attempt at providing universal coverage for some 47 million plus people in the country without health insurance.

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Human capital: the challenges facing Asia

While the economic downturn is a key focus for many C-level executives, the need to attract and retain talent remains an important issue, says INSEAD Professor Narayan Pant. This is all the more so in Asia where developing countries such as China and India are helping to drive the world's economic recovery.

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Beating the market with buybacks

Six months ago, INSEAD Professors Urs Peyer and Theo Vermaelen invested in a portfolio of 24 stocks that were expected to beat the market. Their methodology involved buying shares of US-listed companies that announce open market share buyback programmes, and where it appears that the buyback is driven by the fact that the management believes its shares are undervalued.

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Capitalism thrives in virtual world: Second Life gives commerce a second chance

In the beginning, the online virtual world was a place for action video games such as Grand Theft Auto, or hanging out and chatting. Today, says INSEAD Marketing Professor, Miklos Sarvary, it's a very different place. Commerce and capitalism have entered the picture.

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The enduring idea on which INSEAD was founded came from the man considered to be one of the founders of the venture capital industry, Georges Doriot, a French-born, naturalised American who had both studied and taught at Harvard Business School.

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While many are already talking about the notion of a shift in power from West to East, a thought-provoking book by author Martin Jacques called 'When China rules the world' takes this even further by proclaiming that China will not only thrive in the 21st century, but will do so at the expense of the United States.

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Where next for GE?

"Investors love certainty. I just don't think we're going to live in a 'certain' time," says Jeff Immelt, Chairman and CEO of General Electric, commenting candidly on the current business environment and how successful business players need to have a corporate culture and strategic process that is flexible and can adapt quickly.

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A winning combination: sales and marketing

The great divide between sales and marketing has been exacerbated by the recession, and the marketing camp seems to be losing the good fight.

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Tupperware: a party somewhere every two seconds

Say "Tupperware" to anyone over 40 and you conjure up visions of 1950s American housewives gathered together at someone's home for a chance to test and buy airtight, plastic food containers. Passe, right? Wrong.

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Swiss banking secrecy remains intact despite US authorities winning tax battle with UBS

Switzerland's banking industry is firmly against "indiscriminate and unwarranted trawling" through bank accounts to uncover tax frauds, says Urs Roth, CEO of the Swiss Bankers Association.

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How economic excesses of the past are influencing the present

The global economic environment of cheap money in the past two decades has been an aberration, which has led to today's "massive capacity destruction" of natural resources, says Pippa Malmgren, President and Co-founder of the financial services firms the Canonbury Group and Principalis Asset Management.

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Fairtrade coffee farmers battle for survival in Colombia

On the hillsides of Riosucio in the Caldas State of Colombia, 62-year-old Edwardo Antonio is one of over 400 Fairtrade coffee farmers. In the early 1990s, his community of mostly indigenous farmers was given the opportunity to work for themselves and taught how to grow and process world-class coffee sought after by buyers such as Starbucks and Equal Exchange.

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Economic downturn 'opens doors' for recycling business Worn Again

One of the greatest challenges facing social business Worn Again is the widely-held public assumption that any product made from recycled materials must be cheaper than conventional merchandise on the market.

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Sula Vineyards: India's case for wine

When foreign sommeliers come to India, they come with very low expectations. After all, India is better known for its cotton industry than wine production. However that is now changing.

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Understanding markets key to globalisation

Even as some multinationals are still mulling over their China strategy, others like Siemens had been laying the groundwork in China a long time ago.

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Why Gymboree's China strategy is no child's play

As China's star continues to shine, one of the more recent beneficiaries of the country's economic boom is the early childhood development sector.

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Doing business in China: the importance of guanxi

It is virtually impossible to do business in China without some level of guanxi or relationship. The question is: just how much guanxi is needed?

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In high spirits: LVMH sees 'huge potential' of China's traditional liquor market

When Moet Hennessy, the wines and spirits business of leading luxury products group LVMH, acquired a 55 per cent stake in Wenjun Distillery, one of China's premium bai jiu (white spirits) companies, the company raised a few eyebrows because it was doing something it had never, in its illustrious history, done before.

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Managing Partnerships and Strategic Alliances
Fontainebleau,
Dec 6-11

Management Acceleration Programme
Fontainebleau,
Jan 25-Feb 12, 2010

The Family Enterprise Challenge
Singapore,
Jan 25-29, 2010
The Leadership Transition
Fontainebleau,
Feb 15-19 &
May 5-6, 2010
Strategic Management in Banking
Fontainebleau,
Mar 1-12, 2010

« Previous Issues »
Sept 2009 Banking one year after Lehman - INSEAD at 50
Aug 2009 Quest for authenticity - Cash is king - Dark side of trust
July 2009 Road to sustainability - New era for innovations
June 2009 Collaboration, creativity and networking
May 2009 The Illusion of Control: Dance with Chance
Apr 2009 Dare and Care: Sustaining Europe's Ambitions
Mar 2009 US economy recovery 'likely' by year-end; Humanitarian Logistics; Innovation Manual
Feb 2009 Women and the 'vision thing'
Jan 2009 Innovating your way to the top
Dec 2008 Can leadership withstand the ravages of the crisis?
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