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- Korean language course for foreign students NEW
- One of the unique classes that SKK GSB offers is a Korean language course. During the first semester, students are able to choose if they would like to take the course at a beginner level or an intermediate level. By the time the beginner students are finished, they will be on the upper intermediate level and by the time the intermediate students are finished, they will be on the proficient level. Learning the language can help students communicate and explore Seoul more easily. It will help them have a better understanding the Korean culture and traditions. Also, it can help them expand their network outside of the business school. This can prove to be a useful tool for students because it will help them stand out to employers. They will be able to say that they received an MBA from a top Korean business school and they were able to learn Korean while doing it. Many students expressed interest in finding corporate jobs in Seoul after receiving their MBAs. Knowing both English and Korean will make them very valuable to the company, especially if the company has English-speaking clients. The class is a six-credit course that meets twice a week. During those two days, students learn a great amount and work very hard to meet the targeted goal set by Professor Anna Subok Kim. But it’s not just about work all of the time. The students also do fun activities outside of class where they are able to practice Korean and have a good time. On October 2nd, Professor Anna took her beginner students out for bowling and barbeque. During the outing, she only communicated with students in Korean. She also taught them how to say certain words by giving them the Korean pronunciation for an object she picked up or an item on the menu. The Korean language course is truly a great program at SKK GSB. It is an asset to students because they are able to expand their knowledge and make themselves more marketable for career opportunities. Also, it gives students an opportunity to have while learning. If you would like to see more pictures from their activity days, follow their Instagram account @skk_gsb_korean_class.
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- 작성일 2019-10-18
- 조회수 46
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- Maeil Business Newspaper 'Good Professor, Good Lecture'
- Maeil Business Newspaper 'Good Professor, Good Lecture' Prof. Kim Claes at SKK GSB Sungkyunkwan University Last May, a five-day intensive Blockchain class was given at SKK GSB. During this unique experience, students also met six key industry leaders among which the investment manager of Unblock (the blockchain subsidiary of Naver Line), the co-founder of Proof Suite (blockchain-based asset management platform), an anchor for CNBC's cryptocurrency channel, and a lawyer specialized in international transactions. The speakers delivered heated lectures on blockchain, focusing on the latest technologies and practical business applications. Students also engaged in group discussions with them about what Blockchain could contribute strategically to business and society. This blockchain course provided students with a clear understanding of the key concepts, economic principles, and basic technological aspects underlying cryptocurrencies and blockchain. This enabled them to understand both current and future blockchain related topics of importance for their career and organization(s), as well as some of the possibilities and limitations of the technology. During this course students were particularly pushed to think in a systematic fashion about how to take advantage of blockchain technologies for their organization, how these could contribute to the organization’s competitive advantage or value proposition. Students also had to opportunity to analyze the disruptive aspect of the technology for certain industries given how blockchain fundamentally challenges established notions of trust, efficiency, organizing, and autonomy."Through this lecture, I wanted to create an opportunity for students not only to understand blockchain technology but also to think about and see some of its uses and applications. This was necessary given the current (and hopefully future) growth in blockchain related businesses,” Prof. Kim Claes said. "We definitely recommend this course to students interested in entrepreneurship, consulting, strategy, venture capital and private equity and who want to know how blockchain might be changing industries." Indonesian student Galih R., Full-Time MBA student – Class of 2021, said "I got to enjoy hands on experience from the professor not only about blockchain but also about the cryptographic principles underlying the technology. Also, the real-world examples and business insights from industry experts benefited me greatly, not only by giving me deeper knowledge but also by providing some network in the industry”. He gave it a thumbs-up by calling it "the best lecture, only available at top MBA schools." Dr. Claes joined SKK Graduate School of Business as a Professor of Management in 2015. His research focuses on the social construction of prices and sustenance of markets in industries such as Blockchain, emerging markets Venture Capital, or the luxury watch manufacturing and fashion industries. Dr. Claes’ papers have won several academic recognitions, including the SMS Best Conference Paper Award nominee, the AOM OMT Entrepreneurship Best Paper Award nominee, and the JIMH Omega Best Paper Award. His work has been published in top tier journals in management and was also presented at many academic and business meetings around the world as well as covered by various media including the Financial Times, Harvard Business Review and the Gulf Times. Dr. Claes teaches competitive strategy, blockchain technologies, group decision making, and power and politics to and full time and professional MBAs and undergrads. He received a Ph.D. in management from INSEAD, a master's degree in actuarial sciences and a bachelor's degree in theoretical physics from the Université Libre de Bruxelles and has worked in capital markets for several years before starting his Ph.D. In July, his paper “Does Social Similarity Pay Off? Homophily and Venture Capitalists’ Deal Valuation, Downside Risk Protection and Financial Returns in India” was just accepted by Organization Science, a top tier academic journal in the field. Link to the original article(Korean): https://www.mk.co.kr/news/special-edition/view/2019/09/762983/
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- 작성일 2019-10-07
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- Indiana University's Maurer/SKK GSB Fellows
- (Picture left to right) MichaelOsborn, Samuel Russell, Whitley Pannell, Michelle Johnston Sungkyunkwan University Graduate School of Business has established a strategic partnership with Indiana University’s Kelley School of Business and Maurer School of Law. This innovative partnership is basically an exchange program that allows students from both universities to study abroad to receive global experiences and dual degrees. The partnership also involves exchanging professors to both schools to teach business courses throughout the academic year. This year, Indiana University Maurer School of law sent four students to Seoul to study at SKK GSB. These four students include Michelle Johnston, Whitley Pannell, Michael Osborn, and Samuel Russell. So far, they have completed their first year of law school and will now study at SKK GSB for a year to earn their MBAs. Upon completion of the program, these students will return to Indiana University to complete their last two years of law school. They will graduate with two degrees, a Juris Doctorate and a Masters in Business Administration, in just four years. This dual degree can be very valuable to the law students because they will gain knowledge in both business and law, which are two sectors that tend to cross paths often in practice. Also, having a second degree and a global experience will give these students an extra edge to help them stand out to employers in such a competitive legal market. Osborne shared, "I think no matter where I end up in the legal market, being business literate and understanding the decision-making process of business leaders will be invaluable in helping me better serve my clients. Getting an MBA in such a globally diverse setting just adds another layer to that." Johnston also found that obtaining her MBA from SKK GSB will benefit her in her future career as a lawyer. She explained, “One of the reasons I chose this program was because there's so many uses for global business and leadership skills. I want to use what I learn at SKK to make me a better lawyer, and currently, I'm hoping that will manifest in a career that combines business and law, such as prosecuting white collar crime or designing business regulatory policy.” SKK GSB is truly preparing Maurer’s students for success in today’s ever-evolving business world. Their experience in law school coupled with the global business experience they’re receiving here will help them become strong candidates for the workforce. Whitley Pannell, PR Committee, Full-Time MBA Class of 2021
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- 작성일 2019-10-07
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- SKK GSB - UCI Paul Merage School of Business Study Abroad Program
- Sep 24, 2019—The first SAP (Study Abroad Program) Information Session was successfully held in the Conference Room of SKK GSB Office. Prof. Raunaq Pungaliya, Faculty Chair of the Full-Time MBA Program attended the session. Mr. Joe Davenport, Associate Director of UCI Paul Merage School of Business delivered the UCI SAP program presentation to all the potential applicants interested in studying abroad. Located in the heart of Orange County’s “Tech Coast”, the Merage School is surrounded by a network of cutting-edge businesses in an evolving ecosystem of tech firms, including Amazon, Google, and Western Digital. According to Financial Times, UCI ranks No. 8 in 2019 among Full-Time MBA programs at Public Institutions, with data-driven decision-making at the forefront. Important SAP Program Dates are as follows: • April 15, 2020 – Complete application • April 27, 2020 – Receive enrollment confirmation and Visa application form • September 28, 2020 – Academic Term Commences • December 18, 2020 – Academic Term Concludes After the presentation, Prof. Pungalia encouraged students to take advantage of the SAP program opportunity to become familiar with international standards and understand the motivation behind international business decisions. The students highly appreciated this session and requested more information about the SAP and DDP programs. The SAP and DDP programs at Sungkyunkwan University is in collaboration with diverse top business schools in the US, Europe and Asia offering students a variety of options. Sungkyunkwan University has always advocated humanistic care, respect for the individual differences of people, care for diverse individual needs, and in addition, stimulates student’s creativity and promotes all-round development of people. Yin Lin, PR Committee, Full-Time MBA Class of 2021
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- 작성일 2019-10-07
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- Diversity at SKK GSB
- On August 22, 2019, Sungkyunkwan Graduate School of Business (SKK GSB) welcomed a rainbow coalition of students eager to start the journey of earning MBAs. There were students representing several different countries such as India, China, United States, Japan, South Africa, France, Norway, and Belgium to name a few. Although from very diverse backgrounds, these students all had one thing in common: they wanted to learn, grow, and work towards achieving their future goals. SKK GSB, one of the top international business schools in the world, prides itself on diversity. In fact, SKK GSB was founded on the principle of diversity. The program can be described as one big melting pot because in its short history, the program has had students representing a total of 57 countries. Having diverse classes is conducive to graduate programs because it creates a better learning environment. Students are able to bring together their ideas, cultures, and experience together to help their peers and entire cohort understand each other and also learn about different perspectives. Besides the students, SKK GSB is also known for having a diverse faculty and staff. Part of developing a strong global MBA program requires seeking out and scouting the top professors from different countries. SKK GSB has done just that. There are professors representing several countries who have educational backgrounds from some of the top business institutions in the world. Also, many of the professors have experience teaching at renowned business schools in different countries, which allows them to bring those techniques and knowledge to strengthen the program at SKK GSB. Since its inception, diversity has continued to be an advantage to this program and its students. SKK GSB creates leaders for today and the future and they will continue to make strides to increase diversity and remain a strong force in the global business world. Whitley Pannell, PR Committee, Full-Time MBA Class of 2021
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- 작성일 2019-10-04
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- Executive MBA-Review of immersion experience in USA
- Executive MBA Immersion I Indiana University Kelley School of Business Chan Joong Kim, EMBA Class of 2021 Intro (May before starting MBA) You may have a life as a father or mother of a household or as a son or a daughter, or life as a CEO, executive, manager, or an employee, but do you have a life of your own? It didn’t take me more than just a few days to make my decision to apply for the SKK GSB/Kelley EMBA program. This was an opportunity that came at a time when I needed a way out of the life in which I had locked myself. At the Beginning (Orientation, 8/3) – You should see the person. The first meeting of the 32 of us on the day of orientation started out like any other ordinary business meeting. What started to feel different was a class in which we had a chance to draw each other's faces in the afternoon. In fact, when I first came across this project, I had already decided to write in the evaluation sheet to make sure they leave this project out the next year. I don’t even stare at my face for more than 5 minutes myself, so it was hard to imagine looking at someone else’s face for more than 30 minutes. But of course, because Korean students are used to learning by rote, they all showed amazing concentration when drawing a person’s face within the time limit. As I began to paint my partner’s face, to my surprise, I began to see a person as a person only, not by his rank and age or which company he works for. The professor’s lecture was centered on a simple message: ‘Every project should be started by understanding people’. It was only then that I thawed a bit. The Leadership Challenge (Prof. Doug, 8/12~8/15) 1)What motivates us: Autonomy What does a person react to? A huge bonus? Promotion? Welfare benefits? To my surprise, the study confirmed that it matters how much autonomy I have in what I am doing, whether I am the owner of the work or not. It gave me the answer to how I can encourage the organization and staff as a leader. Based on the results of this study, financial benefits such as performance-based pay may lead to a negative return on the development of the organization. It was a wake-up call to question whether the solution most companies are currently implementing is the right one. 2)Delivering Results A leader should always talk with a result in hand. Although I am the youngest member of the class, I tried a small simulation based on the lesson I heard from the professor, as a leader in my position. On the third day of August 14, we were given the role of a consultant by the professor to provide a "solution packaging" that creates a consensus for "change" and rejuvenates the company. Thirty-one classmates were divided into six teams to sum up interviews of those in major positions. Each team had shared the information to raise the organization’s social consensus from 14 percent to more than 60 percent for change, by running simulation models, allocating the given budget and time-frame, and provide a solution program based on the result. Even though I was assigned to a different team, I shared two tools voluntarily and autonomously by using some of my personal maintenance time for my cohort classmates. One was a simple Excel tool that would automatically check how much budget and time remain whenever individual items in the Solution Program were included in the Solution Package by the team. This was basically based on two of the following Trusts: Helping Tool ① helped them focus on more essential tasks (e.g., interview summaries, discussions, etc.) and ② saved them time to focus on more valuable things which led to good results. I expected that if I could save an hour for the other 30 31? people with the one hour I invested in this, I could create a positive synergy that could save more than 30 hours for the whole organization. And, what about the results? Out of the six teams in total, four passed with more than 80% raise in consensus, two teams failed in the mission, one with 59% (short by 1%), and my team unfortunately failed also, with 50%. Results aside, the moment that made me feel excited was when the professor said that the first place team of the SKK GSB EMBA class scored higher than the Purdue MBA students who were taking classes the same week. Although my team failed, there was a sense of accomplishment, pleasure, and emotion that I had never felt while working at a company. It was perhaps not because of the achievement of one particular team from the whole class, but because of our combined achievement. The Leadership Challenge (Prof, Michael, 8/15~16) The tasks that were given to us were not easy – they were things like finding a way, moving objects using ropes, and rolling drum cans, and each task was physically challenging. However, I was impressed and thankful to the cohort for carrying out these tasks because everyone voluntarily performed the tasks together, despite its physical challenges. They certainly had the choice to work hard on the mission, but they were also given the autonomy to not volunteer as a leader, not to listen to a leader, and to make excuses to avoid hard work with their social rank and age. But none of them exercised this option, even though each member was given the autonomy. From my point of view, as the youngest in terms of age and rank, I thought the reason that we could all be one in the name of motivation, was because all the teammates respected me and really got down to my level. If, in the distant future, I climb the corporate ladder to the CEO level and became a president of some organization, and get an opportunity to bring everyone up to my level and they ask me, “What is the driving force to get you to where you are today?” I wouldn’t hesitate to answer that the motivation came from the class of 2021, SKK GSB/Kelley EMBA program. [Conclusion] I am very grateful that this journey is just the beginning of the EMBA class of 2021 with 18 months remaining. One the one hand, knowing that I can spend the rest of my life in the future with these people, I’m sad that I didn't know them earlier so that I could have filled more of my days with them. However, as a well-known monk said from “Love in Time”, there is a right timing for people to meet each other, given that we could not have met each other unless the relationship and time are ripe enough to face each other, so I can say that the timing was right for us to meet. In that sense, I would like to extend my heartfelt thanks to all SKK GSB/Kelley EMBA staff, including Director Lee Jae ha, Director Eric Shih, Team Leader Hwayeon Cho and Manager Soyoon Kim, for providing opportunities for our EMBA class of 2021 to meet at the Right Time at the Right Moment.
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- 작성일 2019-10-01
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- Executive MBA-Review of immersion experience in USA
- Executive MBA Immersion I Indiana University Kelley School of Business Dae Woong Choi, EMBA Class of 2021 [ Introduction ] The first journey of the Immersion Program started with an orientation, hosted in the U.S. by Indiana University, Bloomington Campus. From August 11 to August 18, we had regular classes on varied topics such as Decision Making, Business Analytics, and Leadership Challenge workshops. We had an unforgettable time, creating memories with professors and classmates and gaining valuable insights through various experiences such as lectures, discussions, management simulation practice, and outdoor activities. The long-awaited orientation began with a registration for Kelley School's undergraduate management system and an explanation of the overall system. After that, we were able to easily access this system and check educational materials, assignments, grades, etc. It was then time for the actual MBA classes. The first class was 'Decision Making,' for which we carefully read through the case packets related to social issues and began a group discussion after everyone had formed an opinion. We tried to convince others with logical explanations and accepted others' opinions as well. The professor asked several great questions on various aspects of human nature, sociology, ethics and law, and that led us to think about how we can interpret and apply the rules related to decision making. We learned to predict how decisions based on fair procedures and the right reasons can affect the future, and also how to make clear and equitable decisions. [ Day 2 ] Kelley Overview & Introduction to Business Analytics The second class started with an introduction of Indiana University and Kelley School, IU’s graduate school of business. We felt proud to be a member of the Kelley School, which is one of the best business schools in the U.S with a 100-year history and great academic achievements, award-winning results, and socially influential alumni. There was also a lecture by the head of the department on how to analyze business in the digital ecosystem. The areas covered by the digital ecosystem have become varied and vast and on analyzing the tools and processes, we thought about how we can respond to the changing business environment. This class provided us with an opportunity to think deeply about what change tells us, what we were going to do about this shift in paradigm and how we are going to deal with it. [ Day 3 ] The Leadership Challenge (Workshop) The third class began with the question, "What is leadership?" During the group discussion, we shared our thoughts and learned about various types of leadership. In addition, through our professor's lecture, we had an opportunity to examine our inner selves and about the role and capabilities of a leader. We thought deeply about how we should respect one another based on trust, and also how we should be able to ask individuals and organizations if they are doing their best to be successful. In particular, we were able to diagnose our leadership philosophy on our own and apply it to five practical concepts of leadership to establish a future direction as a leader. [ Day 4 ] The Leadership Challenge (Change Simulation) Based on the theories we had learned, we were divided into groups and played virtual consulting simulation games to apply the theories to real life situations. The scenario of the game presented an opportunity for playing the role of a consultant to overcome a company's crisis by properly utilizing limited time and resources in response to changes in the management environment. The simulation challenge provided an interesting experience by showing that the steps taken by identifying individual tendencies and interdepartmental interests, by referring to interviews with key management and staff, and by applying step-by-step action items based on priorities could either bring the company back to life or propel it into crisis. Through this experience, I realized the importance of a company's management of its vision, strategic proposals, resource utilization, communication, education, compensation, etc. [ Day 5 ] The Leadership Challenge (Outdoor Activity) The last class taught us about leadership through outdoor activities. A mission that looked simple actually carried a much deeper meaning. When the mission was over, the professor highlighted the role of the leader from the mission that he wanted us to be inspired by. Each mission opened opportunities to become better leaders based on mutual respect and trust and we saw different leadership styles in solving problems. During the individual missions, we could also experience the influence of leadership and support from our team members. At the end of one mission, we encouraged each other, and we were able to learn how to approach the problem again, find improvements, and re-apply them to drive success through failure. It was good to learn the concepts that a leader should pursue and keep in mind, including the importance of six strategic steps: establish clear goals to solve a problem; communicate with team members and build consensus to solve the given mission; constantly share information and form "one team" through strategic partnerships to achieve common goals with other teams; identify inefficiencies and operate resources effectively, and learn the concepts that the leader should aim for and bear them in mind by applying all the lessons learned from theory; time the implementation of ideas with proper time allocation rather than with just a perfect discussion of ideas; and finally, understand the implications from normalizing trial and error with repeated corrections. [ Epilogue ] The Immersion Program I was a meaningful time for the incoming class to become familiar with a new life in school. We were able to get along quickly and learn a lot through discussions with classmates from various fields. The incoming class is full of people who are more passionate than anyone I've ever met; it was more informative than any program I've ever participated in, and I was positively inspired. As I see my cohorts taking the lead in respecting each other and trying to express themselves as leaders based on trust, I am looking forward to future classes. Thanks to all the inspiring members of the class of 2021 SKK GSB/Kelley EMBA program for making the Immersion experience even more wonderful.
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- 작성일 2019-10-01
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- Congratulations on the 15th anniversary of SKK GSB! ②
- This year is particularly meaningful for SKK GSB, as we have firmly maintained the No.1 ranking in Korea in the Financial Times Global MBA rankings for eight consecutive years. Furthermore, we set a new Financial Times record by ranking 9th in Asia and 42nd worldwide. SKK GSB will continue to evolve as an icon of business education in Korea!
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- 작성일 2019-09-30
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- Full-Time MBA Class of 2021 students kick off new school life
- On August 20, the Full-Time MBA Class of 2021 started their first day of orientation in the International Hall of the SKK GSB MBA program. Dr. Jae Ha Lee, Dean and Professor of Finance at SKK GSB delivered the welcome speech to all the 2021 students and Dr. Raunaq Pungaliya did a brief academics induction. All the faculty members and staff of GSB office attended the opening day ceremony and had a short introduction to the new students. Sungkyunkwan University is a national university with 621 years of glorious history and a shining tradition. The university has led the development of higher education in Korea by challenging and innovating with the mind-set of sharing and coexistence. The founding philosophy of Confucian at Sungkyunkwan University emphasized the four principles of benevolence, righteousness, propriety and wisdom to create a united campus community which values the idea of being together and raises a sense of faith and coexistence. The Full-Time MBA Class of 2021 students passionately participated in every program and activity, including team rafting at Inje, Kangwon Province, the MP1 classes, after class get together to provide support to each other. Students of diverse nationalities and backgrounds showed a united front and cooperated well with each other. The orientation boosted students sense of confidence and well-being which will enhance their cooperation and team spirit for success in their studies and career. Yin Lin, PR Committee, Full-Time MBA Class of 2021
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- 작성일 2019-09-27
- 조회수 229
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- New Arrivals - Prof. Youngju Nielsen
- The younger generation of today, dubbed as the “Millennials”, places great value on stability when choosing a career. They also have a strong tendency to avoid "risks" in investing. This is very obvious when looking at their asset portfolio, which allocates all their eggs only into deposits and savings, and none to stocks which are relatively high risk but also have high returns. In her new book “Start Asset Management in Your 20's“ The author, a global investment expert who managed a hedge fund worth more than 6 trillion won over 15 years in Wall Street, asks this generation a question. “When it comes to ‘asset management’ or ‘accumulation of wealth’, why don’t you plan it as if you were planning out your career path?” Taking the extreme risk-averse tendencies of the Millennial generation into account, she shows them how to map out and create the asset scenarios and portfolio for the rest of their lives. She explains why Millennials are not attracted to long-term investments or asset allocations - with all of their possible pitfalls - and talks about how you can realistically and easily create a portfolio. The book begins with a question, 'What does success mean to you?' Assuming that the definition of success and goals to achieve success are different for each individual, the author says that asset management that should be carried out throughout their lifetime should also be planned accordingly. To do so, they should create an asset portfolio that fulfills their goals and has almost a zero chance of them losing their savings even in a bear market. This book explains the next four steps in detail. The ”Asset Management Project” with its related courses that she taught to university students proves the effectiveness of her theory. Link to Prof. Youngju Nielsen's Bio: https://gsb.skku.edu/en/Faculty_Research/GSB_Faculty.do?mode=view&articleNo=72697
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- 작성일 2019-09-09
- 조회수 423
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