INSEAD

Displaying 1-40 of 329 results

  • White Papers // Mar 2011

    Endogenous Overconfidence In Managerial Forecasts

    The authors examine whether attribution bias that leads managers who have experienced short-terni forecasting success to become overconfident in their ability to forecast future earnings. Iniportantly. this fonn of overconfidence is endogenous and dynamic. They also exaniine the effect of this cognitive bias on the managerial credibility. Consistent with the...

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  • White Papers // Mar 2011

    Always Cola, Rarely Essential Medicines: Comparing Medicine And Consumer Product Supply Chains In The Developing World (Revision 1)

    The World Health Organization estimates that almost a third of the world's population still lacks access to essential medicines. The distribution network for medicines is ineffective and inefficient in many developing countries. Discussions often centre on why the medicines supply chain cannot replicate the supply chain for consumer products and...

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  • White Papers // Mar 2011

    Blockbusting: Brokers And The Dynamics Of Segregation

    This paper shows that information plays a key role iii the coordination of white households' forward-looking expectations to leave an area in response to the entry of minority households. First, from the 1940s to the 1970s, real estate brokers earned substantial commission fees during white flight to the suburbs. Real...

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  • White Papers // Mar 2011

    Bank Corporate Governance, Beyond The Global Banking Crisis

    Following up on the publication of the Walker Report (2009) in the United Kingdom, international organizations such as the Basel Committee (2010), the OECD (2010), and the European Union (2010) have proposed guidelines to improve bank corporate governance and, more specifically, risk governance. These international reports vary widely on what...

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  • White Papers // Mar 2011

    Estimating Perceptions Of Discrimination: Experimental Economics In Schools

    The authors put forward a new experimental economics design with monetary incentives to estimate people's perceptions of discrimination in a variety of contexts. They apply the design to estimate students' perceptions of teachers: Students were given an endowment to bet on their own performance on a written verbal test, either...

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  • White Papers // Feb 2011

    Identity Workspaces For Leadership Development

    Profound changes in individuals' relationship with their employers and expectations for their work lives have generated an increasing demand for leadership development, while at the same time exposing the limitations of traditional leadership programs focused on the acquisition of conceptual knowledge and requisite skills. This paper explores how conceptualizing leadership...

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  • White Papers // Feb 2011

    Partnering With Competitors - Effects Of Alliances On Airline Entry And Capacity Decisions

    The formation of an airline alliance is one of the most important and difficult decisions that has to be made by airline management. In particular, domestic airline alliances have always caused controversy due to the possibility of attenuating the competition, which has been a key concern of policy makers. Before...

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  • White Papers // Feb 2011

    Do Maximizers Predict Better Than Satisficers?

    The authors examined the relationship between maximizing (i.e. seeking the best) versus satisficing (i.e. seeking the good enough) tendencies and forecasting ability in a real-world prediction task: forecasting the outcomes of the 2010 FIFA World Cup. In Studies 1 and 2, participants gave probabilistic forecasts for the outcomes of the...

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  • White Papers // Feb 2011

    Emotional Intelligence And Leadership Effectiveness: The Mediating Influence Of Collaborative Behaviors

    Leadership effectiveness can be divided into two broad categories that include getting along behaviors (teamwork and empowerment of others) and/or getting ahead behaviors (visioning. energizing. designing and rewarding). This paper examines the effects of emotional intelligence on getting along and getting ahead leadership behaviors at work. Results from an analysis...

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  • White Papers // Jan 2011

    Understanding The Role Of Language In Management Forecast Press Releases

    Using a sample of 2,254 voluntarily-provided "Unbundled" management earnings forecast press releases; the authors investigate the role of linguistic sentiment and linguistic certainty in pricing. They provide evidence that sentiment in the forecast setting is directionally consistent with the simultaneously issued hard earnings forecast and plays a significantly greater role...

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  • White Papers // Jan 2011

    Leadership And Judgment: Why Leaders Know More Than They Think

    The author woke up early one morning in the summer of 2010. This was noteworthy; left to myself, the author would have woken up a few hours later, his head would have been happier and his stomach would not have rejected the coffee inflicted on it. After the involuntary spasms...

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  • White Papers // Jan 2011

    The Impact Of New Product Introduction On Plant Productivity In The North American Automotive Industry

    Using 7 years of plant-level data for the North-American automotive industry, the authors empirically study productivity losses during new product launches. Using propensity scoring, they estimate an average productivity drop of 20% during the year of a new product launch, and they find that the manufacturers do not seem to...

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  • White Papers // Jan 2011

    Content Contributor Management And Network Effects In A UGC Environment

    The success of any User-Generated Content (UGC) website depends crucially on its asset of content contributors. How firms should invest in the acquisition and retention of content contributors represents a novel question that is particularly important for these websites. The authors develop a Vector Autoregressive (VAR) model to measure the...

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  • White Papers // Jan 2011

    The Languages Of Strategic Agility: Trapped In Your Jargon Or Lost In Translation?

    At the heart of strategy lie streams, or sequences, of decisions and resource commitments. Such decisions include major strategic moves like internationalization and new market entries or diversification and acquisitions. In most companies, strategic decisions are extensively discussed and debated. They are usually framed, formulated, articulated and deliberated in an...

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  • White Papers // Jan 2011

    When Does The Past Repeat Itself? The Interplay Of Behavior-Prediction Personal And Norms

    In this paper, the authors find that behavior prediction strengthens behavior repetition, making people more likely to do what they normally do, when personal norms regarding engaging in a behavior are weak or not easily accessible. However, when personal norms are strong or made accessible at the time of the...

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  • White Papers // Jan 2011

    Better Selection Or Efficient Contracting?

    By comparing two services outsourcing processes competitive bidding and negotiation the contingencies under which one outsourcing process dominates another. The authors study the selection and contracting process in which one client without sufficient in-house capabilities seeks to outsource the service needs to one service vendor selected from two ex-ante identical...

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  • White Papers // Jan 2011

    Punishing High-status Deviants: The Role Of Transgression Severity And Betrayal

    Evaluations of workplace deviant behavior are often biased by the personal characteristics of both deviants and sanctioners. In this paper, the authors focus on the characteristics of deviants and investigate the conditions under which sanctioners are more lenient towards deviants of high social status than low-status wrongdoers. They experimentally test...

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  • White Papers // Jan 2011

    Advance Selling When Consumers Regret

    The authors characterize the effect of anticipated regret on consumer decisions, firm profits and policies, in an advance selling context where buyers have uncertain valuations. Advance purchases trigger action regret if valuations turn out to be lower than the price paid, whereas delaying purchase may cause inaction regret from missing...

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  • White Papers // Jan 2011

    Dynamic Purchase Decisions Under Regret: Price And Availability

    The authors model a dynamic purchase context in which a consumer is uncertain about the product's valuation. The consumer has two purchase opportunities for the product: forward purchase in period 1 or spot purchase in period 2. Two forms of regret are considered: buyer's regret over the money paid in...

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  • Webcasts // Jan 2011

    Shedding Light: INSEAD Initiatives Seek To Foster Growth, Development In Africa

    Listen to INSEAD faculty, alumni and associates talk, and you realize that Africa is no longer just a story of disease, poverty, misery and humanitarian aid. Or of China's hunger for raw materials and energy, while the Japanese and Koreans buy land in Africa to grow their own food. Today,...

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  • Webcasts // Jan 2011

    The Middle Kingdom: Civilization State Or Nation State?

    China is a conundrum: past, present and possibly the future. Even as it is on course to overshadow the US as the next dominant economic superpower, author Martin Jacques argues that it will never become a Western-style society, but will likely remain highly distinctive.

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  • Webcasts // Jan 2011

    Understanding Markets Key To Globalization

    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. Today, Siemens is still on track with its China strategy, due in no small part to its early entry. The time invested has also helped...

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  • Webcasts // Jan 2011

    Women And The 'Vision Thing'

    Research by INSEAD professor Herminia Ibarra and PhD candidate Otilia Obodaru shows that women leaders are not perceived to be as strong as men when it comes to articulating a vision of the future and translating that vision into a strategic direction for the organization.

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  • Webcasts // Jan 2011

    Maximizing Shareholder Value: An Ethical Responsibility?

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

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  • Webcasts // Jan 2011

    Winning With Value

    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...

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  • Webcasts // Jan 2011

    Meeting The Sustainability Challenge: HCL Technologies

    Corporate India is just as committed as Europe and the United States to sustainability, asserts Vineet Nayar, CEO of HCL Technologies Ltd. "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...

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  • Webcasts // Jan 2011

    CEO View: Wolfgang Prock-Schauer Of India's Jet Airways

    As the aviation industry faces its biggest crisis in recent history because of high fuel prices and the economic slowdown, airlines are forced to do business differently as they seek to trim operating costs ruthlessly to brace themselves for tough times ahead.

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  • Webcasts // Jan 2011

    Sustainability: A Business Opportunity

    By the year 2040, only 15 per cent of the world's population will be living in what are now called developed countries. It's therefore essential for today's business planners to start focusing on the rest of the planet. Fortunately a strategy centered on emerging markets can be both financially profitable...

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  • Webcasts // Jan 2011

    The Dash For Cash: Competing In China's Booming Sportswear Market

    The Olympic flame may have been extinguished at the 2008 Beijing Olympics, but the competition for the spending power of Chinese consumers remains red-hot for sportswear firms Adidas and Puma.

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  • Webcasts // Jan 2011

    It Starts With One: Changing Individuals Changes Organizations

    Small and large businesses have been searching for decades for the holy grail of organizational change: the perfect way to motivate employees to change their old ways for what management deem to be better, new ones.

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  • Webcasts // Jan 2011

    Shell Ceo Van Der Veer: Carbon Dioxide Regulation Necessary To Make The Markets Work

    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...

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  • Webcasts // Jan 2011

    The Future Of Chinese Capitalism

    China's emerging economy is an enormous success story and it's remarkable, say two INSEAD academics, because it's really one big experiment. In this webcast, "The Future Of Chinese Capitalism," Gordon Redding and Michael Witt say that different parts of China are trying different things to find the best formula.

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  • Webcasts // Jan 2011

    Crisis Communications: The Emergence Of Stakeholder Media

    When Le Monde exclaimed in a front-page headline: "Danone prepares to shed 3,000 jobs in Europe, including 1,700 in France", on January 10, 2001, Danone - France's Mark Hunter national 'champion' and one of Europe's biggest food and beverage firms - faced a major crisis. The announcement led to public...

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  • Webcasts // Jan 2011

    The Show Must Go On: Cirque Du Soleil's Recession-Proof Formula

    According to Daniel Lamarre, president and chief executive officer of performance troupe Cirque du Soleil, whose shows still play to sell-out audiences, he is confident that his company will ride out the recession. In the past when there was an economic crisis, people are turning to entertainment because you just...

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  • Webcasts // Jan 2011

    Getting To The Heart Of Social Innovation

    Money is fairly easy to give; you just write a cheque. Talking about marginalization 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."

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  • Webcasts // Jan 2011

    Bridging The Chinese Talent Gap

    Despite making huge economic strides in the last three decades, China is still wanting in the area of human capital. Not enough local talent is being adequately groomed to keep up with the country's growth engine. This is a direct result of Chinese companies not devoting enough time to look...

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  • Webcasts // Jan 2011

    The Momentum Effect: Mobilizing Brainpower For Efficient Growth

    CEOs dream of delivering efficient and sustainable growth - growth that would put serious distance between them and their competitors. Unfortunately, the way most large corporations generate growth is so expensive and inefficient that for most firms, meaningful, market-beating growth has remained just that - a dream.

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  • Webcasts // Jan 2011

    The Transcultural Leader: Carlos Ghosn, CEO Of Renault, Nissan

    The CEO of Renault and Nissan, and the 2008 recipient of the INSEAD Transcultural Leadership Award, Ghosn told INSEAD Knowledge that the fact he had the experience of being raised in different countries - not by choice, but by coincidence because of his family circumstances - had helped him in...

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  • Webcasts // Jan 2011

    Cross-Cultural Negotiations: Avoiding The Pitfalls

    When entering into negotiations, we should always take into account cultural factors such as the educational or religious background of the person sitting across the table, but, says INSEAD professor Horacio Falcao, many people both underestimate and overestimate the cross-cultural aspects.

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  • Webcasts // Jan 2011

    Error Management: A Pre-Emptive Move That Can Reap Long-Term Gains

    Dave Hofmann, Associate Dean and Professor of Organizational Behavior at the University of North Carolina, thinks that error management is underrated, and says that has the effect of hurting the organization where it matters.

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  • White Papers // Jul 2010

    A Passion For Education

    If one build it, they will come - so the mantra goes - and that's exactly what Ng Gim Choo did with the EtonHouse group of schools. And serendipity, as it turned out, would play a key role. After a stint in London where her husband relocated for work, Ng...

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  • White Papers // Jun 2010

    How LG Electronics Reinvented Itself In The US

    It took three attempts in four years for Korean electronics giant LG Electronics (LGE) to launch its brand in the US market in 2002. Five years later, it became the top seller of refrigerators and washing machines, and has since been successfully maintaining its lead in the two home appliance...

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  • White Papers // Jun 2010

    Sustainable Practices: Engaging Consumers And Suppliers

    Coca-Cola Enterprises (CCE) is one firm that knows very well that its environmental and economic impact extends well beyond its factory gates. This starts with the ingredients it needs for its products to the natural resources required to make the packaging, "extending all the way to the people who buy...

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  • White Papers // Apr 2010

    Agency In Action: Entrepreneurs' Networking Style And Initiation Of Economic Exchange

    This multi-method study investigates the effects of entrepreneurs' interpersonal networking style on the initiation of inter organizational exchange ties. This study makes a theoretical contribution by identifying decision makers' networking style as a distinct mechanism shaping partner selection for their organization. Specifically, the study shows entrepreneurs using more network deepening...

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  • White Papers // Feb 2010

    A Matching Theory Of Entrepreneurs' Tie Formation Intentions And Initiation Of Economic Exchange

    This study advances our understanding of network dynamics by applying matching theory to examine entrepreneurs' intentions to add new ties to their personal network. The author propose that task complementarity and social similarity are important matching criteria that influence entrepreneurs' interpersonal tie formation intentions, and test whether good matches increase...

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  • White Papers // Mar 2010

    Scaling Social Innovations: The Case of Gram Vikas

    The purpose of this paper is to better understand the process of innovation transfer between social sector organizations, an area that is at the nexus of research on social entrepreneurship, scaling, and knowledge transfer. The authors are guided by the primary research question: How are social innovations transferred to other...

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  • White Papers // Jan 2010

    Putting Leaders On The Couch

    When 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. A clinical professor of leadership development, Kets de Vries says "the autocratic leadership style doesn't work so well any more in...

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  • White Papers // Jan 2010

    The Global Business Leader

    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 little more than LINOs - Leaders In Name Only. "A lot of people talk about leadership and not that...

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  • White Papers // Jan 2010

    Building Global Brands In Asia

    Look closely at the top 100 Global Brands, according to Interbrand and BusinessWeek, and one will see many European and North American favorites that have given great products or services over many years. What one won't see on that list are many Asian firms, apart from some notable companies in...

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  • White Papers // Jan 2010

    Advertising On The Web: How Content Affects The Buying And Selling Of Ad Links

    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 points on advertising on the World Wide Web. "The...

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  • White Papers // Dec 2009

    A New World Order: The Rise Of China And The Decline Of The West

    Author think that part of the present crisis actually, the origins of it lie in the inability of the United States any longer to be able to sustain and underwrite the international economic system of which it is the architect and patron. That is a deep problem. The indebtedness means...

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  • White Papers // Sep 2009

    On Adam Smith, Gordon Gecko And Controls On Self-Interest

    Maybe it's due to technology, maybe the global economy or maybe the revelations about corporate behaviour as one company after another, melting down and asking for taxpayer aid, laid bare the truth behind their balance sheets. Layman and businessman alike have come to realise that the old taboos surrounding ways...

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  • White Papers // Jan 2010

    Unveiling Latin America's Economic Success

    A lot of attention has been focused on the remarkable economic success of China, India and other Asian countries. So much so that the rise of Latin American companies as major players on the international economic scene has almost gone unnoticed." Latin American companies have fallen through the cracks," says...

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  • White Papers // Jan 2010

    Banks In Asia May Weather Global Financial Crisis

    Banks operating in Asia should come out of the global financial crisis relatively unscathed compared to their counterparts in the US and Europe, given their more conservative lending activities and stronger balance sheets, bankers and financial experts said at a recent Bloomberg Leadership Forum held in Singapore. While banks in...

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  • White Papers // Jan 2010

    We Should Heed The Lessons Of The Collapse Of The ?Golden Age?: A Personal View

    It seemed like it was never going to end - the rise of the economy, the increased prosperity, the bull stock market. Forbes magazine said it would be 'recognized as a golden age of American industry." This was in the summer of 1929, but then the US economy collapsed. From...

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  • White Papers // May 2009

    'Great Wall' Stands In The Way Of China's Economic Ascent

    "It's actually ironic that Western economies and policymakers probably know the lessons of the Great Depression and the need for fast policy action better than anyone else, but so far the only government that has (taken) aggressive action (has been) the government of China that announced the fiscal package ?...

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  • White Papers // Jan 2010

    Re-Skilling Europe For The New Global Knowledge Economy

    Europe today is suffering from a skills shortage, made even worse by the economic crisis. Over the past decade, many business leaders have stressed that Europe is simply not producing, attracting, or retaining sufficient numbers of scientists, engineers and IT specialists to meet the requirements of its industries, and the...

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  • White Papers // Jan 2010

    Global Outlook: Big Spenders And Penny-Pinchers

    In the US, extravagance is a normal way of life. In China, it is a sin. Such contrasting consumer psyche between the two economies needs to be evened out before a sustained recovery of the post-bubble global economy can be achieved in the longer run, says Stephen Roach, chairman of...

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  • White Papers // Oct 2009

    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. In fact, Worn Again, which makes bags, outerwear and accessories from decommissioned uniforms from the high-speed passenger railway, Eurostar,...

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  • White Papers // Jun 2010

    Global Airline Traffic Back To Pre-Recession Levels But Risks Remain

    IATA expects airlines to post global profits of $2.5 billion in 2010, a major improvement compared with IATA's previous forecast released in March of a $2.8 billion loss. Bisignani attributes this to the global economy recovering from the financial crisis much faster than anticipated. However, he adds that a major...

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  • White Papers // Jun 2010

    ?Intoxicated? Institutional Investors: How The Financial Crisis Infected The Real Economy

    One of the least understood aspects of the financial crisis is how it spread from the financial sector to the general economy, where it nearly caused a global financial meltdown. "one could look at the onset of the crisis as a shock to the liquidity of one market sector -...

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  • White Papers // Jun 2010

    Doing It The Chinese Way: Disney's Strategy For A Lucrative Ride In China

    As trite as the phrase 'think global, act local' may be, it nevertheless encapsulates The Walt Disney Company's approach to making a success of its business in China. To that end, producing content that has a cultural and emotional resonance with Chinese consumers is crucial, says Stanley Cheung, Disney's managing...

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  • White Papers // Jun 2010

    Building By Design: How China Develops The Developing World

    Chinese contractors and design firms have become major players internationally. In construction, one of the world's most important industries at over 10 per cent of global GDP, China accounts for one-sixth of all activity. Most of China's contracted projects have been where improvement is needed most: in the developing world,...

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  • White Papers // Jun 2010

    Transition To The Future: Mining And Mineral Processing In China

    China's mining and mineral processing sector has for years been one of the most significant markets for the world's technology leaders. Increasingly, however, the tables are turning. Innovations within China compel more exports of its mining and processing technology globally. In the process, China is regaining its lost position as...

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  • White Papers // Jun 2010

    Upstart: China's Emergence In Technology And Innovation

    It can easily appear as if China can make anything. Yet it makes goods not only at low cost, but now also of high quality, and this constitutes a particularly Chinese brand of innovation that enables China increasingly to shake up global markets. The success of the likes of Huawei...

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  • White Papers // Jun 2010

    China's quiet confidence

    China's premier, Wen Jiabao, has said that 2010 will be a very difficult year for the country's economy, yet in Q1 its performance was remarkable. China's gross domestic product (GDP) grew by 11.9 per cent in Q1 2010, outstripping the 8.7 per cent annual GDP growth achieved in 2009 and...

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  • White Papers // Jun 2010

    China's Media Come Of Age Amid State Controls

    China's media are no longer an instrument of the state, says Hu Shuli, a Chinese journalist."I don't think the media in China now are still an instrument of the state. I think the media today are very diversified," says Hu, a speaker at the Reporting New Realities media conference held...

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  • White Papers // May 2010

    Businesses Increasingly Face Water Risks

    The world will face a 40 per cent shortfall in water supplies by 2030. The good news is that if one are smart, one can meet the challenge successfully. But this can only happen through co-operation between industry, governments, non-governmental organisations (NGOs) and communities, SABMiller's head of sustainable development, Andy...

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  • White Papers // May 2010

    Just A Pretty Face(Book)? Social Media Tries To Come Of Age

    Emails are old hat; SMSs passes. Tweeting, blogging, and posting on "walls" are no longer the domain of the under-30s. They have become a staple of the way most people in the world communicate today, of the way Fortune 100 companies reach out to customers old and new. Social media...

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  • White Papers // Dec 2009

    Leadership Today: Less Charisma, More Consensus

    When people think of words to describe good leadership, 'charisma' usually comes somewhere near the top of the list. After all, all the good ideas in the world won't get anywhere if speaker aren't compelling enough to get people to listen to leader. But not all successful CEOs are charismatic...

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  • White Papers // Jan 2010

    Taking Leadership Research Global

    The objective of the paper was to promote rigorous and relevant research on leadership-broadly defined as influencing people to contribute willingly to the good of the collective, as well as coordinating and guiding the collective to achieve its goals- and to develop a sense of community among leading scholars coming...

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  • White Papers // Jun 2009

    Debunking Myths About Entrepreneurs

    Successful entrepreneurs are a rare breed because they face a myriad of obstacles. But one fundamental flaw in the system makes it even harder for entrepreneurs to realise their dream. Entrepreneurs have the hunger for creating businesses, but also a strong need to be flexible and in control of their...

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  • White Papers // Jun 2009

    Think Big, Start Small And Move Fast

    One of the lessons the author learned from First Tuesday was that many entrepreneurs wanted to bypass venture capitalists. Often, the most attractive investors were other, successful entrepreneurs. Hence Ariadne Capital - which she founded in 2000 as a way to pool the capital and experience of successful entrepreneurs who...

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  • White Papers // Jan 2010

    Porsche Also Makes Great Cars, Remember?

    The global automobile industry is in a shambles, with a share in Ford Motor Company selling for less than a Starbucks latte, and GM and Chrysler fighting for their survival. Somewhere in all this chaos the Porsche family has managed to create two highly-profitable automobile firms that are the world...

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  • White Papers // May 2009

    Family Conflict: Trial By Jury

    In the paper, 'Court orders liquidation for city warehouse firm' the newspaper reported that a Ramsey County District Court judge had ruled that Space Center Inc should be placed in receivership and sold to "resolve a long, bitter dispute among members of a family who control the St Paul warehouse...

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  • White Papers // Jan 2010

    Call Me Anything Except Junior

    There is a powerful scene in the film that captures the emotional challenges that next generation family members, especially eldest sons, face under the shadow of their powerful and successful parents. When the young George W Bush is introduced by a friend to his future spouse Laura as George Bush...

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  • White Papers // Jan 2010

    Creative Entrepreneurs Can Survive The Crisis

    Creative entrepreneurs can weather the current global economic crisis better than traditional businesses, says the author. "It's not the creative entrepreneurs but it's the large companies that are being challenged. Creative companies can survive any condition," Authors said at the recent World Knowledge Forum in Seoul, South Korea. Authors said...

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  • White Papers // Mar 2010

    Explaining Households' Investment Behavior

    Building on a framework of heterogeneous uncertainty across the population, this paper provides a unified theoretical explanation for several salient features of household investment behavior: First, a fraction of households will choose not to participate in the stock market, with poorer households less likely to participate. Second, among the part...

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  • White Papers // Feb 2010

    The World Is Not Small For Everyone: Inequity In Searching For Knowledge In Organizations

    The authors explore why some employees may be at a disadvantage in searching for information in large complex organizations. The "Small world" argument in social network theory emphasizes that people are on an average only a few connections away from the information they seek. However, they argue that such a...

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  • White Papers // Apr 2010

    Post-Transition China

    Economic activity in China, and indeed anywhere in the world, is embedded in, and shaped by, a complex web of societal factors that in their entirety form what is known as a 'Business system'. The objective of this paper is to provide a brief exposition of the main business systems...

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