Terence Tse

Terence Tse
Alma mater Judge Business School, University of Cambridge
Occupation Associate Professor of Finance
Website TerenceTse.com

Terence Chee Ming Tse [謝慈銘] is an Associate Professor of Finance at the ESCP Europe Business School, as well as an advisor and commentator. Tse is an expert in the subjects of competitiveness and the economic and social affairs of the EU/Eurozone and China. He co-founded the concept of Fast-Expanding Markets and has published widely in this area. The Financial Times named Tse 'Professor of the Week’[1] for the FT lexicon in May 2013.

Background

Tse spent his childhood in Hong Kong before moving to Toronto at the age of 14 in 1986. After receiving his BA in German and Economics from the University of Western Ontario, Canada in 1995, he moved to the Saarland University, Germany, which awarded him with a Master of Economics in 1998.

Following a move to the UK, Tse gained an MA in corporate strategy and governance from the University of Nottingham in 1997, after which he received his doctorate in from the Judge Business School, University of Cambridge in 2005.

Work

Tse began his career in mergers and acquisitions at Schroders in Montréal and New York, which later became part of Citibank. Subsequently, he joined Lazard Brothers.[2] In 2005 he worked for Ernst & Young in London providing advisory to the UK financial services sector. Prior to this, he also consulted Shell International, F&C Asset Management, Alliance Boots and Alitalia, as well as a start-up in diagnostics based at the University of Cambridge. Additionally, he worked with the European Parliament in an advisory capacity. He has also worked as an advisory to Qesson, an education group.

Alongside his professorship at ESCP Europe Business School, he is also Head of Competitiveness Studies at the i7 Institute for Innovation and Competitiveness, an academic think-thank based in Paris and London. He is also faculty of the Microeconomics of Competitiveness Curriculum developed by the Institute for Strategy and Competitiveness at Harvard Business School.

Fast-expanding Markets

Fast-expanding Markets (FEM) is a concept Tse co-founded with his long-term academic partners Mark Esposito and Khaled Soufani (of the Judge Business School at the University of Cambridge).[3] It describes: “any rapidly growing opportunity in which the market is the focal point. Such a market may exist at the supranational, national, regional, industrial, cluster, sector, corporate or product levels.”[4] These markets are often pockets of excellence that are not detected or overlooked by traditional ways of searching for new opportunities.

The DRIVE Framework

Tse developed the DRIVE Framework with Mark Esposito to demonstrate how developments in global economies can be predicted and acted upon by understanding five large-scale processes:

Demographic and Social Changes, e.g. aging populations.
Resources Scarcity, e.g. access to and maintaining energy supplies.
Inequalities, i.e. increasing wage gaps.
Volatility, Scale and Complexity, such as changing business practices.
Enterprising Dynamics, or how new economies are innovative.

It is expected that, through the Framework, businesses and governments can learn to predict economic changes and have a greater impact from their decisions when dealing with them.

Publications

Competitiveness and the Eurozone Crisis

2015

2014

2012

Youth Unemployment

2014

Entrepreneurship and Innovation

2015

2014

Fast-Expanding Markets

2013

Crowdfunding

2014

Education and Recruitment

2014

2013

References

  1. 'Professor of the Week’', Financial Times
  2. Terence Tse The Huffington Post, retrieved June 1, 2015
  3. 'Khaled Soufani' Judge Business School, retrieved September 29, 2015
  4. Fast Expanding Markets European Business Review, retrieved September 5, 2015
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