Global Engineering Leadership as a tool for success

A critical issue for technology firms is the competitiveness of their talented technical staff and leading innovators. As high performers are promoted within engineering and technical marketing roles, many require rounding out of their skill sets to function as both engineers and leaders. The symptoms of “engineering without leadership” include organizational indecision about new products…

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Economic Journalism in Asia: Contest

IE Business School launches its first edition of the Asian version of the Economic Journalism contest. The contest attracted 1000 journalist in its 3rd edition in Latin America and recognizes the article and media that best fosters economic culture among the population of the country in question by explaining how global trends and movements are impacting the spending power of its citizens.

The last 20 years have seen unprecedented levels of development and economic transformation in practically all the countries in the Asian continent. This growth is evidenced not only by macroeconomic figures but also by the change in the day-to-day lives of hundreds of millions of Asians, duly documented and chronicled by the media in countries throughout Asia. These narratives of the different phases of economic growth include accounts of the first arrivals of foreign business, mass exportation to the West, and the major inroads made by Asian multinationals in the rest of the world since the year 2000, not only in the form of exports but also in terms of purchases and production in every continent.

The media has born witness to and provided a running commentary on this success story, providing reflection and making its own contribution to the growth process.

As the countries of Asia have undergone economic growth, Asian media organizations have assigned ever greater numbers of journalists to coverage of this field and have increased the size their economy sections significantly. The proliferation of dailies and journals specialized in business and economy, along with websites and/or television channels, is a further sign of a society and market that is growing.

The press has played a key role in strengthening the economy, because thanks to news published about successful business corporations, new production technology or other related information of interest, it has helped to inform and educate the population about finance, business opportunities. An increasingly large middle class needs more information of this type in order to take important decisions. Without economic journalists and business press there is no social well-being and growth.

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International Relations in its real sense!

September 21 will mark the official launch of IE University’s new Bachelor in International Relations program with a 35-member inaugural class representing 17 different nationalities. The first Bachelor in International Relations class is a thriving and truly international group of 35 students representing over 16 countries around the world: Argentina, Austria, China, Colombia, France, Germany, Kenya, Mexico, Morocco, Peru,…

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World economy: 3 risks that hardly anyone talks about

IE Focus | By Ignacio de la Torre, Professor at IE Business School

The threat of a new recession in the US, the drop in the price of raw materials, and decisions taken by the ECB, might just bring about a turnaround in the world economy.

The traveler Javier Reverte once commented how when he set out on a trip to places he did not know he made a mental provision for scams, so that when a taxi driver overcharged him he didn’t get angry, given that he had already factored the “surcharge” into his provision. Now that we are over the hurdle of the recent European summit, in which for the first time political leaders adopted that old market practice of affording a false sense of happiness by means of pre-martyrdom (i.e. by lowering expectations and then subsequently announcing measures that are not quite that bad), it’s time to shed some light on other sources of basic risk for the world economy, so that we can set up our own mental provisions.  Given that I have always criticized market players for only seeing black swans in the economy, in spite of the fact that the majority of swans are white, I am going to talk about three risks – one negative, one ambivalent, and one positive, because they are the type of risks that will allow us to think that things are not really quite so bad if they do actually happen.

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A reflection on international labor markets

IE Focus | By Gayle Allard, Professor at IE Business School

We keep hearing about “flexible” and “rigid” labor markets, but what do these terms mean exactly? Does any one model work better than others?

We are hearing a great deal lately about “flexible” and “rigid” labor markets. What exactly does this mean? Is there any particular labor market model that works better than the rest?

Generally speaking a rigid labor market is one in which it is difficult to hire and/or fire workers, because such changes are subject to strict regulations and tend to be extremely expensive exercises. In Spain, up until the labor reform implemented earlier this year, it could take four years for a company to fire a worker who had worked there for many years. These norms seemed to put companies off hiring in general and created a “dual market” where some people were permanent and enjoyed too much protection, while the rest were in a far more precarious position, as well as earning considerably less.  A situation like this tends to reduce a country’s rate of productivity, given that permanent workers have no incentives to be more productive, and temporary employees are unable to produce more because the firm is not willing to invest in training them.

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Global MBA / EMBA explained

Sometimes it’s difficult to decide whether to work or to study, especially when your corporate development is smoothly and you don’t really need an additional degree to grow professionally. REALLY? Have you considered what your peers are doing? They might get an MBA Degree meanwhile you’re enjoying working… and to make the next big step…

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SURE!

The profesor of  IE School of Architecture, Andy Bäcker is a finalist with a special mention in the 2nd Green ICT Application Challenge, organized by UIT and Telefónica, in support of “International year for Sustainable Energy for All”. The title of Bäcker´s project is “Sure”, it is a transparent, interactive, voluntary and fun certification system to…

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