Warwick Business School Alumni Association magazine: summer 05

 message from the dean                                                                                                 ...
4 nexus: summer 05                                                                            distinguished award

At the ...
research review                       nexus: summer 05                                                                   5...
6 nexus: summer 05                                                                                   WBS news

 high ra...
WBS news                          nexus: summer 05                                                                  7

8 nexus: summer 05 focus on asia                                                                 China

of dragons, tig...
China                nexus: summer 05 focus on asia                                                                       ...
10 nexus: summer 05 focus on asia                                                                 China

adapting to su...
                                Japan           nexus: summer 05 focus on asia                                      ...
12 nexus: summer 05 focus on asia                                                                 Asian Tsunami

the lo...
Cambodia               nexus: summer 05 focus on asia                                                                     ...
14 nexus: summer 05 focus on asia                                                              North Korea

project Nor...
India        nexus: summer 05 focus on asia                                                                 15

on trac...

                                                                                success builds success


 alumni strategy                                                                                                      ...
Nexus Summer 2005
Nexus Summer 2005
Nexus Summer 2005
Nexus Summer 2005
Nexus Summer 2005
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Nexus Summer 2005
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Nexus Summer 2005

  1. 1. 1 Warwick Business School Alumni Association magazine: summer 05
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  3. 3. 3 message from the dean 3 W arwick Business School is a truly global institution. Although It is interesting to see the diversity of research interests and careers – from more conventional interests such as finance and consultancy, to improving agricultural physically based in the heart productivity, and working with disadvantaged of the UK we hope you feel women in Cambodia. The possible applications of a that WBS is relevant wherever management education from WBS are countless. you are. Taking a look at the overseas events section of I would also like to applaud and thank the many nexus (page 21), or on the volunteers who help to make WBS the leading Alumni Association web site, institution that it is. I was delighted to present the will give an insight into just how much WBS activity goes Chairman of the Alumni Board, Clive South (EMBA on around the world. In this and future editions of nexus 1996–9), with the first ever Distinguished Service Award we hope to showcase our international links in terms of at the Annual Dinner at the House of Lords (see page 4 alumni, faculty, research and activity. for a full report). The Alumni Board is now a fully elected representative body and I would encourage you to find Almost one third of our alumni live or work outside the out more about how they represent your views (page 17). UK. The faculty here at WBS have a similarly international perspective. One third of WBS faculty come from outside Over 1,500 of our 18,000 alumni have volunteered to the UK, have significant overseas experience or have non- get involved in some way with the work of WBS and my UK qualifications. thanks go to each and every one of you. The challenge for us is to find ways we can take you up on your offers, I believe WBS is educating students to cope in diverse and perhaps some of the stories in this issue will inspire international communities, and articles in this edition you with your own ideas. I look forward to working with show that not only are they coping but they are thriving. many of you in the future. With around one in six of our alumni living in Asia and numerous academics engaged in research and consultancy activities, the difficulty for this issue lay in choosing what to include and what to omit. The snapshots contained in this are just that… snapshots. We cannot represent the whole of such a vast continent, but we hope to give you a flavour of the depth of our involvement. contents Designed by Morse-Brown Design Limited www.morsebrowndesign.co.uk 3–7 WBS news 5 10 8–9 8–9 China of dragons, tigers and flying geese Dr Simon Collinson 10 China adapting to succeed Alice Huang 10 China insight 13 Mike Bastin 11 Japan change in the financial industry Izumi Kubo & Professor Glenn Morgan 12 Asian Tsunami the logistics of relief Professor Alyson Warhurst 13 Cambodia calling 14 15 John O’Gara 14 North Korea project Nigel Sykes 15 India on track in Mumbai Vishal Jhunjhunwala 20 22 17 WBS alumni board 18 keeping in touch 19 special interest groups update 20–23 alumni focus
  4. 4. 4 nexus: summer 05 distinguished award At the third WBS Annual Dinner held at supported the School on many levels, but has the House of Lords on 22 April, Clive South been a tremendous advocate, engaging our (EMBA 1996–9) became the recipient of the wider community and furthering our alumni inaugural Distinguished Award for Service activities. to the School. Clive has been Chairman of the WBS Alumni Board since May 2004 and Reacting later to his award, Clive says, ‘I was was instrumental in founding the successful completely in shock initially, but this has Midlands alumni group. now been replaced by a sense of purpose. The challenge is to create the environment The Dean of WBS, Professor Howard Thomas so that the whole alumni community can kept the award a surprise by not naming benefit from and contribute to the continuing Clive until he handed over to the Vice- success of WBS. I must also thank, on behalf Chancellor, Professor David VandeLinde to of the alumni, all those who have worked make the presentation. Howard thanked the hard over the last few years to rejuvenate the as then unnamed recipient for his constant Alumni Association, both in the growing support and expertise over the past five years, number of local groups and in more central describing him as someone who has not only roles.’ Professor Jean Alumna Glenn Morgan, hot off the press Hartley, Elizabeth Professor of Professor of Maddison Organisational Professors Organisational (MPA 2000–3) Behaviour John McGee, Analysis, was Head of the (IROB) Howard guest editor and Strategic collaborated Thomas and contributed a Planning Unit, with David Wilson, chapter on Innovation University colleagues Richard Whitley, Marketing in Governance and Public of Brighton, coauthored Manchester Business School, & Strategic Services: Past and present Managing Institutional Self- and Eli Moen, University Management group (MSM) to the 25th anniversary Study with colleague of Oslo, to produce have recently published edition of CIPFA journal David Watson. Changing Capitalisms? Strategy: Analysis and Practice. Public Money & Management. Internationalism, Institutional Other WBS academics also The heart of the book Change, and Systems of This exciting new textbook contributed. ISSN 0954 0962 is the case for the Economic Organization. sets out to provide students development of the Includes chapters by with an understanding university as a mature, Professor Colin Crouch of the core concepts and Alumnus Robert self-reflective community, and Dr Michel Goyer. economics of strategy, W McGee (PhD capable of making full use laying the foundations 1986) Professor, of its analytical and other w www.oup.co.uk for analysing strategy on a Andreas School resources. /isbn/0-19-927563-7 variety of levels. of Business, w www.openup.co.uk Barry University, w www.mcgraw-hill.co.uk/ Florida, USA, has another book published Nigel F First textbooks/mcgee by Springer. Accounting and Piercy, published Financial System Reform in a Professor in in 1991, Transition Economy: A Case Marketing Marketing: Hari Tsoukas, Study of Russia. (MSM) and Concepts & Professor of w www.springerpub.com colleague Strategies Organisation David W was a co- Studies (IROB) Cravens have production authored Updated and had Strategic Marketing, between WBS’s Sally Dibb Complex revised versions 8th edition published by and Lyndon Simkin, Knowledge of alumnus McGraw-Hill/Irwin. (MSM) and two leading published by Robert Craven’s A completely revised new US academics. Totally Oxford University Press. (MBA 1990–1) edition of a best-selling text re-written and updated, The book examines the two successful published in the USA as with a greater focus on nature of knowledge in business books, part of Irwin’s ‘Marketing strategic decision-making in organisations, and how Kick-Start Your Masters’ series. marketing and practitioners’ individuals and scholars Business and use of the marketing approach the concept of Customer Is King have been w http://catalogs.mhhe.com process. knowledge. w www.oup. reprinted by Virgin Books. /mhhe/viewProductDetails. co.uk/isbn/0-19-927557-2 w www.virginbooks.com do?isbn=0072966343 w www.dibbmarketing.com
  5. 5. research review nexus: summer 05 5 The Sales and Strategic Executive Programmes, Customer Management the network’s goal is to Network (SSCM) is a new provide a ‘think tank’ for venture at WBS, developed innovation in strategic sales out of the work of the Sales and account management, and Account Management reflecting the massive Strategy research unit changes taking place in (SAMS) started by Professor traditional buyer-seller Nigel Piercy and Dr Nikala relationships, and the Lane in 2004. overwhelming demand w www.sams.org.uk by major customers for enhanced value. The aim is Professor Bob Johnston, the competing objectives of Managed by Diana to share research findings Operations Management profit and customer service, Woodburn, Research and best practice across Group (OM), specialises SIA has managed to apply Associate, and part of member organisations. in service excellence and these dual objectives at all has been conducting levels in the organisation to Professor Jean Hartley, research with Singapore great effect. Our most recent Professor of Organisational Airlines (SIA) for around study has investigated how Analysis, and her team five years. SIA was identified SIA goes about innovation. developed the Warwick as an excellent service Not only does the company Political Leadership provider by focus groups have a specialist service Questionnaire (WPLQ), held in the UK as part of and product development with funding from the Local a study commissioned by department (highly unusual Government Improvement the Institute of Customer in service organisations) but and Development Agency Service in 2000. Since then it also involves its entire staff and the Joseph Rowntree focused on managers, but Bob has been working with in its innovation process.’ Foundation. The research there are crucial differences several organisations in Asia, has pioneered new thinking in the leadership exercised including Shangri-La Hotels Bob has managed to weave about political leadership by politicians. For more headquartered in Hong his data collection alongside and systematically analysed details, visit w www.wbs. Kong and SIA, to better other visits to SE Asia; the core skills of political ac.uk/news/press_releases/ understand how they go He regularly teaches an leadership. Most research release.cfm?id=307 about delivering excellent MBA Service Management on leadership to date has service. elective in Hong Kong or Singapore and attends Too often the focus on KIN’s aims are: Bob explains, ‘While many conferences in the area, business improvement • To create relevant new organisations struggle with as well as hosting alumni from managing intellectual insights in the field of the trade-offs created by events. property has been on IT knowledge, innovation tools or ‘collection’ rather and networks through the Chris Doyle, Senior than ‘connection’. The funding of research. Research Fellow, Centre Knowledge and Innovation • To help create business for Management under Network (KIN) at WBS value for KIN member Regulation (CMuR), connects academics and organisations by leverag- was recently invited by practitioners from leading ing the network to ‘supply’ the Falkland Islands organisations with an knowledge to meet Government to oversee the interest in organisational member ‘demand’ possible replacement of & behavioural aspects of • To promote, foster and the camp telephone system Knowledge Management. support collaboration which has served the Islands KIN emerged from the between practitioners for years and is ‘nearing the Innovation, Knowledge and and academics (between end of its life’. Organisational Networks industry and university) to research unit (IKON), create new knowledge and Despite his experience of for the introduction of established at WBS in 1997. practice. w ki-network.org the telecommunications measures to address the issues faced by other current communications Howard Davis, Research in local government. For countries Chris says that challenges. Regulation Manager, LGC, is involved the Local Government those faced by the Falkland of the services is another in two new research Association – study into the Islands are unique. His issue he will examine since projects. For the Office of impact of the activities of report will look at the tariff even single operators with the Deputy Prime Minister the performance partnership structures, investment exclusive franchises, such - scoping/ feasibility study central bodies on local implications, infrastructure as Cable and Wireless, are for a long-term evaluation government improvement. and time-scale required subject to regulation. of freedoms and flexibilities
  6. 6. 6 nexus: summer 05 WBS news high ranking WBS is ranked 18th in the world by the HM Treasury’s ranking of worldwide schools derived from salary and employment data taken from the Financial Times ranking. WBS open day On Saturday 7 May, WBS Scarman Road opened its doors to welcome alumni, students and friends to look around the building as part of the University’s 40th Anniversary celebrations. Professor Nigel Piercy’s taster lecture on ‘Superior Buyer-Seller Relationships: It’s all about sex and money...’ proved very popular, as did the guided tours of the building. WBS will celebrate its own 40th Anniversary in 2007. on course winning team WBS recently launched three new specialist masters courses, In February, participants on The Warwick MBA won prizes due to commence in October 2005. The MSc’s in Finance, for innovation totalling £5,000 from Crown Castle UK, the Information Systems & Management and Marketing & UK’s leading mobile telecommunication and broadcast Strategy are all twelve month full-time courses. Dean Howard transmission infrastructure management company. The task Thomas confirms, ‘We are very pleased to be launching facing the winning team – Antonino Aversa, Jorge Elton, Paul these new programmes, designed and taught by WBS faculty Olliver, Asli Solmaz-Kaizer and Zefeng Johnson Wu was to who are among the leaders in their field. We look forward to design, manufacture and market a new personal portable data welcoming the new participants to WBS in the autumn.’ processing and communication device.
  7. 7. WBS news nexus: summer 05 7 WBS in the media The new Specialist Masters courses starting this autumn have been reported in both education and general media. Media publications around the world, both online and on paper, seem unendingly fascinated by the MBA qualification and so the WBS alumni are often reported on and profiled. In recent months though, our tailored executive short courses, The Warwick MPA and other public sector teaching programmes, as well as undergraduate alumni have all received well- deserved media coverage. WBS faculty continue to provide expert comment and research reports across the full range of media. In just the last three months, WBS expertise and research findings have been cited in overseas and international publications such as the executive education Financial Times, Ethical Corporation, European Public Service Pictured is the first of 12 cohorts from energy giant Review, ipe.com (Investment & Pensions Europe), Mandag E.ON UK undertaking a tailored WBS Executive Leadership Morgen (Denmark), and in national and local UK media such Programme which includes a ‘life journey,’ identifying what as The Sunday Times, People Management, BBC Radio 4 and Radio has influenced delegates’ life direction and leadership traits. Five Live, Utility Week, Marketing, Local Government Chronicle, The course features sessions on regulation, energy, consumer Computer Weekly, and even Arts Professional and Men’s Health! and customer paradigms, investor paradigms and strategic leadership and uses alternative media to encourage delegates The topics covered are as diverse as the publications – ranging to look at leadership from new perspectives. For more from pensions to human capital to football management. Here information on WBS Executive Programmes: is just a selection from those featured recently: w www.wbs.ac.uk/executive • Dr Sue Bridgewater, Marketing & Strategic Management Network Rail has commissioned WBS to provide the training at Group (MSM) – radio broadcasts and national profiles on its new residential leadership centre. The centre will welcome her football management research, including a double page over 4,000 managers and supervisors through its doors over feature in The Independent on Sunday in April the next two years as Network Rail seeks to strengthen its leadership capability. • Professor Anthony Neuberger, Accounting & Finance – contributions to the pension problem debate in Professional Pensions and ipe.com • Professor John Benington, Public Management and Policy Group – interviewed on public sector organisation on BBC Radio 4 You & Yours, and in Public Finance • Professor Alyson Warhurst, Director of the Corporate Citizenship Unit (and featured in this issue) – article in Public Service Review (European) on need for organisations to help with solving AIDS crisis • Professor Linda Dickens, Industrial Relations and Organisational Behaviour Group (IROB) – quoted in article on new EU employer consultation regulations in the Financial Times • Professor Martin Cave, Director, Centre for Management under Regulation (CMuR) – featured in Utility Week as speaker at seminar for economic regulators for water, energy and rail. sponsored by WBS WBS sponsored the Business in the Community Award, at the prestigious Variety Club Awards held at the ICC, Birmingham, stop press in February. The evening was hosted by TV presenter Angela Professor Howard Thomas, Dean of WBS, has been appointed Rippon and the award was won by the West Bromwich to the position of Vice-President of the European Foundation Building Society. A party of invited guests was hosted by Ben for Management Development (efmd). Plummer, WBS Head of Development and Nathalie Walker, For more information on the latest WBS news stories visit: Head of Alumni Relations. w www.wbs.ac.uk/news/press_releases
  8. 8. 8 nexus: summer 05 focus on asia China of dragons, tigers and flying geese As businesses, government agencies and local communities in the Midlands region pick up the pieces from the collapse of MG Rover, Dr Simon Collinson, Senior Lecturer in International Business, says there are lessons to be learnt about the UK’s manufacturing competitiveness that should have been learnt some time ago. There are also a number of assumptions about the future threats and opportunities posed by China’s ascendance that need to be challenged. P erhaps the most dangerous assumption we could make about China is that its cheap manufacturing labour is its only In each country the transition is marked by a shift of employment from one sector to another, within the broader move competitive advantage. Many people seem from agriculture to manufacturing to believe that although we may expect to and then to services. Overall, lose manufacturing jobs to the ‘East’ we rising skills and improved have unassailable competitive advantages technological capabilities, in high technology industries and increased capital investment knowledge-based services. and wage-inflation drive – in their and are driven by – industries; Samsung This is not so. Comparative advantage in the change process. (South Korea) and Acer manufacturing is only the beginning of (Taiwan) took 20–25 years and an economic transformation which we TCS, Wipro and Infosys (India) have seen before. The Asian economies, 15–20 years. including China, are arguably following a predictable path in terms of their Chinese firms are on the same learning economic growth, changing industry trajectory. Moreover, the Chinese specialisation and evolving competitive economy overall appears to be developing advantages. Moreover, the pace advantages in a range of industries (such as at which potential competitors autos, consumer electronics, telecoms and are emerging from the software) at the same time, rather than in Asian region across a wide sequence. range of business areas, not just manufacturing, raises an There are two particular drivers of this important question: whether there is ‘accelerated learning’ that we should enough time for the West to adapt. be aware of: China is following a familiar path... • First, multinational firms The patterns of industrial transformation from North America, Europe and growth of emerging economies in the and Japan (the mature ‘triad’ Asian region have been closely studied. regions) are helping local firms One model to describe these changes is develop the capabilities they need the poetically-named ‘flying geese’ model to progress ‘up the food chain’; by Japanese academic Kaname Akamatsu. This suggests that • Second, local Chinese Asian economies are follow- firms are expanding inter- ing similar development nationally to get access to large paths, but are at different markets in the triad and to acquire the stages along this path, following the lead If we look at a particular industry the assets, technologies, brands and capabilities ‘goose’ Japan. Over time each country, or location of production activities and they need to compete more effectively. group, will gain and then subsequently subsequent exports and trade flows change lose specific comparative advantage in a as different economies change their Foreign multinational firms are helping… particular industry. For Japan historically it specialisation. China now dominates as the Foreign direct investment (FDI) into has shifted from iron and steel, to textiles, world’s biggest exporter of clothing whilst mainland China is at unprecedented levels clothing, to autos and electronics. The Singapore, South Korea and Taiwan have with over $62 billion flowing into the four ‘Tiger’ economies, Hong Kong, South thriving electronics industries. Japan is a country in 2004 (more than 10 times FDI Korea, Singapore and Taiwan followed net-importer of televisions and over into India). Recent high profile mergers, a similar trajectory, although quicker. 70 percent of its economy is now based acquisitions and joint ventures include Other ASEAN (Association of South East on services. HSBC ($1.7 billion for 20 percent of China’s Asian Nations) nations such as Indonesia, Bank of Communications), Tesco ($260 Malaysia, the Philippines and Thailand are The process also appears to be speeding up. million for 50 percent of Le Gao Shopping) a little further behind, but the sequence of For example, Toyota and Sony took about and Amazon.com ($75 million for specialisation is similar. 30–35 years to evolve into leading firms Joyo.com). There was also something of
  9. 9. China nexus: summer 05 focus on asia 9 a beer-fest last year with Anheuser-Busch science and technology infrastructure. ability to innovate and to internationalise. paying $600 million for the Harbin Brewery China spends more than double the UK China’s stock of outward FDI has grown Group, Heineken buying 21 percent of on R&D and this is growing at 9 percent from $2.5 billion in 1990 to over $25 billion Guangdong Brewery Holdings ($69 million) per year in line with its GDP growth. The in 2000 and $37 billion in 2003. and Scottish and Newcastle buying 19.5 country has over 17 million students percent of the in higher education and more than 60 In light industrial parks are dedicated to of these returning Chinese graduates large-scale who have started up processes what over 4,000 new has happened with MG businesses. Rover makes more sense. It was never in the interests of Shanghai Automotive Industry Corporation (SAIC) to resurrect any significant manufacturing operation in the Midlands. It wanted access to some key technological assets, including The result is that over 25 percent of the power-train, engine manufacturing China’s exports were in high- capabilities and rights to the Rover 25. technology areas last year, compared Once it had acquired these, to complement to just 2.6 percent 20 years ago, and its manufacturing operations in China, the proportion exported by foreign it left the remainder of the firm sink-or- firms in China is falling rapidly. swim, with high labour and manufacturing Companies like Huawei, Zhongxing and costs, a strong £-Sterling and general over- Datang in telecoms; Bird, TCL, and Konka capacity in the auto industry. And, as we in mobile handsets; Founder, Red Flag, know, MG Rover has sunk. So, we know how the catch-up process works and we know China is progressing �������������������������������������������������������������������� rapidly across a range of industries at the ����������������������� same time. The two key questions for firms ������������������������������������� and economic policy makers outside China ������������� ������������������������� are: ¢��������������������������� ������������������������� ¢����������������������������� �������������������������� 1 which industries will Chinese firms ¢����������������������� �������������������������������� eventually come to dominate? ����������������������������������� 2 how long before they move from ���������������������������������������������������������������������������������������������������������� ‘learning’ to ‘leading’? ���������������������������������������������������������������������������������������������� Chongqing Beer Group ($63 million) UFSoft, Neusoft, Kingdee, and Top Group in The author in minute (China became the largest global market for software, show how quickly technological beer in 2002). capabilities are evolving in China. Formerly at Edinburgh University Management School Perhaps more significantly there are over And Chinese firms are turning and Assistant Director 300 foreign R&D centres in China and multinational… Lenovo, originally a of the Japanese- we know that the transfer of technological spin-off from the Chinese Academy of European Technology know-how and managerial capabilities Sciences in the mid-1980s, made the news Studies (JETS) institute via multinational operations in emerging in December 2004 when it bought IBM’s for seven years, Simon has held visiting markets is one of the main sources of PC business for $1.75 billion. It makes 30 positions at the competitive advantage for local firms. percent of PCs in China and is number two National Institute of Science and Technology in laser printers. It also recently opened an Policy (NISTEP) in Tokyo, Australia Graduate Western multinationals are, to a certain R&D centre in California’s Silicon Valley School of Management in Sydney and the extent, breeding their own future – as a ‘listening post’. Kelley School of Business in Indiana. competitors. Their current strategic Research interests: the global organisation of opportunities could turn into their future As shown by Lenovo, one route to accelerate R&D; international joint ventures, knowledge competitive threats. the learning process is by outward foreign and technology management; international direct investment (FDI). Chinese companies entrepreneurship; business infrastructures and management practices in Japan & China. Couple this inward FDI with already high are increasingly buying the assets, brands levels of education and a strong local or capabilities they lack, to improve their
  10. 10. 10 nexus: summer 05 focus on asia China adapting to succeed in China T he significance of China’s rapid growth rate is gradually becoming apparent even to the casual observer. With 1.3 central government agencies have a direct and strong influence over the ‘local rules of the game’ and a first priority is to billion people and both GDP and per capita understand these rules and how they are income growing at between eight and nine evolving. percent it is fast becoming an economic powerhouse. For foreign firms its attraction • Regulations governing business practices lies in both the growing market and the are complex. Despite the expense it is cost advantages of cheap labour, resources necessary to use local intermediaries such and expertise. China is one of the largest as attorneys and accountants familiar recipients of foreign direct investment, with Chinese requirements. receiving $53 billion in 2003 ($144 million a day), compared to India’s $4 billion and • There is little effective protection for Russia’s $1 billion. intellectual property rights. respect are key. Group-orientation and steep hierarchies characterise Chinese WBS alumna Weihong (Alice) Huang • Contracting tends to based more around organisations. (MBA 2000–1) runs Enter Consulting in relationships and connections (guanxi) Shanghai which provides support, from rather than formal agreements and legal • Being too willing to do things the local market research to language lessons, for documents. way may be a sign of compromise. foreign firms looking to enter the Chinese Credibility comes from a balance between market. Having helped companies such as • The right choice of local partner two cultures. Lufthansa, Hoechst and Satair successfully is critical. A good one will be well- break into the mainland market Alice has a networked to overcome obstructive red- • Despite the large pool of cheap labour, range of insights that can help newcomers. tape and enable success; bad ones will not skilled managers, particularly those with and may violate confidentialities and/or marketing or engineering expertise are Key issues for foreign entrants are: establish competing businesses. difficult to find and keep. • Market-access rights vary by industry and are changing rapidly. Regional and • Personal and company reputation and w www.enterconsulting.com.cn China insight by Mike Bastin (MBA 1991–2) MD, Global Branding Ltd N ot only did the Warwick experience further my business knowledge, skills and opportunities considerably, it the development of innovative, creative thinking as it is about knowledge transfer. I am in regular contact with many Chinese also opened my eyes to the exciting world Warwick alumni, all of whom also have of business in very different cultures. nothing but praise for their Warwick Combined with my interest in travel and experience. This group gathers not only the Far East, this has resulted in a post- socially but makes frequent use of the Warwick world of brand management Warwick network for business purposes training and consultancy all over China. too. I first worked in China in 1998, delivering Finally, most of my memories of WBS a short training course on International my experience, asking Chinese mangers remain clear but perhaps the clearest are Marketing in Hong Kong. Since then I to provide examples of successful brand those of Peter Doyle. Like so many others I have continued to deliver Marketing and extension has been met with complete was captivated by his teaching. I even find Brand Management training courses all silence. However, providing them with a myself repeating quite a few of his phrases over China, at universities in Beijing, list of brand names, from which to choose during my training sessions (eg ‘Nothing Shanghai and Nanjing, and to Chinese those that have extended successfully (eg fails like success’, ‘image is a function of businesses as a far apart as Chongqing Haier, Lenovo and Yue Sai) receives much reality’…) (South West China’s Sichuan province) and more attention and activity. Hohhot (the capital of Inner Mongolia, As for the future, China continues to one of China’s semi-autonomous regions). Perhaps the greatest difference between fascinate and probably always will…. While China’s continued rapid economic China and the West is that Chinese development inevitably brings social businesses continue to lack a culture of Global Branding Ltd is a strategic brand change, it remains very different culturally. innovation and creativity, one reason why management consultancy and training there are still no global Chinese brands. organisation. Mike can be contacted at: China does not have a management My training and consultancy, therefore, is tradition of independent thinking. In as much about organisational culture and e mike211_2@hotmail.com
  11. 11. JAPAN Japan nexus: summer 05 focus on asia 11 change in the Japanese financial industry Over the last decade, the Japanese financial sector has been undergoing substantial change and reform. Research being conducted by doctoral student Izumi Kubo and Professor Glenn Morgan has been looking at how these changes have been impacting on the organisation of work and careers in the stockbroking firms on the Japanese financial markets, and how this in turn relates to broader changes in Japan. K ubo and Morgan’s particular focus has been on what are known as sell-side company analysts and their changing role in financial markets and investment banking. This group down their workforce in response to market conditions. Therefore any move was a risk in the long-term. However, one offsetting factor was that there were more firms looking for specialist were traditionally employed inside stockbrokers to provide analysts from the external labour market, not just US-based but recommendations to clients on which stocks to buy, sell or hold. also European firms and some Japanese banks now keen to enter From the 1980s, this role began to change in Wall Street and the the stockbroking area. City of London. Sell-side analysts became a central part of the new investment banking Whilst many Japanese companies have nexus which was emerging at this time. proclaimed their adherence to labour market flexibility, there are few sectors of Sell-side analysts with their detailed Previously, like most the economy where this process seems to knowledge of particular firms and sectors Japanese employees in big have gone so far as in the case studied. This increasingly provided advice internally has brought short-term material benefits to the firm’s investment bankers and firms, analysts had entered and an enhanced sense of professional corporate financiers on pricing shares the company believing specialist status to individuals though and bond issues. Their rewards became it has also brought uncertainties and linked to their role in these deals and this that this was a lifetime anxieties. In broader terms Japan now has created a potential conflict of interest relationship... the entry of has an investment banking industry for analysts seen most graphically during similar in structure to that in the US the dot.com boom, when some analysts American firms into Japan and UK. These firms (and the analysts were accused of acting as boosters for the changed this within them) are working proactively shares which their companies wanted to to create more dynamic capital market sell rather than providing expert, objective processes. In this they are supported by advice to their outside clients. the growing presence of US as well as Japanese institutional investors keen to see The Japanese stock market was insulated from many of these higher returns to shareholders in coming years. In turn Japanese trends until the mid 1990s. Large Japanese firms have tended manufacturing companies are also increasingly willing to use to be owned by ‘friendly’, long-term investors (often associated the Tokyo market to raise funds, often as the first step towards companies and banks) and hostile takeovers remain virtually involving themselves in international financial markets. These unknown on the Japanese stock market. Recent deregulation in changes reflect the challenge which Japanese companies are Japan, partly induced by outside forces and partly consequent facing in the 21st century as the old model of regulated firms and on the desperate state of the banking industry following the markets declines and new processes of competition are set loose. collapse of the 1980s ‘bubble economy’ has resulted in a number of changes for company analysts amongst others. Previously, like most Japanese employees in big firms, analysts two authors in � minutes had entered the company believing that this was a lifetime relationship. As such, they were not specialists in any particular task and tended to be rotated around the organisation so they Glenn Morgan, Professor of Organisational Behaviour, Industrial Relations and Organisational had a very good overview of the firm and how it worked. Even a Behaviour (IROB) group. Glenn previously worked position such as a company analyst was not a specialist role. Most at Manchester Business School from 1992–8. analysts would work in it for a few years and then move on to His research interests are comparative economic another task elsewhere in the firm. organisation in Europe and East Asia; management of change; multinational firms; global financial markets and international regulation. The entry of American firms into Japan changed this. In order to launch their investment banking business, these firms needed good company analysts and the only source of such people was Following graduation from Sophia University in in existing Japanese institutions. They offered high short-term Tokyo, Izumi Kubo has worked in the Japanese material incentives and a chance to specialise long-term in the financial industry for a number of years both as a role of analyst. This package was sufficient to create some initial company analyst and an investment manager. After labour mobility across firms. Many of the analysts interviewed undertaking a Masters in the UK, Izumi joined the found this an agonising decision as it involved breaking with the doctoral programme at WBS on a part-time basis and is currently completing her thesis. strong expectations of lifetime loyalty. They knew that unlike Japanese firms, US companies were much more likely to slim
  12. 12. 12 nexus: summer 05 focus on asia Asian Tsunami the logistics of tsunami relief In January 2005, Alyson Warhurst, Professor of Corporate Strategy & International Development, published a paper¹ which looked in detail at logistics companies and the Asian tsunami relief. This is a brief outline of the activities at that time and an update on progress to date. The logistics and transportation sector role housing, sanitation and medical supplies end of May. The aim is to bring together M onetary donations are an essential part of any relief and recovery effort and enable the large humanitarian is vital. Accumulating and distributing these resources effectively, and the infrastructures to support their equitable one or two relevant professionals within each L&T company that are responsible for humanitarian relief partnerships for organisations to consolidate purchases and and effective dissemination, requires the a series of such workshops; the second of ensure delivery of assistance is efficient. In coordination of emergency infrastructures which would include humanitarian relief addition, expertise, equipment and even and services on an unprecedented level. In organisations. labour, when matched effectively with addition to the scope of need that includes need, have proven to be just as important tents, helicopters, trucks, aircraft, landing The exciting element of this programme crafts, boats, base camps with staff support, is that Professor Warhurst has been able to fuel, water treatment units and generators, include these leading edge developments there is the complexity of the logistical in her teaching. MBA students on the By no means do these challenge this disaster poses. Corporate Citizenship module recently enjoyed a presentation from DHL; and TNT companies consider their Humanitarian relief – next steps executives will debate their company’s work complete or that By no means do these companies consider partnership with the World Food everything went as smoothly their work complete or that everything Programme and how to combine business went as smoothly as it could have done. In and humanitarian objectives – and win as it could have done January 2005, at Davos, the CEOs of these more customers – at their forthcoming and other logistics and transportation WBS executive training course. companies, advised by Professor Warhurst who was their special guest, reflected on Her research shows that more than 90 in dealing with the challenges facing the lessons from the Asia disaster and percent of 75 Fortune top brands put ethics, disaster areas – especially those challenges considered how, in partnership with the social and environmental requirements relating to the transportation and logistics international humanitarian organisations into their supply contracts with logistics of emergency relief. and the World Economic Forum’s DRN, providers and 22 percent expect their they might contribute to fully fledged logistics providers to have social Leveraging their core competence to disaster preparedness, in respect of partnerships in place as good corporate address dire need is among the core aims of emergency logistics and transportation, as citizens. the Logistics and Transportation Corporate well as to evaluate and improve impacts. Citizenship Initiative (L&TCCI) of the Two programmes of work have been ¹Alyson Warhurst, Susannah Anastasi and Kevin Franklin, “Logistics companies and Asian tsunami World Economic Forum. The L&TCCI recommended: relief”, Ethical Corporation Magazine, January 2005 was formed in January 2003 by the CEOs of a group of informed and proactive 1 Logistics Emergency Teams (like Airport logistics and transportation companies Emergency Teams) – L&T companies to – companies that are normally competitive. work together to develop 5 worldwide the author in minute The commitment of these companies led LETs to ensure disaster preparedness with to many of them being active in relief a multi-modal logistics capacity globally Alyson Warhurst is provision in tsunami affected areas; both – eg Americas, Europe, Southern Africa, Director, Corporate individually and by joining forces with Dubai (AET), Asia Pacific. This effort is Citizenship Unit and other companies and organisations such path breaking in terms of the wider role Director, Mining and as the World Food Programme, IFRC and of business in society. Energy Research Network. the World Economic Forum’s Disaster Previously Professor of Environmental Resource Network (DRN). Indeed, Professor 2 Learning from each other to Strategy and Director Warhurst’s research was able to show that ‘professionalise’ emergency of International Centre for the Environment, those companies that had partnerships in humanitarian relief preparedness in L&T University of Bath. Alyson is also a Fellow of place were able to respond more effectively companies, developing a guide or set The World Economic Forum and a recipient of to the crisis. of best practices and to share learning the European Faculty Pioneer – Beyond Grey Pinstripes Award. She works with UNCTAD, about partnerships with humanitarian OECD, World Bank, IDRC (Canada), World Disaster relief across ten countries relief organisations amongst relevant Economic Forum and international companies on – logistics competence at a premium professionals in a workshop. business and development. The magnitude and impact of the Research interests: environmental and social earthquake and tsunamis has prompted TNT has so far offered to share its performance and strategic decision making; an immediate and ongoing set of disaster humanitarian relief expertise with the strategy and business challenges of working in relief activities. Ensuring continued access sector and invited L&T professionals poor developing countries. to clean drinking water, food, clothing, working in this area to a workshop at the
  13. 13. Cambodia nexus: summer 05 focus on asia 13 Cambodia calling John O’Gara (MBA 1996–7) talks about Cambodia and his work as General Manager of Hagar Soya Company, Phnom Penh, a company jointly owned by an NGO and the World Bank that seeks to generate income to fund community projects, and winner of the Corporate Governance Award for Cambodia. T he problems of endemic corruption are slowing both development and economic regeneration efforts Secretary of State Colin Powell, and the Hagar Soya business recently won the Corporate Governance Award for Salesian Mission project funded by USDA. Hagar Soya is the only beverage company in Cambodia with UHT and Tetrapak in Cambodia. However, despite their Cambodia. packaging technology. At the moment we hardships, which stem from the fact that have one commercial product, So!Soya and the country is still trying to recover from Since then we have been developing 49 employees. We are developing eleven the Khmer Rouge era and a long period a range of new ‘commercial’ products new commercial products and two new of civil war, the Cambodian people are for the Cambodia and export markets products for school and maternal health genuinely friendly and welcoming. and also fortified soya milk products feeding programs. for maternal health and school feeding I started working at Hagar Soya, based programmes, aiming to increase enrolment The short-term goals are to double sales in Phnom Penh in November 2004 to and attendance, reduce dropout rates and and break even in 2005 and to double sales help to improve the company’s business improve the nutritional status of poor again and make a profit in 2006. performance. children in rural areas. I also plan to train a successor as I believe Hagar Soya Ltd is jointly owned by Hagar We are now registering the new brands in it is important to build local capabilities NGO and the World Bank and the idea Cambodia and will shortly be commencing and provide management opportunities for behind the business is to generate income school feeding programme trials with Cambodian people. to fund the NGO’s community projects. IRD, Care, World Vision and other leading The NGO was recently recognised for their NGOs. Hagar Soya will start its first large- w www.hagarproject.org part in the fight against human trafficking, scale programme in January 2006 feeding at a ceremony hosted by former US 22,000 schoolchildren in Poipet as part of a spotlight on Cambodia from Warwick to C ambodia is one of the poorest 20 nations in the world with GNP below $300 per capita. People living outside the main towns and cities Phnom Penh live in extreme poverty. Children of school age After completing The Warwick MBA in these areas do not receive a balanced diet and in 1997, I worked are deficient in micro nutrients that impair their as a Corporate mental and physical development. We know Business Operations children primarily go to school to get fed as the Consultant for parents in the poorer provinces don’t have money Teleflex, performing assignments including implementing an ERP to buy food. system in Malaysia, setting up a distribution network in China, manufacturing feasibility The goal of the Hagar NGO is specifically to keep studies in India and Mexico, restructuring the girls in school so they don’t become a burden a business in Belgium and managing a jet engine aerofoil manufacturing plant in the US. on their families and end up being trafficked. I then moved to Marconi Interactive Systems as Asia Pacific Sales Director just as the telecom Hagar Soya received advice from nutrition experts bubble burst. I got married in 2001 and we Helen Keller International and developed a travelled around Asia for a year. I then joined fortified soya milk product that is both satisfying Farnell as Interim Business Development Manager for Middle East and North Asia. and addresses deficiencies in some key micro nutrients. We are now in partnership with an organisation that provides fortified My wife and I then decided to do something noodles in our school feeding programmes. completely different for a year or two and set up a restaurant in Phnom Penh on the If you are working for an organisation that has a designated trust fund to support such ‘Riverside’ where there are plenty of tourists and where I had myself enjoyed business trips initiatives as school feeding programmes in Cambodia, please do make contact. This in the past. may key in with the organisation’s social and corporate responsibility programme. Around this time I heard about the Hagar NGO You can contact John by email on e john.ogara@hagarsoya.com and the good work they are doing to help disadvantaged women and children.
  14. 14. 14 nexus: summer 05 focus on asia North Korea project North Korea All WBS academics are entitled to spend one day a week engaged in consultancy activity, to ensure the regular flow of information between research and ‘the real world’. Amongst Nigel Sykes’ external activities is a project including a group from the UK, the Business Development Association (BDA), working with the North Korean government to promote sustainable development and to encourage trade links between the Democratic People’s Republic of Korea (DPRK) and other parts of the world. S oil erosion is a major farming problem in some parts of the world where deforestation has occurred. Western with two other members of the BDA (an association of experts in various fields who are committed to work together in The hope is now that two of the FPUs will be renovated in the UK using parts made in DPRK, and then one will be shipped methods of farming often lead to high economic and social regeneration through out to test whether the benefits seen in levels of soil compaction under tractors’ sustainable development). During this Bedfordshire and predicted with DPRK wheels, which reduces the productivity visit the Field Power Unit (FPU) tractor, farms really can be replicated. Assuming of the soil even further. In an attempt to combined with wide-track controlled this is possible, modifications can be combat this an innovative agricultural traffic farming, was considered as being made to the remaining FPU (three of machine was designed, known as a of great potential benefit to improving which are currently in the UK) and further Field Power Unit (FPU). Ten prototypes agricultural yields in DPRK. A factory seen research and development carried out in were made and one of these has been during the visit was also considered to collaboration with experts in the UK and successfully used on a farm in Bedfordshire have the engineering and manufacturing DPRK. The potential benefits of this project have far reaching implications and space does not permit a full discussion, but as I teach on the MBA module Entrepreneurship and New Venture Creation, ‘For success you need an envisioning, enabling and enacting capability in the founding team. With a shared vision and passion and a shared language that affirms others, a culture develops which encourages rather above: the team view the FPU tractor in than criticises and which builds others up to do better than themselves. This non- Bedfordshire. right: BDA members and hierarchical way of working is attractive to a delegation from DPRK visit WBS other cultures that have not experienced this way of working before.’ for almost ten years. The FPU has a very capability necessary to produce the FPU. Nigel was encouraged when on his visit to broad wheelbase and when used in Plans were laid for future collaboration the DPRK a leader said, ‘You seem to have conjunction with wide-track controlled between the DPRK and the BDA. The a different approach to the people we have traffic farming methods leads to a steady project would include seven main dealt with before – we feel we can work improvement in soil structure over a components: organic fertiliser, agriculture, with you.’ number of years. Crop yields increase and renewable energy, food processing, the energy efficiency of the farm (in terms manufacturing, trade and business of man-hours and fuel consumption) is training. As a result of this agreement, greatly improved. This is important in the certain areas of the project were identified the author in minute UK, but vital in a country such as DPRK by both parties as being the most where soils are in poor condition and fuel important to develop initially. Nigel is a Senior Teaching Fellow at the Centre in short supply. for Small and Medium Sized Enterprises With the support of Warwick University, (CSME), and teaches the MBA optional In 2002 various links between Warwick the interested parties from DPRK were able module Entrepreneurship and New Venture University and the DPRK led to the to visit the UK during March 2005, and Creation; and the Starting a Business module proposal of an economic regeneration spend further time engaged in research and to undergraduates. Previously involved in marketing and sales management in the leisure project (EIRIN) in DPRK, involving analysis of the project. The main focus of industry, he ran his own business and acted as agriculture, renewable energy, food the visit was to explore the possibility of an advisor and mentor. processing, manufacturing, business manufacturing the FPU at the factory in training and trade. A project site was DPRK. It has a large work force, and also He has supervised international projects in identified in DPRK where various has many hectares available as farmland to Botswana, Uganda, Nigeria and Kazakhstan and, following the collapse of the Iron Curtain, sustainable technologies could be produce food to feed the workers and their helped run and teach part of an EBRD funded demonstrated and disseminated, and an families. programme to encourage Russian scientists to invitation issued to the BDA to visit DPRK. take their technology toward commercialisation. I travelled to DPRK in November 2003
  15. 15. India nexus: summer 05 focus on asia 15 on track in India Vishal Jhunjhunwala (MBA 2001–2) is a Senior Brand Manager with Tata Services Ltd, India. He is currently responsible for marketing the association between his employers and Formula One as Tata have sponsored the first ever Indian driver in the F1 championships. why WBS? Considering I gambled by applying to just one school, I am sure I made the right decision and have no regrets. I believe whatever you put into a programme and campus life you get twice as much out. I made certain I had a life outside of academic work – represented the University at squash, and kept active by playing sport or travelling. My ‘year out’ as I like to call it, was one of the best decisions I have ever made. It also helps to have great professors – those who not only know their subject but also take pleasure in teaching it in an interesting and interactive manner. The first name that comes to mind is P ost WBS I took a four month break and in 2003 I joined the Tata Group in the corporate brand team. I am employed by Currently, I am working on a very exciting project – Formula 1 motor racing – as the Tata Group has sponsored the first Indian the late Peter Doyle. Coming from an advertising background, I thought I knew what marketing was about, but Tata Services, based in Mumbai, a division driver in F1 with the Jordan Team. I am he provided new and disruptive ways of Tata Sons, the holding company for therefore responsible for marketing this of approaching the subject. In fact, all all Tata Group companies. This division association which involves advertising, the professors had their quirks which provides certain centralised services to promotions and events and on-line added to the academic edge that WBS Tata Group companies in order to reap marketing. I even got to experience the provides. the benefits of economies of scale, on a Melbourne and the Malaysian Grand Prix no-profit no-loss basis and corporate brand races from the pits thanks to this project! I couldn’t have seen myself warming to management falls within this remit. Operations Management or enjoying Tata had a total revenue of US $14,251 the Strategy courses had it not been for Apart from the fact that the Tata Group is million in 2003–4 and employs a total of people like Mike Lewis, Bob Johnston, India’s most respected conglomerate, the 220,219 people. The Group incorporates John McGee and Duncan Angwin. challenge to manage India’s most trusted over 90 individual companies. brand is what primarily attracted me to the job. In addition, the profile included I plan to build on my experience and sports marketing, brand advertising and within the next five years be in a position event management – aspects that were in to head a corporate communications line with what I was looking for in a brand department, either within Tata Services, the author in minute management role. another Group company, or if opportunity knocks, possibly even outside the Tata Vishal was born in Bombay (now Mumbai) As a brand manager, I report to the Group. and went to boarding school in India. As an Vice President and am responsible for undergraduate he gained a BA in Economics in the developing, implementing and managing I would also like to dabble in academia and United States. He joined Triton Communications in the marketing plans involving media, am considering some part-time lecturing 1994 as a Client Servicing Executive and worked his way up to Account Director. creative, TV, promotions, market research work in brand management at a nearby and PR for the various projects assigned management school. Vishal was with the same advertising agency for to me. This includes the responsibility nearly eight years and managed large Indian for proposal writing, sourcing partners, brands in categories such as liquor, FMCG, consumer durables and tobacco, before coming to discounts/offers and ensuring efficient the UK in 2001 to study for an MBA at WBS. budgeting.
  16. 16. 16 success builds success changing people’s lives advancing business knowledge creating the best learning environment Be part of the process ‘There is no doubt that having gained my MBA in 1989 I was A recent and much belated return to the School found me looking forward to re-gaining some of my life outside my standing in one of my old lecture theatres where happy studies, only to find that literally within a matter of a few memories of weekly robust discussions with Peter Doyle came weeks I was really missing the intellectual stimulation of the flooding back. This coupled with a realisation of what WBS course and the camaraderie of my peers. I have no doubt that had done for me, made me determined to become involved in the School played a fundamental role in helping me gain wider helping the School deliver its exciting future plans.’ expertise and experience in facets of the business outside of those for which I had been professionally trained. Two Geoff Percy, MBA, Class of 1985 management buy-outs later and I remain grateful for all that I CEO Accantia plc & Warwick Business School Donor have learned at WBS. w www.wbs.ac.uk/about/development
  17. 17. 17 alumni strategy 17 board? Would you like to have a say in what goes on at WBS? Would you like to help shape the alumni strategy for the School? have your say WBS is looking for volunteers from across of the School using our global network of the decades, from all courses, and from all alumni volunteers. To have your chance to influence the industry sectors, who are willing to share School’s alumni strategy, and to learn their business expertise, their knowledge Current Board members work in more about the work of the Board, and their enthusiasm to ensure that WBS banking and finance, consultancy, please contact Nathalie Walker, Head of remains at the very top of management telecommunications, the public sector, Alumni Relations, on education. manufacturing and education, span T +44 (0)24 7652 4176, or by email four decades of education at SIBS/WBS, E nathalie.walker@wbs.ac.uk. Current Board activities include setting represent nine different courses and are up a programme of activities for recent geographically diverse. It is this mix Alternatively, you can send a CV and graduates (to be known as GOLF … which ensures the actions of the Board are covering letter to the above email Graduates of the Last Five years), relevant to the whole WBS community. address. The applications process will benchmarking exercises against other close at the start of November. Details leading business schools, planning Over the last four years the Alumni Board will be circulated via eNews, so please activities for the Business School’s 40th has come to be a fully elected body that is ensure that you complete your details anniversary in 2007, interaction with representative of the Alumni Association as online so we can get in touch. current students and promoting awareness a whole. undergrads in society by Helen Brand, President, Warwick Business School Society (WBSS) as well as excel in the WBSS sports teams and of course in their degrees. The WBSS Forum is the society’s flagship event. Focusing on strategic leadership in 2004 and entrepreneurship in 2005, our new Forum coordinators have great ideas on how to move this event forward. The new social committee has already started planning a multitude of social events for which WBSS is renowned within the University. As well as the unparalleled ‘Leamington bar socials’, we also plan to repeat the success of the first ‘Warwick Business Ball’ (see nexus spring 05). We have continued support from many of our partnership sponsors and the corporate committee is already working hard planning tailor-made events for our undergraduates in conjunction with these companies. President Helen Brand (front row right), with fellow members of the WBSS Executive Committee The society has gone from strength to strength over the last few years and we hope that 2005–6 will be no exception. Congratulations go to the newly elected The Warwick Business School Society If you would like to get involved with WBSS Executive Committee. All applicants (WBSS) provides an opportunity for the Society through sponsorship or were extremely strong and we are sure that undergraduates from WBS and business participation in our Forum, please do not those elected will work extremely hard to related degrees to socialise with like hesitate to contact me. produce another outstanding year for the minded students, learn skills to make society. themselves more saleable in the job market E helen.brand@wbss.co.uk