Under the patronage of His Majesty The Custodian of the Two Holy Mosques King Abdullah Bin Abdulaziz Al SaudChairman of the Supreme Economic Council

GCF History7GCF 2012 Executive Summary19Table of Contents Session HighlightsEntrepreneurship Village and Portal2971GCF 2012 Speakers 73GCF 2012 Sponsors and Media 83PartnersGCF 2012 Gallery91 GCF HistoryProfessor Michael PorterBishop William Lawrence University Professor,Harvard Business School 2007Knowledge-Powered Economy 1stGCF Informationand Communication As an industry at the forefront of Technology (ICT) as an Enabler for change, Saudi leaders identified Competitiveness was the theme and implemented a bold program of addressed at the first ever Global economic reforms and have encouraged Competitiveness Forum held in 2006.the creation of a highly active, The forum explored the impact ICT caninnovative and competitive private have on competitiveness and how to sector. The keynote speech entitled harness that impact to its full potential. ICT as an Enabler of Competitivenesswas presented by Bill Gates, Chairman Participants concluded that ICT wasof the Microsoft Corporation and was a critical tool from which to build afollowed by presentations, and panel knowledge-based society with a highlydiscussions based on the National productive population and economyCompetitiveness Agenda and ICT as driven by knowledge-based assets,an enabler in achieving Saudis 10x10 skills and innovation, as opposed to oneprogram. based on just natural resources or labor advantages. 2008Global Growth Engine2nd GCFThesecondannualGlobalbenefit of competitiveness and toSpeakers included Professor MichaelCompetitiveness Forum was expanded position competitiveness as a key global Porter from Harvard University, Johnin both scope and size to provide achallenge. Chambers, Chairman and CEO of Cisco,high-profile and global perspective and Professor Stephane Garelli, Director The GCF attracted internationallyoncompetitiveness that wouldof the IMD World Competitiveness recognized leaders to speak andsimultaneously increase the visibilityCenter. participate and included subthemesof the Kingdoms efforts and further ranging fromeducation todevelop the GCF platform. The event was entrepreneurship, infrastructure todesigned to be a premier gathering of innovation and much more. Sessionsglobal thought leaders and innovators, were designed around various aspectswho would then go on to participate at of competitiveness to create thethe World Economic Forum in Davos. appropriate platform for discussionWith the theme of Competitiveness asby experts, corporate leaders, politicalan Engine for Economic Growth, it aimed leaders, NGOs, academics and otherto draw attention to the macroeconomic stakeholders. 2009Delivering World-Class Value3rd GCFThe third annual Global Competitiveness At a time when financial distress had contribution to shared prosperity.Forum followed on from and improved erased trillions of dollars in asset valueTo answer these questions, the worldsupon the first and second forums, worldwide, the Global Competitivenesspremier gathering on competitivenessand convened as the global economyForums first speech by Carlos Ghosn,challenges was joined by eminent leaders,appeared to fall over a precipice inNissans President and CEO, declared:executives, intellectuals and OlympicJanuary 2009. Value creation is what responsibleathletes with visionary perspectives oncompetitiveness is all about. For nations,The conferences theme, Responsiblehow to link the competitiveness agendaas for enterprises, competitivenessCompetitiveness, provided in manywith a far-reaching concern for socialis about delivering world-class valueways a summary of and a productiveresponsibility. The insights that emergedto customers, to employees and toapproach to the challenges ahead. were powerful, and proceedings of theinvestors. Yet, as the economic crisis2009 GCF informed an open letter toHow could irresponsible managementunfolding in early 2009 made clear, tothe leaders of the G20 member nationshave led world markets in credit, inbe meaningful, competition needed tocalling for an aggressive, coordinatedhousing, in energy, in crops so badly proceed on a responsible footing.response.astray, and how could responsibility beIn areas ranging from carbon to credit,restored? How could governments andGCF panelists agreed that apparentlythe private sector tackle multi-facetedprofitable global markets had ofteneconomic problems without stallingdestroyed rather than created valuethe drive for competitiveness andand explored ways of restoring theirshared prosperity? 2010Sustainable Competitiveness 4thGCF The fourth annual Global Competitiveness concern with sustainability and socialsystems with which it is intertwined. In Forum convened as the global economy responsibility. The insights that emerged addition to tackling issues of sustainable appeared to be recovering from one of thewere a testament to the growth andcompetitiveness, the fourth annual greatest economic challenges of our time.global scale of the GCF 2010. GCF hosted a number of events that The conferences theme, Sustainable The Forum featured speeches fromcreated networking opportunities and Competitiveness,summarizedthe business leaders, including GEs Jeffreydrove international media attention. On outcomes of the recession and provided Immelt, Ciscos John Chambers, Michaelevery evening during the Forum, SAGIA a productive approach to the challengesDell, and Paul Polman of Unilever. Saudihosted a gala dinner that featured one ahead. How could management preventleaders H.E. Dr. Ibrahim Al Assaf and H.E.of its initiatives. The initiatives at the a future crisis? Did governments react Dr. Mohammad Al-Jasser brought theForum were the second annual Saudi appropriately? How could we move Saudi perspective on the global crisis. Fast Growth 100, the Michael Porter forward by increasing regulation toFinally, the Forum was closed by JeffreyPrize and the Saudi Arabian Responsible prevent another crisis, while ensuring Immelt, who discussed a number of Competitiveness Index, as well as the regulation did not stifle competitiveness? specific recommendations on remaining launch of the CEO 100. Additionally, To answer these questions, the worlds sustainably competitive, both for there were daily book signings that premier gathering on competitiveness companies and nations.featured many of the speakers at the challenges was joined by global leaders, Forum, as well as an art exhibition thatThe key takeaway from the Forum was executives and intellectuals withput the spotlight on Saudi artists. Finally,that to deliver sustainable prosperity, visionary perspectives on how to link thethere were special media sessions withcapitalism must be attentive to the social, competitiveness agenda to a far-reaching Bloomberg and CNN filmed at the Forum.environmental, political and financial 2011Innovation5th GCFThe fifth annual Global Competitiveness keynote speech by Bill Clinton, FounderiPads and harnessing the power of socialForum heralded the celebration of bothof the William J. Clinton Foundation and media outlets like Twitter and Facebookthe fifth year anniversary as well as 42nd President of the United States. for the latest GCF news and commentary.the completion of the 10x10 program. More than any previous GCF, the worldThe Forums opening ceremony wasWith the theme of Innovation as was introduced to the GCF throughpresided over by H.R.H. Prince Nayefa Means of Competitiveness, the the almost 20 leading media partnersBin Abdulaziz Al Saud, Second Deputyconference dug into the key elements including CNN and Financial Times.Prime Minister of Saudi Arabia, withof the competitiveness agenda andvarious ministers also in attendance In addition, the GCF celebrated thethe role innovation plays, drawingincluding H.R.H. Minister of Municipal various initiatives and announcedupon the expertise and knowledge ofand Rural Affairs, Prince Mansour Binwinners for the RCI, SFG, FDI, Oxford andsome of the worlds brightest and mostMiteb, Minister of Justice, Mohammed the newest MCY, the Most Competitiveaccomplished figures. Sessions focusedAl-Issa, Minister of Petroleum and Youth Initiative which focuses onon sector-specific innovation as well asMineral Resources, Ali Al-Naimi, Ministerdeveloping the new leaders of tomorrow.topics such as the worlds food supply,of Commerce and Industry, AbdullahUFOs, Cities of the Future and more.Zainal Alireza and Minister of Labor, AdelThe 10x10 program was celebrated with Fakieh, amongst many more.a dedicated panel discussion on thethird day with a distinguished panel of The Forum was the first e-forum of itsspeakers. This was followed by a surprise kind, using the latest technology via I wouldnt have come here if I was not optimistic.GCF 2012 Executive SummaryH.R.H. Prince Turki Al-FaisalChairman, Board of Directors,King Faisal Centre for Research and Islamic Studies 2012 6thGCF GCF 2012 now more important than ever and were Unilevers Paul Polman, Gallups Jim Clifton, 3Ms Georgehow can it be financed? What is theBuckley, Aramexs Fadi Ghandour; Michael Porter, the Bishop For the past six years, the Global relationship between a competitive William Lawrence University Professor at Harvard Business Competitiveness Forum has been societyand an entrepreneurialSchool; Jean Chretien, former Prime Minister of Canada and successfully probing different areas ofone? What are the distinguishing Un-Chan Chung, former Prime Minister of South Korea. the global competitiveness agenda. The characteristics of an entrepreneur and sixth annual conference convened as In addition, many Saudi leaders and ministers attended thehow important is failure? How can we the global economy has been strugglingForum. H.E. Dr. Tawfiq Al-Rabiah, Minister of Commerce andfoster entrepreneurship in the public to recover from the financial crisesIndustry, emphasized on the importance of improving thesector? and create more jobs. The conferencesquality of life and creating jobs in Saudi Arabia while H.R.H. theme was The EntrepreneurshipThe worlds premier gathering on Prince Turki Al Faisal, Chairman of the King Faisal Center for Imperative and it highlighted the power competitiveness challenges brought Research and Islamic Studies, focused in his keynote speech on of entrepreneurship as an engine of jobtogether more than 100 speakersthe key regulatory challenges facing the financial sector andincluding eminent leaders, executivesgovernments. H.E. Adel Fakieh, Minister of Labor, outlined a growth and economic growth in Saudiand intellectuals in order to answer these reform agenda for the countrys labor force and H.R.H. Prince Arabia and the broader global economy.questions. Their thoughts and ideasFaisal bin Abdullah, Minister of Education, reviewed recent The Forum touched upon all forms were presented and debated through initiatives to improve Saudi Arabias educational system. of entrepreneurship and sought tomore than 30 panels and speeches with address the various challenges facingmore than two thousand attending the entrepreneurs. Why is entrepreneurship three-day Forum. Some of the speakers Opening Ceremony Riyadh, Saudi Arabia. The 6th annual Global the importance of entrepreneurship and its Competitiveness Forum (GCF) was launchedrelevance to competitiveness. In addition, he with The Entrepreneurship Imperative as its noted that there will be more than 100 speakers, theme with H.E. Dr. Tawfiq Al-Rabiah, Minister of with 35 panels and around 2000 attendees. Commerce & Industry, delivering a message on Throughout the presentation, videos were behalf of the Custodian of the Two Holy Mosques shown of the past five GCFs and the initiatives emphasizing the importance of improving the that were developed from those forums such quality of life and creating jobs in Saudi Arabia as the Responsible Competitiveness Index and through sustainable economic development. Saudi Fast Growth 100. Saudi Arabias current position as a globally recognized place to do business is illustrated by The ceremony concluded with awards given to the World Bank Groups Doing Business reportthe GCF Competitiveness Partners, Strategic ranking of 13 globally and the World Economic Partners, Sponsors and Media Partners. Forums Global Competitiveness Index ranking of 17. Mr. Fahd Hamidaddin, Head of Marketing and Competitiveness Initiatives at SAGIA, explained how Saudi Arabia has attracted large amounts of foreign direct investment in recent years and mentioned that the GCF has come to resemble the Davos of Middle East. Mr. Abdulla Al- Uzaib, the GCFs Chief Executive, highlighted AgendaDay 1Welcoming & Networking Keynote Speech George Buckley, CEO, 3MPanel SessionSaudi Responsible Competitiveness IndexPanel SessionEntrepreneurs must have a dream January 22nd Panel Session The Entrepreneurship ImperativeGeneration C - Click, Connect, Communicate, Collaborateand must act on it to unleash creative energy, overcome challenges and think2012 Panel Session The Coming Jobs War Panel Session The Anatomy of an EntrepreneurPanel SessionArtrepreneurs: Creating BusinessesKeynote SpeechH.R.H. Prince Faisal Bin Abdullah, Minister of Educationoutside the box. Panel Session Fostering Entrepreneurship Babson College Workshop Kevin Roberts Panel Session The Art of Failure CEO, Saatchi & Saatchi Agenda AgendaDay 2Welcoming & Networking Keynote Speech H.R.H. Prince Turki Al Faisal, Chairman, King FaisalPanel SessionEntrepreneurship in the Public Sector Day 3Welcoming & NetworkingKeynote SpeechMichael Porter, Bishop William Lawrence UniversityPanel SessionEntrepreneurs Speak Out: Entrepreneurship Center for Research and Islamic StudiesProfessor, Harvard Business Schooland Economic GrowthJanuary 23rd Panel SessionPanel SessionAerotropolis January 24th Panel Session Panel Session2012 2012 CNN Roundtable-Global Risks 2012:Intrapreneurship - How conglomerates do itHard Talk - Competitiveness The Challenges Ahead Keynote SpeechKevin Roberts, CEO, Saatchi & Saatchi Panel Session Panel Session Panel SessionGreenovation: Good for business too Disruptive Technologies Life Extension and Other An Apple a Day is No Longer Enough Panel Session Emerging SciencesShow Me the Money Panel Session Panel SessionAfter the Storm: In the wake of natural disasters Panel Session The Power of Entrepreneurial Thought and Act Keynote SpeechThe Innovation Generation Babson College WorkshopH.E. Adel Fakieh, Minister of LabourPanel SessionHow to Grow an Entrepreneur - Babson College Workshop Keynote Speech Panel SessionUn-Chan Chung , Former Prime Minister, South Korea Giving: From Funding to Empowering Keynote SpeechMarco Tempest, Techno-Illusionist Panel Session We Love Smart Brands Lunch ProgramMost Competitive Youth Initiative (MCY) Lunch Celebration Lunch Program Saudi Fast Growth 100 Initiative (SFG) Celebration27www.gcf.org.sa Entrepreneurship can be taught through a process of empirically looking at the behavior of entrepreneurs, testing theirSession Highlights thought process through action and building upon their mistakes. Len Schlesinger President, Babson College Keynote Speech The Entrepreneurship ImperativeDay 1George Buckley, CEO, 3MWhat does it take to be an entrepreneur and caninnovate. For smaller companies, this equates toJanuary 22nd Remaining competitive this be taught to aspiring leaders?creating the regulatory and market conditions that allow SMEs to grow, but also providing2012Panel speakers addressed the ability of and succeeding in aentrepreneurs to see opportunities where most financial resources to accountable teams and economically viable projects. dynamic economy requires other people dont. As mentioned by MagatteWade, Founder and CEO of the Tiosanno Tribe, Creating the right entrepreneurship ecosystem a relentless pursuit ofEntrepreneurship is about the freedom to make is a function of the local environment and innovation and risk.the world what you want it to be!.economy, and leaders should avoid the pitfall of replicating experiences elsewhere locally. TheWhilst there is no clear formula for success, this Silicon Valley cannot be replicated around thepanel recognized the significant contributionThe best way to forecast the future is to createworld! said Len Schlesinger, President of Babsonof entrepreneurship to economic and socialit, argued Buckley. To truly succeed, companies College.impact. As such, panel speakers agreed on themust pursue competitiveness across sixrole that governments, societies and businessFadi Ghandour, Founder and CEO of Aramex,platforms - cost, technology, customer service,leaders need to play in creating an environmentstressed the importance of celebrating localbrands and marketing, distribution and people,that fosters entrepreneurship and innovation.success stories in the Arab world as a means tohe outlined, adding that innovation within these encourage entrepreneurship in the Arab youth,areas should be integrated into the DNA of aIn large corporations, this means providing the and help address the challenges and frustrationscompany.adequate freedom and tools for employees to faced by younger generations.Buckley concluded his presentation, arguing that Remaining competitive and succeeding in a Since the advent of globalization, competition companies must adapt and change, innovate dynamic economy requires a relentless pursuit in the global market is fiercer than ever, and in all senses of the world, faster than thePanel Members of innovation and risk within all areas of ainnovations are disrupting established markets competition, and challenge their competitors company, said George Buckley, Chairman andand products in the blink of an eye, said Buckley. where they are strong, not only where they areAna Dutra,Fadi Ghandour,Len SchlesingerJohn Quelch (Moderator) CEO of 3M, a global manufacturing company.As Asian competitors who are more nimble,weak. In a rapidly changing business world, CEO, Korn/Ferry Leadership and Talent Founder & CEO, Aramex President, Babson CollegeCBE, Dean, China Europe International In his keynote speech opening the first day ofenergetic and harder working than many There are no silver medals for second place.Consulting Business School the Global Competitiveness Forum, Buckley existing companies enter the market, companies George Buckley, Magatte Wade, discussed competitiveness and innovation in must adapt to survive through the relentless Christian KlinglerChairman & CEO, 3MEntrepreneur, Founder and CEO, The a constantly changing world, suggesting thatpursuit of innovative incremental improvements Member of the Board of Management,Tiosanno Tribe while the pursuit of innovation may be risky, it is and great disruptors. an essential pursuit in a cutthroat economy.Volkswagen AG31 www.gcf.org.sa The Coming Jobs War The Anatomy of an EntrepreneurTaken from the title of a recent book by Gallup,customers and create competitive businesses Entrepreneurs are not born, but rather are ideas. Amy Rosen, President and CEO of theThe Coming Jobs War panel discussed the that can generate jobs. built through training, education and a proper Network for Teaching Entrepreneurship added,growing challenge of meaningful job creationenabling environment that allows them to that while these traits are important, You cantThe MENA region suffers from the highestto the global community and the increasingchallenge the status quo, shape opportunitiesdo it [entrepreneurship], if you do not haveregional unemployment rate in the world. Aimportance of entrepreneurship as a source of and take risks, said several panelists of Thethe basic skills to read and do the basic thingskey challenge that the region faces is a grossjobs. According to Jim Clifton, CEO of Gallup, theAnatomy of an Entrepreneur discussion on required.mismatch between the jobs offered andnumber of people around the world who yearn the second day of the Global Competitiveness Audience members who joined the discussionthe skills trained. Lorraine Hariton, Specialfor a good job is growing rapidly and today Forum. Addressing a crowd of businessmen and suggested that in their experience, the keyRepresentative at the U.S. Department of State,exceeds 3 billion. A good job lies at the core of women, entrepreneurs and other professionals,characteristics of an entrepreneur weresuggests addressing this challenge by learninghuman aspirations today and affects all aspects participants suggested that the genius for amongst other traits, adaptability, perseverance,from education for employment initiativesof human decisions. The formidable challengeenterprise does not materialize out of nowhere,drive and desire. Enabling these attributes andthat have been tried and tested globally. Haritonof creating good jobs is exacerbated by the but comes through development. encouraging entrepreneurship in the Middle Eastargues that ensuring that college graduatescurrent shortage of meaningful jobs globallyhave the skills that will enable them to make Participants declared that developing an will require overcoming a general fear of failureand the stalling of organic job growth amongmeaningful contributions to organizations inentrepreneurial spirit and skills requires among people in the region that often preventsbig businesses. the private sector, or as entrepreneurs, will bedirected training, mentoring and experience in them from embracing failure as a learning andThere is a growing recognition that crucial to the regions success in ameliorating business operations. Shahid Ansari, Provost of growth opportunity, said Sean Rush, Presidententrepreneurship can fill the jobs gap andunemployment. Babson College, argued that entrepreneurs areand CEO of JA Worldwide.create the meaningful jobs that the world needs self-aware, action oriented, adept at shapingAddressing this challenge and furtheringdesperately; countries must help entrepreneursopportunities, eager to embrace surprises andentrepreneurship in the region will facilitategrow by enabling the ecosystems that foster skillful at enrolling others in their vision and a new generation of entrepreneurs acrossPanel Members their success. Countries create entrepreneurialPanel Members the GCC and the wider region. As expressedecosystems by identifying entrepreneurs, by David Sproul, Chief Executive of DeloitteJim Clifton,John Quelch (Moderator) training them, providing them with access toAmy Rosen,David Sproul, Sean C. Rush, Touche Tohmatsu Regions, The ability toCEO, Gallup CBE, Dean, China Europe International capital and resources, enabling a competitive President & CEO, Network for Teaching Chief Executive, Deloitte TouchePresident & CEO, JA Worldwidedream the future, whether you get there orBusiness School environment and celebrating their successes.EntrepreneurshipTohmatsu Regions not, is the key to entrepreneurship. DevelopingLorraine HaritonA key challenge in this effort in the region is Shahid Ansari, entrepreneurship skills through education andSpecial Representative, changing the cultural mindset that penalizesBruno Lafont, Jean-Pascal Tricoire, Provost, Babson Collegetraining will unleash these dreams and allowCommercial and Business Affairs, US entrepreneurial failure. Innovation, whileChairman & CEO, Lafarge President & CEO, Schneider Electricentrepreneurship to flourish throughout theimportant, should only be thought of as a tool region.Department of Statethat entrepreneurs can leverage to attract 33www.gcf.org.sa Fostering Entrepreneurship Led by Saudi Arabian General Investment extensive research and consultation with someAuthority (SAGIA), the Saudi Arabian of the worlds largest companies, managementResponsible Competitiveness Index aims toscholars and investors.help businesses in the Kingdom improve theirOver the past 4 years, participation in the indexown competitive performance, improve thehas shown that Responsible CompetitivenessKingdoms competitive performance, and it performance is increasing. There has been asupports social, economic, and environmentalsteady increase in the overall performance ofdevelopment through the way companies companies since 2009. Participation in the Indexmanage their environmental and social is growing. The number of companies has risenfootprints. The indexs framework is built on from 40 companies in the first year to 100 in thispast year. Generation C Click, Connect, Communicate, Collaborate Generation C is the name given to Internet users who were born after 1990 and who readily use telecommunications tools to connect with the global community. Gen Cs exponential growth, sense of individual empowerment, and expectations of high-quality, undisrupted service are fundamentally altering the landscape for organizations online and offline. The rise of Gen C has created an interconnected global village of consumers who have high expectations whenWorkshop LeaderMichael Fertik (Moderator) Eric TsaiFounder & CEO, Reputation.comChief Executive Officer, eriQoo.comCarlos Moreira Habib HaddadFounder, Chairman & CEO, WISeKey CEO, Wamda Keynote SpeechH.R.H. Prince Faisal bin Abdullah,Minister of Education These projects include: encouraging earlyEducation is the radicalchildhood education, improving the education curriculum in order to reflect the latest changessolution that provides in technology and sciences, providing advancedstudents with knowledgetraining to teachers, working on creating an independent body in order to evaluate theand talents needed tocurrent state of public education and improvetransform the economythe administrative quality in the ministry and decentralizing it.to a knowledge-basedeconomy.H.R.H. Prince Faisal Bin Abdullah, Minister ofEducation, started the keynote speech by statingthat education is the radical solution thatprovides students with knowledge and talentsneeded to transform the economy to a knowledgebased economy. The path of educating Saudicitizens, H.R.H Prince Faisal bin Abdullah said,started with the late King Abdulaziz and thenexpanded for a period of dozens of years untilit reached five million students, five hundredthousand teachers and more than thirty threethousand schools. He considered the budgetgiven to the education sector, one hundredseventy billion riyals, to be generous andstressed that the ministry is currently workingon executing many strategic projects thatrespond to the needs of a knowledge economy.41www.gcf.org.sa H.R.H. Prince Turki Al Faisal CNN Roundtable Global Risk 2012:Day 2Chairman, King Faisal Center for Research and Islamic Studies The Challenges AheadWhat are the key risks to watch out for in 2012?January 23rdThe CEO of Unilever, Paul Polman, mentionedin his opening remarks that the three areas2012of risks businesses could be facing in 2012are the growing power vacuum at nationalgovernment levels to respond to the globaleconomic crisis, the vacuum being filled bydissatisfied consumers and citizens and thegrowing implications of a resource scarce world,which Polman said should concern Saudi Arabiaas it is the country with the third highest waterconsumption in the world. Robin N02 02gin tiN4glGwA702697h x The new emerging markets will not provide this assistance without a greater voice, argued H.R.H. Prince Turki Al Faisal, Chairman of the King Faisal Center for Research and Islamic Studies in Riyadh. The former ambassador to the US and UK was discussing the rapidly changing dynamics in the global financial regulatory architecture, in which much wider participation will be required to prevent future financial crises. An Apple a Day is No Longer EnoughThe Power of EntrepreneurialThought and Act - Babson College Workshop An exciting panel, bringing together various between premature mortality and inadequateLed by Len Schlesinger, President of Babson The future cannot be linearly extrapolated experts in the healthcare and pharmaceutical patient behavior and stressed the need for better College, and Shahid Ansari, Provost offrom the past; business leaders need to industries was held yesterday morning, on thepatient education as a key factor for reducingBabson College, the workshop Finding and embrace uncertainty and find entrepreneurial third day of the Global Competitiveness Forum. premature mortality.Making Opportunities engaged a packedopportunities in it. Humans have a bias towards The panel addressed some of the key challenges On the topic of entrepreneurship in the auditorium in a comprehensive discussion on sophisticated thinking and analysis over simple and opportunities facing these industries. healthcare space, Mr. Stephen Kennedy Smith,the entrepreneurial thought process and its experience; this bias is wasteful and dangerous Dr. Marijn Dekkers, Chairman of the Board at Board Member of Rapid Pharmaceutical andimportance to business leaders of all kinds.in an increasingly unpredictable world. Business Bayer AG, kicked off the panel by giving anOwl Biomedical, shared his view on some of theEntrepreneurship can be taught by empirically schools and economists are currently engaged insightful presentation on the improvementsinteresting opportunities ahead in the Kingdom, looking at the behavior of entrepreneurs, in unproductive stupidity due to their fear of in life expectancy, contrasting that with the rise in particular in supporting the development testing their thought process through actionunpredictability and unknowability and need in non-communicable diseases, and shedding of the healthcare infrastructure and growingand building upon their mistakes. Serialto change. some light on the significant increases in the the generic drugs market. Mr. Nakagawa, CEOentrepreneurs think about the world differently While it has been a topic of debate in the GCF, costs of drug development. of Mobile Healthcare Inc., advised aspiring and it is important to eschew assumptions and the entrepreneurial thought process can beentrepreneurs to surround themselves with a empirically study their behaviors. Successful taught at business schools and can benefit Dr. Delos Cosgrove, CEO of the Cleveland Clinicentrepreneurs usually do not have grand visionsknowledgeable team, from whom they can learnbusiness leaders of all kinds in Saudi Arabia. This Foundation, shared some of the experiences of what they want to do, for example; theyand grow. Become an information junky andworkshop showed clearly the mechanisms that and successes of the foundation in changinghave only a vague idea and test it with action.remain curious! said Mr. Nakagawa. need to be put in place to teach entrepreneurship patient behaviors towards health and wellnessBusiness schools should join Babsons mission management. Dr. Cosgrove highlighted the linkDr. Cosgrove summarized the global situationand increase its accessibility to people in allof initiating a broad scale democratization offields.of the healthcare industry with an insightful entrepreneurship as a method on a global scale.Panel Members observation, saying These are the most excitingWorkshop Leaderstimes for healthcare and for innovation in thisindustry, with significant challenges ahead forBright B. Simons (Moderator)James Nakagawa Stephen Kennedy SmithLen Schlesingerpayers, providers, and patients!.Director of Development Research at CEO & Chief Care Architect, Mobile Member of the Board, Rapid President, Babson CollegeIMANI; President of mPedigree Network Healthcare Inc.Pharmaceutical and Owl BiomedicalShahid AnsariDelos CosgroveDr. Marijn DekkersProvost, Babson CollegeCEO, President & Chairman of the Board, Chairman of the Board of Management,Cleveland Clinic Foundation Bayer AG 45 www.gcf.org.sa Giving: From Funding to Empowering We Love Smart Brands Entrepreneurship and education are key entrepreneurs help empower the poor, butIn todays marketplace, overwhelmed consumersconcept of disintermediation, which refers to elements of empowering individuals aroundresources are limited, added Jack Sim, CEO of are sophisticated and skeptical, largely due tothe increasing transparency of the marketplace, the world to extricate themselves from poverty the World Toilet Organization. the rise of social media, agreed the members where consumers have unprecedented access to and develop sustainable business, argued As such, a combination of training and of yesterdays panel We Love Smart Brands. information about the brand, the experiences of participants on the panel, Giving: From Funding mentorship are key elements of philanthropy; Although the stakes are now higher, panelother consumers and product pricing. to Empowering on the third day of the Globalhowever, social entrepreneurs and NGOs mustmembers Jack Martin, Paul Hembrey and MagidThe session concluded with Mr. Hembreys Competitiveness Forum. Participants from break free of the constraints of fundraising and Abraham remained confident about the ability fascinating account of the transformation of diverse entrepreneurial backgrounds elaborated unsustainable funding cycles, suggested Julian of smart brands to win over the public withthe Pirelli brand from being considered a boring on the relationship between economic progressGore-Booth, CEO of the STARS Foundation. lots of communication and attentive listening to distress purchase to becoming the focal point and social transformation and the key rolefeedback.of a glamorous sporting event, the Formula entrepreneurs play in addressing some of the Women are a vital part of this process, addedBasmah Al Omair, CEO of the Khadija bint The talk was kick-started by Mr. Abraham, whoOne, with an innovative strategy and relentless worlds foremost challenges.gave a compelling account of how the Internetcommunication with the public.Khuwailid Center for Businesswomen, and A holistic combination of skills training, must be empowered to succeed. Sim confirmed, has been a game-changer for brands. While funding and mentoring are required to help When we come together, we do things faster, in the past branding was merely one element individuals develop the capacity to bring aboutcheaper, better and easier. of sales, it now represents an ongoing and social transformation and economic progress,over-arching dialogue across the company and argued Andrew Devenport, CEO of The Princesconsumers. Youth Business International. These socialMr. Martin then introduced the audience to thePanel MembersPanel MembersAndrew Devenport Jack Sim, Michael Strong (Moderator)Jack Martin Paul HemberyCEO, The Princes Youth Business CEO, World Toilet Organization (WTO)Author, CEO and Chief Visionary Officer,Global Executive Chairman & CEO, Hill & Motorsport Director, PirelliInternational (YBI)FLOWKnowlton Mohammed Rezwan Magid Abraham (Moderator)Basmah Al OmairExecutive Director, Shidhulai Swanirvar Julian Gore-Booth Rory Sutherland CEO & Co-founder, ComScore Inc.CEO, Khadija Bint Khuwailid Center for SangsthaCEO, STARS Foundation Vice Chairman, Ogilvy Group UKBusinesswomen 47 www.gcf.org.sa Saudi Fast Growth 100The Saudi Fast Growth list (SFG) is an annual ranking of the fastestgrowing companies in the Kingdom of Saudi Arabia. Founded bySAGIA, Al Watan and NCB. The list highlights the next generation ofcompanies that are creating jobs, spurring innovation and growingconsistently. The initiative was first launched in 2008 by the Saudi Arabian General Investment Authority (SAGIA), the National Commercial Bank (NCB) and ALWATAN newspaper as the Founding Partners. Later on, other entities joined such as SAP as a Competitiveness Partner, and PwC as a Knowledge partner. This year, celebration is unique as the list received more than 250 applications to compete on the top 100 companies. The SFG100 list measures the fastest-growing Saudi companies that are over five years old or start-ups. The importance of such recognition is to encourage companies with high rates of entrepreneurship that are able to deliver and sustain high rates of growth. Those companies are the foundation of a vibrant, competitive, knowledge-based economy. The Saudi Fast Growth was launched 5 years ago to help find and highlight those fastest growing Saudi companies in order to show the underlying health of the economy and its emergent trends. By their entrepreneurship, these companies represent the leading edge of a new approach to Saudi Arabias competitiveness. Entrepreneurship in the Public Sector AerotropolisThe main topic of this panel was how toRichard Boucher, Deputy Secretary-General of theYesterdaysafternoon panelon The challenges and constraints to its future growth.foster Entrepreneurship in the Public Sector.OECD, said that in order to get entrepreneurship Aerotropolis provided attendants of the Global He went on to highlight some of the key successRobert Hisrich, Director of the Walker Center intogovernment,governmentsshould Competitiveness Forum with an interesting factors underpinning the development of thefor Global Entrepreneurship at Thuderbird, wasintroduce innovation and technology in theopportunity to learn more about some of the Aerotropolis model across the globe, namely,moderating this panel and started by discussing delivery of public services and bring the publicnotable changes taking place in the air transport the abundance of affordable land and thethe challenges that must be overcome in order and private sector together through public- industry, and in particular, the development of commitment of governments and policy makersfor the entrepreneurial process to take hold. private partnerships. air transport hubs. towards supporting the air transport industry.Some of these challenges were governmentChad Evans, Senior Vice President of theOver the last decades, airports have evolvedMr. Wim Elfrink, Executive Vice Presidentpolicies, bureaucracy and personnel restrictions. Council on Competitiveness, mentioned somefrom simple transport terminals into majorat Cisco, emphasized the importance ofMichael Andrew, global Chairman of KPMG,of the challenges to the innovation andbusiness hubs, catering services to neighboring technology in helping generate new servicesattributed the increase in entrepreneurship inentrepreneurship ecosystem such as strictcommunities, generating hundreds of in the Aerotropolis. He also observed the needthe public sector to two factors, the first being immigration policies and regulatory burdens thousands of jobs both directly and indirectly, for airport authorities to better segment andthe economic necessity happening in the Westand explained that they might be the reason and thus transforming their environment intounderstand their customers in order to resist thewhere governments are facing budget strains why some companies are moving offshore in real economic clusters. emerging competition in the GCC and in Asia.and high debt levels while the second driver wasorder to scaleup. Mr. Keith Williams, CEO of British Airways,the population growth in the East where there shed some light on the development ofis a rapid rise in the middle class and a strain on Heathrow from a simple hub to one of the earlynatural resources.Aerotropolis, which now faces some majorPanel Members Panel MembersChad Evans Robert Hisrich (Moderator) Jeff NugentWim ElfrinkSenior Vice PresidentDirector, Walker Center for Global Professor, Economics and Business, Executive Vice President, Cisco Systems Inc.Council on Competitiveness Entrepreneurship, ThunderbirdUniversity of Southern CaliforniaChief Globalisation OfficerRichard BoucherMichael Andrew Keith Williams John Quelch (Moderator)Deputy Secretary-General, OECD Global Chairman, KPMGCEO, British Airways CBE, Dean, China Europe International Business School 51www.gcf.org.sa Keynote SpeechShow Me the MoneyKevin RobertsThe Future BeyondBrands - Lovemarksbut they do not have a dream. On the contrary,The panelists on Show Me the Money discussed The panel debated the extent to which ventureentrepreneurs have a dream its not aboutthe challenges of financing new entrepreneurial capital money is available today to early stageThe role of business is to counting the stars, its about reaching for them, he ventures and the importance of finding thecompanies. While Takumi Shibata, Group COOmake the world a better added.right kind of money. The panel agreed thatof Nomura Holdings, urged entrepreneurs toeconomic uncertainty today necessitates thatbe selective in choosing their investors, Davidplace for everyone, to focusTo support these dreams, companies shouldentrepreneurs demonstrate the value of theirWihelm, CEO and Co-Founder of Woodlandgenerate lots of small ideas, reframe relentlessly,on inclusive capitalism tosurprise with the obvious, give employees whatbusiness or product first before they can attract Venture Management, argued that investorsinvestors. Investors are less likely to invest in are few and far between and currently havegrow and create a future forthey need and challenge assumptions throughrisky ventures and it is up to the entrepreneur a very limited appetite for risky early stagequestions.all. to mitigate risk as much as possible prior to the investments. To attract capital, Wihelm urgedinvestment. Venture capital money is expensiveentrepreneurs to insert themselves in existingand, as a result, entrepreneurs should use allecosystems that will help their businesses grow.Entrepreneurs must have a dream and must sources of capital at their disposal in growingexecute it to unleash creative energy, overcome their business and delaying VC investments untilchallenges and think outside the box, said Kevin their value proposition is sharp. The panelistsRoberts, CEO of Saatchi & Saatchi, during his agreed that early stage investors today wantkeynote speech entitled The Future Beyondto invest in emerging businesses, not emergingBrands: Lovemarks. Challenging the idea that ideas.the world is volatile and uncertain, he arguedthat it is vibrant, unreal, crazy and astounding,and that business should seek to make the world Panel Membersa better place.Our world is vibrant, full of life, full ofDavid WilhelmTakumi Shibataopportunity, full of growth, full of optimism CEO & Co-Founder, Woodland Venture Group COO, Nomura Holdings Inc. We can do anything in this world, opined ManagementRoberts, suggesting that entrepreneurs must be Thomas Connellyenthusiastic and empathetic, and must execute Joi ItoExecutive Vice President, DuPontinclusive capitalism that creates a future for all. Director, MIT Media LabToo often companies have strategies and visions,53www.gcf.org.sa Keynote SpeechH.E. Adel FakiehMinister of LaborThe Saudi Arabian Minister of Labor, AdelFakieh, closed the second day of the GCF with arousing keynote speech in which he outlined hisimpressive and wide-reaching reform agenda forthe countrys labor force. Indeed, the sessionsmoderator Len Schlesinger even joked that itwould be difficult for the audience to rememberall of the initiatives he presented, because theywere so numerous and detailed.With the Saudi labor force set to more thandouble by 2030, the need to develop high-quality jobs in the Kingdom is more pressingthan ever. Mr. Fakieh believes that the key tosuccess is based in two key pillars: expandingvocational training programs available to Saudis,and secondly with targeted Public-PrivatePartnerships that will encourage employers tohire Saudis.Mr. Fakieh spoke of his dedication to his countryand his unique mission, We must build a newculture among Saudis of service to our clients, toserve both customers and society at large.. Evidenceof Mr. Fakiehs willingness to take entrepreneurialrisks in order to make real impact can be seenin his new Nitaqat system, which adds much-needed flexibility to the countrys Saudizationpolicies.55www.gcf.org.sa Michael PorterIntrapreneurship Day 3Bishop William Lawrence University Professor, Harvard Business School How Conglomerates Do It The first panel held on the fourth day of the GlobalJanuary 24thEntrepreneurship is crucial Competitiveness Forum addressed a major challenge faced by most large and established Large and established2012in order to translate Saudicompanies, namely Intrapreneurship and howcompanies face a constantArabias progress on to continuously innovate and succeed. challenge in trying to remaincompetitiveness into broad-Dr. Andrew White, Associate Dean for Executive ahead of their competition. Education at the Sad Business School Oxford,based Economic growthkicked off the panel with a very interestingIntrapreneurship and the presentation on the importance of leadershipand employment. in helping companies consistently outperformsupport of innovation with the competition. A Level 5 leader, as described bythese corporations are the Dr. White, should have ambitions and believe inPorter argued that there exists a symbiotic goals that go beyond personal ego and that arekey to sustainable growthrelationship between competitiveness andentrepreneurship and stressed on the able to generate lasting value on society.and greatness.importance of small and medium enterprises inExecutives on the panel also shared some of thecreating the jobs that Saudi Arabia needs. experiences around fostering innovation and intrapreneurship within their groups. Mr. Ki-JoonCorporation, provided some very interestingSome of the challenges to entrepreneurship in Hong, President and CEO of Hanwha Chemical insights on the processes employed at HanwhaSaudi Arabia and other emerging economiesChemical for nurturing innovative ideas outside On Tuesday mornings keynote speech, Michael of companies to compete successfully inare the limited skills of the Saudi workforce, Panel Membersof the traditional business boundaries. You Porter, Bishop William Lawrence University international markets while simultaneouslythe cumbersome government regulation andneed to give ideas the time and appreciation Professor at Harvard Business School, talked improving the living standards of citizens and red tape and the limited progress on clusterShahid Ansari (Moderator) they deserve! said Mr. Hong. about competitiveness, entrepreneurship andSaudi Arabia has made a definite unmistakabledevelopment. Mr. Porter concluded his speech Dr. Andrew WhiteChris Hyman the current challenges facing entrepreneurs in commitment to transform the economy and by saying that entrepreneurship is crucial in Associate Dean for Executive Education, Group CEO, SERCO BABSON CollegeMr. Chris Hyman, Group CEO of SERCO, started Saudi Arabia.to boost its competitiveness as substantialorder to translate Saudi Arabia progress on Sad Business School, Oxford off with a thought provoking question: Wouldreforms have been implemented in many areas competitiveness into broad-based economicOmar ChristidisMichael TS Lindenmayer, you have hired Steve Jobs in the 1970s?. He On competitiveness, he reminded the audience challenged executives to reconsider their ownlike the infrastructure, the judiciary system growth and employment.Ki-Joon HongFounder, Arabnet Co-Creator and Managing Partner that slashing wages and reducing the workforce perception of entrepreneurs, to embrace them does not make an economy more competitive. education and the regulations and transparency President & CEO, Hanwha Chemical of Eirenein the financial markets. On innovation, Mr.in the workplace, and to create an environment Competitiveness is manifested in the abilityCorporationfor them to flourish.57 www.gcf.org.sa Greenovation:After the Storm:Good for Businesses Too! In the wake of natural disasters The panel on Greenovation agreed that socialThe first afternoon panel provided the audiencevalue. General Michael T. Moseley, 18th Chief and environmental sustainability will be the keySocial and environmental with an opportunity to learn more on a lessof Staff, United States Air Force, described the issues for competitive businesses in the 21st talked about subject, the importance of century. Through impassioned calls for action,sustainability will be the keyentrepreneurship in disaster relief. This panelimportance of devising better solutions to food,water and medicine distribution following a the panelists urged business leaders to integrate the triple bottom line of profit, people and planet issue for competitive brought together several experts with deep natural disaster. The development of low-tech, knowledge in disaster and crisis management. low-cost and easy to deploy equipment provides into their core business models. All materialsbusinesses in the 21stPanel members shared their experiences ina significant opportunity for entrepreneurs to originate from the earth, and the business community needs to ensure that existing and century and greenovationdealing with some of the more recent natural penetrate the supply chain. Indeed, organizations disasters across the globe, including recent in disaster relief have a strong need for such future processes of eco-efficiency and recyclingand purposeful innovation floods in Pakistan and the earthquake in Haiti.equipment given the limited resources at their are clean across all activities in their respective value chains. will be a crucial component They expressed their frustration resulting fromdisposal. all of the operational inefficiencies they and The panelists urged business leaders to conduct in driving success for theseother organizations need to deal with. ThePanel members all agreed on the incrediblecontribution of technology and social media innovation squared and innovate with acompetitive businesses.system is broken, and the only way to fix it isto disaster relief, in particular, the efficiency purpose. Ultimately greenovation is innovationwith an entrepreneurial spirit! said Rahul Singh, improvements they have introduced, but also plus sustainability and to take advantage of this Founder and Executive Director at GlobalMedic. the ability to instantaneously raise awareness of space, businesses need to innovate with new In Saudi Arabia, the importance of thinking Panel members went on to share some of the a natural disaster. principles in mind: reduce, reuse and recycle.about greenovation takes on an additional layer of urgency when it comes to the challenge particular segments where entrepreneurs of water desalination. The Kingdom has acan infuse innovation and help create greaterPanel Membersgolden opportunity to innovate with a purpose Panel Members and build on successes in the space of waterAbe Sher Michael Czysz desalination, by leveraging the power of theDavid Gensler Michael T. MoseleyThomas D. KirschChairman & CEO, Aqua Sciences IncCEO, Motoczyszsun and atmosphere, for example, and is in aExecutive Director, Gensler 18th Joint Chief of Staff, US Air Force Co-Director, Bloomberg School Center for position to emerge as a global greenovative Refugee and Disaster Response, JohnsJoseph AdeleganChad Evans (Moderator)leader in the field.Kevin Langley Rahul Singh Hopkins School of Public HealthPresident, Green Globe Trust; Founder, Senior Vice President, Council on Chairman, Entrepreneur Organization Founder & Executive Director, GlobalMedicGlobal Network for Environment and CompetitivenessEcononmic Development ResearchGreen Power Partnership Limited 59 www.gcf.org.sa How to Grow an Entrepreneur - Keynote SpeechBabson College Workshop Marco TempestTechno-IllusionistGCF attendees were treated to a unique persuasion, which is a key componentThe creative process, a key part ofopportunity to return to our classroom daysof Babsons theory of entrepreneurship, entrepreneurship, requires thinking outside ofThe creative process, awith a highly engaging interactive workshopCreAction, an artificial word meaning creativitythe box, bringing together passionate people,on Fostering Entrepreneurship led by Danielthrough action. Once entrepreneurs take action, and challenging groupthink in order to generate part of entrepreneurship,Isenberg, Professor of Management Practice atthe next step is figuring out how to influencenew and inspiring ideas, said Techno-Illusionistrequires thinking outsideBabson College. The session involved dividingothers to help you achieve your goals.Marco Tempest on the final day of the Globalaudience members into break-out teams whoProf. Isenberg closed the session by offering toCompetitiveness Forum. If you are not taking a of the box, bringingcompeted against each other to sell theirrisk on an idea that you are passionate about,entrepreneurial ideas to the market. share additional fun exercises and activities then you probably arent being as creative as you together passionate that GCF participants could bring home toThe key question we are addressing here is, their children, to further develop and foster the could be, explained Tempest, as he demonstratedpeople, and challenging the tricks of his trade using card and screen tricks.How do you grow an entrepreneur? Prof.culture of entrepreneurship in Saudi Arabia!groupthink to generateIsenberg challenged the audience, surrounded Describing the creative process, Tempestby potential entrepreneurs trying to sell himelaborated on the key traits of magic including new and inspiring ideas.their half-empty water bottles. They werecreativity, passion, knowledge, taking risks andemploying innovative persuasion techniques byself confidence. We cant all be geniuses, heemphasizing their products quality, scarcity or added, but we can build on what was donesocial value.before, thus adding our own creativity to theThe goal of these activities was to exploreprocess. The major impediments to creativity areWorkshop Leadergroupthink and complacency with the status quo, said Tempest. To overcome these obstacles, entrepreneurs must work outside of theirDaniel Isenberg comfort zone, and seek to bring together equallyProfessor, Babson Collegepassionate people who will collaborate to avoid groupthink and take the necessary risks.61www.gcf.org.sa The Most Competitive Youth (MCY) is astrategic initiative that engages youth inSaudi Arabia in applying 21st century skill setsto improving their communities, inspiringcreativity, promoting innovation, and bringingSaudi Arabias economy to the forefront ofcompetitiveness.On the Third day of the Global CompetitivenessForum for 2012 we celebrated at a GalaLuncheon the award winners in each of thethree categories of MCY; Arts and Creativity,Innovation and Technology. The competitionresulted in showcasing a collection of talentsacross a variety of domains. The top winnerswill go on a Leadership Expedition in the UK inJuly 2012 to further develop their talents andexpand their networks and communities thatthey can draw upon for further knowledge andsupport. Entrepreneurs Speak Out:Entrepreneurship and Economic GrowthPanel MembersAndrea Vogel (Moderator) Disruptive Technologies The Innovation GenerationLife Extension and Other Emerging SciencesVirtual reality, robotics, cynbernetics, radicalcapacity of the human mind to make us all superliteracies These were just a few of the futuristic geniuses!.terms used throughout yesterdays panel Some of the reasons why people are so attracteddiscussion entitled Disruptive Technologies to the alternative versions of reality that can beLife Extension and Other Emerging Sciences increated with technology were explored by Mr.which participants Catherine Asaro, KathleenOGreen. He proclaimed, Video games will ruleGoonan, Mark OGreen and moderator Arlanthe world! before explaining that video gamesAndrews pondered what the future may look like. provide a much more robust rewards system forImagine the most powerful computer you the human brain, which can also be leveraged forknow, Ms. Asaro suggested as she opened up educational practices.the discussion, and then imagine that you couldcombine that with the creativity, the emotionsand the self-awareness of the human brain thatis called Artificial Intelligence.Ms. Goonan discussed some of the potentialpractical uses of these mind-bogglingtechnologies, such as radically improvingeducation systems, or even expanding thePanel MembersPanel MembersArlan Andrews (Moderator) Kathleen GoonanAriell BuckinghamFounder, SIGMAAuthor, Professor, Georgia Institute ofStudent2eB7yt02P(bef)20(o9(a)147 )90.357scnm/T1TechnologyCatherine AsaroPhysicist, Author Mark OGreenScience Fiction Game Writer Keynote SpeechUn-Chan Chung,Former Prime Minister, South Korea Dr. Un-Chan Chung, former Prime Minister of South Korea, started the closing keynote sessionEconomic growth cannot by reminding the audience that it has been 50 years since Saudi Arabia and South Korea provide a solution to started diplomatic relations and pointed outstagnate household income that both countries have much in common and are currently focusing on the entrepreneurshipand rising household debt, imperative. these problems can only be In 2010, 10.7% of Saudi Arabias exports went to South Korea, making it the 3rd biggest customer solved when entrepreneurs after the United States and Japan, while 4.7% ofemerge to incorporate Saudi Arabias imports came from South Korea. Dr. Un-Chan Chung then explained how Southinnovative SMEs. Koreas economy grew in the past decades and attributed its remarkable growth to the huge investments in human capital, the can-do and fighting spirit of the Korean people and the bravery of the 16 countries that came to South Koreans aid during the Korean war. He said that in the current type of economic structure, economic growth cannot provide a solution to stagnate household income and rising household debt, these problems can only be solved when entrepreneurs emerge to incorporate innovative SMEs. He concluded by saying that it is his strong hope that Saudi Arabia will join and help South Korea in promoting entrepreneurship.69www.gcf.org.sa Through the Village and Ruwad, this initiativeprovides key resources to first-time entrepreneurs,serial entrepreneurs and Small-to-MediumEnterprises (SME) alike. Ruwad is the one-stopshop for those embarking on the entrepreneurialjourney or for those looking to grow theirbusiness. The portal combines the engagementpotential of a social network with the resourcesvital to the entrepreneurship imperative.The entire entrepreneurship ecosystem isrepresented online via the portal and includescomponents directly targeting and created forentrepreneurs such as education, mentoring,business development, collaboration, funding,and lifecycle services. The portal is all-inclusive andwelcomes the contribution of the many disperseinitiatives created to support entrepreneurship.By identifying the type of support offered by theinitiatives and other service providers, the portalhelps direct entrepreneurs to resources that bestmatch their current stage of entrepreneurship. AlphabeticalAbe Sher Alexey Andrew WhiteBasmah Al OmairChairman & CEO,PrazdnichnykhAssociate Dean, CEO, Khadija BintAqua Sciences Inc. Co-Founder Executive Education,Khuwailid Center for & Managing Sad Business School, Businesswomen Director, EurasiaOxford University Competitiveness Institute, RussiaGCF 2012 Speakers H.E. Adel FakiehMinister of Labor,Saudi Arabia Amy Rosen President & CEO, Network for TeachingAriell BuckinghamStudent,EntrepreneurBright B. SimonsDirector,Development Entrepreneurship Research at IMANI;President, mPedigreeNetworkAna DutraAndrew Devenport Arlan Andrews Bruno LafontCEO, Korn/FerryCEO, The PrincesFounder, SIGMAChairman & CEO,Leadership and Youth Business LafargeTalent ConsultingInternational (YBI) AlphabeticalAlphabetical Caspar HobbsChad EvansChris DerconDavid WilhelmDelos M. CosgroveEric Tsai Hans Paul Buerkner Jack Sim CEO, Professional Senior Vice Director, Tate Modern CEO & Co-Founder,M.D., CEO &Chief Executive President & CEO, CEO, World Toilet and VocationalPresident, Council on Woodland Venture President, Cleveland Officer, eriQoo.com Boston ConsultingOrganization (WTO) Education, PearsonCompetitiveness Management Clinic Group Carlos MoreiraChristian KlinglerChris Hyman Daniel J. Isenberg Dennis M. NallyH.R.H. Prince Habib Haddad James Turley Founder, Chairman & Member of the Board Group CEO, SERCOProfessor, Chairman & CEO,Faisal Bin Abdullah CEO, Wamda Chairman & CEO, CEO, WISeKeyof Management,Management Pricewaterhouse Ernst & Young Minister of Education Volkswagen AG Practice, Babson Coopers College Catherine Asaro Un-Chan Chung,David SproulDavid GenslerDiane ForemanFadi Ghandour James Nakagawa Jack Martin Physicist, Author Former PrimeChief Executive,Executive Director,Ernst & Young WorldFounder & CEO,CEO and Chief Care Global Executive Minister, South Korea Deloitte Touche GenslerEntrepreneur Of TheAramexArchitect, MobileChairman & CEO, Hill Tohmatsu Regions Year Judge 2011Healthcare Inc.& Knowlton75 www.gcf.org.sa Alphabetical Alphabetical Jean ChretienJoseph AdeleganJulian Gore-Booth Joi ItoKeith Williams Kyle WongMarco TempestMark OGreen 20th Prime Minister, President & Founder, CEO, STARSDirector, MIT MediaCEO, British Airways Student, Techno-illusionist Science Fiction Game Canada Green Globe TrustFoundationLab EntrepreneurWriter Jean-Pascal Tricoire Jeff NugentJim Clifton,Kathleen GoonanKevin RobertsLen SchlesingerMargo Drakos Magid Abraham President & CEO, Professor, Economics Chairman & CEO, Author, Professor, CEO, Saatchi & President, BabsonCo-Founder & CEO,CEO & Co-Founder, Schneider Electric and Business,GallupGeorgia Institute of SaatchiCollegeInstantEncore.comcomScore Inc.University ofTechnologySouthern California Jim McCann John A. Quelch John DefteriosKevin LangleyKi-Joon Hong Lorraine Hariton Magatte Wade Marijn Dekkers Founder & CEO, DistinguishedAnchor, CNN Chairman, EO President & CEO, SpecialEntrepreneur,Chairman of I800flowers.comProfessor, Vice(Moderator)Hanwha ChemicalRepresentative,Founder & CEO, The the Board ofPresident & Dean, CorporationCommercial and Tiosanno Tribe Management, BayerCEIBS (Moderator)Business Affairs, USAG Department of State77 www.gcf.org.sa Alphabetical Alphabetical Mauro BorgesMonis RahmanMichael PorterNandini Otaviano CanutoPatrick Spence Richard Boucher Robin Niblett Lemos Chairman & CEO, Bishop WilliamViadyanathanVice President, WorldResearch in Motion,Deputy Secretary- Director, Chatham President, BrazilianNaseeb Networks Inc Lawrence University Founder and Mentor, Bank Global Head of Sales General, OECD House Agency for Industrial Professor, HarvardCARMaand Head of EMEA Development Business School Michael AndrewMichael Czysz MohammedNaif Al-MutawaPatrick SchofieldRahul SinghRory Sutherland Shahid Ansari Global Chairman,CEO, MotoczyszRezwanFounder & CEO,Founder, StreetwireFounder andVice-Chairman,Provost, Babson KPMGExecutive Director, Teshkeel MediaArtists CollectiveExecutive Director,Ogilvy Group UK College Shidhulai Swanirvar Group; Creator, TheGlobalMedic Sangstha99 Michael FertikMichael StrongMicmicOmar Christidis Paul Hembery Paul PolmanRobert D HisrichSean Rush Founder & CEO,Author, CEO and Co-Creator andFounder, ArabNetDirector, Motorsport Chief Executive, Director, WalkerPresident & CEO, JA Reputation.comChief Visionary Managing Partner of F1 Activities, Pirelli Unilever Center for Global Worldwide Officer, FLOW Eirne (www.eirene. Entrepreneurship, com)Thunderbird79www.gcf.org.sa Alphabetical Alphabetical Steve Pagliuca Stephen StapletonTammy CampThomas D. KirschWilliam Bates Wim Elfrink Yasmina Azhari Managing Director, Founder, Edge of Managing Partner, Co-Director,Executive Director of Executive ViceErnst & Young Bain Capital; Co-Arabia Camp International; Bloomberg Schoolthe Global Federation President, CiscoEntrepreneur Of The Owner, Boston EntrepreneurCenter for Refugeeof CompetitivenessServices & ChiefYear Syria 2011 Celtics and DisasterCouncils -Globalization Officer Response, Johns MODERTOR Hopkins School of Public Health Steven GoldTakumi Shibata HRH PrinceTae-Shin Kwon Senior Partner for Group COO, NomuraTurki Al Faisal Vice Chairman, Entrepreneurship,Holdings, Inc. Chairman, King Faisal Presidential Babson CollegeCenter for Research Council National and Islamic Studies Competitiveness, Korea Stephen KennedyThomas M.T. Michael MoseleyVictor Chu Smith, Connelly United States Air Chairman, First Member of theExecutive Vice-Force 18th Chief of Eastern Investment Board, Rapid President, Du Pont Staff Pharmaceutical and Owl Biomedical81www.gcf.org.sa Public-private partnerships are the key to develop and foster entrepreneurship inGCF 2012 Sponsors and Media Partners the public sector. Professor Robert D Hisrich Director of the Walker Center for Global Entrepreneurship at Thunderbird School of Global Management Strategic Partners SponsorsTransportation connectivitySponsorsponsor Media Partners Media SponsorsGlobal PartnerStrategic PartnersPress Media: Electronic Sponsor GCF 2012 Gallery