How Countries Compete is a political and economic strategic analysis of 11 different countries around the world. The book is divided into 12 new chapters, which deal with one country per chapter. Japan is dealt with twice, looking at it from a historical perspective at the beginning of the book, and then looking more towards the future and there after the pre 1990 crisis. Richard Vietor uses the word “compete” in the sense that countries try to compete for market share in the world economy and gain foreign investment and export their sales in business. Governments can help in this policy, either by macroeconomic policies that encourage investment and greater economic activity, or by things like increasing human resource competencies through education. Some countries have very active and direct policies. In China, for example, technology transfer and know-how has been encouraged through the use of FDI. In Singapore, workers are required to save as much as 50% of their gross income for their retirement plan.
Tom Enders is the CEO of EADS, the parent company of Airbus, the giant commercial aircraft company. EADS is a pan European corporation that employs over 140 000 people and generated revenues of nearly €57 billion last year. In the second part of this three-fold interview, Tom Enders talks about strategic execution at Airbus and EADS, how politics can influence strategic plans and the relationship between Airbus and Boeing.
In May, I had the opportunity to interview Tom Enders, CEO of EADS. The company is often better known for its Airbus division. EADS is a pan-European corporation that employs over 140 000 people and generated revenues of nearly €57 billion last year. It is a fascinating company for many reasons; its governance with diverse political interests, the strategic importance of the aeronautical industry and the very international structure of the organization. I am very grateful to Tom Enders and his team at EADS for a very open discussion I had.
In this three part interview, German-born Enders talks about the day to day challenges of running such a complex company, how strategy can be hampered by politics and gives some advice to young graduates beginning their careers. Continue reading
Filed under Airlines, Asia, Business, Business Schools, China, Corporate strategy, France, Leadership, Management, Paris Air Show, Strategy
Dong-Sung Cho, Professor of Strategy, International Business, Management Design, and Sustainability Management at Seoul National University, gave a lecture at the EFMD 2013 Conference titled “Efficiency and Creativity: the Impact of Management Education upon Business and Economy in Asia.” This lecture discussed themes of management education, particularly through creative channels, and their influence upon the economies in the Asian markets, especially South Korea and China.
Filed under Asia, Business, Business Schools, China, Education, Higher Education, Management, MBA, Research, Seoul, South Korea, Strategy
The financial crisis has led to a whole range of institutions and ideas being brought into question. One of them is the research university. In a 2011 Global Focus article, Kai Peters and Howard Thomas argued that the current model of universities is unsustainable. Effectively, universities spend too much to doing things that are not resource producing. At the recent AACSB ICAM Annual Conference 2013, Ted Synder, Dean at Yale University, reiterated this view. Western universities are effectively pricing themselves out of the market, he claimed. This book is a counter argument to such claims. Continue reading
Does good education lead to low birth rates? If you are a young, thirty-something, childless couple, you will have probably spent a lot of Christmas fending off questions about the arrival of ‘the first little one.’ This can be very irritating. If you are a South Korean couple these questions may have been particularly annoying. Birth rates have fallen to an all-time low. A recent article says that the quality of their higher education is to blame.
Pascal Masapollo, a graduate management student from Grenoble EM, talks about his experience at City University of Hong Kong.
Hong Kong is a city where all your dream become reality ! It is not just about buildings and noodles but also about amazing landscapes, people, and cultural experiences ! The City University of Hong Kong offers amazing facilities (even a swimming pool!). Everything is made so that you can enjoy your time like never before… So you’d better not forget your camera !!
Text and photo by Pascal Masapollo
Filed under Asia, Business Schools, China, Culture, Education, Exchange study programs, Higher Education, Intercultural, International studies, Internships, Management, MBA, Strategy, Study Abroad, Travel
Foucauld Watine, a graduate management student from Grenoble EM, talks about his experiences at Sun Yat-Sen Business School.
If you can seize the opportunity of an exchange program – do it! I experienced Guangzhou but I am not sure everybody enjoys this city. I am far from saying it’s beautiful, no, but it’s highly instructive. Guangdong Capital, located on the shores of the Pearl River delta, is the cradle of world´ manufacturing. Therefore this place grabs attention of anybody who wants to benefit from its infinite supply capacities. The fascinatingly complex Chinese culture is mixed with Cantonese culture but it doesn’t get the things more difficult than anywhere else in China – it hardly can!
Photos and text by Foucauld Watine
Filed under Asia, Business Schools, Careers, China, Countries, Education, Exchange study programs, Higher Education, Intercultural, International studies, Internships, MBA, Study Abroad, Travel