Archive for August/2010

Explore the Master in Corporate Communication and follow the suggestions from Adrian Monck, Managing Director and Head of Communications at the World Economic Forum (Davos-Switzerland):

IE Focus | By Ricardo Perez, Professor at IE Business School

Nokia is still a leader in terms of sales, but the crown of innovation has now passed to Apple. In order to get it back, Nokia needs to reinvent itself as a mobile services company that offers multiple benefits to its partners. At the last world mobiles congress in Barcelona, Nokia and Intel revealed their plans for the joint development of software for all kinds of devices to compete with Apple and Google. Nokia takes another step forward in its strategy of creating a technological platform that returns it to a position that will enable it to take the initiative in the most interesting market at the present time, i.e. smart phones like the iPhone, and in new markets, such as the one created recently by the iPad. Don´t worry, I won’t go on about the iPad; what I want to speak about is Nokia and its position in today´s market. It is a story of what can happen to a leading company if it comes up with the wrong definition of the business game it is playing. The loss of leadership this causes has happened to others: it has happened to Sony with its music players and its video consoles over the last two years. Nokia had worked hard to create the different technological platforms it believed would enable it to win in the mobile market. Symbian, its key product, has also seen defeat. Allow me to explain.

Nokia established the rules for the top-of-the-range telephone market before iPhone. It created an alliance to produce the base software (operating system) with which telephones worked (Symbian, theoretically neutral and owned by many companies on the market). It also made sure that what users saw on the telephone when they used the menus (user interface) was the development and property of each of Symbian´s partners, which meant it could not enter the market as a competitor. The rules were clear and benefited Nokia in a market that competed in terms of the electronics and “additional utilities” of the telephone (best camera, GPS, etc.). Read more…

The continued demand of online education, makes IE launching a second intake in March 2011 of its renowned Global MBA.

Since already 4 years, the IE Global MBA provides candidates with an extraordinary flexbility when studying their MBA program. They can continue progressing within their corporations meanwhile they connect on a daily basis to the online campus, exchanging experiences and discussing cases in teams like in the full-time MBA class.

Every Saturday they enjoy the class setting through videoconferences where teams have to present their conclusions on a given case discussing it with the entire class moderated by the professor. If you’re working in an international oriented company, videoconferences are most likely to be happening at some stage of your career development and during the program you learn the tools to efficiently conduct those conferences.

Due to the increasing demand of the Global MBA and a more diversified outreach, IE introduced last year a second time slot for the Saturday Videoconferences. Now, those sessions can be followed from 11am to 3pm and from 4pm to 8pm (Madrid time). The second time slot boosted the diversity in class and the program counts now with 43 different nationalities within a class size of about 70.

… and there is another good news: in addition to the September intake , IE launches a second intake, starting in March 2011. The official program start is set for March 19, 2011 and the first residential week starts on March 28, 2011. This first residential weeks helps to know the other team and classmates as well as the professors. The second residential week at the end of the program is rounding up the whole online experience with the graduation together with the full-time MBA. Being awarded the same degree, it makes sense that both classes graduate together!

The next virtual presentation will be on September 8 at 1pm Madrid time (7pm Singapore time). You can sign up for on our event page and explore in the meanwhile the IE Global MBA web.

IE Focus | By David Gracia, Professor at IE Business School

The social networking phenomenon is unstoppable, but there is still no business model capable of successfully exploiting the services these companies provide.Social networks are attracting more and more consumers´ attention. As a result, they are becoming an unbeatable opportunity for advertisers to showcase their products and services to potential consumers. However, advertisers´ and users´ interests are not always the same and social networks need to find a balance so that they can attract new users and, at the same time, capitalize on their services in an Internet culture ruled by freebies. It is a three-edged challenge: advertisers, users and the social networks themselves.

Social networks are a particularly attractive platform for advertisers. Facebook, which has just completed its sixth year, was visited by 460 million people in February, 13.3 million of them from Spain (according to figures released by Nielsen). If Facebook were a country, it would have the third-highest national population on the planet, with more than 400 million inhabitants.

The comparison between Google and Facebook is particularly interesting. On the one hand, the percentage of Internet users that use the search engine in Spain is 91%, whereas only 53% use the social network. On the other, the key factor lies in the time spent by users on the site: whereas with Google people enter, search and leave, whereas Facebook users are getting more and more involved in a growing number of activities. On average, users spend 1.45 hours a month on Google, which is very little in comparison with the 6.5 hours they spend on Facebook. Read more…

Madrid stands for quality of life. The capital is up two positions in the annual ranking of the 25 most liveable cities published by the British magazine Monocle, taking the tenth position. The Urban Quality of Life Index, featured each year in Monocle’s July edition, has become a world standard used to measure the urban parameters that define each of the cities that make it into this prestigious list.

Madrid has jumped up the scale for the third year in a row after taking the 13th and 12th positions in 2008 and 2009 respectively. Of the 25 cities included in the Index, only seven have improved their position in 2010 compared to the previous year, and only three of them stand among the top ten.

By making it into the top ten of the world’s most liveable cities, Madrid now shares a privileged status that only includes three other capitals with over three million inhabitants: Tokyo, Paris and Melbourne. Despite the general Spanish context, the capital is still an appealing place to live in and invest in.

For more information on Madrid, please visit esmadrid.com

… found @ Inside España Newsletter