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Nexus Spring 2010 Nexus Spring 2010 Document Transcript

  • 1 Warwick Business School Alumni Association magazine: spring 10
  • 3 message from the acting dean 3 It is a great privilege to now be in post as advocates and leaders) and in developing our strategic international Acting Dean of WBS, as we say farewell to partnerships. This will not only sustain WBS, but also advance our Howard Thomas and undertake a rigorous standing in Europe and consequently make us a more serious global recruitment process for a permanent Dean. contender. To ensure WBS drives ahead its vision and mission to be firmly positioned with the 3 Research excellence top European business schools by 2015, we We need to prepare as never before for the next Research Excellence cannot afford to rest on our laurels. As such, Framework (REF). Although the criteria and metrics for assessing Professor Nigel Thrift, Vice-Chancellor, has asked me to remain in post research excellence have yet to be clarified, there is little doubt that for a year if required. I shall also ensure there is a smooth handover to exercise will focus on the quality of publications, number of research the new Dean so that he or she does not start the job on day one with grants, number of PhDs and completion rates as well as that slightly the disadvantage of no or little contextual understanding of the School. elusive 'impact' factor (yet to be properly defined). It is certain that I have offered to spend a few weeks helping and advising the new our competitor schools will be similarly gearing up and preparing appointment as necessary. for the REF which is currently scheduled to take place in 2012/2013. I look forward to working with our Associate Dean for Research, Over the year ahead I have identified three main challenges but also, and you all to ensure that we have the strongest possible return of of course, opportunities that we need to deliver on as we drive ahead excellent research activities. to 2015: If we can advance in these areas, we are sure to overtake our 1 Global relevance and accessibility competitors and to bring advanced relevance and value, not only to We need to demonstrate more fully our influence upon the world of our existing community of alumni, friends, donors and associates, practice and policy. We also need to communicate effectively how but to a growing one. Working closely with Deputy Deans Professor our research is listened to and acted upon, across industries. It is Bob Johnston and Professor Simon Collinson, with the scrutiny our responsibility in an uncertain world to be working alongside and and guidance of our advisory boards and alumni volunteers, not to advising governments, executives, board members and managers to mention our corporate and institutional partners, and with help solve global issues. These global challenges include (inter alia) Ben Plummer-Powell and our development and alumni relations organisational resilience to extreme events; the use of knowledge and team, we can succeed despite the challenges. As my late friend, Peter creativity in innovation; service transformation; leadership, governance Doyle often reflected, 'success builds success'. This is, therefore, not and the economic and social impact of an ageing population; and, of a time to put the brakes on, but to accelerate and to build upon our course, sustainable energy – a most fitting focus for this edition of legacy. With your help, I know we will achieve our goals. nexus. Thank you to you all for your support over the years and I hope to 2 Partnerships and investment continue to meet and work with as many of you as possible in 2010. Undoubtedly there will be further cuts from the UK government to higher education. By demonstrating relevance and value through our research and teaching, we need to command greater corporate and individual financial support to ensure we can continue to invest in our faculty appointments, in the most talented students (our future Professor David Wilson contents 12 26 17 In this edition of nexus we focus on global energy 4/5 Development and alumni relations office/Alumni board 6–9 WBS news 10/11 The challenge of energy: David Elmes, Professor Richard Higgott, Dr Gill Owen 12 Competitive markets and the home of the future: Ian Peters 13 Making the UK a world leader in CCS technology: Nick Horler 14 A 'more electric' automotive landscape: Henri Winand 7 13 15 Working in wind: Lars Landberg 16 What next with the oil and gas sector? Paul Nicholson 17 The low carbon society: Professor Andrew Sentance 18 WBS development programme 19 personal and career development 20 Warwick Global Conference: India report 21-24 Overseas and UK networks – news and event reviews 25 Hot off the press 26/27 Alumni news and appointments
  • 44 nexus: spring 2010 the development and alumni relations office and alumni board If we were asked to reflect on 2009 has been a challenging but 2009, most of us would probably highly successful year for your recall the same thoughts: a year Alumni Board and we are sure that of financial turmoil, of failing 2010 will present even greater banks and immense challenges for challenges, as we seek to establish businesses – a period of instability an ever increasing presence in and uncertainty for most of us. many regions and professional sectors across the world. As an alumnus of WBS, we hope and believe you have been better Our Board priorities for 2010 will equipped to face these hurdles focus on four main areas: head on and to make the best of them. Throughout such tough H Communication: including times, our alumni have shone further developments to our through, achieving promotions, new alumni web site to enable establishing successful start-ups peer-to-peer interaction and and receiving business accolades greater access to research and and awards. You can find details information of these achievements in the H Enhancing the alumni offering: following pages. moving towards a framework of additional tailored services Times of crisis offer us a tremendous opportunity. As an individual, or H International development: a key area of our activity as we seek to as an organisation, they encourage us to reflect on our core values, to support the development of new networks and activities across a wider re-focus and re-prioritise, to connect and re-connect with those important range of countries to us and to prepare robustly for the time ahead. They also demonstrate H Student engagement: working with alumni to develop relationships our need to put the foot on the gas, not to ease off – as Acting Dean David with each and every current student cohort to enhance graduation Wilson has demonstrated. activities. Your School and your Alumni Association could never be more relevant There were changes within your Board during 2009, not least of which – as you seek to broaden your professional networks, extend your was Gill Thewlis’ decision to step down as Chair. I would like to express my knowledge and support your career path, we are driving ahead the thanks to Gill and other Board members who, individually, have all made services we offer to you. We have had an unprecedented increase in our significant contributions during their time on the Board. global events, international groups, professional groups and mentors, and we were overwhelmed by the number of applicants we received to join The induction of our new Board members is underway and following our Alumni Board. our Board Retreat in January, we are developing action plans for the forthcoming year, building on our understanding of what you need and In 2010 we shall continue to work with you to ensure that we deliver want from your Alumni Association. We trust you will continue to connect, a relevant and world-class service, driven and supported by our key learn and develop with us in 2010. alumni advocates. Ongoing access to knowledge and research and an unparalleled professional network will form the basis of this service. Nick Jessett (EMBA 1985–89) Chair of the WBS Alumni Board Finally, my thanks to all of our alumni and friends who are working so hard to deliver even more value to our Association and to our School. Even in a thank you to previous board members challenging economic environment we have more donors and donations than ever before. Together we are making a tremendous difference – we From top left: look forward to working with you further in 2010. Gill Thewlis Alison Bond Ananda Roy Deputy Director, Development and Alumni Relations Mark Whitley David Sykes Jemima Bird some key dates for 2010 Karamjit Singh Saturday 19 June : Academic Update seminar Janet White Kate Spencer Friday 12 November: Entrepreneurship event Paul Edwards Saturday 13 November: Warwick Global Conference : Warwick Simon Peatfield W www.wbs.ac.uk/alumni/events.cfm John McGee Usman Adam
  • 55 your new alumni board members Cristiano Coppola Tanya Sammut Bonnici (FTMBA 2007–08) (PhD 1999–2004) European Client Relationship Manager, Lecturer, University of Malta Unipart Logistics Through the Alumni Board, I wish to contribute I have joined the WBS alumni board primarily to to the development of a portfolio of services that raise the profile and image of the School among add value to the professions of alumni across the alumni and the general public. the globe, and which increase the significance of being part of the WBS Alumni Association. Julia Evans Matt Stocker (MMBA 1995–2000) (BSc Management Sciences 2001–04) Chief Executive, National Federation of Builders Director, Matt Stocker Ltd The Board demonstrates the WBS commitment Having benefited greatly from my own to engaging with and listening to its alumni in a involvement with the WBS Alumni Association, very meaningful and constructive way. It makes I am excited by this opportunity to be part of sense for any business to listen to is customers developing the Association and extending these and this is one of the ways WBS does this. benefits to other alumni. I want to be part of this 'big' conversation! Andrew Fletcher Alison Watts (FTMBA 1990–91) (MMBA 2001–08) Owner & Managing Director, Icendris Ltd I have benefited greatly from the work of the Alumni Association and want to ‘give something As MD of a management training company, I am back’. A senior, experienced leader, I offer passionate about people development. I hope commercial and client relationship skills and a to support the Board's engagement strategy by strong international interest. further developing the Continuous Professional Development offering. Richard Owen Hilary Robertson (DLMBA 1986–91) (DLMBA 1989–97) Director, Holland House Associates Ltd BPO Strategy Director, Steria I get a lot out of my WBS alumni activity and I aim to bring experience of working with hope to use my skills and experience to help teams from the emerging economies with their increase the benefit of engaging with WBS to appetite for continuous development to help us alumni generally. harness all the talent in our alumni network. Navdeep Athwal Ronan Morrissey Current student, MSc Marketing & Strategy Current student, Warwick MBA by full-time Class of 2009 study, class of 2009 As an Alumni Board member I will act as an I wish to advise current students what can be ambassador for WBS and thereby contribute to gained from developing a relationship with the its continued success across the world. I will be Alumni Board and also to bring students’ ideas looking at new ways of reconnecting the alumni to the Board’s attention. and students. Jon Lees For more information about the key role of the WBS Alumni Board w www.wbs.ac.uk/alumni/theboards.cfm As both the new Executive Director of the Warwick MBA and as an alumnus of the Link with us on LinkedIn programme (EMBA 2002–06), I am delighted to have joined the Alumni Board. I hope this Join us on Facebook will enable me to maintain and improve the Follow us on Twitter relationship between the MBA and its alumni community. Links to all the groups can be found at w www.wbs.ac.uk/alumni
  • 6 nexus: spring 2010 WBS news awards and achievements for staff... WBS faculty influence public sector policy- One of the most sought-after and makers and executives coveted international awards for academic faculty working in the field Professors John Benington and Jean Hartley of the Governance & Public of management is the annual Best Management Group co-authored a paper, commissioned by the National Article Award given by the academic School of Government and the Public Service Leaders Alliance, setting journal, Academy of Management out the parameters to promote and cultivate leadership capability across Review. The US-based journal is one the public service. This paper achieved strong media coverage, both in of the top two academic journals in national and international print and online news media, and across the all of management, by citations and range of public sector media outlets. on most other measures. Michael Mol, Associate Professor of Strategic Minister for Local Government, Dr Brian Gibbons, announced the Management, was announced membership of the Welsh Anglesey Recovery Board, including Dr Zoë the 2008 winner for the article Radnor, Associate Professor (Reader), Operations Management. Management Innovation, jointly- authored with Julian Birkinshaw A new Ipsos MORI report highlighted the major contribution made by the and Gary Hamel of London Business Michael Mol WBS Postgraduate Diploma in Local Government Management (PDLGM) School. Previous winners include to the intellectual and professional development of graduate trainee renowned academics from schools such as Harvard, Wharton and managers in the local government sector. Columbia. The article brings to the forefront the need for organisations to be innovative in their management practices, as much as they are in their products and business processes. Much to her surprise and delight, and with some embarrassment, both awards at the 18th annual IPSERA (International Purchasing and Supply Education and Research Association) conference were won by Helen Walker, Associate Professor at WBS Undergraduate student prize winners in the Operations Management surrounded by UBS presenters and WBS faculty Group. Helen Walker Congratulations to Juergen Branke Our Dean Professor Howard Thomas attended his farewell lunch, held at of the Operational Research & WBS, on Monday 21 December. He received a camera and camera holder, Management Sciences Group and Qing Wang of the Marketing & Strategic and to reflect his love of the sport of rugby and his Welsh nationality, Management Group, both have been through the University's promotion a Welsh rugby shirt and Welsh rugby football signed by many WBS panels and are promoted to full Professor. Zoë Radnor of the Operations colleagues. Management Group was promoted to Associate Professor (Reader) earlier this year. Howard officially left at the end of January, to take up the role of Distinguished Professor of Strategic Management and Dean of the Lee In addition, Scott Dacko, Amanda Goodall, Loizos Heracleous, Keith Grint, Kong Chian School of Business at Singapore Management University. He Bob Johnston, Michael Mol – again!, Howard Thomas, Qing Wang, and has been made a WBS Emeritus Professor. David Wilson have all received recent and varied acknowledgements or prizes for their research and publications. for WBS … Warwick Business School has been fully reaccredited by the Association of MBAs (AMBA). The AMBA report confirmed that all our efforts to develop and improve our offering and services have been successful and AMBA’s recommendations were positive. In the rankings, we have again risen in the annual WhichMBA Guide, now branded as The Economist's ranking. WBS is now 22nd in the world, a rise of 9 places in 3 years. Professor Howard Thomas (centre) with colleagues David Wilson and John McGee at his farewell lunch
  • WBS news nexus: spring 2010 7 programme news WBS with Cardiff and Manchester Business Schools – all top tier Undertaking their Practice of Management module, five MBA students at university-based business schools – signed up to work collaboratively WBS worked with the international peace building organisation CORD to on the Undergraduate Partnership Programme (UPP), developed by help develop their social networking programme. CORD, based close to The Institute of Chartered Accountants in England and Wales (ICAEW). campus in the nearby town of Leamington Spa, has worked in the post- The UPP is designed to offer undergraduate students of accounting conflict field for 42 years in 26 major conflict zones. 'Communications and and finance the opportunity to gain work experience in a professional the world of new media are vital components of CORD's operation, and accountancy firm or similar business environment as part of their degree. offer huge potential to engage with more people in the work of building Dr Raymond Madden, Executive Director of Learning & Professional peace,' commented CORD’s Chief Executive Brian Wakley. Development at ICAEW, commented, ‘As we have seen so starkly, nobody is immune from the current economic climate and this initiative will help provide students with invaluable support to help them gain employment or further their education.’ An alternative way of studying for the MSc in Management – by blended learning – was launched in August with a start date of April 2010. This Masters course by full-time study took its first intake in 2006. WBS is an established leader in the provision of distance and blended learning programmes and is recognised as an innovator in online learning. The blended learning format will be taught by intelligent use of current technology, including the highly popular and successful wbsLive. wbsLive is a virtual classroom environment which offers audio, video, application sharing and content display to anyone with a computer and an internet connection. Using this system students will interact with the lecturer via text or voice in real time, carry out group work in online breakout rooms and present findings and make presentations live to other colleagues online. It will therefore build upon the tried and tested techniques of MBA students help CORD on Practice of Management module blended learning, enabling candidates to continue studying while already in employment or looking for work, during a career break, or even on vacation. Deloitte, the business advisory firm, is pioneering a new initiative from global conference to local with WBS to bring a real life systems integration consulting project to entrepreneurship pilot postgraduate students. MSc students on our Information Systems and Management course begin their academic year with a module designed The Warwick Global Conference jointly by Deloitte consultants and Warwick academics. series aims to provide an opportunity for global business The first cohort of the Warwick Diploma in Service Leadership, taught and political leaders, policy makers, by WBS faculty in Singapore at the prestigious Singapore Institute of and academics to examine some Management, has recently graduated with a record 100 per cent success of the most critical issues affecting rate. The third cohort of over 30 participants commenced study in July. business, economic and social growth. New Delhi was chosen to launch the Warwick Conference Series on Saturday 14 November 2009 and thanks to the sponsors, speakers and all attendees, the event was a great success. The WBS Development & Alumni Relations Office (DARO) and alumni took the opportunity to host several networking events in India before the conference. See the full report on P20. Business Link West Midlands announced a high profile ‘Business Transformation’ pilot in collaboration with WBS to support sustainable high growth and business transformation of small and medium-sized Warwick Diploma in Service Leadership graduates enterprises (SMEs) with high growth potential across the West Midlands. ‘This is an exciting initiative which will undoubtedly help hard-working Donations by Warwick Business School's ‘Friends of WBS’ have led to and potentially successful entrepreneurs. The resulting growth of the two awards being offered for MBA applicants in 2010 who suffer with participating firms will be of benefit to the West Midlands as a whole, and long-term disabilities. One totalling £2,500 is for Distance Learning MBA provide relevant, targeted and practical support to businesses which need applicants, and the other – a £10,200 scholarship for a Full-time MBA this kind of assistance in the current challenging times,’ said Professor participant with a long-term disability or with a dependent child or Roger Mumby-Croft of the Enterprise Hub at WBS. partner with a long-term disability. There is more news we do not have room to report in full – honours for our Honorary Professors, the annual Warwick Finance conference in London, Cornell-Warwick doctoral conference, MBA sailing reports, wbsLive goes live, to name but a few. See all our news at w www.wbs.ac.uk/news
  • 8 nexus: spring 2010 research review A study by Dr Julia The Local Government Kotlarsky, ISM, acts Centre celebrated on evidence that its 21st anniversary Europe's CFOs and in autumn 2009, CIOs need help having contributed to communicate significantly to the the full return on School's profile and investment from ongoing research Julia Kotlarsky Gill Owen Xavier Lemaire Howard Davis outsourced business effort. The Centre has arrangements. Results of research by Cognizant Dr Gill Owen and Dr Xavier Lemaire, CMuR, recently been awarded a new research contract in conjunction with WBS, carried out among undertake research on sustainable energy from the Department for Environment, Food CIOs and CFOs across the UK, Germany, policy in developed and developing countries. and Rural Affairs (Defra) for work on Costs and Switzerland, Benelux, France and the Nordics, Over the past three years they have been efficiency savings to local authorities from new highlight how business leaders are not getting producing reviews of policy and regulation as roles and responsibilities arising from the Flood to grips with measuring the full financial impact it affects sustainable energy in a number of and Water Management Bill. This will be led of the outsourcing contracts they commission. regions of the world, with a particular focus on by Howard Davis, Acting Director, and Katrina ‘A combination of proven methodology, developing countries. Regions covered include: Ritters. industry expertise, and tight integration of Latin America; Eastern, Central and Southern business strategy into outsourcing objectives to Africa; Central and Eastern Europe. Their most Commissioned by the Institute of Customer effectively measure, improve and communicate recent review covered India – both at federal Service, an LGC research report entitled It’s outsourcing's true impact is required to ensure level and a state by state analysis. They are a culture thing – The challenge of change – outsourcing delivers on its promises,’ confirmed currently working on a similar review for China customer service in local government, examining Julia. and the Chinese provinces. Xavier is particularly the nature and development of customer w tinyurl.com/yakbxvj interested in off-grid regulation in rural areas service approaches in local government in the of developing countries, whilst Gill’s focus is on UK, has been attracting media interest. Professor Paul smart meters and smart grids. w tinyurl.com/yj4k3hs Stoneman, MSM, has w tinyurl.com/yls6eqs produced a report on Soft Innovation, published by National A project on Professor Joe Endowment for Improving the Nandhakumar, ISM, Science Technology capacity of healthcare has been awarded and the Arts organisations to funding under the Paul Stoneman act on evidence in Innovation Research (NESTA). The report patient safety aimed Initiative for an uncovers a picture of rapid innovative change to investigate the exploratory project of an aesthetic nature – what he terms 'soft practical problems on Valuing innovation: innovation'. Paul argues that current policy Davide Nicolini Joe Nandhakumar and available an exploratory study distorts the economy by supporting innovation solutions for healthcare practitioners doing of developing business models for 'serious' of a technological and functional nature, and Root Cause Analysis (RCA). RCA is a widely computer games. Professor Harry Scarbrough neglecting innovation of a soft kind. While used investigation methodology for reviewing and Dr Nikiforos Panourgias are also involved. recognising the increased levels of support patient safety incidents and preventing their 'Serious games' are products that seek to governments have given to the creative re-occurrence through producing organisational use the technologies of computer games industries in recent years, he calls for an learning. The research, the first of its kind in and the skills of computer game developers 'overhaul' of innovation policy to recognise soft the UK, was conducted by a multidisciplinary and designers to address the problems of for innovation activities both within and outside team led by Dr Davide Nicolini, IKON, and example, training and development, decision- the creative industries. w tinyurl.com/lqah78 funded by the EPSRC. It examined how RCA making, and organisational change, which face is applied in the aftermath of different types most businesses and organisations. The project of adverse events, the challenges it poses aims to contribute to theory development in New research from for the investigators and the organisation, this area by exploring the relevance of a new Dr Sue Bridgewater, whether it is perceived as useful, and whether theoretical framework – termed 'regimes of MSM, highlights the the recommendations generated through worth' – to an empirical study of two case- problems which occur the process impact generate organisational studies of serious games innovation. when football clubs learning. w tinyurl.com/y9enwnm w tinyurl.com/yk7vjug change managers. Popular myth would have it that In partnership with The scheme is a B2B voucher scheme designed Sue Bridgewater a football manager Aston Business School, to broker new partnerships between SMEs and ‘is never more than six games away from the CSME has recently creative firms and is located in Manchester. sack.’ Certainly, football managers tend to be won a three-year dismissed when they have had a poor run of contract to evaluate Professor Stephen Roper of WBS will be leading results – although occasionally the trigger may the Creative Credits on the econometric aspect of the evaluation, be pulled after a victory or may be prompted by Innovation Voucher supported by PhD student Lorraine Morley. something other than results. scheme being funded Stephen Roper w tinyurl.com/yas59v8 by NESTA. w tinyurl.com/yho8hj6
  • research review nexus: spring 2010 9 Since June 2008, In the SOLAR unit, researchers from research is being WBS and the conducted into one Computer Science of three priority department led by areas, 'Security and Vladimir Deineko resilience'. In addition (ORMS) have been to the established working on designing large research project Paul Marginson Guglielmo Meardi Vladimir Deineko Bridgette Sullivan-Taylor optimal routes on organisational Professor Paul Marginson and Guglielmo for commercial waste collection services in resilience and how MNCs and SMEs are Meardi, IRRU, have compiled a report for Coventry City Council (CCC). The collaboration developing the capability to cope with strategic the online European Industrial Relations is supported by the EPSRC funding body and decision making under uncertainty, a new Observatory on the impact of multinational the centre for Discrete Mathematics and its project has begun which examines an increasing companies on collective bargaining over pay Applications (DIMAP). First results report that threat facing organisations working in emerging and conditions across the 27 member states application of new algorithms may lead up to markets and offshore locations (in the energy of the European Union. The report finds that 20 percent savings in transportation costs (fuel and other sectors). The project examines how under multi-employer bargaining arrangements consumption, use of vehicles, etc). organisations are managing body politics ie; MNCs have been a major source of pressure w www.warwick.ac.uk/go/dimap the risk of kidnapping and hostage taking in for decentralisation, giving greater scope for these locations and how intelligence is being company negotiation. Under single-employer For years WBS has used a special tool to shared between target organisations both off bargaining, MNCs often act as pacesetters. allocate students into equitable teams, and onshore. Anyone working in organisations MNCs make widespread use of cross-border to spread evenly students with different and locations facing these risks who would comparisons of costs and performance in local backgrounds, skills and cultural origins. The be interested in participating in this research negotiations in manufacturing. The result is combinatorial type algorithms behind the should contact implementation of cost-saving and flexibility- tool had been developed by Vladimir and PhD E Bridgette.Sullivan-Taylor@wbs.ac.uk enhancing measures, particularly in a context of student Thomas Ridd. Warwick Venture experts w www.wbs.ac.uk/faculty/research/solar.cfm company restructuring. Relocations, actual and are currently involved in the commercialisation threatened, heighten the coercive pressures on of this product. More information about WBS research can be local negotiators. found via the Press Centre in news and features w tinyurl.com/ye5kfen w www.balancedgroups.com w www.wbs.ac.uk/news connect, learn, develop – Recognising that learning and development never ends, have a look at the increased Warwick is now on iTunesU w www2.warwick.ac.uk/itunesu online number of short courses available through Executive education and the Careers team, Since the launch of your new alumni web site as well as some of the services run by the in July 2009, new services have been and will Development and Alumni Relations office. continue to be added as we seek to improve our w www.wbs.ac.uk/alumni/personaldevelopment service to you. Check out the media area where you can access an increasing library of podcasts Looking for a former classmate or new contact? and clips from previous events and activities Use our online directory to get back in touch around Warwick w www.wbs.ac.uk/alumni/directory w www.wbs.ac.uk/alumni/podcasts Link with over 3000 members on LinkedIn The new student page launched for induction Connect with the 2000 members on Facebook in October 2009, demonstrates our ongoing Follow us along with 400 followers on Twitter commitment to WBS students. Links to all the groups can be found at w www.wbs.ac.uk/alumni/students-class-reps w www.wbs.ac.uk/alumni contact details Pam Barnes Development & Alumni Ben Plummer-Powell In–house photography by John Weatherly Alumni Publications Officer Relations Administration Director of Development and Alumni Alumni Association t +44 (0)24 7652 4396 T +44 (0)24 7652 2813 Relations nexus is the magazine of the Alumni Warwick Business School e pam.barnes@wbs.ac.uk E alumni@wbs.ac.uk T +44(0)24 7652 4188 Association, Warwick Business School University of Warwick E ben.plummer-powell@wbs.ac.uk T +44 (0)24 7652 4306 Coventry CV4 7AL Alison Bond Ann Jackson United Kingdom Deputy Director, Development Development and Alumni Charlotte Wilkes The views contained in nexus are those of t +44 (0)24 7652 2813 and Alumni Relations Relations Officer Associate Director, Development contributors and not necessarily those of f +44 (0)24 7652 3719 T +44 (0)24 7652 4176 (International Affairs) T +44(0)24 7615 0075 Warwick Business School or the University E alumni@wbs.ac.uk E alison.bond@wbs.ac.uk T +44 (0)24 7652 8197 E charlotte.wilkes@wbs.ac.uk of Warwick W www.wbs.ac.uk/alumni E ann.jackson@wbs.ac.uk Design by Morse–Brown Design Kathryn Chedgzoy Jen Young w www.morsebrowndesign.co.uk Development and Alumni Tracy Lynch Development and Alumni Relations Relations Officer Development and Alumni Events and Office Co-ordinator (Corporate Affairs) Relations Officer T +44 (0) 24 7615 0171 T +44 (0)24 7615 0515 (Student & Regional Affairs) E jennifer.young@wbs.ac.uk E kathryn.chedgzoy@wbs.ac.uk T +44 (0)24 7652 8487 E tracy.lynch@wbs.ac.uk
  • 10 nexus: spring 2010 energy the challenge of energy David Elmes, Academic Director, The Warwick Global Energy MBA, sets out the challenges facing the energy sector and introduces the ways in which teaching at WBS is tackling those challenges. As we are preparing articles on the energy Who's who and the roles that institutions are evolution of the industry and its role in society: industry for this edition of nexus, there is playing are also shifting. Countries that own the role of regulation, the development of daily speculation in the press on whether the energy resources look to do more themselves. the low carbon economy and the politics of UN Climate Change Summit in Copenhagen Previously, they might have relied on energy. We also look at how trading binds the will deliver a global deal on the emission of international companies headquartered in the industry together, how innovation is delivering greenhouse gases. By the time you read this, developed economies. Companies from China, alternative energies and how the industry you will know what was or was not agreed. India, Russia, Brazil, Malaysia, the Middle East finances and delivers the major capital and some African countries, now take key investments needed for progress. For WBS, the international diplomacy of roles across the industry. This is often in close climate change is part of a more fundamental collaboration with their governments who see The new modules extend the way MBA transition in the energy industry that energy as critical for economic development programmes have historically looked at the is changing management practices and and security. performance of a firm and now explore the rewriting the way the industry interacts with firm’s role in society. They involve faculty governments across the globe. In 2007, WBS from across Warwick who are teaching started to gather its thoughts and teaching on Energy is getting harder MBA modules for the first time on subjects the energy industry as part of the School’s aim as diverse as politics, regulation and the to understand the challenges that managers to develop and produce. economics of the low carbon society (see face in tackling global issues. This has now Professor Andrew Sentance’s separate article included the launch of The Warwick Global For the traditional oil and on P17). Energy MBA in May 2009 – a part time MBA gas resources, new finds are for people working in the industry that Professor Richard Higgott and Caroline combines the management education of the smaller and offer greater Kuzemko of the University of Warwick’s Warwick MBA with an understanding of the technical challenges while Department of Political and International challenges and opportunities that lie ahead for Studies, are highlighting how the international the energy industry. the major fields found in political economy influences the energy the past now face declining industry. ‘When people discuss the energy From extensive discussions with executives transition, they usually refer to the transition and alumni in the industry, we identified three production. from fossil fuels to energy sustainable on a themes that are combining to cause a more long term basis with lower carbon emissions. rapid transition for the energy industry than There are, however, closely associated and changes in the past: The third factor is the issue of climate change. important political questions circulating in the All of these changes in the industry need international political economy about what H Developing and providing energy is to be achieved within the constraints of the appropriate market, state and institutional becoming more difficult, both from changing the way energy is produced and conditions must be to ensure this transition. traditional or alternative sources consumed. The goal is much lower carbon emissions without halting economic growth The transition needs to take place in such a H The roles for companies, governments and and development. What this means is a very way that continuity and affordability of energy other institutions involved are changing different energy industry in the future from supply is maintained due to the vital domestic the hydrocarbon-focussed one that supported and commercial roles that energy plays. These H Climate change sets a challenging new economic growth during the 20th century. are highly significant questions with potentially framework for the industry drastic economic, social and political Together these factors lead to an industry implications. A study of recent economic and Energy is getting harder to develop and whose current pace of evolution leaves behind political transitions across Eastern Europe, produce. For the traditional oil and gas many traditional models of competition. particularly Russia, reveals just how uncertain resources, new finds are smaller and offer Managers face a more complicated landscape periods of transition can be, how much change greater technical challenges while the major where you have to understand multiple they can lead to and how outcomes can differ fields found in the past now face declining sources of energy, changing roles in the from initial intentions.’ production. For renewable and alternative industry and how addressing climate change energies, the plan is to develop significant will transform the industry. The new module on The Politics of Energy levels of energy production in a very short points out that during periods of steady and time. The plans to develop, deploy and scale- In developing the Warwick Global Energy MBA, affordable energy prices, net energy importer up renewable energy supplies reflect rates we are revising about three-quarters of the nations tend to expend less political capital on of growth rarely seen in capital intensive coursework used in the traditional Warwick securing energy supplies. During times of high industries. MBA programmes. New modules look at the and volatile pricing, however, energy crises are
  • nexus: spring 2010 energy 11 re-born and consumer nations are reminded sustainable sources of energy. Gill and Xavier of the extent to which modern economies are recently attended the World Forum on Energy David Elmes is reliant on energy. Regulation where sessions covered a broad Academic Director of range of topics including energy security, the Warwick Global investment, competitiveness and affordability. Energy MBA and The role of regulation ‘There was a notable increase in the number of sessions devoted to renewable energy, Senior Teaching Fellow Warwick MBA at WBS. in the energy industry is energy efficiency, climate change and other David joined WBS after sustainability issues. The regional regulatory more than 20 years changing as governments associations from around the world agreed a working in the energy seek to influence supply, joint statement on climate change that was and management consulting industries. released at the Forum. In this statement they demand and the transition outlined their commitment to play a major role His focus is on the development and implementation of changes to sustainable sources of by overseeing the development of efficient that transform a company's performance and climate responsible energy markets.” including the changes in organisation, culture, energy capabilities and performance management that Regulators find themselves caught between enable and sustain new ways of working in ever- the evolving policy ambitions of governments changing circumstances. ‘Looking at the transitions ahead, concerns and companies’ need for a clear regulatory about climate change mean we now have a framework if they are to make the major, long Professor Richard number of politically stated goals, particularly lead-time investments required. Regulators Higgott is Pro- with regard to reducing CO2 emissions. Climate have to figure out how it will all work – ‘Several Vice Chancellor change academics challenge what they sessions dealt with the role of regulators in for Research perceive to be the ‘business-as-usual’ political implementing market mechanisms to achieve and Professor response to development of a sustainable a significant reduction of CO2 emissions. of International energy system. They argue for increased Political Economy at the University of political investment in facilitating the transition There was a reasonable consensus on the idea Warwick. Richard as the questions of who pays for the past that putting a price on CO2 emissions was not was Foundation and who invests in new technologies for the enough and that further energy policies are Director of the future can only be resolved at the political needed. A number of speakers were quite ESRC Centre for the level. The transition will be politically complex critical of the cap and trade mechanisms Study of Globalisation and Regionalisation at but fascinating. Innovative thinking across for various reasons. Some feared that such Warwick. He is also Senior Scientist and Director economic, political and social spectrums will a mechanism could lead to very high prices of the EU Framework 6 Network of Excellence be vital.’ for electricity, others feared that emissions on Global Governance, Regionalisation and trading schemes can produce carbon prices Regulation and a Senior Fellow in the Institute of Governance and Public Management at WBS. When domestic or international politics do that are too low or too unstable to incentivise He has particular expertise in the international reach points of agreement, governments enact investment in energy efficiency and renewable economics and politics of East Asia and the policies and establish regulatory structures energy.’ international economic institutions, especially to guide the energy industry. In another new the WTO. module focussed on Regulation, Dr Gill Owen, As the Warwick Global Energy MBA Dr Xavier Lamaire and Professor Martin Cave approaches its second intake, the challenges Dr Gill Owen is Senior use their experience from WBS’ Centre for of the energy industry continue to mix what Research Fellow Management under Regulation to highlight companies can do themselves with the role at the Centre for the management challenges of operating in they play in an evolving, more global society. Management under regulated industries such as energy. Through WBS’ teaching and research, we hope Regulation at WBS. to contribute a greater understanding of the Gill is a member of Gill and Xavier run a network called the management practices and policy-making the Competition Sustainable Energy Regulation Network on required for success. Commission; a non- behalf of the Renewable Energy and Energy executive member of Efficiency Partnership, an international NGO. We hope you enjoy the following perspectives the Ofgem Board; and a consultant on energy This network provides information to energy featuring alumni from across the industry and policy to government departments and energy regulators around the world on how policy do please contact us if you share our interest companies in the UK and overseas. She is also and regulation can facilitate the growth of in the Global Energy industry. a member of the Fuel Poverty Advisory Group renewable energy and energy efficiency. and Ofgem's Social Action Plan Review Group, For more information on the Warwick Global as well as being Policy and Regulation Adviser The role of regulation in the energy industry Energy MBA visit to the Renewable Energy and Energy Efficiency is changing as governments seek to influence Partnership (REEEP). supply, demand and the transition to W www.wbs.ac.uk/students/mba/global-energy
  • 12 nexus: spring 2010 energy competitive markets and the home of the future Ian Peters (FTMBA 1988–90) Chief Operating Officer, British Gas, explains the key role of energy efficiency and the adoption of new technologies in a world of climate change. It is widely acknowledged that the UK energy It may seem counterintuitive that an energy market faces significant and unprecedented company helps its customers reduce their challenges in securing future energy supplies, consumption of energy. In fact, our 9,000 combating climate change and delivering engineers and network of training academies affordable energy to consumers. give us the unique ability to bring energy efficiency and microgeneration to the mass Declining reserves of North Sea gas mean that market. British Gas is the UK’s largest supplier gas imports are expected to rise 75 percent of energy efficiency. We have insulated over by 2015. One quarter of power stations are 1.5 million lofts and cavity walls in the last expected to close within the same period as five years, we are the UK’s leading supplier ageing plants and environment requirements of A-rated high efficiency boilers and we’re lead to accelerated closures. exploring new technologies in partnership with other companies such as developing a fuel cell Meanwhile the Government has set out a domestic boiler that produces both heat and comprehensive plan to cut UK emissions by electricity for homes. 34 percent by 2020 and at least 80 percent by 2050. To deliver this target they estimate that We also see the national roll out of smart 40 percent of the UK’s electricity will need to meters as key to helping customers understand be from low carbon sources by 2020 including a the energy they use. Smart meters display rise in electricity from renewables from 5 to 30 and record real time information on electricity percent. and gas consumption. The Government has committed that 46 million smart meters should Developing these energy sources requires be fitted into domestic customers homes by of partnerships that British Gas has established major investment – Ernst and Young estimates 2020. British Gas has already installed 60,000 – with a large number of charities, retail partners as much as £199bn by 2025. Companies must the largest programme in the UK. and local authorities, working on an ‘area-by- make a fair rate of return in order to make area’ basis like we are already doing in the new investments of this scale. Centrica alone has The key to making smart meters a success Community Energy Savings Programme (CESP) committed to investing £1.5bn a year in securing is building customer engagement to act on new energy supplies. In the last year, we have the information that a smart meter provides. In summary, the energy sector faces some invested £2.3bn for a 20 percent share in the Energy suppliers and installers must all play an significant challenges relating to UK security of nuclear operator British Energy, £750m on the active role in making Britain’s homes greener. supply, climate change and affordability. We Lincolnshire coast offshore wind farm and built Suppliers such as British Gas have the technical believe that competitive markets have delivered a new gas-fired power station at Langage near capability, the operational capacity, the financial so far and are best placed to meet these Plymouth at a cost of £400m. strength and the track record to deliver energy challenges going forward. It is essential that the makeovers at scale and with pace. consumer remains at the heart of what we do. The cost of supporting low carbon and network As part of that, we at British Gas are committed investment is growing by around 9 percent pa in We have just completed what we believe to be to maintaining our leading role in helping absolute terms and as a percent of customers’ the largest ever piece of research into customer our customers improve the efficiency of their bills. OFGEM, the energy regulator, has predicted energy consumption. We have analysed housing and to help them manage their energy bills will rise by up to 25 percent by 2015 in all 78 million meter readings between 2006 and bills in a higher priced environment. scenarios – with spikes of up to 60 percent. 2008 and correlating consumption savings with actions customers have taken to improve the Against this backdrop, energy efficiency and energy efficiency. Our data shows an average the author in minute the adoption of new technologies such as 21 percent reduction in gas consumption of 18 microgeneration boilers and solar photovoltaic percent for 300,000 customers every year for Ian’s responsibilities at British Gas include have an even greater role to play not only in whom we install insulation, and an average 21 offshore operations, metering and billing, debt reducing carbon emissions but also helping percent fall for the 100,000 customers every management, Centrica Group IS, Insurance, customers manage their energy bills. year for whom we install a new boiler. We British Gas Business, and ‘Energy First’, the believe that the relationship between customers largest customer facing residential energy Some 40 percent of emissions come from and their energy supplier has had the single business. He is also Chairman of British Gas homes. The UK’s Climate Change Committee biggest impact on energy savings on the UK. Services Ltd and a Trustee of two Centrica argues that some 10 million lofts and 7.5 million Pension Funds. With over 25 years experience in a variety of energy and financial services cavity walls need to be properly insulated by We all recognise that a further step-change in positions, Ian has gained expertise in strategy, 2015, and all the 12 million inefficient boilers in consumer behaviour is needed to meet our marketing, finance and business operations in a people's homes must be replaced by 2022 if the stretching carbon reduction targets. This will range of financial services companies. Government’s targets are to be met. require even more innovation such as the range
  • nexus: spring 2010 energy 13 making the UK a world leader Nick Horler (DLMBA 1987–91) Chief Executive, ScottishPower, examines the competition for carbon capture and storage (CCS) and highlights the importance of leading the race. Two years ago, ScottishPower and 9 other Canada to deliver this crucial technology first companies entered a carbon capture and and not give away CCS like we gave away storage competition in the UK that was very nuclear or wind power? Comparing ourselves much at the cutting edge of what was then with projects across the globe, we will be the embryonic global development of carbon capturing CO2 from coal with a retrofit solution capture & storage (CCS). at a location able to access proven storage sites in the central North Sea. With just a few projects around the world then, the UK Government had taken a lead. The location also gives us access to a ready It recognised the need for a commercial CCS made skills base as hydrocarbon extraction solution to the challenges posed by climate declines and we have the partners and alliances change and the opportunities and advantages to share what we learn across the globe. Finally, of being the first mover. we have already started. Longannet is a real power station delivering power today. Our Back then, people understood there was carbon capture test rig has now been operating tremendous economic potential, and recent night and day for well over 2,000 hours. And our figures now bear out just how big this goal is to demonstrate full chain, full scale CCS opportunity actually is. The Department for by 2014 – a goal that leaves serious contenders Energy and Climate Change recently reported across Europe only just getting to the starting that clean coal technology could bring between blocks. two and four billion pounds a year into the UK economy by 2030, and support up to sixty We wholeheartedly back, support and applaud thousand jobs in engineering, manufacturing CCS and we at ScottishPower were down to the the UK Government’s path-finding role in the and procurement. last four. Here was a chance for the UK to lead journey towards global CCS. But let’s not just be the world in a brand new technology that could the first to demonstrate the technology but the make a significant positive impact on climate first to deliver and realise the potential of first change. We were delighted that our retrofit mover advantage. Our carbon capture test solution secured the early support of NGOs, in rig has now been operating particular the WWF. It is the competition that has got us this far and it is the competition that I believe will enable night and day for well over There are now in excess of 70 projects around us to show the world we can demonstrate and 2,000 hours. And our goal is the world today. Some are no more than discussions or vague feasibility studies. But deliver full scale CCS first. to demonstrate full chain, full others at first glance look like they’ve overtaken To learn more about CCS and our competition us in the race to deliver this vital technology. bid, visit w www.scottishpowerccs.tv scale CCS by 2014 – a goal that leaves serious contenders So where are we now in this global race? How does the UK now compare having raced out of the author in minute across Europe only just the blocks first? Let’s look at the facts. Recently, getting to the starting we at ScottishPower along with our consortium partners Aker Clean Carbon, Shell and Nick Horler was appointed ScottishPower CEO in June 2008 following a career in which he has blocks. National Grid submitted the final technical held senior strategic roles in major companies submission about our scheme for our coal fired both in the UK and abroad. His appointment power station at Longannet in Fife. It spelled follows the company's successful integration with With over 20,000 coal fired power stations out in detail what our CCS scheme will look like, Iberdrola, – one of the world's largest energy companies. ScottishPower has quickly become worldwide, developing a skilled CCS workforce, how much CO2 it will capture, by when and a principal engine of growth of the Iberdrola building on the North Sea offshore skills, could crucially what it will cost. E.ON did the same, Group, employing over 10,000 people in the make the UK the centre of excellence for and with RWE deciding not to submit, we are generation, transmission and retail of energy in this technology, creating tremendous export now one of the final two companies in the the UK. potential for UK PLC in a post-recession, low- competition. We will hear early this year who carbon world. gets the green light for the final phase of the Before joining ScottishPower, Nick was Executive competition, which will run through the best Director of E.ON UK PLC and had held other A year later and the pace was beginning to hot part of 2010. senior executive positions in that group for more up with 5 fully integrated projects around the than 10 years. Prior to this he spent twelve years globe. The government’s competition ensured But will that be enough on the global stage? with Phillips Petroleum (now ConocoPhillips). that the UK still held a strong lead in developing Can we ultimately beat France, the US and
  • 14 nexus: spring 2010 energy a ‘more electric’ automotive landscape Dr Henri Winand (MMBA 1999–2003), Chief Executive, Intelligent Energy Holdings PLC, explores the vehicle technologies needed to address future transportation needs. Diversification of transportation fuels the successful introduction of hydrogen-fed fuel According to the International Energy Agency’s cell vehicles to market, targeting the year 2015. latest World Energy Outlook, today’s worldwide transportation industry is over 90 per cent Fuel Cell Vehicles (FCVs), Battery Electric dependent on oil. The introduction of hydrogen Vehicles (BEVs) and consumer attitudes as a transport fuel for use in fuel cell hybrid When pure BEVs and FCVs are compared, it is or other hydrogen vehicles would increase worth considering the infrastructure to support diversity of supply as well as reduce the carbon them and consumers’ behaviour in selecting footprint of the sector. A recent report from and using their vehicles. The ‘refuelling’ time the US National Research Council suggests required to charge a pure BEV is much longer that hydrogen fuel cell vehicles could lead to a than needed to refuel vehicles with petrol, reduction in gasoline consumption of as much diesel, compressed natural gas (CNG) or as 50 per cent by 2035, reducing CO2 emissions hydrogen. While FCVs will need a hydrogen from light duty vehicle transportation by a fuelling infrastructure, this can be a hub- similar level. and-spoke supply network similar to how oil and gas is supplied today. Whether BEVs are A portfolio of vehicle technologies supported by home recharging points, curb-side A portfolio of vehicle technologies is needed to recharging points or battery swapping systems, address future transportation needs. There are a highly networked and distributed recharging roles for battery only electric vehicles, plug- infrastructure is needed that requires larger in hybrid electric vehicles, gasoline or diesel capital outlays and attracts larger operational hybrids as well as fuel cell hybrid vehicles. and maintenance costs. Pure battery electric vehicles (BEVs) are getting The way consumers buy and use their cars a lot of attention right now, but they are not a is often ignored when looking at pure BEVs. realistic option for the long-term transformation Where consumers have the opportunity to of how we think about energy and clean recharge at home in their own garages, as in serve a wider combination of transport needs transport. Distance per recharge and time to the USA, the land available on a per capita and consumer preferences. The solution is a recharge will always be challenges. Most fuel basis means they also drive further than in portfolio approach to cleaner and more efficient cell vehicles (FCVs) use batteries alongside regions such as Europe where houses are transport with hydrogen playing a central role. the fuel cells in what are essentially hybrid usually smaller with more street-based parking. Not a pure ‘electric’ transport system, but a power systems – batteries and fuel cells are Therefore, geographies where people have ‘more electric’ transport system. complementary technologies. the space to charge at home involve longer commuting distances and so the range of BEVs Fuel cell hybrid vehicles are the best technology becomes a concern. Where people have shorter the author in minute to simultaneously address emissions, air commutes, space for curb-side BEV recharging quality and energy security concerns in a cost reaches saturation. Dr Henri Winand joined the Board of Intelligent competitive and scalable manner. Moreover, Energy Holdings PLC as Chief Executive in this can be achieved in vehicles that deliver Strategies for the rapid take-up of alternative September 2006. He was most recently Vice similar performance in terms of range and vehicle technologies often ignore the fact that President of Corporate Venturing at Rolls-Royce consumers purchase vehicles with mobility PLC, the power systems provider for land, sea refuelling time to today’s combustion engine and air. During his time with Rolls-Royce, Henri vehicles. These are critical factors that freedom in mind. Having to plan one’s journey managed a power systems business, introduced consumers and fleet customers consider when around the operational needs of a pure BEV new manufacturing technologies into the group making their purchasing decisions and which will require significant customer education. and was responsible for defining and supervising cannot be ignored in ensuring prompt market This is often slow, costly and dependent the implementation of strategies for deriving take-up. upon sustained and consistent government additional value from the group’s technology incentives to achieve a complex shift in modes assets. This is a view shared by the leading automotive of transport. companies. Major car makers Honda, Toyota, Intelligent Energy is a privately held clean power and Daimler all recently made announcements In summary systems company serving the transportation, on when FCV commercial production will Pure BEVs have a particular niche in our oil and gas, aerospace, defence, distributed begin. Furthermore, in September 2009, a future transportation system: large cities generation and portable power markets. Intelligent Energy addresses these markets using memorandum of understanding was signed by where consumers have the opportunity to its proprietary fuel cell and hydrogen generation Daimler, Ford, General Motors, Honda, Hyundai, recharge at home, at work and on the curb- technologies. Kia, Renault, Nissan and Toyota to cooperate on side and where range is not an issue. FCVs w www.intelligent-energy.com
  • nexus: spring 2010 energy 15 working in wind Lars Landberg (DLMBA 1999–2005) Research & Development Director, Garrad Hassan, Denmark, recounts his experience of the wind energy industry. Wind energy is a swiftly growing industry, with many years of double figure growth The modern wind industry rates. Manufacturers, investors, developers, originated in many ways operators, utilities and consultants make up the industry. A recent European Wind Energy in Denmark, but is now Association study showed that on average for not only a European, or the last five years, 33 new people have been employed in the European industry every single Western World, but a global day. The financial crisis has, of course, hit the wind energy sector but not as hard as other industry. By some counts industries. The industry watchers expect slightly more than 50 new wind more turbines to have been installed in 2009; growth, but nothing near double figure growth. turbine manufacturers have established themselves in The modern wind industry originated in many ways in Denmark, but is now not only China in recent years. The a European, or Western World, but a global industry. By some counts more than 50 new major players in the market wind turbine manufacturers have established include Vestas, GE, Gamesa, themselves in China in recent years. The major players in the market include Vestas, GE, Enercon, Suzlon, and Gamesa, Enercon, Suzlon, and Siemens. Siemens. Furthermore, due to the fact that it is more The industry has moved from being very difficult to construct wind farms offshore, ‘grass-roots’ to a modern industry with turbines Garrad Hassan is an independent renewable larger sizes of turbines have been on many that have blades longer than the wings of a energy consultancy serving the wind, marine developers’ menus for a long time; this is also jumbo jet. In 2008 the EU saw more new wind and solar sectors worldwide. The company was driving the sizes up, and hence is where the energy capacity installed than any other power formed in the UK in 1984, by Andrew Garrad challenge for the industry can be found. There technology. and Unsal Hassan, to meet the growing demand are very ambitious plans for the development for independent consultancy services in the of wind farms offshore, and a major challenge A typical wind farm project sees the following wind energy sector. is how to provide a suitable electric grid steps: site selection, on-site investigations infrastructure. Ideas such as the ‘super grid’ (including wind measurements), construction, Clients include investors, owners, developers, have been proposed. operation (for 20 years) and decommissioning. manufacturers, research institutions, trade Typically a developer would develop the project associations, utility companies, educational In a rapidly developing industry, research and initially and then either sell it or build and own it. institutions and NGO’s. development (R&D) is a very important facet. w www.garradhassan.com All players carry out R&D, from wind turbine The company I work for, Garrad Hassan, is a manufacturers to consultants, doing projects consultancy that serves the wind, marine and ranging from internally funded to large multi- solar energy sectors worldwide. The role of partner, multi-country ones. In the beginning the author in minute the consultants can be split into two: advising R&D was to a very large extent driven by the the developer/owner or advising the financial big government laboratories, but today most of Lars Landberg has worked in the wind energy counterpart. The job spectrum is very wide, these laboratories are dwarfed by what takes industry since 1989. Firstly at a Danish research ranging from advising governments on wind laboratory (the strategy of which was the topic place in the industry. energy planning, through wind resource of his Warwick MBA dissertation) and since 2007 estimation, to inspecting turbines in the field. at Garrad Hassan, a leading global renewables Even though the industry has seen huge consultancy, as the R&D Director, with growth in employment, you will still find that responsibilities for the company's global R&D Despite the fact that most industry experts most if not all in the industry have ‘green’ efforts. Lars chose to study for an MBA when think offshore wind energy will not inclinations, which makes it a very pleasant he got promoted into middle management, to represent more than 10 percent of the total industry to work in. professionalise his management skills. He also installed capacity, most of the technological has a PhD in physics and geophysics from the development seems to take place here. Two Finally an advertisement! Wind energy is University of Copenhagen. drivers are at play: the harsh environment available right now, and it can play a major role and size. As can easily be imagined a turbine in reducing our CO2 emissions, improving our Recently, Lars has published a book about far offshore in a gale force wind will see a security of supply, and creating new strategy in knowledge-based organisations based much harder environment than one on land. on his dissertation work. sustainable jobs.
  • 16 nexus: spring 2010 energy what next with the oil & gas sector? Paul Nicholson (MSc Management and Business Studies 1971–72) discusses the current volatility of oil and gas prices and the implications for the sector. Formerly Commercial Manager at Mobil North Sea Ltd, Paul now supplies commercial consulting to the oil & gas sector. The news differs every week: ‘still in recession’ Europe or ‘climbing off the bottom of the curve’. With almost no LNG going into the US this year Western economies are passing through all LNG cargoes than can be switched are being recession, recovery is patchy. Growth within arbitraged into Europe. Europe is uneven but surprisingly the US has expanded its domestic energy resources during European gas supplies start to pinch from 2012 the recession to reduce its dependence on so Europe will need more imports from the East imports. China’s growth this year is expected or LNG. Our friends in Russia are just waiting for to be 8 percent. Oil prices are down from the the day! Indigenous Western reserves will not heady heights just before the recession to prices move ahead as the opportunities are expensive around $77 per barrel (bbl) (WTI) but we have and provide only incremental reserves with seen prices as low as $30/bbl. (See Financial a high unit cost. No tax breaks are on offer Times chart below). because of burgeoning current account deficits. Brent crude reserves replacement and increasing demand from third world economies. Source: Financial Times Western governments will want to increase production from the Middle East, maintain domestic reserves, build storage to flatten demand and press for more efficiency at home (CO2 issues). Oil dependency may be reduced but it will be a slow and incremental affair. Third World countries want more of their own production or will import more. It will be a Oil and gas prices are as volatile as ever The outlook looks bleak for new internal roller coaster of a ride on oil & gas prices. New fluctuating recently within the $50 to $80 supplies to ease Europe’s prices and projects will not come on early enough to fill band. Prices react to almost any event dependency on the East. the coming demand gap. So a note of caution whether production interruptions or improving is necessary – we may not have learnt from our economies. The idea that gas prices would over Outside Europe recent experience, very high prices may be just time move away from a linkage to oil prices is As economies move out of recession there will over the horizon. receding. Middle East potentates want oil, and be demand side pressure. North America has gas equivalent prices, to be around the $50/bbl worked out some of its issues but investors need mark with a strengthening dollar. higher long run oil prices before they will invest. the author in minute Developments are on hold until governments/ Investment major companies see a long run oil price that Paul Nicholson, FCA, is a chartered management Many pre-2008 investment plans were costed will support new projects. This is a repeat of the accountant who moved into the commercial side of business both supply chain and sales (oil & on long run oil prices as high as $70/bbl. Most of 90s – low investment and higher finding costs gas) soon after his MBA. He has over 30 years’ these plans are now shelved. Internal economic putting pressure on prices. Interestingly the experience in the oil & gas business, 20 with rates are back at $30-$50/bbl. Liquid Natural International Energy Agency (IEA) has predicted Mobil Corp (ExxonMobil), working in Norway, Gas (LNG) was the big topic in recent years but a doubling of oil prices in Europe if demand in Canada, Brazil, Holland, Ireland and the UK. Paul projects are now on hold. the West cannot be slowed or reduced as other now provides strategic commercial support to world economies begin to use more fossil fuels. various oil & gas businesses, finalising deals in The big surprise is the speed with which the US the UK and elsewhere. has developed new sources of indigenous gas What next? supplies, mainly from shale. LNG imports to the It seems the oil price is unlikely to crater; the His commercial experience ranges from US this year will be the lowest for more than lowest ebb of the recession has passed. Oil managing and negotiating deals for very large on five years as a result. The new administration prices will continue to fluctuate, hovering and offshore projects in Norway, Canada and the has also maintained the bio-fuel subsidy, putting between $50-$85/bbl for the next couple UK, gas sales in UK/Europe, asset deals, start ups and specialist contract negotiations. Paul also pressure on grain supplies worldwide. Who of years. However, in the long term all the has public utility experience in power generation would have predicted the link between food and pressure is on the demand side; the run down and water. He is currently working on gas sales fuel 20 years ago? of indigenous reserves in the West, inadequate issues in Holland and New Zealand.
  • nexus: spring 2010 energy 17 the transition to a low carbon society Andrew Sentance, Professor of Sustainable Business, explains the concept and discusses how the transition will need to be managed. The concept of a ‘Low Carbon Society’ reflects will help send the right signals. But it is also likely the growing scientific consensus that significant that a Low Carbon Society will also need to be a reductions in carbon dioxide and other higher energy price world in general – creating greenhouse gas emissions will be needed to the necessary incentives for energy efficiency stabilise the future global climate. At the global and financial rewards for investment in low level, the UK Committee on Climate Change carbon energy sources. has recommended halting the growth of emissions within the next decade and achieving The second lever is support for technology. A a reduction of around 50 percent by 2050. For wide array of low carbon technologies will need the UK, with a higher starting level of emissions, to be developed and deployed and stronger an even bigger cut – around 80 percent – is likely financial incentives will be needed, for example to be needed. through the tax system and R&D support. A third key lever is regulation. Higher standards are now being set for the energy efficiency of Many businesses are buildings, appliances and vehicles. But a wider already recognising that range of regulatory initiatives may be needed, given the scale of the challenge. The various ‘there is no alternative’ to a forms of regulation applied to the energy and future Low Carbon Society, transport sectors of the economy have a vital role to play, given the importance of these and are developing strategies, activities to meeting the low carbon challenge. technologies and investments Many businesses are already recognising so that they can compete in cars and other road vehicles. Bio-fuels may also that ‘there is no alternative’ to a future Low have an important role to play in reducing road Carbon Society, and are developing strategies, this future world vehicle emissions and in aviation. Across all technologies and investments so that they forms of transport – in the air and on the ground can compete in this future world. Through our – there needs to be a concerted drive to raise research and teaching programmes at Warwick Achieving these substantial emissions cuts, fuel efficiency. That will rely heavily on applying Business School and across the University, we even over several decades, is a formidable new technologies to vehicles and aircraft, as can help business and policy-makers as they undertaking. Throughout our industrial history, well as more efficient transport systems and seek to manage this transition. economic growth has been associated with infrastructure and possibly changes in travel rising energy use, largely from fossil fuels which patterns too. For more information on the University of generate carbon emissions. Absolute cuts in Warwick Low Carbon Society initiative emissions have previously only been seen in A step change in energy efficiency will also be w www2.warwick.ac.uk/fac/cross_fac/low_ wars, recessions and at other times of economic needed elsewhere in the economy. This can carbon trauma, such as the collapse of the former partly be achieved by better insulation and Soviet Union. heat conservation in buildings, alongside more energy efficient appliances. New technology has the author in minute So how will we manage the transition? There are a key role here as well – helping to exploit local specific challenges for the energy and transport sources of renewable energy (eg solar panels Andrew Sentance is Professor of Sustainable sectors. A radical decarbonisation of power and domestic heat pumps) as well as ‘smart Business at WBS and a member of the Bank generation will be required, so that electricity meters’ to monitor and manage energy use. of England's Monetary Policy Committee. His becomes a source of energy supply which can previous roles include Director of Economic be produced with very low carbon emissions. But none of this will happen without the right Affairs at the CBI, Director of the Centre for Traditional renewables (wind, solar, wave and incentives. Adam Smith observed that ‘it was not Economic Forecasting at London Business School tide) can help, but will not be sufficient on their because of the benevolence of the butcher, the and Chief Economist and Head of Environmental own. Other sources of decarbonised energy brewer, or the baker, that we expect our dinner Affairs at British Airways. need to be developed and exploited – including but from their regard to their own interest.’ bio-fuels, nuclear and carbon capture and Three major levers will need to be deployed so Throughout his career in business and academia, storage. that individuals and firms see their own interest he has been an active contributor to the public policy debate on economic, energy and in making the transition to a Low Carbon Society. environmental issues. A more plentiful supply of low carbon electricity can also support the reduction in transport The first is price. Putting a price on carbon emissions, through the introduction of electric emissions through taxation or emissions trading
  • 18 WBS development programme ‘My diverse background in an international environment that includes education and work in the US was a catalyst that encouraged me to explore new frontiers. I was in a phase of life where I believed pursuing an MBA from an institute of world repute would be an ideal career development opportunity that would enable me to realise my aspirations. After a thorough research of several business programmes I was motivated by the real life stories at Warwick. A few of the factors that cemented my belief about the Warwick MBA were the excellent course structure, a stellar team of faculty and students from all over the globe and a strong alumni network which stands out in comparison with other MBA schools. Once I had decided that I am going to pursue my MBA at Warwick, being a single mother of a three year old child it was going to be financially challenging for me to take a year off from work to single-mindedly pursue an MBA. The WBS scholarship came as a blessing, made life easy and was a major factor towards enabling this smooth transition from work to MBA. ‘Life at Warwick is a perfect harmony of peace, hard work and social interaction. It has everything from a beautiful natural setting, cultural activities, sports and proximity to London. Everyone in the university is friendly and makes sure that students settle in comfortably and the campus feels like a home away from home. The faculty and staff are indeed exemplary. ‘I believe that the success of a business based on a promising technology requires smart management and the blend of experience from both worlds, my engineering background and the Warwick MBA, will be invaluable towards realizing my professional and personal aspirations.” Adrija Biswas Full-time Warwick MBA Scholar, 2009–10 ‘I am donating to create a scholarship for a WBS student because knowledge and the right analytical methodologies prepare you for life-long exploration or career development in different frameworks and different environments.’ KK Mui DLMBA 1987–91 Director Berry Bros. & Rudd Hong Kong The WBS Dean Thomas Fund Telephone campaign WBS has established the Dean Thomas Fund upon completion of The next telephone campaign will take place in June 2010. The Howard Thomas’s ten year tenure at the School, during which time telephone campaign helps to ensure that regular contact is he has contributed enormously to WBS and its reputation. maintained with our alumni. Students and alumni will call alumni to share experiences, provide an update on developments at Warwick At Dean Thomas’s wish, instead of a gift to mark his departure, and WBS and to offer the opportunity to donate to the WBS members of the Boards of WBS have contributed to the fund. Development Fund. Dean Thomas has requested that the fund is used to support undergraduate scholarships. We hope that you will both enjoy and value the conversation and will consider making a gift to Warwick Business School. If you would like to make a donation to the fund, please visit w www2.warwick.ac.uk/alumni/giving/donate/online/single filling in your details and selecting the option ‘WBS Dean Thomas Collection’ from the donation direction list. How to give Further information is available via these links, but the WBS Development & Alumni Relations team would also love to speak Further details on how to support WBS can be found online at to you whether you would like to make a suggestion, find out w www.wbs.ac.uk/alumni/supportwbs.cfm more about getting involved with WBS or have any questions about making your donation. You can give online via the links on our web site to give a gift instantly via debit or credit card to the University of Warwick in T + 44 (0)24 7652 2813 support of WBS (please select the Global Enterprise option). E development@wbs.ac.uk w www2.warwick.ac.uk/alumni/giving/donate/online/
  • 19 career development your career in 2010 you want a promotion you want to change your Where do you want 2010 to take your career completely career? Carol Rue, There is a position coming up at work and It’s been hard to admit this to yourself but Director of Personal & you want to go for it. How do you convince you finally know what you want to do. How Career Development, management that you are the right person can you reach your new career goal? offers her advice on for the job? four common career Talk to people who are working in your scenarios. Plan – use our ACCORD © structure to assess target position and build your contact base your expertise, achievements, strengths and through face to face and online networking. preferences. This will enable you to update ACCORD © your career strategy and take action to achieve the progress you desire. Discuss options with friends and colleagues or with a coach in one of our Career Consultations. Consider Executive Coaching Market yourself – explain how you meet to help you define and action your career each element of the job and person strategy. specification in your application and sell your achievements. Make it easy for them to put Gain experience and knowledge of your your application on the ‘yes’ pile! desired career through unpaid or short-term work. Engage with decision makers and influencers in your organisation in a way that will show Consider how you are going to get into your you at your best. That may be asking them for new industry. Do you need to retrain? If so information or advice, or volunteering to help can you keep your current job while you do? on a project which is important to them. you like your job but not you are out of work the industry you work in Assessment You wish you could take your job and move You don’t seem to be getting anywhere Self-awareness; strengths & achievements; what am I? what do I have to offer? it to an industry that interests you. But you despite applying for jobs. How can you move don’t have any experience in that industry. forward and get back to work? Culture How can you convince a potential employer to take a chance on you? Grow your network using formal and Your values and goals; finding the right fit informal contacts and sites like LinkedIn. Career Know yourself – undertake self assessment tests like CareerLeader® and Realise2 and Remember, a large proportion of jobs are not advertised so you need to get your name out Career planning; USP; assessment methods discuss your results with a coach. You will there. Options understand your preferences and strengths in greater depth and be able to sell yourself Target your applications and speculative Understanding the market; conducting more effectively. letters. Show that you understand the research organisation and the industry they operate Route Make contacts online and at events. Sign up for the Alumni Association mentoring in. Your campaign; networks; dealing with scheme and search the alumni directory to Focus – work 9–5, Monday to Friday and roadblocks; back-up plans; opportunities find contacts in your target industry and ask set yourself targets. Keep evenings and Destination their advice. weekends free to maintain your energy levels and perspective. Offers and negotiation; first 90 days; your Research – to be successful you will need to contribution; moving on know your target industry inside out. Use the Get help by booking a free Career Health internet, press and our online resources to Check, a Career Consultation with a qualified booking and information improve your knowledge and identify target companies. coach or by joining the Alumni Association mentoring scheme. To book Career Consultations, free Career Health Checks; Executive Coaching; Self Highlight your relevant experience, interests Investigate how you can use your Assessment Tests or to access our free online and passion in your CV, cover letters and transferable skills in an alternative industry resources visit applications. Consider unpaid and project or function. w www.wbs.ac.uk/careers/alumni/ work to enhance your CV. and follow the links to Paid for Services.
  • 20 India Warwick Global Conference: New Delhi CASE international volunteer event On 12 November, Alison Bond, Deputy Director, DARO, Professor Bob Johnston, and Delhi network members Manish Poddar and Harisharan Singh were invited by CASE to lead a seminar for alumni professionals and volunteers in Delhi. Manish Poddar (FTMBA 2006–07) reports: ‘The CASE New Delhi was chosen to launch the Warwick Conference Series on event was a wonderful platform to share ideas and experiences on how to Saturday 14 November 2009 and thanks to the sponsors, speakers and all run successful alumni activities and create network opportunities. Alumni attendees, the event was a great success. from global and local India institutions participated in the discussion. The event was organised by the WBS DARO team on behalf of the WBS alumni representatives also exchanged thoughts and practices for University of Warwick and sponsored by Aircel. Taking place at the India fostering strong alumni activities in India and other countries. It was Habitat Centre, the conference provided an opportunity for global business heartening to see the turnout and enthusiasm of the other volunteers. leaders, policy makers and academics to debate some of the critical issues I am sure this event aided all the members of CASE with ideas on the affecting business, economic and social growth. direction in which to take their alumni activities in India.’ Chaired by the Vice-Chancellor, Professor Nigel Thrift, the event began with Entrepreneurship event lively and informative presentations from two of India’s most respected politicians, Mr Sachin Pilot and Mr Arun Jaitley. Throughout the day a series Karnvir Mundrey reports: With a billion plus of presentations by senior members of some of India’s largest and most population, and a market economy – India is influential businesses, encouraged by input from Professors Mark Taylor easily the most entrepreneurial economy in the and Bob Johnston, sparked energetic debates which carried on late into the world. In line with its focus on creating relevant evening at a rooftop gala dinner at the India Habitat Centre. After dinner, educational programmes Warwick once again led Sir Richard Stagg, British High Commissioner gave an insightful speech on the way by holding an Entrepreneurship event the future of India’s fast developing economy. in New Delhi, a day prior to the Warwick Global Conference. Video footage of presentations and photos are available on the Warwick Global Conference web site at w www.wbs.ac.uk/go/wgc01 The event was well-attended and an enthusiastic group of Warwick alumni listened to both the Comments from delegates included: ‘theory’ and ‘practice’ of Entrepreneurship. ‘A good choice of speakers and topics covering current concerns and Saurabh Srivastav, the Chair for the evening – solutions. Intellectually stimulating and informative’ and ‘It was a super is one of India’s pioneering IT entrepreneurs event the WBS Alumni team and the India office have done a great job to and early-stage venture investors. Speakers included Miss Suri of Lalit put this event together. I look forward to similar events in the future.’ Hospitality Group, sponsors of the event, Dhruv Batra of Batra Group, Shantanu Prakash of Educomp, Saurabh Srivastava of The Global Network of Entrepreneurs (TiE) and Vivek Agarwal of Liqvid. Lessons from the Warwick experience were shared by Professor Nigel Thrift, Vice-Chancellor, Chennai and Professor Bob Johnston, Deputy Dean of WBS. It was an illuminating evening, with many practical insights into issues ranging from: to envision Avni Mohindra (MSc Marketing & Strategy or to manage, availability of venture capital in India, to governmental 2007–08) reports: ‘We held a productive regulation.’ evening at the Taj Connemara, in Chennai on 8 November. After a brainstorming session, we identified one of the objectives as organising a number of informal socials To raise the Warwick profile in Chennai, besides organising corporate to stimulate the Warwick nostalgia and events and targeting students through workshops in schools and colleges, camaraderie and garner support of all 88 we also felt getting the parents into the loop would be a good idea. alumni in Chennai. Next on the checklist is While applying for business schools, some of us recollected that Warwick to sustain the network and give the group was actually recommended by friends of parents. ‘This is going to be an a sense of purpose by organising learning exciting venture and we’re looking forward to being on a par with alumni Avni and Vishesh events and workshops conducted by associations all over the world. All it takes is involvement and remembering of the Chennai network speakers eminent in their respective fields. to always give back a little to your alma mater.’
  • 21 21 overseas networks Kolkata Ashish Jhunjhunwala (MSc very informal and relaxed meeting over cocktails and snacks. Issues like MSOR 1998–99) reports: promotional activities, guest speakers and marketing were discussed, all of ‘We had a great event in which would help promote WBS in Kolkata. The wider issue of promoting Kolkata on 9 November, WBS in Eastern India was also discussed. Alison shared her valuable when the potential experience of starting and maintaining networks, everyone exchanged Kolkata alumni group met views and many pros and cons were debated. Ashish Jhunjhunwala and with Alison Bond at the Shivam Rajgarhia took the lead in signing the necessary paperwork and Calcutta Swimming Club. everybody agreed to work together to make the Kolkata WBS Alumni 15 people attended the Group successful so that it can function and grow in the years to come.’ Tokyo WGA Hong Kong celebrates 15 years Sue Beech, DLMBA Programme Manager, hosted an alumni event at On 12 December the Vice the Hobgoblin Bar in Roppongi, Tokyo, on 4 November; the event was Chancellor, Professor Nigel organised locally by Gary Garner (DLMBA 2005–09) and Ryuta Kono Thrift; Acting Dean, Professor (DLMBA 2005–08). Although it was a weekday evening, over 20 Warwick David Wilson; and Director and WBS alumni and soon-to-be alumni attended, and there was much of Development and Alumni swapping of business cards. Relations, Ben Plummer-Powell, joined over 100 alumni and Sue reports: ‘Those present included both Japanese and expatriate alumni friends in Hong Kong for a as well as one or two current DLMBA students, who had taken time dinner to celebrate the Hong out from revision for final exams to attend. Several alumni who were at Kong alumni chapter's 15th anniversary. Warwick in the same year arrived together but soon separated to circulate and meet new contacts; in another corner, two DLMBA alumni from the same cohort were reliving their local study group meetings in Tokyo. There Russian speaking alumni network was a great 'buzz' in our area of the bar as everyone tried to have at least a few words with everyone else present, and there was general agreement The Warwick Russian Speaking Alumni (WRSA) network met at the British and support for the formation of a formal local alumni group, both to Council in Moscow on 11 December. Organiser Maxim Lobov reports: promote the Warwick brand in Tokyo and in Japan more widely, as well as 'Guest speaker Andrey Philippov, Partner, Horton International, spoke to maintain the local network and to enjoy and benefit from each other's on Job market trends. There followed an introduction to the WRSA, company.’ discussion of future plans and presentations from alumni. We then moved to the Marocana restaurant to network and enjoy Moroccan cuisine. It was a good chance to meet old friends and make new ones and to share news and ideas.’ Maxim Lobov e os08ml@mail.wbs.ac.uk Dubai The recently formed Dubai alumni Singapore group held their first official social event in September. This occurred On 20 December, the UoW during the holy month of Ramadan Singapore alumni network held so the event was an Iftar meal held a Christmas brunch at La Villa. at the Atlantis Hotel on the Palm Although not a large group, the Jumeirah. In December a second event was hosted by Hayan Merchant, participants (alumni, current MBA CEO of Ruwaad Holdings, with guest Ben Plummer-Powell, Director of students and family members) Development and Alumni Relations at WBS and guest speaker, Robert had an enjoyable time and Richter of Watson Wyatt, who spoke on Employment Trends in the UAE. most importantly an excellent David Pryer (FTMBA 2003–05) Acting Chairman networking opportunity. Many alumni gave positive feedback on being kept informed about Shanghai Singapore alumni events and activities even though they could not make it on this occasion. This event definitely helped to raise awareness in the Singapore alumni population. Timothy Lui (DLMBA 1998–2005). A Warwick alumni event was held in Shanghai on 30 December 2009, organised by Ian Oades (FTMBA Beijing 2001–02) and Marco Yang. If you would like to get involved in WBS alumni attended a social activities being organised in China event held in Beijing on Friday please contact Ian on 20 November. The event was e ian@stramark.com or organised by Ian Oades and Jen e ian.Oades01@mba.wbs.ac.uk Cao (MA IRPM 2007–08).
  • 22 visitors, global networks and updates visitors to campus Johnny Li (DLMBA 1987–92) and Jimmy Kon (MSc Management and his family visited campus in July, Business Studies 1979–81) was where he met with WBS staff and delighted to be back at Warwick, reconnected with his alma mater. having graduated 28 years ago. Johnny was one of the founders Jimmy (pictured right) is Director of the Warwick Hong Kong alumni of Novo Green Technology, Kuala chapter which celebrates its 15th Lumpur, Malaysia . anniversary this year. He is a partner in Chan Li Law & Co. alumni global networks online toolkit We are delighted to report that WBS/Warwick has set up several new Do take a few minutes to have a look at our web site, particularly if you global alumni networks since January 2009. We now have networks in: want to set up a network. China India – Bangalore Malta w www.wbs.ac.uk/alumni/networks.cfm Dubai Chennai Russia Hong Kong Kolkata Singapore Japan Mumbai US online directory Malaysia New Delhi Please update your details in the online directory to enable us to contact If you wish to get in touch with any of the above networks or are you about future events in your city/country. thinking about starting a new one, please email e alumni@wbs.ac.uk and put the name of the country in the title. w www.wbs.ac.uk/alumni/directory.cfm mentoring programme update A well deserved thank you was received by The revised programme will follow a : Password protected access to the online our mentors and steering group members membership scheme which will incorporate: toolkit/case studies post matching recently from Acting Dean David Wilson who commented, ‘Your dedication and enthusiasm : Administration of application, selection and All new mentees will be asked to pay a one for Warwick in supporting current students and matching process off fee of £100 which covers a two year fellow graduates has been successful and we membership. This fee covers the cost of the can now take this programme to launch.’ : Dedicated personal mentor face to face events and administration of this process, as the mentoring itself is on a Participants from the January pilot gave : Induction/Networking event (Year 1) – a voluntary basis. feedback which proved the value of the current face to face introductory meeting with service and is reflected in the scheme officially an individual mentor, or a steering group The steering committee would also like to launched in February 2010. Following careful mentor or wbsLive induction session welcome new member, Claire Oatway, currently consideration, the steering group has taken the studying on the DLMBA programme, who will decision to roll out the programme annually to : Annual face to face networking event on be giving her direct perspective as a mentee on 70 mentees. campus (Year 2) the group's future strategy. w www.wbs.ac.uk/alumni/mentoring.cfm academic update Professor Loizos Heracleous, Professor of Strategy, spoke on the theme of Quantum strategies and organisational resilience and Saturday 12 September saw the final academic Professor Anthony Neuberger, Professor of update for 2009 on Managing for Strategic Finance, concluded the programme with Using Gain. Professor Howard Thomas, Dean of markets to manage risks. This event generated WBS, started the programme with Managing lively debate and positive feedback. strategic risk: a holistic view, which included valuable input from Risk Management expert The next Academic Update will be held on Ned Robins. Saturday 19 June 2010.
  • 23 network news professional interest groups Warwick Business School Entrepreneurship Network Strategy & Consulting (launching soon) WBS-EN seeks to enable entrepreneurs, funders, SMEs, and anyone who is A forum for interaction between alumni and students working in strategy interested in entrepreneurship to network, share experiences, seek help, and consulting. Aiming to provide fairly regular seminars, workshops and and help each other in business opportunities. networking opportunities as well as a platform for ongoing interaction and discussion, working alongside the Strategy & Consulting Student Society. Warwick Finance Network The soon to be launched Warwick Finance Professional Interest Group is Global Energy (launching soon) supported by the Warwick Finance Research Institute (WFRI). The main To provide a forum for interaction between alumni and students working purpose of the group is to provide a forum for interaction between alumni in Global Energy. from any area of the University who are working in financial markets. Also on LinkedIn are: Women of Warwick Sustainability & the Environment Women of Warwick (WoW) was founded in Spring 2007 to bring together A forum for interaction between alumni and students to discuss and women across WBS, and help them grow professionally and personally with explore environmental practices, sustainability, green technologies, the aim to become a global support network that provides women at WBS behavioural change, regulation, environmental politic and business with the inspiration and motivation they need to succeed in their lives. opportunities. Telecoms Healthcare and Pharmaceutical professionals The Telecoms professional interest group was set up to support the A forum for interaction between alumni and students to discuss and WBS alumni community working in the telecoms, internet, and new explore working in healthcare and pharmaceuticals. media sectors. Regular conference calls are held, which centre around presentations on topics relevant to these markets. We are looking to form committees of alumni with an interest in expanding and developing a number of these networks, working in Public & Voluntary Sector partnership with academics and staff within Warwick. If you are interested A network for alumni and students in the public and voluntary sector. in getting involved, please email e kathryn.chedgzoy@wbs.ac.uk Knowledge transfer through linking academics and practitioners. Developing and sharing good practice and establishing links with overseas Telecoms, Public & Voluntary Sector, Information Systems Management, leaders and managers in the public and voluntary sectors. Strategy & Consulting, Global Energy Information Systems Management For more information or to join one of the Professional Interest Groups, A network for alumni and students in Information Systems Management. please visit w www.wbs.ac.uk/alumni/networks Knowledge transfer through linking academics and practitioners. Developing and sharing good practice and establishing links with overseas The groups are all on LinkedIn; join the WBS Alumni group and look leaders and managers in information Systems management. through the subgroups available. w www.LinkedIn.com interest groups WBS Golf Society Warwick MBA Yacht Club In August 2009, the inaugural WBS The Warwick MBA Yacht Club (WBSYC) is a Golf Day, hosted by Nick Jessett, the group of current students and alumni who new Alumni Board Chair, was held at participate in a number of MBA sailing races the Coventry Golf Club. Following the across Western Europe, and in the future, success of the day, a WBS Golf Society the US. The group consists of both highly is being formed and additional golf days experienced but also novice sailors and offers are in the pipeline. Look out for details opportunities to: visit different countries online soon at every time and sail with/against the best w www.wbs.ac.uk/alumni/golf-group.cfm MBA schools around the globe; learn/ mprove your sailing skills; network (and make friends!) with business professionals from WBS Football club in London every corner of the planet. Thanks to Ali Rehman (MSc Information Systems and Management 2008–09) for volunteering to set up a group for enthusiasts of the game. For more information, a list of events in 2010 and to join, visit their page To register your interest please email Ali via e alumni@wbs.ac.uk as the at w www.wbs.ac.uk/alumni/sailing-group.cfm group has only just been established. Plans are in place to launch a series of webinars in 2010. Access podcasts of the Fora series w www.wbs.ac.uk/alumni/podcasts.cfm Further details will be available shortly. Watch the web Watch interviews from the Warwick events w www.wbs.ac.uk/news/podcasts site for the latest news. w www.wbs.ac.uk/alumni For details of the Fora series in Warwick and London w www.wbs.ac.uk/alumni/events
  • 24 network news and event reviews The WBS Forum series expanded in 2009 with a new set of fora held in London, hosted by Arup, in addition to the regular set at Warwick. Future plans include additional London fora and a series of online fora, enabling the participation of our international alumni. WBS Fora – Warwick WBS Fora – London A varied and interesting series of seminars kicked off in October when a In addition to forming an alumni full theatre of alumni and students turned out to hear the Chief Operating committee, the City has seen the Officer of British Gas, Ian Peters give a fascinating presentation on launch of the new London Fora Competitive markets and the home of the future in a world of climate series. These comprise two-hour change where he set the scene of the future of energy within the context of evening practitioner seminars today's market and supply (see Ian's article on P12). The supper afterwards with a specialist business sector offered an excellent opportunity for networking and further discussion. presentation followed by a debate, rounded off with drinks and Two further successful fora were held in canapés. the autumn term: Peter Gavan, Director of External Affairs at Severn Trent gave a Warwick alumna Caroline Faulkner, attending the first in the series when provocative presentation on In the brown Keith Bedell-Pearce, CBE, spoke on Depression and progression at home stuff… an exploration into the theory and and abroad in November commented: ‘A fantastic inaugural lecture giving practice of Crisis Management with wide real insight into the current state of the world economy to practitioners audience participation, and Guy Fraser- of all disciplines, by an eminent speaker with a unique perspective of Sampson, author of Private Equity as an asset the powers at play, the future we can expect, and what we can do as class spoke on Banking and Private Equity in a individuals to help ourselves.’ Peter Gavan post-crisis world. regional London Midlands Over the latter half of 2009 a decision was taken that a committee was The new committee, led by James Rock (EMBA 1988–92) now consists of needed to significantly increase relevant and purposeful engagement current board, student and faculty members. in the City. 45 local alumni stepped forward and a committee has now been formed with members from a variety of educational and industry Midlands activity in the latter half of 2009 centred on supporting the WBS backgrounds. The group met in October and November to elect strategic Fora series at Warwick and formulating a new strategy for 2010. Aligning roles and sub groups to assist in progressing activity for 2010. themselves with the Alumni Board’s succession strategy the decision was taken to formalise and extend the committee and consequently we ‘The main purpose of the group is welcomed five new members. to build on the work of the Alumni Relations team to create a coherent The new committee was on hand identity for London-based WBS to kick off the festive season and graduates, encourage graduate welcome new members of the engagement and enable us to alumni community at the Almanack, give something back and provide Kenilworth in December. Also planned London committee members is an evening practitioner seminar at meet at the start of the benefits to the wider WBS graduate community in London. This will be Fort Dunlop for January. festive season The Midlands committee achieved through innovative services welcomes new members and events, graduate support activities and coordination with other parts Forthcoming events and committee of the WBS community.’ Richard Goodwin (DLMBA 2000–04), Chairman. information can be found on the Midlands page. w www.wbs.ac.uk/alumni/midlands-regional-group.cfm For latest events, news and a members' update. w www.wbs.ac.uk/alumni/london-group.cfm next issue nexus online The summer 2010 issue of nexus will focus on risk and resilience. Listening to feedback from our alumni community and demonstrating our commitment to sustainability, we will be offering the alternative of If you would like to contribute to the next issue then please email the receiving nexus electronically in future. More details in the next issue editor: E pam.barnes@wbs.ac.uk and on our web site. Interested in advertising in nexus? Contact the editor for more details. We will need your preferred email address to send you the link so please update your details online at w www.wbs.ac.uk/alumni
  • 25 25 hot off the press Integrating Health Fast Track to Success: The Dynamics of with Information Marketing by alumnus Strategy – mastering and Communications Chris Ritchie (DLMBA strategic landscapes of Technology edited by 1988–95) published the firm, co-authored by Professor Wendy Currie by FT Prentice Hall. Dr Duncan Robertson, and Dr David Finnegan, Shows how to align and MSM, published by ISM, published by integrate your people, Oxford University Press. Radcliffe. Considers processes, and company Examines the dynamics the broad issues of promises to create the of strategy to make transforming healthcare customer experience sense of the processes using ICTs, electronic that brings people back of strategising and health records (EHRs), and approaches taken to you, time and again. organising in a dynamic environment. internationally to the healthcare integration w tinyurl.com/ygqmrps w tinyurl.com/ykxqtu7 challenge. w tinyurl.com/yde2379 The Handbook of Principles of International Managing Knowledge Global Outsourcing and Taxation: 2nd edition, Work and Innovation, Offshoring co-authored co-authored by Dr Lynne co-authored by Sue by Dr Julia Kotlarsky, ISM, Oats, ACC, published Newell, Maxine published by Macmillan. by Tottel. Guides you Robertson, Professors Offers a broad perspective through the key issues Harry Scarbrough and on various issues relating and practical aspects Jacky Swan, IKON, to the sourcing of systems of international tax published by Palgrave and business processes practice. Demonstrates Macmillan. Demonstrates in a national and global how different global tax that knowledge work context. systems interact, and how depends primarily on the w tinyurl.com/yl6vyba to prevent paying more tax than necessary. behaviours, attitudes and motivations of those w tinyurl.com/ykkcfkp who undertake and manage it. w tinyurl.com/yjcydx3 The Management of Diversity Management Globalisation, Markets Everyday Life, co- in the UK, co-authored and Healthcare Policy: authored and co-edited by Dr Anne-Marie Redrawing the Patient as by Dr Philip Hancock, Greene, IROB, published Consumer, co-authored IROB, published by by Routledge. Presents by Dr Jonathan Tritter, Palgrave Macmillan. findings from original GPM, published by The practices and UK-based research Routledge. Explores values of management involving in-depth the extent to which are increasingly organisational case globalisation and shaping life outside the studies, interviews, commercialisation relate realm of work and its observation and to current and emerging organisation. documentary data. health policies. It also w tinyurl.com/ykfo9gs w tinyurl.com/ya6qumz looks at the implications for citizens, patients and social rights. w tinyurl.com/y8f4ypr Essential Quantitative Socrates in the Beating the Credit Methods for Business, Boardroom: Why Crunch: Survive and Management and Research Universities Thrive in the Current Finance (Fourth edition) Should Be Led by Top Recession by alumnus by Les Oakshott, Scholars, by Dr Amanda Robert Craven (FTMBA ORMS, published by Goodall, Leverhulme 1990–91), published by Palgrave Macmillan. Fellow at WBS, published The Directors' Centre Comprehensive and by Princeton Press. Ltd, Bath. Written for practical, this text is This book argues that growing businesses, it packed with real world world-class scholars, not pulls no punches about examples and case studies, and focuses on administrators, make the the tough decisions problem-solving. best leaders of research you need to make to w tinyurl.com/yh9q6nv universities. guarantee the future of your business. w tinyurl.com/ylea7kb w tinyurl.com/yzujguv
  • 26 26 alumni news a life-changing Socrates in the experience boardroom Follow the story of how two On 22 October, at the Royal Society classmates from opposite in London, Dr Amanda Goodall (PhD sides of the world first met 2004–07), Leverhulme Fellow at WBS, during their full-time MBA led a breakfast seminar followed by at Warwick; and have never conversation with Sir Paul Nurse, Nobel left each other’s side since Laureate and President of the Rockefeller that moment. University in New York. They were discussing the topic of Amanda's new Kate Fairbairn and Frank book, the leadership of universities. Dempsey first met as classmates on the full-time MBA at Warwick in September 2006. Kate is from New Zealand and had been living and Socrates in the Boardroom – Why Research Universities Should Be Led by working in the UK for several years before deciding to get her MBA. Frank Top Scholars is published by the Princeton University Press. In the book, was a captain in the French Army and had wanted to get an MBA in order Amanda argues that top scholars should lead academic institutions, and to later pursue a career in the family business back home in Canada. appointing a vice-chancellor with stellar academic credentials will improve a university's overall performance. w www.wbs.ac.uk/alumni/news/2009/12/09/How/an/MBA leading innovation call to Elena Martínez Alvarez-Barón network (DLMBA 2001–05) sent in news about the project she is leading Based in Hong Kong, as IT&iTV Training Manager at Bruce Cheung (DLMBA Volkswagen Audi Spain, related to 1994–2000) expresses mobile phones and learning. regret that he did not make the most Elena explains: 'We are using of the opportunities mobiles to teach dealers how to to network during repair cars. It is a very innovative his studies and way of teaching which has been encourages others to successfully implemented in stay in touch. ‘When I finished my DLMBA in 2000 after six years, all my Spain. We use videos, SMS and course-mates had either finished earlier or already left the course, and so other techniques via mobile for it is a pity but we didn't keep in touch at all. improving quality repair as part of our interactive TeleVision (iTV) project. This is a project I have led since 2005. This was part of the Leonardo da I am now in charge of the branch office of an Australian training resources Vinci European Project and Spain was the first country to implement iTV company, Mind Resources in Hong Kong as the Country Manager. I didn't mobile in the market.' realise what I had missed until I met my supervisor from Singapore who is also a WBS DLMBA alumnus.’ early success making news Matt Stocker (BSc Management Sciences 2001–04) emailed: An interview with Thomas Sparrvik (DLMBA 'Having officially started Matt 1995–2000), Vice Chairman of Kontron AG Stocker Ltd in January 2009, and CEO of Kontron America and Asia- I am just about to celebrate Pacific, recently featured in the Military twelve months of business. In Embedded Systems online magazine. this time, I have already had the privilege of working with The Q&A reveals key Kontron strategies a variety of clients, providing and quotes Thomas: 'It has certainly been services ranging from practical an exciting 18 months since the acquisition support to strategic planning, of Thales Computers in March 2008. The and am very grateful for the part they have played in enabling my acquisition enabled Kontron to extend its powerPC-based and relevant company to become a success. I have also launched a brand new web site operating system support to provide everything demanded by the VME, and updated the services I am offering, which now include business vision, CompactPCI, and mezzanine card markets.' business analysis, road mapping and practical support.' w www.mil-embedded.com/articles/id/?4223 w www.mattstocker.com
  • 27 alumni news CBE honour Many congratulations to Keith Bedell-Pearce (MSc Industrial & Business Studies 1968–70) who was awarded a CBE for public service in the Queen's Birthday Honours List in 2009. Keith is Chairman and co-owner of 4D Data Centres Ltd, a company that provides managed server-based hosting facilities and business continuity services; and senior independent director of F&C Asset Management plc. He was formerly Chairman of Norwich & Peterborough Building Society, The Student Loans Company and Directgov. He retired from the main Board of the Prudential in 2001. Keith is a member of the WBS Advisory Board and an Honorary Professor of the School. seed fund appointments Dr Mark Payton (DLMBA 2001–05) is Fund Principal of the Mercia Technology Seed Fund, a circa £13m fund providing spring 2010 finance and intelligent capital to young technology-backed Gautam Banerjee (BSc AccFin 1974–77) businesses based in the West Midlands which demonstrate has been appointed Chairman of the high growth potential. Dr Mark Bowman (DLMBA 1999–2006) PricewaterhouseCoopers India network. is a fellow investment executive. Fawzia Haworth (nee Pirbhai), (FTMBA Mark Payton explains: 'The fund provides early stage, seed 1996–97) has been made Head of Customer finance, and plays an extremely hands-on role with its Retention for online DVD rental and investees. We are constantly looking for new, experienced entertainment company LOVEFiLM.com talent to drive the growth of our growing portfolio as well as investors into new funds as we look to build on our Tim Haynes (BSc ManSci 1992–96) accomplishments to date in the technology space.' has been appointed Organizational w www.merciafund.co.uk Development Director for GSK North America Pharmaceuticals, based in North Carolina. award winner Ceri Jones (BSc AccFin 1978–81) has joined hi-tech lighting manufacturer Enfis as CEO, Manraj Sekhon (BSc Management based in Swansea. Sciences 1991–94), Head of International Equities, Henderson Global Rene Larsen (FTMBA 1989–90) has been Investors, won the Best fund manager appointed Managing Director | Middle East one year award in the Hot 100 category and North Africa (MENA) Region for Deloitte at the Professional Adviser magazine Corporate Finance Limited, based in Dubai. awards 2009. The award was presented at a sparkling ceremony at the Yarom Oren (FTMBA 1996–97) has become prestigious London Hilton in Park Lane. the new Chief Executive Officer of Delek Global Real Estate plc. winning style Richard Price (MMBA 1997–2000) has been appointed Vice President of the Commercial Simon Corbett (MA Organisation Studies 2002–3), Products Business Unit of Perceptron Inc. Managing Director of Jargon Public Relations, has just celebrated the company’s second anniversary in winning Phil Tattersall (BSc Maths 1979–82, DLMBA style by adding several new clients to his portfolio. 1987–92) has joined Cutter Associates to develop their consulting business in London. They range from an international Business School to specialists in HR training, recruitment and coaching; Dr Qing Wang (PhD 1988–94) of the security solutions; enterprise project management; Marketing & Strategic Management Group at business intelligence solutions; and the UK re-seller for WBS has been promoted to full Professor. a 6-rotor remote control helicopter featuring a revolutionary aerial photography system. Jargon has Mun Thim Yoon (FTMBA 1991–92) has been also gone live with a new web site so it is all happening appointed Group Chief Investment Officer of for Simon and his team! Great Eastern Holdings Ltd. w www.jargonpr.com For more news of WBS alumni visit w www.wbs.ac.uk/alumni/news
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