Gold lures small-scale miners into global market
Victoria Paxi used to live in Lima, the capital of Peru, working in a restaurant or washing clothes to earn about 60 dollars a month, while her husband worked hours away in a mine.
Arcelor Mittal: Lightening up heavy industry
Steel is one of the industrial sectors under intense pressure to cut greenhouse gas emissions. By its very nature, producing steel consumes a lot of energy, which in turn produces a lot of carbon dioxide. But its not as bleak as all that: the steel industry has been trying for decades to find ways to cut CO2 emissions, says Michel Wurth, a member of the management board of ArcelorMittal, the worlds largest steel maker.
The pursuit of value
It’s all too easy, if you have the upper hand in negotiations – whether it be through information asymmetry or generally a more favourable position -- to make full use of a power play in negotiations to get what you want, with the winner taking all and the loser walking away empty-handed, says INSEAD Professor Horacio Falcao. But instead, negotiators should be looking to develop ‘win-win’ strategies that allow all parties to capture some of the value, or at least feel that they were bein
Further consolidation seen in private banking sector
Even as the global economic downturn continues to ease, there will be further consolidation in the private banking industry amid cost-cutting efforts and falling revenues, says Pierre-Francois Baer, SG Private Banking’s CEO for Singapore & South Asia.
In the world of banking, does size matter?
It was bound to happen. After pouring tens of billions of dollars, pounds and euros: as much as 5.5 per cent of the GDP of advanced economies, according to the International Monetary Fund, governments began to revolt. “If a bank is too big to fail, then it is too big,” the governor of the central bank of Belgium told a newspaper at the end of June. If this is true, then what about the corollary: “Small is beautiful?” If bankers’ bonuses are being capped, should the size of their banks
Credit ratings: buyer beware
“Investors tend to take credit ratings at face value and rely on them too heavily.” So says ESSEC Economics Professor Patricia Langohr, who with her father, INSEAD Finance and Banking Professor Herwig Langohr, has written a book called 'The rating agencies and their credit ratings'.
IPOs: Evaluating failure risk
INSEAD Assistant Professor of Accounting and Control Liz Demers says the risk of failure may not be fully priced into new listings as of the offering date.
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 categories with current respective market shares of about 24 per cent.
Harnessing creativity to power up the economy
Creativity is underrated – at least that is what Fredrik Härén, author of The Idea Book believes.
Innovating at the top
With the global economic slowdown, the need for innovation is even greater today. If you're looking to maintain your market share, and perhaps post growth despite the recessionary environment, innovation is key.
The innovation value chain
Innovation isn’t all about great ideas. INSEAD Professor of Entrepreneurship Morten Hansen and visiting professor Julian Birkinshaw argue that companies often fail because they don’t recognise that innovation is a chain that requires strength at every link to succeed.
Alstom: Clean power needed to reduce CO2 emissions
Mankind will keep using fossil fuels to generate electricity for many decades to come, and will need all the help it can get to curb emissions of carbon dioxide, or CO2, that go with burning fossil fuels. That's according to Alstom, a leading manufacturer of power turbines and a company which sells equipment to make coal power stations cleaner and more efficient. It is also developing techniques to capture and store CO2.
The Esperion Story: Biotech Success and Rebirth
The Lundquist Center for Entrepreneurship kicks off its new Distinguished Lecture Series with Dr. Roger Newton, President and CEO of Esperion Therapeutics and co-discoverer of Lipitor, the most prescribed cholesterol-lowering medication in the world. Dr. Newton discusses his ongoing efforts to commercialize cardiovascular treatments and his approach to securing capital and talent under difficult environmental conditions. [...]
Taking the lead
Peter Grauer, the Chairman and CEO of Bloomberg, is a man with a mantra and he repeats it every chance he gets: “We have an aspiration at Bloomberg to become the most influential news organisation in the world.” A glance at the statistics behind the media empire started in 1981 by the eponymous Michael Bloomberg (who, on becoming the 108th Mayor of the City of New York on January 1, 2002, left the running of his company to long-time friend and associate Grauer), shows that the global media c
The leadership diversity puzzle
They say it’s never a bad time to invest in leadership. But is that still true, even during the worst economic downturn since the Great Depression? Unilever, the food and personal care products giant, thinks so and is putting its money where its mouth is.
Intergroup leadership: a unifying force
As the name suggests, intergroup leadership involves a fair amount of interaction among team members. On paper, it may look simple enough, but in reality, it’s a lot harder to put into practice.
Getting back to basics in a world of luxury
As China's middle class expands, does consumption behaviour change? According to Sir David Tang, founder of Shanghai Tang and China Clubs, consumption behaviour doesn’t shift with economic development; it is only perceived to do so.
“I don’t think economic development has ever changed human nature,” says Tang. “China is able now, with a rising middle class, to start thinking about all the bourgeois things, about life of the next-door neighbour. And that’s why, in a way, cons
The brand imperative
“There are only two advantages in life which are proprietary: technology and branding. Since I’m not a technologist, I decided that whatever business I was going to do next had to have a strong brand.”
Having left journalism to join the family business, Ho Kwon Ping, Founder and Executive Chairman of the luxury hotel Banyan Tree Group, realised that his family’s various contract manufacturing companies were stuck in constant competition on the basis of cost alone, an
Enrich your social capital with the right networks
Networking is not all that it’s cracked up to be; in fact it can even be downright harmful, so says Martin Gargiulo, an associate professor of organisational behaviour at INSEAD and expert on social network analysis.
Global careers in academia: following the ideas
Although Wall Street may be feeling battered and bruised from the financial crisis, if you want a career in teaching business, you should still consider heading for the US at some point. That was the consensus view among INSEAD PhD programme graduates taking part in the school’s 20th reunion celebration at its Europe campus.