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Dr. Zoltan Csedo elected as Vice President of LSE Alumni Association Hungary

Dr. Zoltan Csedo, Managing Partner of Innotica Group, has been elected as Vice President of London School of Economics and Political Science Alumni Association Hungary, on the 3rd of December 2015. The newly elected leadership team has been announced last night, at the Christmas Dinner of the Association.

The London School of Economics and Political Science (LSE) is one of the foremost social science universities in the world. Its research and teaching span the full breadth of the social sciences, from economics, politics and law to sociology, anthropology, accounting and finance. Founded in 1895, the School has an outstanding reputation for academic excellence. 16 Nobel prize winners have been LSE staff or alumni.

The international LSE alumni community comprises more than 128,000 people drawn from almost 200 countries, represented by 80 official country groups/networks and 9 special interest groups. Founded in 2002, the LSE AA Hungary is a local networking organisation of former LSE graduates, organizing regularly exciting debates and social events for its members. 

Graduated from the LSE in 2003, Dr. Csedo is an active member of both international and local LSE alumni communities, serving as Sub Ambassador Europe between 2011-2013, and he has just started his second term of office as Vice Chair of the Group Leaders' Support Committee in September 2015.

The Personal Knowledge Infrastructure

In an era of information overload, getting the right information remains a challenge for time-pressed executives. How do you keep tabs on what your competitors and employees are doing? How do you spot the next big idea and make the best judgments? How do you distinguish usable information from distracting noise? And how do you maintain focus on what’s critical?

Many management experts have assumed that better information systems and more data would solve the problem. Some have pushed for faster and more powerful information technologies. Others have put their faith in better dashboards, big data and social networking. But is better technology or more tools really the most promising way forward? Latest research of Davide Nicolini, Maja Korica and Keith Ruddle demonstrates that it is not.

Authors maintain that the capacity of senior executives to remain appropriately and effectively knowledgeable in order to perform their jobs is based on a personal and organizational capability to continually “stay in the know” by assembling and maintaining what authors call a “personal knowledge infrastructure.” And while information technologies may be part of this personal knowledge infrastructure, they are really just one of the components.

For further details, please, read the recent article in Sloan Management Review:





The Chevening Experience: Achieving Leadership in Central and Eastern Europe

Dr. Zoltan Csedo, Managing Partner of Innotica Group was invited to speak about the Chevening alumni experience at the 20th Anniversary Reception of the Hungarian Association of British Alumni, organized in the Old Banking Hall of British Embassy Budapest, yesterday.

Chevening is the UK government’s international awards scheme aimed at developing global leaders. Funded by the Foreign and Commonwealth Office (FCO), Chevening offers a unique opportunity for future leaders, influencers, and decision-makers from all over the world to develop professionally and academically, network extensively, experience UK culture, and build lasting positive relationships with the UK.

The current 43,000 Chevening alumni from 160 countries is a very influential and highly regarded global network. More than three decades since the launch of the scholarship scheme, Chevening alumni are leaders worldwide across a wide range of fields including politics, business, civil society, and academia.

The increasing role of Chevening alumni networks in local decision-making and leadership raises the need for sharing best practices for further local alumni community development, as well as for formulating strategies in order to achieve synergies from regional cooperation between alumni associations and British Embassies, Dr. Csedo highlighted.

A detailed roadmap has been presented how to achieve regional leadership in Central and Eastern Europe. The valuable regional experience gained from projects involving the Visegrad Cooperation, and the strong support of Ministries of Foreign Affairs within Visegrad Four Countries, as well as UK's Foreign and Commonwealth Office are excellent basis for future strategies.

Dr. Zoltan Csedo serves as Member of the Management Board of Hungarian Association of British Alumni, since 2008. Established in 1995, the association is the largest networking platform for British alumni in Central and Eastern Europe. Dr. Csedo kicked-off the highly successful regional networking projects of the association and continues to lead its international networking initiatives.

New Funds - New Opportunities: Increasing Competitiveness in 2014-2020
The reformed cohesion policy will make available up to EUR 351,8 billion to invest in Europe's regions, cities and the real economy. It will be the EU's principle investment tool for delivering the Europe 2020 goals: creating growth and jobs, tackling climate change and energy dependence, and reducing poverty and social exclusion. This will be helped through targeting the European Regional Development Fund at key priorities such as support for small and medium-sized enterprises where the objective is to double support from EUR 70 to 140 billion over the 7 years. There will be stronger result-orientation and a new performance reserve in all European Structural and Investment Funds that incentivises good projects. Finally, efficiency in cohesion policy, rural development and the fisheries fund will also be linked to economic governance to encourage compliance of Member States with the EU's recommendations under the European Semester. Meet us at the "New Funds - New Opportunities: Increasing Competitiveness in 2014-2020" conference, organized by Századvég Economic Research Institute, in Budapest Marriott Hotel, on the 26th of November 2016. Let's discuss strategic opportunities of funding innovative knowledge management projects.
How Useful Is the Theory of Disruptive Innovation?

A widely accepted explanation for the failure of respected and well-managed companies is following: good managers focus on doing the very things they need to do to succeed — listen to customers, invest in the business, and build distinctive capabilities — while running the risk of ignoring rivals with “disruptive” innovations.

The Economist called the disruptive innovation concept “one of the most influential modern business ideas”. Other commentators have noted that the theory is so widely accepted that its predictive power is rarely questioned.

In a recent Sloan Management Review article, however, researchers argue: while the theory of disruptive innovation provides a generally useful warning about managerial myopia, it should only be applied when specific conditions are met, especially significant changes in technology, market structure, global scope, and vertical integration.

Given the evidence that the theory has limited predictive power, how should managers react to the appearance of potential new rivals?

Researchers propose a fairly straightforward diagnostic based on authenticated modes of analysis. First, managers should calculate the value of winning. Second, they should find ways to leverage existing capabilities. And finally, where practical, they should work collaboratively with other companies.

To read the original article in Sloan Management Review, please, click on the link below: