Our visit of „Fabric of Modernity“ on March 6th at the Münchner Kunsthalle turned out to be an outstanding encounter with modern artists, such as Picasso, Miro, Bourgeois … It was the perfect introduction to the surprisingly modern tradition of textile weaving by French manufactories with the outstanding expertise in combining artistic finesse and superb craftsmanship. Time for questions with a very knowledgable guide in a small group made this tour an amazing highlight!
Digital change in legacy companies using the example of Haniel Group. In September 2019, the Family Business Club was invited to the UNESCO World Heritage Site Zeche Zollverein to meet with Franz Markus Haniel, Chairman of the Supervisory Board of Franz Haniel & Cie. GmbH. Together with Dirk Müller, Managing Director of Schacht One, the digital unit of the Haniel Group and Tobias Grün, Digital Transformation Leader of Schacht One, we discussed how long-standing family businesses, such as the Haniel Group, tackle the digital transformation without losing sight of long-standing traditions and values.
Franz Markus Haniel and Dirk Müller presented insights into their digital strategy. Both stressed the importance of having an internal digital force within the Haniel Group to gain acceptance among the traditional operating companies (e.g. CWS, BekaertDeslee, etc.), enable the digital transformation from within and support Haniel to stay ‘enkelfähig’. Tobias Grün provided concrete examples of product innovations from the Haniel start-up portfolio, among them SKIN+, a probiotic pillowcase, which we could test first-hand. The discussions were continued over food and drinks.
If you have any questions or want to join the Family Business Club please feel free to reach out to Caroline (email@example.com) who leads the club and organized this great event!
HAPPY BIRTHDAY INSEAD!
Hamburg opened our series of Global INSEAD Day celebrations with a BBQ on the 9th of September. Sunny weather added to this afternoon in the scenic garden of our Hamburg’s Chapter Head in INSEAD style! In addition, on Global INSEAD Day more than 60 Alumni celebrated the 60 anniversary of INSEAD in Berlin, Frankfurt, Stuttgart & Munich.
Three to five times a day, we as individuals get to make a choice – a choice that has an incredible impact on the world around us. That choice not only impacts the health of our family, but also impacts the health of the planet, and with our food supply system being more globalized than ever, our individual food choices have a great impact on others around the world.
Food is a sensitive topic. It is not just fuel for our bodies, but it offers a way of connecting with others, experiencing new cultures, and often times is tied with some of our fondest memories. However, as the planet continues to warm, the global population continues to increase, and our available resources to feed the growing population are stretched more and more, we must begin to address the impact that our personal food choices have on the greater world around us. More importantly, we must begin to ask the question: What responsibility do we as individuals and business leaders have to promote conscious and ethical consumption of food in our personal lives and in our businesses, and what concrete actions can we take today to address the ever-pressing problems we as global citizens are facing?
These were two questions that were at the heart of the second IAAG Business and Society Community event hosted on July 4, 2019 in Munich, titled The Future of Food: Rise of the Conscious Consumer in Reducing Waste …. For more Information about this event click here to see the full report of Kelsey Hudspeth
Impressum – Angaben gemäß § 5 Telemediengesetz (TMG) :
INSEAD Alumni Association Germany e.V. Postanschrift: Buchenweg 25, 82319 Starnberg, Germany, Telefon: +49 (0)8151 444 658, E-Mail: firstname.lastname@example.org, Website: https://blogs.insead.edu/germany-iaa/, Vertretungsberechtigte Vorstände (Executive Committee): Christian Rebhan, Bettina Langenberg, Barbora Moring, Raphaele Balzer, Patrick Gruenewald, Ashutosh Kumar, Marisa Rodrigues, Constantin Tillmann; Vereinsregister: Amtsgericht Düsseldorf, VR Nr. 6512,
VAT ID: DE280012951
On 23rd July, 2019 Emre Soyer’s (PhD) masterclass “The Dark Side of Experiences” took place in Munich. The title of the speech was a candidate of his soon-to-published book.
Emre Soyer started with the recent tennis match between Federer and Nadal and took this as a scene where instant feedback is available as the player gets to see the reaction of the ball and occasionally also from his coach. However, this is not always the case in everyday life, especially when it comes to complex decision making. Since we do not get immediate response, we tend to resort to our past experiences. This can lead to biases, blind spots or even hurdles to make an informed and wise decision. Thus, it is advisable to be particularly careful about experiences. Knowing where these come from is a good start.
Emre Soyer illustrated with lots of examples from his work and research the dark side of experiences along four chapters from his book: freedom (Many options have been deliberately omitted or emphasized to influence our decision-making process. In that sense the degree of freedom is rather limited), creativity (e.g. How to calm down people when a flight gets delayed? a guy dressed as a pilot telling they have to wait helped more than any other information or compensation), causality (he introduced the concept of base rate. If the base rate is low, it is more about the luck, about being at the right place at the right time. We won’t be able to conclude with insight what really caused the difference) and happiness (things that I don’t want and don’t have either) An engaging and interactive lecture, in which he managed to give us within a short period of time pills (base rate) as well as big ideas to gauge our perception of the world more objectively. Knowing where the dark side resides and why it is there certainly will help to be more aware of the pitfalls, be more creative and most important of all, make better decisions that can lead to more happiness. Over time the data that everybody collects, interprets and applies will reinforce intuition.
One take away from his class was a graph that really was food for thought and laugh at the same time. In the graph there were only four types of things in the world, things that I want but don’t have; things that I want and do have; things that I don’t want but have; things that I don’t want and don’t have either. Emre explained that people tend to focus too much on the first type. However, a dirty workaround to get a little bit happier is just to think a little more about the last type: things that I don’t want and don’t have either. I tried it personally and it worked like wonder.
Oh, one last piece of recommendation from Emre Soyer is the movie Money Ball, which I will watch some time.
INSEAD Alumni in Frankfurt enjoyed a guided tour. On 9th of May they explored Frankfurt’s “New Old Town”. Despite adverse weather conditions renowned tour guide Christian Setzepfandt enthused our group. He spellbounded them with his tales about the recently and according to the original plans reconstructed quarter from Emperors’ Cathedral to Römer City Hall and brought Frankfurt’s mediaeval history back to life. 35 houses – 15 thereof reconstructed in accordance with original plans and 20 newly build – are the pride of Frankfurt buzzing city center. After the tour the group enjoyed the regional bi-monthly get-together at the Wirtshaus am Hühnermarkt – one of the historic buildings of the New Old Town. Don’t miss the next guided tour in Frankfurt!
Save the date ! QUO VADIS HEALTH CARE?
Annual Conference 27. – 29. September 2019
in Mainz & Wiesbaden!
Meet with your fellow INSEAD alumni in the picturesque city of Mainz. Celebrate an exclusive Gala evening in the famous Kurhaus Wiesbaden and enjoy the scenic views of the Rheingau region close to some of Germany´s largest Health Care players.
With digitalization disrupting one industry at a time, health care is likely to be next in line. A broad scope of economic and societal questions is arising – will Artificial Intelligence and the exponentially increasing amount of available data help us to prevent diseases rather than treating? Will we live to 120 years and beyond? Will medicine be tailored and personalized?
What will be the implications on society? The focus topic “Quo Vadis Health Care?” invites you to enlarge your horizon and learn from a range of diverse speakers.
We encourage you to reach beyond the intriguing insights of the Health Care sector by fostering an inspiring dialogue with your fellow IAAG alumni and experts from corporate, consulting and academia
FOOD FOR THOUGHT ON THE FEBRUARY 21st TECH FOR GOOD EVENT
After clocking out from another February workday, over 60 bright-minded INSEAD alums equally represented across three generations extended their evening to come together on the Business and Society Theme of “Technology for Good”. They made their way up the glass elevators to 21st floor of the IBM Watson IoT Centre (in Munich); IBM our gracious host for the evening, dedicated not only their impressive facilities (which, some say, have the best views of Munich), but also their time to join the discussion. A big thank you to our hosts!
While this was indeed an opportunity to catch-up with familiar faces and network with unfamiliar ones, this 21st of February also marked the Kick-Off of the IAAG Business and Society Community, aligned with the Hoffmann Global Institute for Business and Society
Here’s the net-net of the Tech for Good Event
Sitting in a ‘fishbowl’, we opened with 4 broad viewpoints from our distinguished guests: Alessandra Hawthorne, Chief Ethics and Compliance Officer, Boehringer Ingelheim, Angela Lawaldt, Partner, Bonventure Impact Investors, John Vasquez, Head of Software Development, IBM Internet of Things and Dr. Wolfgang Ziebart, Board of Directors, JaguarLandRover, Infineon, Continental, BMW, ASML, Nordex, Autoliv.
John (who holds over 200 patents to his name!!!) inspired us with examples harnessing AI to improve people’s lives (e.g. he built a device that detects obstacles. It enabled a blind athlete to run marathons). Alessandra pointed to the need of predictive analytics for compliance to flag things that could potentially go wrong. Angela spoke to bridging the gap between being a financially viable NPO with a social cause and making a profit – it shouldn’t be a tradeoff. Wolfgang alluded to leaving the world in a better state than the one in which he arrived. Alums subsequently jumped into the fishbowl and joined the debate and broadened the themes.
We then broke out into individual groups on ethics, social impact investing, youth, workplace automation, and a wildcard topic. As this was an INSEAD alum gathering, wine was optional.
Thumbs up – for now
The objectives of the event were met or at least that was the initial feedback from participants. The discussion inspired our attendees to do “good” in the workplace wherever possible irrespective of role or seniority. It also facilitated learning from and collaborate with each other on business for good. Some were inspired to volunteer to contribute to future events.
While there are only so many hours in an evening on a workday such as February 21st, there was consensus on the need to maintain the momentum from the event to further build out a community that shares and acts on business as a force for good, making this exchange infectious. What’s next? is exactly the question we are reflecting on now…and how we can facilitate the conversations to the next level and impact?
Written by Joanna Wardzinski
If you would like to learn more about our design to do your own, or to contribute to next steps on this (however big or small your time commitment) please contact our core team at email@example.com or IAAG.
The INSEAD Entrepreneurship Club is happy to announce the organization of a Founders’ Trek in Berlin on days 21/22/23 of September! In a nutshell, 3 strong objectives:
1) Providing a space for INSEAD students with the ambition to found a company after INSEAD to get clarity on what it means to be a Founder
2) Create meaningful conversations between INSEAD students and Berlin Alumni, Founder and other key actors (VCs, incubators…)
3) Present the Berlin Startup scene to current students
On Friday afternoon (Sept 22nd) we planned a round table session and we are looking for Alumni who would be able to answer to students’ questions such as:
- How to raise funds?
- How to build an efficient team?
- How to build a POC (proof of concept)?
- How can I choose the right incubator?
- How can the Alumni help me in my venture?
If you recognized yourself in this description please join us and send a mail to firstname.lastname@example.org.”