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Michele Appendino

Founder
Net Partners
Milan, Italy
Michele Appendino
Founder
Net Partners
Milan, Italy
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1. What does it mean to you to have been selected as a "Global Leader for Tomorrow"?

It is certainly something I am very proud of. To me it means I now have the responsibility to act as a "Global Leader" in whatever future endeavours I will find myself into. I also means I still have a lot to achieve in order to be able to try one day to be a real Global Leader, not only a potential one.

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2. You have been selected by the World Economic Forum for what you have already done in your life, "holding positions of considerable power, influence and responsability". What are the 3-5 things you are most proud of?

I have always wanted to be an entrepreneur. I have been able to start my own investment company and to develop it into an international organization - Until mid 2000 I was proud to have had the vision to start early in the internet in Europe and to have benefited from the hype. Now I am more proud to have been able to survive the worst downturn of recent years and to still be around... - I believe a true leader needs to have a balanced life and I believe I have been able to maintain such balance.

3. The World Economic Forum is "committed to improving improve the state of the world". You will participate in shaping tomorrow's world. What impact would you like to have?

- So far I have been focusing my attention mainly to business, now I would like to extend my reach outside my specific area. - Being involved in the business creation and growth process (key to any developed economy) I hope I will one day be able to apply my learnings to help develop regions or to form entrepreneurs. I believe in our dynamic era, forming to be "entrepreneurial" is key to being able to adapt to situations and probably to reduce unemployment, particularly in Europe where people are used to being "nurtured" much more than in the US.

4.The World Economic Forum is also a forum to discuss the present state of the world economy. What is the analysis you would give?

Difficult one... In 1999 people were saying the world was facing 5 years of continuous growth. Then the world faced the most significant downturn after World War II. The current recession is a business recession very different from the previous ones. Interest rate cut alone might not be sufficient Recovery will certainly come but in my opinion a bit later and less strongly than it is predicted today. Whatever is the outcome, there are two certain implications. 1- Many regulations/systems of developed world need to evolve (for example how can the 7th largest company go bankrupt without anybody noticing?) 2- Economic forecasting and policy might need to evolve too. With all the efforts in place, how is it possible that in January 2001 a major economic publications was forecasting almost 3% growth for 2001 for US and Europe?


Michele Appendino
Founder
Net Partners
Milan, Italy

Nationality: Italy
Born:1965

Professional Profile: Venture capital firm focused on financing private companies at all stages of development

Personal Profile: Graduate in Electronics Engineering, Polytechnic, Turin, Italy; MBA, INSEAD, France. Formerly with: FMC, California; Anderson Consulting, Spain; 1992-96, Senior Engagement Manager, McKinsey and Company, Milan. 1997, Founder, Net Partners

Dieser Artikel ist erschienen am 30.01.2002