In today’s rapidly changing business environment, multinational companies must be agile, resilient, flexible, and adaptable. The digitization of the global economy, for example, is transforming core business practices everywhere—from supply chain management to ever-evolving consumer preference behaviors and experiences to retraining and recruiting top talent. How are companies meeting these formidable changes that challenge today’s fundamental business models? What might the next century of global business look like?
Managing for the long term raises a number of pressing issues that business leaders of today need to address:
- What has changed for multinational companies that requires a substantially different strategic approach to global expansion? Is it the anemic global economy? Changing competition? Changing business models? Changing technologies?
- If multinationals were starting from scratch today, how would they build their global presences? Would it be different?
- Is legacy presence an advantage, or can it be a disadvantage?
- How are organizational structures and corporate cultures changing or evolving?
Business schools' next generation of MBAs must be empowered to address these challenges and to make a difference, globally and across sectors and industries. This panel will include experts from the industry and the Columbia Business School faculty to discuss perspectives and solutions to these four challenges.
- Robert M. Bakish ’89, President and CEO, Viacom International Media Networks
- Fred Hu, Founding Partner, Primavera Capital Group
- Ann Kaplan ’77, Partner, Circle Wealth Management
- Surya N. Mohapatra, Ph.D., Executive-in-Residence, Columbia Business School
- Moderator: Wei Jiang, Arthur F. Burns Professor of Free and Competitive Enterprise; Director of the Jerome A. Chazen Institute of International Business at Columbia Business School
Robert M. Bakish is the president and CEO of Viacom International Media Networks. In this role, which he assumed in January 2011, Mr. Bakish is responsible for all Viacom Media Network operations outside the United States, delivering content to 630 million households in 162 countries and 33 languages. Viacom Media Network’s multimedia brands include MTV, BET, Nickelodeon, Comedy Central, VH1, VIVA, TMF (The Music Factory), Game One, and Paramount Pictures. In addition, Mr. Bakish is chairman of the board of the company’s joint venture with India, Viacom 18, and serves on the boards of Viacom’s joint ventures with BSkyB and Telecom Italia Media, as well as on the board of Avid Technology Inc.
Previously, Mr. Bakish was president of MTV Networks International, running operations outside the United States. Prior to that he was EVP of operations and Viacom Enterprises, where he played a key role in the separation of Viacom and CBS. Mr. Bakish also led Viacom’s cross-divisional marketing council. He served as EVP and COO of advertising sales at MTV Networks and was chairman of the Cable Television Advertising Bureau from 2003 to 2005. Prior to joining MTV Networks, Mr. Bakish was SVP of planning, development, and technology at Viacom. Before joining Viacom in February 1997, Mr. Bakish was a partner with Booz Allen Hamilton in its media and entertainment practice, working extensively with clients in the television, motion picture, book publishing, and new media industries across the globe. Previously, Mr. Bakish worked at AT&T in its network systems area.
Mr. Bakish received his bachelor of science in operations research from Columbia University’s School of Engineering and Applied Science (SEAS) in 1985, and currently serves on the SEAS Board of Visitors. He earned his MBA from Columbia Business School in 1989, where in addition to being a member of the Board of Overseers, he is an active participant in the School’s Media Forum. Mr. Bakish is based in New York.
Fred is the founding partner of Primavera Capital Group. Prior to founding the company, Fred was a partner and chairman of Greater China at Goldman Sachs, where he was instrumental in building the firm's franchise in the region. He led some of the largest and most significant transactions in the firm's history, and served on the Goldman Sachs Partnership Committee, the Global IBS Leadership Group, the Pine Street-Goldman Sachs University Board, and the firmwide Culture, Diversity and Leadership Committee.
Fred is a respected economist whose main areas of research interest include macroeconomics, international finance, and capital markets. He served at the International Monetary Fund, and he has advised the Chinese government on financial reform, SOE restructuring, and macroeconomic policies. Fred also sits on the Hong Kong Government's Strategic Development Committee and the Advisory Committee for the Hong Kong Securities and Futures Commission.
In addition to holding several corporate directorships, Fred is chairman of the Nature Conservancy's China Board, a trustee of the Yale-China Association, a director of the China Medical Board, and a member of the advisory committees for the Harvard China Fund, the Stanford Center for International Development, and the Jerome A. Chazen Institute of International Business at Columbia Business School. Fred is also a co-director of the National Center for Economic Research at Tsinghua University.
Fred holds a master's degree in engineering science from Tsinghua University, and a master's and PhD in economics from Harvard University.
Ann Kaplan is a partner of Circle Wealth Management, an investment advisory firm, and is the chair of Circle Financial Group, a wealth management membership organization.
Ms. Kaplan was previously a general partner of Goldman, Sachs & Co., where she served as the head of the municipal bond department. During her last three years at the firm, she was a member of the Asset Management Division focusing on wealth management.
Ann serves as a board member of the Goldman Sachs Bank USA and LearnVest. She also serves on the boards of Columbia University, the Museum of Arts & Design, the Economic Club of New York, and the Women’s Forum. She is a member of the Council on Foreign Relations.
Ms. Kaplan holds a BA in government from Smith College and an MSW and MBA from Columbia University.
Surya Mohapatra is an executive-in-residence at Columbia Business School. He is the former chairman, president and chief executive officer of Quest Diagnostics Incorporated, the world's leading provider of diagnostic testing, information, and services. He is also chairman of HCL Healthcare Pvt. Ltd. in India. Dr. Mohapatra is among a select group of India-born Fortune 500 chief executives and has held senior leadership positions in the healthcare industry for more than 30 years. He has been a strong advocate of patient empowerment and accountability to improve healthcare and reduce costs.
Dr. Mohapatra joined Quest Diagnostics in February 1999 as SVP and COO. He was appointed president in June 1999 and was elected to the company's board of directors in October 2002. In May 2004, he was appointed CEO and was named chairman of the board of directors in December of that year. He is a member of the board of directors of XYLEM Inc. and a trustee of Rockefeller University. In addition, Dr. Mohapatra was a member of the Center for Strategic International Studies Commission on Smart Global Health Policy and has participated in the World Economic Forum, Davos, on healthcare topics. Prior to joining Quest Diagnostics, he served as SVP and a member of the executive committee of GEC-Picker International, now part of Phillips Medical Systems, where he played an important role in the design, manufacture, and commercialization of Magnetic Resonance Imaging.
Dr. Mohapatra holds a BS in electrical engineering from Regional Engineering College (now the National Institute of Technology), in Rourkela, India, and Sambalpur University, India; a master of science in medical electronics, from the University of Salford, England; and a doctorate in medical physics from University of London and the Royal College of Surgeons of England. He is the author of several publications and patents, including the book Non Invasive Cardiovascular Monitoring by Electrical Impedance Technique. His areas of interest are non-invasive patient monitoring, diagnostic imaging, diagnostic testing, global health and information technology.
Wei Jiang is the Arthur F. Burns Professor of Free and Competitive Enterprise in the Finance and Economics Division, and the director of Jerome A. Chazen Institute of International Business at Columbia Business School. Jiang received her BA and MA in international economics from Fudan University (China) and PhD in economics from the University of Chicago in 2001, after which she joined Columbia Business School. She has since taught in the Master, MBA, or EMBA programs at Chicago, Columbia, Wharton, and Berkeley. She was an investment banking associate at Prudential Securities (Shanghai) before pursuing her PhD degree.
Professor Jiang's main research interest lies in the strategies of institutional investors (such as hedge funds and mutual funds) and their role in corporate decisions and financial markets. Her research has been published in top academic journals as well as featured in major media, including the Wall Street Journal, Economist, Institutional Investors, Money, Fortune, Business Week, New York Times, and Financial Times. She received the Smith-Breeden Distinguished Paper Prize from the Journal of Finance, multiple best paper prizes from the Western Finance Association, Chicago Quantitative Alliance, UK Inquire, the Q-Group, and the Wharton School Terker Family Prize in Investment Research. She is currently an associate editor at the Journal of Finance and Review of Financial Studies, and a senior fellow at the Program on Corporate Governance at Harvard Law School.
Professor Jiang has taught various courses in corporate finance since 2005 and is a five-time recipient of teaching excellence awards at Columbia Business School since 2005. Most recently she was voted by the Class of 2013 MBA students to receive the Singhvi Prize for Scholarship, awarded to a full-time faculty member for his or her dedication to teaching and the ability to communicate knowledge.