Bain Capital Executive Explores Leadership in China

Jonathan Zhu knows what it takes to make it in the world of finance. The former CEO of
ZHU_JONATHAN_JIA_LEFT_LARGE_HIGH_RES_001Morgan Stanley China currently leads Bain Capital’s investments in Asia and serves as the organization’s managing director.

He recently spoke at the Duke-Caixin Global Leadership Forum. He discussed the qualities of leadership and what it takes to succeed in China.

Zhu elaborates on these topics and more in the following Q&A.

Q) What are the key qualities to being an effective leader?

When I think about leadership, I think an effective leader must be able to do three things.

First of all, an effective leader must be able to set the right strategic goals.

Second, an effective leader must be able to build an effective organization, because in this day and age, there is very little you can accomplish by yourself.

And the third is an effective leader must be able to execute and have his team execute business objectives.

(more…)

CFO Survey: Public Distrust, Threat of Severe Russian Sanctions Impacting Global Economy

Public mistrust of business and political leaders is hurting the business environment in Asia, according to the most recent Duke University/CFO Magazine Global Business Outlook Survey.

Of Chief Financial Officers surveyed in Asia, 71 percent said lack of public trust is a serious issue and is a drag on the economy.

“Public distrust inhibits the economy from reaching its full potential,” said John Graham, a finance professor at Duke’s Fuqua School of Business and director of the survey. “Mistrust can reduce growth and it causes companies to devote time and resources to counteract mistrust’s negative effects.”

Asian CFOs are also concerned about the impact of sanctions on Russia. In Asia (excluding Japan), 51 percent of CFOs said stepped-up sanctions would have a negative to a severely negative effect on their businesses. In Japan alone, CFOs are even more concerned; 82 percent of CFOs there said the same.

In China, the numbers are a little better than in the entire region, but many CFOs still say the sanctions are a cause for concern.

(more…)

LP Amina Founder Will Latta On Leadership

Will Latta, a Weekend Executive MBA ’02 graduate, is at the forefront of clean energy. He is the founder and CEO of LP Amina, an environmental engineering company with focus on sustainable power that operates both in the United States and China.

Latta, a member of the Fuqua East Asia Regional Advisory Board, recently spoke at the Duke-Caixin Global Leadership Forum and discusses leadership, operating in China and the importance of being open-minded in this Fuqua Q&A video.

CLICK BELOW FOR YOUTUBE VIDEO

(more…)

IDEO Brings Design Thinking To Fuqua

IDEO

Aycan, left, and Misono, right, of IDEO talk to Christine Moorman’s Marketing Strategy Class

IDEO — the company that created the first mouse for Apple back in 1980 — has such high-profile clients as Samsung and Sony, and offices in Shanghai, Singapore and Tokyo. They are considered by some to be THE go-to company for creative design thinking.

They recently came to Duke University’s Fuqua School of Business to address professor Christine Moorman’s Marketing Strategy Class.

Read more

What is Bitcoin?

The controversial cryptocurrency bitcoin is starting to gain wider acceptance in some parts of the international economy, but it has faced many setbacks and challenges in Asia.

In 2013, the Chinese government banned financial companies from dealing in bitcoin transactions. Recently, the People’s Bank of China announced it is temporarily banning Quick Response (QR) code scans for mobile bitcoin payment.

Meanwhile, the biggest blow to bitcoin happened in Japan when Mt. Gox, one of the largest Bitcoin exchanges, collapsed, threatening the bitcoin collections of many investors.

The failure led some skeptics to question the viability of the cryptocurrency.

Duke University Fuqua School of Business professor Campbell Harvey discusses the basics of how the currency works, security concerns, and the future of bitcoin in the following video series.

WATCH PROFESSOR CAMPBELL HARVEY EXPLAIN BITCOIN

(more…)