Under the patronage of His Majesty The Custodian of the Two Holy Mosques King Abdullah Bin Abdulaziz Al SaudChairman of the Supreme Economic Council
GCF History 7 GCF 2012 Executive Summary 19Table of Contents Session Highlights Entrepreneurship Village and Portal 29 71 GCF 2012 Speakers 73 GCF 2012 Sponsors and Media 83 Partners GCF 2012 Gallery 91
GCF History Professor Michael Porter Bishop William Lawrence University Professor, Harvard Business School
2007Knowledge-Powered Economy 1st GCF Information and Communication As an industry at the forefront of Technology (ICT) as an Enabler for change, Saudi leaders identified Competitiveness” was the theme and implemented a bold program of addressed at the first ever Global economic reforms and have encouraged Competitiveness Forum held in 2006. the creation of a highly active, The forum explored the impact ICT can innovative and competitive private have on competitiveness and how to sector. The keynote speech – entitled harness that impact to its full potential. “ICT as an Enabler of Competitiveness” was presented by Bill Gates, Chairman Participants concluded that ICT was of the Microsoft Corporation and was a critical tool from which to build a followed by presentations, and panel knowledge-based society with a highly discussions based on the National productive population and economy Competitiveness Agenda and ICT as driven by knowledge-based assets, an enabler in achieving Saudi’s 10x10 skills and innovation, as opposed to one program. based on just natural resources or labor advantages.
2008Global Growth Engine 2nd GCF The second annual Global benefit of competitiveness and to Speakers included Professor Michael Competitiveness Forum was expanded position competitiveness as a key global Porter from Harvard University, John in both scope and size to provide a challenge. Chambers, Chairman and CEO of Cisco, high-profile and global perspective and Professor Stephane Garelli, Director The GCF attracted internationally on competitiveness that would of the IMD World Competitiveness recognized leaders to speak and simultaneously increase the visibility Center. participate and included subthemes of the Kingdom’s efforts and further ranging from education to develop the GCF platform. The event was entrepreneurship, infrastructure to designed to be a premier gathering of innovation and much more. Sessions global thought leaders and innovators, were designed around various aspects who would then go on to participate at of competitiveness to create the the World Economic Forum in Davos. appropriate platform for discussion With the theme of “Competitiveness as by experts, corporate leaders, political an Engine for Economic Growth”, it aimed leaders, NGOs, academics and other to draw attention to the macroeconomic stakeholders.
2009Delivering World-Class Value 3rd GCF The third annual Global Competitiveness At a time when financial distress had contribution to shared prosperity. Forum followed on from and improved erased trillions of dollars in asset value To answer these questions, the world’s upon the first and second forums, worldwide, the Global Competitiveness premier gathering on competitiveness and convened as the global economy Forum’s first speech by Carlos Ghosn, challenges was joined by eminent leaders, appeared to fall over a precipice in Nissan’s President and CEO, declared: executives, intellectuals and Olympic January 2009. “Value creation is what responsible athletes with visionary perspectives on competitiveness is all about”. For nations, The conference’s theme, “Responsible how to link the competitiveness agenda as for enterprises, competitiveness Competitiveness”, provided in many with a far-reaching concern for social is about delivering world-class value ways a summary of and a productive responsibility. The insights that emerged to customers, to employees and to approach to the challenges ahead. were powerful, and proceedings of the investors. Yet, as the economic crisis 2009 GCF informed an open letter to How could irresponsible management unfolding in early 2009 made clear, to the leaders of the G20 member nations have led world markets in credit, in be meaningful, competition needed to calling for an aggressive, coordinated housing, in energy, in crops so badly proceed on a responsible footing. response. astray, and how could responsibility be In areas ranging from carbon to credit, restored? How could governments and GCF panelists agreed that apparently the private sector tackle multi-faceted profitable global markets had often economic problems without stalling destroyed rather than created value the drive for competitiveness and and explored ways of restoring their shared prosperity?
2010Sustainable Competitiveness 4th GCF The fourth annual Global Competitiveness concern with sustainability and social systems with which it is intertwined. In Forum convened as the global economy responsibility. The insights that emerged addition to tackling issues of sustainable appeared to be recovering from one of the were a testament to the growth and competitiveness, the fourth annual greatest economic challenges of our time. global scale of the GCF 2010. GCF hosted a number of events that The conference’s theme, “Sustainable The Forum featured speeches from created networking opportunities and Competitiveness”, summarized the business leaders, including GE’s Jeffrey drove international media attention. On outcomes of the recession and provided Immelt, Cisco’s John Chambers, Michael every evening during the Forum, SAGIA a productive approach to the challenges Dell, and Paul Polman of Unilever. Saudi hosted a gala dinner that featured one ahead. How could management prevent leaders H.E. Dr. Ibrahim Al Assaf and H.E. of its initiatives. The initiatives at the a future crisis? Did governments react Dr. Mohammad Al-Jasser brought the Forum were the second annual Saudi appropriately? How could we move Saudi perspective on the global crisis. Fast Growth 100, the Michael Porter forward by increasing regulation to Finally, the Forum was closed by Jeffrey Prize and the Saudi Arabian Responsible prevent another crisis, while ensuring Immelt, who discussed a number of Competitiveness Index, as well as the regulation did not stifle competitiveness? specific recommendations on remaining launch of the CEO 100. Additionally, To answer these questions, the world’s sustainably competitive, both for there were daily book signings that premier gathering on competitiveness companies and nations. featured many of the speakers at the challenges was joined by global leaders, Forum, as well as an art exhibition that The key takeaway from the Forum was executives and intellectuals with put the spotlight on Saudi artists. Finally, that to deliver sustainable prosperity, visionary perspectives on how to link the there were special media sessions with capitalism must be attentive to the social, competitiveness agenda to a far-reaching Bloomberg and CNN filmed at the Forum. environmental, political and financial
2011Innovation 5th GCF The fifth annual Global Competitiveness keynote speech by Bill Clinton, Founder iPads and harnessing the power of social Forum heralded the celebration of both of the William J. Clinton Foundation and media outlets like Twitter and Facebook the fifth year anniversary as well as 42nd President of the United States. for the latest GCF news and commentary. the completion of the 10x10 program. More than any previous GCF, the world The Forum’s opening ceremony was With the theme of “Innovation as was introduced to the GCF through presided over by H.R.H. Prince Nayef a Means of Competitiveness”, the the almost 20 leading media partners Bin Abdulaziz Al Saud, Second Deputy conference dug into the key elements including CNN and Financial Times. Prime Minister of Saudi Arabia, with of the competitiveness agenda and various ministers also in attendance In addition, the GCF celebrated the the role innovation plays, drawing including H.R.H. Minister of Municipal various initiatives and announced upon the expertise and knowledge of and Rural Affairs, Prince Mansour Bin winners for the RCI, SFG, FDI, Oxford and some of the world’s brightest and most Miteb, Minister of Justice, Mohammed the newest MCY, the Most Competitive accomplished figures. Sessions focused Al-Issa, Minister of Petroleum and Youth Initiative which focuses on on sector-specific innovation as well as Mineral Resources, Ali Al-Naimi, Minister developing the new leaders of tomorrow. topics such as the world’s food supply, of Commerce and Industry, Abdullah UFOs, Cities of the Future and more. Zainal Alireza and Minister of Labor, Adel The 10x10 program was celebrated with Fakieh, amongst many more. a dedicated panel discussion on the third day with a distinguished panel of The Forum was the first e-forum of its speakers. This was followed by a surprise kind, using the latest technology via
“ “ I wouldn’t have come here if I was not optimistic.GCF 2012 Executive Summary H.R.H. Prince Turki Al-Faisal Chairman, Board of Directors, King Faisal Centre for Research and Islamic Studies
2012 6thGCF GCF 2012 now more important than ever and were Unilever’s Paul Polman, Gallup’s Jim Clifton, 3M’s George how can it be financed? What is the Buckley, Aramex’s Fadi Ghandour; Michael Porter, the Bishop For the past six years, the Global relationship between a competitive William Lawrence University Professor at Harvard Business Competitiveness Forum has been society and an entrepreneurial School; Jean Chretien, former Prime Minister of Canada and successfully probing different areas of one? What are the distinguishing Un-Chan Chung, former Prime Minister of South Korea. the global competitiveness agenda. The characteristics of an entrepreneur and sixth annual conference convened as In addition, many Saudi leaders and ministers attended the how important is failure? How can we the global economy has been struggling Forum. H.E. Dr. Tawfiq Al-Rabiah, Minister of Commerce and foster entrepreneurship in the public to recover from the financial crises Industry, emphasized on the importance of improving the sector? and create more jobs. The conference’s quality of life and creating jobs in Saudi Arabia while H.R.H. theme was “The Entrepreneurship The world’s premier gathering on Prince Turki Al Faisal, Chairman of the King Faisal Center for Imperative” and it highlighted the power competitiveness challenges brought Research and Islamic Studies, focused in his keynote speech on of entrepreneurship as an engine of job together more than 100 speakers the key regulatory challenges facing the financial sector and including eminent leaders, executives governments. H.E. Adel Fakieh, Minister of Labor, outlined a growth and economic growth in Saudi and intellectuals in order to answer these reform agenda for the country’s labor force and H.R.H. Prince Arabia and the broader global economy. questions. Their thoughts and ideas Faisal bin Abdullah, Minister of Education, reviewed recent The Forum touched upon all forms were presented and debated through initiatives to improve Saudi Arabia’s educational system. of entrepreneurship and sought to more than 30 panels and speeches with address the various challenges facing more than two thousand attending the entrepreneurs. Why is entrepreneurship three-day Forum. Some of the speakers
Opening Ceremony Riyadh, Saudi Arabia. The 6th annual Global the importance of entrepreneurship and its Competitiveness Forum (GCF) was launched relevance to competitiveness. In addition, he with “The Entrepreneurship Imperative” as its noted that there will be more than 100 speakers, theme with H.E. Dr. Tawfiq Al-Rabiah, Minister of with 35 panels and around 2000 attendees. Commerce & Industry, delivering a message on Throughout the presentation, videos were behalf of the Custodian of the Two Holy Mosques shown of the past five GCFs and the initiatives emphasizing the importance of improving the that were developed from those forums such quality of life and creating jobs in Saudi Arabia as the Responsible Competitiveness Index and through sustainable economic development. Saudi Fast Growth 100. Saudi Arabia’s current position as a globally recognized place to do business is illustrated by The ceremony concluded with awards given to the World Bank Group’s Doing Business report the GCF Competitiveness Partners, Strategic ranking of 13 globally and the World Economic Partners, Sponsors and Media Partners. Forum’s Global Competitiveness Index ranking of 17. Mr. Fahd Hamidaddin, Head of Marketing and Competitiveness Initiatives at SAGIA, explained how Saudi Arabia has attracted large amounts of foreign direct investment in recent years and mentioned that the GCF has come to resemble “the Davos of Middle East”. Mr. Abdulla Al- Uzaib, the GCF’s Chief Executive, highlighted
Agenda Day 1 Welcoming & Networking Keynote Speech George Buckley, CEO, 3M Panel Session Saudi Responsible Competitiveness Index“ Panel Session Entrepreneurs must have a dream January 22nd Panel Session The Entrepreneurship Imperative Generation C - Click, Connect, Communicate, Collaborate and must act on it to unleash creative “ energy, overcome challenges and think 2012 Panel Session The Coming Jobs War Panel Session The Anatomy of an Entrepreneur Panel Session Artrepreneurs: Creating Businesses Keynote Speech H.R.H. Prince Faisal Bin Abdullah, Minister of Education outside the box. Panel Session Fostering Entrepreneurship Babson College Workshop Kevin Roberts Panel Session The Art of Failure CEO, Saatchi & Saatchi
Agenda AgendaDay 2 Welcoming & Networking Keynote Speech H.R.H. Prince Turki Al Faisal, Chairman, King Faisal Panel Session Entrepreneurship in the Public Sector Day 3 Welcoming & Networking Keynote Speech Michael Porter, Bishop William Lawrence University Panel Session Entrepreneurs Speak Out: Entrepreneurship Center for Research and Islamic Studies Professor, Harvard Business School and Economic GrowthJanuary 23rd Panel Session Panel Session Aerotropolis January 24th Panel Session Panel Session2012 2012 CNN Roundtable-Global Risks 2012: Intrapreneurship - How conglomerates do it Hard Talk - Competitiveness The Challenges Ahead Keynote Speech Kevin Roberts, CEO, Saatchi & Saatchi Panel Session Panel Session Panel Session Greenovation: Good for business too Disruptive Technologies – Life Extension and Other An Apple a Day is No Longer Enough Panel Session Emerging Sciences Show Me the Money Panel Session Panel Session After the Storm: In the wake of natural disasters Panel Session The Power of Entrepreneurial Thought and Act Keynote Speech The Innovation Generation Babson College Workshop H.E. Adel Fakieh, Minister of Labour Panel Session How to Grow an Entrepreneur - Babson College Workshop Keynote Speech Panel Session Un-Chan Chung , Former Prime Minister, South Korea Giving: From Funding to Empowering Keynote Speech Marco Tempest, Techno-Illusionist Panel Session We Love Smart Brands Lunch Program Most Competitive Youth Initiative (MCY) Lunch Celebration Lunch Program Saudi Fast Growth 100 Initiative (SFG) Celebration27 www.gcf.org.sa
“ Entrepreneurship can be taught through a process of empirically looking at the behavior of entrepreneurs, testing theirSession Highlights “ thought process through action and building upon their mistakes. Len Schlesinger President, Babson College
Keynote Speech The Entrepreneurship ImperativeDay 1 George Buckley, CEO, 3M What does it take to be an entrepreneur and can innovate. For smaller companies, this equates toJanuary 22nd “Remaining competitive this be taught to aspiring leaders? creating the regulatory and market conditions that allow SMEs to grow, but also providing2012 Panel speakers addressed the ability of and succeeding in a entrepreneurs to see opportunities where most financial resources to accountable teams and economically viable projects. dynamic economy requires other people don’t. As mentioned by Magatte Wade, Founder and CEO of the Tiosanno Tribe, Creating the right entrepreneurship ecosystem a relentless pursuit of “Entrepreneurship is about the freedom to make is a function of the local environment and innovation and risk.” the world what you want it to be!”. economy, and leaders should avoid the pitfall of replicating experiences elsewhere locally. “The Whilst there is no clear formula for success, this Silicon Valley cannot be replicated around the panel recognized the significant contribution “The best way to forecast the future is to create world!” said Len Schlesinger, President of Babson of entrepreneurship to economic and social it”, argued Buckley. To truly succeed, companies College. impact. As such, panel speakers agreed on the must pursue competitiveness across six role that governments, societies and business Fadi Ghandour, Founder and CEO of Aramex, platforms - cost, technology, customer service, leaders need to play in creating an environment stressed the importance of celebrating local brands and marketing, distribution and people, that fosters entrepreneurship and innovation. success stories in the Arab world as a means to he outlined, adding that innovation within these encourage entrepreneurship in the Arab youth, areas should be integrated into the DNA of a In large corporations, this means providing the and help address the challenges and frustrations company. adequate freedom and tools for employees to faced by younger generations. Buckley concluded his presentation, arguing that Remaining competitive and succeeding in a Since the advent of globalization, competition companies must “adapt and change, innovate dynamic economy requires a relentless pursuit in the global market is fiercer than ever, and in all senses of the world, faster than the Panel Members of innovation and risk within all areas of a innovations are disrupting established markets competition”, and challenge their competitors company, said George Buckley, Chairman and and products in the blink of an eye, said Buckley. where they are strong, not only where they are Ana Dutra, Fadi Ghandour, Len Schlesinger John Quelch (Moderator) CEO of 3M, a global manufacturing company. As Asian competitors who are more nimble, weak. In a rapidly changing business world, CEO, Korn/Ferry Leadership and Talent Founder & CEO, Aramex President, Babson College CBE, Dean, China Europe International In his keynote speech opening the first day of energetic and harder working than many “There are no silver medals for second place”. Consulting Business School the Global Competitiveness Forum, Buckley existing companies enter the market, companies George Buckley, Magatte Wade, discussed competitiveness and innovation in must adapt to survive through the relentless Christian Klingler Chairman & CEO, 3M Entrepreneur, Founder and CEO, The a constantly changing world, suggesting that pursuit of innovative incremental improvements Member of the Board of Management, Tiosanno Tribe while the pursuit of innovation may be risky, it is and ‘great disruptors’. an essential pursuit in a cutthroat economy. Volkswagen AG31 www.gcf.org.sa
The Coming Jobs War The Anatomy of an Entrepreneur Taken from the title of a recent book by Gallup, customers and create competitive businesses Entrepreneurs are not born, but rather are ideas. Amy Rosen, President and CEO of the “The Coming Jobs War” panel discussed the that can generate jobs. built through training, education and a proper Network for Teaching Entrepreneurship added, growing challenge of meaningful job creation enabling environment that allows them to that while these traits are important, “You can’t The MENA region suffers from the highest to the global community and the increasing challenge the status quo, shape opportunities do it [entrepreneurship], if you do not have regional unemployment rate in the world. A importance of entrepreneurship as a source of and take risks, said several panelists of The the basic skills to read and do the basic things key challenge that the region faces is a gross jobs. According to Jim Clifton, CEO of Gallup, the Anatomy of an Entrepreneur discussion on required”. mismatch between the jobs offered and number of people around the world who yearn the second day of the Global Competitiveness Audience members who joined the discussion the skills trained. Lorraine Hariton, Special for a “good job” is growing rapidly and today Forum. Addressing a crowd of businessmen and suggested that in their experience, the key Representative at the U.S. Department of State, exceeds 3 billion. A “good job” lies at the core of women, entrepreneurs and other professionals, characteristics of an entrepreneur were suggests addressing this challenge by learning human aspirations today and affects all aspects participants suggested that the genius for amongst other traits, adaptability, perseverance, from “education for employment” initiatives of human decisions. The formidable challenge enterprise does not materialize out of nowhere, drive and desire. Enabling these attributes and that have been tried and tested globally. Hariton of creating good jobs is exacerbated by the but comes through development. encouraging entrepreneurship in the Middle East argues that ensuring that college graduates current shortage of meaningful jobs globally have the skills that will enable them to make Participants declared that developing an will require overcoming a general fear of failure and the stalling of organic job growth among meaningful contributions to organizations in entrepreneurial spirit and skills requires among people in the region that often prevents big businesses. the private sector, or as entrepreneurs, will be directed training, mentoring and experience in them from embracing failure as a learning and There is a growing recognition that crucial to the region’s success in ameliorating business operations. Shahid Ansari, Provost of growth opportunity, said Sean Rush, President entrepreneurship can fill the jobs gap and unemployment. Babson College, argued that entrepreneurs are and CEO of JA Worldwide. create the meaningful jobs that the world needs self-aware, action oriented, adept at shaping Addressing this challenge and furthering desperately; countries must help entrepreneurs opportunities, eager to embrace surprises and entrepreneurship in the region will facilitate grow by enabling the ecosystems that foster skillful at enrolling others in their vision and a new generation of entrepreneurs acrossPanel Members their success. Countries create entrepreneurial Panel Members the GCC and the wider region. As expressed ecosystems by identifying entrepreneurs, by David Sproul, Chief Executive of DeloitteJim Clifton, John Quelch (Moderator) training them, providing them with access to Amy Rosen, David Sproul, Sean C. Rush, Touche Tohmatsu Regions, “The ability toCEO, Gallup CBE, Dean, China Europe International capital and resources, enabling a competitive President & CEO, Network for Teaching Chief Executive, Deloitte Touche President & CEO, JA Worldwide dream the future, whether you get there or Business School environment and celebrating their successes. Entrepreneurship Tohmatsu Regions not”, is the key to entrepreneurship. DevelopingLorraine Hariton A key challenge in this effort in the region is Shahid Ansari, entrepreneurship skills through education andSpecial Representative, changing the cultural mindset that penalizes Bruno Lafont, Jean-Pascal Tricoire, Provost, Babson College training will unleash these dreams and allowCommercial and Business Affairs, US entrepreneurial failure. Innovation, while Chairman & CEO, Lafarge President & CEO, Schneider Electric entrepreneurship to flourish throughout the important, should only be thought of as a tool region.Department of State that entrepreneurs can leverage to attract 33 www.gcf.org.sa
Led by Saudi Arabian General Investment extensive research and consultation with someAuthority (SAGIA), the “Saudi Arabian of the world’s largest companies, managementResponsible Competitiveness Index” aims to scholars and investors.help businesses in the Kingdom improve their Over the past 4 years, participation in the indexown competitive performance, improve the has shown that Responsible CompetitivenessKingdom’s competitive performance, and it performance is increasing. There has been asupports social, economic, and environmental steady increase in the overall performance ofdevelopment through the way companies companies since 2009. Participation in the Indexmanage their environmental and social is growing. The number of companies has risenfootprints. The index’s framework is built on from 40 companies in the first year to 100 in this past year.
Generation C –Click, Connect, Communicate, Collaborate Generation C is the name given to Internet users who were born after 1990 and who readily use telecommunications tools to connect with the global community. Gen C’s exponential growth, sense of individual empowerment, and expectations of high-quality, undisrupted service are fundamentally altering the landscape for organizations online and offline. The rise of Gen C has created an interconnected global village of consumers who have high expectations whenWorkshop LeaderMichael Fertik (Moderator) Eric TsaiFounder & CEO, Reputation.com Chief Executive Officer, eriQoo.comCarlos Moreira Habib HaddadFounder, Chairman & CEO, WISeKey CEO, Wamda
Keynote SpeechH.R.H. Prince Faisal bin Abdullah,Minister of Education These projects include: encouraging early “Education is the radical childhood education, improving the education curriculum in order to reflect the latest changes solution that provides in technology and sciences, providing advanced students with knowledge training to teachers, working on creating an independent body in order to evaluate the and talents needed to current state of public education and improve transform the economy the administrative quality in the ministry and decentralizing it. to a knowledge-based economy.” H.R.H. Prince Faisal Bin Abdullah, Minister of Education, started the keynote speech by stating that education is the radical solution that provides students with knowledge and talents needed to transform the economy to a knowledge based economy. The path of educating Saudi citizens, H.R.H Prince Faisal bin Abdullah said, started with the late King Abdulaziz and then expanded for a period of dozens of years until it reached five million students, five hundred thousand teachers and more than thirty three thousand schools. He considered the budget given to the education sector, one hundred seventy billion riyals, to be generous and stressed that the ministry is currently working on executing many strategic projects that respond to the needs of a knowledge economy.41 www.gcf.org.sa
H.R.H. Prince Turki Al Faisal CNN Roundtable – Global Risk 2012:Day 2 Chairman, King Faisal Center for Research and Islamic Studies The Challenges Ahead What are the key risks to watch out for in 2012?January 23rd The CEO of Unilever, Paul Polman, mentioned in his opening remarks that the three areas2012 of risks businesses could be facing in 2012 are the “growing power vacuum at national government levels to respond to the global economic crisis”, “the vacuum being filled by dissatisfied consumers and citizens” and “the growing implications of a resource scarce world”, which Polman said should concern Saudi Arabia as it is the country with the third highest water consumption in the world. Robin N02 02gin tiN4gl GwA702697h x “The new emerging markets will not provide this assistance without a greater voice”, argued H.R.H. Prince Turki Al Faisal, Chairman of the King Faisal Center for Research and Islamic Studies in Riyadh. The former ambassador to the US and UK was discussing the rapidly changing dynamics in the global financial regulatory architecture, in which much wider participation will be required to prevent future financial crises.
An Apple a Day is No Longer Enough The Power of Entrepreneurial Thought and Act - Babson College Workshop An exciting panel, bringing together various between premature mortality and inadequate Led by Len Schlesinger, President of Babson The future cannot be linearly extrapolated experts in the healthcare and pharmaceutical patient behavior and stressed the need for better College, and Shahid Ansari, Provost of from the past; business leaders need to industries was held yesterday morning, on the patient education as a key factor for reducing Babson College, the workshop “Finding and embrace uncertainty and find entrepreneurial third day of the Global Competitiveness Forum. premature mortality. Making Opportunities“ engaged a packed opportunities in it. Humans have a bias towards The panel addressed some of the key challenges On the topic of entrepreneurship in the auditorium in a comprehensive discussion on sophisticated thinking and analysis over simple and opportunities facing these industries. healthcare space, Mr. Stephen Kennedy Smith, the entrepreneurial thought process and its experience; this bias is wasteful and dangerous Dr. Marijn Dekkers, Chairman of the Board at Board Member of Rapid Pharmaceutical and importance to business leaders of all kinds. in an increasingly unpredictable world. Business Bayer AG, kicked off the panel by giving an Owl Biomedical, shared his view on some of the Entrepreneurship can be taught by empirically schools and economists are currently engaged insightful presentation on the improvements interesting opportunities ahead in the Kingdom, looking at the behavior of entrepreneurs, in unproductive stupidity due to their fear of in life expectancy, contrasting that with the rise in particular in supporting the development testing their thought process through action unpredictability and “unknowability” and need in non-communicable diseases, and shedding of the healthcare infrastructure and growing and building upon their mistakes. Serial to change. some light on the significant increases in the the generic drugs’ market. Mr. Nakagawa, CEO entrepreneurs think about the world differently While it has been a topic of debate in the GCF, costs of drug development. of Mobile Healthcare Inc., advised aspiring and it is important to eschew assumptions and the entrepreneurial thought process can be entrepreneurs to surround themselves with a empirically study their behaviors. Successful taught at business schools and can benefit Dr. Delos Cosgrove, CEO of the Cleveland Clinic entrepreneurs usually do not have grand visions knowledgeable team, from whom they can learn business leaders of all kinds in Saudi Arabia. This Foundation, shared some of the experiences of what they want to do, for example; they and grow. “Become an information junky and workshop showed clearly the mechanisms that and successes of the foundation in changing have only a vague idea and test it with action. remain curious!” said Mr. Nakagawa. need to be put in place to teach entrepreneurship patient behaviors towards health and wellness Business schools should join Babson’s mission management. Dr. Cosgrove highlighted the link Dr. Cosgrove summarized the global situation and increase its accessibility to people in all of initiating a broad scale democratization of fields. of the healthcare industry with an insightful entrepreneurship as a method on a global scale.Panel Members observation, saying “These are the most exciting Workshop Leaders times for healthcare and for innovation in this industry, with significant challenges ahead forBright B. Simons (Moderator) James Nakagawa Stephen Kennedy Smith Len Schlesinger payers, providers, and patients!”.Director of Development Research at CEO & Chief Care Architect, Mobile Member of the Board, Rapid President, Babson CollegeIMANI; President of mPedigree Network Healthcare Inc. Pharmaceutical and Owl Biomedical Shahid AnsariDelos Cosgrove Dr. Marijn Dekkers Provost, Babson CollegeCEO, President & Chairman of the Board, Chairman of the Board of Management,Cleveland Clinic Foundation Bayer AG 45 www.gcf.org.sa
Giving: From Funding to Empowering We Love Smart Brands Entrepreneurship and education are key entrepreneurs “help empower the poor, but In today’s marketplace, overwhelmed consumers concept of “disintermediation”, which refers to elements of empowering individuals around resources are limited”, added Jack Sim, CEO of are sophisticated and skeptical, largely due to the increasing transparency of the marketplace, the world to extricate themselves from poverty the World Toilet Organization. the rise of social media, agreed the members where consumers have unprecedented access to and develop sustainable business, argued As such, a combination of training and of yesterday’s panel “We Love Smart Brands”. information about the brand, the experiences of participants on the panel, “Giving: From Funding mentorship are key elements of philanthropy; Although the stakes are now higher, panel other consumers and product pricing. to Empowering” on the third day of the Global however, social entrepreneurs and NGOs must members Jack Martin, Paul Hembrey and Magid The session concluded with Mr. Hembrey’s Competitiveness Forum. Participants from break free of the constraints of fundraising and Abraham remained confident about the ability fascinating account of the transformation of diverse entrepreneurial backgrounds elaborated unsustainable funding cycles, suggested Julian of smart brands to win over “the public” with the Pirelli brand from being considered a boring on the relationship between economic progress Gore-Booth, CEO of the STARS Foundation. lots of communication and attentive listening to “distress purchase” to becoming the focal point and social transformation and the key role feedback. of a glamorous sporting event, the Formula entrepreneurs play in addressing some of the Women are a vital part of this process, added Basmah Al Omair, CEO of the Khadija bint The talk was kick-started by Mr. Abraham, who One, with an innovative strategy and relentless world’s foremost challenges. gave a compelling account of how the Internet communication with the public. Khuwailid Center for Businesswomen, and A holistic combination of skills training, must be empowered to succeed. Sim confirmed, has been a game-changer for brands. While funding and mentoring are required to help “When we come together, we do things faster, in the past branding was merely one element individuals develop the capacity to bring about cheaper, better and easier”. of sales, it now represents an ongoing and social transformation and economic progress, over-arching dialogue across the company and argued Andrew Devenport, CEO of The Prince’s consumers. Youth Business International. These social Mr. Martin then introduced the audience to thePanel Members Panel MembersAndrew Devenport Jack Sim, Michael Strong (Moderator) Jack Martin Paul HemberyCEO, The Prince’s Youth Business CEO, World Toilet Organization (WTO) Author, CEO and Chief Visionary Officer, Global Executive Chairman & CEO, Hill & Motorsport Director, PirelliInternational (YBI) FLOW Knowlton Mohammed Rezwan Magid Abraham (Moderator)Basmah Al Omair Executive Director, Shidhulai Swanirvar Julian Gore-Booth Rory Sutherland CEO & Co-founder, ComScore Inc.CEO, Khadija Bint Khuwailid Center for Sangstha CEO, STARS Foundation Vice Chairman, Ogilvy Group UKBusinesswomen 47 www.gcf.org.sa
Saudi Fast Growth 100The Saudi Fast Growth list (SFG) is an annual ranking of the fastestgrowing companies in the Kingdom of Saudi Arabia. Founded bySAGIA, Al Watan and NCB. The list highlights the next generation ofcompanies that are creating jobs, spurring innovation and growingconsistently. The initiative was first launched in 2008 by the Saudi Arabian General Investment Authority (SAGIA), the National Commercial Bank (NCB) and ALWATAN newspaper as the Founding Partners. Later on, other entities joined such as SAP as a Competitiveness Partner, and PwC as a Knowledge partner. This year, celebration is unique as the list received more than 250 applications to compete on the top 100 companies. The SFG100 list measures the fastest-growing Saudi companies that are over five years old or start-ups. The importance of such recognition is to encourage companies with high rates of entrepreneurship that are able to deliver and sustain high rates of growth. Those companies are the foundation of a vibrant, competitive, knowledge-based economy. The Saudi Fast Growth was launched 5 years ago to help find and highlight those fastest growing Saudi companies in order to show the underlying health of the economy and its emergent trends. By their entrepreneurship, these companies represent the leading edge of a new approach to Saudi Arabia’s competitiveness.
Entrepreneurship in the Public Sector Aerotropolis The main topic of this panel was “how to Richard Boucher, Deputy Secretary-General of the Yesterday’s afternoon panel on “The challenges and constraints to its future growth. foster Entrepreneurship in the Public Sector”. OECD, said that in order to “get entrepreneurship Aerotropolis” provided attendants of the Global He went on to highlight some of the key success Robert Hisrich, Director of the Walker Center into government”, governments should Competitiveness Forum with an interesting factors underpinning the development of the for Global Entrepreneurship at Thuderbird, was introduce innovation and technology in the opportunity to learn more about some of the Aerotropolis model across the globe, namely, moderating this panel and started by discussing delivery of public services and bring the public notable changes taking place in the air transport the abundance of affordable land and the the challenges that must be overcome in order and private sector together through public- industry, and in particular, the development of commitment of governments and policy makers for the entrepreneurial process to take hold. private partnerships. air transport hubs. towards supporting the air transport industry. Some of these challenges were government Chad Evans, Senior Vice President of the Over the last decades, airports have evolved Mr. Wim Elfrink, Executive Vice President policies, bureaucracy and personnel restrictions. Council on Competitiveness, mentioned some from simple transport terminals into major at Cisco, emphasized the importance of Michael Andrew, global Chairman of KPMG, of the challenges to the “innovation and business hubs, catering services to neighboring technology in helping generate new services attributed the increase in entrepreneurship in entrepreneurship ecosystem” such as strict communities, generating hundreds of in the Aerotropolis. He also observed the need the public sector to two factors, the first being immigration policies and regulatory burdens thousands of jobs both directly and indirectly, for airport authorities to better segment and the “economic necessity” happening in the West and explained that they might be the reason and thus transforming their environment into understand their customers in order to resist the where governments are facing budget strains why some companies are moving offshore in real economic clusters. emerging competition in the GCC and in Asia. and high debt levels while the second driver was order to “scaleup”. Mr. Keith Williams, CEO of British Airways, the “population growth” in the East where there shed some light on the development of is a rapid rise in the middle class and a strain on Heathrow from a simple hub to one of the early natural resources. Aerotropolis’, which now faces some majorPanel Members Panel MembersChad Evans Robert Hisrich (Moderator) Jeff Nugent Wim ElfrinkSenior Vice President Director, Walker Center for Global Professor, Economics and Business, Executive Vice President, Cisco Systems Inc.Council on Competitiveness Entrepreneurship, Thunderbird University of Southern California Chief Globalisation OfficerRichard Boucher Michael Andrew Keith Williams John Quelch (Moderator)Deputy Secretary-General, OECD Global Chairman, KPMG CEO, British Airways CBE, Dean, China Europe International Business School 51 www.gcf.org.sa
Keynote Speech Show Me the MoneyKevin RobertsThe Future BeyondBrands - Lovemarks but they do not have a dream. On the contrary, The panelists on “Show Me the Money ” discussed The panel debated the extent to which venture “entrepreneurs have a dream … it’s not about the challenges of financing new entrepreneurial capital money is available today to early stage “The role of business is to counting the stars, it’s about reaching for them”, he ventures and the importance of finding the companies. While Takumi Shibata, Group COO make the world a better added. “right” kind of money. The panel agreed that of Nomura Holdings, urged entrepreneurs to economic uncertainty today necessitates that be selective in choosing their investors, David place for everyone, to focus To support these dreams, companies should entrepreneurs demonstrate the value of their Wihelm, CEO and Co-Founder of Woodland generate lots of small ideas, reframe relentlessly, on inclusive capitalism to surprise with the obvious, give employees what business or product first before they can attract Venture Management, argued that investors investors. Investors are less likely to invest in are few and far between and currently have grow and create a future for they need and challenge assumptions through risky ventures and it is up to the entrepreneur a very limited appetite for risky early stage questions. all.” to mitigate risk as much as possible prior to the investments. To attract capital, Wihelm urged investment. Venture capital money is expensive entrepreneurs to insert themselves in existing and, as a result, entrepreneurs should use all ecosystems that will help their businesses grow. “Entrepreneurs must have a dream and must sources of capital at their disposal in growing execute it to unleash creative energy, overcome their business and delaying VC investments until challenges and think outside the box”, said Kevin their value proposition is sharp. The panelists Roberts, CEO of Saatchi & Saatchi, during his agreed that early stage investors today want keynote speech entitled “The Future Beyond to invest in emerging businesses, not emerging Brands: Lovemarks”. Challenging the idea that ideas. the world is volatile and uncertain, he argued that it is vibrant, unreal, crazy and astounding, and that business should seek to make the world Panel Members a better place. “Our world is vibrant, full of life, full of David Wilhelm Takumi Shibata opportunity, full of growth, full of optimism CEO & Co-Founder, Woodland Venture Group COO, Nomura Holdings Inc. … We can do anything in this world”, opined Management Roberts, suggesting that entrepreneurs must be Thomas Connelly enthusiastic and empathetic, and must execute Joi Ito Executive Vice President, DuPont inclusive capitalism that creates a future for all. Director, MIT Media Lab Too often companies have strategies and visions,53 www.gcf.org.sa
Keynote SpeechH.E. Adel FakiehMinister of Labor The Saudi Arabian Minister of Labor, Adel Fakieh, closed the second day of the GCF with a rousing keynote speech in which he outlined his impressive and wide-reaching reform agenda for the country’s labor force. Indeed, the session’s moderator Len Schlesinger even joked that it would be difficult for the audience to remember all of the initiatives he presented, because they were so numerous and detailed. With the Saudi labor force set to more than double by 2030, the need to develop high- quality jobs in the Kingdom is more pressing than ever. Mr. Fakieh believes that the key to success is based in two key pillars: expanding vocational training programs available to Saudis, and secondly with targeted Public-Private Partnerships that will encourage employers to hire Saudis. Mr. Fakieh spoke of his dedication to his country and his unique mission, “We must build a new culture among Saudis of service to our clients, to serve both customers and society at large.”. Evidence of Mr. Fakieh’s willingness to take entrepreneurial risks in order to make real impact can be seen in his new “Nitaqat” system, which adds much- needed flexibility to the country’s Saudization policies.55 www.gcf.org.sa
Michael Porter Intrapreneurship –Day 3 Bishop William Lawrence University Professor, Harvard Business School How Conglomerates Do It The first panel held on the fourth day of the GlobalJanuary 24th “Entrepreneurship is crucial Competitiveness Forum addressed a major challenge faced by most large and established “Large and established2012 in order to translate Saudi companies, namely “Intrapreneurship” and how companies face a constant Arabia’s progress on to continuously innovate and succeed. challenge in trying to remain competitiveness into broad- Dr. Andrew White, Associate Dean for Executive ahead of their competition. Education at the Saïd Business School Oxford, based Economic growth kicked off the panel with a very interesting Intrapreneurship and the presentation on the importance of leadership and employment.” in helping companies consistently outperform support of innovation with the competition. A Level 5 leader, as described by these corporations are the Dr. White, should have ambitions and believe in Porter argued that there exists a “symbiotic goals that go beyond personal ego and that are key to sustainable growth relationship between competitiveness and entrepreneurship” and stressed on the able to generate lasting value on society. and greatness.” importance of small and medium enterprises in Executives on the panel also shared some of the creating the jobs that Saudi Arabia needs. experiences around fostering innovation and intrapreneurship within their groups. Mr. Ki-Joon Corporation, provided some very interesting Some of the challenges to entrepreneurship in Hong, President and CEO of Hanwha Chemical insights on the processes employed at Hanwha Saudi Arabia and other emerging economies Chemical for nurturing innovative ideas outside On Tuesday morning’s keynote speech, Michael of companies to “compete successfully in are the limited skills of the Saudi workforce, Panel Members of the traditional business boundaries. “You Porter, Bishop William Lawrence University international markets while simultaneously the cumbersome government regulation and need to give ideas the time and appreciation Professor at Harvard Business School, talked improving the living standards of citizens” and red tape and the limited progress on cluster Shahid Ansari (Moderator) they deserve!” said Mr. Hong. about competitiveness, entrepreneurship and Saudi Arabia has made a “definite unmistakable development. Mr. Porter concluded his speech Dr. Andrew White Chris Hyman the current challenges facing entrepreneurs in commitment to transform the economy and by saying that “entrepreneurship is crucial in Associate Dean for Executive Education, Group CEO, SERCO BABSON College Mr. Chris Hyman, Group CEO of SERCO, started Saudi Arabia. to boost its competitiveness” as substantial order to translate Saudi Arabia’ progress on Saïd Business School, Oxford off with a thought provoking question: “Would reforms have been implemented in many areas competitiveness into broad-based economic Omar Christidis Michael TS Lindenmayer, you have hired Steve Jobs in the 1970s?”. He On competitiveness, he reminded the audience challenged executives to reconsider their own like the infrastructure, the judiciary system growth and employment”. Ki-Joon Hong Founder, Arabnet Co-Creator and Managing Partner that slashing wages and reducing the workforce perception of entrepreneurs, to embrace them does not make an economy more competitive. education and the regulations and transparency President & CEO, Hanwha Chemical of Eirene in the financial markets. On innovation, Mr. in the workplace, and to create an environment Competitiveness is manifested in the ability Corporation for them to flourish.57 www.gcf.org.sa
Greenovation: After the Storm:Good for Businesses Too! In the wake of natural disasters The panel on Greenovation agreed that social The first afternoon panel provided the audience value. General Michael T. Moseley, 18th Chief and environmental sustainability will be the key “Social and environmental with an opportunity to learn more on a less of Staff, United States Air Force, described the issues for competitive businesses in the 21st talked about subject, the importance of century. Through impassioned calls for action, sustainability will be the key entrepreneurship in disaster relief. This panel importance of devising better solutions to food, water and medicine distribution following a the panelists urged business leaders to integrate the triple bottom line of profit, people and planet issue for competitive brought together several experts with deep natural disaster. The development of low-tech, knowledge in disaster and crisis management. low-cost and easy to deploy equipment provides into their core business models. All materials businesses in the 21st Panel members shared their experiences in a significant opportunity for entrepreneurs to originate from the earth, and the business community needs to ensure that existing and century and “greenovation” dealing with some of the more recent natural penetrate the supply chain. Indeed, organizations disasters across the globe, including recent in disaster relief have a strong need for such future processes of eco-efficiency and recycling and purposeful innovation floods in Pakistan and the earthquake in Haiti. equipment given the limited resources at their are clean across all activities in their respective value chains. will be a crucial component They expressed their frustration resulting from disposal. all of the operational inefficiencies they and The panelists urged business leaders to conduct in driving success for these other organizations need to deal with. “The Panel members all agreed on the incredible contribution of technology and social media “innovation squared” and innovate with a competitive businesses.” system is broken, and the only way to fix it is to disaster relief, in particular, the efficiency purpose. Ultimately “greenovation” is innovation with an entrepreneurial spirit!” said Rahul Singh, improvements they have introduced, but also plus sustainability and to take advantage of this Founder and Executive Director at GlobalMedic. the ability to instantaneously raise awareness of space, businesses need to innovate with new In Saudi Arabia, the importance of thinking Panel members went on to share some of the a natural disaster. principles in mind: reduce, reuse and recycle. about greenovation takes on an additional layer of urgency when it comes to the challenge particular segments where entrepreneurs of water desalination. The Kingdom has a can infuse innovation and help create greaterPanel Members golden opportunity to innovate with a purpose Panel Members and build on successes in the space of waterAbe Sher Michael Czysz desalination, by leveraging the power of the David Gensler Michael T. Moseley Thomas D. KirschChairman & CEO, Aqua Sciences Inc CEO, Motoczysz sun and atmosphere, for example, and is in a Executive Director, Gensler 18th Joint Chief of Staff, US Air Force Co-Director, Bloomberg School Center for position to emerge as a global “greenovative” Refugee and Disaster Response, JohnsJoseph Adelegan Chad Evans (Moderator) leader in the field. Kevin Langley Rahul Singh Hopkins School of Public HealthPresident, Green Globe Trust; Founder, Senior Vice President, Council on Chairman, Entrepreneur Organization Founder & Executive Director, GlobalMedicGlobal Network for Environment and CompetitivenessEcononmic Development ResearchGreen Power Partnership Limited 59 www.gcf.org.sa
How to Grow an Entrepreneur - Keynote SpeechBabson College Workshop Marco Tempest Techno-Illusionist GCF attendees were treated to a unique “persuasion”, which is a key component The creative process, a key part of opportunity to return to our classroom days of Babson’s theory of entrepreneurship, entrepreneurship, requires thinking outside of “The creative process, a with a highly engaging interactive workshop “CreAction”, an artificial word meaning creativity the box, bringing together passionate people, on “Fostering Entrepreneurship” led by Daniel through action. Once entrepreneurs take action, and challenging groupthink in order to generate part of entrepreneurship, Isenberg, Professor of Management Practice at the next step is figuring out how to influence new and inspiring ideas, said Techno-Illusionist requires thinking outside Babson College. The session involved dividing others to help you achieve your goals. Marco Tempest on the final day of the Global audience members into break-out teams who Prof. Isenberg closed the session by offering to Competitiveness Forum. “If you are not taking a of the box, bringing competed against each other to sell their risk … on an idea that you are passionate about, entrepreneurial ideas to the market. share additional fun exercises and activities then you probably aren’t being as creative as you together passionate that GCF participants could bring home to “The key question we are addressing here is, their children, to further develop and foster the could be”, explained Tempest, as he demonstrated people, and challenging the tricks of his trade using card and screen tricks. ‘How do you grow an entrepreneur?’” Prof. culture of entrepreneurship in Saudi Arabia! groupthink to generate Isenberg challenged the audience, surrounded Describing the creative process, Tempest by potential entrepreneurs trying to sell him elaborated on the key traits of “magic” including new and inspiring ideas.” their half-empty water bottles. They were creativity, passion, knowledge, taking risks and employing innovative persuasion techniques by self confidence. “We can’t all be geniuses”, he emphasizing their product’s quality, scarcity or added, “but we can build on what was done social value. before”, thus adding our own creativity to the The goal of these activities was to explore process. The major impediments to creativity areWorkshop Leader groupthink and complacency with the status quo, said Tempest. To overcome these obstacles, entrepreneurs must work outside of theirDaniel Isenberg comfort zone, and seek to bring together equallyProfessor, Babson College passionate people who will collaborate to avoid groupthink and take the necessary risks.61 www.gcf.org.sa
The “Most Competitive Youth” (MCY) is astrategic initiative that engages youth inSaudi Arabia in applying 21st century skill setsto improving their communities, inspiringcreativity, promoting innovation, and bringingSaudi Arabia’s economy to the forefront ofcompetitiveness.On the Third day of the Global CompetitivenessForum for 2012 we celebrated at a GalaLuncheon the award winners in each of thethree categories of MCY; Arts and Creativity,Innovation and Technology. The competitionresulted in showcasing a collection of talentsacross a variety of domains. The top winnerswill go on a Leadership Expedition in the UK inJuly 2012 to further develop their talents andexpand their networks and communities thatthey can draw upon for further knowledge andsupport.
Entrepreneurs Speak Out:Entrepreneurship and Economic GrowthPanel MembersAndrea Vogel (Moderator)
Disruptive Technologies – The Innovation GenerationLife Extension and Other Emerging Sciences Virtual reality, robotics, cynbernetics, radical capacity of the human mind to make us all “super literacies… These were just a few of the futuristic geniuses!”. terms used throughout yesterday’s panel Some of the reasons why people are so attracted discussion entitled “Disruptive Technologies – to the alternative versions of reality that can be Life Extension and Other Emerging Sciences” in created with technology were explored by Mr. which participants Catherine Asaro, Kathleen O’Green. He proclaimed, “Video games will rule Goonan, Mark O’Green and moderator Arlan the world!” before explaining that video games Andrews pondered what the future may look like. provide a much more robust rewards system for “Imagine the most powerful computer you the human brain, which can also be leveraged for know”, Ms. Asaro suggested as she opened up educational practices. the discussion, “and then imagine that you could combine that with the creativity, the emotions and the self-awareness of the human brain – that is called Artificial Intelligence.” Ms. Goonan discussed some of the potential practical uses of these mind-boggling technologies, such as radically improving education systems, or even expanding thePanel Members Panel MembersArlan Andrews (Moderator) Kathleen Goonan Ariell BuckinghamFounder, SIGMA Author, Professor, Georgia Institute of Studentø2eB7yt02P(bef)20(o9(a)147 )90.357scnm/T1 TechnologyCatherine AsaroPhysicist, Author Mark O’Green Science Fiction Game Writer
Keynote SpeechUn-Chan Chung,Former Prime Minister, South Korea Dr. Un-Chan Chung, former Prime Minister of South Korea, started the closing keynote session “Economic growth cannot by reminding the audience that it has been 50 years since Saudi Arabia and South Korea provide a solution to started diplomatic relations and pointed out stagnate household income that both countries “have much in common” and are currently focusing on the entrepreneurship and rising household debt, imperative. these problems can only be In 2010, 10.7% of Saudi Arabia’s exports went to South Korea, making it the 3rd biggest customer solved when entrepreneurs after the United States and Japan, while 4.7% of emerge to incorporate Saudi Arabia’s imports came from South Korea. Dr. Un-Chan Chung then explained how South innovative SMEs.” Korea’s economy grew in the past decades and attributed its remarkable growth to the huge investments in human capital, the can-do and fighting spirit of the Korean people and the bravery of the 16 countries that came to South Korean’s aid during the Korean war. He said that in the current type of economic structure, “economic growth cannot provide a solution to stagnate household income and rising household debt, these problems can only be solved when entrepreneurs emerge to incorporate innovative SMEs”. He concluded by saying that it is his “strong hope that Saudi Arabia will join and help South Korea” in promoting entrepreneurship.69 www.gcf.org.sa
Through the Village and Ruwad, this initiativeprovides key resources to first-time entrepreneurs,serial entrepreneurs and Small-to-MediumEnterprises (SME) alike. Ruwad is the one-stopshop for those embarking on the entrepreneurialjourney or for those looking to grow theirbusiness. The portal combines the engagementpotential of a social network with the resourcesvital to the entrepreneurship imperative.The entire entrepreneurship ecosystem isrepresented online via the portal and includescomponents directly targeting and created forentrepreneurs such as education, mentoring,business development, collaboration, funding,and lifecycle services. The portal is all-inclusive andwelcomes the contribution of the many disperseinitiatives created to support entrepreneurship.By identifying the type of support offered by theinitiatives and other service providers, the portalhelps direct entrepreneurs to resources that bestmatch their current stage of entrepreneurship.
Alphabetical Abe Sher Alexey Andrew White Basmah Al Omair Chairman & CEO, Prazdnichnykh Associate Dean, CEO, Khadija Bint Aqua Sciences Inc. Co-Founder Executive Education, Khuwailid Center for & Managing Saïd Business School, Businesswomen Director, Eurasia Oxford University Competitiveness Institute, RussiaGCF 2012 Speakers H.E. Adel Fakieh Minister of Labor, Saudi Arabia Amy Rosen President & CEO, Network for Teaching Ariell Buckingham Student, Entrepreneur Bright B. Simons Director, Development Entrepreneurship Research at IMANI; President, mPedigree Network Ana Dutra Andrew Devenport Arlan Andrews Bruno Lafont CEO, Korn/Ferry CEO, The Prince’s Founder, SIGMA Chairman & CEO, Leadership and Youth Business Lafarge Talent Consulting International (YBI)
Alphabetical Alphabetical Caspar Hobbs Chad Evans Chris Dercon David Wilhelm Delos M. Cosgrove Eric Tsai Hans Paul Buerkner Jack Sim CEO, Professional Senior Vice Director, Tate Modern CEO & Co-Founder, M.D., CEO & Chief Executive President & CEO, CEO, World Toilet and Vocational President, Council on Woodland Venture President, Cleveland Officer, eriQoo.com Boston Consulting Organization (WTO) Education, Pearson Competitiveness Management Clinic Group Carlos Moreira Christian Klingler Chris Hyman Daniel J. Isenberg Dennis M. Nally H.R.H. Prince Habib Haddad James Turley Founder, Chairman & Member of the Board Group CEO, SERCO Professor, Chairman & CEO, Faisal Bin Abdullah CEO, Wamda Chairman & CEO, CEO, WISeKey of Management, Management Pricewaterhouse Ernst & Young Minister of Education Volkswagen AG Practice, Babson Coopers College Catherine Asaro Un-Chan Chung, David Sproul David Gensler Diane Foreman Fadi Ghandour James Nakagawa Jack Martin Physicist, Author Former Prime Chief Executive, Executive Director, Ernst & Young World Founder & CEO, CEO and Chief Care Global Executive Minister, South Korea Deloitte Touche Gensler Entrepreneur Of The Aramex Architect, Mobile Chairman & CEO, Hill Tohmatsu Regions Year Judge 2011 Healthcare Inc. & Knowlton75 www.gcf.org.sa
Alphabetical Alphabetical Jean Chretien Joseph Adelegan Julian Gore-Booth Joi Ito Keith Williams Kyle Wong Marco Tempest Mark O’Green 20th Prime Minister, President & Founder, CEO, STARS Director, MIT Media CEO, British Airways Student, Techno-illusionist Science Fiction Game Canada Green Globe Trust Foundation Lab Entrepreneur Writer Jean-Pascal Tricoire Jeff Nugent Jim Clifton, Kathleen Goonan Kevin Roberts Len Schlesinger Margo Drakos Magid Abraham President & CEO, Professor, Economics Chairman & CEO, Author, Professor, CEO, Saatchi & President, Babson Co-Founder & CEO, CEO & Co-Founder, Schneider Electric and Business, Gallup Georgia Institute of Saatchi College InstantEncore.com comScore Inc. University of Technology Southern California Jim McCann John A. Quelch John Defterios Kevin Langley Ki-Joon Hong Lorraine Hariton Magatte Wade Marijn Dekkers Founder & CEO, Distinguished Anchor, CNN Chairman, EO President & CEO, Special Entrepreneur, Chairman of I800flowers.com Professor, Vice (Moderator) Hanwha Chemical Representative, Founder & CEO, The the Board of President & Dean, Corporation Commercial and Tiosanno Tribe Management, Bayer CEIBS (Moderator) Business Affairs, US AG Department of State77 www.gcf.org.sa
Alphabetical Alphabetical Mauro Borges Monis Rahman Michael Porter Nandini Otaviano Canuto Patrick Spence Richard Boucher Robin Niblett Lemos Chairman & CEO, Bishop William Viadyanathan Vice President, World Research in Motion, Deputy Secretary- Director, Chatham President, Brazilian Naseeb Networks Inc Lawrence University Founder and Mentor, Bank Global Head of Sales General, OECD House Agency for Industrial Professor, Harvard CARMa and Head of EMEA Development Business School Michael Andrew Michael Czysz Mohammed Naif Al-Mutawa Patrick Schofield Rahul Singh Rory Sutherland Shahid Ansari Global Chairman, CEO, Motoczysz Rezwan Founder & CEO, Founder, Streetwire Founder and Vice-Chairman, Provost, Babson KPMG Executive Director, Teshkeel Media Artist’s Collective Executive Director, Ogilvy Group UK College Shidhulai Swanirvar Group; Creator, The GlobalMedic Sangstha 99 Michael Fertik Michael Strong Micmic Omar Christidis Paul Hembery Paul Polman Robert D Hisrich Sean Rush Founder & CEO, Author, CEO and Co-Creator and Founder, ArabNet Director, Motorsport Chief Executive, Director, Walker President & CEO, JA Reputation.com Chief Visionary Managing Partner of F1 Activities, Pirelli Unilever Center for Global Worldwide Officer, FLOW Eirëne (www.eirene. Entrepreneurship, com) Thunderbird79 www.gcf.org.sa
Alphabetical Alphabetical Steve Pagliuca Stephen Stapleton Tammy Camp Thomas D. Kirsch William Bates Wim Elfrink Yasmina Azhari Managing Director, Founder, Edge of Managing Partner, Co-Director, Executive Director of Executive Vice Ernst & Young Bain Capital; Co- Arabia Camp International; Bloomberg School the Global Federation President, Cisco Entrepreneur Of The Owner, Boston Entrepreneur Center for Refugee of Competitiveness Services & Chief Year Syria 2011 Celtics and Disaster Councils - Globalization Officer Response, Johns MODERTOR Hopkins School of Public Health Steven Gold Takumi Shibata HRH Prince Tae-Shin Kwon Senior Partner for Group COO, Nomura Turki Al Faisal Vice Chairman, Entrepreneurship, Holdings, Inc. Chairman, King Faisal Presidential Babson College Center for Research Council National and Islamic Studies Competitiveness, Korea Stephen Kennedy Thomas M. T. Michael Moseley Victor Chu Smith, Connelly United States Air Chairman, First Member of the Executive Vice- Force 18th Chief of Eastern Investment Board, Rapid President, Du Pont Staff Pharmaceutical and Owl Biomedical81 www.gcf.org.sa
“ Public-private partnerships are the key to “ develop and foster entrepreneurship inGCF 2012 Sponsors and Media Partners the public sector. Professor Robert D Hisrich Director of the Walker Center for Global Entrepreneurship at Thunderbird School of Global Management