10 Break-Out Sessions

  • Time: 3:30 pm - 4:30 pm

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A Demographic Revolution: Young India Takes Charge (with All India Management Association)
Speaker
Ritesh Agarwal, Founder and Chief Executive Officer, OYO Rooms
Pranjal Sharma (Topic Leader), Economic Analyst, Advisor and Author, India

India is undergoing its economic, technological and demographic transition simultaneously. An old country is becoming youthful and adventurous with the passage of time. Young Indians like OYO founder Ritesh Agarwal are quietly taking charge of Indian ethos by becoming icons of audacious aspirations and tangible proofs of its potential, spawning startups that are becoming most valuable and famous than many legacy companies. How can young revolutionaries find ways to carry the older generation of investors, regulators, workers and consumers with them and what can other economies and founders learn from India’s momentous transition?

Collaborative Advantage Across Generations: Reflecting on the SGS Experience (ISC Alumni)
Speaker
Former Members of the International Students' Comittee
Christoph Loos (Topic Leader), Chief ­Executive ­Offi­cer, Hilti AG
Vivian Bernet (Topic Leader), Head of the Organising Committe, International Students' Comittee
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For over 50 years teams of student have volunteered to organise the St. Gallen Symposium. They have written countless invitations, met thousands of partners, and welcomed some of the most important personalities of their time on stage. Together with former members of the ISC we will reflect on the St. Gallen Symposium experience of cross-generational dialogue and collaboration, the lessons they have learned for their lives and on how the symposium has evolved. This session is organised together with ISC Alumni.

Collective Genius? Cultivating Creativity in the Arts and Beyond
Speaker
Susan Goldsworthy, Affiliate Professor of Leadership, Communications and Organizational Change, IMD Business School
Gerry Hofstetter, Light Artist & Film Producer Hofstetter Marketing
Javiera Estrada, Artist
Tatjana Rupp (Topic Leader), Member of the International Students' Committee

As the need for innovation is growing, the routinisation of well-structured creative processes within organizations is key for concurrent value creation. Prof. Susan Goldsworthy of IMD, this year's St. Gallen Symposium artist Javiera Estrada and Light Artist Gerry Hofstetter will discuss the role of collaboration in the creative process. Together, and in conversation with the audience, they’ll explore the way collaboration can drive creativity in various organisational contexts, and, on the other hand, the role of introversion and lone contemplation in creating something new.

Connecting Business with Purpose: The Potential of Skills-Based Volunteering
Speaker
Curdin Duschletta, Head Community Impact Switzerland & Foundations, UBS
Christopher Jarvis, Executive Director, RWInstitute
Prof. Amanda Shantz (Topic Leader), MBA Director and Professor of Management, University of St.Gallen

Many employee volunteering and giving programs are presented as an employee perk, similar to casual Fridays or a team-building event. But treating workplace giving and volunteering this way fails to fully capitalise on the great potential of such programs: to foster employee personal growth, and address key societal challenges. The panel will particularly explore the potential of skills-based volunteering, its benefits, and the unique challenges that arise when moving from merely transactional volunteering to something far more transformative.

Financing the Next Generation of Entrepreneurs
Speaker
Patrick Zhong, Founding Managing Partner, M31 Capital
Makram Azar, Founder and Chief Executive Officer, Full Circle Capital
Prof. Julia Binder (Topic Leader), Professor of Sustainable Innovation and Business Transformation, IMD Business School

The investment landscape over the next twenty years will be radically different from previous generations. While there appears to be greater access to capital, there also appears to be much more volatility and debt with no clear dominant financing mechanism. Entrepreneurs, VC, Private Equity, and banks will have to find new ways to work together to create growth and stimulate innovation. How can investors and entrepreneurs better collaborate and find mutually beneficial agreements that balance risk and return?

Hacking the Fashion & Luxury Watchmaking Industry towards more Sustainability (with Condé Nast College)
Speaker
Martina Bonnier, Editor-In-Chief, Vogue Scandinavia
Raynald Aeschlimann, President and CEO, Omega S.A
Carmen Jenny, Co-Founder and Chief Executive Officer, CLOTHESfriends AG
Johannes Reponen (Topic Leader), Director of Post-Graduate Programmes; Academic Affairs; Research & Knowledge Exchange, Condé Nast College

The fashion industry accounts for 10% of humanity’s annual carbon emissions – more than all international flights and maritime shipping combined. For long, the fashion and luxury watchmaking industry drove, together with the fashion media industry, unsustainable dynamics in the sector: generating more and more demand through an artificial cycle of new collections and seasonal trends. Businesses’ marketing, media as well as influencers thereby create a constant longing and demand for their products. How can designers, fashion houses and publishers exit this vicious cycle and, collaboratively, drive the transition towards more sustainable and ethical fashion and luxury watchmaking?

M100 Sanssouci Colloquium@St. Gallen: Media’s New Power: More Impact Through Collaborative Journalism
Speaker
Mathias Müller von Blumencron, Journalist, Member of the Board, Tagesanzeiger and Advisory Board Member M100 Sanssouci Colloquium
Joanna Krawczyk, Chairwoman, Leading European Newspaper Alliance
Paul Radu, Investigative Journalist, Co-Founder OCCRP
Astrid Frohloff (Topic Leader), TV Presenter and Journalist, Advisory Board Member M100 Sanssouci Colloquium

Media diversity, freedom of the press and freedom of expression in Europe are currently under threat. Journalists and independent media companies are increasingly joining forces across borders to respond to such challenges as well as to be able to continue to offer independent quality journalism in the future. This session will identify learnings from new media partnerships such as the Leading European Newspaper Alliance (LENA) and the Organised Crime and Corruption Reporting Project (OCCRP) to identify how media can most effectively work together.

Democratizing Access to the next Generation of Technology and Innovation: Communities and Radical Transformation
Speaker
Gina Loften, Member of the Board of Trustees, TIAA
Luzius Meisser, Chairman, Bitcoin Suisse
Tycho Onnasch, General Manager, Trust Machines
Shuo Chen (Topic Leader), General Partner, IOVC

Technology, innovation, and entrepreneurship are key drivers of the modern economy and social mobility. Given their importance, we should strive to improve accessibility to tech, education and entrepreneurship across all backgrounds. Creating open and inclusive communities, especially with tech is important to accomplishing this goal, but it is easier said that done. Simultaneously, a third iteration of the internet – Web3 – has the potential to radically transform the internet of things and reduce barriers to access. How can these forces be effectively harnessed and directed for the benefit of all people and move the world forward?

Varieties of Tech Capitalism: Europe's Approach to Innovation and Regulation in a Global Context
Speaker
Julian Teicke, Founder and Chief Executive Officer, wefox
Lisa-Marie Fassl, Co-Founder and Chief Executive Officer, Female Founders
Christoph Keese (Topic Leader), Managing Partner and Chief Executive Officer, hy

Over the past decades, the tech sector, especially the internet of things, has become a central component of modern economies. Trying to catch up with the exponential pace of technological development, the US, China, and Europe are crafting rules of the game on digital markets. What are the emerging characteristic differences between regulatory regimes of digital markets, in the US, Europe and beyond, and how do they balance innovation and regulation? In light of strategic competition over tech dominance between the US and China, what are the opportunities and challenges for Europe in particular?

Changed for Good? Engaging with the New World of Work
Speaker
Petra von Strombeck, Chief Executive Officer, New Work SE
Jean-Christophe Deslarzes, Chair of the Board, Adecco Group
Nat Ware, Founder & CEO Forte
Prof. Heike Bruch (Topic Leader), Director, Institute for Leadership and Human Resources Management, University of St. Gallen
Watch Here

The Covid-19 pandemic has changed the world of work forever. The fast and widespread adoption of remote work and an ever-increasing concern of employees with purpose and meaning on their job have intensified the war for talents. Reaching out to and concurrently engaging employees is key for businesses across sectors and regions. What learnings can be drawn from the pandemic as regards our approach to work? Has the world of work changed for the better? And what role does leadership culture and a new approach to hiring play going forward?

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Why Share Your Data With a Dating App, But Not With a Doctor?

In healthcare, a responsible use of our data could save lives. Yet, the default option for patients is to refuse data sharing and linkage – while at the same time sharing their data with numerous commercial apps and services. How can we overcome this paradox?

Have you met your digital twin? You may have caught glimpses of him or her when looking at personalised advertisements. Digital twins come from the engineering industry, for example in airplane manufacturing. Instead of flying an airplane into a thunderstorm, a flight simulator with a virtual model of the plane is used to assess what happens. A similar idea has arisen in healthcare. Rather than finding the best medication for a patient by trial-and-error, a computer model could test each medication on a digital twin, a virtual model of someone’s genetic data, medical history and daily behaviour.

The virtual traces we leave behind have great potential for healthcare, especially the by-products of our daily life. Most people do not see their doctors often yet use their smartphones every day. The sensors of the smartphone register movements, location, screen use, which are indicators of our circadian rhythm, mobility and sociability. These indicators reveal health problems long before a doctor can detect it: smartphone data can predict complications after operations, the onset of psychosis and quantify patients’ behavior during a pandemic.

Data Sharing Paradox

Health data can save lives – especially when people avoid care-seeking because of an ongoing pandemic. But is everybody keen to get a digital twin? There is a data sharing paradox: opposed to data sharing when we are asked, yet extensively sharing data in our daily life.

On the one hand, public concern over the consequences of data sharing and linkage has been rising. In 2016, the European Union passed a law that gives citizens more control over their personal data, the GDPRVarious governments started implementing systems for health data sharing that were later abandoned over privacy concerns. Companies with a business model built on linking and sharing data, have come under increasing scrutiny and millions of people changed to messaging apps that do not share data.

On the other hand, people use more digital technology than ever. Our search history, phone contacts and daily movements leave digital traces everywhere, accessible to apps and network providers. From these by-products, elaborate digital twins can be created and sold. While granting one app access to your contact list does not seem a big deal, these digital glimpses can become full-colour pictures when linked to datasets collected for other purposes. Marketing companies use these digital twins to develop personalised advertisements, governments to study mobility, journalists to personally identify secret agents and locate secret military bases or identify visitors to New York strip clubs and find out whether celebrities tip their cab drivers.

Strengthening Trust to Overcome the Paradox in Healthcare

Healthcare researchers are caught within the paradox. They want to explore and unlock the potential of our digital twins. If people share by-products of their phone use, it may help us in the fight against COVID or to prevent suicides. If researchers can link health data sources, we can build a learning health system that studies the outcomes of patients-like-you from the past to find out what treatment is best for you. Yet when people get a free choice to share their data, they often opt-out.

Interestingly, healthcare researchers have found that when people are well-informed, they may be more willing to share data, not less. In an innovative way to gauge and gain the public’s trust, researchers invented the ‘citizen’s jury on data sharing’. It is modelled after American trials-by-jury, where a cross-section of the population is invited to decide on the outcome of a lawsuit. The Manchester-based research team invited a cross-section of society for a jury verdict around how the organization should protect and use health data. During three days, the jury heard expert ‘witnesses’ giving their view on data sharing and linkage. After being thoroughly informed, the jury voted on whether health data should be shared with public institutions and companies, and on whether people should opt-in or opt-out. Through the course of the three days, jury approval for some uses of data increased – especially uses with a clear public benefit.

Overcoming Double Standards

Healthcare researchers are dependent on citizens’ willingness to opt-in to data sharing. Where commercial apps can collect (and sell) data completely unrelated to the services they provide, healthcare researchers have to justify why the data they collect is essential to answer their research question. If it isn’t essential, ethics committees will refuse approval. Researchers need to specify how the data will be used and have to provide options to opt-in or out to secondary use by other parties. Commercial apps can bury that information in lengthy Terms & Conditions full of legal terminology, and then require users to ‘agree and proceed’.

Having two standards that are so fundamentally different – one for commercial use, one for healthcare use of data – undermines public trust. If we gain more control over the digital by-products of our daily life, we may be more willing to reveal parts of it to the right people, for the right purpose. That is important, because our digital twin can save lives.

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