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Technology, Innovation, Entrepreneurship and Sustainability talk by Dr. Dipak C. Jain
July 21, 2016 @ 10:00 am - 12:00 pm
Professor Dipak C. Jain, Ph.D.
Director of Sasin
Dipak C. Jain’s academic career began in India, where he earned his bachelor’s degree in mathematics and statistics (1976) and his master’s degree in statistics (1978) from Gauhati University, Assam. He obtained his Ph.D. in Marketing in 1986 from the University of Texas at Dallas, USA.
Prior to becoming Sasin’s Director in 2014, Dr. Jain served as Dean of INSEAD from 2011 to 2013. He was Dean of Northwestern University’s Kellogg School of Management from 2001 to 2009, after joining the school’s marketing department as a faculty member in 1986.
Dr. Jain has served as the departmental editor for the journal Management Science, the area editor for Marketing Science and associate editor for the Journal of Business and Economic Statistics. He was also a former member of the editorial board of the Journal of Marketing Research.
Dr. Jain also serves as an independent director on the boards of John Deere & Company (USA), Northern Trust Corporation (USA), Global Logistics Properties (Singapore) and Reliance Industries (India). He has served as a consultant to Microsoft, Novartis, American Express, Nissan, Hyatt International, and SCG (Thailand).
Corporate reputations, in every industry, are driven by growth, innovation, and leadership. Customers around the world now demand new products and services, convenience, and value-for-money. In order to survive and thrive in this demanding and competitive marketplace, firms must create meaningful differentiation (value creation), develop customers’ willingness to pay the right price (value capture), and attract and retain top talent (human capital).
Furthermore, we are currently living in an era of entrepreneurship, in which anyone can establish a business based on an innovative idea. Such entrepreneurs are mostly driven by technology and innovation and some of today’s leading “start-ups” like Facebook, Uber, and Airbnb, show how to create better social networks through economic models that rely on new technologies and innovative, disruptive products. All of these entrepreneurs used technology and innovation to create communities that connect people around the world with products and services that they need and value.
But today’s entrepreneurs need to understand that they cannot ignore the impact of their businesses on people and the environment. Sustainability cannot be an “add-on” or an afterthought, but must be an integral part of their core business model.
Within this modern business context, this session will focus on:
1. Value Creation and Value Capture
2. Hyper Competition
3. Demographics Shifts
4. Human Capital Development
In light of these emerging trends, firms must adhere to the principles of value creation by having an innovation mindset and building a culture of innovation and entrepreneurship, focusing on customer centricity and impact, and enhancing organizational efficiency and effectiveness through economies of scale, scope and skills.