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- [Alumni Interview] WonJong Kim & Steffen Heinz NEW
- "SKK GSB is a beautiful campanion" Here is Kim Won-jong and Steffen Heinz, co-founder of Maven Plus. They graduated from the SKK GSB Executive MBA program(9th) Why did you choose SKK GSB Executive MBA? Kim: I felt bored in my job and exhausted from dealing with the differences between the company’s views and mine. In order to find something exciting and regain my enthusiasm, I decided to start a new journey and begin the MBA program at SKK GSB. Steffen: I had been working in a global insurance company at an overseas branch for a long time. After a few years, I wanted to settle down in South Korea with my wife. Then I found out that SKK GSB offers 100% English language classes. It especially caught my eye that I could acquire a dual degree with SKKU as well as Indiana University Kelley Business School in 18 months. What were the most memorable class and professor in the EMBA program? Steffen: The Financial Executive class is one of the best. Maybe other students felt a bit bored, but I have the background knowledge, so it was pretty interesting. Kim: My favorite one was Service Design & Brand Strategy which I took at Indiana University Kelley School of Business. That was a starting point for Maven Plus. Steffen and I combined our ideas and applied the experiences from class. Also Immersion, which is a residency program in the USA was memorable. I studied leadership and how to compose a financial report. It is helpful to fund and write an IR report in an actual business. I enjoyed learning from Professor Rauanq. When did you start working together? What was the next step after graduation? Kim: We had different experiences, but shared the same goal. Steffen is an IT expert and I am a business specialist in sales and marketing. We agreed to develop each other’s advantages and make a human-centered professional business. Steffen: Kim offered to have me join the business and I agreed. Originally I thought I was going to teach in school but changed my mind and we got together. Kim: Above all, I know Steffen is a good man. The most valuable thing is a relationship rather than business strategy or anything. Why and how did you design the your business? Kim: I would like to help people and felt happiness when designing the business. Maven Plus is a combination of those. Steffen: Mon Chef, one of the sub-brands, is a professional catering service. There is a huge need for house parties and inviting acquaintances as one-person households are growing. At first, we did a street promotion and more than 500 people signed up on the spot. Everyone seemed to be wondering why this tall German guy was handing out flyers on the street. Kim: Another service is “GowithU” which helps seniors or patients who cannot go to hospitals by themselves. Our trained managers help them to transfer, acquire prescriptions, and do everything else they need to. It seems pretty tough to manage the business as a foreign representative, especially a startup company. How do you do network and how often do you communicate with MBA alumni or get some help from them? Steffen: For Mon Chef, I was struggling to increase the business value. So I called one of our EMBA classmates and got some tips in terms of how to plan services. For GowithU, one of the SKK GSB alumni in the financial industry told me a business tip about caregiver insurance. Kim: SKK GSB also supported us by renting us an office room for events and giving useful advice. Recently we had a speech at Hong-Ik University where Steffen's wife works. We want to continue this kind of business experience. What is the next step towards achieving your goals? Steffen: (Laughing) More money? First of all, I want to focus on making the business grow. I hope GowithU can help improve the quality of life for seniors and patients. Kim: Recently we have signed a partnership with Gangdong-Kyunghee University Hospital, KEB Hana Card, Shinhan Card, a blockchain company, an industry-leading EAP company, 13 women's educational institutions, KST Mobility, and leading companies in premium mobility services. We are going to join with a healthcare service company and KOTRA soon as well. Do you have any comments for SKK GSB students? Steffen: Maximize your experience in real fields. Do something practical. As an IT professional, I would like to say that you don't have to spend too much money on IT. Rather focus on checking the legal obligations and insurance stuff. You must also have a global perspective and read world trends. Kim: I want to tell in one expression: “Be happy”. If you feel happy when doing something, you are on the right track.
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- 작성일 2020-04-03
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- Kudos Professor Chengwei Wang NEW
- Professor Chengwei Wang's paper, "Investing in Low-Trust Countries: On the Role of Social Trust in the Global Mutual Fund Industry," has just been accepted for publication in Journal of Financial and Quantitative Analysis. The paper describes that social trust, in mitigating contracting incompleteness, may have an important effect on the activeness and effectiveness of delegated portfolio management by using a complete sample of worldwide open-end mutual funds. Also explore the impact of trust in general and the role of the two mechanisms of trust in particular—i.e., trust in the market and trust in managers—in the global mutual fund industry. JFQA is considered to be one of the top-tier academic journals in the discipline of finance published by the Michael G. Foster School of Business at the University of Washington. Big congratulations, and many thanks to Professor Chengwei Wang for her continued contribution to SKK GSB! + Link to Research : https://gsb.skku.edu/en/Faculty_Research/Insights.do mode=view&articleNo=94239&article.offset=0&articleLimit=10
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- 작성일 2020-03-26
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- Interview with students from Dartmouth-Tuck and IU Kelley school
- From early Jan 2020 to early Mar 2020, six American students from Dartmouth-Tuck and IU Kelley school attended an exchange student program at SKK GSB. Nicole Nava (Tuck, Class of 2020) and Alice YI (Kelley, Class of 2020) shared their feelings about their Study Abroad Program in SKK GSB in Korea. Why did you choose SKK GSB to study abroad? Nicole: I chose SKK GSB because I wanted the opportunity to live and study in Asia. After enjoying an undergrad exchange program in Europe, I really wanted the chance to live in a new environment. I have been to Seoul before and absolutely loved it! It's a wonderful city filled with many things to do, and I knew this would be a once in a lifetime chance! Alice: I chose to study at SKKU because it was an opportunity for me to live in Korea. While I’ve visited Seoul many times before, this would be a new experience for me to live and study here. What impressed you most in Korea and SKKU? Nicole: Besides food, I would have to say the overall infrastructure and community in Seoul and SKK GSB have impressed me the most. Coming from New York, I am consistently impressed by public transport and the respect everyone has for each other and the environment around them. Community is a huge thing for me and is the major reason I chose Tuck as my full time MBA program. I am happy to find a similar feeling here at SKK GSB. Alice: The food and transportation system always impress me in Korea. Delivery is incredibly fast and there are so many options. How did you feel about the class and what did you learn from SKK GSB? Nicole: Everyone in class has been so welcoming! I'm taking both full time and executive MBA courses and have loved all of my classmates. Everyone comes with a different experience, and I have thoroughly enjoyed how international the classes are. Alice: The classes I took in SKK GSB are not too difficult for me. It’s been a great experience to learn with classmates from different cultures and backgrounds. Yin Lin, SKK GSB PR Committee, Class of 2021
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- 작성일 2020-03-03
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- On Negotiating a good Agreement
- Do you want to get the best offer? Do you want to build a long relationship with your partner? Adam Castor, a professor of SKK GSB raised these questions while delivering his lecture on Negotiations to the students of SKK GSB, Kelley, Tuck, and EDHEC this semester. Professor Castor’s class teaches students the essential tools of negotiation, to help them to improve their negotiation skills as well as to let them understand their strengths and weaknesses and improve their negotiation style in their lifetime. A good negotiator is usually well prepared before the negotiation starts. • BATNA: Best backup plan to a negotiated agreement A successful Negotiation usually has a good planning strategy. Prepare 2 -3 options during the planning • Reservation price: Worst offer you’re willing to accept Analyze how important each issue is to you and your opponents. • Bargaining zone: Range between buyer and seller’s reservation prices • Target price: Ideal agreement A good negotiator usually has the following motivation. The smarter negotiator appears to be able to understand his or her opponents' real interests and thus to provide them with better deals at lower cost, which is the cornerstone of integrative negotiations. Top negotiators always have a win-win motivation. Cognitive ability tends to reach the best agreement for both parties. With that attitude, ask more questions during the negotiations and try to understand the other party’s situation. Understand their style. Different negotiators have different personal or cultural preferences. Many Western cultures have a quick-paced approach to negotiations, while it can be a little different for Asian cultures. To find the tradeoffs and creative solutions that ensure that everyone gets a fair deal, you have to share information about your needs and priorities. The extent to which you trust the other party should determine your approach to sharing and collecting information. Usually, the best chance for a good agreement comes from both parties trusting each other and disclosing information on each side and trying to find the best solution for both sides. This also can build a long-term relationship. A good negotiator usually follows these steps during the negotiation. It gives fewer reasons to support arguments. Tries to make the first offer, usually the recipients use the first offer as an anchor and they do not adjust a lot within their Bargaining zone. The people who make the first offer generally win the negotiation. Asks counterparts to explain their reasoning, and sometimes waits for a response or threatens to walk away. Adam Castor holds a Ph.D. in Managerial Science & Applied Economics from the Wharton School of Business. He was an Instructor at the Wharton School, University of Pennsylvania, Philadelphia, and is now a professor of SKK GSB. Yin Lin, SKK GSB PR Committee, Class of 2021
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- 작성일 2020-02-14
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- Students excited about start of second semester!
- January 6, 2020—The Full-Time MBA Class of 2021 started their second semester with the first-class on Investment Management taught by Prof. Raunaq Pungaliya. He started the class by talking about the global financial crisis. Everyone used what they had learned from earlier classes and wrote a short essay about what happened in their hometowns and what their governments and central banks did to handle the Financial Crisis. Everyone was assigned their new teams in Investment Banking, Marketing Planning, and the ABP program. There are 50 French students from MMS(Jointly offered by SKK GSB, EDHEC and UC Berkeley-Haas) and 6 American students from Dartmouth-Tuck and IU Kelley school who joined the students of the GSB class of 2021 this semester. The same evening, Tyron Sabatta, the President, and Melina Bauer, the Vice President of Class of 2021 arranged the welcome dinner on the 5th floor of the International Building. Professor Raunaq Pungaliya and Aleksios Gotsopoulos attended the event. Students sat in different groups and played games to practice their creativity and use their intelligence. Students of diverse nationalities and backgrounds showed a united front and cooperated well with each other. SKK GSB values the idea of bringing together diverse students and fosters a sense of faith and coexistence. Yin Lin, SKK GSB PR Committee, Class of 2021
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- 작성일 2020-01-30
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- SKK GSB, #1 MBA in Korea for 9 consecutive years since 2012 - Financial Times
- SKK GSB, #1 MBA in Korea for 9 consecutive years 2020 Financial Times - 13th in Asia & 54th in the world - (Jan 28, 2020) Financial Times’ (FT) Global MBA Rankings announced SKK Graduate School of Business (SKK GSB) Sungkyunkwan University as #1 in Korea, #13 in Asia, and #54 in the world. FT announces the world’s top 100 MBA programs every year. In 2020, it ranked Harvard Business School as #1, University of Pennsylvania, Wharton as #2 and Stanford Graduate School of Business (USA) as #3 in the world. Among Korean business schools, SKK GSB is ranked among the top 100 MBA programs in the world again. SKK GSB has been crowned as No.1 MBA in Korea for the nine consecutive years since 2012. SKK GSB was evaluated highly in ▲ career development and ▲ globalization by FT. Its strong competitiveness in these areas has boosted SKK GSB as the world's 50s MBA program again. Related Articles (in Korean) SKK GSB is ranked # 1 in Korea & #54 in the world by 2020 FT (University News Network)
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- 작성일 2020-01-28
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- 'Kelley - SKK GSB Women in Leadership Club’ Launch Ceremony
- January 8, 2020 - With the full support of Kelley School and the SKK GSB faculty, the Kelley-SKK GSB Women in Leadership Club began its much-awaited journey toward inspiring and influencing those in need and one another. The president of the Women in Leadership Club, Grace Ko (Executive MBA Class of 2018, Jones Lang LaSalle Korea), said, "I believe that Kelley-SKK GSB EMBA seniors and juniors hold a key position of influence for the positive development of our society. As we will have to face more challenges and more heavy burdens if we keep going to the top position, I hope we can talk to experienced senior alumni and ask for advice whenever we face such unexpected experiences in higher positions. Let's hope to grow into a female executive with a high level of AQ (adversity quotient)." It was an honor to invite Brenda Marie Bailey-Hughes, a professor at Kelley school, to give a lecture on 'You Don't Get What You Don't Ask For.' During the opening ceremony, the 31 participants understood that the Women in Leadership Club would be a lifelong supporter for the members.
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- 작성일 2020-01-22
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- Interview - Prof. Xing Zhang
- Professor Xing Zhang, a marketing professor at Sungkyunkwan University, discusses his background, life before becoming a professor, and his experience at SKKU this year. ■ Where are you from? I grew up in Inner Mongolia, an autonomous region in northern China. It is a region where most Mongolian-speaking people – Mongols in China live. I admit that the name of the place may confuse people if they are not from China. When I say "I am from Inner Mongolia in China," probably they hear "Inner Mongolia" as "in…eh…Mongolia". From time to time, the response was:" So you are from Mongolia? Not China?" I have to give a five-minute lecture on China's history and the difference between Inner Mongolia, which is a region in China, and Mongolia, which is a state. By then, the conversion would often come to a dead-end. ■ Where did you study? I did my undergraduate in China and a PhD in Singapore. ■ What made you choose a business? Admittedly, studying business was not my first choice and not based on my parents' expectation, either. Like many Asian families, my parents took excellent care of my extracurricular activities when I was a kid. I spent a great deal of time practicing accordion after school. At the point I had to decide which major to choose in college seriously, they figured out that studying accordion may not lead to a promising career, and we all happened to agree that studying business may be a better choice in terms of job prospects. ■ What made you decide to go into teaching? Being a student for long enough, I have encountered a lot of great teachers who make significant impacts on me. They were the role-models whom I would like to follow. Several years ago, I served as a teaching assistant to a senior professor who was diagnosed with late cancer and passed away two months later. At the time, he could no longer walk on his own because of the severe side effect from the chemotherapy, so another teaching assistant and I fetched him from the car to the classroom using a wheelchair. What struck me was that he could not speak for very long when we were on the way to the classroom. His voice was so powerless, and I was always worried that he would not be able to teach. But once the classes began, it seems that he was fed with some magical energy from the crowd. He would suddenly turn into a lively lecturer and a powerhouse in leading the class discussion. Everyone in the classroom was so engaged that I even forgot he was ill, and I think so did he. What I saw was that teaching might not be easy, but it is exhilarating if one is entirely devoted to it. ■ What do you enjoy most about teaching? The most enjoyable moments are the ones during the class discussion. Since our MBA students' background are very diverse, they often offered fascinating insights which are completely beyond my expectation. I still remember in one class when we were discussing a case about the fashion retailer "Forever 21". One student from the U.S said the number "21" is very special to American youth because it is the age when drinking alcohol becomes legal. I am still not sure whether that is the reason why the company was named "Forever 21", but now I can remember the legal age for drinking in the U.S forever. ■ What type of research did you conduct in the past? I use lab and field experiments to study consumer psychological biases and their implications in marketing. ■ What are you currently researching? I am working on a project with my co-authors on the chatbot. We look at how chatbot's ability to conduct chitchat influences people's trust towards the chatbot's financial advice. Research in psychology has shown that we tend to use superficial, and sometimes irrelevant characteristics to make inferences about the others' competence. If you like the politician's appearance and voice, you are more likely to consider him/her as trustworthy. This tendency, or bias in decision-making, is coined as the "halo effect" in psychology. We found that this tendency is manifested during human and chatbot interaction. When human decision-maker is randomly assigned to a chattier chatbot who knows the meaning of life (it is 42, of course) and can tell a joke, the decision-maker is more likely to take the chatbot's advice about whether to take financial risk, although the chitchatting and advice-giving are two unrelated features of the chatbot. ■ What has been your best experience so far at SKK GSB? The best experience is interacting with colleagues when I first joined SKK GSB last year. I was impressed by the collegiality here. Everyone is so generous in helping and supporting each other. I felt welcomed when I was settling down in Seoul. There were countless times that I received advice and guidance from my colleagues, which helped me adjust to the new environment. Whitley Pannell, SKK GSB PR Committee, Class of 2021
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- 작성일 2020-01-15
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- 2019 Full-Time MBA Year-end party
- The first semester for the Full-Time MBA class of 2021 and the last semester for the Full-Time MBA class of 2020 came to an end. SKK GSB organized the annual Study Break—a formal gathering of students and faculty before Christmas— to wish the class of 2020 a prosperous future and to encourage the class of 2021 to move forward. The annual party started at 6 pm at the Grand Ambassador Hotel, Seoul. The main purpose of this event was to encourage students and instructors to cooperate, socialize and build good relationships outside the classroom. Since the get-together party was held at a time when we were all free, it was a way for us to share information on study and job opportunities as well as to find out how we spent our time and to update everyone else on what was going on in our lives. A delicious buffet style dinner and wine was laid out for all the participants and a lucky draw followed. After the dinner party, some of the students and faculty went to Itaewon to continue their second-round of parties. Everyone enjoyed the time after their final exams, before students and faculty started to plan their own Christmas and new year winter holiday events. Some students planned to visit their home town, some planned to travel abroad with their friends and family members, some decided to stay, review their studies and seek new internship and job opportunities, and some were preparing for their Dual degree and Study abroad program. The class of 2021 will all return and resume classes the first week of Jan, 2020. Yin Lin, SKK GSB PR Committee, Class of 2021
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- 작성일 2020-01-13
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- Donation to ‘Dong-Haeng’ with proceeds raised from the PMBA graduation party
- MBA students at Sungkyunkwan University at their graduation party. Students of Sungkyunkwan University have become the talk of the town by their good deeds. The students donated the proceeds raised from the sale of fashion items that fit the dress code at the graduation party on behalf of "Action for Animals” (Dong-Haeng). The animal rights group Dong-Haeng, to which students donated the proceeds, is a professional organization founded for the welfare of captive animals, being the first of its kind in Korea. Since last July, the organization has held a total of 10 monthly-seminars for the welfare of animals used for experiments to provide more information to non-professional outsiders of the Animal Experiment Ethics Committee. Avril Han, an MBA student at Sungkyunkwan University, attended these seminars and was deeply moved by what she saw there. This experience prompted her to devise the donation scheme at the graduation party. Fancy items that fit the dress code of the graduation party were sold, and all proceeds raised at the party were donated to ‘Dong-Haeng’. Avril Han said, "My initial plan was to raise money for the Organic Animal Protection Center. However, I learned from the seminar about the work of Dong-Haeng, and through discussions with my colleagues, I made up my mind to contribute to that." As she explains it, Han was motivated to attend the seminar of Dong-Haeng, "Because I work for a cosmetics company, I had opportunities to visit laboratories and watch laboratory animals. The more knowledge I gained of the harsh reality that animals in experiments face, the more I wanted to do something worthwhile for them. This compelled me to attend the seminars of Dong-Haeng and donate the proceeds from this graduation party." Avril Han said that she was heartbroken whenever she saw the suffering of animals. In order to offer more practical help to the animals, she has been keen on attending seminars to learn more about what animals used in experiments face. Han said she was not aware of Korean organizations like Dong-Haeng, since she spent her early days abroad. She is thankful that there are organizations and groups that offer ideas for her to sympathize with and get inspired by. Avril Han, who spoke with much confidence about her thoughts and beliefs, is a very amiable person. Her amicable nature is exemplified in the picture above. The total sum of proceeds raised at the graduation party was 500,000 KRW; Avril Han herself organized the buying and selling of items that matched the dress code to her classmates. The hard work of Han and her fellow MBA students at Sungkyunkwan University seems to be well portrayed in the picture above. The photo above captures the joy of the graduation party, the thoughts of students on the welfare of the animals experimented upon, and the conviction of Avril Han, who led the party atmosphere. Although the amount of donation was not as huge as contributions sponsored by big companies, the meaning and significance of a 'donation' by the MBA students at Sungkyunkwan University shone brightly. This sponsorship of the MBA students at Sungkyunkwan University definitely inspired the future works of Dong-Haeng and encouraged its incessant focus on the welfare of animals used in experiments. Dong-Haeng is the nation's first professional organization founded for the welfare of captive animals. However, the field where the organization focuses on is yet to be known to many. Prompted by seminars for the Welfare of Animals used in experiments, the donation of MBA students from Sungkyunkwan University would further encourage welfare work in this field and draw the attention of intellectuals around the globe to the field of animals used in experiments. Like the famous saying ‘Rome was not built within a day’, this small deed of students may, one day, be considered as the first step toward greater achievement. Link to the original article(Korean): http://www.yahopet.co.kr/news/51793
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- 작성일 2020-01-09
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