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FROM Nanyang Admissions Blog: StartMEup Session 1 – Turn Ideas into Action |
Submitted by Anggono Natalnugroho, Co-Chair of the Marketing & Entrepreneurship Club About twenty entrepreneurial like-minded people, an equal mix of MBA and graduate students, attended the StartMEup session last Friday, 21 November, at The Nest Theatre, Innovation Center. This event is organised by the Marketing & Entrepreneurship (ME) Club, supported by NTUitive, the university’s innovation and enterprise company. StartMEup aims to seed collaboration between business graduates and technologists, and meets them up with startups and support networks all over Singapore. Swarnajeet Mukherjee, a serial entrepreneur, opened the session with the keynote topic “Turn Ideas into Action”. He suggested the importance of starting a business before a venture. Essentially, it means a startup should start as early as possible executing the idea, getting initial customers, serving them the best we can, getting feedback from them, then once the business is stable, we may start to think about a venture, i.e. getting funding from venture capitalists, etc. Another important thing he stressed on is about partnership. For instance, if we start a business selling an innovative pencil, then our impact will be amplified if we can also partner with a startup who sells books. Partnering with complementary product is a way to scale up our business faster. Think this as Network Economy. The second guest was Fang Kok Boon, chief executive of Blacksmith, the world’s first rotary 3D printer startup. He spoke on the topic of sharing secret ideas. In short, we should not be paranoid in sharing our ideas to everyone, with only two exceptions — Do not share your idea with a venture capitalist who invests in startups like yours, and do not share to those who have the same area of interest as you, obviously. About Blacksmith, he was inspired by an old turntable record player when prototyping the rotary 3D printer by himself at home. Supported by NTUitive, he successfully funded his idea via Indiegogo, a crowdfunding platform, in just June this year. Currently in production, this 3D printer will be sold at $2,999. Pretty reasonable, right? The third speaker was Steve Wah, CEO of Smoov, an online payment gateway like Paypal, but focuses on SME in the Southeast Asia region (now operates in Singapore, Malaysia, Vietnam). You would think that it is crazy to get into an already fragmented payment apps market. However, Smoov’s offering is not just another app. It offers a very unique proposition, a platform for SME, which would not be taken away even by Apple Pay or Google Wallet. A very sound business model, just like what we learn as business students about strategy. The final speaker of the session was Frankie Lee, representing NTUitive. He explained about the technology and support available from the Innovation Center. This is the guy you want to talk to if you plan to start your own business after graduation. NTUitive has been established for a very long time and enjoyed success from the beginning (at that time it was under the name of NTU Ventures). Frankie is a Nanyang MBA alumni and owns more than 2 startups since graduated. You can tell he is very passionate about entrepreneurship. Most of the attendees came to connect with him after the event. The ME Club realises that entrepreneurship is not for everyone. Perhaps very few of MBA participants will start up their own business after graduation. Nevertheless, NTU offers many opportunities for startups. Hence, the ME Club tries to optimise the available resources, technology, funding and network of talents for developing an entrepreneurship culture in the Nanyang MBA. We hope it can inspire the next generation of entrepreneurs. The ME Club Co-Chairs would like to thank Vivek Negi (the last minute MC), Jiajia, and Liu Lei for their ideas, feedback and moral support, and NTUitive for connecting us to the startups. For more information about Nanyang Business School click here. |
FROM Nanyang Admissions Blog: Sports Activities Day |
Submitted by Vivek Negi, Co-Chair of the Sports Club Date: 8th November 2014 Activity Organizers: – Nanyang MBA Sports Club (Vivek and Aditya) Participants: 13 MBA (Full-time and Part-time), 3 Exchange Students, 1 MBA (Part-time previous batch) Venue: Sport & Recreation Centre Games: Tennis, Futsal, Slackline After finishing our poster presentations for one of our elective courses during recess week, the Nanyang MBA cohort was full of energy and went to play sports at the school’s S&RC. We started the sports afternoon with tennis. Boon Huei was providing expert help to novices like Anand who soon found that the tennis ball was too small to play with. While some were enjoying tennis under the sun, a group shifted to the futsal court. It was great fun to play in a small court but soon people started feeling drained as the energy and intensity of the game was immense. Even though there was shade, the heat and humidity was high. We took frequent breaks to rehydrate ourselves. Finally the heat and humidity took its toll and we packed up. Some left to cool down in the swimming pool while the adventurous ones stayed behind to experience slacklining thanks to Herve. It was fun to watch someone on slackline trying to maintain balance. It looked as if the person was swimming, dancing, making tai chi poses in air. For more information about Nanyang Business School click here. |
FROM Nanyang Admissions Blog: Paintball – An event whose name was later changed to “Painball”! |
Submitted by Vivek Negi, Co-Chair of the Sports Club Date: 16th November 2014 Activity Organizers: Nanyang MBA Sports Club (Vivek and Aditya) Participants: Total 24 — 17 MBA Full-time, 2 MBA Part-timer, 3 Exchange Students, 2 Partners We gathered at the bus stand near the Graduate Halls to wait for the bus at 9:30am. After a late night outing the previous night, some people found it hard to get up early (it was early for a Sunday). Mr Exco President turned up looking like a zombie. The venue was at the School of Paintball which is near NTU and it took us around 10 minutes to reach there. The paintball arena was about size of a football field and there were bags filled with air kept at different positions to create hiding places in the battleground. The organizer gave us safety instructions and told us the rules of the game. Then the organizers made a statement that those who were not feeling manly could wear a protective vest. This statement forced guys to go without the vest and take shots on the body. The 24 participants were divided into 4 teams and each team was distinguished by a different coloured face mask. There were 3 plastic pods near the centre of the field and teams had to compete to get the pods in their possession. The teams made strategies giving different roles to different team members. Some people went all out shooting wildly while others were very calculative and played safe. In the first round, Teams 1 and 2 played against each other, and Teams 3 and 4 played in the next game. The respective winning teams played against each other to declare supremacy and the two losing teams also played against each other. Lot of paintballs did not burst and just ricocheted off players’ bodies leaving painful marks. Those body marks changed the girls’ fashion for the next 2 weeks. Now the event has become known as “Painball”! Overall, it was great fun and left us with loads of memories (and bruises). Teams 1&2: Teams 3&4: For more information about Nanyang Business School click here. |
FROM Nanyang Admissions Blog: Japan MBA Case Competition |
Submitted by Reina Wong, Student Exco VP Communications The Nanyang MBA joined the Japan MBA Case Competition for the first time this year. After three rounds of selection process within our class, the team representing the Nanyang MBA in this competition consists of Teo Angie, Wong LinLing Reina, Diyora Karabaeva and Noopur Singhal (left to right). The Japan MBA Case Competition is organized by McGill University Japan, Aoyama Gakuin University and Hitotsubashi ICS. The 12 participating teams were given the case at the beginning of November and had about one month to work on the case analysis and recommendations. Although marketing was mainly done in Japan, this year’s competition attracted two schools from outside of Japan, namely Nanyang Business School and Hong Kong University of Science & Technology, in addition to the 10 participating schools from Japan. The competition took place on 30 November 2014 at the beautiful campus of Aoyama Gakuin University. We were divided into 3 divisions in the preliminary round by drawing lots, and each division were assigned 3 judges to choose the best performer in each division to enter the final round that would take place later in the afternoon. Our team gave our best during the presentation to showcase our effort put into the competition in the past month. The preliminary round result was announced shortly after all 12 teams had finished their presentation within their divisions. Unfortunately, our team did not come in first in our division. The 3 teams that entered the finals were McGill Japan, Waseda Business School and Hitotsubashi ICS. All other teams were allowed to stay and watch the finalists’ presentations. We learnt much from the 3 teams’ presentation. After the finals, all participants were invited to proceed to an after-event party held at Icon Lounge in Shibuya where the results would be announced. Invitation was also open to the public and students from the participating schools. It was a great opportunity to interact with other participants, the judges, the event organizers and sponsors. Teams were also given the chance to sit down with judges to understand how we had performed during the preliminary rounds, such as our strengths and areas for improvement. We were glad to hear from our judges that we came in second in our division. We also received valuable feedback on how we could have improved our analysis and presentation. McGill Japan, the defending champion, came in as the champion again this year. Waseda Business School and Hitotsubashi ICS came in as runners-up. Our team would like to sincerely thank the school for providing us the opportunity to compete in this case competition. We have learnt much and the trip is an unforgettable experience. For more information about Nanyang Business School click here. |
FROM Nanyang Admissions Blog: Nanyang Business School Participation in CEIBS 2014 MBA Career Trek |
Submitted by Noopur Singhal, Co-Chair of Management Consulting Club Date: 6-7 November 2014 Organizer: CEIBS Participants: 3 students from NBS, and students from SMU and CEIBS The 2014 CEIBS MBA Career Treks is an annual program organized by CEIBS MBA students with the help of their MBA Career development center. The 2014 program was launched simultaneously in three different locations, Singapore, Hong Kong and Beijing. The program aims to help students deepen their understanding of their target industries and functions, and explore potential career opportunities through company visits and meetings with senior executives. For their Singapore visit, CEIBS invited MBA students from the top three business schools in Singapore (NTU, NUS and SMU) to participate in the Trek, and three students – Noopur Singhal, Richard KW Lee and Chen Chi volunteered to participate and represented Nanyang Business School in the CEIBS trek. We visited five companies in two days: DHL In-house Consulting, Credit Suisse, TradeHero, Abbott Labs and OCBC, which gave us an insight into several industries, including pharmaceuticals, logistics, mobile gaming and finance. The company visit on the first day was followed by a networking dinner and Mathew Stenger, Aswathi Suresh and Jeffery Zou joined us for the dinner. Overall, this two-day event not only gave us a good platform to build contacts in the industry but also helped us in knowing all the participating students at a personal level. For more information about Nanyang Business School click here. |
FROM Nanyang Admissions Blog: Exciting Corporate Talk and Networking Session with ASEAN Private Equity & Venture Capital Association, and Mercer Consulting |
Submitted by I Putu Mahendra Wijaya, Co-Chair of the Management Consulting Club The Nanyang Business School has been fortunate once again to host a talk and networking session with two industry leaders in Singapore. Last Monday, 15 December 2014, the Management Consulting Club (MCC) and the Women in Business Club (WBC) welcomed two great speakers to share with the students about the many different aspects in the world of business. Our first speaker, Ms. Anu Sahai, was from ASEAN Private Equity & Venture Capital Association, and she was a former CEO & Director of Aditya Birla Sun Life Asset Management Pte Ltd. Her session was about her career journey and decisions. She spoke about the road blocks she faced as a woman as she went up the career ladder, the dos and don’ts of the corporate world, the road blocks and struggles that all of us will face and how to deal with them. She gave numerous practical real life examples to make the session more personable and relatable for everyone. Indeed, one of the most interesting insight she shared during the corporate talk was the oft-neglected link between work-life balance, workplace success, and personal happiness. To this end, The Economist magazines recently has run several articles which show practically that longer working hours do not mean better productivity (it may even harm productivity, thanks to overburden). Hence, Ms Sahai’s insight on work-life balance was indeed one of the most important takeaways from the talk. Next, we were also very fortunate to host Mr Dion Groeneweg, a Partner in Mercer Consulting. During his session, he instilled passion and curiosity among the participants about how the practice of human resource consulting is about to be revolutionized thanks to the development of technology. Particularly, he shared with us the interesting evolution that has happened in the sphere of human resource consulting: how some aspects of the human resource are now on the convergence path with IT consulting, and paradoxically, how human resource will result in more specialization in the future – a trend which will bring more transparency and efficiency to the world of human resource management. Indeed, these dynamics in the industry are exactly examples that you would not find in textbooks. Some day in the future, perhaps, we will find these topics in textbooks. But for now, at least, the students at the Nanyang MBA program have the privilege to have a sneak peek at all these exciting development before everyone else, right from the leaders themselves. It was indeed an exciting experience to go through. For more information about Nanyang Business School click here. |
FROM Nanyang Admissions Blog: Banking and Finance Networking Session |
Submitted by Johnny Kwon, Co-Chair of the Banking and Finance Club On 5 December 2014, the Nanyang MBA Banking and Finance club organized a networking session with industry professionals at Three Bistro, located near Suntec City. Three Bistro is managed by a Nanyang MBA alumni and we were fortunate to have our event accommodated by her. The event had a successful turnout and the invited guests came from a wide range of banking and finance fields namely: Treasury sales, equity sales, equity research, remisier, private banking etc. It was an excellent opportunity for the MBA Banking and Finance Club members to network with industry professionals to better understand the various positions available in the banking and finance industry, understand the job scope of these positions and develop contacts within the industry. The ambience was cozy with nice music in the background. We had good conversations with attendees over our favorite beverages, be it beer, wine or cocktails. Following the event, the Nanyang MBA participants had a sumptuous Vietnamese meal at Millenia walk and, subsequently, headed to boat quay for further bonding. Work hard, Party hard! For more information about Nanyang Business School click here. |
FROM Nanyang Admissions Blog: Diwali Cultural Term-End Party |
Submitted by Sunitha Vijiyasingam, Co-Chair of the Social & Cultural Club Being a part of an international cohort of MBA students, fellow Indian classmates and I had the opportunity to share a part of our culture with the rest of the cohort – Diwali, otherwise known as Festival of Lights. By a stroke of sheer luck, the festival fell just after a very busy first trimester and immediately after our last paper. We gathered together to celebrate Diwali and Oktoberfest on 21 October. Diwali is an extremely important festival in India – Deepavali or Diwali is certainly the biggest and the brightest of all Hindu festivals. It’s the festival of lights that’s marked by a few days of celebration. In each story of Diwali, the underlying significance is the triumph of good over evil; from darkness into light. After an explanation by Vishal about the essence of Deepavali, the group enjoyed a tasty Indian dinner and as with all Indian functions the evening ended with some dancing to both Bollywood and Western tunes. For more information about Nanyang Business School click here. |
FROM Nanyang Admissions Blog: Air Rifle Shooting |
Submitted by Vivek Negi, Co-Chair of the Sports Club Date – 10 December 2014 Activity Organizers – Nanyang MBA Sports Club (Vivek and Aditya) Participants: 14 MBA(FT), 1MBA(PT), 1Exchange, 2 PhD(NBS), 2(Guests) Venue – Air Rifle Club, NTU While exploring NTU during the induction period, I came across the NTU Air Rifle club and felt that the Sports Club should organize an air rifle shooting for the Nanyang MBA cohort. The Sports Club co-chairs got in touch with the President of the NTU Air Rifle Club and set the date of 10th December 2014. As there was a lot of enthusiasm around this event, we went on to organize 3 sessions instead of 1 session. Each session lasted for 1.5hrs. It began with safety instructions on handling pistols and rifles. Thereafter, participants got to try their hands at a pistol and a rifle. Keeping our hand steady to get a good shot with the pistol was a challenge for many of us. The sessions ended with a shooting competition. In the first leg, a map was used as the target and participants were supposed to target the specified area. Later on, candles replaced targets and participants were supposed to extinguish their target candle with their shot. Two points were awarded for shooting the candle and 5 points for extinguishing candle without moving it. All in all it was great fun and a different experience. The Sports Club would like to thank the NTU Air Rifle Club for this fabulous event. For more information about Nanyang Business School click here. |
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