1. Innovation and Competitiveness: Creating the Future Soumitra Dutta Roland Berger Professor of Business and Technology Dean of External Relations INSEAD

2. Three Questions What is the opportunity? How to win in the innovation game? How to achieve the impossible?

3. What is the opportunity? A period of significant uncertainty and fear and a time of questions about role of business in society However, also a great time to rethink business and competitiveness Now is the time to be bold in action The first step is to be able to ask the right questions

4. How to win in the innovation game? Multiple aspects, but most important is “talented people” Develop your own – create world class universities Attract the best – make them “feel at home” Leverage diversity - while strengthening identity

5. How to achieve the impossible? Innovation is horizontal – be creative (“a la Obama”) “Good is the enemy of great” – banish satisfactory underperformance Be inspired – and help to inspire the young Be passionate – for a greater cause

7. Thank you! soumitra.dutta@insead.edu