Profesor Narayan Pant, direktur Advanced Management Program INSEAD akan menjadi salah satu pembicara Singapore Human Capital Summit (SHCS) 2012. Konferensi tahunan ini akan dilangsungkan tanggal 19-20 September yang akan datang di Singapura.
Kami tertarik untuk mewawancarai Prof Pant mengenai tren Human Capital maupun tentang SHCS sendiri. Wawancara tersebut kami sajikan apa adanya di bawah ini agar pembaca dapat mendapat wawasan dari kata-kata sang profesor langsung.
Prof, you were also speaking for the last year summit. How do think this year summit differs from last year’s?
I think the focus is different because the context is different. Last year, we were in the middle of a more positive feeling about where the world was at. It looked like we were coming out of the crisis – GM was making profits, banks were not in the news and we got a sense that business was heading back to normal. So it made sense for us to contemplate that the world would return to some kind of “business as usual.”
The situation this year is quite different. At the very least, the current slowdown will be a long one. At worst, it could send us back into recession. At a time like this we have to ask very different questions. Where will economic leadership, in particular the leadership of ideas, come from? The US economy is mired in a political as much as an economic slowdown. Not all the smoke and mirrors of the European Central Bank will fix fundamental issues that most European economies must deal with. At such a time can companies and countries in Asia, lead us back to some semblance of progress? This is a very different question from the one we had last time.
What are your expectations to this year summit?
To learn about interesting experiments that companies in Asia are trying in the domain of human capital. As an academic who studies the field, I have some thoughts to contribute about successful and unsuccessful attempts to leverage human capital differently in Asia. However, the most interesting opportunity for me, and I imagine others who attend the summit, is to learn first hand of real experiments that are being tried by companies in the region.
In this regard, the Human Capital Award is particularly interesting. Companies that win this award, represent the cutting edge of experiments in Human Capital attraction, retention and motivation. Learning from them is something I always look forward to at the summit.
You will be speaking about The Brave New World and implications for Asia, could you tell us a bit about that?
The world is betting on Asia. We are unlikely to see much growth from the advanced countries of the world in the medium term, for well-documented reasons. Africa is showing great signs of promise but the base we start from there is very small. So the only significant global growth opportunity lies with Asia.
But what must this growth be like? So far, most of the larger economies in Asia have grown by doing what the textbook says you should do at early stages of the growth cycle – invest in education, capital formation, and productivity growth.
However, there are lots of reasons to suggest that we are reaching the limits of growth on this dimension. First, advanced economies may not be able to absorb the amount of exports that have sustained the growths of many emerging economies so far. However, even more importantly, it is unclear that we can sustain or absorb the number of cars, the amount of electricity and the waste generated by 3 billion people beginning to consume in the way of advanced economies.
This means we need radically new business models. And that is my message. Firms operating in this region need to prepared not only to lead growth but to do so in ways that are inclusive, sustainable and radically different from ways that we have seen previously.
Specifically about Indonesia, what do you think about the implication of this globalisation, technology trend, etc for business in Indonesia? What do you think business world in Indonesia should do to anticipate?
I am very positive about future development in Indonesia. Indonesia has long been the country with the highest upside in the region. With its vast resources, highly sophisticated and large volume of human capital, it was hard to understand why Indonesia did not atttract the attention that went to other large countries in Asia. However, in the last five years, things have changed dramatically. I think you will see much greater global interest in Indonesia to the benefit of the people of Indonesia.
In terms of Human Capital, what is the latest trend of Human Capital that HR practitioners should anticipate and adapt to their system?
I’m not sure that there is any one trend that I can identify. I can say with some confidence however, that even the most slow to change companies recognize the potential that lies in their human capital. As volatility increases, no company’s leadership alone can provide answers to the diversity of judgments they must make. In such an environment, companies readily accept that they need to rely on a much wider pool of their talent for support.
The challenge they face, though, is how? How do they motivate their talent without binding them down to a mountain of KPIs? How do they empower their talent to address different problems without worrying too much about controlling what they are doing day to day? How do they make their work culture fun yet challenging? Companies that take the lead in answering these questions will be the ones that win the talent race.
Prof Narayan Pant sudah membantu berbagai perusahaan di Asia, Eropa, dan Amerika dalam memformulasikan dan mengimplementasikan strateginya. Mantan Dekan Executive Education INSEAD ini akan berbicara pada hari pertama sesi kedua SHCS tanggal 19 September 2012.
Tunggu liputan kami langsung dari Singapura. (*/@mei168)