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Markaz recently sponsored a lecture titled “Strategic Priorities: Post-Crisis World” presented by Dr. Karel Cool, BP Chaired Professor of European Competitiveness, INSEAD, and organized by The Global Centre for Administrative and Leadership Development in cooperation with Kuwait INSEAD Alumni Association.
Dr. Cool commenced his lecture with an update on the financial crisis, and its impact on different industries and regions. In his view, the main problem behind the crisis is the massive debt, which continues to adversely impact private and public demand. Also, the geo-strategic shift in industry leadership, for example the shifts toward China and India that we are currently witnessing, is structural and is causing currency tensions. As a result, he anticipates a new round of industry restructuring.
His main message is that the disruptions in demand caused by the crisis is an opportunity for well poised companies to seize market share. He backed up his message with examples from various industries which he had researched, more importantly, he offered an effective and practical framework that companies can use to evaluate clients behavior, assess their industries, and develop effective strategies to capture market share by leveraging customer turnover.
The lecture was attended by Insead Alumni, as well as a large number of executives from institutions representing a wide range of public and private sectors.
Mr. Ali H. Khalil, Chief Operating Officer at “Markaz” said in his welcoming speech “On behalf of Markaz, I would like to welcome Dr. Karel Cool. We are happy to sponsor this lecture, and will strive to hold further events in Kuwait to exchange different points of views, and to enhance the transfer of knowledge and experience.”
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Photo caption: Dr. Karel Cool during the lecture.
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About The Global Centre for Administrative and Leadership Development
The Global Center is a professional training institution which offers custom-designed Executive Education programs in Kuwait. The Global Center has forged partnerships locally with most leading businesses/organizations and globally with faculty of many Ivy League business schools. The Global Center has delivered (since spring 2007) 60 executive education programs/seminars in the areas of management, leadership, strategy, human resource management, as well as industry focus, in collaboration with the experts and market practitioners from leading business schools.
About Insead
Insead is an international graduate business school and research institution. It offers MBA, and PhD degrees, as well as an elaborate executive training programs. It has campuses in France, Singapore, and the Abu Dhabi. Insead is ranked among the top business schools in the world.
About Kuwait Financial Centre “Markaz”
Kuwait Financial Centre S.A.K. 'Markaz', with total assets under management of over KD1,03 billion (USD 3,64 billion) as of September 30, 2010, was established in 1974 has become one of the leading asset management and investment banking institutions in the Arabian Gulf Region. Markaz was listed on the Kuwait Stock Exchange (KSE) in 1997.