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Thursday, August 31, 2017

CEIBS’ Annette Nijs Gives Keynote at 5th Global Economic Leaders Summit

August 31, 2017. Changchun – Lessons for successful collaborations under China’s Belt and Road Initiative was the theme of a keynote speech given by CEIBS Executive Director Global Initiative Annette Nijs today at the 5th Global Economic Leaders Summit in Changchun. Organized by the Asia Pacific CEO Organisation (APCEO) the event brought together around 50 senior government leaders from the US, Russia, Hungary, Cambodia and Jilin Province as well as 550 senior executives, mostly from Fortune Global 2000 companies.

In her address, Nijs presented highlights of the Emerging Market Classification Report authored by the CEIBS Centre for Emerging Market Studies, and introduced the CEIBS Economic Research Institute for Central and Eastern Europe (ERICEE), an initiative by the Belt & Road Sino-CEE Fund and CEIBS which aims to move the fund’s projects forward.

She also shared some lessons on managerial excellence from research by CEIBS faculty that can be applied to Belt &Road projects. For example she explained that research by Associate Professor of International Business and Strategy Shameen Prashantham shows that corporate leaders should create an entrepreneurial eco-system around the projects in order to boost local innovation and encourage its transfer to others throughout the Belt & Road corridor.  He describes the mutual benefits for small start-ups and large multinationals to work together as ‘Dancing with Gorillas’.

Nijs also spoke about the importance of considering the most appropriate governance framework for Belt &Road projects, noting that research by Professor of Strategy and International Business Klaus E. Meyer shows that when emerging market multinationals go abroad they tend to use the same ownership mode as peers in their home country because of strategic similarity.

Finally, citing new research by Distinguished Professor of Management Jiing-Lih Farh on improving cultural intelligence, she spoke about the need for managers to have a high cultural IQ in order to better understand the different values of the diverse teams that will be involved in executing Belt & Road projects.

Annette Nijs
Janine Coughlin