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Global Competitiveness Forum: A Framework for Success in a Changing World
Tuesday, November 13, 2012 at 5:30 PM (EST)
GLOBAL COMPETITIVENESS FORUM
A Framework for Success in a Changing World
The Center for International Business Education and Research and The George Washington University School of Business are pleased to offer a series of several events with the underpinning theme of how governments can help businesses today and how business-like governmnets can help build a nation's global competitiveness. This series, which will run between October 2012 and November 2012, will feature discussions by top executives, policy makers, and thought leaders in the area.
This lecture features:
Honorable Suresh Kumar -- Distinguished Visiting Professor of International Business, GWSB; Recent Assistant Secretary of Commerce; Director General of the U.S. & Foreign Commercial Service; and Former Corporate Executive at Johnson & Johnson
Suresh Kumar is a Distinguished Visiting Professor of International Business at the George Washington University’s School of Business and was most recent Assistant Secretary of Commerce and Director General for the U.S. & Foreign Commercial Service (USFCS). While with the USFCS, Mr. Kumar spearheaded the National Export Initiative and also led the unit’s “America’s Sales Force” and the trade promotion arm of the US Government that supports and provides customized solutions to U.S. businesses to compete and win in the global marketplace. The USFCS network of 1450 trade professionals extends to 109 offices across the U.S and 127 offices overseas in 77 countries. USFCS is the surrogate export department for SMEs and advocate for corporations in global public procurement projects. Under Mr. Kumar’s leadership, USFCS realized extraordinary results under flat budgets, and enhanced US business presence globally.
Prior to joining the Obama administration, Suresh Kumar spent over thirty years as an international businessman, consultant and professor of management educations. He is one of the country very few trifecta athletes who has contributed much to public service, private sector and to non-profit social sectors. Mr. Kumar has led global businesses of major US corporations and been responsible for business units across all continents. Between 1999 and 2003 Mr. Kumar headed the Worldwide Consumer Pharmaceuticals business of Johnson & Johnson and served on the corporation’s Group Operating Committee. He is credited with turning around the Emerging Markets business, establishing collaborations, developing and commercializing innovation pipeline, and building stakeholder trust in the corporation’s diverse global businesses. Mr. Kumar previously led consumer healthcare, confectionery and grooming businesses of Warner Lambert/ Pfizer as Vice President, Consumer Products for Latin America and Asia. A former member of the board of the World Self-Medication Industry (WSMI), Mr. Kumar has also served on the global councils of the American Management Association (AMA), the Association of National Advertisers (ANA), the Consumer Healthcare Products Association (CHPA) and the Thunderbird School of Global Management. In 2004 Thunderbird School of Global Management named Mr. Kumar Distinguished Executive-in-Residence for his contributions to global trade.
Honorable Fred P. Hochberg -- Chairman and President of the Export-Import Bank of the United States; one of the highest ranking business leaders in the Obama Administration
Bio: Fred P. Hochberg is Chairman and President of the Export-Import Bank of the United States and one of the highest ranking business leaders in the Obama Administration.
Under his leadership in FY 2011, Ex-Im Bank for the third-straight year set export finance records in a number of key areas. Overall financing for the first time exceeded $32 billion and supported $40.6 billion in exports and approximately 290,000 export-related American jobs at more than 3,600 U.S. companies. Small business financing rose over 70 percent from $3.3 billion in FY 2008 to $6 billion in FY 2011. Renewable energy export financing more than doubled to $721 million over the previous fiscal year.
During Hochberg's tenure, the Bank has increased its focus on customers, both foreign buyers and U.S. exporters. It is seeking new markets for U.S. goods and services in emerging economies with growing infrastructure needs, including Mexico, Brazil, Colombia, Turkey, India, Indonesia, Vietnam, Nigeria and South Africa. Hochberg has also worked to expand the global footprint of key domestic industries in which U.S. exporters have a comparative advantage. These include renewable energy, construction and farm machinery, medical technology, agriculture, and avionics. In addition, he has streamlined processes, cut transaction times and introduced innovative new financial products.
As head of Ex-Im Bank, Chairman Hochberg plays an essential role in President Obama's plan to double U.S. exports in five years.
From 2004 to 2008, Hochberg was dean of Milano, The New School for Management and Urban Policy in New York, N.Y. From 1998 through 2001, he served as deputy, then acting administrator of the Small Business Administration (SBA), where he quadrupled lending to minority- and women-owned small businesses.
Prior to his service at SBA, Hochberg was the long-time President and Chief Operating Officer of the Lillian Vernon Corporation, where he led the transformation of a small, family mail order company into an international, publically traded direct marketing corporation.
Hochberg is a past board member of the Port Authority of New York and New Jersey, the Citizens Budget Commission, and FINCA International Micro Finance. He was also an appointed representative to the New York State Financial Control Board.
A native of the greater New York metropolitan area, Hochberg received his undergraduate degree from New York University and his MBA from Columbia University. Hochberg's partner is writer Tom Healy.
Topics to be covered:
- Realities of a changing global economy
- What businesses require from their governments to succeed
- What is a level playing field? How does it look?
- How do we balance the needs of today with those of the future? How do we allocate resources among policy, strategy, and execution?
- What does winning in global markets look like? And what does it entail?