Canadian PM Justin Trudeau Speaks at 2018 MIT Solve Summit

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Educator and mentor Jean-Jacques Degroof is a former Sloan Fellow of the Massachusetts Institute of Technology (MIT) Sloan School of Management. Today Jean-Jacques Degroof supports MIT initiatives that promote entrepreneurship and innovation, including the annual Solve summit.

News & Politics

Canadian PM
Justin Trudeau
Speaks at 2018 MIT
Solve Summit

Educator and mentor Jean-Jacques Degroof is a
former Sloan Fellow of the Massachusetts Institute
of Technology (MIT) Sloan School of Management.
Today Jean-Jacques Degroof supports MIT
initiatives that promote entrepreneurship and
innovation, including the annual Solve summit.

An annual event bringing
together teams to tackle
some of the biggest
challenges in the world
today, Solve offers winning
teams $650,000 in funding
and prizes. On May 18, 2018,
Canadian Prime Minister
Justin Trudeau was the
main speaker at the annual
Solve meeting.

Speaking at MIT’s Kresge Auditorium, Trudeau
emphasized the need for people to embrace
change and influence it as it takes place. He stated
that as the world becomes technological, global,
and diverse, new challenges will be created. Rather
than fear change, people must come together to
shape the change.

Trudeau praised MIT’s Solve for its efforts in
reimagining the conversation around
change. He compared it to a challenge
program in Canada that sought to involve
more women in entrepreneurship. He said
that by challenging more people, solutions
will be created and, even better, society will
become inclusive and more engaged.

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Rita McGrath was named the sixth most influential business thinker in the world and one of the top 25 smartest women on twitter. You can see her live (or via webcast) on January 30th at the BWI Airport Hilton in Maryland. All participants will get a copy of Rita's book, The End of Competitive Advantage. This special four-hour session will feature Rita talking about her latex book and research around how to thrive in an era of "transient advantage". She will be followed by a panel of C-level executives and a special collaboration session with all participants working ion their competitive playbook for 2014 and sharing their insights wit the group. Registration and details can be found at http://www.blionline.org/rita

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8 BUSINESS ETHICS AND STAKEHOLDER MANAGEMENT IN THE GLOBAL ENVIRONMENT 8.1 The Connected Global Economy and Globalization Ethical Insight 8.1 8.2 Managing and Working in a “Flat World”: Professional Competencies and Ethical Issues Ethical Insight 8.2 8.3 Societal Issues and Globalization: The Dark Side 8.4 Multinational Enterprises as Stakeholders 8.5 Triple Bottom Line, Social Entrepreneurship, and Microfinancing 8.6 MNEs: Stakeholder Values, Guidelines, and Codes for Managing Ethically 8.7 Cross-Cultural Ethical Decision Making and Negotiation Methods Chapter Summary Questions Exercises Real-Time Ethical Dilemmas Cases 21. Google in China: Still “Doing No Evil”? 22. Sweatshops: Not Only a Global Issue 23. The U.S. Industrial Food System Notes OPENING CASE The new global economy is no longer comprised of separate economies per country or region; instead, it has become a complex grid of interconnected networks of resources. Advances in technology have made it possible for “money, goods, data, and people to cross borders in huge volumes and at unprecedented speed. Since 1990, trade flows have grown 1.5 times faster than global GDP. Cross-border capital flows have expanded at three times the rate of GDP growth.”1 Consider that now “only one in ten US dollars in circulation today is a physical note Weiss, Joseph W.. <i>Business Ethics : A Stakeholder and Issues Management Approach</i>, Berrett-Koehler Publishers, Incorporated, 2014. ProQuest Ebook Central, http://ebookcentral.proquest.com/lib/apus/detail.action?docID=1565988. Created from apus on 2019-06-30 14:39:06. C op yr ig ht © 2 01 4. B er re tt- K oe hl er P ub lis he rs , I nc or po ra te d. A ll rig ht s re se rv ed . – the kind you can hold in your hand or put in your wallet. The other nine are virtual. Estimates by Cisco Systems suggest that in 2009, global data flows expanded by nearly 50 percent. In China alone, more than 150 million new people connected to the Internet in 2009, giving that country a digital population almost as large as the world’s biggest socialnetworking site, Facebook.” Emerging markets—like Brazil, China, and India—are strongly impacted by this new global grid. “The explosion of mobile networks is giving billions of people their first real entry point into the global economy, helping them become more informed consumers, connecting them with jobs, and providing much better access to credit and finance.”2 Consider also the impact globalization has on the business community. A growing global information grid directs companies toward new innovations and connections to the Internet. John Deere tractors, for example, are equipped with GPS guidance systems “to apply fertilizers to cropland precisely. TomTom has created systems of ‘smart’ traffic lights that improve traffic flows. Nortura, Norway’s largest food supplier, uses radio-frequency identification (RFID) technology to trace chickens from the farm to the s.

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Human Resources Management Issues, Challenges and Trends: “Now and Around the Corner”, pages 31–52. Copyright © 2019 by Information Age Publishing All rights of reproduction in any form reserved. 31 CHAPTER 2 GLOBALIZATION AND HUMAN RESOURCE MANAGEMENT Ronald R. Sims The environment in which today’s organizations find themselves continues to be more globalized as the world is becoming a “global village.” This globalization is driven in part by continued growth in multinational investment to include more and more companies entering into alliances with foreign companies, exporting their products overseas, and building plants in other countries. All of the human resource management (HRM) challenges, issues and opportunities discussed in previous chapters in this book are interrelated conceptually and operationally in the international context. This chapter discusses a number of the HRM challenges, issues and opportunities HRM professionals and their organizations will need to address in today’s and tomorrow’s global world of work. The chapter first takes a look at today’s global organization and some HRM issues. Next, the discussion turns to the globalization of business and factors affecting HRM in global markets before focusing on an analysis of levels of global or international and HRM operations. Finally, the chapter discusses globalization and implications and impacts on HRM in the future. C o p y r i g h t 2 0 1 9 . I n f o r m a t i o n A g e P u b l i s h i n g . A l l r i g h t s r e s e r v e d . M a y n o t b e r e p r o d u c e d i n a n y f o r m w i t h o u t p e r m i s s i o n f r o m t h e p u b l i s h e r , e x c e p t f a i r u s e s p e r m i t t e d u n d e r U . S . o r a p p l i c a b l e c o p y r i g h t l a w . EBSCO Publishing : eBook Comprehensive Academic Collection (EBSCOhost) - printed on 10/30/2020 9:12 AM via UNIVERSITY OF MARYLAND GLOBAL CAMPUS AN: 2006258 ; Ronald R. Sims.; Human Resources Management Issues, Challenges and Trends: 'Now and Around the Corner' Account: s4264928.main.eds 32 • RONALD R. SIMS TODAY’S GLOBAL ORGANIZATION AND HUMAN RESOURCE MANAGEMENT ISSUES For the past decades, there have been profound changes in the international business scene. With geographic national borders being almost replaced by multinational firms, and a heightened level of labor mobility around the globe, the implication of HRM to design and develop firms’ global business strategy, and to direct individuals (i.e. managers and professional staff alike) for working in different countries, is undoubtedly significant. Rosalie Tung (2016) has recently suggested that in the past three decades or so, globalization/regionalization, migration and reverse migration (also referred to as “brain circulation”), the ascen- dancy of emerging markets, the demand for people with a global mindset, and the worldwide war for talent have brough.

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Massachusetts Institute of Technology (MIT) has had a long history of innovation. Much too often, in fact, students would convert their dorms and apartments into laboratories of innovation and invention called "makerspaces". These workspaces for innovation are central to the institution’s legacy of research and development. Makerspaces are examples of MIT’s motto, “mens et manus” (mind and hand) at work. MIT is synonymous with innovation, and this rapidly growing ecosystem is another evolution of the university’s platform for research.." MIT's makerspaces are often categorized into three types: machine shops, project makerspaces, and community makerspaces. In the machine shop makerspaces, machinists oversee students developing complex systems. Students can seek project makerspaces to help them with class projects. In community makerspaces, students are not limited in the types of research they engage in while learning about safe maker practices.

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An educator, academic, and successful entrepreneur, Jean-Jacques Degroof has extensive experience in teaching about and building new ventures. A few years ago, Jean-Jacques Degroof launched with MIT's International Science and Technology Initiative (MISTI) an edition of Global Startup Labs at the University of Louvain in Belgium. MIT has always been at the helm of innovation, producing some of the country’s best and brightest talent, and this year, the school was granted funding for research to study behavior on a nematode. The study’s researchers chose C. elegans because the system from which they emit and receive serotonin is comparable to that of mammals. Because of the complexities of the nervous system in mammals, researchers could not use mammals, but they instead chose this worm because the nematode's neurons can be precisely mapped out. Scientists can genetically control these cells including the five systems that regulate serotonin. Being able to regulate all of the neurons in the worm’s nervous system allows them to study the release of serotonin and how this affects behavior. The first two experiments will focus on how the brain uses serotonin to control behavior, and the third experiment planned will focus on how this behavior changes in complex environments.

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Jean-Jacques Degroof is an accomplished entrepreneur and venture investor with experience teaching at leading European business schools. An alumnus of MIT Sloan School of Management, Jean-Jacques Degroof supports entrepreneurship and innovation at his alma mater. One of the innovative projects is being undertaken at MIT is by Carlo Ratti, a professor of architecture. Mr. Ratti is developing two-bed intensive care pods out of ordinary 20-foot long shipping containers to increase hospital bed capacity in cities around the world ravaged by the COVID-19 pandemic. The pods can be built for about $100,000, equipped with all relevant medical devices, a fraction of the cost of building an emergency prefabricated hospital. Mr. Ratti is working with a team of professionals from around the world to fast track the innovative solution. He has already received funding from UniCredit to build the prototype which will be deployed in Milan, Italy where the pandemic is straining health care systems. He will make the designs public so that teams around the world can use them to ramp up their healthcare capabilities. He is also in talks with automotive manufacturers to mass-produce the pods.

Architect Converting Shipping Containers to Emergency Hospital Pods

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Jean-Jacques Degroof, PhD, is an accomplished financial industry executive and academic professional who engages in venture investment. Outside his work, Jean-Jacques Degroof supports the Massachusetts Institute of Technology (MIT) as a member of visiting committees and advisory boards. Moreover, he advances entrepreneurship and innovation at the school by sponsoring activities such as Hacking Arts, the 15K Creative Arts Competition, and an accelerator program. Since its founding in 1861, MIT has advanced knowledge in the fields of technology, science, and other areas of scholarship. The institution, which was originally founded to drive the United State’s industrial revolution, currently instructs over 11,500 students and and has a research budget of $773,901 million in 2019.. Recently, an MIT chemistry team led by associate professor Brad Pentelute began testing a drug candidate that held promise as a treatment for COVID-19. The drug, a peptide or short protein fragment, mimics proteins found on the surface of human cells. Initial research of the drug has shown it can disarm coronaviruses by binding to a viral protein that the virus uses to enter cells. For additional information on the study, which was initially reported on the online preprint server bioRxiv, visit http://news.mit.edu/2020/peptide-drug-block-covid-19-cells-0327.

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Jean-Jacques Degroof is a venture investment advisor and business school lecturer with longstanding connections to the Massachusetts Institute of Technology. In addition to earning both his MS and PhD from the MIT Sloan School of Management, he has held multiple academic and research positions with the university. Over the years, Jean-Jacques Degroof has closely followed technological developments at MIT, including innovations in aging and Alzheimer’s research.

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A longtime leader in the fields of entrepreneurship and innovation, Jean-Jacques Degroof brings more than three decades of experience to his work as a venture capital investor and business-school educator. Over his long career, Jean-Jacques Degroof has been heavily involved with Massachusetts Institute of Technology (MIT), serving as a Sloan Fellow of the MIT Sloan School of Management and as a researcher.

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Because of his involvement in new technology ventures, Jean-Jacques Degroof regularly participates in conferences related to new technologies, such as the MIT Conference on the Digital Economy in London: The Second Machine Age. The conference was led by Erik Brynjolfsson, director of the Initiative on the Digital Economy, and Andrew McAfee, co-director of the Initiative on the Digital Economy. Jean-Jacques Degroof participated on this occasion in a series of discussions about the new digital world and its implications, including one with Dave Vellante and Stu Miniman from theCube for the live post-show to the MIT Conference.

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Jean-Jacques Degroof has spent many years as an investor, mentor, coach, and teacher with the goal of encouraging innovation. After success in academia and the financial services sector, Jean-Jacques Degroof turned to philanthropy as president of the Degroof-Van Massenhove Foundation in Belgium, which supports innovative solutions to improving the well-being of elderly people, and by supporting the Engineers Without Borders chapter at his alma mater, MIT.

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A business and finance executive based in Brussels, Belgium, Jean-Jacques Degroof, PhD, is a venture investor and entrepreneurship teacher in numerous European business schools. Jean-Jacques Degroof received his PhD in management from the Sloan School of Management at MIT, and after his studies, he served as a researcher and later an affiliate researcher with the MIT Industrial Performance Center (IPC).

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Canadian PM Justin Trudeau Speaks at 2018 MIT Solve Summit

1. Canadian PM Justin Trudeau Speaks at 2018 MIT Solve Summit

2. Educator and mentor Jean-Jacques Degroof is a former Sloan Fellow of the Massachusetts Institute of Technology (MIT) Sloan School of Management. Today Jean-Jacques Degroof supports MIT initiatives that promote entrepreneurship and innovation, including the annual Solve summit.

3. An annual event bringing together teams to tackle some of the biggest challenges in the world today, Solve offers winning teams $650,000 in funding and prizes. On May 18, 2018, Canadian Prime Minister Justin Trudeau was the main speaker at the annual Solve meeting.

4. Speaking at MIT’s Kresge Auditorium, Trudeau emphasized the need for people to embrace change and influence it as it takes place. He stated that as the world becomes technological, global, and diverse, new challenges will be created. Rather than fear change, people must come together to shape the change.

5. Trudeau praised MIT’s Solve for its efforts in reimagining the conversation around change. He compared it to a challenge program in Canada that sought to involve more women in entrepreneurship. He said that by challenging more people, solutions will be created and, even better, society will become inclusive and more engaged.

Canadian PM Justin Trudeau Speaks at 2018 MIT Solve Summit

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