——By Adeline Goh Yun Ni, Tsinghua-MIT Global MBA Class of 2018
This article is part of a series covering
Tsinghua Student Dialogues with Advisory Board Members. These dialogues took
place on October 20, 2016, in association with the larger Tsinghua SEM 2016
Advisory Board Meeting.
We
were honored to welcome Mr. Andrónico Luksic, Chairman of the Luksic Group and Quiñenco
S.A. Mr. Luksic brought decades of industry and life experience and was
gracious enough to share them with students during a fruitful two-hour dialogue
session.
As
the head of one of the largest conglomerates in Chile, Mr. Luksic first offered
his view on China’s economy based on his business experience here. He expressed
great confidence in China, suggesting that it will continue to grow not just in
terms of global economy and politics but also in the digital arena. From his
perspective, tapping into China’s pre-existing technology and infrastructure
will allow Chinese enterprises to find significant opportunities in the South
American market. Under his and the Luksic Group’s generous support, the
Tsinghua Center for China-Latin Management Studies was established in 2010, following
the 2007 introduction of the China/Chile Culture & Management Immersion
Experience program. Mr. Luksic hopes to continue to bridge the differences
between China’s and Latin America’s businesses to promote more business
opportunities and mutual investment interests.
Mr. Luksic touched on the issue of
succession in the Luksic Group, crediting his father for the groundwork he had laid
before passing the baton to Mr. Luksic and his brothers. His father created a
unique incentive mechanism of having a foundation manage profits from the
company. These profits were allocated to family members as compensation for
their work in the company. He also noted that by listing the company on a
public stock exchange, the company’s annual performance was open to public
scrutiny, which helps the company recognize areas for improvement that might
not otherwise be identified.
On a personal note, Mr. Luksic shared
about his mountain-climbing experience. A quick internet search will reveal
that Mr. Luksic is known for scaling all Seven Summits without prior
mountaineering experience, but little is written about his motivation to do so and
the struggles he went through. He shared, humorously, that he ventured into
mountaineering in a bid to woo his current wife, and it ultimately proved
successful. Although he considered giving up, after evaluating the amount of
effort he had invested in mountaineering, he decided to persevere. The hardest
moment for him was after summiting Mount Everest, where he was overcome with
joy and cried so hard that he ran out of oxygen. According to Mr. Luksic, “If
you are convinced that you can do it, you can make it”; through the support of
his friends and his willpower, he managed to return safely from Everest.
Last
but not least, Mr. Luksic concluded the session with some advice on students’ university
life and future development, arguing that higher education is invaluable
precisely because it teaches us to think and analyze alternatives. He
encouraged students to read the news on a daily basis to catch fresh ideas, use
them to build a better career, and be a “citizen of China and also of the world.”