2012年6月3日日曜日

4-2 How strong is China's economy



Schumpeter:
The latest crop of bosses will have short and troubled tenures


Why I picked up this article:
Our CEO has changed in April to Nobuyuki Hirano, who has long experiences in Brussels and New York. Although our company made the largest profit among Japanese companies in fiscal 2011, what he confront are like storms as the article mentions. I would like to know what our new CEO thinks for this time as a head of a global public company.

Discussion:

What is to be expected from new bosses (or your boss)?
What do you think the current situation of CEOS? 
Do you want to become CEO?



Summary

1.        Last year 350 of 2,500 biggest companies appointed a new head honcho(班長).
The percentage of new CEOS: 14.2% in 2011 <= 11.6% in 2010
Outsiders: 22% of the class of 2011 <= 14% in 2007

These appointments intend to cope with the growing world economy (which means spring in the air) and A sharp reversal of a decade-long trend towards recruiting insiders to make convergence of different industries. But The omens (sign) do not look good. The euro crisis, America’s shaky recovery and the BRICS slowdown threat the growth of the economy. And as the research suggests, insiders do much better because they have a feel for how the firm actually works.

2.        CEOS faces difficult circumstances.
 New CEOS with chairmanship: 14% <= 45% in a decade earlier
Outgoing CEOS to become chairman: 37% in North America, 63% in Japan
The professional life expectancy of CEOS: 6.4 years <= 8.1 in a decade ago

The new bosses will receive intense scrutiny (inspection) by the board and former boss. The new CEOs will also have less room for mistakes than their predecessors. Boards are showing more apatite for risks and less tolerate of failure.

3.        What can CEOS do to succeed?
 Rearrange their senior teams quickly and remove troublemakers.
Take a while to make strategic decisions.

4.        How to cope with isolation and pressure.
Listen to the right people = “sparring partner”(CFO and HRD)
Have a supportive family


Other discussions:

[Leaders] 
1. Do you think China's economy will grow steadily?
2. What kind of opportunities and risks does your company or ministry have in China?
(from Iino)

[British] [Electricity market reform] 
1.Do you think british new policy would succeed? 
(Consider energy price in deregulated market, details of the bills and awareness of the people)
(from Shimada)

[International] [The NATO summit] 
1. How to establish security in Afghan after NATO's retreat? What will be big problems?
2. Should NATO-led armies stay in Afghan longer than it is planned
3. What is Japan asked to do and can do for the security in the region?
(from Yamagata)

[Business] [Cars in Indonesia] 
1. What types of policies should Indonesian government take?
(from Kishimoto)


This week we have two new comers. One was invited by one of our members and the other found our group by searching google. We gathered at Starbucks cafe in Kanda. It was new for our group to use the cafe. There was one large desk that is suitable for our discussion but it was used by others and difficult to get seats and background music was a little bit loud and the space was noisy so it is better to use saint-marc cafe because it is always unpopular. We discussed 5 topics by 10 people. We had various topics from business, china's economy, electricity market in Britain to world security related to Afghan and cars in Indonesia. How to make a comment on each topics is difficult and challenging but it will train your communication skill.






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