Over the past decade China has enjoyed the world's fastest economic growth rate and is playing an increasingly important role in the overall economic growth of Asia.. Since its economic reform in 1991, India has also registered one of the fastest growth rates in the world, and has become an increasingly significant economic presence. The world's two largest emerging economies, China and India, are the key players in the current round of globalization.
China and India have adopted two different development models suitable to their national conditions. While China is strong in manufacturing and hardware infrastructure, India enjoys advantages in the information industry and services. While China has produced global manufacturers such as Haier, Lenovo, and Huawei, world-class corporations that have emerged in India include the Tata Group, Wipro, Mittal, and Infosys. In-depth comparison and analysis of China and India's comparative strengths and future growth trajectories is essential at this early stage in the development of these two countries, at a time when businesses in both markets are eager to work together and learn from each other.
What can these two emerging markets learn from each other? Does the Indian market represent an opportunity or a quagmire for Chinese businesses? Where does the greatest cooperative potential lie? To explore these questions, CKGSB joins hands with INSEAD and CII to launch the China-India CEO Program, a program designed to tackle the most pressing issues facing CEOs in China and India. CKGSB brings in-depth analysis and research on emerging markets; INSEAD brings its renowned reputation for educating the world's senior executives, and CII brings the largest industrial organization in India with more than 6,000 members, including Infosys Technologies, the Tata Group, and Reliance. This three-way alliance of strengths offers Chinese and Indian CEOs an unprecedented learning experience, and an opportunity to forge close friendships while identifying differences, similarities, and sharing experience.
Cheung Kong Graduate School of Business (CKGSB)
Established in 2002 under the auspices of the Li Ka-shing Foundation, CKGSB is a world-class business school that develops top business leaders for China and beyond. Focusing on innovation, ideas, and best practice, CKGSB has assembled a world-class faculty and established absolute advantages in the study of China and emerging markets. CKGSB is leveraging its unique positioning and its faculty-governed structure to achieve the goal set at its founding: to build a global top 10 business schools within 10 years. In 2006, CKGSB took the lead in introducing the humanities directly into its b-school curriculum, where the school actively fosters the development of entrepreneurial "humanity". CKGSB is the member of European Foundation for Management Development (EFMD), an educational and training global organization.
INSEAD
Established in 1957, INSEAD is one of the largest and most influential independent business schools in the world. INSEAD consistently ranks first in Europe, where it has established itself as the region's most prestigious institutions. Strong in all fields of business education, INSEAD places great value on innovation in teaching and partners with the world's most competitive companies in order to make its education and research relevant. INSEAD's global perspective and grasp of diversity contribute to its global leadership in management education and research.
The Confederation of Indian Industry
Founded over 111 years ago, the Confederation of Indian Industry (CII) is India's premier business association. CII is a non-government, not-for-profit organization that is industry-led and industry-managed. CII works to create and sustain an environment conducive to the growth of industry in India, partnering with industry and government alike through advisory and consulting.. A facilitator, CII catalyses change by working closely with government on policy issues, enhancing efficiency, competitiveness, and expanding business opportunities for industry through a range of specialized services and a global network. CII's mandate to achieve "Competitiveness for Sustainable and Inclusive Growth" reflects the Confederation's commitment to balanced development that encompasses all sectors of the economy and all sectors of society.
The program takes a groundbreaking approach focusing on the following themes:
Understand the world's two largest emerging economies and the challenges they face
Both China and India have enjoyed rapid economic growth and established themselves as the world's largest emerging economies. Despite the fact that both have produced world class corporations, a host of challenges remain, including the lack of home-grown global brands, the lack of core technology, limited access to global capital markets, and inadequate infrastructure. The China-India CEO Program will help participants analyze the comparative competitiveness of the two countries, with a focus on challenges and developmental potential. Over the course of the program, students will acquire in-depth understanding of key features underpinning the two economies, identify similarities and differences in the two business environments and their impact on firms, and learn how companies in emerging economies embrace global competition.
Rethink business & leadership within the context of Asian culture
The China-India CEO Program will lead participants on a thought-provoking and intense intellectual journey that forces CEOs to reassess their roles and responsibilities in a forward looking sense. Viewing business through the lens of the Humanities, the Program assembles top experts from around the world to provide a diverse set of countervailing views, including the Dialogue of Civilizations, and Confucian Traditions in East Asian Modernity. CEOs will examine how culture and spiritual foundations, both deeply imbued in East Asian and South Asian Civilizations, have played an important role in the development of modern corporations and economics in China and India. Given the rapid rise of Chinese and Indian companies onto the world scene, participants will further identify, what role, if any, their corporations will play to influence the next wave of "Renaissance" and Enlightenment, and how business leaders from the two largest emerging economies can become true champions for a new wave of globally responsible leaders, promoting business that aligns with the Humanities deeply rooted in Asian values and traditions.
Generate insight into the development strategies of top Indian companies to achieve a dragon-elephant dance
Although China has enjoyed faster economic growth over a longer period of time than India, India is the leader in areas such as the information industry and biotechnology, having already produced world-class corporations. The China-India CEO Program will explore how Chinese companies can draw on the operation and management strategies of top Indian companies to enhance the competitiveness of Chinese companies and identify cooperation opportunities between the two business communities. We will see that the dragon can dance with elephant.
Transform corporations in emerging markets into the world-class enterprises.
The China-India CEO Program is designed to address a set of common challenges faced by corporations in emerging markets. Through in-depth examination of critical business issues and emerging trends, participants will learn what is required of them and their organizations to create and sustain corporate value. Award-winning faculty from CKGSB and INSEAD will present cutting-edge frameworks and breakthrough findings in the areas of competition and collaboration in emerging markets, as well as provide tools to help determine what strategies companies need to deploy in order to become truly global enterprises. What is the sequence of steps, for example, that aspiring giants should take to build stronger businesses at home and to enter markets globally? Peer CEOs from China, India, and beyond will showcase best practices and lessons learned.
Facilitating cross-border cooperation and the development of personal friendships
Participants will examine issues related to government policy, trade barriers, and identify ways to collectively promote bilateral collaboration. In addition, the China-India CEO Program provides a unique environment where participants interact through shared learning and build friendships that will last for lifetimes.
Xiang, Bing (Ph.D., University of Alberta)
Dr. Bing Xiang is a Professor of Accounting and the founding Dean at CKGSB. Prior to joining CKGSB, Dr. Xiang taught at the Hong Kong University of Science and Technology, the China-Europe International Business School (CEIBS) and Peking University. He was one of the first seven core professors in CEIBS. On July 1, 1999, Dr. Xiang joined the Guanghua School of Management, Peking University as a professor and Ph.D.. candidate tutor. There, he set up the Center for EMBA and Executive Education Programs for Guanghua and served as the center director until the end of 2001.
Dr. Xiang was one of nineteen members of the Chinese College Student Delegation to Japan in 1982. He graduated with honors from Xi'an Jiaotong University in 1983. In the following year, he went to Canada to pursue an MBA degree with government sponsorship at University of Alberta, where he earned a Ph.D. in accounting.
Dr. Xiang's academic research interest includes: internal control of modern large enterprises (holding companies/conglomerates), incentives systems, transition and management of SOEs, large family-owned/private firm management, corporate legal person governance structure and management model comparison, management corruption and legal person governance structure, and global strategy for Chinese companies.
In recent years, Dr. Xiang has worked as an active advocate for global perspectives "looking at the earth from the moon" in analyzing opportunities and challenges facing China's economy and Chinese firms. His innovative way of thinking and mastery of trends and best practice has produced a number of disruptive and visionary ideas for Chinese firms to address in globalization. These ideas include CEO corruption and family-owned business systems, limitations of the modern enterprise system, chain-to-chain competition, the theory of four development stages (moving up from good governance to strong competitiveness to global resources integration to strategic acquisition with the lens of the Humanities), Neo-Westernization Strategy and Humanities for entrepreneurs. Dr. Xiang's vision and ideas have triggered heated debates in the business community and will continue to have a significant impact on management practice in China. His work on the reform of China's SOEs and the role of family-owned businesses in East Asia's "Four Tigers" have become reading materials for World Bank executive education programs run by Harvard Business School, Stanford Business School, INSEAD and LESE.
Dr. Xiang is director or independent director on a number of boards of corporations listed in Mainland China and Hong Kong. He is regularly interviewed by major media such as the Far East Economic Review, China Entrepreneur, Global Resources, the South China Morning Post, AFP, and VOA, on topics such as the reform of China's SOEs, development of private business, family-owned business management in Southeast Asia, and management education in China. Dr. Xiang has also delivered keynote presentations and speeches to internationally-renowned bodies such as Institutional Investor/ Euromoney, the British Chamber of Commerce, and the American Chamber of Commerce.
Dr. Xiang has cooperated extensively with Chinese state-owned and private enterprises, as well as with multinationals on internal incentives and control systems, corporate investment and acquisition, corporate global strategy, and executive education. Companies include: Nokia, Ericsson, GE, IBM, Siemens, Schneider Electric, British Aerospace, China Mobile, China Telecom, Huawei, Lucent Technologies, China's Ministry of Culture, CPC Committee of Shaanxi Province, China's Yunnan Provincial Government, the Industrial and Commercial Bank of China, China Construction Bank (Hubei Province), Shanghai Commercial Bank/Bank of Beijing/Shanghai Pudong Development Bank, the Shenzhen Stock Exchange, China Southern Securities, China Securities, TCL, Shanghai Industrial Investment (Holding) Co. Ltd, Sinopec Shanghai Petrochemical Co. Ltd, Sany Heavy Industry, Digital China, CNOOC, and CNPC Daqing Petroleum.
Leslie Young (Ph.D., Oxford University)
Dr. Young is Chair Professor of Finance at the Chinese University of Hong Kong, one of three chaired professors at Business School of the Chinese University of Hong Kong, which includes 120 faculty members. He teaches monetary economics, capital markets, options and futures. He is currently Executive Director of the Asia-Pacific Institute of Business, and senior editor of the American Economic Review.
Born in Guangzhou, China, Prof. Young received his B.Sc. and M.Sc. from Wellington University of New Zealand, and a Ph..D. degree from Oxford University. Before coming to Hong Kong, he was V.F. Neuhaus Professor of Finance and Professor of Economics at the University of Texas at Austin. His fields of interest are international finance, political economy, and corporate governance. Prof. Young is well-known in international trade, international finance, and financial economy. He has published over forty academic articles in leading professional journals such as the Review of Financial Studies, the American Economic Review, Finance and Decision Making, China's Financial Market, Pacific Economic Review, Managerial & Decision Economics, and the Journal of International Trade and Economic Development. He was the author of "Black Hole Tariffs and Endogenous Redistribution, The Hong Kong Securities Industry and China's Financial Market", and co-author of The China Securities Manual.
Professor Young has served as a consultant for the governments of Mexico, Trinidad and Tobago, and New Zealand. He has also consulted in lawsuits arising in the savings and loans industry in the United States and has taught executive trainees for Duke Business School, Stanford Business School, and the Foreign Trade Institute in Guangzhou, China.
Tu, Weiming (Ph.D., Harvard University)
Dr. Tu is a visiting professor and the chairman of the Committee on the Humanities at CKGSB. He is also the Harvard-Yenching Professor of Chinese History and Philosophy of Confucian Studies at Harvard University and the Director of the Harvard-Yenching Institute.Having taught Chinese intellectual history, philosophies of China, and Confucian studies at Princeton University and the University of California at Berkeley, he has been on the Harvard faculty since 1981. He also taught, as a visiting professor, at Peking University, Taiwan University, the Chinese University of Hong Kong, and L'Ecole Practique des Haute Etudes. Dr. Tu holds honorary professorships from Zhejiang, Renmin, and Zhongshan Universities and the Shanghai Academy of Social Sciences and has been awarded honorary degrees by Lehigh, Michigan State (Grand Valley), and Shandong Universities. He is a vice-president of the International Association of Confucian Studies, an international advisor of Rahman University in Malaysia, a member of the "Group of Eminent Persons" appointed by Kofi Annan to facilitate the Dialogue among Civilizations, and a fellow of the American Academy of Arts and Sciences.
Dr. Tu's academic interest covers Chinese Intellectual History, Chinese philosophy, Confucianism, Chinese culture, dialogue among civilizations, and reflection on modern spirit. He focuses primarily on the modern transformation of Confucian humanism, and advocates the moral reason, humanities, and worldly spirit embodied in Confucianism. He has published several books in English and in Chinese, and dozens of articles primarily focusing on the modern transformation of Confucian humanism. A five-volume anthology of his works was published in Chinese in 2001
Soumitra Dutta (Ph.D. the University of California, Berkeley)
Soumitra Dutta is the Roland Berger Chaired Professor of Business and Technology, and Dean of External Relations at INSEAD. He is the faculty director of elab@INSEAD, INSEAD's initiative in building a center of excellence in teaching and research in the digital economy in collaboration with leading international organizations such as Morgan Stanley, SAP, Cisco and Intel.
Prior to joining the faculty of INSEAD in 1989, he was employed with Schlumberger in Japan and General Electric in the USA. Professor Dutta obtained his Ph.D. in computer science and his M.Sc. in business administration from the University of California at Berkeley. He has been a visiting Professor at several international universities including the Haas School of Business (Berkeley)and the Solvay Business School (Brussels).
His current research is on technology strategy and innovation at both corporate and national policy levels. His latest books are "The Global Information Technology Report 2005-2006: Leveraging ICT for Development" (Palgrave, March 2006) and "The Information Society in an Enlarged Europe" (Springer, Feb. 2006). He has authored seven other books including "The Bright Stuff" (Financial Times/Prentice Hall, 2002), "Embracing the Net" (Financial Times, 2001) and "Process Reengineering, Organizational Change and Performance Improvement" (Mc-Graw Hill, 1999). He has won several awards for research and pedagogy including awards for the European Case of the Year from the European Case Clearing House in 1995, 1997, 1998, 2000 and 2002.
He is actively involved in policy development at national and European levels. He is currently a member of the Advisory Committee for ICT for the Government of Qatar and has advised other national governments on ICT policy issues. He is the Chairman of the European Commission's Europe Innova panel on Innovation in the ICT sector and a member of the Steering Committee of eBSN, the European Commission's eBusiness Network initiative for SMEs.
His research has been showcased in the international media such as CNN, CNBC, BBC and international publications. He has taught in and consulted with international corporations across the world. He has directed top management programs for several companies and is a regular contributor to in-house management programs. He is a fellow of the World Economic Forum.
Douglas Guthrie (Ph.D., the University of California, Berkeley)
Doug Guthrie is Professor of Management and Organizations at Stern and also holds an appointment as Professor of Sociology on NYU's Faculty of Arts and Sciences.
Professor Guthrie's areas of expertise lie in the fields of management, leadership, corporate governance, and economic reform in China. Recent work in these areas include "Dragon in a Three-Piece Suit: The Emergence of Capitalism in China" (Princeton 1999), "The State, Courts, and Maternity Leave Policies in U.S. Organizations" (American Sociological Review, 1999), "The Rise of Female CEOs in U.S. Organizations (Social Forces, 1999), "Social Connections in China: Institutions, Culture, and the Changing Nature of Guanxi" (Cambridge 2002), "Organizational Learning and Productivity: The Rise of the Chinese Corporation" (Management and Organization Review, 2004), "Social Entrepreneurship and Corporate Welfare in Urban Renewal (Stanford Social Innovation Review, 2004), "Privatization and the Social Contract: Corporate Welfare and Low-Income Housing in the United States since 1986" (Research in Political Sociology 2005), and "China and Globalization: The Social, Economic, and Political Transformation of Chinese Society" (Routledge 2006). His research has been funded by the Ford Foundation, the Alfred P. Sloan Foundation, and the Social Science Research Council. He has also served as the Director of the Business Institutions Initiative and the Program on the Corporation as a Social Institution at the Social Science Research Council.
Professor Guthrie has also taught at Harvard Business School and the Graduate Schools of Business at Stanford University, Columbia University and Emory University. He received his Ph.D. from the University of California, Berkeley.
Phil Anderson (Ph.D. Columbia University)
Philip Anderson is the INSEAD Alumni Fund Professor of Entrepreneurship at INSEAD, in Singapore. He is also director of the 3i VentureLab and director of the International Centre for Entrepreneurship. His undergraduate degree in Agricultural Economics is from the University of California at Davis, and he received his Ph..D.. in Management of Organizations from Columbia University. A former Army officer, Professor Anderson has also worked as an independent computer consultant, and an MIS manager and Assistant to the President of a large nonprofit organization and an entrepreneurial start-up organization. He currently teaches courses in entrepreneurship, venture capital, and the strategic management of innovation, and has written over 75 original cases and notes for these classes.
His research interests include the formation of entrepreneurial firms, managing growth, venture capital dynamics, and complexity theory. Professor Anderson is on the editorial board of Administrative Science Quarterly, and has been the chair of the Technology and Innovation Management division of the Academy of Management. He is co-author of "Managing Strategic Innovation and Change: A Collection of Readings" (with Michael Tushman), published by Oxford University Press in 2004 (second edition), and "Inside the Kaisha: Demystifying Japanese Business Behavior" (with Noboru Yoshimura) published by Harvard Business School Press in 1997. "Inside the Kaisha" was named 1997 Booz Allen & Hamilton/Financial Times Global Business Book of the Year for Industry Analysis/Business Context. His articles have appeared or are forthcoming in such journals as the Harvard Business Review, the Sloan Management Review, Research & Technology Management, CIO, Datamation, the Academy of Management Executive, Administrative Science Quarterly, Management Science, Organization Science, and the Academy of Management Journal.
He has consulted and/or conducted customized executive programs for companies such as 3i, Aetna, Air Products, American Express Financial Advisors, BOC, Bristol-Myers Squibb, Centennial Funds, CIO Magazine, Commerce One, Cyanamid, Dow, Eaton, Glaxo SmithKline, HeidelbergCement, Hewlett-Packard, J.M. Huber, Intel Capital, John Deere, Malden Mills, Markem, McGraw-Hill, Medallion Enterprises, Merrill, Monument Group, Navis Partners, the New York Times, North Atlantic Capital Partners, Petronas, Polaris Ventures, Praxair, Procuritas, RCN, Roche, Sonera, Telenor, and Unilab. He is a member of the Center for Venture Education's Educational Advisory Board and advises several startup enterprises.
Jonathan Story (Ph.D., the Johns Hopkins School of Advanced International Studies)
Jonathan Story is Emeritus Professor of International Political Economy at INSEAD. He has served as a consultant to governments and international corporations, banks and service companies, on European and world politics and markets. Prior to joining INSEAD, he worked in Brussels and Washington, where he obtained his Ph..D.. from Johns Hopkins School of Advanced International Studies. His latest book is China: The Race to Market (Pearsons, 2003). His book, The Frontiers of Fortune, (Pitman's, 1999), is about corporate strategy in the world economy. Other books include: The Political Economy of Financial Integration in Europe: The Battle of the Systems, (MIT Press, 1998) on monetary union and financial markets in the EU, and co-authored with Ingo Walter of NYU. Professor Story regularly updates a country potential and risk case series on emerging markets, and his software application is available on the web at: storycpra.com Some of his cases on EU public policy appear in Olivier Cadot's edited volume, Industrial and Trade Policy Cases, Prentice Hall, 1996. He writes regular analyses for the international press on international political and economic developments.
He is also chairman of Story Productions (www.storyproductions.co.uk); a consultancy firm for country risks. SP's unique selling point is that it produces corporate video case studies and business documentaries that bring business issues to life.