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Technology should serve the people, requiring trust that our core values will be protected in this new domain. In episode #19 of Campus 10178, the ESMT Berlin podcast, we share an ESMT Open Lecture held on March 2, 2022 with Heli Tiirmaa-Klaar, director of the Digital Society Institute (DSI) at ESMT Berlin. Using diverse examples from her vast experience as an international cybersecurity expert, Tiirmaa-Klaar demonstrates what is necessary to develop a trustworthy digital society that serves its citizens and illustrates how different stakeholders – including the private sector, policymakers, and academia – can help achieve this goal. She also examines the public policy response necessary to balance out the disparities caused by rapid innovation and the growth of big tech. The lecture ends with a Q&A session moderated by Laurens Cerulus, cybersecurity editor and deputy technology editor at POLITICO Europe. Guest contact information: Heli Tiirmaa-Klaar, Director Digital Society Institute ESMT Berlin Schlossplatz 1, 10178 Berlin, Germany Phone: +49 30 21231-1661 E-Mail: dsi@esmt.org LinkedIn: https://www.linkedin.com/in/heli-tiirmaa-klaar-2b46596a/ Twitter: @heliklaar About Campus 10178 Campus 10178 is Germany's #1 podcast on the business research behind business practice. Brought to you each month by ESMT Berlin, the 45-minute show brings together top scholars, executives, and policymakers to discuss today's hottest topics in leadership, innovation, and analytics. Campus 10178 – where education meets business.
The European Union has reached its tenth year of a cycle of financial and economic turmoil that started in mid-2007. In this Open Lecture, based on the observation of recent developments including those related to the Italian banking sector and Brexit in 2016, Nicolas Véron will argue that a new policy cycle is likely to start this year. This new cycle will allow for less emphasis on emergency crisis management and more on the build-up of a sustainable framework to bring the European economy back to normal functioning. While stopping short of currently unrealistic visions of fiscal and political union and EU treaty change, this framing implies significant further changes in the areas of banking, capital markets, fiscal accountability, and structural economic policies. About Nicolas Véron Nicolas Véron cofounded Bruegel in 2002-05, joined the Peterson Institute for International Economics in 2009, and is currently employed on equal terms by both organizations. His research is primarily about financial systems and financial services policy, on which he has published widely since 2002. He has been a witness at numerous parliamentary hearings in the US Senate, European Parliament, and in several European member states; a financial policy expert for the European Commission and Court of Auditors; and a consultant to the International Monetary Fund and World Bank. He is also an independent board member of the global derivatives trade repository arm of DTCC, a financial infrastructure company that operates on a non-profit basis. A graduate of France’s Ecole Polytechnique and Ecole des Mines, his earlier experience includes senior positions in the French government and private sector in the 1990s and early 2000s. In September 2012, Bloomberg Markets included Véron in its yearly global “50 Most Influential” list, with reference to his early advocacy of European banking union.
In this ESMT Open Lecture on November 29, George S. Yip will analyze the key advantages China has for innovation, while identifying challenges for foreign companies conducting innovation in this Asian country. The Professor of Marketing and Strategy at Imperial College Business School will highlight leadership and strategy lessons for foreign companies to be learned, basing his talk upon a four-year program of research conducted by the CEIBS Centre on China Innovation. The findings are the subject of the book China’s Next Strategic Advantage: From Imitation to Innovation, published by The MIT Press in 2016.
Is the success story “European Union” coming to an end? With the United Kingdom leaving the European Union and developments in the Middle East, the political and economic union is struggling for internal stability, while having to face major international crises. In this ESMT Open Lecture on November 1, diplomat, lawyer, and former German State Secretary Jürgen Chrobog will analyze this European challenge as well as its perspectives for a stable future. About Jürgen Chrobog Jürgen Chrobog was born in Berlin in 1940. He represented the German Federal Foreign Office abroad for more than 30 years, with stages in Singapore and Brussels among others. Chrobog held the position of spokesman of the Federal Foreign Office for seven years. During this period he accompanied the process of the German reunification. In 1991 he was appointed Head of Political Affairs and was responsible for most operations in the field of public affairs. Chrobog served as German ambassador in Washington D.C. for six years from 1995, before assuming office as German State Secretary in 2001 and officially retiring from the civil service in 2005. During his time as State Secretary he became well-known for his exceptional commitment to freeing hostages in the Middle East. Thereafter, Chrobog was appointed Chairman of the Board of Directors of the BMW Stiftung Herbert Quandt before moving to Berlin. In the German capital, he works as columnist and consultant, with a main focus on topics such as the Arabic world, especially as they relate to terrorism and the developments in the Middle and Far East. Jürgen Chrobog is married to the Egyptian native, Islamic scholar and consultant for intercultural communications Dr. Magda Gohar-Chrobog. www.esmt.org/open-lectures
Change, especially relentless change, can make people feel uncertain about themselves, their identity, and the world they live in. Michael Hogg illuminated the appeal of extremist groups in times of uncertainty and illustrated under which conditions extremist groups become tremendously attractive.
Speaker: Rachel Empey, Chief Financial and Strategy Officer (CFO) of Telefónica Deutschland Holding AG Moderator: Kevin P. Hoffmann, Der Tagesspiegel, Head of the Business Section In this ESMT Open Lecture, Telefónica Deutschland CFO Rachel Empey described how Telefónica is using the integration process for its digital transformation to become the Leading Digital Onlife Telco. Thereby Empey used the example of O2 and E-Plus, one of the biggest mergers in the European telecommunications sector. Digitization is not only changing the way we do business, it is also becoming a major driver for M&A. At the same time, M&A processes boost the change dynamics within companies as structures and work flows are scrutinized. Hence, acquisitions can turn out to be an opportunity for a successful digital transformation.
With the Eurozone crisis in its fifth year, Germany’s role and the future of the Euro remain highly relevant. In contrast to those who rally against the common European currency, C. Fred Bergsten continues to argue that Germany has overwhelming reasons to make sure the Euro succeeds and that the Eurozone holds together. While it would be unthinkable for Germany to expose itself to charges that it had “destroyed Europe for a third time,” however, Germany has yet to lay out a clear vision for how it proposes to keep the Eurozone intact and respond to the challenges that lay ahead. While Germany has so far demonstrated the willingness to pay whatever price is necessary to preserve the Eurozone, Bergsten asks if it should indefinitely rely on financing its partners, or if it should rebalance its own economy in ways that would help adjust their imbalances? Is Germany prepared to tackle its large current account surplus? Are there feasible policy options consistent with Germany’s affinity for stability, and abhorrence of fine-tuning, that could achieve such outcomes? Will Germany support the further reform of the Eurozone institutions that will complete the economic and monetary union? Is it prepared to take these steps, and, if not, what is the risk of continuing to plod along? Dr. Bergsten hopes such strategies might help overcome the “high-level stagnation” that is the legacy of the Euro crisis and could otherwise remain so for some time.
At this ESMT Open Lecture, Harvard professor Niall Ferguson discussed and debated issues raised in his latest book Civilization: The West and the Rest. About the book: If in the year 1411 you had been able to circumnavigate the globe, you would have been most impressed by the dazzling civilizations of the Orient. The Forbidden City was under construction in Ming Beijing; in the Near East, the Ottomans were closing in on Constantinople. By contrast, England would have struck you as a miserable backwater ravaged by plague, bad sanitation and incessant war. The other quarrelsome kingdoms of Western Europe - Aragon, Castile, France, Portugal and Scotland - would have seemed little better. As for fifteenth-century North America, it was an anarchic wilderness compared with the realms of the Aztecs and Incas. The idea that the West would come to dominate the Rest for most of the next half millennium would have struck you as wildly fanciful. And yet it happened. What was it about the civilization of Western Europe that allowed it to trump the outwardly superior empires of the Orient? The answer, Niall Ferguson argues, was that the West developed six "killer applications" that the Rest lacked: competition, science, democracy, medicine, consumerism and the work ethic. The key question today is whether or not the West has lost its monopoly on these six things. If so, Ferguson warns, we may be living through the end of Western ascendancy. Civilization takes readers on their own extraordinary journey around the world - from the Grand Canal at Nanjing to the Topkapi Palace in Istanbul; from Machu Picchu in the Andes to Shark Island, Namibia; from the proud towers of Prague to the secret churches of Wenzhou. It is the story of sailboats, missiles, land deeds, vaccines, blue jeans and Chinese Bibles. It is the defining narrative of modern world history. About the speaker: Niall Ferguson is Laurence A. Tisch Professor of History at Harvard University and William Ziegler Professor of Business Administration at Harvard Business School. He is also a Senior Research Fellow at Jesus College, Oxford University, and a Senior Fellow at the Hoover Institution, Stanford University. Born in Glasgow in 1964, Niall Ferguson graduated from Magdalen College with First Class Honors in 1985. After two years as a Hanseatic Scholar in Hamburg and Berlin, he took up a research fellowship at Christ’s College, Cambridge, in 1989, subsequently returning to Oxford where he was appointed professor of Political and Financial History in 2000. Two years later he left for the US where he took up the Herzog Chair in Financial History at the Stern Business School, New York University, before moving to Harvard in 2004. Niall Ferguson is a regular contributor to press, television, and radio on both sides of the Atlantic and a prolific commentator on contemporary politics and economics.
Peer-to-Peer networks, such as the collaboration of thousands of free producers, have recently emerged as one of the most innovative forces in the traditional business world and in the political world. These free producers, or peer producers as they are also called, work together, unpaid, outside of normal work and business structures to create new designs, learning content, reports, encyclopedias, evaluate patents, and much more. This new type of social production or self-determination, driven by crowd intelligence, is capturing the motivation and untapped skills of vast numbers of participants. These "organizations", which are governed by principles of autonomy and self- regulation, have sometimes been able to surpass their business competitors in developing software and writing news and the like. Using these new organizational designs, political P2P-entities have also entered the political arena by mobilizing civil society and contributing to issue-solving processes. Recent examples of this include the Global Occupy Movement and the Pirate Party in Germany. The success of these new organizational forms has attracted the attention of classic structured companies as well as political entrepreneurs who are all trying to take advantage of this new collaboration by establishing platforms to integrate P2P-power into traditional structures and management. This relationship is not easy nor is it self-enforcing. It requires a new understanding of management and leadership, innovation, production, marketing and communications. This raises a number of questions, such as, who is going to change whom? How should businesses engage with and utilize these organizations? What are the risks in moving from such structured hierarchies to platforms? What are the potential rewards for businesses that successfully collaborate? And finally, how will our career paths be affected and changed?
At this ESMT Open Lecture, Columbia Business School professor Bruce Kogut took a closer look at what inequality really is. Within the frame of the financial and debt crises of the recent past, he discussed inequality in general and the facts and ethics of executive pay. He approached some of the most puzzling questions. Do executives get paid through a 'market for talent' just like football stars get paid? Why did executive pay in the US, and in many countries including Germany, increase so rapidly in the past two decades? If the argument is that executives are compensated for the risk they bear, did they take on too much risk prior to the financial crisis? Do the ones least able and responsible have to bear the greatest burden? Is this fair? What should be done and what is being done? Should we tax salaries higher? Put limits on them? Improve governance? Let the market decide?
At the ESMT Open Lecture “Why Nations Fail” with James A. Robinson on March 11, 2013, the Harvard professor and co-author of the book of the same name presented the importance economic and political inclusiveness for the success of a nation. More than 300 guests attended the lecture, moderated by Quentin Peel, Financial Times chief correspondent in Germany. Those attending had the chance to ask questions at the lecture and to chat with Prof. Robinson at a reception that rounded up the event.
At this ESMT Open Lecture, experienced banker and member of the Deutsche Bundesbank executive board Andreas Dombret will take a closer look at the ongoing European sovereign debt crisis. How does it really look for Europe four years into the crisis? What does the future hold for the Euro and the countries making up the financial union? What steps must be taken to overcome the crisis? In other words, where do we go from here?
Best-selling author Jeremy Rifkin held the first ESMT Open Lecture of this year on Friday, February 12. To an audience of over 150 guests, he presented his vision of a new era, in which the desires, interests, and standpoints of others will be respected. The event was moderated by Quentin Peel, Financial Times.