Steve McKinney Speaks at the Conference on Fostering Strategies for Future Entrepreneurs.

For Immediate Release
November 17, 2008

(Seoul, Korea) The Korea Institute for Future Strategy (KiFS) & the U.S. Department of Commerce in partnership with the Ministry of Knowledge-based Economy, Republic of Korea held a conference on the topic of entrepreneurship. The emphasis was on the importance of innovative entrepreneurs as a new engine for economic growth.

The focus was on the different economic environment that future entrepreneurs will face, and the necessary qualifications for them to be better equipped to cope with the new challenges. It highlighted that the future entrepreneurs can only be fostered when the state, the firms and the individual can make converted efforts.

The keynote speakers were Mr. John Fogarasi, Minister-Counselor for Commercial Affairs, and Mr. Tim Kane, Senior Fellow, The Kauffman Foundation. In addition, there were other sessions on the Role of the Public Sector and the Role of Multinational Firms in Fostering Future Entrepreneurs.

The panellist for the multinational firms’ session was Moderator Mr. Moses Awe from Ernst & Young Senior Vice Chair, Mr. Kim Choong-Ho Medtronic Managing Director, Mr. John Il Kwun Carlyle Group Representative Director and Mr. Steve McKinney, President of McKinney Consulting Inc. The topic of discussion was the role of multinationals in fostering entrepreneurial growth in the economy, how they advance innovation and economic development in the countries where they work, and how they encourage both internal and external entrepreneurs.

Mr. McKinney spoke about the “How To Lose Innovation” and the “Clash of New Ideas”. Entrepreneurship is nothing if not about introducing new ideas.  It is about introducing ideas, protecting those ideas in their infant stages, executing those ideas, and finally allowing those strong young ideas to cannibalize the weak and old ones the company is still hanging on to. The full text of this speech can be found here .

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About McKinney Consulting

Steven B. McKinney is the Founder and President of McKinney Consulting, Inc., a retained executive search and coaching firm based in Seoul, South Korea. His connection with Korea goes back more than 25 years. During this time he has developed a refined expertise in helping global companies and leaders succeed in the region. Steve is also the Industrial Practice Leader for IMD International Search and Consulting.
 
McKinney Consulting Inc. is a member of the Association of Executive Search Consultants (AESC) and is a partner firm of IMD International Search and Consulting.  Founded in 1972, IMD International has more than 40 offices and 175 consultants worldwide.
 
About Association of Executive Search Consultants (AESC)

The Association of Executive Search Consultants is the worldwide professional association for the retained executive search industry. The AESC's mission is to promote the highest professional standards in retained executive search consulting, broaden public understanding of the search process, and serve as an advocate for the interests of its member firms. For more information, or to view the AESC Code of Ethics and Professional Practice Guidelines, go to www.aesc.org.