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CUHK MBA Blogs and Updates

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Official Business School Representative
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Joined: 20 Dec 2011
Posts: 114
Prof. Daphne Yiu Appointed as Associate Editor of the Academy of Manag  [#permalink]

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New post 02 Jul 2019, 22:01
FROM CUHK: Prof. Daphne Yiu Appointed as Associate Editor of the Academy of Management Journal
Prof. Daphne Yiu is the Chairperson and Professor of the Department of Management at The Chinese University of Hong Kong (CUHK) Business School. Her research interests lie in corporate and international strategy, strategies in emerging markets and Asia, business groups, corporate governance, business sustainability, and international entrepreneurship. She is currently serving as a Senior Editor at Journal of World Business, Senior Editor at Asia Pacific Journal of Management, and Editor at Corporate Governance: An International Review. She is also editorial board member of a number of top-tier journals such as Academy of Management Journal, Academy of Management Review, Journal of Management Studies, Organization Science, etc.

Prof. Yiu’s appointment at Academy of Management Journal is a recognition of her standing and expertise in the academic and professional disciplines. AMJ is a prestigious top tier peer-reviewed journal in the field of management, with the mission to publish empirical research that tests, extends, or builds management theory and contributes to management practice. According to the Journal Citation Reports in 2017, the impact factor of AMJ is 6.7 and five-year impact factor is 11.25, being ranked as the 7th out of 140 journals in the “Business “ category.

Meanwhile, other faculty members of the Department of Management have continued to play major editorial leadership roles, with Prof. William Wan serving as Associate Editor of Journal of Management, Prof. Kenneth Law as Consulting Editor of the Journal of Occupational and Organizational Psychology, Prof. Chi-Sum Wong as the Editor-in-Chief of Asia Pacific Journal of Management, Prof. Shige Makino as Associate Editor of Global Strategy Journal, and Prof. David Ahlstrom as Consulting Editor of Asia Pacific Journal of Management.

These engagements in editorial leadership place CUHK in the radar sphere of the field of management. Looking forward, the Department will strive to seek development in its core competencies in management research and education.

The post Prof. Daphne Yiu Appointed as Associate Editor of the Academy of Management Journal appeared first on CUHK Business School.
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

_________________
========================
CUHK MBA Program, The Chinese University of Hong Kong
Official Business School Representative
User avatar
Joined: 20 Dec 2011
Posts: 114
Real-Life Business Experience and Unique Inspiration Fuels Capstone Pr  [#permalink]

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New post 07 Jul 2019, 22:01
FROM CUHK: Real-Life Business Experience and Unique Inspiration Fuels Capstone Project Success
CUHK MiM students visited Malaysia and Thailand from 26 May to 9 June 2019, firstly in Malaysia where they gained real-life business experience by participating in a live consultancy. They engaged senior business executives from Feruni Ceramiche in tackling business issues within the industry. The students also devised innovative propositions collaboratively to complement the strategies currently employed to combat existing challenges and to create social value.

Prof. Shige Makino, Co-Director of the MiM Programme and Professor of Department of Management at CUHK Business School described the live consultancy as a golden opportunity for students to talk to managers and executives, to identify the issues and opportunities faced by the company and to present their ideas about the future direction of the company.

Dato C.C Ngei, Founder of Feruni Ceramiche values diversity and idea exchange tremendously. “I view any opportunity to learn as a true blessing. I wish to exchange views with the younger generation, and hopefully inspire them to become a better version of themselves and a future global leader while seeking inspiration in their crazy ideas,” he said.

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Dato CC Ngei at Capstone Case Launch
The students’ performance impressed the judging panel, which included Prof. Kalok Chan, Dean of CUHK Business School and Wei Lun Professor of Finance and Mr. Jen Chou Lim, Chief Culture Officer at Feruni Ceramiche.

Prof. Chan shared, “Students did well and should congratulate themselves on having such a good opportunity to work on this interesting case. The Capstone Project’s purpose is for students to integrate the theories they’ve learned into a real-life and practical case. Students, benefitting through the week’s work, can learn so much about company operations and compete in the market.”

Mr. Lim concurred, “The students were given a short time to understand a new industry and put together such amazing proposals. I got many good ideas from the presentations. They are a group of very good students.”

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As part of the Capstone Project, students also visited various business firms in Thailand and were inspired by leading business and educational leaders from Malaysian Investment Development Authority, Thai Wah PCL, Nestle, Banyan Tree Bangkok and Thammasat University.

The visits provided students with learnings highly applicable to their future careers. MiM student Josephine Pun said, “We’ve gained insights about the companies we have visited, especially their unique business models and the way they sustain their competitive advantages in the market.” Her classmate, Maggie Hu deepened her understanding of different leadership styles and how to become a better leader after the visits.

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Visit to Feruni Ceramiche’s warehouse in Kuala Lumpur
The Capstone Project is an integral part of the MiM Programme, which is in its first year and designed to develop pioneers who not only embrace change but are also instrumental in creating change in Asia and beyond. The programme aims are aligned with CUHK Business School’s vision of exposing students to global experimental learning and developing meaningful partnerships with industry stakeholders.

Other than equipping students with real-life business experience, Dr. John Lai, Co-Director of the MiM Program me and Senior Lecturer of Department of Management at CUHK Business School said, “The Capstone Project is a process of self-discovery and inspiration, the conclusion of the Capstone is not an end but a beginning. MiM students will have plenty of opportunities to explore and unleash their potential. Their success is not defined by money, power or fame, but by the pursuit of a passion they really believe in.”

About Feruni Ceramiche
Feruni Ceramiche, founded by Dato C.C Ngei in 2010, is an industry leader for premium ceramic tiles, delivering the world’s latest tile trends together with a world-class customer experience in major cities across Malaysia.

The post Real-Life Business Experience and Unique Inspiration Fuels Capstone Project Success appeared first on CUHK Business School.
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

_________________
========================
CUHK MBA Program, The Chinese University of Hong Kong
Official Business School Representative
User avatar
Joined: 20 Dec 2011
Posts: 114
Real-Life Business Experience and Unique Inspiration Fuel Capstone Pro  [#permalink]

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New post 08 Jul 2019, 00:01
FROM CUHK: Real-Life Business Experience and Unique Inspiration Fuel Capstone Project Success
CUHK MiM students visited Malaysia and Thailand from 26 May to 9 June 2019, firstly in Malaysia where they gained real-life business experience by participating in a live consultancy. They engaged senior business executives from Feruni Ceramiche in tackling business issues within the industry. The students also devised innovative propositions collaboratively to complement the strategies currently employed to combat existing challenges and to create social value.

Prof. Shige Makino, Co-Director of the MiM Programme and Professor of Department of Management at CUHK Business School described the live consultancy as a golden opportunity for students to talk to managers and executives, to identify the issues and opportunities faced by the company and to present their ideas about the future direction of the company.

Dato C.C Ngei, Founder of Feruni Ceramiche values diversity and idea exchange tremendously. “I view any opportunity to learn as a true blessing. I wish to exchange views with the younger generation, and hopefully inspire them to become a better version of themselves and a future global leader while seeking inspiration in their crazy ideas,” he said.

Image
Dato CC Ngei at Capstone Case Launch
The students’ performance impressed the judging panel, which included Prof. Kalok Chan, Dean of CUHK Business School and Wei Lun Professor of Finance and Mr. Jen Chou Lim, Chief Culture Officer at Feruni Ceramiche.

Prof. Chan shared, “Students did well and should congratulate themselves on having such a good opportunity to work on this interesting case. The Capstone Project’s purpose is for students to integrate the theories they’ve learned into a real-life and practical case. Students, benefitting through the week’s work, can learn so much about company operations and compete in the market.”

Mr. Lim concurred, “The students were given a short time to understand a new industry and put together such amazing proposals. I got many good ideas from the presentations. They are a group of very good students.”

Image

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As part of the Capstone Project, students also visited various business firms in Thailand and were inspired by leading business and educational leaders from Malaysian Investment Development Authority, Thai Wah PCL, Nestle, Banyan Tree Bangkok and Thammasat University.

The visits provided students with learnings highly applicable to their future careers. MiM student Josephine Pun said, “We’ve gained insights about the companies we have visited, especially their unique business models and the way they sustain their competitive advantages in the market.” Her classmate, Maggie Hu deepened her understanding of different leadership styles and how to become a better leader after the visits.

Image
Visit to Feruni Ceramiche’s warehouse in Kuala Lumpur
The Capstone Project is an integral part of the MiM Programme, which is in its first year and designed to develop pioneers who not only embrace change but are also instrumental in creating change in Asia and beyond. The programme aims are aligned with CUHK Business School’s vision of exposing students to global experimental learning and developing meaningful partnerships with industry stakeholders.

Other than equipping students with real-life business experience, Dr. John Lai, Co-Director of the MiM Program me and Senior Lecturer of Department of Management at CUHK Business School said, “The Capstone Project is a process of self-discovery and inspiration, the conclusion of the Capstone is not an end but a beginning. MiM students will have plenty of opportunities to explore and unleash their potential. Their success is not defined by money, power or fame, but by the pursuit of a passion they really believe in.”

About Feruni Ceramiche
Feruni Ceramiche, founded by Dato C.C Ngei in 2010, is an industry leader for premium ceramic tiles, delivering the world’s latest tile trends together with a world-class customer experience in major cities across Malaysia.

The post Real-Life Business Experience and Unique Inspiration Fuel Capstone Project Success appeared first on CUHK Business School.
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

_________________
========================
CUHK MBA Program, The Chinese University of Hong Kong
Official Business School Representative
User avatar
Joined: 20 Dec 2011
Posts: 114
Overseas Study Trip Broadens CUHK Accountancy Students’ Horizons beyon  [#permalink]

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New post 08 Jul 2019, 02:01
FROM CUHK: Overseas Study Trip Broadens CUHK Accountancy Students’ Horizons beyond Their Specialty
With the help of the Association of Chartered Certified Accountants (ACCA) and the Chartered Institute of Management Accountants (CIMA), the group visited the head offices of Barclays and Unilever in London to understand the role of accounting in the banking and fast moving consumer goods (FMCG) industries. Professional Accountancy (Global Accounting Stream) Student Patrick So shared, “In the presentation by the finance team at Unilever, we heard about an interesting budgeting method called ‘zero-based budgeting’, which is different from the traditional budgeting approach we learned in class. The finance team explained to us how such approach helps reduce operational costs. This is my first time to see how practical accounting information can be used at a strategic level.”

As part of the UK visit, students attended a seminar at the Judge Business School of the University of Cambridge by Dr. Michael Willis, Senior Faculty in Management Practice and Director of the Global Leadership Master of Accounting Programme. Student Li Changhao recalled, “Dr. Willis introduced how a company’s environmental impacts would be included in the preparation of financial statements. His step-by-step guidance of a real-life case inspired me much as Dr. Willis demonstrated interactions between accounting, law and risk management relating to climate change.”

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The group with Dr. Michael Willis of the Judge Business School at the University of Cambridge
The lecture was followed by a corporate visit to AstraZeneca, one of the largest global biopharmaceutical businesses. “AstraZeneca’s global sustainability team shared with us how the business achieves its sustainability development goals. The team highlighted their practical approach in implementing sustainability strategies which are far more than just focussing on environmental protection,” Li added.

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Sharing session hosted by the global sustainability team of AstraZeneca at Cambridge
The trip continued with another week in Switzerland, with 14 CUHK Master of Accountancy Programme students joining the group. PACC (Global Accounting Stream) student Nick Wong commented, “The scenery of Switzerland is always breath-taking, so is her innovation performance.” Themed as he Future Banking, the sharing session hosted by Swissquote, a leading provider of online financial and trading services, demonstrates why Switzerland can retain crown as the ‘world’s most innovative nation’. “We always hear about FinTech. The demonstrations of its key digital investment products during our visit to Swissquote let us understand how algorithms help offer new solutions to clients,” Wong added.

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The group at Swissquote headquarters at Gland
One of the key features of this study trip is students are required to present their recommendations to various identified business issues in two Switzerland-based companies. One of the cases is related to Reuge, a manufacturer of traditional music boxes with over 150 years’ history. “Running a business is much more than just writing up a proposal. You can never come up with a convincing strategy without paying attention to an important attribute – feasibility. Different from cases in our traditional assignments, this real business case analysis requires us to take everything into consideration rather than just creating something ‘grand’,” concluded Wong for his presentation experience to the CEO and the Global Sales and Marketing Director of Reuge.

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To enrich the students’ understanding of different accounting-related issues further, the group attended lectures at the University of Lausanne. Student Sachiko Surjono recalled her two-day classroom experience, “Many of the lectures touched on topics not being covered in our curriculum at CUHK. One of them is related to the valuation and accounting disclosures of football clubs which are very popular in Europe. We might know how to conduct a simple valuation of a traditional company. However, during this seminar we were made aware of how to use accounting information to value a football club!”

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The post Overseas Study Trip Broadens CUHK Accountancy Students’ Horizons beyond Their Specialty appeared first on CUHK Business School.
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

_________________
========================
CUHK MBA Program, The Chinese University of Hong Kong
Official Business School Representative
User avatar
Joined: 20 Dec 2011
Posts: 114
Opportunities for Asian Businesses to Lead in the Age of Uncertainty  [#permalink]

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New post 08 Jul 2019, 20:01
FROM CUHK: Opportunities for Asian Businesses to Lead in the Age of Uncertainty
At a panel discussion entitled “Opportunities for Asian Businesses to Lead in the Age of Uncertainty”, held recently at The Chinese University of Hong Kong (CUHK) Business School Global Alumni Forum, Prof. Seen Meng Chew, Associate Professor of Practice in Finance at Department of Finance, and Associate Director of MBA Programmes at CUHK Business School, spoke with four panellists to seek their views.

“Geopolitical events and technological advancements are transforming industries, altering the social fabric and disrupting the labour markets. Although the developments are risky to economies, new opportunities are also created,” Prof. Chew said in his opening remarks.

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Prof. Seen Meng Chew, Associate Professor of Practice in Finance at Department of Finance, and Associate Director of MBA Programmes at CUHK Business School
“The centre of economic power is moving towards East Asia,” he added. “We need to understand how Asian economies can position themselves strategically and assume a leadership role amid all the uncertainties, as well as what competitive advantages Asian organisations and companies possess.”

Prof. Chew started the discussions by asking Prof. Joseph Fan, Professor of School of Accountancy and Department of Finance at CUHK Business School and an expert on family business and corporate governance, about what he perceived to be the top economic and political risks arising from China’s rapid development.

“The issue that concerns me the most is the people,” Prof. Fan said. “After growing rapidly for 40 years, China’s economic and poverty issues are giving way to people issues. Many Chinese business leaders I met expressed frustration in managing people of different backgrounds and in holding them together. This difficulty will become more pronounced when the Chinese economy slows down and there is less money to share.”

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Prof. Joseph Fan, Professor of School of Accountancy and Department of Finance at CUHK Business School
Prof. Fan added that it is essential for China to change from a relationship-based business culture to a market-based economy where professionalism takes lead. “It is going to be a long transition and may take as many as 50 years.”

The issue of people was also highlighted by Prof. Dora Lau, Associate Professor of Department of Management and Associate Director of Centre for Entrepreneurship at CUHK Business School.

Approaching the issue from the perspective of leadership, Prof. Lau said: “We are facing an environment that is highly uncertain and that changes quickly. Long-term planning is difficult, and business decisions have become complex and ambiguous. This calls for teams of professionals with different backgrounds working together to get the tasks done. Organisations that can recognise, engage and manage diverse talent will be more creative and more adaptive to outperform competitors.”

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Prof. Dora Lau, Associate Professor of Department of Management and Associate Director of Centre for Entrepreneurship at CUHK Business School
She added: “To succeed, business leaders will need to mentor or coach their subordinates to adopt the same open mindset. Teamwork and collaboration are important to all businesses, but they do not come naturally to humans.”

Noting that technology is a pillar of future economic growth, Prof. Chew asked Mr. Gerardo Salandra (MBA 2016), CEO and Founder of Rocketbots and Chairman of the Artificial Intelligence Society of Hong Kong, how technology is changing and disrupting Asian cities.

“Asian countries are facing different challenges and are using technology differently,” Mr. Salandra observed. “For example, while many developers in China focus on AI, developers in Japan are tapping robotics to alleviate healthcare problems that arise from an ageing population.”

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Mr. Gerardo Salandra (MBA 2016), CEO and Founder of Rocketbots and Chairman of the Artificial Intelligence Society of Hong Kong
Mr. Salandra foresees that Asia will become an outsourcer of technology. “Asia has big, diverse and urgent problems, such as with trade, logistics and the population. China, the Philippines and Japan are all solving problems that other countries will be dealing with in five or ten years. The solutions developed here will be applicable and can be exported to other countries later, such as to help Germany with its elderly population or Latin America with their infrastructure problems. But this does not happen the other way around. For example, General Data Protection Regulation (GDPR) will not work in China.”

“One problem we have to solve in Asia is the supply of the technical talent, there just isn’t enough,” Mr. Salandra added. “People here have excellent skills, but they lack experience. While we have the advantage of time, we do not have the advantage of the talent supply or smart money yet.”

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Mrs. Cindy Chow (BBA 1992), Executive Director of Alibaba Hong Kong Entrepreneurs Fund
So what new business opportunities have been created amid all the risks and disruptions?

Mrs. Cindy Chow (BBA 1992), Executive Director of Alibaba Hong Kong Entrepreneurs Fund, which invests in and supports start-ups, said: “The restrictions and new policies that the US government is imposing on China are actually providing opportunities for the economies here.”

As an example, Mrs. Chow noted how the tension between China and the US is opening up opportunities for Hong Kong, especially in finance. “We noticed that more venture capital funds are opening up offices in Hong Kong and Southeast Asia. When you have money in the market, you can attract more money, start-ups and talent to the region, and that in turn attracts more money.”

What do Asian corporations need to change or upgrade to maximise the full potential of these new opportunities then?

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The post Opportunities for Asian Businesses to Lead in the Age of Uncertainty appeared first on CUHK Business School.
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

_________________
========================
CUHK MBA Program, The Chinese University of Hong Kong
Official Business School Representative
User avatar
Joined: 20 Dec 2011
Posts: 114
Debating Hot Topics in International Business  [#permalink]

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New post 11 Jul 2019, 22:01
FROM CUHK: Debating Hot Topics in International Business
The CUHK Business School ‘Global Alumni Forum: Chaos • Order • Lead’ delivered a strong range of insights to 380 attendees on 29 June, with professors, distinguished alumni and expert speakers all offering their contributions to the debates surrounding how business leaders should manage these increasingly chaotic times and global challenges.

While the keynote speech and panel discussion garnered exceptional insights, a highly anticipated breakout sessions offered unparalleled knowledge on some of the most pressing business issues of our time.

Innovation and Strategic Renewal of Family Business
Leading the discussion was Kevin Au, Professor of Department of Management and Director of Centre for Family Business at CUHK Business School, who took his years of extensive experience and applied them to the real world of managing family businesses. The session included a workshop and strong audience participation, making it rich and rewarding in its number of top quality insights on how to combine innovation with the strategic renewal of family business.

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Kevin Au, Professor of Department of Management and Director of Centre for Family Business at CUHK Business School
“In family businesses, one dilemma is that we need to maintain continuity but we also need to make changes. Both are as important,” Prof. Au said. “Some people think we should conquer dilemmas. But rather, I think we should understand and embrace them. A useful way to think about dilemmas is to see the value in the dynamics.”

Prof. Au delved into the nitty gritty of how family businesses can serve both individuals and the family as a whole, making changes and preserving tradition at the same time, and maintaining closeness while growing in size and resources. “As we all know, it can be difficult for family members to discuss some topics such as the future of their business. A consultant from the outside will be able to facilitate the discussion,” said Prof. Au.

And what can be learned from family business is also very applicable to corporations as a whole, according to Prof. Au. “What we talked about today is not just applicable to family businesses but all corporations. Good communication and leadership are important for any organisations. Big corporations can also learn from family businesses, and vice versa.”

When Banks Go Virtual ─ Featuring a Hong Kong Fintech Company
Hong Kong’s virtual banking scene is becoming one of the most innovative in the region with a whole host of licenses being granted. The topic was the focus of Seen Meng Chew, Associate Professor of Practice in Finance of Department of Finance, and Associate Director for MBA Programmes at CUHK Business School, with a “When Banks Go Virtual – Featuring a Hong Kong Fintech Company” talk that turned the heads of digital finance enthusiasts.

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Seen Meng Chew, Associate Professor of Practice in Finance of Department of Finance, and Associate Director for MBA Programmes at CUHK Business School
“Fintech is not complex, ‘jargonny’ or impossible to understand – it’s as simple as your Octopus card, or the PayMe app on your smartphone,” said Prof. Chew, discussing the global explosion of digital payments from US$4.1 trillion in 2019 to US$6.7 trillion in 2023 and covering topics as wide as Alipay and WeChat Pay to Revolut from the UK, Grab and Gojek from Southeast Asia, and Prosper from the US.

While covering new opportunities, Prof. Chew also looked at risks such as data safety, privacy and over-reliance on tech. “Out of the eight virtual bank licenses granted by Hong Kong Monetary Authority, seven of them are backed by either a tech or banking mogul, only one is a true home-grown brand – WeLab,” said Prof. Chew as he introduced Mr. Kenny Cheng (BSc in Quantitative Finance 2006) to the stage, who is now Head of Finance and Treasury at WeLab Virtual Bank.

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Mr. Kenny Cheng (BSc in Quantitative Finance 2006), Head of Finance and Treasury at WeLab Virtual Bank
WeLab was born out of WeLend, Hong Kong’s first online lending platform set up in 2013. Mr. Cheng described WeLab’s product philosophy in three words: “instant, intelligent and interactive,” adding that all digital payments, lending and personal finance products should aim for these goals.

The Engine of Digital Economy ─ Artificial Intelligence and Big Data
Artificial Intelligence (AI) and Big Data are the engines of the new global economy, a point that was consistently emphasised by Dr. Toa Charm, Associate Professor of Practice in Management and Director of Business Development, The Asia-Pacific Institute of Business, CUHK Business School.

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Dr. Toa Charm, Associate Professor of Practice in Management and Director of Business Development, The Asia-Pacific Institute of Business, CUHK Business School
“Nowadays, AI applications have successfully penetrated into all walks of life, and helped address the pain points that are faced by customers and businesses,” Dr Charm said.

Introducing his strong engagement with the tech ecosystem, Dr Charm examined global AI trends, looking at what defines AI and looking at the core drivers for the global economy. While many observers focus solely on the US-China Trade War, they fail to see a larger trend. “By 2030, if a country doesn’t have an AI strategy, it is hard to survive. The US and China are not just under the trade war but are under another war – AI war,” says Dr. Charm.

AI can be used in a variety of industries from manufacturing to retail, healthcare, travel, finance and energy and agriculture. Dr. Charm compared the likes of machine learning to traditional coding, and examined applications that could be created such as automated approvals for financial loans using AI applications.

Dr. Charm also looked at risks such as the loss of jobs to automation and whether companies were ready to face the AI transformation. So how many of our current jobs will be gone by 2030? “Next year 3 percent of our jobs will be killed by AI automation. By 2030, 30 percent of our jobs will be gone,” said Dr. Charm.

Talent Development in the Greater Bay Area
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Mr. Peter Kung, Adjunct Professor, School of Accountancy, CUHK Business School
We hear quite a bit about the Greater Bay Area (GBA) but what does it actually mean? Mr. Peter Kung, Adjunct Professor, School of Accountancy, CUHK Business School and Mr. Charles Fung (MBA 2003), Group CSR Manager, Starry Group, held a session to discuss the topic in detail. Joining Hong Kong and Macao and nine other cities in Guangzhou province for a total area of 56,000 km2 and population of 70 million as of the end of 2017, the concept has potential to develop strongly.

“The GBA can provide the talents with a much bigger market to excel. For example, Hong Kong people traditionally excel in financial services. How about our top science students? Can they easily find a job to excel in their career in Hong Kong? In the past, I will say that not many of them can do that if they choose to work in Hong Kong. But going forward, if they have the mindset to explore the GBA, they can have the opportunities to work for one of the top companies in the world,” said Mr. Kung.

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Mr. Charles Fung (MBA 2003), Group CSR Manager, Starry Group
Apart from the difference in terms of tax systems in Hong Kong and mainland China, culture is another area where Hong Kong people may find it difficult to fit in with their mainland counterparts. Mr. Charles Fung said one of the cultural challenges in working in mainland China is that Hong Kong people have to interact with people who have very different perspectives.

Indeed, different views, diversity and debate characterised the breakout session that capped off a fascinating day for all.

The post Debating Hot Topics in International Business appeared first on CUHK Business School.
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

_________________
========================
CUHK MBA Program, The Chinese University of Hong Kong
Official Business School Representative
User avatar
Joined: 20 Dec 2011
Posts: 114
Two CUHK Business Students Attend CQA Institute’s 2nd Annual AIM Cours  [#permalink]

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New post 16 Jul 2019, 02:01
FROM CUHK: Two CUHK Business Students Attend CQA Institute’s 2nd Annual AIM Course
Undergraduate students Cici Chen (Quantitate Finance and Risk Management, Year 4) and Zoe Zhang (Professional Accountancy, Year 4) had a wonderful study journey in the United States this summer. They were selected to join the AIM course intended for highly motivated students interested in a career in investment management. It included a lecture series on key investment topics, “boot-camp” style training on critical technical skills, and a capstone project.

This two-week quantitative course elicited Zhang’s interest in the investment industry. The advanced programme provided a platform where she could directly communicate with the experienced Wall Street professionals, enjoying the real charm in quantitative finance. Zhang said, “The lecturers shared with us different opinions about financial market and experiences beyond the theories taught in school. I gained better understanding about the industry and had clearer direction of my future study and career path. The lectures really helped me approach the mysterious and attractive field of quantitative finance.”

On the other hand, the activities, consisting of Specials (specially arranged activities) and Excursions (trips to other locations), let Zhang relax and build her networks. She recalled, “What I have learned from those experienced professionals and outstanding classmates is my lifelong treasure, encouraging me to improve myself continuously.”

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Chen also shared, “The programme was definitely an unforgettable experience. We had 8 hours of lecture per day on average, all taught by Wall Street professionals. There was also a competition, like a group project, which I think is of great value for pursuing a career in the investment management industry. In addition, we played Texas Holdem, had a one-day trip to the New York Financial District and enjoyed a countryside BBQ together. We worked hard and played hard. It is a valuable life experience which I highly treasure!”

Mr. Dan Cardell, Chairman of the Board of Directors of the CQA and of the Board of Trustees at Wilkes University, commented, “The CUHK students were great! They represented the school well. I’m pretty sure they enjoyed it and learned a lot and made some new friends. I’m hoping they will promote the programme to their fellow students for next year.”

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The post Two CUHK Business Students Attend CQA Institute’s 2nd Annual AIM Course appeared first on CUHK Business School.
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

_________________
========================
CUHK MBA Program, The Chinese University of Hong Kong
Official Business School Representative
User avatar
Joined: 20 Dec 2011
Posts: 114
Chinese Economic Reform: Past, Present, Future  [#permalink]

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New post 16 Jul 2019, 20:01
FROM CUHK: Chinese Economic Reform: Past, Present, Future
This was the observation Prof. Lawrence Lau, Ralph and Claire Landau Professor of Economics at the Lau Chor Tak Institute of Global Economics and Finance of The Chinese University of Hong Kong (CUHK), made recently during his keynote speech at the CUHK Business School’s inaugural Global Alumni Forum on 29 June.

In reviewing “Chinese Economic Reform: Past, Present, Future,” Prof. Lau shed light on how China, which was a centrally planned economy from 1953 to 1978 with no functioning domestic markets and largely closed off to the rest of the world, achieved four decades of unabated growth against the odds.

“China’s GDP grew almost 37 times from 1978 to 2018,” Prof. Lau said. “Unlike almost all of the former Soviet Union and Eastern European socialist countries, China did not experience any decline in GDP in either aggregate or per capita terms or hyper-inflation.”

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Prof. Lawrence Lau, Ralph and Claire Landau Professor of Economics at the Lau Chor Tak Institute of Global Economics and Finance of The Chinese University of Hong Kong (CUHK)
Prof. Lau pointed to two key components that contributed to this development: “The first was the introduction of free markets for goods in the Chinese economy, coupled with conditional autonomy for the producers. The second, equally important component, was the opening of the Chinese economy to international trade and inbound foreign direct investment.”

The first component happened as if by accident. “In December 1978, the people of Xiaogang Village in Anhui Province decided to divide up the responsibility of the commune. Every household would deliver its output quota and pay its share of the communal tax, but beyond that, they were free to produce anything and sell the surplus on the free markets and retain the proceeds.”

This brilliant system ensured that no party became worse off.  The government obtained the same output deliveries and received the same amount of taxes, the commune administration met its production and tax targets, and the households fulfilled their obligations and could earn more if they wanted. It was a win-win situation for everyone.

“The commune, which no longer had any production responsibilities, began to organise other productive activities, forming what were known as ‘Township and Village Enterprises’, producing whatever goods that were needed with the resources available to the commune, and selling the outputs on the free markets.”

Soon, other villages and provinces across China adopted this contract responsibility system, which was gradually extended to non-agricultural activities in the early 1980s.

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The speech delivered by Prof. Lawrence Lau attracted a full house of audience at the Global Alumni Forum.
Prof. Lau called this dual-track system – in which the planned system and the free market system operated efficiently in parallel – a “reform without losers”. Eventually the value of economic activities outside the mandatory central plan grew to be much bigger than those within the plan, and mandatory central plans were gradually phased out, except for environmental and poverty alleviation targets.

Another economic reform that contributed to China’s growth was the opening of its economy to international trade and inbound foreign direct investment.

These developments have given China access to more resources and choices than it would have obtained if it had produced only within its set of “production possibilities”. The developments also paved the way for China’s export promotion strategy, with the Renminbi becoming internationally competitive and current-account convertible, and China’s accession to the World Trade Organisation (WTO) – which boosted China’s trade considerably and turned it into the second-largest trading nation in the world.

Is reform without losers still possible today, then? Prof. Lau acknowledged that it will be much harder. He said that although income disparity in China has increased considerably, people still remember how bad things were in the late 1970s. Yet in 20 years’ time, the late 1970s will no longer be the baseline; it will be the 2000s. More people will be left behind, and the government will need to do more to ensure that the gains from economic development can be spread out more evenly to compensate the losers.

He added that there are a number of challenges China must overcome in the near term to sustain economic growth: excess production capacity has to be reduced, supply side structural reform must be implemented, and initiatives must be put in place to address the degradation of soil, air and water. Additionally, issues such as income disparity and the ageing population must be managed, and the ongoing anti-corruption campaign must continue so as to let the market play a decisive role.

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In the longer term, China should continue to strengthen the role of the market in the allocation of resources. It must also enhance the quality of growth and de-emphasise the quantity of growth, implement its “Three Zeros Strategy” (zero tariffs, zero barriers, zero subsidies), and work with the European Union (EU) and the Association of Southeast Asian Nations (ASEAN) to maintain the rule-based international economic order.

Prof. Lau is optimistic about China’s prospects: “Data shows that China is within the range in which GDP can still grow very fast. For the next couple of decades, China can still grow at 5 to 6 percent. A high savings rate enables a high investment rate, and the still low capital-labour ratio allows much room for raising productivity. His projections show that China’s GDP will catch up to the US’s GDP by 2033, even if per capita GDP will remain lower until the end of the century.”

Prof. Lau added: “China will continue its efforts to further reform and open its economy. It should be a win-win for China and the world. China has no intention of promoting its social and political system to the world, unlike the US and the former Soviet Union. There will be an opportunity for friendly, peaceful resolution.”

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Should Case Method be Scrapped in MBA Teaching?  [#permalink]

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New post 17 Jul 2019, 22:01
FROM CUHK: Should Case Method be Scrapped in MBA Teaching?
For decades, case study has been the gold standard method of instruction for MBA programmes. The method where students pore over real corporate dilemmas, has gained stardom at Harvard Business School, which pioneered the approach, and sells its cases to hundreds of business schools around the world.

But some schools are now railing against Harvard’s cases, claiming that they are outdated and fail to represent protagonists from all of society. These schools are relying less on Harvard’s cases and are developing their own in varied ways, or are rejecting the method fully as online and experiential learning proliferates.

Is there a better way to teach future business leaders? Should the case method be changed, or scrapped entirely?

In an interview with FIND MBA, Dr. Andrew Yuen, Associate Director of MBA Programmes and Senior Lecturer of Department of Decision Sciences and Managerial Economics at The Chinese University of Hong Kong (CUHK) Business School, says the beauty of cases is that students experience the relevancy of the knowledge in a real business context. “It is crucial for our students to apply what they learn in practice.”

He adds that cases enable students to encounter a vast number of business scenarios in a short period of time, much more than they could in the workplace.

Another concern is that most cases are written about western companies, which may not be as relevant to Asian students, says Dr. Yuen. “Although the situation is improving, there is still a lack of cases in other regions, including Asia,” he says. For this reason, CUHK Business School’s faculty have written more case studies about local companies.

Dr. Yuen also agrees, “Case teaching is a key component in MBA education and there is no valid reason to scrap it entirely.”… Read More

Source: FIND MBA

Date published: 15 July 2019

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Alumni Appreciation Ceremony in Honour of Alumni Volunteers  [#permalink]

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New post 21 Jul 2019, 22:01
FROM CUHK: Alumni Appreciation Ceremony in Honour of Alumni Volunteers
“I’m amazed that over 600 alumni volunteers supported the School last year in many different ways, be it as a mentor or speaker sharing valuable experience with students, as an interviewer or recruiter assisting with admission interviews or offering placements and internships, or even as a donor or sponsor supporting students’ learning opportunities,” said Prof. Kalok Chan, Dean of CUHK Business School in his opening remarks. “Every single act of giving, no matter how big or small it seems, truly supports the School. This gives us a good reason for hosting this inaugural ceremony to reciprocate your generosity.”

Guests then had the opportunity to hear two alumni awardees ― Mr. Boris Ng (BBA in Integrated BBA 2014) and Ms. Daisy Cheng (MBA 1981) who shared their experience volunteering as alumni ambassadors and the rewards they gained by giving back to the School. Boris is an Associate at BlackRock and has actively volunteered as an interviewer, trainer and speaker for undergraduate programmes. Daisy was previously the Hong Kong Managing Director of BNP Paribas and recently came out of retirement to start her own company. She has been a long-standing MBA mentor since 2007. Daisy also invited her classmate Mr. Raymond So, President of CUHK Shanghai Alumni Association, for an amusing chat about the old days they treasured when studying for their MBAs some 38 years ago! This entertaining and inspiring sharing session prompted thunderous applause from the floor.

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Mr. Boris Ng (IBBA 2014) shares with the audience his amazing volunteering journey and the awards he gained through giving

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Ms. Daisy Cheng (MBA 1981) joins her classmate Raymond So for an amusing chat about the old days at the School some 38 years ago!

Finally, the moment everyone had been waiting for arrived – the awards presentation with group photos taken onstage for over 100 alumni awardees, joined as they were by their beloved teachers. All basked in this happy moment, and were proud to have their family and friends watching them. A cocktail reception followed so that alumni and guests could enjoy memorable moments together, and each awardee received a specially designed appreciation certificate and a School souvenir.

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During the award presentation, alumni awardees from various BBA programmes happily take a group photo with Dean Prof. Kalok Chan (far left); Ms. Gentiana Cheung (6th from left), Director of BBA in Hospitality and Real Estate Programme; Prof. Andy Wong (6th from right), Associate Dean of Undergraduate Studies; Ms. Florence Lai (4th from right), Administrative Director of Alumni and Corporate Affairs Office; and Ms. Elaine Tam (2nd from right), Administrative Director of Undergraduate Office.

Ms. Florence Lai, Administrative Director of the Alumni and Corporate Affairs Office, remarked, “This is our first time to host this appreciation event for our dedicated alumni volunteers. When we saw their happy faces during this special moment, joined as they were by their family and friends, it was clear that all our efforts have paid off. Certainly, we will organise this event again to express our deep gratitude to alumni for continuously supporting their alma mater.”

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This article is first published by the Alumni and Corporate Affairs Office, CUHK Business School.

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The Spark of Joy as a Guiding Light  [#permalink]

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New post 22 Jul 2019, 04:01
FROM CUHK: The Spark of Joy as a Guiding Light
Dr. John Lai, Senior Lecturer of Department of Management and Co-director of MSc in Management (MiM) programme, has been teaching at The Chinese University of Hong Kong (CUHK) Business School for 12 years. Prior to that, he taught at City University of Hong Kong for six years.

While part of his career was spent deep in the trenches – working in human resources and holding various positions in the hospitality, retail and marketing sectors, with experiences throughout Asia – Dr. Lai’s life path never veered far away from his initial dream of becoming an educator. It all started when he was 17.

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“I was looking at the ceiling and suddenly I saw a spark. It painted a really clear picture that I wanted to do something meaningful and teaching seems to fit in well and that I should be teaching in a university – but not in Malaysia, where I was born. Since then I have been following this path,” Dr. Lai recalls.

Over the years, Dr. Lai has developed his own personal style of teaching, to the extent that his innovative methodology has earned him numerous accolades. At CUHK, he has received a number of teaching awards, including the University Education Award in 2018, the Vice-Chancellor Exemplary Teaching Award in 2014 and 2010, and the Faculty Outstanding Teaching Award of CUHK Business School from 2015 to 2017.

What is at the core of his teaching style that makes it unique? Dr. Lai attributes his guiding principle to the Chinese philosophy “No distinction of classes”(有教無類).

“Teaching university students is really challenging. At any given time, a professor could be a coach, mentor, teacher, facilitator, magician or technician,” he explains. “Since students come from very diverse backgrounds, there is no one-size-fits-all approach. It is our role as professors to help them understand who they are as unique individuals and unleash their potentials. It’s very important to have patience, because with patience, we are able to inspire them to understand themselves, and be able to make contributions to the society after graduation.”

Teaching university students is really challenging. At any given time, a professor could be a coach, mentor, teacher, facilitator, magician or technician. — Dr. John Lai

He recalls the early days of his teaching career when he thought his job was just about imparting knowledge from textbooks to students. Soon he realised that teaching is not about subjects but people.

“It is important for us to find ways to engage students meaningfully to unleash their potentials. To do that, I emphasise the four C’s – critical thinking, creativity, communication and collaboration.”

To enliven his students in a way that touches them deeply, Dr. Lai regularly uses storytelling as a powerful tool in his classes. He believes that his experiences in international business has helped him demonstrate to students how to link academic knowledge to the real world.

“Storytelling is important. It helps students connect theories with practices. I often illustrate textbook chapters with real-life stories so students can feel how it is if they were in that position. Some of the stories come from my experiences. Sharing them is not about showing off how great I am, but showing them how not to make the same mistakes as I did!”

Besides storytelling, Dr. Lai also adopts an experiential approach in his teaching. He takes students out of the campus and encourages them to participate in case competitions. “Xunzi(荀子)once said: ‘I hear and I forget. I see and I remember. I do and I understand.*’ So I try to incorporate this approach into the classroom to bring students to the world and bring the world to CUHK.”

When there is involvement, there is commitment; when there is commitment, there’s going to be action.” — Dr. John Lai

The third element in Dr. Lai’s teaching approach is networking. “The student body is so diverse. Typically, there are 70 students in the classroom. It’s a pity to see them just sit there before class, looking at their iPhones and iPads. So, I would ask students to rotate seats every week and get to know each other, not superficially but personally. When I assign projects, I encourage students to make sure there is a good mix of students from Hong Kong, Mainland China and overseas in each group. My own connection with students is also important for me to understand them. After all, it’s not only about teaching, it’s about helping students realise their potentials.”

One way Dr. Lai connects with students is through WhatsApp groups. When he served as the Director of Global Business Studies (GBS) and International Business and Chinese Enterprise (IBCE) programmes for five years, he reached out to each cohort of students through a separate WhatsApp group. “The list is exhaustive. But I do have fun. This makes work exciting,” he says with a grin.

While leading those two programmes that attracted elite students, he tried to involve and engage them in relevant events, workshops and study trips. “When there is involvement, there is commitment; when there is commitment, there’s going to be action,” he says.

Speaking of commitment, Dr. Lai’s commitment to CUHK Business School has been a testimony of sheer dedication. While he was the Director of the two global business programmes, he simultaneously served as an Assistant Dean for Undergraduate Studies. How did he manage to juggle teaching, administrative work and research at the same time?

At first, he was doubtful of his own ability to do so. But he recalls being encouraged by Shige Makino, Professor of Department of Management at CUHK Business School, when he was offered the positions by former Associate Dean Prof. Dennis Fan. “At that time, Prof. Makino said, ‘John, you’ve been teaching for so long, now it’s time to make a difference – not just in teaching, but in the programmes.’ I took that advice and jumped at the opportunity. Of course, balancing teaching, administration and research is a tough juggling act. So I asked Prof. Makino what the secret was. He looked me in the eyes and said, ‘Sacrifice!'”

It makes my day when students still remember us after they have graduated for many years; when they still come back and stay connected with us by sharing a simple meal, coffee or tea, telling us how they are doing to the society. — Dr. John Lai

This is not empty sacrifice though, emphasises Dr. Lai. “At the end of the day, if we understand that whatever humble contributions we’re making will help students in the learning process, it will make all the difference. If you love what you do, vocation is vacation.”

Currently, Dr. Lai is Co-director of the recently launched MiM programme, which allows students to move directly to the executive management track without having to wait three years and work in business before applying for an MBA. The programme’s mission is to fulfill society’s need for business leaders who are generalists and at the same time, catalysts of change. It also aims to help shape the digital economy of Asia – to develop “global managers for the Asian century.”

“We want to ensure that the MiM programme is a practice-oriented learning programme,” Dr. Lai remarks. During the semester, there will be continuous engagements with industry leaders. So far, there has been more than nine events involving industry leaders. In the coming months, the MiM Forum will be introduced. At the end of the programme, a capstone programme will bring students out of Hong Kong and immerse them in real-life consultancy projects.

Besides teaching and directing programmes, research is the third of the three-legged stool Dr. Lai has been sitting on at the Business School. His research focus on business innovations and networks. “I try to do credible research along the way,” he says. “My inspiration comes from my supervisor, Prof. Steven Lui (Associate Professor of School of Management at UNSW Business School of the University of New South Wales) at my alma mater, the University of New South Wales. I believe that one way to stand out in research is to work closely with industry partners. We don’t want to create research just for the sake of being published in journals. Instead, we want to contribute to the success of organisations.”

One of Dr. Lai’s most memorable projects was a research project for a Hong Kong retail chain. Over a six-month period, he visited 175 stores in Hong Kong, Macau, Shenzhen, Guangzhou, Shanghai and Beijing. “It was a great experience for me, because when I went to the outlets, I was able to observe and learn along the way,” he says. “This opened up my heart, mind and soul, and I was able to bring the research back to my teaching.”

Our job doesn’t stop after students have completed the course or graduated from university. My fellow faculty members and I share the same belief that our role only begins when students have graduated, come back and shared their stories. — Dr. John Lai

When asked about the most memorable event in his teaching life, Dr. Lai didn’t give a single incident but summed it up, “It makes my day when students still remember us the ‘Old Biscuits’ (a Cantonese slang meaning old-timers) after they have graduated for many years; when they still stay connected with us by sharing a simple meal, coffee or tea, telling us how they are doing to the society. That’s what makes teaching so special to me.”

In fact, one of Dr. Lai’s strongest convictions about teaching is that it is a “life-long warrantee”.

“Our job doesn’t stop after our students have completed the course or graduated from university. My fellow faculty members and I share the same belief that our role only begins when students have graduated, come back and shared their stories. That’s a proof that they have put into practice what they have learned. And when they share stories with me, I can share them with the current students,” says Dr. Lai, with an even stronger spark in his eyes.

It is clear how his life is driven by passion. What he finds most interesting about his work is that every day is different. “I try to look for what Marie Kondo(近藤麻理惠)calls ‘the spark of joy’ in work, so that my excitement can be perpetuated . And that, my daily work as a faculty member will not become routine.”

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*Source: “不聞不若聞之,聞之不若見之,見之不若知之,知之不若行之,學至於行之而止矣。” – Xunzi’s “Confucian Effect” Chapter(儒效篇)

The post The Spark of Joy as a Guiding Light appeared first on CUHK Business School.
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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CUHK MBA Blogs and Updates  [#permalink]

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New post 23 Jul 2019, 05:52
Actually, crypto world is not stable for a while. Personally, I have some altcoins I'm holding on 2 years. I was up 9000 dollars at the end of December 2018 during that big boom but it dropped significantly and am down 800 dollars now. But I don't do any day trading speculations. I'm just holding on to them on my cryptocurrency wallet hoping for another boom.
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CUHK MBA Blogs and Updates   [#permalink] 23 Jul 2019, 05:52

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