ST EDMUND’S COLLEGE
G.L.S. Shackle Biennial Memorial Lecture
St Edmund’s College is pleased to announce the fifth in a series of biennial
lectures in memory of the late Professor G.L.S. Shackle.
The invited speaker is:
Professor Christoph Loch, Director of the University of Cambridge Judge
Business School and the title of his lecture is:
“Managing” the Unknown in Economics, Engineering and Evolution
To be held at 5.00pm on Thursday 6th November 2014 at the Faculty of Law
in Lecture Room LG18, West Road, Cambridge CB3 9DZ.
http://www.law.cam.ac.uk/about-the-faculty/how-to-find-us.php
All are welcome. Entry is free. A reception will be held following the lecture and
refreshments will be provided.
Enquiries: please contact the Master’s Secretary: [email protected] or Tel: +44 (0)1223 336122.
Information about the Speaker:
Professor Christoph H. Loch
Director of Cambridge Judge Business School and
Professor of Management Studies at the School
Dipl.-Wirtsch.-Ing. (Darmstadt Institute of Technology), MBA (University of Tennessee,
Knoxville), PhD (Stanford Graduate School of Business)
Research interests
How organisations make innovation happen; this includes innovation in products
as well as processes and practices, and it focuses on what happens on the
ground rather than just strategising at an aggregate level. The topic is
interdisciplinary and stretches from project management and processes
(operations), to strategic portfolios and strategy deployment (strategy), to
organisational structures and cultural habits (sociology), and to the motivation of
educated and autonomous personnel (psychology).
Specifically, research interests span six broad areas:
▪ Concurrent engineering and coordination in complex systems
▪ Managing highly novel, uncertain and ambiguous initiatives
▪ Resource allocation, portfolio management, and strategy deployment
▪ Performance measurement in R&D and uncertain projects
▪ Incentives, motivation and cultural evolution (behavioural economics)
▪ Manufacturing management and strategy deployment
Subject group: Operations
Professional experience
Director of the INSEAD Israel Research Center (2008-2011) and Dean of the
PhD Programme (Sep 2006-Aug 2009), INSEAD, Fontainebleau, France.
Associate (client consulting team member), McKinsey & Company, San
Francisco, USA, and Munich, Germany (Oct 1991-Dec 1993). Strategic Analyst
(competitor and industry analyses), Siemens AG, Munich, Germany (Summers
1986-1989). Lecturer (evening MBA course on Management Science and
undergraduate course in Operations Management), University of Tennessee,
Knoxville, USA (Jan-Jul 1987). Non-executive Director of educational software
start-up company Prendo (2000-present).
Professor Loch has been the
Chairman of the Behavioral Operations Management section of INFORMS
(2008-2010), Department Editor for both Management Science (R&D and
Innovation department) (2004-2009) and Production and Operations
Management (2003-2007, and the special issue on behavioural operations
management in 2011), and Associate Editor of Management Science, (20002004, 2009-2011), Manufacturing and Service Operations Management
(M&SOM) (2003-2011) and Operations Research (1998-2004).
Previous appointments
Prior to joining the School, Professor Loch was the GlaxoSmithKline Chaired
Professor of Corporate Innovation (2006-2011), Professor of Technology and
Operations Management (2001-2011) and Assistant and Associate Professor
(1994-2001) at INSEAD, Fontainebleau, France. From 2009 to 2010 he was
Visiting Professor of Operations Management at the Stockholm School of
Economics in Sweden, and in 2002 and 2003 was Visiting Professor in the
Information Dynamics Lab at Hewlett Packard Labs in Palo Alto, California.
Awards & honours
▪ Elected Fellow of the POMS Product Innovation and Technology Management
College, 2010
▪ Emerald Excellence Award for one of the 50 most cited papers, 2008
▪ ECCH Best Case Award for the case "Gemstone", 2000
Selected publications
Here are a selection of Christoph Loch's publications. Please see the "Selected
publications" tab above for a more comprehensive list.
Loch, C., Sengupta, K. and Ghufran Ahmad, M. (2013) "The microevolution of
routines: how problem solving and social preferences interact." Organization
Science, 24(1): 99-115 (DOI: 10.1287/orsc.1110.0719)
Cui, Z., Loch, C., Grossmann, B. and He, R. (2012) "How provider selection and
management contribute to successful innovation outsourcing: an empirical study
at Siemens." Production and Operations Management, 21(1): 29-48 (DOI:
10.1111/j.1937-5956.2011.01237.x)
Wu, Y., Loch, C.H. and Ahmad, G. (2011) "Status and relationships in social
dilemmas of teams." Journal of Operations Management, 29(7-8): 650-662 (DOI:
10.1016/j.jom.2011.03.004)
Loch, C.H. and Kavadias, S. (2011) "Implementing strategy through projects." In:
Morris, P., Pinto, J. and Söderlund, J. (eds.) The Oxford handbook on the
management of projects. Oxford: Oxford University Press, pp.224-251
Loch, C.H., Sting, F.J., Bauer, N. and Mauermann, H. (2010) "How BMW is
defusing the demographic time bomb." Harvard Business Review, 88(3): 99-104
Mihm, J., Loch, C.H., Wilkinson, D. and Huberman, B.A. (2010) "Hierarchical
structure and search in complex organizations." Management Science, 56(5):
831-848
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The G.L.S. Shackle Biennial Memorial Lecture:
Previously invited speakers:
1.
Professor Dr Axel A. Weber (9th March 2006)
President of the Deutsche Bundesbank, responsible for the Communication Department,
the Economics Department and the Research Centre of the Deutsche Bundesbank
Member of the Governing Council of the European Central Bank Governor of the
International Monetary Fund
Member of the Board of Directors of the Bank for
International Settlements
. Since 2009 Member of the steering committee of the
Financial Stability Board.
‘The role of interest rates in theory and practice – How useful is the concept of
the natural real rate of interest for monetary policy?’
2.
Professor Charles Goodhart CBE FBA (6th March 2008)
Norman Sosnow Professor of Banking and Finance, London School of Economics and
Political Science from 1985-2002, now Emeritus; Joint Founder, 1987, Deputy Director
1987-2005 and Member since 2005, Financial Markets Group, London School of
Economics. External member of the Monetary Policy Committee, 1997-2000. Publications
include: Money, Information and Uncertainty, 1975; the Evolution of Central Banks, 1985,
The Operation and Regulation of Financial Markets 1987, The Future of Central
banking, 1994.
‘Risk, Uncertainty and Financial Stability’
3.
Professor Brian Loasby BA (Cambridge) M.Litt, MA (Cambridge) 1998 (Thursday 4th
March 2010)
Assistant in Political Economy, University of Aberdeen, 1955-58, Bournville Research
Fellow, University of Birmingham 1958-61, Tutor in Management Studies, University of
Bristol 1961-67, (as Arthur D Little Management Fellow, with Arthur D Little Inc.,
Cambridge, Mass. 1965-66), Lecturer in Economics, University of Stirling 1967-68, Senior
Lecturer 1968-71, Professor of Management Economics 1971-84, Emeritus and Honorary
Professor 1984Member of Council, Royal Economic Society 1981-86, Member of Council, Scottish
Economic Society 1977-87, President, Scottish Economic Society 1987-90, Vice-President,
Scottish Economic Society 1990-2003, Member of International Advisory Board, Danish
Research Unit for Industrial Dynamics 1995- 2008, Vice-President, International Joseph
A. Schumpeter Society 2000-2004, Member of Advisory Board, Graz Schumpeter Centre,
2007 'Uncertainty and Imagination, Illusion and Order: Shackleian Connections’
4.
Lord Robert Skidelsky (8th November 2012)
Lord Skidelsky is Emeritus Professor of Political Economy at the University of Warwick.
His three volume biography of the economist John Maynard Keynes (1983, 1992, 2000)
received numerous prizes, including the Lionel Gelber Prize for International Relations
and the Council on Foreign Relations Prize for International Relations. He is the author of
the World After Communism (1995) (American edition called The Road from Serfdom).
He was made a life peer in 1991, and was elected Fellow of the British Academy in 1994.
He is chairman of the Governors of Brighton College.
‘The Impact of Quantitative Easing: Evidence
from the recent recession’
5.
Professor Christoph H. Loch (6th November 2014)
“Managing” the Unknown in Economics, Engineering and Evolution
The GLS Shackle Biennial Memorial Lecture series was devised by the late Professor Stephen
Frowen KSG, Fellow Commoner of St Edmund’s College and a founding member of the
Shackle Committee. The Lectures continue in his memory.
George Lennox Sharman Shackle was born in Cambridge on 14 July 1903 and was
educated at the Perse School. Being unable, for financial reasons, to take up a place at St
Catherine's College in 1920 he worked in a bank and later as a schoolmaster, and studied
for an external degree from London Univer-sity, which he obtained in 1931.
In 1934 he won a Leverhulme Research Scholarship to the London School of Economics
(taken up in January 1935), where his supervisor was F.A.Hayek. After hearing a lecture
by Joan Robinson at a seminar in Cambridge in 1935 he got Hayek's permission to study
the ideas of Keynes, and wrote as his doctoral dissertation (1937) what became his first
published book: Expectations, Investment and Income (1938). In March 1937 he joined
the Oxford University Institute of Statistics, as research assistant to Henry Phelps Brown,
and the work done in his two years there resulted in a dissertation for an Oxford D.Phil.
degree (1940).
In 1939 Shackle was appointed to the Economics Department of St Andrews University,
but on the outbreak of war was called to London, to work in Sir Winston Churchill's
Statistical Branch of the Cabinet Office until 1945, and thereafter in the Economics
Section of the Cabinet Secretariat. In 1950 he was made Reader in Economic Theory at
Leeds University, and in 1951 Brunner Professor of Economic Science at Liverpool
University, where he remained until his retirement in 1969.
Shackle was Visiting Professor at Columbia University, New York, 1957-8, and at
Pittsburg University 1966-7. After his retirement he lectured in Belfast. He gave the F. De
Vries Lectures in Amsterdam in 1957 and the British Academy Keynes Lecture in 1976.
He was a member of the Council of the Royal Economic Society 1955-1969, and was
made a Fellow of the British Academy in 1967, and of the Econometric Society in 1960.
He was President of Section F (Economics) of the British Association in 1966. He
published more than a dozen books, and contributed many articles and reviews to
learned journals.
Shackle married G.C. Susan Rowe in 1939 and had two sons and two daughters. Mrs
Shackle died in 1978 and in 1979 he married Catherine Gibb (née Weldsmith). He lived
in retirement in Aldeburgh, Suffolk, and died there on 3 March 1992.
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