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27 European Business Magazine Summer Edition 2017

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europeanbusinessmagazine.comSUMMER EDITION | 2017EUROPEAN BUSINESSInternational Coach Federation: Supporting The Rise OF Executive Coaching Throughout…
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europeanbusinessmagazine.comSUMMER EDITION | 2017EUROPEAN BUSINESSInternational Coach Federation: Supporting The Rise OF Executive Coaching Throughout EuropeCryptocurrencies / Fintech / USA Investing / Choose Colorado / Business Optimization Processing / Emerging Payment Technologies / Executive Coaching Swedish Style / Rise Of The Cheap SmartphoneGot the guts? It takes courage to grow. Challenge yourself with an Executive MBA at Stockholm School of Economics. Get more information and apply at www.hhs.se/mbaSUCCESSLIVESHEREWHERESUCCESS GOES TO LIVE HAPPILY EVER AFTERWhy has the number of bioscience companies in Iowa grown more than 141%*? Why has advanced manufacturing grown to be our largest industry? Why do more than 6,200 companies employ over 92,000 workers in the financial and insurance industry in Iowa? It’s simple. Iowa has built a business environment that breeds success. We believe in working hard. And living well. It’s a healthy balance that produces a productive and motivated workforce. Generates opportunities for our companies. And sparks a leadership in innovation and technology. Check out our website today. Learn why Iowa is where success lives.iowaeconomicdevelopment.com iowaeconomicdevelopment* 2016 SOURCE: TEConomy PartnersbusinessiowaCUSTOMER SERVICE WITHCONTINENTAL REACH SIX SERVICE CENTRES CONVENIENTLY LOCATED FIVE LINE MAINTENANCE FACILITIES MOBILE SERVICE UNITS AIR RESPONSE AIRCRAFT OVER A MILLION STOCKED PARTS IN EUROPEOur European service network offers excellent coverage during AOG, scheduled and unscheduled maintenance events. In addition to conveniently located service stations, support aircraft and mobile service units deliver technicians and parts directly to you. Take advantage of expert assistance that’s always nearby.Learn more at service.txtav.com.SERVICE CENTRE LINE MAINTENANCE©2016 Textron Aviation Inc. All rights reserved.DRIVE MEANINGFULCHANGE IN YOUR ORGANIZATION.More than 60% of organizations with strong coaching cultures have employees who rate themselves as highly engaged. SOURCE: Building a Coaching Culture with Managers and LeadersCoaches that hold a credential from the International Coach Federation (ICF) have the training and experience necessary to help your organization achieve its goals. Find an ICF-credentialed coach today at CredentialedCoachFinder.com.Coachfederation.org| 1.888.423.3131 | icfheadquarters@coachfederation.orgWelcome to the era of Tax Possible Now, for the first time, tax is in command of its own data. Able to unify data from multiple ERPs and transform it to manage the end-to-end lifecycle for all tax types, on a global scale. Processing data at unheard of speed and accuracy to perform ETR scenario planning, cash tax forecasting, provision close and true-ups, transfer pricing, compliance, indirect tax trend analysis and more. Powerful data management, giving tax greater visibility into financial and reputational risks in today's BEPS world of tax transparency. Working together with our clients and partners, we’ve created Vertex® Enterprise, a fundamentally new way to improve and control all aspects of tax process management — from the smallest operation to full-scale transformation. It’s the beginning of an exciting new era. An era where all things are Tax Possible.taxpossible.com Income Tax · Value Added Tax · Indirect Tax · BEPS CbCRwww.gatcLP.comSUCCESSFULLY ESTABLISHED OVER 200 FOREIGN COMPANIES IN THE US! MARKET ENTRY | MARKET EXPANSION | BUSINESS TURNAROUND | PROJECT SUPPORTABOUT USSince 1983 we have supported small and medium-sized businesses with their US operations, regardless of size, industry, or home country. Decades of practical experience and local knowledge, paired with our reliable back-office service, make it possible for our foreign clients to have a transparent, cost-effective and lasting professional presence in the US. By supplying all necessary resources in-house, we provide our clients with the foundation for long-term success and substantial growth.ExperienceOver 35 yearsYOUR US SUBSIDIARY WHAT WE DO FOR YOUStaff managedOver 100+WHAT YOU DOINFRASTRUCTUREFINANCEOPERATIONSSALESOFFICE SUITESACCOUNTINGMANAGEMENTBUSINESS DEVELOPMENTWAREHOUSEAR / APORDER PROCESSINGPRODUCTION/ ASSEMBLYSHARED OFFICE BUILDINGADMINISTRATIONWAREHOUSINGWHERE WE MIGHT SUPPORTHRLOGISTICSMARKETINGCurrent Clients30+Office Space25,000+ ft² Warehouse Space55,000+ ft²Ȉ Client Revenue USA US$ 80M+GATC LP | 5126 S ROYAL ATLANTA DRIVE | TUCKER, GA | 30084 USAMARKET COMMUNICATIONinfo@gatcLP.comWESTERN FRANCEPAYS DE LA LOIRE REGIONAL INVESTMENT AGENCY 8 GOOD REASONS TO INVEST IN FRANCE PAYS DE LA LOIREȦ GLOBAL INDUSTRY LEADERSȶCENTRES OF EXCELLENCE AND INNOVATIONȴ A CULTURE OF NETWORKINGȏȍA TALENTED AND HIGHLYSKILLED LABOR FORCEA REGION CONNECTED TO THE WORLDȰ A REGION PROMOTING SOCIAL PROGRESSȮA REGION RENOWNED FOR ITS QUALITY OF LIFECONTACT: Mrs Nadia CHIBOUTI International Development & Inward Investment Advisorȁ A CULTURAL AND CREATIVE BREEDING GROUNDTel: +33 (0) 240 48 83 05 e-mail: n.chibouti@agence-paysdelaloire.fr Web: www.invest-western-france.com Twitter: @InvestWFSIZE DOES MATTERBig.SpacesBetter.OptionsBest.ExperiencesIt’s been said that size doesn’t matter, but when it comes to creating extraordinary experiences for your guests, delegates or attendees, we have to disagree. That’s why we recently expanded the CTICC with the sole aim of giving our clients and guests more…More space. More flexibility. More award-winning cuisine. More attention to detail. More convenience. More breathtaking views. More parking. More facilities. All of which give you more opportunity to transform your meeting, event, conference or show into a truly extraordinary experience.To discover the massive positive impact our bigger and better convention centre can have on your brand or business, contact the CTICC today on +27 21 410 5000 or email sales@cticc.co.zaEDINBURGH An award winning investment destinationINVEST EDINBURGH – BEST FDI GLOBAL STRATEGY FINANCIAL TIMES, fDi MAGAZINE 2016/17ENTREPRENEURIAL CITY OF THE YEAR GREAT BRITISH ENTREPRENEUR AWARDS 201646% OF WORKING AGE RESIDENTS HOLD DEGREES Source: Scottish Government, Scottish Household SurveyDIRECT FLIGHTS TO MORE THAN 120 DESTINATIONS BEST PLACE TO LIVE IN THE UK YOUGOVLEADING EUROPEAN DESTINATION FOR TECHNOLOGY AND FINANCIAL SERVICES2.3M EDINBURGH FESTIVAL FRINGE TICKETS SOLD (2015)IN 2016£7.7M ECONOMIC IMPACT FROM FILMFor further information please visit www.investinedinburgh.com321 FILMS AND TV PROGRAMMES MADE IN THE EDINBURGH REGIONTable of Contents 14Latest CEO Movements in European Business15Latest Technological Gadgets 201717Emerging Payments Technologies2058European Business Magazine talks to Magdalena Mook CEO of International Coach Federation61All You Need to Know About The FinTech IndustryBitcoin and the Future of Cryptocurrencies66The Digital Impact of Instagram on Purchasing Decisions24What’s Next for Jeff Bezos and Amazon?68Google And YouTube Target “Conspiracy Theories” In New Quality Control Update26The Meteoric Rise Of The Cheap Smartphone69Charming for tourists…even more Attractive for Businesses29Foreign Direct Investment in the United States – No Better Time, No Better Place72Just Why Do Millennials Love Polaroid?32Colorado’s Diverse Industrial Base76Only You Boutique Hotel Madrid36Coming To America79The Evolution Of An Icon40Colorado Insight82The Blue Frontier, Humanity’s Next Home45Your Region For Success In The USA8648Executive Learning Scandinavia StyleEuropean Business Magazine talks to Jason Oxenham CEO Rocket Languages50Executive Education With the Stockholm School of Economics88Samsung Chooses Berlin Over London51Innovative Learning With The SSE MBA91Top Start Up Regions in Europe 201796What Can Tesla Autopilot Teach us About Business Process Automation?53Spotlight Focus on SSE’s MBA Programme54Coaching to Contentment56Coaching – Good For Business101 How Artificial Intelligence Is Affecting Us 107 Disaster For Big Pharma As 50% Of People Report Quitting Pills For CBDeuropeanbusinessmagazine.comEUROPEAN BUSINESSeuropeanbusinessmagazine.comMAGAZINEPublishers NoteWelcome to the Summer Edition of European Business Magazine. Traditionally a quieter quarter compared to other periods, things haven’t slowed down whatsoever this year. With GDPR fast approaching, changing data laws quite significantly, Europe is bracing itself for a new period in data protection. As for Brexit, whichever way you look at it, and it has been turned inside out by the British media, it hasn’t changed that much from a year ago and is still a giant mess. It has been reported that the divorce settlement will cost the UK £67 billion with no one really knowing exactly what the future holds except that 2019 is now the new date for officially leaving. Will the UK leave the single market or keep that separate? Will they ever leave or will there be another referendum? Your guess is as good as mine. As for the goings on across the pond, Donald Trump’s daily tweets keep us amused and seem to be his way of avoiding employing a director of communications, resulting in a catalogue of errors. Russiagate seems to have passed, but boy did the media have a good go at trying to bring him down. After months of speculation, and delving into depths beneath plankton, the Washington Post and the New York Times called for Donald to be impeached, but it appears zilch was found, apart from emails incriminating Hilary. Onto our summer edition - we cover some ground on the latest activities across Industry in Europe. Our front cover and lead feature focuses on executive learning, how attitudes have changed dramatically regarding using coaches within business to enhance performance across organizations and how to become one yourself. We look at the rise of its success across Europe and to accompany this lead feature we had the pleasure of interviewingthe CEO of the International Coach Federation, Madgalena Mook, who gave us the low down on where they are with their current business operations, plans for the future and what direction they are looking to go. It is a great interview, looking at the huge success of the ICF since its inception. Other interviews come from Jason Oxenham, Head of Rocket Languages, who tells us all about their plans to gain global dominance in the online language marketplace to Stephanie Copeland, Executive Director of Colorado Economic Development and International Trade, who tells us exactly why so many businesses are moving there. Colorado is featured heavily as we focus on its burgeoning industries and its big attractions for both US and global corporations. We also look into the fascinating and ever changing world of Bitcoin and Crytopcurrencies, transforming people into multi-millionaires over night by choosing the right currency. We look at why there is such huge interest, to what they actually are, and, most importantly, what is the future. We also feature heavily on Fintech and Artificial Intelligence and cover how it is affecting us and our environment. The re-emergence of Polaroid was a nice feature to cover and we also touched on the latest payment technologies that are emerging. Additionally, we looked at MBAs and executive education and how they approach it, Scandinavia Style. We talk with the Stockholm School of Economics who tell us what they have to offer and why so many executives are knocking on their door to enhance and further their careers. All in all, we have given you the latest, and the more interesting stories vis-à-vis what’s going on in the European business world.Nick Staunton PublisherPublisher Nick Staunton Editor Katie Winearls Deputy Editor Anthony Gill Associate Publisher Brad Adams Features Editor Patricia Cullen Head of Production Marija Hajster Head of Design Vladimir Mladenovski Subscriptions Manager Rebecca Hill Head of Business Development Paul Matthews Advertising Sales Brad Adams Tara Duckworth Advertising Sales Tara Duckworth, Mike Ray, Andy Ellis, Mark Holburn Contributing writers Patricia Cullen, Richard Fitzpatrick, Bala Murali Krishna, Shilpa Meen, Argee Laraya, Aimee Ni Mhaolcraibhe, Gordana Ristic, Jonathan Hooker, Jose Ignacio Latorre Head of Digital Stephen Scott Photographer Ben Fisher NST Publishing Ltd, 19 Leamington Spa (studio 1) Leamington Spa,Cv324tf, UK The information contained has been contained from sources the proprietor believes to be wholly correct however no legal liability can be accepted for any errors. No part of this publication can be reproduced without consent of the publisher.CEO SHUFFLEEuropean Business Magazine gives the low down on some the recent reshuffles amongst the highbrow in the business world AKZONOBEL:CARREFOUR:Thierry Vanlancker has succeeded Ton Buchner as the chief executive at AkzoNobel, after Buchner stepped down on health grounds. Buchner’s decision came weeks after successfully foiling a takeover bid by America’s PPG. Vanlancker, a DuPont veteran, joined the Dutch paint manufacturer in 2016.Alexandre Bompard has taken the helm at the world’s secondlargest retailer, after investors voted to end Georges Plassat’s five-year stint. He was previously the chief executive of consumer electronics retailer Fnac Darty. Bompard, 44, is tasked with hoisting Carrefour into the digital era amid growing competition from Amazon.C&A: Former Rewe chief executive Alain Caparros has joined textile chain C&A as its European CEO, breaking its parent company Cofra’s tradition of picking insiders for the top job. Caparros succeeds Philippe Brenninkmeijer, who resigned in May amid growing pressure from investors to modernise operations in the fiercely competitive business.ENDEMOL SHINE: Sky executive Nicola Bamford has been named chief of international operations at the television production house famous for shows such as “Big Brother” and “MasterChef.” She takes office in October, succeeding Martha Brass. The former Disney executive will manage operations in France, the Iberia Peninsula, Italy, Israel, China, India and Southeast Asia.ITV: EasyJet CEO Carolyn McCall has been named to succeed Adam Crozier at the British broadcaster ITV early next year. The former Guardian executive has helmed the low-cost airline for the past seven years. ITV, valued at about £7 billion, is the biggest freeto-air commercial broadcaster in the U.K.TIFFANY:PORTUGAL TELECOM:Diesel SpA chief executive Alessandro Bogliolo will take the reins at Tiffany. Bogliolo, 52, spent 16 years at Bulgari SpA, besides working at Sephora. He will take office in October. The American jewelry maker is eyeing younger shoppers to reverse a slump that led to the ouster of CEO Frederic Cumenal.Cláudia Goya, who was most recently chief operating officer at Microsoft Brazil, has been named the CEO of Portugal Telecom. She succeeds Paulo Neves, who is assuming the position of chairman at the parent company, Altice group. She has previously worked for Microsoft in Portugal, and at Proctor & Gamble and Galp Energia.14 europeanbusinessmagazine.comLatest Technological Gadgets 2017 Louis Vuitton’s Tambour Horizon smartwatchLouis Vuitton finally dips its toe in the smartwatch with the launch of the Tambour Horizon Connected range. The 42mm luxury watches are priced at $2,450 and upwards. In comparison, Apple’s iWatch tops at $1,499, if you ignore Brikk’s diamond-crusted version that costs a whopping $115,000. The French fashion house, as you might expect, wants to make ugly smartwatches look beautiful. “For us, the aesthetic is non-negotiable,” CEO Michael Burke told The New York Times.The Tambour Horizon Connected comes in three variants – polished steel, brushed steel and full black. Accessories include a range of 30 different straps each for men and women. The watches run on Android Wear 2.0, the free operating system from Google, and use a Sanpdragon 2100 processor. Featuring a 1.3-inch 390 x 390 AMOLED screen, the little beauties come with 4GB storage and 512MB RAM.Andy Rubin’s Essential smartphone Android founder Andy Rubin’s Essential smartphone is coming soon to Europe. The $699 minimalist phone is billed as an alternative to the duopoly of Apple and Samsung, but oddly enough itself runs a version of Android. It is designed for “trend setters and technology seekers,” and will be delivered with no preloaded apps. Rubin believes Essential will enhance smartphone innovation even as the device has aged quickly. True to promise, the Essential smartphone will be launched with a snap-on 360-degree camera, priced at $50. Essential also plans to roll out clip-on devices for audio, fitness and virtual reality. europeanbusinessmagazine.com 15Huawei Honor Band 3 Chinese brand Huawei is raising its game, and its ambitions, in the fitness band market. Its latest Honor Band 3, notably adds better water resistance at up to 50 metres with a move to IP67, and is now on par with the iPhone.The Honor Band 3 sports a 0.91-inch AMOLED screen and provides battery life of up to 30 days. It can be synced with smartphones running Android 4.4 (or later) or iOS 8.0 (or later). It comes in four colours – Dynamic Orange, Classic Navy Blue and Carbon Black.Among other things, the wearable continuously monitors heart rate and tracks sleep, and has a pedometer to count steps and an exercise tracker. At 18 grams, and £60, it is light on the hand as well as the wallet.Dell’s wireless charging hybrid laptopIt might be in the category of “I didn’t really ask for it,” but who doesn’t love to go wireless. Dell’s hybrid laptop with wireless charging, first unveiled at this year’s CES at Las Vegas, is claimed to be the world’s first in its category. The Dell Latitude 7285 costs $1,199 in the U.S. but users will have to shell out $199.99 for a wireless 16 europeanbusinessmagazine.comcharging mat or $379.99 for a wireless charging keyboard. The laptop features a 12-inch screen with resolution of 2880x1920 pixels, and runs on Windows. The hybrid claims battery life of up to six hours when used as a tablet, and up to nine hours when attached to the keyboard.Emerging Payments Technologies By Bala Murali KrishnaIt is not hard to understand why FinTech is among the hottest areas of startup activity. Or why payments platforms, in particular, are the hottest area of innovation in finance. At the heart of this new zeal is a clutch of emerging technologies such as Internet of Things, artificial intelligence (AI) and blockchain, and a string of slightly more mature technologies such as cloud computing, Big Data, Bluetooth, near-field communications (NFC) and biometrics. Exciting new startups are racing to mix and match these technologies to create new payments platforms, notably on mobile devices, in what looks like the biggest wave of financial disruption since PayPal emerged in the late 1990s. Incentives to do so have never been higher. The non-cash payments market was worth $1 trillion in 2015 and is estimated by the Boston ConsultingGroup (BCG) to double to $2 trillion in 2025. Big as the number is, there might be even more in the pot at the end of this rainbow. That is because the global payments industry will still represent less than a third of the traditional banking market. It is no surprise then that the biggest technology giants – Apple, Google and Samsung – are in the fray to mint money, some literally so. So are financial giants such as Barclays, JP Morgan Chase and Bank of America, and emerging ones such as Santander. Incumbent credit card giants Visa, MasterCard and American Express – who probably have the most at stake – are also right at the forefront, partnering with several startups to tap new technologies. Here’s a quick look at some of the interesting payments technologies emerging across the world:Amazon Go: Cocktail of Technologies This concept store – no checkout, no lines and no attendants – might be the holy grail of payments processing, as much as that of retail. Amazon’s prototype, unvei
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