ESMT Annual Forum 2014

ESMT Annual Forum

Corporation 2050: Building to last, leading to adapt

July 3, 2014, Berlin

The ESMT Annual Forum 2014 titled Corporation 2050: Building to last, leading to adapt delved into the major themes of future business, work force and leadership. Participants examined and debated whether business, technology, and leadership are on the right track on their way to the middle of our century. Leading CEOs, renowned European policymakers, and futurists discussed currently accepted concepts and encouraged participants to define the necessary changes if they want to sustain their company’s success. With the help of large-scale scenarios and interactive break-out sessions the ESMT Annual Forum placed special emphasis on issues equally important to HR executives and others.

Furthermore, the ESMT Responsible Leadership Award honored an outstanding member of the global business community: Herman Van Rompuy, president of the European Council.

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ESMT Responsible Leadership Award 2014

ESMT Responsible Leadership Award 2014

“Pas à pas, on va loin”: Building a shared sense of direction for Europe

Herman Van Rompuy, President of the European Council, addressed participants after receiving the ESMT Responsible Leadership Award 2014.

Responsible Leadership Award

European Council President Herman Van Rompuy opened his acceptance speech by reflecting on his childhood in a Flemish family in the suburbs of Brussels. As a schoolboy, he recalled taking his first French lessons from two textbooks with the titles “Pas à Pas” (“Step by step”) and “On va loin” (“We will go far”). The titles of these books, said President Van Rompuy, have had a lasting impact on his thinking for an inspired perspective on the EU of the future.

Van Rompuy said that Europe must collectively answer a critical set of questions as the 28 member states move toward 2050. “How are we going to earn our money 30 years from now? What skills will be needed? Where will we sell and source? What should we invent and put on offer? What kind of world will we live in?” These are important questions for companies of all sizes, he said. They are also crucial questions for societies at large and Europe’s individual countries.

The president called for long-term investment decisions on an energy infrastructure and a firm set of climate objectives for 2050. To maintain the welfare systems of aging populations, he said, Europe must also decide now on how to sustain them. Finally, to combat a shrinking workforce, Europe must discuss migration and how to step up Europe’s game in the global race for talent.

Van Rompuy shared three insights from experience and practice to guide Europe as it evolves toward a successful future:

  • Trust is the indispensable ingredient for any negotiation. It is not a given; it has to be created.
  • Compass, said Van Rompuy, is the most important objective that leadership can achieve. A compass gives people a sense of direction and hope.
  • Time is a critical element in achieving goals and the essence of political leadership. Quoting United States President John F. Kennedy, he said we must “use time as a tool, not as a couch.”

Van Rompuy concluded his address by acknowledging that the worst economic crisis in a generation has created a broad loss of trust in government. He said that a sound leadership approach will help Europe create trust, overcome differences, and bridge EU countries’ different time perspectives with a shared sense of direction.

Celebrating a leader for Europe

Ambassador Wolfgang Ischinger, Global Head of Public Policy and Economic Research, Allianz, and Chairman of the Munich Security Conference, delivered the laudatory speech for European Council President Herman Van Rompuy.

Ambassador Wolfgang Ischinger

Ischinger opened his laudatory speech by recalling Van Rompuy’s Nobel Peace Prize acceptance speech in 2012. Borrowing the words of US President Abraham Lincoln’s Gettysburg Address during the American Civil War, Van Rompuy asked his audience if “that Union, or any Union so conceived and so dedicated, can long endure.”

Van Rompuy spoke these words at the height of the Euro crisis. At stake was nothing less than the European Union itself. As a leader whose substance outmatches appearance, Ischinger said that Van Rompuy has taken these challenges head on and has helped persuade Europe’s egos with great modesty. Thanks to his strong vision and leadership, for example, Van Rompuy has carved out a new role for the newly created European Council presidency and has helped restore stability. He has also worked tirelessly at the national and local levels to achieve the necessary balance of power. Country by country, he has encouraged citizens to see the Euro as an opportunity rather than as a limitation. Finally, he continues to demonstrate responsible leadership to strengthen the Euro and to support Europeans in embracing change. After rising from the ashes of 1945 and reuniting in 1989, Europe is now developing a renewed capacity to reinvent itself once again.

Program 2014

Program 2014

Corporation 2050: Building to last, leading to adapt

July 3, 2014

9:00 – 10:00 a.m.                   Registration and networking breakfast
10:00 – 11:15 a.m.

Opening remarks and keynotes
Keynotes will set the stage on future scenarios related to business and the workforce, expectations with respect
to transformative processes, and the role that sustainability and technology will play in this context.

Opening remarks

  • Prof. Jörg Rocholl, PhD
    President and EY Chair in Governance and Compliance, ESMT
  • Michael Diekmann
    Chairman of the Board of Management, Allianz

Keynotes

  • Dr. Kurt Bock
    Chairman of the Board of Executive Directors, BASF
     
  • Peter Bakker
    President, World Business Council for Sustainable Development (WBCSD)
11:45 – 1:00 p.m.

Panel discussion “Business trends and technology”
The high-level panel discussion will bring together global thinkers to examine business innovation and
exchange insights in these areas.

  • Peter Bakker
    President, World Business Council for Sustainable Development (WBCSD)
  • Dr. Theo Freye
    Spokesman of the Executive Board, CLAAS
     
  • Jayant Kohale
    Area Vice President and Country Manager (Germany), Larsen and Toubro
     
  • Frank Riemensperger
    Geographic Senior Managing Director for Germany, Switzerland and Austria, Accenture
     
  • Prof. Jörg Rocholl, PhD
    President and EY Chair in Governance and Compliance, ESMT

Introduction: Prof. CB Bhattacharya, PhD
Moderator: Gerrit Wiesmann, Journalist

1:00 – 2:00 p.m.Networking lunch with special thanks to GAZPROM Germania
2:00 – 3:30 p.m.

Concurrent interactive sessions
The interactive sessions offer a marketplace inspiring inputs and give participants the chance to
explore ideas about business, leadership, and technology. Participants will also have the chance to
develop and share hypotheses about trends and possible responses at the individual and
organizational levels.

Each session, which lasts about 30 minutes, will run three times in a row, enabling each participant to
engage in three different topics. Participants will have the opportunity to share their insights on Twitter
and on pinboards. They are invited to choose their three favorite topics and to actively participate in the
discussions.

  • Energy and transport in 2050 – Will we overcome the nexus between energy consumption and
    economic growth?

    Dr. Jens Weinmann
     
  • Future of banks? Will we still need banks in 2050?
    Prof. Guillermo Baquero, PhD
     
  • Markets for Technology – Is the patent system broken?
    Prof. Dr. Stefan Wagner
     
  • The future 50 years ago
    Katja Leppler and Veronika Naumann
     
  • The manager of the future
    Dr. Kirsten Fischer
     
  • The quest for happiness
    Shirish Pandit
     
  • The skills for the future – A look at the skills individuals may employ by 2050
    Dr. Franziska Frank
     
  • Wall Street in 2050
    Prof. CB Bhattacharya, PhD
     
  • What elite athletes can teach managers about innovation and strategy
    Prof. Joe Peppard, PhD
4:00 – 5:15 p.m.

Panel discussion “Leading into the future”
During the afternoon panel discussion, international opinion leaders and European board members will debate
“Leading into the future.” Will today’s leadership practices serve well to take companies into a desirable future?
Do we need to rethink how leaders are selected and prepared for future challenges? What will organizational
leaders of the future be like? Which roles can – and must – business education play in preparing for the future?

  • Jürgen Fitschen
    Co-Chief Executive Officer, Deutsche Bank
     
  • Prof. Konstantin Korotov, PhD
    Associate Professor & Director of the Center for Leadership Development Research (CLDR), ESMT
     
  • David B. Peterson, PhD
    Director, Coaching & Leadership, Google
     
  • Dr. Johannes Teyssen
    Chairman and Chief Executive Officer, E.ON

Moderator: Ali Aslan, Television host and journalist

5:30 – 6:15 p.m.

ESMT Responsible Leadership Award

ESMT will award this year's ESMT Responsible Leadership Award to the President of the European Council, Herman Van Rompuy.

Wolfgang Ischinger, Global Head of Government Relations at Allianz and Chairman of the Munich Security Conference will hold the laudatory speech.

The ESMT Responsible Leadership Award is bestowed annually and honors a person demonstrating extraordinary leadership in promoting responsible business practices. Recent recipients have been N. R. Narayana Murthy (2010), Güler Sabancı (2011), Mario Monti (2012), and Mario Draghi (2013).

6:15 – 7:00 p.m.Evening reception with special thanks to INFOSYS

 

Speakers 2014

Speakers 2014

  
Ali Aslan

Link
Ali Aslan
Television host and journalist
  
Peter Bakker

Link
Peter Bakker
President, World Business Council for Sustainable Development (WBCSD)
  
Prof. Guillermo Baquero
Link
Prof. Guillermo Baquero, PhD
Associate Professor at ESMT
  
Prof. CB Bhattacharya

Link
Prof. CB Bhattacharya, PhD
E.ON Chair in Corporate Responsibility, and Dean of International Relations,
ESMT
  
Dr. Kurt Bock, Chairman of the Board of Executive Directors, BASF SE
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Dr. Kurt Bock
Chairman of the Board of Executive Directors, BASF
  
Michael Diekmann

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Michael Diekmann
Chairman of the Board of Management, Allianz;
Chairman of the ESMT Foundation Board of Trustees

 

  
Dr. Kirsten Fischer
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Dr. Kirsten Fischer
Head of Open Program Counseling, Head of Business Development DACH,
ESMT
  
Jürgen Fitschen
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Jürgen Fitschen
Co-Chief Executive Officer, Deutsche Bank
  
Dr. Franziska Frank
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Dr. Franziska Frank
Head of Business Development Russia and Eastern Europe and Head of the Practice Group Professional Services Firms and Insurance, ESMT Customized Solutions
  
Dr. Theo Freye
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Dr. Theo Freye
Spokesman of the Executive Board, CLAAS
  
Ambassador Wolfgang Ischinger
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Ambassador Wolfgang Ischinger
Global Head of Public Policy and Economic Research, Allianz
Chairman of the Munich Security Conference (MSC)
  
Jayant Kohale
Link
Jayant Kohale
Area Vice President and Country Manager (Germany), Larsen and Toubro
  
Prof. Konstantin Korotov, PhD

Link
Prof. Konstantin Korotov, PhD
Associate Professor & Director of the Center for Leadership Development Research (CLDR), ESMT
  
Katja Leppler
Link
Katja Leppler
Program Manager, ESMT
  
Veronika Naumann
Link
Veronika Naumann
Head of Corporate Program Development, ESMT
  
Shirish Pandit
Link
Shirish Pandit
Program Director, ESMT Customized Solutions
  
Prof. Joe Peppard
Link
Prof. Joe Peppard, PhD
Professor at ESMT
  
David B. Peterson, PhD

Link
David B. Peterson, PhD
Director, Coaching & Leadership, Google
  
Frank Riemensperger

Link
Frank Riemensperger
Geographic Senior Managing Director for Germany, Switzerland and Austria, Accenture
  
Prof. Jörg Rocholl, PhD

Link
Prof. Jörg Rocholl, PhD
President and EY Chair in Governance and Compliance, ESMT
  
Dr. Johannes Teyssen

Link
Dr. Johannes Teyssen
Chairman and Chief Executive Officer, E.ON
  
Herman Van Rompuy, President of the European Council
Link
Herman Van Rompuy
President of the European Council
  
Prof. Stefan Wagner
Link
Prof. Dr. Stefan Wagner
Associate Professor and TUSIAD/TCCI Chair in European Economic Integration at ESMT
  
Jens Weinmann
Link
Jens Weinmann
Program Director, ESMT Customized Solutions
  
Gerrit Wiesmann
Link
Gerrit Wiesmann
Journalist
  

 

Concurrent interactive sessions

Concurrent interactive sessions

The interactive sessions offered a marketplace inspiring inputs from ESMT and gave participants the chance to explore ideas about business, leadership, and technology. Participants also had the chance to develop and share hypotheses about trends and possible responses at the individual and organizational levels.


Energy and transport in 2050 – Will we overcome the nexus between energy consumption and economic growth?

Dr. Jens Weinmann
If the majority of the world’s developing countries continue to strive for our standard of living, we urgently have to find ways to break the nexus between energy consumption and economic growth. Fortunately, in both energy and transport, promising solutions are closer than many of us imagine.

Link
Download presentation

Future of banks? Will we still need banks in 2050?

Prof. Guillermo Baquero, PhD
We observe an ongoing trend of financial disintermediation in Europe. Players such as Google, Amazon and ebay become competitors of retail banks with access to information about millions of customers. They have not been hit by the crisis such as the banking industry and are less regulated which possibly provides them a competitive advantage. New financial start-ups are under way to revolutionalise the financial services industry providing new ways for households to invest, obtain loans and escape low interest rates in regular banking products. What does this mean for the banking industry? Can banks adapt to these challenges?


Markets for Technology – Is the patent system broken?

Prof. Dr. Stefan Wagner
The drive for innovation is an important input when it comes to achieving competitive advantage, but does the rising cost of litigation and changing risk/reward analysis of obtaining patents deter innovation? Initially created to encourage innovation and technological progress, many observers claim that today patents regularly hinder firms’ innovative activities. This session discusses current hot topics with regard to the regulation of the market for technologies.

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The future 50 years ago

Veronika Naumann and Katja Leppler
To discuss the validity of future visions, we will interpret the message of Walter Womacka's glass mosaic from 1964 – a piece of art at ESMT. It illustrates the social hardships of the turbulent past before the German Democratic Republic was founded. A patchwork of pictures depicts different scenes of Germany’s transition from the labor movement to the founding of the GDR toward a brighter future – a dream to be reached one day.

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The manager of the future

Dr. Kirsten Fischer
We are standing at a turning point that leads to a dramatically different world created by technology. Progress has already provided many gadgets that influence today’s organizations. With the much-cited second machine age ahead, work as we know it today is likely to change. Consequently, a different set of skills and competencies will be required of managers. In this session we will attempt to develop scenarios of future management development.

Link
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The quest for happiness

Shirish Pandit
This session argues that happiness is the ultimate goal towards which we all aspire, even if the means to achieving it be different. With that goal in mind, how can we measure happiness – at the individual, corporate, and national levels? Further, what measures can individuals, corporations and governments take to enhance the happiness factor?

Link
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The skills for the future: A look at the skills individuals may employ by 2050

Dr. Franziska Frank
Will information overload and continuous pressure to change necessarily mean more stressed individuals by 2050? A mixture of trends point in a different direction: machine-brain interfaces, mindfulness, and the plasticity of the brain, underpinning the first two trends. We will look at what research has to offer, as well as discover where practical applications already exist in business or are approaching fast.

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Wall Street in 2050

Prof. CB Bhattacharya, PhD
What will it look like? Who will work there? What information will analysts use to make buying and selling decisions of company stocks? How will the relevant information be made available to analysts?

Link
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What elite athletes can teach managers about innovation and strategy

Prof. Joe Peppard, PhD
The story of elite performance in Track and Field is a story of strategy and innovation. It is also a story of motivation, teamwork, and focus. In this session, we will explore innovation in training methods, equipment, and technique. While all elite athletes have a strong will to win, we will also consider how establishing stretch goals drives peak performance.

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