INSEAD celebrated the opening of the new S$55 million Leadership Development Centre on 15 January 2015. The six-storey, 10,000 square metre building addresses accelerating demand for management and leadership education in Asia.
As many of today’s key growth markets are located in Asia, businesses worldwide are looking to gain better understanding of the rapidly changing opportunities and challenges in the region.
The Leadership Development Centre will allow INSEAD to build its world-class faculty to 70 in Singapore and significantly increase the number of students, executives, top scholars and practitioners on the Asia campus.
With this commitment, INSEAD faculty will have the opportunity to expand their research in areas such as emerging markets, Asian business leadership and global strategy, among other subjects.
An Executive Environment
The Centre offers the faculty an array of cutting-edge pedagogical tools and provides participants with interactive and technologically advanced learning environments. Features include professional audio and visual conferencing equipment, full HD projection and state-of-the-art ceiling microphones as well as full HD web-based conferencing capability in all 41 rooms.
Beyond technical sophistication, the Leadership Development Centre has a sparse design that creates an executive environment. The ergonomics of the building were carefully considered with fine attention paid to the acoustics, lighting and flexible spaces.
The stylish dining room and lounge, enlarged gym and new residence rooms all have received high praise from participants.
Off to a Productive Start
During its first year, the Centre welcomed close to 3,000 executives and managers who attended INSEAD Executive Education programmes on topics including leadership, strategy, management, corporate governance and region-focused initiatives. Twenty-four percent of the participants were “c-suite” level executives. In total, Executive Education conducted 104 Open Enrolment and Customised sessions that added up to 100 weeks of highly rated sessions.
Partnering for Success
From around the globe, more than 170 donors, comprising alumni, faculty and staff, made generous contributions totaling S$20 million to fund the Centre. This sum includes donations to INSEAD’s Brick Campaign as well as two major gifts, each of S$5 million: one from André Hoffmann, MBA’90D and the other from Indonesia’s Soeryadjaya family in memory of their late father William Soeryadjaya and his wife Lily.
More than 154 highly devoted alumni volunteers also played an important role in the success of the project. The Singapore Government and the Economic Development Board, in particular, were instrumental in bringing this premier business innovation hub to the region.