The world of business has become more interconnected with multiple cross border sharing of resources and capabilities, knowledge and skills. The information and technological revolutions have further emphasized innovation as a critical element in sustaining corporate and economic growth. With the growing importance of emerging, non-Western economies in the global economy, the need to search for innovation and innovative strategies becomes paramount. A tiny island nation with a population of 5 million, Singapore aims to be at the focal point of innovation in Asia and therefore is the right place to meet. We are pleased that this conference is being convened by the Deans of the four leading business schools in Singapore, and appreciate their support of this event.