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Warwick Business School Alumni Association magazine: spring 2011
First in the UK
Our BSc Accounting & Finance is rated
number one in all three major UK university
guides. Now we’re launching our pathbreaking
MSc Accounting & Finance.
Don’t settle for mediocrity.
Strive for excellence.
Professor Mark P Taylor
Dean, WBS
Ex Managing Director, BlackRock


First in the world
I came first in the world in two of my
professional chartered accounting exams
thanks to my previous studies with WBS.
Hannah Monkman
BSc Accounting & Finance 2009
KPMG
ICAEW Order of Merit 2010




   WBS – we mean business
    wbs.ac.uk/go/afmasters
3

 message from the dean                                                                                                               3


   In the previous edition,                                            • Kevin Morley, eminent business leader and a WBS
   I laid out the new                                                    honorary professor explores innovation and its potential
   and ambitious vision                                                  positive impact on UK manufacturing on page 14.
   for Warwick Business                                                • Our groundbreaking new Behavioural Science group
   School: to be the                                                     provides, on page 15, what I hope will be the first of
   leading university-                                                   many briefing articles on how innovative and challenging
   based business school                                                 research into human behaviour could unlock the secret to
   in Europe. I am                                                       business and economic success.
   pleased to report that
   work continues apace                                                Teaching and Learning
   to make this goal a                                                 We continue to explore new ways to deliver business
   reality. The WBS Senior                                             education to respond to the needs of our students, as well
   Management Team                                                     as to the emerging needs of employers, the economy and
   and I held a strategy                                               society.
   away day on 29 November to flesh out the key initiatives
   which will underpin the vision and allow us to challenge            Grier Palmer, WBS Academic Director for Teaching and
   our competitors, to further establish WBS as an innovative,         Learning, discusses another initiative, the Working Capital
   research-led, teaching-excellent school, and to continue to         project, drawing on the expertise of academic colleagues
   provide career-defining business education to future leaders        across the University as well as our alumni working in
   and managers. By working with our University colleagues,            the creative, arts and media sectors to create innovative
   advisory boards, key volunteers, alumni and associates, I am        teaching and learning (see pages 10–11).
   sure we will succeed. We will keep you informed of progress.
                                                                       You can find out more about all of the new research and
   This edition of nexus focuses on innovation and creativity –        activities happening at Warwick via the Knowledge Centre
   values which WBS has always had at its heart.                       w go.warwick.ac.uk/knowledge, where you can also add
                                                                       your own contribution.
   Innovation and business
   • We highlight on page 13 a number of WBS initiatives
     around the role of innovation and creativity in building
     resilient organisations, which are more crucial now than
     ever in the current adverse climate.



contents
In this edition of nexus we focus on Creativity and Innovation

  6–7     New logo, new vision, new WBS
  8–9     WBS research news and reviews
10–11     Creativity at WBS
          Grier Palmer
   12     Innovation capabilities in the emerging economies: toward
          a research agenda
          Professor Qing Wang
   13     Innovation & the UK manufacturing industry
          Kevin Morley
   14     The mind is flat: the illusion of depth in human behaviour        6                                       22
          Professor Nick Chater
   15     The role of innovation & creativity in building resilient    22                                      26
          organisations
          Dr Bridgette Sullivan-Taylor and Dr Layla Branicki
   16     Take control of your personal brand
          Lesley Everett
   17     Introducing the Knowledge Centre
18–19     Alumni supporting the WBS experience
   20     Giving back, getting involved
   21     Global impact
22–25     Global & professional networks and event reviews
26–27     Alumni news and appointments
                                                                                27                 17
44 nexus: spring 2011

 from the Alumni Relations Office

2011 lies before us, and
with it come challenges and
                                                         Most of us are being
opportunities for all of us.                          asked to do more with
                                                      less. Being creative and
Businesses, whether for-profit
                                                      looking for new ways
or non-profit, are facing change
like never before. There are                          of working may well be
numerous driving forces behind                        the key. Here at Warwick
this change including a rapidly                       Business School, we
expanding and shifting global
                                                      are ‘looking at things
market, increasing competition
in all arenas, new technologies                       differently’.
and a huge pressure on added-
value and cost-efficiency.                            groups of individuals coming together
                                                      to make things happen. The power of a
Creativity and innovation are often key               group lies in its diversity.
to the success of any type of business,
particularly in times of pressure and                 Our WBS Alumni Network is true
change, and I hope that you will find this            testament to the power of creative
edition of nexus insightful and useful, as            groups. Never before has our network
you consider how to navigate yourself                 been stronger and more diverse. We
and your organisation through this crucial            now have networks in China, India, the
year.                                                 Middle East, Europe, North America and
                                                      South-East Asia, groups who work on
Most of us are being asked to do more                 mentoring, on the sustainable world,                   Our message to you is clear... We need
with less. Being creative and looking for             on strategy and on global energy, and                  your help... to strengthen our network
new ways of working may well be the key.              student and cohort representatives across              further and to take forward our vision.
Here at Warwick Business School, we are               the network. Our recent innovation,                    Do get in touch.
‘looking at things differently’.                      ‘Joining the Conversation’, is a great
                                                      example of where our alumni are taking                 Alison Bond
Creativity is not only about individuals              the lead to engage with the School and                 Head of Alumni Relations
doing innovative things. It is about                  each other.



thank you to previous
board members

From left: David Allan, Navdeep Athwal,
Manny Coulon, Issam Hamid, Richard
Hughes, Rob McCulloch, Ronan Morrissey


 contact details           Alison Bond                    Tracy Lynch                   Claire Stevens               In–house photography by
                           Head of Alumni Relations       Alumni Relations Officer      Alumni Relations Assistant   John Weatherly
 The Alumni Association    T +44 (0)24 7652 4176          T +44 (0)24 7652 8487         T +44 (0)24 7652 8487
 Warwick Business School   E alison.bond@wbs.ac.uk        E tracy.lynch@wbs.ac.uk       E claire.stevens@wbs.ac.uk   nexus is the magazine of the Alumni
 University of Warwick                                                                                               Association, Warwick Business School
 Coventry CV4 7AL          Kathryn Chedgzoy               Jen Young                     Renate Mason                 T +44 (0)24 7652 4306
 United Kingdom            Alumni Relations Officer       Alumni Relations Events and   Alumni Relations Assistant
 t +44 (0)24 7652 2813     T +44 (0)24 7615 0515          Office Co-ordinator           T +44 (0)24 7615 0371        The views contained in nexus are those of
 f +44 (0)24 7652 3719     E kathryn.chedgzoy@wbs.ac.uk   T +44 (0) 24 7615 0171        E renate.mason@wbs.ac.uk     contributors and not necessarily those of
 E alumni@wbs.ac.uk                                       E jennifer.young@wbs.ac.uk                                 Warwick Business School or the University
 W www.wbs.ac.uk/alumni    Ann Jackson                                                  Emily Jamieson               of Warwick
                           Alumni Relations Officer                                     Alumni Relations Assistant   Design by Morse–Brown Design
                           T +44 (0)24 7652 8197                                        T +44 (0)24 7652 2987        w www.morsebrowndesign.co.uk
                           E ann.jackson@wbs.ac.uk                                      E emily.jamieson@wbs.ac.uk
55

 alumni board

                                              world class business leaders, and            year here with us. Finally, Matt Stocker’s
                                              producing an ever-increasing return on       group will continue to look at how we can
                                              investment for our alumni and students.      improve the way we communicate with
                                                                                           our students and alumni, building on the
                                              In support of these changes, your Alumni     recent improvements to our web site and
                                              Board is working with the new leadership     introducing further enhancements across
                                              team and the Alumni Relations team to        many other channels.
                                              support both revisions to the governance
                                              structure of WBS and the development of      In closing this column, I am drawn
                                              our strategic plan.                          to reflect on the recent changes to
                                                                                           the Alumni Board membership. Rob
                                              Operationally, we have four key              McCulloch, Manny Coulon, David Allan,
Over the last nine months since the           workstreams in development for 2011.         Richard Hughes and Issam Hamid have
appointment of Professor Mark Taylor          Supportive of the rebranding of WBS,         made an immense contribution to the
as Dean of WBS, there has been an             Hilary Robertson is leading a team           work of your Board over the last six years
enormous amount of change within              focussed on the Alumni Association’s         and their enthusiasm and commitment
WBS – which continues unabated. Most          brand. Alison Watts has a team looking       will be sorely missed. With their parting
visibly of course, is the recent rebranding   at how our alumni can be better served       comes the opportunity to welcome
of WBS with the associated ‘we look at        across the full range of continuous          Rowena Hilton, Bernie Ritchie, Paul
things differently‘ strap-line, emphasising   learning opportunities, and Julia            Cruise, and Francis Davis who bring fresh
the innovative nature of our offering         Evans continues to develop the work          perspectives from local and national
and underpinning the Dean’s vision of         of improving the interaction with our        government, industry, and commerce;
becoming Europe’s leading university-         recent graduates and current students.       I look forward to working with them as
based business school.                        An example of the work of this group         we meet the challenges of delivering our
                                              is the recent launch of our ‘buddying’       2011 commitments.
Our new strategy emphasises the need to       programme for the Warwick MBA by
enhance our research reputation, further      full-time study, which will enhance the      Nick Jessett (EMBA 1985–89)
develop our reputation for developing         relationship with this group during their    Chair of the WBS Alumni Board

new board members
 alumni members:                                                                          student members:
                 Paul Cruise                                  Rowena Hilton                                Will Skillman
                  (MMBA 2003–09)                               (MMBA 2005–09)                              Current FTMBA student.
                  Head of Manufacturing                        Deputy Chief Executive,                     I am very excited to
                  Improvement – Rolls                          Chesterfield Borough                        join the Alumni Board.
                  Royce.                                       Council.                                    I believe that it is
                  I really enjoyed my MBA                      I am passionate about                       important for a top
 study at Warwick and I am passionate         lifelong learning, and am looking            business school like Warwick to have
 about the development of the global          forward to working with the Board as         an active Alumni network. As a current
 alumni network. I want to maximise the       it continues to develop enhanced links       participant on the full-time Warwick
 level of participation in the world-wide     between WBS, businesses and the public       MBA I am looking forward to engaging
 network and ensure that the Warwick          sector.                                      both current and past students in
 experience goes well beyond the initial                                                   building the WBS brand.
 qualification.                                               Francis Davis
                                                               (MPA 2009–10)
                 Bernie Ritchie                                Policy Advisor, The                         Abed Abu-Snaineh
                 (FTMBA 1997–99)                               Big Society and                              Current MPA student.
                 Brand, Marketing &                            Decentralisation.                            It is my honour to be
                 Business Consultant,                          I’m especially keen to                       elected onto the WBS
                 Management Sushi Ltd.        find fresh ways to support alumni from                        Alumni Board. I wish
                 My MBA and links with        the MPA, all the MBAs and the other                           to make an impact and
 WBS ever since have proved of immense        programmes who have come from the            positively contribute to such a great
 value in my communications career.           voluntary sector or who have gone on         community.
 Being part of the Alumni Board and its       to the social enterprise, government and    For more information about the key role
 Communications Group will allow me           NGO sectors across the world. Warwick       of the WBS Alumni Board
 to make a contribution that I hope will      needs to make a difference in every sense   w www.wbs.ac.uk/alumni/
 add value in return.                         of the word.                                   alumniboard.cfm
6

 new logo, new vision, new WBS

                                                                                    In recent months, the Dean has shared
                                                                                    widely his vision for WBS: to be the leading
                                                                                    university-based business school in Europe,
                                                                                    with a clear mission statement:


                                                                                    a      To produce and disseminate world-
                                                                                           class, cutting edge research capable of
                                                                                           shaping the way organisations operate
                                                                                           and businesses are led and managed.



                                                                                    b
                                                                                            To produce world-class, socially
                                                                                            responsible, creative leaders that think
                                                                                            on a global scale, regardless of the size
                                                                                            of their organisation.


                                                                                    c      To provide a return on investment for
                                                                                           our students and alumni over their
                                                                                           entire careers.

                                                                                     One of a number of initiatives underlying this
                                                                                     vision is the creation of the first behavioural
                                                                                     science group in a European business school.
                                                                                     Behavioural science, and its applications in


A
        s global competition for students, faculty, and funding   business, the economy, and finance is emerging as one of the
        increases, the challenges for WBS are to maintain         most exciting intellectual and practical areas in the world’s
        excellence in research and teaching and to build an       leading business schools. See page 15 for more information.
unassailable position in the market.

We’ve recently re-launched ourself with a distinctive new look       Our vision is straightforward.
– you might have noticed! Changing a logo is always risky –
there’s a possibility you might alienate your current customer
                                                                  What underlies everything is academic
base and throw away hard-won brand recognition. But with          excellence with critical and creative
Professor Mark Taylor in place as Dean, with vision, ambition,
and a mandate for change, it was clear that we needed             reflection.
something new, fresh, and bold. We needed to evolve our logo
in order for it to reflect who we are and where we’re going. A    Another element of the new strategy will be strong initiatives in
rebrand provided the opportunity for revitalisation of the way    teaching and learning, which will link to new research agendas
we are seen in the marketplace.

Clean but with an edge. Enquiring yet
certain. Youthful but credible. The straplines,
‘we look at things differently’ and ‘WBS – we
mean business’, convey our ambition and
our refreshed commitment to creativity and
innovation. We are reasserting our ability
to challenge convention – an ability which
has become synonymous with WBS and the
University.

The rebranding and national media
advertising campaign (pictured here and
most notably in The Financial Times, The
Guardian and The Economist) has been very
positively received externally and internally
and is emblematic of the new vision set out
by the Dean.                                                                               WBS – we look at things differently
                                                                                                      wbs.ac.uk/go/different
7



and will push us to be more creative and innovative in the way we teach and therefore
how our students learn. A key project will be the creation of a WBS portfolio of cases,   new appointments
competing with Harvard’s in the use of blended learning, based on WBS research and
Warwick’s critical skills. More information on creativity can be found on pages 10–11.    Dr Holly Birkett – Assistant Professor of
                                                                                          Organisational Behaviour
The new approach will also include building
new stimulating relationships with our creative                                           Professor Andrew Brown – Professor of
colleagues across the University (the Arts             We’re absolutely                   Organisational Behaviour
Faculty, the Arts Centre), and with WBS creative    thrilled the                          Professor Nick Chater – Professor of
alumni – in digital media, art, film, music, and
performance.                                        new logo and                          Behavioural Science and Associate Dean
                                                                                          Corporate Relations

The University is especially enthusiastic about
                                                    the advertising                       Dr John Craner – Senior Teaching Fellow
WBS helping develop educational creativity          campaign have met
and innovation at Warwick, and we will be                                                 Dr Elisabeth Dedman – Associate
increasing our interdisciplinary work via IATL
                                                    with such a positive                  Professor of Accounting
(the new Institute for Advanced Teaching and        response. Customer                    Dr Jimmy Donaghey – Associate Professor
Learning), which offers a special role for both
our new Behavioural Science group and our           reaction is, of                       in Organisational Behaviour

vanguard corporate social responsibility work       course, the ultimate                  Professor Bruno Frey –WBS Distinguished
                                                                                          Professorship in Behavioural Science
led by Dr Andreas Rasche.
                                                    test – we look
For more information see                                                                  Dr Andrea Gamba – Associate Professor
w warwicknetimpact.org
                                                    forward to hearing                    of Finance
                                                    your feedback.                        Dr Louise Gracia – Principal Teaching
In order to realise our vision, we will build                                             Fellow
on our outstanding reputation, striving after
academic excellence in teaching and research        You can contact the Dean in           Professor Andrew Lockett – Professor in
in every aspect of WBS: research led, teaching      confidence at                         Enterprise
excellence. We will also equip alumni to employ     e strategy@wbs.ac.uk
                                                                                          Dr Jenny Maynard – Senior Teaching
a range of skills for life and to become part of
                                                    More information on our new           Fellow
our global network, feeding back issues to us
and continuing to engage with us for ongoing        vision w wbs.ac.uk/go/different
                                                                                          Professor Kamel Mellahi – Professor of
professional development.                                                                 Strategic Management

                                                                                          Professor Jonothan Neelands
                                                                                          Professor of Creative Education

                                                                                          Professor Margit Osterloch – Professor in
                                                                                          Management Science

                                                                                          Professor Martin Parker – Professor of
                                                                                          Industrial Relations and Organisational
                                                                                          Behaviour

                                                                                          Dr Juliane Reinecke – Assistant Professor
                                                                                          of Organisational Behaviour

                                                                                          Dr Graham Sara – Senior Teaching Fellow

                                                                                          Professor Deniz Ucbasaran – Professor in
                                                                                          Entrepreneurship
8 nexus: spring 2011                                                                                             WBS news

raising the profile of WBS                      local feedback for the MPC from stakeholders
                                                in the area.
                                                                                                   efficiency?’ She commented afterwards, ‘I
                                                                                                   wanted to challenge the audience not just
                                                                                                   to think about cost reduction, but more
                                                In mid-November, Professor Simon Collinson         on waste reduction focusing on delivering
                                                was one of just two speakers invited to advise     value and quality rather than cutting corners
                                                MPs at a working breakfast at the House            and reducing service. There is no greater
                                                of Commons, hosted by the Industry and             opportunity than a crisis, and the current
                                                Parliament Trust (IPT) on the Future of            economic climate is certainly that for the
                                                Government Support for British Industry.           public sector organisations in the UK.’
                                                Simon’s talk focused on the changing nature
                                                of trade and foreign direct investment (FDI)       On the ever-popular topic of football, Dr Sue
    Sue Bridgewater        Simon Collinson
                                                into and out of the UK. Discussions around         Bridgewater has been commissioned to write
In 2010, our faculty have been involved in      the appropriate Government response                a monthly update in The Times on a football
several high-level events which have taken      to these broad trends followed the two             league with a difference – The Times Financial
place on campus and beyond.                     presentations.                                     Fair Play League. This League attempts to
                                                                                                   take into account the resources available to
Two members of the Bank of England              Dr Zoe Radnor is making a name for herself         football clubs in the English Premier League
Monetary Policy Committee (MPC), WBS            on the application of ‘Lean’ in the public         in achieving their points and league position.
Professor Andrew Sentance and Paul Fisher,      sector. In October, she addressed an audience      Data on clubs’ wages and gross transfers are
spoke to an invited audience of students,       of over 200 delegates from a range of public       used as the basis of the Financial Fair Play
staff, academics and business leaders at WBS    sector organisations and consultancies on          index, which is used to adjust the actual
in October. The meeting was opened by           the topic of Lean in Government at The             league position and points totals of clubs and
the Dean and chaired by Professor Andrew        Barbican Centre, London. She challenged            to show a financially-adjusted league ranking.
Oswald. The aim was to spread the word on       them to address the question ‘Is Lean just
the policies and actions of the MPC and get     for efficiency, can it only ever be just for


new professors at WBS                                                 Kamel Mellahi                internal promotions
                                                                      Kamel joins us
We welcome five new professors below,                                 from Sheffield; his
in addition to Nick Chater, page 15, and                              research focuses
Jonothan Neelands, page 10. In 2011 we will                           on organisational
also welcome: Steve Brammer, Graeme Currie,                           failure and renewal,
and Richard Taffler.                                                  business ethics and
                                                                      sustainability, and
                      Andrew D Brown            international business strategy. He has
                      Andrew has worked         published three books and over 60 papers in
                      at Manchester,            world-class journals.
                                                                                                          Peter Corvi            André Spicer
                      Nottingham,
                      Cambridge, and Bath;                            Martin Parker                As well as excellent external appointments,
                      his research draws                              Martin’s research            two existing members of faculty have been
                      on disciplines from                             explores an eclectic         promoted. For the start of the academic year,
                      literary theory to                              range of topics              Peter Corvi and André Spicer were promoted
anthropology and discursive psychology to                             including social and         to the top academic level of ‘Professor’. Peter
theorise processes of organising and explores                         organisational theory,       is also taking on the role of Associate Dean
topics including organisational narcissism,                           market managerialism         for the WBS Undergraduate Programme.
individual and organisational identities, and                         and higher education,        André has made strong contributions in
storytelling in organisations.                  popular culture, utopianism, conspiracy            teaching as an effective doctoral supervisor, as
                                                theory, the Apollo space programme, business       well as contributing to administrative duties.
                     Andy Lockett               ethics, and alternative organisations. He has
                     Andy joins us from         written or edited 13 books and is working          WBS Dean Mark Taylor commented, ‘I am
                     Nottingham; he has         on a new one about ‘economic outlaws’ –            particularly proud to be the first Dean of WBS
                     written two books and      including pirates, cowboys, and the mafia.         to see through the promotion of a Teaching
                     published in over 60                                                          Fellow – Peter – to the highest level as it
                     articles. His research                            Deniz Ucbasaran             underlines the importance that we attach to
                     relates to new ways                               Deniz joins us from         teaching excellence in fulfilling our mission
                     of creating value                                 Nottingham; her             and achieving our vision as a leading business
(economic, social, cultural) and encompasses                           research explores           school. André has in recent years emerged as
entrepreneurship through new venture                                   entrepreneurial activity,   a leading international scholar in the field
creation; entrepreneurship in established                              looking at identification   of organisational behaviour, with important
organisations; and the resource-based view of                          and exploitation of         contributions to the study of power and
the firm.                                                              opportunities for new       resistance in organisations, in which he has
                                                value creation. It draws on both economic          developed a unique conception of power and
                                                and social psychological theories, for             resistance in organisational life.’
                                                example: cognitive processes including those
                                                relating to expertise, heuristics and biases,
                                                sense-making, emotion and intuition.
WBS news                            nexus: spring 2011                                                                              9


the Chinese connection                           focusing explicitly on the politics of the
                                                 global financial crisis and its links to the
                                                 real economy in OECD economies, as well
Shortly after Mark Taylor officially took
                                                 as questions of representation for emerging
up the reins as WBS Dean, he presented at
                                                 market economies within international
The Warwick Commission on International
                                                 financial reform debates.
Financial Reform, held in China. The
Commission launched in 2009, bringing
                                                 Just three months later, the Dean was again in
together a range of world-class economists,
                                                 China. Together with Professor Qing Wang,
political scientists, and lawyers from both
                                                 Associate Dean (Internationalisation), and
the scholarly and policy worlds, to explore
                                                 Alison Bond, Head of Alumni Relations, he
how international financial reform can move
                                                 visited several higher education institutions
beyond questions of architecture and towards
                                                 with a view to developing collaborations.
how it may be possible to build consensus.
                                                 Two alumni events were held in Shanghai
                                                 and Beijing at the same time.
The Commission is especially concerned
with the political economy of reform,                                                                           The Warwick Commission on
                                                 w www2.warwick.ac.uk/research/
                                                                                                               International Financial Reform
                                                   warwickcommission/about/

       hot off the press
                     Next Generation Talent                          Organisation Culture:                              Implementing Models of
                     Management: Talent                              Getting it Right                                   Financial Derivatives:
                     Management to Survive                           Naomi Stanford PhD                                 Object Oriented
                     Turmoil                                         (Warwick) 1998 published                           Applications with VBA
                     Andrés Hatum PhD                                by Profile Books Ltd.                              Dr Nick Webber published
                     (Warwick) 1998                                  A book full of real                                by John Wiley & Sons.
                     published by Palgrave                           life examples from                                 This book teaches students
                     Macmillan. Andrés                               companies including Ikea,                          and practitioners the
                     considers the ways firms                        McDonald’s, Ford, and                              numerics and design
                     are confronting critical                        Toyota and with a series        of a powerful pricing tool in VBA. It leads
issues such as attraction, development                               of wide-ranging practical       the reader through the basics, from simple
and retention when new generations are           exercises to help managers analyse and make         procedural code to the advanced design of
coming into their companies during a time        their organisation’s culture a powerful driver      systems and object-style applications. It also
of economic turmoil. Andrés is Associate         of success. Naomi is the author of numerous         covers Monte Carlo and lattice methods and
Professor at IAE Business School, specialising   articles and two books on organisation              their implementation. Full implementation
in organisational flexibility and talent         design, including The Economist Guide to            methods and code are provided, making this
management. w tinyurl.com/33w6o9g                Organisation Design. w tinyurl.com/2vo43ja          an invaluable guide for portfolio managers,
                                                                                                     risk managers, and fund managers.
                  The United Nations Global                           The Handbook of Decision       w tinyurl.com/2ufzo7t
                  Compact: Achievements,                              Making co-edited by
                  Trends and Challenges                               Professor David C Wilson                           Global Sourcing of
                  co-edited by Associate                              published by Wiley-                                Information Technology
                  Professor Andreas Rasche.                           Blackwell. This book is a                          and Business Processes
                  Published by Cambridge                              vital reference text for all                       co-edited by Associate
                  University Press. This                              students and professionals                         Professor Julia Kotlarsky
                  book reviews the first                              of management,                                     published by Springer.
                  ten years of the United                             organisation and decision-                         This book contains 14
                  Nations Global Compact’s                            making. It offers a wide                           carefully reviewed and
existence (2000–2010) by presenting              range of theoretical and empirical approaches                           selected papers from the
exclusively commissioned chapters from           to the understanding of organisational and                              4th Workshop on Global
well-known scholars, practitioners from the      strategic decisions. To purchase, please order      Sourcing, held in Zermatt, Switzerland,
business world and civil society, and Global     via Amazon. w tinyurl.com/3xmy4o7                   in March 2010. These have been gleaned
Compact staff. w tinyurl.com/3x7zbj3                                                                 from a vast empirical base brought together
                                                                                                     by leading researchers of outsourcing and
                                                                     Small Business and
                   Corporate Governance:                                                             offshoring and this volume is intended for
                                                                     Entrepreneurship
                   Principles and Issues                                                             use by students, academics and practitioners
                                                                     co-authored by Professor,
                   Donald Nordberg MBA                                                               interested in the outsourcing and offshoring
                                                                     David Storey and
                   (Warwick) 1990 published                                                          of information technology and business
                                                                     Associate Professor
                   by Sage. This book draws                                                          processes. w tinyurl.com/2v6qd5a
                                                                     Francis J Greene
                   on the author’s many                              published by Financial
                   years as a journalist and                         Times/Prentice Hall.
                   his academic research to                          This exciting new book
                   develop a strong narrative    provides the ‘big picture’ on small business
                   to draw both students         and entrepreneurship and explores both the          For more information about WBS faculty,
and practitioners into the story of corporate    prevalence and importance of small and start-       disciplines and publications
governance. w tinyurl.com/3xf7xqg                up businesses. w tinyurl.com/367rzbl                w www.wbs.ac.uk/faculty
10 nexus: spring 2011 creativity and innovation




working capital: creativity, the arts and
performance for innovative teaching and learning
Grier Palmer explains a major new project for WBS
                                                                                                                      Jonothan Neelands
                                                                                                                      Jonothan Neelands joined WBS
Our strategy at WBS is clearly to be          He says, ‘OSL works to open up issues                                   in November 2010 as WBS
world-class. But we don’t have to be like     with creative criticality and illustrates                               Professor of Creative Education.
everyone else to achieve this; therefore      how the Arts can facilitate originality,                                He is also Chair of Drama and
                                                                                                                      Theatre Education at Warwick’s
‘We see things differently’ and we can        higher levels of learning, and stimulate a
                                                                                                                      Institute of Education. In addition
help others to do so too. Our new multi-      person’s deeper development.’                                           to his academic profile, he is an
project programme, Working Capital,                                                                                   experienced drama practitioner
encompasses the approaches of the             ‘My lifetime’s experiences, research, and                               and coach, with ‘acting to learn
Arts, creative people, and the creative       practice have been in theatre, linking                                  and learning to act’ as a key feature
sector, and applies these to the world of     to democracy and education. And this                                    of his workshop leadership, which
business to develop stronger creativity       triangle underpins my interest in the                                   has helped to create a national
                                                                                                                      and international reputation for
and innovation in WBS teaching,               nurturing and stimulus that drama can         creating and delivering high quality pedagogic, professional
learning, and research.                       bring to people’s development.’               and student training, education and development in the
                                                                                            USA, Canada, Australia, Asia as well as the UK.
Jonothan Neelands, our new Professor          Through Working Capital, we will link
of Creative Education, jointly leads this     up the work of individuals at WBS to          Jonothan has a close working and research relationship
project with myself. His work includes a      enable more collaboration and synergy,        with the Royal Shakespeare Company, and has advised
                                                                                            government on the identification and training of
mantra of ‘acting to learn and learning       and we will link up WBS itself with a
                                                                                            exceptionally able and motivated young performers. He
to act’, especially demonstrated in           kaleidoscope of creative communities.         is Research Consultant for the theatre industry’s National
his coaching of both school drama             Since August we have been inviting            Council of Drama Training and a member of the RSC
teachers and ensembles of professional        faculty, staff, students, alumni, and         Education Advisory Group. His research interests include
actors. His commitment also to Open           creative partner organisations to join        Open-space Learning in Real World Contexts – the theory
Space Learning (OSL) has helped our           our new network to aid our new strategic      and practice of drama and theatre education; models of
undergraduates and participants on the        thrust.                                       cultural and creative learning; a pro-social pedagogy of arts
                                                                                            education and artists’ work as reflective practitioners.
Warwick MBA.


 launch event
 In November, we officially launched
 our new initiative in London at a very
 lively event. Some 40 people heard the
 Dean’s vision and passion for the Arts
 to become integral to WBS, and then
 explored the links between creativity,
 innovation, and business through a
 variety of guest speakers.

 The artist’s craft
 Internationally renowned painter             Contrarily, he argued what does not          case studies: the first explored an invention missing
 and sculptor Nasser Azam shared his          transfer is:                                 the market, until the potential consumer prompted
 insights about what, of an artist’s craft,    • the insularity of the artist              small but significant changes in the product’s
 could be transferred to business. An ex-      • aesthetic judgement.                      design and use; the second was a striking story of
 Merchant Banker, Nasser has recently                                                      collaboration, with design process incorporating
 taken over and re-launched the Zahra         Is design the link between creativity &      users plus simple prototyping.
 Modern Art Foundries in London.              innovation?
 w www.assam.com                              From his wide and pioneering                 Together we are stronger
                                              experiences at the Design Council,           Chris Bilton is the Director of Warwick’s Centre for
 His stimulating list of possible transfers   David Kester, as its CEO, proposed           Cultural Studies, and author of Management and
 included:                                    the wider application of design, not         Creativity. Chris interestingly critiqued as myths a
 • observation – the learning and ideas       only in product but also to service          number of conventional ideas about creativity, artists
   that come to the artist from scrutiny      and organisation; not only in business       and executives, referencing Koestler’s ‘bi-association’,
 • striving for the highest achievement       but also in public and not-for-profit        arguing that the two different cultures of Art and
 • commitment – art must succeed              enterprises.                                 Business can spark a bigger idea by coming together,
   because of the cost of expensive                                                        and that an oscillation between idea-generation and
   materials and processes.                   David argued the power of design in two      idea-implementation is the optimum process.
nexus: spring 2011 creativity and innovation                                                        11




                                                                                                       I am convinced that
                                                                                                    engagement with the
                                                                                                    Arts is a way of nurturing
                                                                                                    the creative impulse
                                                                                                    that is within every
                                                                                                    one of our students
                                                                                                    in order to help them
how is all this being applied at                  on and performing dramatised case studies.
                                                                                                    become outstanding
WBS?                                              Jonathan says, ‘OSL is experiential: it’s using
                                                  a kind of play space, in which they have to
                                                                                                    business leaders. It’s
Many of our faculty are exploring how             do it’. Rachel adds ‘We give the students         a different way of
                                                  a toolbox to create, and then explore with
to introduce creativity and innovative
teaching into their students’ learning –          them the language and terminology used in         approaching business
from undergraduate to doctoral level. We          the module. We provide a chance for them to
                                                  try things, to take a creative risk.’             and management
also have a new writing programme being
scoped to aid writing creatively, for academic
                                                  Working across the University
                                                                                                    education.
publication and study.
                                                  We are also designing an innovative series of
Expanding accounting                              interdisciplinary modules for undergraduates      Professor Mark Taylor, Dean, WBS
Louise Gracia, Director of our largest            across the University. These will encompass
undergraduate degree course, BSc in               different subject areas but focus around
Accounting & Finance, explains her                single themes like decision-making with
literature and accountancy project. ‘There        Professor Nick Chater, or creativity. This          the author in                   minute
is a conception of accounting as a bounded,       will give students a variety of perspectives
objective (cognitive), professional regulatory    and learning experiences, and encourage                                             Grier
                                                  more original and richer interpretations of
or reporting practice with well-defined
                                                  material and issues.
                                                                                                                                      Palmer
rules and regulations giving rise to a single
truth – ie ‘the true and fair view’. I have                                                                                            Grier leads the
begun to use creative materials like poetry       New partnerships                                                                     Creativity and
and texts to support students in challenging      We are working with Alan Rivett, Director                                            Innovation
                                                  of Warwick Arts Centre (WAC), to explore                                             initiatives as
existing accounting knowledge and practice.                                                                                            Academic
Through the written and spoken word we            relationship opportunities with this
                                                                                                                                       Director, WBS
are beginning to consider whether we can          extraordinary facility, networked as he
                                                                                                                                       Teaching &
find aspects/views of accounting that are         says with, ‘vibrant... contemporary, often                                           Learning. He is
otherwise obscured.’                              international artists’. WAC’s Chair, Professor                                       the first Warwick
                                                  Susan Bassnett , says it demonstrates,                                               academic to gain
A new type of case study                          ‘a University-wide commitment to the                                                 their Masters in
                                                  importance of creativity to our well-being                                           Higher Education
Stephen Roper and I are leading an                                                                    and, as well as teaching undergraduates and
interdisciplinary project to generate new         and that of contemporary society.’
                                                                                                      supervising masters students and participants on
types of cases for teaching and learning at                                                           the Warwick MBA, he develops PhDs as teachers,
WBS, exploiting the research being done           We will also be working with other partners         trains executives, and coaches entrepreneurs.
by WBS staff with doctoral researchers, and       from the creative sectors and the Arts to help      His research is pedagogic, including teaching
participants on the Warwick MBA. We aim           generate a creative atmosphere to stimulate         with case studies, and explores how to develop
                                                  innovation.                                         students’ ‘critical creativity’.
to help introduce new formats and media as
well as a different kind of content in order to
create more challenging studies, closer to the
complex and dynamic situations executives          how can you help?
actually face.
                                                   Our alumni have been very supportive and many have stepped forward to collaborate
Taking creative risks                              including:
Jonathan Heron of Fail Better Productions          Simon M Wood, a movie entrepreneur w www.movie-zine.com
and Rachel King, a Warwick PhD                     and gallery owners like Peter Quintana, w www.oc-eo.com
researcher and drama practitioner/coach,           and Olga Nefedova, w www.russianart4u.co.uk
have been using OSL with our third year
undergraduates to support and stimulate the        Please do get in touch with us if you feel you would like to be involved.
students’ creative criticality through working     e alumni@wbs.ac.uk
12 nexus: spring 2011 creativity and innovation




innovation capabilities in the emerging economies:
toward a research agenda
Professor Qing Wang introduces some of the capabilities of firms in emerging economies and suggests ways in which
they will need to develop in order to meet the changing demands of the consumer.

                                                    The historical reliance of emerging                  For more details contact
                                                    economies on low cost production and low             e qing.wang@wbs.ac.uk Professor of
                                                    value-added economic development paths               Marketing & Innovation, Associate Dean
                                                    has created bottle necks for sustainable             (Internationalisation), WBS.
                                                    growth. Recognising this problem, emerging
                                                    economies have stepped up the effort to              Join the discussion online in February
                                                    develop innovative capabilities – evidenced          Qing will be online at
                                                    by the rapid increase in the number of patent        w www.wbs.ac.uk/jointhedebate from the
                                                    filings by applicants from China. Between            1–5 February 2011. Come and swap ideas and
                                                    2005 and 2006, the number of filings from            discuss the issues she raises in this article.
                                                    China increased by 32.1 percent. The US is
                                                    still the largest recipient of patent filings with   • What do you see as the opportunities for
                                                    a total of 425,966 filed in 2006, followed by          firms in emerging economies to ‘leap
                                                    Japan (408,674), and China (210,501). There            frog’ the multi-nationals, particularly in
                                                    has been an increase in the level of patenting         technology and marketing?
                                                    activity in other emerging countries such
                                                    as India, Brazil, and Mexico, but, for these         • What are the differences between the
                                                    emerging countries, non-resident applicants            type of innovative capabilities for firms
                                                    accounted for the largest share of total               competing at the lower and higher ends of
                                                    filings in these countries, lagging behind             the market?
                                                    leading emerging economies like China in
                                                    developing their innovative capabilities.            • What are the roles of users, particularly
                                                                                                           those in the emerging markets, and their
Historically, emerging economies such as            A number of Chinese brands have emerged                behaviours in the innovation adoption
China have been developing their economy            either through own development (Huawei,                process?
based on low cost production and processing         Haier, Baido, China Mobile, ZTE) or merger
trade. However, processing trade is greatly         and acquisition of foreign brands (Lenovo,
dependent on western countries to handle            Volvo). The Chinese automobile industry’s
                                                                                                           the author in                    minute
the upstream (R&D and innovation) and               new target is to increase own-brand market
downstream parts (marketing and sales) of           share in the domestic passenger cars market                                      Qing is Professor
the supply chain. In 2009, China’s exports          to 40 percent by 2013, and own-brand                                             of Marketing and
                                                                                                                                     Associate Dean for
exceeded US$1.19 trillion, of which 50              automobile exports to 10 percent. In the
                                                                                                                                     Internationalisation.
percent was still classified as processing trade.   context of stimulating domestic demand,                                          She gained her PhD
There are variations across sectors and firm        the increase in the sales of own-brand cars                                      at Warwick and was
ownership; those sectors that are relatively        in the domestic market will lead to quality                                      a faculty member at
sophisticated, such as electronic devices,          improvement and innovations.                                                     Sussex before joining
have particularly high foreign content (about                                                                                        WBS. She has also been
80 percent). Foreign-invested firms also            To ensure this target is achieved, it is              a Visiting Professor at universities including Duke,
                                                                                                          Tsinghua, and INSEAD.
tend to have higher foreign content in their        important that firms in the emerging
exports than domestic.                              economies develop superior products                   Her research draws on psychology, innovation
                                                    characterised by both technological and               studies, and neuroscience to understand
Many of the final products are sold under           marketing superiority. These firms have               consumer behaviour in the adoption of radical
foreign brand names, even in such low-tech          the huge comparative advantage of being               new products; the co-evolution of consumer
sectors as clothing. Nearly 200 Chinese             closer to their large domestic market and             learning and firm strategies; and the innovative
                                                                                                          capabilities and branding strategies of Chinese
products are top of the list in the quantities      their customers. To unleash this potential,
                                                                                                          high-tech firms.
of production, but none is on the list of the       these firms must combine their innovative
world’s top 100 most valuable brands. 90            capabilities with a strong market orientation         Qing is a Member of the Marketing Science
percent of ‘Made in China’ products do not          to reduce the risks of innovation and to meet         Institute, and Director of MICE (Marketing,
have their own brands. However, brands              the changing demands of consumers in                  Innovation and Chinese Economy network).
mean profitability; for example, 80 percent of      the emerging markets, as their income and             She has published in leading journals including
Volkswagen profit comes from the Chinese            standard of living increase and their needs           Journal of Marketing Research, Journal of Product
                                                                                                          Innovation Management, and Research Policy. She
market. GM makes US$145 on every car it             become more sophisticated. There is clearly a         is also Associate Editor for Journal of Research in
sells in the US, but US$2,400 on every car it       research agenda for academics in this area to         Interactive Marketing and International Journal of
sells in China.                                     contribute to a better understanding of this          China Marketing.
                                                    process.
nexus: spring 2011 creativity and innovation                                                       13




innovation & the uk manufacturing industry
Kevin Morley looks at how a concentration on specialised, innovative short-run manufacturing could be the answer to
the UK’s current financial woes.

                                                 Almost the entire focus of Chinese              development capital stock, and this growth is
                                                 manufacturing is on Long Run                    a continual curve.
                                                 Manufacturing. If you want a million
                                                 mobile phones a month, indeed, if you           The motor industry is often used as the bell
                                                 want a million of anything a month, go to       weather of the health of manufacturing
                                                 China. And this is likely to continue despite   industry and indeed no self-respecting
                                                 economic competitors claiming increased         country that purports to be a leading force
                                                 demand will lead to higher wages and a          in the economic world would be without
                                                 subsequent loss in price competitiveness.       its motor industry. It is no surprise that the
                                                 When I was on the Board of a company with       BRIC countries have been playing catch up
                                                 a factory producing electronics in Shinzhen     with their own individual manufacturing
                                                 Province and wage increases became an issue     plants. As an example; China’s car industry
                                                 because of increased demand for labour, we      grew by over 60 percent in the last 12
                                                 simply moved production further inland to       months and it is clear that even motor
                                                 Guandong Province, where wages were much        manufacturing will migrate Eastwards
                                                 lower. China is so huge and populous that       over time. It will then be left to the more
                                                 this process can be repeated for decades.       specialised and innovatory industries to
                                                                                                 provide the West’s manufacturing output.
If this current recession has taught us          So we in the West have to focus our
nothing else, it’s that over-reliance on one     manufacturing energies on the Short Run
sector in the economy can be dangerous,          end of the spectrum. This will involve the         As the old proverb
especially if that sector happens to be          more specialised and therefore high end
financial services. It’s no coincidence that     manufacturing processes and must be led         so accurately states,
casinos also use the word ‘bank’ to describe     by innovation. Many studies have shown
the House.                                       there is a strong and enduring link between     innovate or die!
                                                 innovation and productivity growth. The
The current small but significant spurt          seminal study by Solow found that nearly        And with manufacturing employing about
in growth in the UK economy is almost            90 percent of the increase in US labour         2.6 million people in the UK and accounting
entirely down to one long-forgotten sector       production in the twentieth century was         for 13 percent or over £150 billion of our
– manufacturing. Germany powered out of          caused by innovation and technical change.      National Economic Output, it is clear that it’s
this recession simply because of its strong      A recent study by Coe and Holpman               an industry to be cherished and this has to be
manufacturing base which shows the way for       (1993) estimated that the elasticity of UK      done by innovation and new technology. As
the rest of the West, despite more and more      manufacturing output is around 0.2 for          the old proverb so accurately states, innovate
manufacturing heading towards China.             every 1 percent increase in research and        or die!


  on the knowledge centre...                                                                       the author in                    minute
 the digital future of manufacturing             designing for the 21st century                                        Kevin started his working
                        Britain has been         The use of tensioned fabric in architecture                           life with Ford and was head-
                                                                                                                       hunted to Rover where he
                        described as             necessitates a collaboration between                                  quickly climbed the ranks to
                        a ‘knowledge             engineers and designers from the                                      become Managing Director
                        economy’, but            beginning. Professor Lewis has been                                   and a member of the Board.
                        is this an over-         researching tensioned fabric structures,                              Having regained Rover’s
                                                                                                                       profitability, he left to set
                        simplification?          co-ordinating the ‘Design for the 21st
                                                                                                  up his own marketing agency which became the
 Professor Lord Kumar Bhattacharyya,             Century’ project and exhibition as a             6th largest in Europe before it was purchased by
 Director of WMG, believes that the              collaboration between Warwick’s School           Interpublic.
 importance of manufacturing has been            of Engineering and the Courtauld
 overlooked in the UK and that the future of     Institute in 2009. Since then, her research      Kevin is Chairman of one PLC and Non-executive
                                                                                                  Director of two others, owns three marketing
 manufacturing lies in digital technology.       has become focused on the potential of           agencies, a five-star hotel, and has interests in a
 WMG’s Digital Lab has proven that               rigid minimal forms.                             number of smaller companies. He continues to
 there are opportunities for British-based       w tinyurl.com/3afwcky                            work as a consultant in marketing, and speaks
 manufacturing that need to be exploited,                                                         at events worldwide. He is Vice President of
                                                                                                  the British Dyslexia Association, and a Charter
 and that our universities have a crucial role
                                                                                                  Member of the Duke of Edinburgh Award
 to play. w tinyurl.com/38yof9y                                                                   Scheme. Kevin is an Honorary Professor at
                                                                                                  Warwick Business School.
14 nexus: spring 2011 creativity and innovation




the mind is flat:
the illusion of depth in human behaviour
Nick Chater

A new Behavioural Science group at WBS, headed                               intrinsically interdisciplinary, lying at the nexus
by Professor Nick Chater, has been formed to study                           of applied psychology, organisational behaviour,
behavioural science and its applications in business,                        neuroscience, sociology, management science,
the economy, and finance. Behavioural science is                             economics, and finance.
a relatively new research and teaching field that is

When we choose a car, vote, or make a moral         whether the answer was (a) 0–1h, (b) 1h–2h,       et al. 2005). Petter asks people to choose
choice, we imagine ourselves driven by deep         (c) 2h–3h, (d) 3h, (e) more than 3h. Your         which of two faces they think is most
motivations and desires. But one of the             inner statistician should, of course, look        attractive; and then by a conjuring trick,
insights of modern behavioural science is           deep within your experience, and select (a).      presents the person with the face they didn’t
that this feeling is almost entirely an illusion.   But there is no inner statistician, peering       choose saying ‘Tell me why you chose that
Rather than consulting our ‘inner selves’,          into your mental depths—indeed, there are         one.’ This shocking thing is: (i) people don’t
we are, rather desperately, attempting to           no mental depths to peer into! Instead, with      notice the switch; (ii) they are perfectly
figure out, there and then, what we should          either set of options, you actually think –       happy to provide an explanation for the
do and feel. Rather than drilling down into         ’Help, I’ve no idea! I suppose I watch a bit      choosing face B, a few seconds after actually
some stable bedrock, we cook up a credible-         less TV than the average person; and these        choosing face A.
sounding story about our behaviour, on the          options probably cover the population at
spot.                                               large. So perhaps I’m a (c).’ And you do this     What does this mean for running a
                                                    both times. Even though the answers are           corporation? Don’t try to look deep inside
Let’s take an example. Suppose I ask how            wildly inconsistent.                              your customers, or your employees, or
much TV you watch each night. I might                                                                 yourself. Do focus on the moment-by-
give you options such as (a) 0–15 mins,             This phenomenon, prospect relativity              moment processes of buying, working or
(b) 15–30 mins, (c) 30–45 mins, (d) 45–60           (Stewart, et al., 2003), is ubiquitous. Perhaps   living that people find rewarding, and create
mins, (e) more than 60 mins. Suppose you            it doesn’t matter much whether I know how         more of them.
consult your ‘inner statistician’ and select        much TV I watch. But the same problem
(c). Now, I might, though, have asked you           arises everywhere. We can be induced,             Johansson, Petter; Lars Hall, Sverker Sikström, A.
                                                                                                      Olsson (2005). ‘Failure to Detect Mismatches Between
                                                    by similar trickery, to favour wildly risky
                                                                                                      Intention and Outcome in a Simple Decision Task’.
                                                    investments (if the others are even riskier) or
  on the knowledge centre...                        stodgily safe ones; to favour fuel efficiency
                                                                                                      Science, 310, 116–119.

                                                    over performance in a new car, or the reverse;    Stewart, N., Chater, N., Stott, H. P., & Reimers, S.
 emotional prosperity                               to focus on quality, or price, when in the        (2003). Prospect relativity: How choice options
                       It is the desire                                                               influence decision under risk. Journal of Experimental
                                                    supermarket. There is no point trying to          Psychology: General, 132, 23-46.
                       to increase GDP              figure out what I really want, and providing
                       that informs                 it – I don’t know what I want myself.
                       the economical                                                                   the author in                    minute
                       decisions of Western         There are limits to our flexibility and
                       countries. Professor         confusion. As I mentioned, one way we
                                                    cook up stories about what we want is by                                   Nick Chater joined WBS
 Andrew Oswald however, argues that it                                                                                         in 2010, after holding
 is time to change our way of thinking.             considering what we normally do. If I usually
                                                                                                                               chairs in psychology at
 Global warming and diminishing natural             buy quality audio equipment, I have some                                   Warwick and then at UCL.
 resources means that is now necessary to           evidence that this matters to me – so I’d                                  He has over 200 hundred
 create fewer products rather than more,            better do when next in the store. I’m like                                 publications to his name,
                                                    an author flicking back in my manuscript                                   has won four national
 and the evidence is also stacking up to                                                                                       awards for psychological
                                                    to remember a character’s hair colour; to be
 prove that old suspicion correct – perhaps                                                                                    research, and has served
                                                    consistent, I have to check what I like and
 more money doesn’t make people (or                 feel, and stick with it.
                                                                                                                               as Associate Editor for the
 countries) happier after all.                                                                         journals Cognitive Science, Psychological Review,
                                                                                                       and Psychological Science. He was elected a Fellow
 w tinyurl.com/3alm8zb                              Experiments on choice blindness by my              of the Cognitive Science Society in 2010.
                                                    collaborator Petter Johansson show this
                                                    process in operation very neatly (Johansson
nexus: spring 2011 creativity and innovation                                                15




the role of innovation & creativity in building
resilient organisations
Dr Bridgette Sullivan-Taylor and Dr Layla Branicki summarise some of the current research emanating from the
Strategy, Organisational Learning & Resilience research unit.

                                                              flexibility to cope with extreme    Social networking technologies
                                                              threats and events is a key         Layla’s new two-year inter-institutional
                                                              theme in SOLAR research.            project combines qualitative and
                                                                                                  quantitative approaches to examine the
                                                              Strategic capabilities              impact of technological innovations, such
                                                              Bridgette’s project was the first   as social networking technologies, upon
                                                              to examine the state of play of     emergency management. It looks to explore
                                                              UK organisational resilience,       smarter and more creative solutions for city
                                                              and initial findings have wide      evacuation.
                                                              reaching consequences not           Contact e Layla.Branicki@wbs.ac.uk
                                                              only for those organisations
                                                              operating in high risk contexts     Organisational learning
                                                              but for all organisations           A new PhD project which explores how
                                                              operating within the UK public      companies have managed during times of
Private, public, and voluntary organisations     and private sector context.                      crisis. Gareth’s research focuses on how
are facing significant challenges as the real                                                     companies learn and whether, during
impact of the global financial crisis and        This research investigates intra- and inter      times of extreme events, companies learn
government retrenchment are felt. Findings       organisational relationships and challenges      more efficiently when working with
from the Strategy, Organisational Learning       traditional business continuity approaches       direct government input (public private
& Resilience (SOLAR) research unit, a leader     to planning and preparedness which is            partnership-style) or if they are more
in the field of organisational resilience,       predicated upon individual organisations         efficient when operating independently.
highlight how organisations can create           operating in isolation and one size fits all     Contact e Gareth.Owen@warwick.ac.uk
capabilities to better respond to adverse and    organisation solutions to managing extreme
austere conditions.                              events. Instead our research highlights          SOLAR research themes remain timely and
                                                 the need for strategic decision-makers           its research activities continue to attract
The contemporary relevance of the research       to think creatively about the resources          academic, government, and industry
is reflected in an expanding portfolio of high   and capabilities across critical national        support. It is only through academia,
impact projects. In 2010, Sullivan-Taylor and    infrastructure and international supply          industry, and government working creatively
Branicki disseminated research findings to       chains.                                          together that innovative solutions can be
a wide range of practitioner (AIRMIC, Bank                                                        found to the problems challenging a post
of England, BCM World, IPT) and academic         This includes the use of creative scenarios      financial crisis landscape.
audiences (SMS, EGOS). New SOLAR                 using ‘Lego Serious Play’ to map out the
Research Associates also include Steyer,         strategic landscape as well as potential
Stephenson, Cohen, Von Schwanewede, and          dependencies and inhibitors to achieving           on the knowledge centre...
Stolz.                                           overall resilience.
                                                                                                                             risky business
The exploration of strategy, in terms of         To engage further with strategy in                                          The 21st century
both human behaviour and organisational          practice, an Advisory Board has been set                                    has been a time
processes, has become increasingly pertinent     up with senior corporate and government                                     fraught with
not only to the UK’s recovery from extreme       representatives, chaired by a member of the                                 concerns about
financial shocks but also to the potential       House of Lords.                                                             safety, from
impact and increasing frequency of events                                                                                    the micro level
ranging from terrorists acts to severe weather   Contact
                                                                                                   of identity theft and credit card fraud
events. The need for creative solutions and      e Bridgette.Sullivan-Taylor@wbs.ac.uk
                                                                                                   to the threat of terrorism at the macro
                                                                                                   level. Dr Bridgette Sullivan-Taylor has
 For more information             SOLAR events for 2011                                            recently completed a Leverhulme Trust
 on SOLAR research and            • Organisational Resilience Project: policy and practice         funded research project that examined
 activities see the SOLAR           impact events, hosted by partner organisations, Summer.        the intricate relationships between
 web site or contact Dr           • Secure Outcomes Breakfast Series: organised jointly by         international tourism and terrorism,
 Bridgette Sullivan-Taylor,         SOLAR, the Industry & Parliamentary Trust (IPT), and the       and looked at how managers in the
 Director, Solar                    University of Warwick, held at Westminster, Jan-June.          travel and tourism sector cope with the
 w www.wbs.ac.uk/go/solar         • Security Conference, June, Westminster                         uncertainties caused by the terrorist
                                    Contact Bridgette or Gareth for further information.           threat. w tinyurl.com/356aao3
16

 personal & career development

take control of your personal brand
                       If you’re serious about your                   Stride 3: Dress like you mean it
                       career, you need to take control               Style and grooming are the packaging of your brand. Do you
                                                                      present yourself in a way that invites trust and credibility? Your
                       of your ‘Brand Me’.                            dress should be an extension of your personality and brand.
                       We all have a personal brand; it’s just like
                       a corporate or product brand. It’s how
                                                                      Stride 4: Silent indicators
                                                                      ‘Body Talk’ speaks volumes. A genuine smile, a good handshake
                       you make others feel about you, what
                                                                      and positive eye contact are essential – you will be judged on
                       people say about you, and the words they
                                                                      them so take time to get them right.
                       use to describe you.

We don’t always cultivate our brand image though. It’s often          Stride 5: Speak easy
left to chance. But, the impact of considered branding cannot         What does your voice convey about your brand? Have you
be underestimated –just look at the success of brands like David      listened to your voicemail message, to hear how professional
Beckham, Apple, Coca Cola, and even the Queen.                        you sound? Don’t underestimate the power and influence of
                                                                      your voice.
Take control of your brand with these essential tips, 7
Big Strides to Walking TALL®, from personal branding                  Stride 6: Be interested & visible
                                                                      Being genuinely interested in others will make you more
expert Lesley Everett.                                                interesting, and more memorable.

Stride 1: Who you really are                                          How visible are you? Do people know you or do others have to
Uncover your personality, values, individuality and your unique                  describe you in detail for people to know who you
selling points. We often lose track of our identity in a busy                      are? Having a great brand is not enough; you
business world and when we’re focused on career progression.                         need to manage your visibility to project it.

It’s important to get feedback from others on how they see you                          It’s not always about seeing people face to
– analyse appraisals and personal development plans.                                    face; you can be visible in other ways. Think
                                                                               about your profile online and how you interact and
Ask others around you for three words to describe you. Do these                contribute your expertise.
correlate to how you see yourself? Are you happy with them?
This collection of perceptions from others is your brand, so                   Stride 7: Each time, all the time
make sure you manage them.                                                    Consistency is crucial. For any brand to be 100 percent
                                                                              successful, it has to be 100 percent consistent.
Stride 2: The first seven seconds
It takes just seven seconds for people to judge us.                           Lesley Everett is author of Walking TALL – key steps to total image
                                                                             impact and founder of Walking Tall – The Personal Branding
How often do people get the wrong                                            Company. w www.walkingtall.org
impression?

There are three steps to a first                                             Special offer
impression:

1 What you look like                                                       Access over two hours of unique video
2 What you sound like                                                    training from Lesley, separated into 12
3 What you say                                                           modules and delivered to your inbox over four
                                                                        weeks via the 8.45 Club, for the discounted
First we take in non-verbal
communication, then we assess                                           rate of £27 (normal price £47)
vocal quality, and finally we hook
into content if we like what we                                        To purchase, login to your Alumni website, click
see and how we hear it. First
impressions are incredibly powerful
                                                                       on the careers link under Develop and click on
in defining how we feel about                                           ‘Buy Services Online’.
somebody.
Nexus Spring 2011
Nexus Spring 2011
Nexus Spring 2011
Nexus Spring 2011
Nexus Spring 2011
Nexus Spring 2011
Nexus Spring 2011
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Nexus Spring 2011
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Nexus Spring 2011

  • 1. 1 Warwick Business School Alumni Association magazine: spring 2011
  • 2. First in the UK Our BSc Accounting & Finance is rated number one in all three major UK university guides. Now we’re launching our pathbreaking MSc Accounting & Finance. Don’t settle for mediocrity. Strive for excellence. Professor Mark P Taylor Dean, WBS Ex Managing Director, BlackRock First in the world I came first in the world in two of my professional chartered accounting exams thanks to my previous studies with WBS. Hannah Monkman BSc Accounting & Finance 2009 KPMG ICAEW Order of Merit 2010 WBS – we mean business wbs.ac.uk/go/afmasters
  • 3. 3 message from the dean 3 In the previous edition, • Kevin Morley, eminent business leader and a WBS I laid out the new honorary professor explores innovation and its potential and ambitious vision positive impact on UK manufacturing on page 14. for Warwick Business • Our groundbreaking new Behavioural Science group School: to be the provides, on page 15, what I hope will be the first of leading university- many briefing articles on how innovative and challenging based business school research into human behaviour could unlock the secret to in Europe. I am business and economic success. pleased to report that work continues apace Teaching and Learning to make this goal a We continue to explore new ways to deliver business reality. The WBS Senior education to respond to the needs of our students, as well Management Team as to the emerging needs of employers, the economy and and I held a strategy society. away day on 29 November to flesh out the key initiatives which will underpin the vision and allow us to challenge Grier Palmer, WBS Academic Director for Teaching and our competitors, to further establish WBS as an innovative, Learning, discusses another initiative, the Working Capital research-led, teaching-excellent school, and to continue to project, drawing on the expertise of academic colleagues provide career-defining business education to future leaders across the University as well as our alumni working in and managers. By working with our University colleagues, the creative, arts and media sectors to create innovative advisory boards, key volunteers, alumni and associates, I am teaching and learning (see pages 10–11). sure we will succeed. We will keep you informed of progress. You can find out more about all of the new research and This edition of nexus focuses on innovation and creativity – activities happening at Warwick via the Knowledge Centre values which WBS has always had at its heart. w go.warwick.ac.uk/knowledge, where you can also add your own contribution. Innovation and business • We highlight on page 13 a number of WBS initiatives around the role of innovation and creativity in building resilient organisations, which are more crucial now than ever in the current adverse climate. contents In this edition of nexus we focus on Creativity and Innovation 6–7 New logo, new vision, new WBS 8–9 WBS research news and reviews 10–11 Creativity at WBS Grier Palmer 12 Innovation capabilities in the emerging economies: toward a research agenda Professor Qing Wang 13 Innovation & the UK manufacturing industry Kevin Morley 14 The mind is flat: the illusion of depth in human behaviour 6 22 Professor Nick Chater 15 The role of innovation & creativity in building resilient 22 26 organisations Dr Bridgette Sullivan-Taylor and Dr Layla Branicki 16 Take control of your personal brand Lesley Everett 17 Introducing the Knowledge Centre 18–19 Alumni supporting the WBS experience 20 Giving back, getting involved 21 Global impact 22–25 Global & professional networks and event reviews 26–27 Alumni news and appointments 27 17
  • 4. 44 nexus: spring 2011 from the Alumni Relations Office 2011 lies before us, and with it come challenges and Most of us are being opportunities for all of us. asked to do more with less. Being creative and Businesses, whether for-profit looking for new ways or non-profit, are facing change like never before. There are of working may well be numerous driving forces behind the key. Here at Warwick this change including a rapidly Business School, we expanding and shifting global are ‘looking at things market, increasing competition in all arenas, new technologies differently’. and a huge pressure on added- value and cost-efficiency. groups of individuals coming together to make things happen. The power of a Creativity and innovation are often key group lies in its diversity. to the success of any type of business, particularly in times of pressure and Our WBS Alumni Network is true change, and I hope that you will find this testament to the power of creative edition of nexus insightful and useful, as groups. Never before has our network you consider how to navigate yourself been stronger and more diverse. We and your organisation through this crucial now have networks in China, India, the year. Middle East, Europe, North America and South-East Asia, groups who work on Most of us are being asked to do more mentoring, on the sustainable world, Our message to you is clear... We need with less. Being creative and looking for on strategy and on global energy, and your help... to strengthen our network new ways of working may well be the key. student and cohort representatives across further and to take forward our vision. Here at Warwick Business School, we are the network. Our recent innovation, Do get in touch. ‘looking at things differently’. ‘Joining the Conversation’, is a great example of where our alumni are taking Alison Bond Creativity is not only about individuals the lead to engage with the School and Head of Alumni Relations doing innovative things. It is about each other. thank you to previous board members From left: David Allan, Navdeep Athwal, Manny Coulon, Issam Hamid, Richard Hughes, Rob McCulloch, Ronan Morrissey contact details Alison Bond Tracy Lynch Claire Stevens In–house photography by Head of Alumni Relations Alumni Relations Officer Alumni Relations Assistant John Weatherly The Alumni Association T +44 (0)24 7652 4176 T +44 (0)24 7652 8487 T +44 (0)24 7652 8487 Warwick Business School E alison.bond@wbs.ac.uk E tracy.lynch@wbs.ac.uk E claire.stevens@wbs.ac.uk nexus is the magazine of the Alumni University of Warwick Association, Warwick Business School Coventry CV4 7AL Kathryn Chedgzoy Jen Young Renate Mason T +44 (0)24 7652 4306 United Kingdom Alumni Relations Officer Alumni Relations Events and Alumni Relations Assistant t +44 (0)24 7652 2813 T +44 (0)24 7615 0515 Office Co-ordinator T +44 (0)24 7615 0371 The views contained in nexus are those of f +44 (0)24 7652 3719 E kathryn.chedgzoy@wbs.ac.uk T +44 (0) 24 7615 0171 E renate.mason@wbs.ac.uk contributors and not necessarily those of E alumni@wbs.ac.uk E jennifer.young@wbs.ac.uk Warwick Business School or the University W www.wbs.ac.uk/alumni Ann Jackson Emily Jamieson of Warwick Alumni Relations Officer Alumni Relations Assistant Design by Morse–Brown Design T +44 (0)24 7652 8197 T +44 (0)24 7652 2987 w www.morsebrowndesign.co.uk E ann.jackson@wbs.ac.uk E emily.jamieson@wbs.ac.uk
  • 5. 55 alumni board world class business leaders, and year here with us. Finally, Matt Stocker’s producing an ever-increasing return on group will continue to look at how we can investment for our alumni and students. improve the way we communicate with our students and alumni, building on the In support of these changes, your Alumni recent improvements to our web site and Board is working with the new leadership introducing further enhancements across team and the Alumni Relations team to many other channels. support both revisions to the governance structure of WBS and the development of In closing this column, I am drawn our strategic plan. to reflect on the recent changes to the Alumni Board membership. Rob Operationally, we have four key McCulloch, Manny Coulon, David Allan, Over the last nine months since the workstreams in development for 2011. Richard Hughes and Issam Hamid have appointment of Professor Mark Taylor Supportive of the rebranding of WBS, made an immense contribution to the as Dean of WBS, there has been an Hilary Robertson is leading a team work of your Board over the last six years enormous amount of change within focussed on the Alumni Association’s and their enthusiasm and commitment WBS – which continues unabated. Most brand. Alison Watts has a team looking will be sorely missed. With their parting visibly of course, is the recent rebranding at how our alumni can be better served comes the opportunity to welcome of WBS with the associated ‘we look at across the full range of continuous Rowena Hilton, Bernie Ritchie, Paul things differently‘ strap-line, emphasising learning opportunities, and Julia Cruise, and Francis Davis who bring fresh the innovative nature of our offering Evans continues to develop the work perspectives from local and national and underpinning the Dean’s vision of of improving the interaction with our government, industry, and commerce; becoming Europe’s leading university- recent graduates and current students. I look forward to working with them as based business school. An example of the work of this group we meet the challenges of delivering our is the recent launch of our ‘buddying’ 2011 commitments. Our new strategy emphasises the need to programme for the Warwick MBA by enhance our research reputation, further full-time study, which will enhance the Nick Jessett (EMBA 1985–89) develop our reputation for developing relationship with this group during their Chair of the WBS Alumni Board new board members alumni members: student members: Paul Cruise Rowena Hilton Will Skillman (MMBA 2003–09) (MMBA 2005–09) Current FTMBA student. Head of Manufacturing Deputy Chief Executive, I am very excited to Improvement – Rolls Chesterfield Borough join the Alumni Board. Royce. Council. I believe that it is I really enjoyed my MBA I am passionate about important for a top study at Warwick and I am passionate lifelong learning, and am looking business school like Warwick to have about the development of the global forward to working with the Board as an active Alumni network. As a current alumni network. I want to maximise the it continues to develop enhanced links participant on the full-time Warwick level of participation in the world-wide between WBS, businesses and the public MBA I am looking forward to engaging network and ensure that the Warwick sector. both current and past students in experience goes well beyond the initial building the WBS brand. qualification. Francis Davis (MPA 2009–10) Bernie Ritchie Policy Advisor, The Abed Abu-Snaineh (FTMBA 1997–99) Big Society and Current MPA student. Brand, Marketing & Decentralisation. It is my honour to be Business Consultant, I’m especially keen to elected onto the WBS Management Sushi Ltd. find fresh ways to support alumni from Alumni Board. I wish My MBA and links with the MPA, all the MBAs and the other to make an impact and WBS ever since have proved of immense programmes who have come from the positively contribute to such a great value in my communications career. voluntary sector or who have gone on community. Being part of the Alumni Board and its to the social enterprise, government and For more information about the key role Communications Group will allow me NGO sectors across the world. Warwick of the WBS Alumni Board to make a contribution that I hope will needs to make a difference in every sense w www.wbs.ac.uk/alumni/ add value in return. of the word. alumniboard.cfm
  • 6. 6 new logo, new vision, new WBS In recent months, the Dean has shared widely his vision for WBS: to be the leading university-based business school in Europe, with a clear mission statement: a To produce and disseminate world- class, cutting edge research capable of shaping the way organisations operate and businesses are led and managed. b To produce world-class, socially responsible, creative leaders that think on a global scale, regardless of the size of their organisation. c To provide a return on investment for our students and alumni over their entire careers. One of a number of initiatives underlying this vision is the creation of the first behavioural science group in a European business school. Behavioural science, and its applications in A s global competition for students, faculty, and funding business, the economy, and finance is emerging as one of the increases, the challenges for WBS are to maintain most exciting intellectual and practical areas in the world’s excellence in research and teaching and to build an leading business schools. See page 15 for more information. unassailable position in the market. We’ve recently re-launched ourself with a distinctive new look Our vision is straightforward. – you might have noticed! Changing a logo is always risky – there’s a possibility you might alienate your current customer What underlies everything is academic base and throw away hard-won brand recognition. But with excellence with critical and creative Professor Mark Taylor in place as Dean, with vision, ambition, and a mandate for change, it was clear that we needed reflection. something new, fresh, and bold. We needed to evolve our logo in order for it to reflect who we are and where we’re going. A Another element of the new strategy will be strong initiatives in rebrand provided the opportunity for revitalisation of the way teaching and learning, which will link to new research agendas we are seen in the marketplace. Clean but with an edge. Enquiring yet certain. Youthful but credible. The straplines, ‘we look at things differently’ and ‘WBS – we mean business’, convey our ambition and our refreshed commitment to creativity and innovation. We are reasserting our ability to challenge convention – an ability which has become synonymous with WBS and the University. The rebranding and national media advertising campaign (pictured here and most notably in The Financial Times, The Guardian and The Economist) has been very positively received externally and internally and is emblematic of the new vision set out by the Dean. WBS – we look at things differently wbs.ac.uk/go/different
  • 7. 7 and will push us to be more creative and innovative in the way we teach and therefore how our students learn. A key project will be the creation of a WBS portfolio of cases, new appointments competing with Harvard’s in the use of blended learning, based on WBS research and Warwick’s critical skills. More information on creativity can be found on pages 10–11. Dr Holly Birkett – Assistant Professor of Organisational Behaviour The new approach will also include building new stimulating relationships with our creative Professor Andrew Brown – Professor of colleagues across the University (the Arts We’re absolutely Organisational Behaviour Faculty, the Arts Centre), and with WBS creative thrilled the Professor Nick Chater – Professor of alumni – in digital media, art, film, music, and performance. new logo and Behavioural Science and Associate Dean Corporate Relations The University is especially enthusiastic about the advertising Dr John Craner – Senior Teaching Fellow WBS helping develop educational creativity campaign have met and innovation at Warwick, and we will be Dr Elisabeth Dedman – Associate increasing our interdisciplinary work via IATL with such a positive Professor of Accounting (the new Institute for Advanced Teaching and response. Customer Dr Jimmy Donaghey – Associate Professor Learning), which offers a special role for both our new Behavioural Science group and our reaction is, of in Organisational Behaviour vanguard corporate social responsibility work course, the ultimate Professor Bruno Frey –WBS Distinguished Professorship in Behavioural Science led by Dr Andreas Rasche. test – we look For more information see Dr Andrea Gamba – Associate Professor w warwicknetimpact.org forward to hearing of Finance your feedback. Dr Louise Gracia – Principal Teaching In order to realise our vision, we will build Fellow on our outstanding reputation, striving after academic excellence in teaching and research You can contact the Dean in Professor Andrew Lockett – Professor in in every aspect of WBS: research led, teaching confidence at Enterprise excellence. We will also equip alumni to employ e strategy@wbs.ac.uk Dr Jenny Maynard – Senior Teaching a range of skills for life and to become part of More information on our new Fellow our global network, feeding back issues to us and continuing to engage with us for ongoing vision w wbs.ac.uk/go/different Professor Kamel Mellahi – Professor of professional development. Strategic Management Professor Jonothan Neelands Professor of Creative Education Professor Margit Osterloch – Professor in Management Science Professor Martin Parker – Professor of Industrial Relations and Organisational Behaviour Dr Juliane Reinecke – Assistant Professor of Organisational Behaviour Dr Graham Sara – Senior Teaching Fellow Professor Deniz Ucbasaran – Professor in Entrepreneurship
  • 8. 8 nexus: spring 2011 WBS news raising the profile of WBS local feedback for the MPC from stakeholders in the area. efficiency?’ She commented afterwards, ‘I wanted to challenge the audience not just to think about cost reduction, but more In mid-November, Professor Simon Collinson on waste reduction focusing on delivering was one of just two speakers invited to advise value and quality rather than cutting corners MPs at a working breakfast at the House and reducing service. There is no greater of Commons, hosted by the Industry and opportunity than a crisis, and the current Parliament Trust (IPT) on the Future of economic climate is certainly that for the Government Support for British Industry. public sector organisations in the UK.’ Simon’s talk focused on the changing nature of trade and foreign direct investment (FDI) On the ever-popular topic of football, Dr Sue Sue Bridgewater Simon Collinson into and out of the UK. Discussions around Bridgewater has been commissioned to write In 2010, our faculty have been involved in the appropriate Government response a monthly update in The Times on a football several high-level events which have taken to these broad trends followed the two league with a difference – The Times Financial place on campus and beyond. presentations. Fair Play League. This League attempts to take into account the resources available to Two members of the Bank of England Dr Zoe Radnor is making a name for herself football clubs in the English Premier League Monetary Policy Committee (MPC), WBS on the application of ‘Lean’ in the public in achieving their points and league position. Professor Andrew Sentance and Paul Fisher, sector. In October, she addressed an audience Data on clubs’ wages and gross transfers are spoke to an invited audience of students, of over 200 delegates from a range of public used as the basis of the Financial Fair Play staff, academics and business leaders at WBS sector organisations and consultancies on index, which is used to adjust the actual in October. The meeting was opened by the topic of Lean in Government at The league position and points totals of clubs and the Dean and chaired by Professor Andrew Barbican Centre, London. She challenged to show a financially-adjusted league ranking. Oswald. The aim was to spread the word on them to address the question ‘Is Lean just the policies and actions of the MPC and get for efficiency, can it only ever be just for new professors at WBS Kamel Mellahi internal promotions Kamel joins us We welcome five new professors below, from Sheffield; his in addition to Nick Chater, page 15, and research focuses Jonothan Neelands, page 10. In 2011 we will on organisational also welcome: Steve Brammer, Graeme Currie, failure and renewal, and Richard Taffler. business ethics and sustainability, and Andrew D Brown international business strategy. He has Andrew has worked published three books and over 60 papers in at Manchester, world-class journals. Peter Corvi André Spicer Nottingham, Cambridge, and Bath; Martin Parker As well as excellent external appointments, his research draws Martin’s research two existing members of faculty have been on disciplines from explores an eclectic promoted. For the start of the academic year, literary theory to range of topics Peter Corvi and André Spicer were promoted anthropology and discursive psychology to including social and to the top academic level of ‘Professor’. Peter theorise processes of organising and explores organisational theory, is also taking on the role of Associate Dean topics including organisational narcissism, market managerialism for the WBS Undergraduate Programme. individual and organisational identities, and and higher education, André has made strong contributions in storytelling in organisations. popular culture, utopianism, conspiracy teaching as an effective doctoral supervisor, as theory, the Apollo space programme, business well as contributing to administrative duties. Andy Lockett ethics, and alternative organisations. He has Andy joins us from written or edited 13 books and is working WBS Dean Mark Taylor commented, ‘I am Nottingham; he has on a new one about ‘economic outlaws’ – particularly proud to be the first Dean of WBS written two books and including pirates, cowboys, and the mafia. to see through the promotion of a Teaching published in over 60 Fellow – Peter – to the highest level as it articles. His research Deniz Ucbasaran underlines the importance that we attach to relates to new ways Deniz joins us from teaching excellence in fulfilling our mission of creating value Nottingham; her and achieving our vision as a leading business (economic, social, cultural) and encompasses research explores school. André has in recent years emerged as entrepreneurship through new venture entrepreneurial activity, a leading international scholar in the field creation; entrepreneurship in established looking at identification of organisational behaviour, with important organisations; and the resource-based view of and exploitation of contributions to the study of power and the firm. opportunities for new resistance in organisations, in which he has value creation. It draws on both economic developed a unique conception of power and and social psychological theories, for resistance in organisational life.’ example: cognitive processes including those relating to expertise, heuristics and biases, sense-making, emotion and intuition.
  • 9. WBS news nexus: spring 2011 9 the Chinese connection focusing explicitly on the politics of the global financial crisis and its links to the real economy in OECD economies, as well Shortly after Mark Taylor officially took as questions of representation for emerging up the reins as WBS Dean, he presented at market economies within international The Warwick Commission on International financial reform debates. Financial Reform, held in China. The Commission launched in 2009, bringing Just three months later, the Dean was again in together a range of world-class economists, China. Together with Professor Qing Wang, political scientists, and lawyers from both Associate Dean (Internationalisation), and the scholarly and policy worlds, to explore Alison Bond, Head of Alumni Relations, he how international financial reform can move visited several higher education institutions beyond questions of architecture and towards with a view to developing collaborations. how it may be possible to build consensus. Two alumni events were held in Shanghai and Beijing at the same time. The Commission is especially concerned with the political economy of reform, The Warwick Commission on w www2.warwick.ac.uk/research/ International Financial Reform warwickcommission/about/ hot off the press Next Generation Talent Organisation Culture: Implementing Models of Management: Talent Getting it Right Financial Derivatives: Management to Survive Naomi Stanford PhD Object Oriented Turmoil (Warwick) 1998 published Applications with VBA Andrés Hatum PhD by Profile Books Ltd. Dr Nick Webber published (Warwick) 1998 A book full of real by John Wiley & Sons. published by Palgrave life examples from This book teaches students Macmillan. Andrés companies including Ikea, and practitioners the considers the ways firms McDonald’s, Ford, and numerics and design are confronting critical Toyota and with a series of a powerful pricing tool in VBA. It leads issues such as attraction, development of wide-ranging practical the reader through the basics, from simple and retention when new generations are exercises to help managers analyse and make procedural code to the advanced design of coming into their companies during a time their organisation’s culture a powerful driver systems and object-style applications. It also of economic turmoil. Andrés is Associate of success. Naomi is the author of numerous covers Monte Carlo and lattice methods and Professor at IAE Business School, specialising articles and two books on organisation their implementation. Full implementation in organisational flexibility and talent design, including The Economist Guide to methods and code are provided, making this management. w tinyurl.com/33w6o9g Organisation Design. w tinyurl.com/2vo43ja an invaluable guide for portfolio managers, risk managers, and fund managers. The United Nations Global The Handbook of Decision w tinyurl.com/2ufzo7t Compact: Achievements, Making co-edited by Trends and Challenges Professor David C Wilson Global Sourcing of co-edited by Associate published by Wiley- Information Technology Professor Andreas Rasche. Blackwell. This book is a and Business Processes Published by Cambridge vital reference text for all co-edited by Associate University Press. This students and professionals Professor Julia Kotlarsky book reviews the first of management, published by Springer. ten years of the United organisation and decision- This book contains 14 Nations Global Compact’s making. It offers a wide carefully reviewed and existence (2000–2010) by presenting range of theoretical and empirical approaches selected papers from the exclusively commissioned chapters from to the understanding of organisational and 4th Workshop on Global well-known scholars, practitioners from the strategic decisions. To purchase, please order Sourcing, held in Zermatt, Switzerland, business world and civil society, and Global via Amazon. w tinyurl.com/3xmy4o7 in March 2010. These have been gleaned Compact staff. w tinyurl.com/3x7zbj3 from a vast empirical base brought together by leading researchers of outsourcing and Small Business and Corporate Governance: offshoring and this volume is intended for Entrepreneurship Principles and Issues use by students, academics and practitioners co-authored by Professor, Donald Nordberg MBA interested in the outsourcing and offshoring David Storey and (Warwick) 1990 published of information technology and business Associate Professor by Sage. This book draws processes. w tinyurl.com/2v6qd5a Francis J Greene on the author’s many published by Financial years as a journalist and Times/Prentice Hall. his academic research to This exciting new book develop a strong narrative provides the ‘big picture’ on small business to draw both students and entrepreneurship and explores both the For more information about WBS faculty, and practitioners into the story of corporate prevalence and importance of small and start- disciplines and publications governance. w tinyurl.com/3xf7xqg up businesses. w tinyurl.com/367rzbl w www.wbs.ac.uk/faculty
  • 10. 10 nexus: spring 2011 creativity and innovation working capital: creativity, the arts and performance for innovative teaching and learning Grier Palmer explains a major new project for WBS Jonothan Neelands Jonothan Neelands joined WBS Our strategy at WBS is clearly to be He says, ‘OSL works to open up issues in November 2010 as WBS world-class. But we don’t have to be like with creative criticality and illustrates Professor of Creative Education. everyone else to achieve this; therefore how the Arts can facilitate originality, He is also Chair of Drama and Theatre Education at Warwick’s ‘We see things differently’ and we can higher levels of learning, and stimulate a Institute of Education. In addition help others to do so too. Our new multi- person’s deeper development.’ to his academic profile, he is an project programme, Working Capital, experienced drama practitioner encompasses the approaches of the ‘My lifetime’s experiences, research, and and coach, with ‘acting to learn Arts, creative people, and the creative practice have been in theatre, linking and learning to act’ as a key feature sector, and applies these to the world of to democracy and education. And this of his workshop leadership, which business to develop stronger creativity triangle underpins my interest in the has helped to create a national and international reputation for and innovation in WBS teaching, nurturing and stimulus that drama can creating and delivering high quality pedagogic, professional learning, and research. bring to people’s development.’ and student training, education and development in the USA, Canada, Australia, Asia as well as the UK. Jonothan Neelands, our new Professor Through Working Capital, we will link of Creative Education, jointly leads this up the work of individuals at WBS to Jonothan has a close working and research relationship project with myself. His work includes a enable more collaboration and synergy, with the Royal Shakespeare Company, and has advised government on the identification and training of mantra of ‘acting to learn and learning and we will link up WBS itself with a exceptionally able and motivated young performers. He to act’, especially demonstrated in kaleidoscope of creative communities. is Research Consultant for the theatre industry’s National his coaching of both school drama Since August we have been inviting Council of Drama Training and a member of the RSC teachers and ensembles of professional faculty, staff, students, alumni, and Education Advisory Group. His research interests include actors. His commitment also to Open creative partner organisations to join Open-space Learning in Real World Contexts – the theory Space Learning (OSL) has helped our our new network to aid our new strategic and practice of drama and theatre education; models of undergraduates and participants on the thrust. cultural and creative learning; a pro-social pedagogy of arts education and artists’ work as reflective practitioners. Warwick MBA. launch event In November, we officially launched our new initiative in London at a very lively event. Some 40 people heard the Dean’s vision and passion for the Arts to become integral to WBS, and then explored the links between creativity, innovation, and business through a variety of guest speakers. The artist’s craft Internationally renowned painter Contrarily, he argued what does not case studies: the first explored an invention missing and sculptor Nasser Azam shared his transfer is: the market, until the potential consumer prompted insights about what, of an artist’s craft, • the insularity of the artist small but significant changes in the product’s could be transferred to business. An ex- • aesthetic judgement. design and use; the second was a striking story of Merchant Banker, Nasser has recently collaboration, with design process incorporating taken over and re-launched the Zahra Is design the link between creativity & users plus simple prototyping. Modern Art Foundries in London. innovation? w www.assam.com From his wide and pioneering Together we are stronger experiences at the Design Council, Chris Bilton is the Director of Warwick’s Centre for His stimulating list of possible transfers David Kester, as its CEO, proposed Cultural Studies, and author of Management and included: the wider application of design, not Creativity. Chris interestingly critiqued as myths a • observation – the learning and ideas only in product but also to service number of conventional ideas about creativity, artists that come to the artist from scrutiny and organisation; not only in business and executives, referencing Koestler’s ‘bi-association’, • striving for the highest achievement but also in public and not-for-profit arguing that the two different cultures of Art and • commitment – art must succeed enterprises. Business can spark a bigger idea by coming together, because of the cost of expensive and that an oscillation between idea-generation and materials and processes. David argued the power of design in two idea-implementation is the optimum process.
  • 11. nexus: spring 2011 creativity and innovation 11 I am convinced that engagement with the Arts is a way of nurturing the creative impulse that is within every one of our students in order to help them how is all this being applied at on and performing dramatised case studies. become outstanding WBS? Jonathan says, ‘OSL is experiential: it’s using a kind of play space, in which they have to business leaders. It’s Many of our faculty are exploring how do it’. Rachel adds ‘We give the students a different way of a toolbox to create, and then explore with to introduce creativity and innovative teaching into their students’ learning – them the language and terminology used in approaching business from undergraduate to doctoral level. We the module. We provide a chance for them to try things, to take a creative risk.’ and management also have a new writing programme being scoped to aid writing creatively, for academic Working across the University education. publication and study. We are also designing an innovative series of Expanding accounting interdisciplinary modules for undergraduates Professor Mark Taylor, Dean, WBS Louise Gracia, Director of our largest across the University. These will encompass undergraduate degree course, BSc in different subject areas but focus around Accounting & Finance, explains her single themes like decision-making with literature and accountancy project. ‘There Professor Nick Chater, or creativity. This the author in minute is a conception of accounting as a bounded, will give students a variety of perspectives objective (cognitive), professional regulatory and learning experiences, and encourage Grier more original and richer interpretations of or reporting practice with well-defined material and issues. Palmer rules and regulations giving rise to a single truth – ie ‘the true and fair view’. I have Grier leads the begun to use creative materials like poetry New partnerships Creativity and and texts to support students in challenging We are working with Alan Rivett, Director Innovation of Warwick Arts Centre (WAC), to explore initiatives as existing accounting knowledge and practice. Academic Through the written and spoken word we relationship opportunities with this Director, WBS are beginning to consider whether we can extraordinary facility, networked as he Teaching & find aspects/views of accounting that are says with, ‘vibrant... contemporary, often Learning. He is otherwise obscured.’ international artists’. WAC’s Chair, Professor the first Warwick Susan Bassnett , says it demonstrates, academic to gain A new type of case study ‘a University-wide commitment to the their Masters in importance of creativity to our well-being Higher Education Stephen Roper and I are leading an and, as well as teaching undergraduates and interdisciplinary project to generate new and that of contemporary society.’ supervising masters students and participants on types of cases for teaching and learning at the Warwick MBA, he develops PhDs as teachers, WBS, exploiting the research being done We will also be working with other partners trains executives, and coaches entrepreneurs. by WBS staff with doctoral researchers, and from the creative sectors and the Arts to help His research is pedagogic, including teaching participants on the Warwick MBA. We aim generate a creative atmosphere to stimulate with case studies, and explores how to develop innovation. students’ ‘critical creativity’. to help introduce new formats and media as well as a different kind of content in order to create more challenging studies, closer to the complex and dynamic situations executives how can you help? actually face. Our alumni have been very supportive and many have stepped forward to collaborate Taking creative risks including: Jonathan Heron of Fail Better Productions Simon M Wood, a movie entrepreneur w www.movie-zine.com and Rachel King, a Warwick PhD and gallery owners like Peter Quintana, w www.oc-eo.com researcher and drama practitioner/coach, and Olga Nefedova, w www.russianart4u.co.uk have been using OSL with our third year undergraduates to support and stimulate the Please do get in touch with us if you feel you would like to be involved. students’ creative criticality through working e alumni@wbs.ac.uk
  • 12. 12 nexus: spring 2011 creativity and innovation innovation capabilities in the emerging economies: toward a research agenda Professor Qing Wang introduces some of the capabilities of firms in emerging economies and suggests ways in which they will need to develop in order to meet the changing demands of the consumer. The historical reliance of emerging For more details contact economies on low cost production and low e qing.wang@wbs.ac.uk Professor of value-added economic development paths Marketing & Innovation, Associate Dean has created bottle necks for sustainable (Internationalisation), WBS. growth. Recognising this problem, emerging economies have stepped up the effort to Join the discussion online in February develop innovative capabilities – evidenced Qing will be online at by the rapid increase in the number of patent w www.wbs.ac.uk/jointhedebate from the filings by applicants from China. Between 1–5 February 2011. Come and swap ideas and 2005 and 2006, the number of filings from discuss the issues she raises in this article. China increased by 32.1 percent. The US is still the largest recipient of patent filings with • What do you see as the opportunities for a total of 425,966 filed in 2006, followed by firms in emerging economies to ‘leap Japan (408,674), and China (210,501). There frog’ the multi-nationals, particularly in has been an increase in the level of patenting technology and marketing? activity in other emerging countries such as India, Brazil, and Mexico, but, for these • What are the differences between the emerging countries, non-resident applicants type of innovative capabilities for firms accounted for the largest share of total competing at the lower and higher ends of filings in these countries, lagging behind the market? leading emerging economies like China in developing their innovative capabilities. • What are the roles of users, particularly those in the emerging markets, and their Historically, emerging economies such as A number of Chinese brands have emerged behaviours in the innovation adoption China have been developing their economy either through own development (Huawei, process? based on low cost production and processing Haier, Baido, China Mobile, ZTE) or merger trade. However, processing trade is greatly and acquisition of foreign brands (Lenovo, dependent on western countries to handle Volvo). The Chinese automobile industry’s the author in minute the upstream (R&D and innovation) and new target is to increase own-brand market downstream parts (marketing and sales) of share in the domestic passenger cars market Qing is Professor the supply chain. In 2009, China’s exports to 40 percent by 2013, and own-brand of Marketing and Associate Dean for exceeded US$1.19 trillion, of which 50 automobile exports to 10 percent. In the Internationalisation. percent was still classified as processing trade. context of stimulating domestic demand, She gained her PhD There are variations across sectors and firm the increase in the sales of own-brand cars at Warwick and was ownership; those sectors that are relatively in the domestic market will lead to quality a faculty member at sophisticated, such as electronic devices, improvement and innovations. Sussex before joining have particularly high foreign content (about WBS. She has also been 80 percent). Foreign-invested firms also To ensure this target is achieved, it is a Visiting Professor at universities including Duke, Tsinghua, and INSEAD. tend to have higher foreign content in their important that firms in the emerging exports than domestic. economies develop superior products Her research draws on psychology, innovation characterised by both technological and studies, and neuroscience to understand Many of the final products are sold under marketing superiority. These firms have consumer behaviour in the adoption of radical foreign brand names, even in such low-tech the huge comparative advantage of being new products; the co-evolution of consumer sectors as clothing. Nearly 200 Chinese closer to their large domestic market and learning and firm strategies; and the innovative capabilities and branding strategies of Chinese products are top of the list in the quantities their customers. To unleash this potential, high-tech firms. of production, but none is on the list of the these firms must combine their innovative world’s top 100 most valuable brands. 90 capabilities with a strong market orientation Qing is a Member of the Marketing Science percent of ‘Made in China’ products do not to reduce the risks of innovation and to meet Institute, and Director of MICE (Marketing, have their own brands. However, brands the changing demands of consumers in Innovation and Chinese Economy network). mean profitability; for example, 80 percent of the emerging markets, as their income and She has published in leading journals including Volkswagen profit comes from the Chinese standard of living increase and their needs Journal of Marketing Research, Journal of Product Innovation Management, and Research Policy. She market. GM makes US$145 on every car it become more sophisticated. There is clearly a is also Associate Editor for Journal of Research in sells in the US, but US$2,400 on every car it research agenda for academics in this area to Interactive Marketing and International Journal of sells in China. contribute to a better understanding of this China Marketing. process.
  • 13. nexus: spring 2011 creativity and innovation 13 innovation & the uk manufacturing industry Kevin Morley looks at how a concentration on specialised, innovative short-run manufacturing could be the answer to the UK’s current financial woes. Almost the entire focus of Chinese development capital stock, and this growth is manufacturing is on Long Run a continual curve. Manufacturing. If you want a million mobile phones a month, indeed, if you The motor industry is often used as the bell want a million of anything a month, go to weather of the health of manufacturing China. And this is likely to continue despite industry and indeed no self-respecting economic competitors claiming increased country that purports to be a leading force demand will lead to higher wages and a in the economic world would be without subsequent loss in price competitiveness. its motor industry. It is no surprise that the When I was on the Board of a company with BRIC countries have been playing catch up a factory producing electronics in Shinzhen with their own individual manufacturing Province and wage increases became an issue plants. As an example; China’s car industry because of increased demand for labour, we grew by over 60 percent in the last 12 simply moved production further inland to months and it is clear that even motor Guandong Province, where wages were much manufacturing will migrate Eastwards lower. China is so huge and populous that over time. It will then be left to the more this process can be repeated for decades. specialised and innovatory industries to provide the West’s manufacturing output. If this current recession has taught us So we in the West have to focus our nothing else, it’s that over-reliance on one manufacturing energies on the Short Run sector in the economy can be dangerous, end of the spectrum. This will involve the As the old proverb especially if that sector happens to be more specialised and therefore high end financial services. It’s no coincidence that manufacturing processes and must be led so accurately states, casinos also use the word ‘bank’ to describe by innovation. Many studies have shown the House. there is a strong and enduring link between innovate or die! innovation and productivity growth. The The current small but significant spurt seminal study by Solow found that nearly And with manufacturing employing about in growth in the UK economy is almost 90 percent of the increase in US labour 2.6 million people in the UK and accounting entirely down to one long-forgotten sector production in the twentieth century was for 13 percent or over £150 billion of our – manufacturing. Germany powered out of caused by innovation and technical change. National Economic Output, it is clear that it’s this recession simply because of its strong A recent study by Coe and Holpman an industry to be cherished and this has to be manufacturing base which shows the way for (1993) estimated that the elasticity of UK done by innovation and new technology. As the rest of the West, despite more and more manufacturing output is around 0.2 for the old proverb so accurately states, innovate manufacturing heading towards China. every 1 percent increase in research and or die! on the knowledge centre... the author in minute the digital future of manufacturing designing for the 21st century Kevin started his working Britain has been The use of tensioned fabric in architecture life with Ford and was head- hunted to Rover where he described as necessitates a collaboration between quickly climbed the ranks to a ‘knowledge engineers and designers from the become Managing Director economy’, but beginning. Professor Lewis has been and a member of the Board. is this an over- researching tensioned fabric structures, Having regained Rover’s profitability, he left to set simplification? co-ordinating the ‘Design for the 21st up his own marketing agency which became the Professor Lord Kumar Bhattacharyya, Century’ project and exhibition as a 6th largest in Europe before it was purchased by Director of WMG, believes that the collaboration between Warwick’s School Interpublic. importance of manufacturing has been of Engineering and the Courtauld overlooked in the UK and that the future of Institute in 2009. Since then, her research Kevin is Chairman of one PLC and Non-executive Director of two others, owns three marketing manufacturing lies in digital technology. has become focused on the potential of agencies, a five-star hotel, and has interests in a WMG’s Digital Lab has proven that rigid minimal forms. number of smaller companies. He continues to there are opportunities for British-based w tinyurl.com/3afwcky work as a consultant in marketing, and speaks manufacturing that need to be exploited, at events worldwide. He is Vice President of the British Dyslexia Association, and a Charter and that our universities have a crucial role Member of the Duke of Edinburgh Award to play. w tinyurl.com/38yof9y Scheme. Kevin is an Honorary Professor at Warwick Business School.
  • 14. 14 nexus: spring 2011 creativity and innovation the mind is flat: the illusion of depth in human behaviour Nick Chater A new Behavioural Science group at WBS, headed intrinsically interdisciplinary, lying at the nexus by Professor Nick Chater, has been formed to study of applied psychology, organisational behaviour, behavioural science and its applications in business, neuroscience, sociology, management science, the economy, and finance. Behavioural science is economics, and finance. a relatively new research and teaching field that is When we choose a car, vote, or make a moral whether the answer was (a) 0–1h, (b) 1h–2h, et al. 2005). Petter asks people to choose choice, we imagine ourselves driven by deep (c) 2h–3h, (d) 3h, (e) more than 3h. Your which of two faces they think is most motivations and desires. But one of the inner statistician should, of course, look attractive; and then by a conjuring trick, insights of modern behavioural science is deep within your experience, and select (a). presents the person with the face they didn’t that this feeling is almost entirely an illusion. But there is no inner statistician, peering choose saying ‘Tell me why you chose that Rather than consulting our ‘inner selves’, into your mental depths—indeed, there are one.’ This shocking thing is: (i) people don’t we are, rather desperately, attempting to no mental depths to peer into! Instead, with notice the switch; (ii) they are perfectly figure out, there and then, what we should either set of options, you actually think – happy to provide an explanation for the do and feel. Rather than drilling down into ’Help, I’ve no idea! I suppose I watch a bit choosing face B, a few seconds after actually some stable bedrock, we cook up a credible- less TV than the average person; and these choosing face A. sounding story about our behaviour, on the options probably cover the population at spot. large. So perhaps I’m a (c).’ And you do this What does this mean for running a both times. Even though the answers are corporation? Don’t try to look deep inside Let’s take an example. Suppose I ask how wildly inconsistent. your customers, or your employees, or much TV you watch each night. I might yourself. Do focus on the moment-by- give you options such as (a) 0–15 mins, This phenomenon, prospect relativity moment processes of buying, working or (b) 15–30 mins, (c) 30–45 mins, (d) 45–60 (Stewart, et al., 2003), is ubiquitous. Perhaps living that people find rewarding, and create mins, (e) more than 60 mins. Suppose you it doesn’t matter much whether I know how more of them. consult your ‘inner statistician’ and select much TV I watch. But the same problem (c). Now, I might, though, have asked you arises everywhere. We can be induced, Johansson, Petter; Lars Hall, Sverker Sikström, A. Olsson (2005). ‘Failure to Detect Mismatches Between by similar trickery, to favour wildly risky Intention and Outcome in a Simple Decision Task’. investments (if the others are even riskier) or on the knowledge centre... stodgily safe ones; to favour fuel efficiency Science, 310, 116–119. over performance in a new car, or the reverse; Stewart, N., Chater, N., Stott, H. P., & Reimers, S. emotional prosperity to focus on quality, or price, when in the (2003). Prospect relativity: How choice options It is the desire influence decision under risk. Journal of Experimental supermarket. There is no point trying to Psychology: General, 132, 23-46. to increase GDP figure out what I really want, and providing that informs it – I don’t know what I want myself. the economical the author in minute decisions of Western There are limits to our flexibility and countries. Professor confusion. As I mentioned, one way we cook up stories about what we want is by Nick Chater joined WBS Andrew Oswald however, argues that it in 2010, after holding is time to change our way of thinking. considering what we normally do. If I usually chairs in psychology at Global warming and diminishing natural buy quality audio equipment, I have some Warwick and then at UCL. resources means that is now necessary to evidence that this matters to me – so I’d He has over 200 hundred create fewer products rather than more, better do when next in the store. I’m like publications to his name, an author flicking back in my manuscript has won four national and the evidence is also stacking up to awards for psychological to remember a character’s hair colour; to be prove that old suspicion correct – perhaps research, and has served consistent, I have to check what I like and more money doesn’t make people (or feel, and stick with it. as Associate Editor for the countries) happier after all. journals Cognitive Science, Psychological Review, and Psychological Science. He was elected a Fellow w tinyurl.com/3alm8zb Experiments on choice blindness by my of the Cognitive Science Society in 2010. collaborator Petter Johansson show this process in operation very neatly (Johansson
  • 15. nexus: spring 2011 creativity and innovation 15 the role of innovation & creativity in building resilient organisations Dr Bridgette Sullivan-Taylor and Dr Layla Branicki summarise some of the current research emanating from the Strategy, Organisational Learning & Resilience research unit. flexibility to cope with extreme Social networking technologies threats and events is a key Layla’s new two-year inter-institutional theme in SOLAR research. project combines qualitative and quantitative approaches to examine the Strategic capabilities impact of technological innovations, such Bridgette’s project was the first as social networking technologies, upon to examine the state of play of emergency management. It looks to explore UK organisational resilience, smarter and more creative solutions for city and initial findings have wide evacuation. reaching consequences not Contact e Layla.Branicki@wbs.ac.uk only for those organisations operating in high risk contexts Organisational learning but for all organisations A new PhD project which explores how operating within the UK public companies have managed during times of Private, public, and voluntary organisations and private sector context. crisis. Gareth’s research focuses on how are facing significant challenges as the real companies learn and whether, during impact of the global financial crisis and This research investigates intra- and inter times of extreme events, companies learn government retrenchment are felt. Findings organisational relationships and challenges more efficiently when working with from the Strategy, Organisational Learning traditional business continuity approaches direct government input (public private & Resilience (SOLAR) research unit, a leader to planning and preparedness which is partnership-style) or if they are more in the field of organisational resilience, predicated upon individual organisations efficient when operating independently. highlight how organisations can create operating in isolation and one size fits all Contact e Gareth.Owen@warwick.ac.uk capabilities to better respond to adverse and organisation solutions to managing extreme austere conditions. events. Instead our research highlights SOLAR research themes remain timely and the need for strategic decision-makers its research activities continue to attract The contemporary relevance of the research to think creatively about the resources academic, government, and industry is reflected in an expanding portfolio of high and capabilities across critical national support. It is only through academia, impact projects. In 2010, Sullivan-Taylor and infrastructure and international supply industry, and government working creatively Branicki disseminated research findings to chains. together that innovative solutions can be a wide range of practitioner (AIRMIC, Bank found to the problems challenging a post of England, BCM World, IPT) and academic This includes the use of creative scenarios financial crisis landscape. audiences (SMS, EGOS). New SOLAR using ‘Lego Serious Play’ to map out the Research Associates also include Steyer, strategic landscape as well as potential Stephenson, Cohen, Von Schwanewede, and dependencies and inhibitors to achieving on the knowledge centre... Stolz. overall resilience. risky business The exploration of strategy, in terms of To engage further with strategy in The 21st century both human behaviour and organisational practice, an Advisory Board has been set has been a time processes, has become increasingly pertinent up with senior corporate and government fraught with not only to the UK’s recovery from extreme representatives, chaired by a member of the concerns about financial shocks but also to the potential House of Lords. safety, from impact and increasing frequency of events the micro level ranging from terrorists acts to severe weather Contact of identity theft and credit card fraud events. The need for creative solutions and e Bridgette.Sullivan-Taylor@wbs.ac.uk to the threat of terrorism at the macro level. Dr Bridgette Sullivan-Taylor has For more information SOLAR events for 2011 recently completed a Leverhulme Trust on SOLAR research and • Organisational Resilience Project: policy and practice funded research project that examined activities see the SOLAR impact events, hosted by partner organisations, Summer. the intricate relationships between web site or contact Dr • Secure Outcomes Breakfast Series: organised jointly by international tourism and terrorism, Bridgette Sullivan-Taylor, SOLAR, the Industry & Parliamentary Trust (IPT), and the and looked at how managers in the Director, Solar University of Warwick, held at Westminster, Jan-June. travel and tourism sector cope with the w www.wbs.ac.uk/go/solar • Security Conference, June, Westminster uncertainties caused by the terrorist Contact Bridgette or Gareth for further information. threat. w tinyurl.com/356aao3
  • 16. 16 personal & career development take control of your personal brand If you’re serious about your Stride 3: Dress like you mean it career, you need to take control Style and grooming are the packaging of your brand. Do you present yourself in a way that invites trust and credibility? Your of your ‘Brand Me’. dress should be an extension of your personality and brand. We all have a personal brand; it’s just like a corporate or product brand. It’s how Stride 4: Silent indicators ‘Body Talk’ speaks volumes. A genuine smile, a good handshake you make others feel about you, what and positive eye contact are essential – you will be judged on people say about you, and the words they them so take time to get them right. use to describe you. We don’t always cultivate our brand image though. It’s often Stride 5: Speak easy left to chance. But, the impact of considered branding cannot What does your voice convey about your brand? Have you be underestimated –just look at the success of brands like David listened to your voicemail message, to hear how professional Beckham, Apple, Coca Cola, and even the Queen. you sound? Don’t underestimate the power and influence of your voice. Take control of your brand with these essential tips, 7 Big Strides to Walking TALL®, from personal branding Stride 6: Be interested & visible Being genuinely interested in others will make you more expert Lesley Everett. interesting, and more memorable. Stride 1: Who you really are How visible are you? Do people know you or do others have to Uncover your personality, values, individuality and your unique describe you in detail for people to know who you selling points. We often lose track of our identity in a busy are? Having a great brand is not enough; you business world and when we’re focused on career progression. need to manage your visibility to project it. It’s important to get feedback from others on how they see you It’s not always about seeing people face to – analyse appraisals and personal development plans. face; you can be visible in other ways. Think about your profile online and how you interact and Ask others around you for three words to describe you. Do these contribute your expertise. correlate to how you see yourself? Are you happy with them? This collection of perceptions from others is your brand, so Stride 7: Each time, all the time make sure you manage them. Consistency is crucial. For any brand to be 100 percent successful, it has to be 100 percent consistent. Stride 2: The first seven seconds It takes just seven seconds for people to judge us. Lesley Everett is author of Walking TALL – key steps to total image impact and founder of Walking Tall – The Personal Branding How often do people get the wrong Company. w www.walkingtall.org impression? There are three steps to a first Special offer impression: 1 What you look like Access over two hours of unique video 2 What you sound like training from Lesley, separated into 12 3 What you say modules and delivered to your inbox over four weeks via the 8.45 Club, for the discounted First we take in non-verbal communication, then we assess rate of £27 (normal price £47) vocal quality, and finally we hook into content if we like what we To purchase, login to your Alumni website, click see and how we hear it. First impressions are incredibly powerful on the careers link under Develop and click on in defining how we feel about ‘Buy Services Online’. somebody.