Treps share lessons learned in Monaco

Good things happen when conferences expand the formal agenda to ask participants for their thoughts on big issues. This was the scene at the EY World Entrepreneur Of The Year event in Monaco in early June.

We invited our guests -- respected entrepreneurs in their fields -- to six private sessions addressing the issues we all grapple with in running a business. We present some interesting takeaways from the conversations.

Innovation

How do we innovate successfully? Can you be too innovative? What does it take for innovation to transform a market? These are some of the topics tackled in the session led by EY’s Bryan Pearce, Americas Director, Entrepreneur Of The Year and Venture Capital Advisory Group.

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Health care

The skyrocketing cost of health care calls for the current care model to change. But how? And how can entrepreneurs help bring about and benefit from that change? Dr. Richard Lewis, a partner in EY’s UK&I health care practice, moderated the discussion.

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Technology

Since mobile devices are everywhere, their popularity has many implications for both business and society. This was the main thrust of our discussion on technology, moderated by Joe Muscat, an EY Strategic Growth Markets Leader.

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Consumer products

Reaching today’s busy consumer and building a powerful brand were front-and-center topics in our session on Consumer Products, moderated by Mike Sills, EY Consumer Products Leader for Europe, Middle East, India and Africa.

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Family business

While every family business is unique, many share common challenges. This was a dominant idea in the session on family business, led by EY Family Business Leader Peter Englisch.

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Emerging markets

When entrepreneurs consider entering emerging markets, what constitutes due diligence? And do the risks justify the rewards? Our discussion on emerging markets touched on these and other compelling questions. Ringo Choi, EY Asia Pacific Strategic Growth Markets Leader, moderated the session.

Top takeaways