Archive for the ‘Chinese MBA’ Category

Supply “China” Management

Saturday, June 30th, 2007

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Superior SCM at Li & Fung Ltd.

The goal of effective supply chain management is to “gain competitive advantage through optimizing flows within the enterprise”. The Hong Kong listed company, Li & Fung Ltd. represents one of the world’s best examples of achieving this goal. The company financial history clearly tells that story. Just last year, L&F saw profit attributable to shareholder increase by 23%. In fact, over the past 14 years, L&F has seen steady compound annual growth rate of 22%. Not bad performance for a small family company that started in Guangzhou in 1906 trading silk and porcelain. In 1937, L&F moved its headquarters to one of the world’s most efficient seaports, Hong Kong, a move that would have a critical impact on their supply chain management. The L&F Group now has three main business groups in trading, retailing, and distribution. Garments make up the major portion of L&F business also including fashion accessories, furnishings, gifts, handicrafts, home products, promotional merchandise, toys, sporting goods and travel goods.

L&F is a leading company in supply chain management. Its success over the past two decades has made it one of the premier knowledge centers of research and experience optimizing a company supply chain. Several case studies have been done on the company touting it as an ideal business education example of supply chain management success. L&F continues to augment its supply chain knowledge through an in-house Research Center that scientifically analyzes how to optimize supply processes even further. They are developing models that keep L&F on a continued trend of industry leadership. L&F also partnered with the Chinese University of Hong Kong to share some of its knowledge with the world via the Li and Fung Center for Supply Chain Management where they publish journals, give presentations, and offer consulting services.

So what gives L&F their advantage in supply chain management? (more…)

Managing Dragons

Friday, June 29th, 2007

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Dragon boating lessons in leadership and management

I have always been fascinated with outdoor sports. Something about getting out there and exploring a new running trail, scaling a route up a new rock, or steering a mountain bike down a new path. It’s exciting to see nature’s scenery from behind a sweaty brow and a rapidly beating chest. Moving to China limits the opportunities. The crowding factor caused by four point three billion reduces the opportunities. Then came the dragons.

Every June in southern China is the duanwu festival. An ancient legend of a desperate poet and a mourning village is the history behind the festival. The modern reincarnation is a lively day of glutinous rice, thrashing water, and finely-tuned muscular bodies. Oh, and the boats. 端午节 or the Dragon Boat Festival carries on customs that have been around for Chinese millenniums. Most exciting of all are the exquisitely decorated and unbelievably long dragon boats 龙舟. They parade back and forth on rivers and lakes all over south China beating their enormous drums as hundreds of men (and now women) paddle and propel the dragons forward with each synchronized arm rotation.
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惊闻高校MBA要当售楼员!?

Thursday, June 28th, 2007

  听说最近有排名全国TOP10之内的某高校MBA学生要去某著名商业楼盘当一线售楼人员,据说是为了实践和学习。然而,最近在网上看到一篇文章,讨论在中国“就读MBA到底值不值”?福布斯中文版负责人的回答是,一般而言就读MBA是非常值得的,因为MBA教育可以带来直接的薪资快速增长和职位的快速提升。既然MBA教育可以带来直接的薪资快速增长和职位的快速提升,那么这些MBA学生当一线售楼人员的目的到底是什么呢?真的是为了学习还是为了商业抄作呢?
  
  “《福布斯》中文版市场部主管杨山杉认为,MBA教育可以给学员带来直接的薪资快速增长和职位的快速提升。比如针对2002届中国MBA毕业生的调查表明,全日制MBA毕业生就读前后的薪资增长达到96.8%,毕业后4年的年平均薪资涨幅达到24.9%,平均年薪24万元;在职MBA毕业生就读前后的薪资增长达到62.9%,毕业后4年的年平均薪资涨幅达到22.1%.而针对2005届MBA毕业生的调查表明,这一届毕业生就读前后的薪资增长达到 74.9%.MBA教育也帮助MBA毕业生获得了快速的升迁。而且综合调查也显示,全日制MBA毕业生平均需要2.7年收回投资,毕业4年后平均年薪24 万元,是入学前的3.75倍,毕业后年均薪资涨幅为24.9%.在职MBA毕业生平均1.6年即可收回投资,毕业4年后平均年薪为18.7万元,是入学前的2.8倍,毕业后年均薪资涨幅为22.1%.在就读MBA之前,仅有22.4%的学员在企业中出任总监以上级别的高层管理职位,而在毕业4年后,则有 50.5%的学员出任高管,其中16.4%的学员已经成为企业最高管理者。”

Things floating in the Pearl River

Sunday, June 17th, 2007

If you ever get the chance to train for the dragon boat competitions in China, it’s great fun to get out on the river. The air flows freely, the water refreshingly splashing in your face, and dramatic weather swirls overhead – fantastic sunsets, ferocious storms, and beaming sunlight. It’s really a great workout and a nice way to see a different perspective of China. Nothing quite like training for the traditional southern China duanwu festival.

In our dozen or so morning and afternoon practices we’ve had the opportunity to observe some of the “natural wildlife” on the river. Besides our 20-some-odd undulating paddling bodies, there is plenty else afloat in the Guangzhou Pearl River. The Zhujiang is technically one of a network delta where estuary waters churned by a daily tide mix fresh and salt water for a most fascinating concoction. Here’s a running list of some of the more interesting things we’ve spotted from our oversized canoe.

1. Leeches (small ones in the bottom of the boat by our feet)

2. Raw sewage (a noticeable dark cloud of stink)

3. Condom (used)

4. Dead rat (large and bloated)

5. Dead turtle

6. Dead chicken

7. Dead pig (in a sack)pig

8. Dead dog (missing front legs and head)dog + dead chihuahuadead_dog2

9. Dead fish (of course)

10. Woman bathing (old and naked)

11. People swimming (yes, many of them – we regularly steer to avoid them – oh and they’re still alive)

Guangzhou Multinational Dragon Boat Team

Saturday, June 16th, 2007

jia_you
在MIX成为流行元素的今天,我们有一个至IN的组合。
他们,来自不同的国家—-中国,美国,加拿大,法国,泰国……
他们,来自不同的专业—-MBA,金融,国贸,保险……
他们,有着不同的文化背景和思维方式
但,相同的是,他们都有满腔的热情,都热爱着中大和中国的文化。
请举起你的双手,释放你的激情,为他们—-中大岭院佳得乐梦之队,加油!

Sun Yat-sen University, Lingnan College and Gatorade (Pepsi Co.) are hosting a team to compete in the 2007 Guangzhou International Dragon Boat Competition. The competition is held during the Duanwu Festival and is an annual event that attracts teams from all over China and the world. The races are held on the Pearl River between Jiefang Bridge and Renmin bridge. This year’s event on June 23rd will attract 112 professional and amateur dragon boat teams from countries as far as Singapore, Australia, Canada, etc. Thousands of spectators show up at the river’s edge to cheer on the teams for this lively festival.

The Dragon Boat Festival is a traditional Chinese holiday that dates back to ancient times. In the fourth century B.C., the Warring States period in China, there was a great poet named Qu Yuan in the kingdom of Chu. There came a time when the kingdom of Qin attacked and conquered the Chu kingdom. Out of devastation and concern for his country, Qu Yuan threw himself into the Mi Lo river in what is now Hubei province. The people loved the talented poet and rushed out in their boats splashing their paddles to scare the fish away from Qu Yuan’s body. They wrapped rice in leaves and threw it in the river to feed the fish so they would not bother Qu Yuan. Today, the Duanwu festival captures the spirit the villagers racing out in their boats for the beloved Qu Yuan.

Sun Yat-sen, Lingnan College is one of the premier education centers in China. The college offers top-ranked degrees in International MBA, Economics, International Trade, Finance, etc. The Lingnan Gatorade Dragon Boat Dream Team members are all students at Lingnan college. They all hail from a variety of cultural backgrounds – from all over China and as far as France, Canada, United States, and Thailand. But they all have two things in common – motivation to be a winning dragon boat team and a passion for Chinese culture. This year’s competition is sure to be an exciting event! Come cheer on your school in the traditional Chinese Dragon Boat festival!

See more pictures here and here! Also short news report in English and 中文新闻. Official Lingnan dragon boat website here.

dragon_boat

Chinese Corporate Competencies

Thursday, June 14th, 2007

Sunzi
Sat through an interesting class in Human Resource management recently that contained a bit of interesting information. The focus of the class was teaching business students how to identify a company’s core competencies. In the western world, the modern idea of “competency” in business has been around since the early 70s. Its origins lie in the US State Department where McClelland developed an initial version of the Behavioral Event Interview that was used in hiring foreign service officers. The BEI method was improved in the 80s to the point where it is now used across industries in current competency modeling.

Companies develop competencies like “teamwork” and “analytical thinking” based on the qualities they think they’re looking for in employees in order to help the enterprise as a whole realize its mission and vision. These competencies are the fuzzy definitions of qualifications that job applicants are striving to exhibit in a job interview. Companies use competencies to guide HR staff in selecting the right people for a variety of positions that may differ widely in technical requirements (easy to discern in an applicant) but all require similar corporate competencies.

The Chinese have only recently come on board with corporate competency modeling. In the early ‘90s, famous companies such as Lenovo, Huawei, and Vanke were all pioneers in developing not only corporate mission and vision statements but competencies that they looked for in their employees. So why such late-comers? Some would argue that China is just slow to saddle up to the capitalist table. Anyone that’s traveled to/read a bit about China knows that capitalism is alive and well in the once-closed society. Some Chinese would also argue that competencies are an inherent value of almost any Chinese person – an ingrained cultural sense in their national psyche. The famous military philosopher, 孙子, or Sun Tzu as he is known in the west, was perhaps one of the first people to really think about and teach core competencies. In his popular book, 兵法 or The Art of War, is now almost required reading for every professional in the western world 商场如战场. In this work, Master Sun clearly outlines what he considers the five competencies of a successful military general – 信 credibility,智 wisdom,勇 bravery,仁 benevolence,严 discipline. The parallels between war and business are all-too-similar sometimes. These qualities of a good military officer are almost always at the core of any modern business’ core competencies. For more information about Sun Tzu’s thoughts on business and how it applies to both Chinese and western business practice, you can peruse here.

MIT in China

Wednesday, June 13th, 2007

In 1996, MIT Sloan School of Management established partnerships at two top-ranked Chinese universities, Tsinghua and Fudan. In 1999 they came back to and created a program with Lingnan College at Sun Yat-sen University. MIT also recently started a program in the western mountainous province of Yunnan. MIT Sloan provides textbooks, training for professors, visiting professors, and guidance on how to run an exceptional MBA program. MIT takes its expertise in running one of the best MBA programs in the US and applies a similar model to the best universities in China. It gives Chinas future business leaders a professional MBA program for a fraction of the price and an excellent opportunity to hone skills in business English. International students now too are recognizing an ideal way to study the best American business education has to offer in a Chinese environment.

After over 10 years of operation, the MIT’s China MBA programs are running stronger than ever. Not only are the schools attracting some of the best talent in China but at the same time they have developed a powerful alumni network. Next semester at Lingnan college, MIT’s premier business school in southern China, will welcome over 10 international students as well to its program in Fall 2007. The MIT programs in China continue to be ranked among the top 10 business schools in China.

As the MIT-sponsored universities continue to grow and improve their programs, they are also preparing to move in new directions – with strategies to adapt to a rapidly increasing market for Chinese business education. With a sound foundation in western-inspired MBA education, the schools are now building more and more components of specifically Chinese business concepts into their programs. China MBA News reports:

In an interview Alan White, the senior associate dean of MIT Sloan and shown here in China, said, ‘Our approach is to work with Chinese Faculty and educators to assist them in determining their definition of a Chinese MBA. Educational materials in China need to be developed based on Chinese practice, not on Western practice. For this reason, we do not transport MIT to China; we consider the approach of establishing Western schools in other countries the missionary approach. This is not our concept. Our program focuses on Chinese faculty development. To develop a great university you develop the faculty.’

As an international student currently enrolled in Lingnan’s MBA program, I encourage and welcome these new changes. Many of the professors, though their careers boast of experience all over the world, were born Chinese and have extensive experience in some of China’s most successful corporations. As China’s stock market rises and more businesses look to China as more than just a place for cheap labor and other resources, MBA graduates are being called to take on larger roles in both multinational and Chinese corporations that involve a critical Chinese management component. For the past couple decades, “Chinese business” was largely analyzed and taught from a western perspective – the west’s interpretation of how best to do business in China. Now it is time for Chinese managers and professionals to step up and start to tell the world not only how to do business in their country but how best to do business with their country. Chinese corporations like Lenovo and Haier have already made international recognition for their brands. More are on their way.

Lingnan teaches a fine course on International Business Management. The professor, Dr. Songhua Hu, not only has an excellent understanding of international business procedures and regulations but he adds an interestingly and exclusively Chinese element to the course. The course uses both the latest text in International Business from MIT Press but also uses an well-researched text published by Dr. Hu, himself, at Sun Yat-sen University Press. The case studies are an intriguing mix of Dr. Hu’s Chinese teaching and working experience coupled with selected international case studies. This combination gives a unique China component to the curriculum. This trend will only continue as the western-partnered universities in China work to better meet the needs of the international roster of students in their classrooms.

Western supported education in China is no longer a one-way street of funding, training, and teaching. It’s time for the west and China to start sharing more with each other about the world’s best business practices.

『天涯杂谈』研究生、MBA、老外自费划龙舟

Saturday, June 2nd, 2007

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Guangzhou’s premier multinational team from Lingnan, Sun Yat-sen University is currently training for the annual Guangzhou dragon boat championships. Read all about the fine sport of dragon boating and this unique team here.

  又快到一年一度的端午节,“龙舟”比赛,这个传统的庆祝方式又一次走进人们的视野。
  但试问:有多少中国人会去关心?
  如果,让你去参加划龙舟比赛,你会去么?
  如果,让你顶着37度的高温,在烈日下训练,你会去么?
  如果,还让你要自己掏腰包,每次20元钱,你会去么?
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Chinese family values

Thursday, May 31st, 2007

family_guy
Sun Yat-sen University Lingnan IMBA program recently held a guest lecture series in Corporate Ethics or more specifically, “Leadership, Humanity, and Corporate Citizenship”. The seminar series was led by renowned lecturer and MIT professor, Leigh Hafrey. A few biographical notes about Dr. Hafrey:

International ethics expert, Hafrey graduated from Harvard & holds a Ph.D. from Yale. After receiving his Doctorate, he started his teaching career at MIT (Massachusetts Institute of Technology). Having held the most prestigious post of Staff Editor (Sunday review section), The New York Times, Hafrey has been a visiting Scholar at Harvard’s Center for European Studies & a Lecturer at the Harvard Business School. Since 1995, Hafrey has been distinguished faculty at Sloan School of Management.

Dr. Hafrey led the class through a lively discussion of American and Chinese ethics in the workplace using films and written selections as a central media throughout his teaching. We watched and discussed Tom Cruise’s transformation from a self-serving sports management agent to a client-focused, values-based entrepreneur in Jerry McGuire. We examined traditional Chinese roles and those that challenge them in The Long Road Home. We laughed and reflected on Danny Devito’s aggressive corporate take-over tactics and philosophy in Other Peoples’ Money. Dr. Hafrey spurred an interesting discussion among my Chinese classmates on many interesting topics that may later serve us well in the business world.

At one point in the course, Dr. Hafrey asked us to write a bit about the values that guide our behavior as we think about our future private and professional life. Not quite too sure what to write about, I picked a recent brief conversation I had with a fellow classmate in one of Dr. Hafrey’s previous sessions.

I learned something about Chinese thinking that appears to differ quite significantly from western assumptions about universal values. We were asked to watch the movie, Hotel Rwanda, in preparation for class. The movie is about the genocide that occurred in the mid-90s and a particular Rwandan hotel manager who saved the lives of hundreds of people with his quick-reacting pragmatism in a time of intense national crisis. At a particular point in the movie, the main character, Paul Rusesabagina, secures a spot for his family and himself on an evacuation aircraft. He helps his wife and children onto the truck that will take them to the airstrip. In a moment of guilt, he glances back at all the people he is leaving behind as refugees at the hotel (and will likely die very soon). As the manager of the hotel, he feels it is his responsibility to stay back with those people and do what he can to help them to hopefully live. He leaves his family to follow what could be called a duty to his countrymen and his customers at the hotel who desperately need his help avoiding almost certain slaughter in the next few days/hours.

At this point in the movie, I lean over to my Chinese classmate and say, “What would you do? Would you leave your family like that?” (we learn later that his family drives into a rebel ambush that almost kills them, and actually prevents their extraction from the country) My classmate, almost without thinking about it, says “Of course!” At this point I realized, there may be an underlying difference between US and Chinese culture in way we value our families.

Going back to the brief essay we all wrote for Dr. Hafrey’s lecture – after the lecture a classmate asked me what I wrote about. Turns out this same classmate wrote about the same topic – the difference in the way we think about our families in our two countries. He wrote about a conversation he and I had several months ago. He and I both were members of a business plan team that won a school competition last semester. He recalled my apprehension about initially joining the team because of the additional time (for a required business plan class) needed on the weekend. I expressed to him that in the US, I was used to spending weekends with my family and was unsure about the extra time I would have away from home (in addition to the full-time weekday MBA courses). He didn’t say at the time but he remembers thinking that my comment was such a strange reaction.

Incidentally, I ended up joining the team and not missing too much time at home. In fact, I had a wonderful experience being a part of a winning team and learned a great deal about working so close with the Chinese and designing a competitive business. Anyway, I thought this was interesting and since realizing all this have started to really admire the Chinese loyalty and commitment to company, country, and society. Perhaps this is something else the West could stand to learn from our Chinese friends.

Aflac – Ducking into the Chinese insurance industry

Saturday, May 26th, 2007

This is an analysis of the Chinese insurance market and the opportunity for foreign direct investment. We begin with a look at one American firm’s successful entry into the Japanese market and then address the feasibility of expansion into the Chinese mainland. We welcome your feedback.

Aflac Japan

In the 1970s, Aflac Inc, a U.S. insurer, proposed to enter the Japanese market with a great idea. Selling cancer insurance in a relatively new market for American products was a concept that everyone seemed to think was a “wild idea” – even Aflac’s Japanese competitors in the target market, Japan. This is probably one of the best advantages a firm can have when considering Foreign Direct Investment (FDI) – having an idea that is so great yet so apparently crazy to domestic competitors that they let your company try just to watch you fail. In Aflac’s case, of course, that freedom was an unrestricted path to capturing a large portion of Japanese consumer market share.
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