Portraits of Success: Australians and New Zealanders leading global business
On Friday 4 December 2015, ANZCCJ’s “Portraits of Success” event brought together 3 distinguished Australian and New Zealand global business leaders to present to us their international business success stories in Asia, with a focus on Japan.
The panel consisted of Ms Leanne Cutts, President and Representative Director of Mondelez International; Mr Ross Rowbury, President and Representative Director of Edelman Japan; as well as Ms Vanessa Wallace, Japan’s Chairman and Senior Partner at PricewaterhouseCoopers (PwC). The discussion panel was moderated by Mr Edward Cole, Managing Partner of Freshfields Bruckhaus Deringer’s Tokyo Office and ANZCCJ Vice Chair.
The panel discussion began with a question on how changes to the relations between Japan and its neighbouring countries in the Asian Pacific region have effected businesses and what new opportunities and challenges arose for their (and their client’s) businesses. The implications of the newly formed Japan-Australia TPP and the constantly ageing/ shrinking Japanese population were of particular focus. The panel also highlighted the importance of informal networks in helping to respond to these changes and provided insights on how to look for information/ techniques to help understand the Japanese markets better.
Challenges in recruiting talent, both within Japan and from overseas (eg internal secondments), as well as the benefits of having a diverse workplace were discussed. Ms Leanne Cutts and Ms Vanessa Wallace also examined the challenges and advantages of being a senior business woman in Japan.
For future business strategies, the panel acknowledged the differences in risk-taking behaviours in Japan and how changing plans are not often welcomed by more conservative Japanese managers and staff. The panel then provided advice on how to manage risk-taking behaviour and whether “strategy” talk is helpful or not from their own experience. The event concluded with a conversation about business prospects for 2016.
ANZCCJ was honoured to host this panel and would like to thank all participants who attended the event. Special thanks to our 3 panel guests, Leanne, Ross and Vanessa as well as our Vice Chair, Ed. We look forward to seeing you at the next Portraits of Success event.