2011 World Economic Forum (WEF) Annual Meeting of the New Champions (AMNC)
Deloitte and Talents Magazine co-host special breakfast roundtable
Under the theme "Mastering quality growth", the 2011 World Economic Forum (WEF) Annual Meeting of the New Champions (AMNC) was held from 14 - 16 September in Dalian, China.
Deloitte, as a strategic partner of WEF, co-hosted a special breakfast roundtable entitled "A new round of growth and the strategic transformation of enterprises in China" with Talents Magazine on 15 September and was a panelist at the session "Nurturing top talent" on 16 September.
Influential stakeholders from different countries and regions gathered at this year's WEF to gain a strategic foresight on key economic, industry and technological developments that are reshaping consumer behaviour, business models and financial markets. Complexity, interconnectivity and sustainability are emerging as the dominant new realities of the 21st century. A consequence of these realities for industry leaders and policy-makers is the rebalancing of the global economy, which in turn requires recognition of both the qualitative and quantitative measures of growth. This year’s Summer Davos featured an intensive and interactive three-day program to explore these themes in depth.
A delegation comprising senior leaders from Deloitte Global, Asia Pacific and China attended to share with the fellow attendees their insight on these key issues.
Breakfast roundtable: A new round of growth and the strategic transformation of enterprises in China
Co-hosted by: Tim Hanley, Global Manufacturing Industry Leader, Deloitte, James Chen, Clients & Markets Managing Partner, Deloitte China, and Ms. Fion Song, President, Talents Magazine
2011 marks the beginning of China's 12th Five Year Plan and the 10th anniversary of China's entry into WTO. China is facing a new economic landscape, and top leaders are calling for a new economic growth pattern where qualitative measures will be balanced with quantitative measures.
The new dynamics are creating profound changes in China's business environment. Enterprises need to understand both the challenges and opportunities presented by the new realities and rethink their strategies accordingly.
Under the umbrella of “inclusive development,” China seeks slower growth but higher quality growth to control inflation, moderate market bubbles, and establish a long-term sustainable model. While transformation is inevitable, what will be the right path? What do enterprises need to do and what areas should they focus on, in order to ensure successful navigation of the changing landscape?
Panel discussion: "Nurturing top talent"
Discussion leaders: Andrea Illy, Chairman and CEO, illycaffè, Italy, Chaly Mah, CEO, Asia Pacific, Deloitte Singapore, Keshav Murugesh, Group CEO, WNS (Holdings), India, Michel Vounatsos, Senior Vice-President, Merck & Co, China
Moderator: Darryl Green, President, Asia Pacific and Middle East, ManpowerGroup, Singapore
How do companies identify and nurture the next generation of leaders in their organizations? This panel addressed the following four dimensions including recruitment, fast-track programmes, mentorship and executive education.