-
- Professional MBA - Global Field Trip in Japan
- SKK GSB announced that the destination of Global Field Trip in 2019 was Tokyo, Japan. Throughout the Tokyo Global Field Trip, conducted in June 2019, I earned a bigger and wider perspective than before, and was able to better understand all the contexts related to my professional life. I would like to briefly introduce what we learned on this trip. As soon as we all arrived in Tokyo, the first place we visited was JPX, the Japan (Stock) Exchange Group. JPX is a Japanese financial services corporation that operates multiple securities exchanges, including the Tokyo Stock Exchange and Osaka Securities Exchange. We also visited the Yebisu museum, where we had some welcome drinks, and took in the 200 year history of the Japanese beer industry. [DAY - 1] We attended a one-day MBA program at Hitotsubashi ICS. 1. Japanese HRM session: Challenges for the Future, by Professor Hiroshi Ono In this session, we were able to learn high-level concepts of Japanese HRM (Human Resources Management). This session also helped us better understand how the world’s core business focus was changed from manufacturing to IT technology, and how companies have changed the way they run their businesses and manage human resources. 2. AI Business in Japan, by Professor Kangyong Sun In this session, I personally had a chance to pick up very useful knowledge related to my current professional responsibilities, especially marketing automation. I have more than 5 years' experience in marketing automation, but this session helped me take a deep dive into AI in the Japanese and Chinese markets. 3. Introduction to ICS, and Japanese Culture, by Professor Mina Nishisaka This Japanese cultural session was very meaningful, and the presenter was outstanding in delivering structured information about Japan to students. ‘Wa’ is almost everything that represents Japanese people’s state of mind; ‘Wa’ also stands for the harmony that can live as a part of a group of people. Without the understanding of ‘Wa’, we can’t understand Japan. [DAY - 2] We went on two company - onsite visits, and picked up some very practical insights. 1. MonotaRO – Kasama Distribution Center At MonotaRO’s Kasama Distribution Center, we were able to see unbelievable automated stacking solutions. This distribution center has been in operation for 20 years, and has received a Porter Prize. MonotaRo’s business model was quite simple: They’re buying and selling indirect materials for factories and construction sites via the internet. However, with full-time automated inventory management solutions in the Kasama Distribution Center, their efficiency of storing stocks, inbound/outbound routine, and shipment is exceptional and inimitable. In return, its CAGR has been 20% for several years in a row. They also have very prospective and solid growth plan for the coming decades. 2. LINE Corporation LINE is well-known mobile messenger platform, created by a Japanese unit of NAVER, based in Korea. LINE’s headquarters is situated in Tokyo, Japan, as they gained huge recognition first in Japan, and then expanded into the Southeast Asian market, including countries like Thailand, Taiwan, Indonesia, and others. The most important figure we learned was 79% of DAU/MAU, which indicates usage rates and user engagement. In other words, this means 79% of active monthly users are using LINE every single day. LINE also introduced us to the wide scope of their business, which includes LINE Today (with news contents), LINE Finance (that covers insurance and banks), O2O services (like food delivery), their licensing business (featuring their characters), and the LINE mobile messenger itself. Throughout this trip, I was able to raise my bar higher than before; I realized that I am the one who needs more innovation in my life. This experience also helped me understand how I should deal with uncertainty in this fast-changing business environment. Overall, this trip really guided me in many good ways, and I was surprised by the high quality of the program. I would like to sincerely thank Professor Jaepil Choi, Crystal Lim, and other staff involved in this global field trip program, for giving us a great opportunity to pick up practical knowledge. Those lessons can be applicable to my current professional life. Jay, Jeong Kyu Yang (Class of 2020, Professional MBA) A digital marketing consultant at Samsung S-Core.
-
- 작성일 2019-07-30
- 조회수 7552
-
- Alumni Interview - Hwa-yong Sim (Full-Time MBA, Class of 2019)
- Hwa-yong Sim (Class of 2019) graduated from the Full-Time MBA course this February. To assist foreign alumni in their job-seeking process, Sim recently launched a job support project for foreign students. To help the Hirediversity project to succeed, SKK GSB established the SKK GSB Care Committee earlier this year, which has been actively assisting the project by providing office space. SKK GSB’s PR Committee interviewed the founder of Hirediversity, Sim, to scrutinize his project in detail. What did you consider when applying for MBA? My primary goal was to complement my lack of knowledge and expand my network through the MBA program. SKK GSB's Full-Time program fully met my needs. What was the most impressive class in the MBA curriculum? We all are talented individuals from 15 countries around the world. I was able to acquire a global perspective by working on projects with my fellow classmates. For example, in Professor Gokce's Creative Thinking class, I teamed up with students from Singapore and Thailand and worked for a month on problems related to Korea's daily work commute. It deepened my understanding of the traffic situation in Singapore and Thailand, as well as the way governments and citizens approach this issue. The biggest attainment is that I got to approach this topic from diverse perspectives. Professor Tae-young Kim’s Strategic Management class was very impressive as well. From the real-world examples of creative shared values (CSV), I contemplated a lot about how to improve Hirediversity from a simple student-volunteer work to a more dynamic and efficient project. Earlier this year, you launched Hirediversity project to assist SKK GSB students get jobs. What made you to start this project? In the process of helping foreign students with their job search, we found that there was a problem with the system. The biggest problem in the job search process was the lack of access to information. From the standpoint of foreign students, there were few reliable means to access corporate job openings. The job openings are normally shared through social networking sites such as Facebook, where information is spread without proper verification. It is almost impossible for an individual to check and search all the details prior to his or her application submission. On the other hand, from the corporate point of view, there are difficulties in reaching out to foreign job applicants. I felt the urgent need to eliminate the information dissemination problems between the two parties. Tell us about what you achieved so far with Hirediversity. The Hirediversity project achieved the goals set during the initial planning phase. The goal at the planning stage was to increase the quality of jobs for applicants and to raise the employment rate. To help boost the employment rate, we e-mailed about 300 companies to enquire if they were looking for foreign applicants. To improve the quality of jobs, we translated and provided "average salary" and "company reputation" to foreign students, which are not readily available to them. These efforts turned out to be fruitful; 9 out of 12 students ended up with satisfactory vocational positions. In addition, some schoolmates have given priceless advice regarding salary negotiation; they advised to seek an annual salary that is about 30% higher than the current amount. What I learnt from SKK GSB is that communication skills and strategic thinking ability were critical in this process. Now, our aim is to resolve the visa problems for foreign students, which is by far the biggest handicap in foreign student employment.
-
- 작성일 2019-07-19
- 조회수 7647
-
- Best & Brightest Executive MBAs - Jungwan Shin
- Jungwan (Julia) Shin Indiana University Kelley School of Business/SKK Graduate School of Business, Sungkyunkwan University “Positive challenger who passionately and courageously pursues innovation, turning the impossible into the possible.” Hometown: Seoul, South Korea Fun fact about yourself: I have often been told that I can’t do something I really wanted to do because of “some” reasons. Despite their worries, I continued to pursue what I believed with confidence and a positive mindset. For instance, when I wanted to get promoted as head of an organization at a U.S. firm, some said that I wouldn’t get promoted because I am female, Asian, and a local person. However, I made it. And when I was thinking of studying in the executive MBA program, many people said that I couldn’t complete the program because I am “too old to study.” But I accomplished it at the age of 52 with even better results than I expected. My life seems to be an ongoing journey, where I need to make the “impossible” into the ‘’possible.” Where are you currently working? AJPOP Business Consulting Korea as CEO and representative management business coach: • Helping CEOs improve managerial capability and competitive advantage via 1:1 business coaching and other training • Assisting the CEO-succession process with succession planning and business management teaching to successors. • Helping the management with executive roles via executive business training • Having CEOs and CEO successors connected to well-known successful leaders from different entities including government organizations, corporations, and universities for support, insights, and inspirations • Offering business and economic forms for CEOs with high-level leaders in Korea giving lectures and discussions including government officers, well-known professors, presidents of associations, and other professionals like corporate lawyers • Providing public lectures on business management, entrepreneurship, corporate culture, and leadership to the employees of corporations and other organizations Which academic or extracurricular achievement are you most proud of during business school?The company that I established three years ago was selected and certified as a “2019 excellent company” in the sector of consulting CEO and CEO successors. I think this is partially attributed to the EMBA program. I applied business knowledge that I learned from the executive MBA to my real-world business practices. I am so proud of what I did during business school. What achievement are you most proud of in your professional career? When I was at AIG Korea, the CEO announced that AIG faced an unprecedented, serious crisis affecting its worldwide business, not to mention AIG in all countries. We struggled with great confusion and loss, but we tried to find the best solutions to recover by protecting our customers from leaving AIG and reducing loss. Our team stayed focused on roles and responsibilities with greater efforts. I remember I stayed late at my office almost every day to resolve so many related issues. There were many customer complaints and very high staff turnover. One day, I got a letter from the president of AIG’s head office. It said, “It is an extraordinary time for our business. Our business is fundamentally based on people, and you play an important role in executing AIG’s strategy. Thank you for your extraordinary contribution and dedication to AIG.” I voluntarily had great dedication and commitment and I really wanted to contribute to the recovery of the business during a very bad time for AIG. This is the most memorable and fruitful time in my professional career. Another more recent and important achievement for me happened in 2018, while I was studying for the executive MBA. One day, one of my clients called me with an urgent tone in his voice and asked me to come to his office suddenly, saying that his company might be in deep trouble. His son had expanded his business in expectation of business growth and increasing trade between Korea and China. But after the strained relationships between the two countries arose in 2017, trade decreased suddenly and the impact was huge. Many similar businesses were failing and or were in crisis. He asked me to help the company. I prepared detailed crisis management plans. Fortunately, the solutions applied worked out. In fact, I applied much of the knowledge that I learned from the EMBA program and it helped. My previous business work experience and the MBA knowledge that I gained were all well combined and applied successfully! Extracurricular Activities, Community Work and Leadership Roles: • My company was selected and certified as a “2019 Excellent Company in Korea in Consulting CEO and CEO Successors” by NICE SI, Korea’s No. 1 corporate evaluation organization in 2019 • Honored for academic excellence by the business school • Awarded the “Gold Prize of Outstanding Achievement” by the business school • “Future CEO scholarship” recipient • Selected as Secretary General for Korea’s business and economic forum • Mentor to MBA student in SKK GSB What was your favorite MBA course and what was the biggest insight you gained about business from it? It was the Management of Organization course, which dealt with many topics relating to the management of organizations, including business power, social networking, employee behaviors, leadership, and corporate social responsibility. During the course, our class considered the interesting experiences of successful people like Heidi Roizen and Monica Ashley, which I found very exciting and related to my daily business activity. During the class, we discussed real-world business issues and individual behaviors and interactions which affect every organization. It covered the behaviors of senior executives that affect the entire business management process and social welfare. When we diagnosed problems and challenges in class, I realized why win-win networking skills are very necessary for better business standing and decisions. Why did you choose this executive MBA program? The school has an incredible mix of courses as well as great professors who help students learn fundamental business management skills. In fact, I chose the school because the whole program was so exciting and the professors deliver business knowledge effectively and share real-world business experiences. For example, Dean and Professor Idie Kesner would be a great role model for anyone. She guides students to think deeply on how business strategies should be based on global perspectives. Professor Eric Shih and Professor Rockney Walters are great professors in teaching marketing strategies in this MBA program with their real business experiences at large companies such as GE, Apple, Samsung, and LG. Professor Jaeha Lee and Professor Andrew Yi are well-respected professors who are effective teachers skills possessing great business knowledge. They so pleasantly spend time with students and share many real-world practices. I guess all of the professors in the MBA program are great and amazing with a very good mix of business knowledge and practices. This is the reason for my choosing this MBA program. I enjoyed my choice indeed. What did you enjoy most about business school in general? Since I have been working at global companies for many years, I just wanted to study at the business school to help me combine my business experience with the academic knowledge to upgrade my business skills. This was the reason why I chose and enjoyed the program so much. What is the biggest lesson you gained during your MBA and how did you apply it at work? “Do not stop learning!” This was the biggest lesson, I learned and a lot more than I expected. Give us a story during your time as an executive MBA on how you were able to juggle work, family, and education? I had a decent talk with my husband for his support and understanding before I applied for the MBA program. He gave me a great understanding and support all the time. More importantly, I always thought of my daughter who was studying medicine at the university and hospital. When I thought of her hard work, nothing was comparable. I studied very hard. I tried to manage time carefully in order to not miss any assignments and lectures. I got up early in the morning to read for class assignments. I often went to bed late to do homework and read articles for MBA. However, I always made sure to get to sleep before midnight so I could be efficient and effective at work during the day. The biggest challenge was using time effectively. What advice would you give to a student looking to enter an executive MBA program? This executive MBA program is so great. I can’t explain how great the program is. Please be open and brave and do not worry too much about it. Just go ahead with courage and boldness. You will figure it out. Your peers will encourage each other to finish the MBA journey completely. In my particular cohort alone, there was such a diverse group of talented people. For instance, one particular member was an outstanding leader who ensured that we stayed focused on our studies. Another was able to share with us the latest technology knowledge that he acquired in his professional career. Finally, another valued classmate brought a sincere happiness and enthusiasm to every session which lessened the pressure of balancing academics with our work and social lives. I strongly recommend this executive MBA. Your future self will be so proud of what you did today!” What is the biggest myth about going back to school? Before returning to school, I unsure about how the experience would affect my life. Since graduating, time-and-time again I realize this executive MBA has left a great impact on me every day. It gave me great knowledge. More importantly, it gave me great pride. And it gave me great connections, thanks to Kelley’s strong alumni all over the world. What was your biggest regret in business school? The only regret that I have was that I had to miss two days – one due to a business trip to Europe and the other one due to the flu. I tried to attend all the classes and get focused on what professors delivered. I really enjoyed each class indeed. Which MBA classmate do you most admire? I thank Jiyoung Lee, who always encouraged me to stay focused on studying. She helped me stick with completing the program whenever I became worried about my tight schedule for work and study. Like me, she takes care of work and also is a wife and mother. Unlike me, she was required to complete the program by her employer. I could have dropped out if I wanted, but she kept encouraging me – telling me that this program could have a great impact after graduation. Because of the many business trips I must take – which require a lot of energy and time – I had to use every weekend for my studies, which was very tiring. We shared with each other what worked in balancing concerns at work and home with our studies. “I knew I wanted to go to business school when…I wanted to upgrade my professional experience and abilities, through better academic business knowledge and become more confident of my business management skills.” What is your ultimate long-term professional goal? I would like to make my company become the No. 1 business coaching company in Korea, based on the reputation of the most respected companies I serve. I want to help my clients grow and succeed in their visions coming true. This is my vision. In one sentence, how would you like your peers to remember you? The nice cohort who always showed passion, challenge and courage, and who stayed focus on the lectures and would continue to build good friendships even after graduation What are the top two items on your bucket list? 1. Talk with 100 successful leaders worldwide, face to face, by 2021 and then share their great tips with my clients for their success in life and business 2. Having a great time and fun in Northern Europe with my daughter and husband in two years, after my daughter finishes her degree. What made Julia such an invaluable addition to the class of 2019? “All of the EMBA faculty and her classmates will agree that Julia Shih genuinely cares about the things she does and, most importantly, the people with whom she works. She is an intellectually curious person who inspires those around her to invest their time and energy into their studies as well as to the welfare of one another. Despite the rigor of the academic program and the sacrifices it took on participants’ time and energy, she faced every challenge with an enthusiastic “can-do” attitude that brightened the environment for both students and faculty alike. She clearly is the type of person you would readily consider as a mentor, a valued colleague, and a friend.” Article source: https://poetsandquantsforexecs.com/2019/07/01/2019-best-embas-julia-shin-indiana-university-kelley/
-
- 작성일 2019-07-11
- 조회수 7591
-
- An MBA in English? Why not study for it in my own language?
- An MBA in English? Why not study for it in my own language? There are many choices of MBA programs, most of them in English, but some good schools also offer programs in other languages. The challenge of learning a new discipline in a foreign language may be daunting for some people, and this may lead them to think that the best option for them is to enroll in a program in a language other than English. However, if a candidate has a good enough grasp of English – even when he feels he could improve more – and has a good profile, the best option is to apply to an MBA program completely taught in English. After several centuries of business centered in Anglophone countries, the English language dominates in many industries, however, this is not the main reason why it is advisable to apply to a program in English. The core benefit of studying an MBA in English is the opportunity this provides to understand a wide range of cultures and work ethics around the world. For those interested in global careers and in working for multinational companies, it is important to get out of one’s comfort zone. In addition, the networking possibilities are much more extensive in these types of programs. Not only do a large number of people of different nationalities apply to these programs, but also, they are often taught by different professors of diverse origins who can contribute to career building. - Gonzalo Pinzón Trujillo (Colombia, Full-Time MBA - Class of 2020)
-
- 작성일 2019-07-04
- 조회수 7203
-
- Research Stories - Prof. Yanbo Wang
- CEOs Often Time News Releases to Boost Value of Stock Grants Managers strategically time the disclosure of discretionary corporate news to coincide with the scheduled vesting of their equity grants. The timely release of news, from corporate quarterly reports to information about mergers or other significant corporate events, can have major impacts on companies; share prices. Chief executives are well aware of this. As Alex Edmans, Luis Goncalves-Pinto, Yanbo Wang, and Moqi Xu show in Strategic News Releases in Equity Vesting Months (NBER Working Paper No. 20476), CEOs often strategically time the issuance of favorable news releases for the months when their previously agreed upon equity grants are scheduled to vest. This raises the value of their equity positions at the time when they could first liquidate their holdings. For years, public companies have been required by regulators to release certain types of information, such as corporate financials or plans for annual shareholder meetings, on a timely basis as part of the effort to create a level playing field for all investors. Previous studies have shown that both non-discretionary (mandatory) and discretionary (voluntary) news releases by companies can increase liquidity, firm value, and share prices, and they have also explored the roles of CEOs in publicly distributing company information. In this study, the authors sought to determine whether CEOs' participation in the release of discretionary information could be linked to months when their equity grants, often negotiated years in advance, were scheduled to vest. To determine the vesting months for CEOs, the authors relied on data from Equilar between 2006 and 2011 and on hand-collected data from proxy statements and other SEC filings from 1994 to 2005. They found that CEOs were more likely to sell shares during their vesting months, although many CEOs did not sell shares at all. The authors then sampled 160,000 corporate news releases, using a database that allowed them to differentiate between non-discretionary and discretionary releases. They used Thomson Reuters News Analytics to determine whether subsequent media coverage was favorable or non-favorable to the company, and found that, on average, discretionary news releases were associated with positive media coverage. The authors conclude that disclosure of one discretionary news item in a vesting month generated an average 16-day abnormal return of 28 basis points, and that this return was statistically significant. Over 31 days, the return was smaller, suggesting that discretionary news releases may have only temporary price effects. The authors found 5 percent more discretionary news releases in CEO vesting months than in prior months. By linking the timing of discretionary news releases with their data on the exercise of stock options, the authors found that the median interval between a disclosure in a vesting month and the first equity sale by a CEO who sold was five days; the median interval until sale for the CEOs who sold the entire vesting amount was seven days. "This paper shows that managers strategically time the disclosure of discretionary corporate news to coincide with the scheduled vesting of their equity grants," the authors conclude. The news is associated with favorable media coverage and "leads to temporary increases in the stock price and trading volume, consistent with anattention [-getting] story. CEOs exploit these temporary effects." Same article in SKKU homepage: https://www.skku.edu/eng/Research/industry/researchStory_view.do?mode=view&articleNo=73244
-
- 작성일 2019-07-01
- 조회수 7407
-
- Student interview - Neeraja Sankar(Tuck School of Business)
- Neeraja Sankar(Tuck, Class of 2019) applied for an exchange student program to SKK GSB while attending Tuck. She studied at SKK GSB from January to March 2019. Recently, PR committee of SKK GSB had an interview with her. Q) There are many options at Tuck, why did you choose to come to SKK GSB? A) I have always been curious about Korea and Korean culture and I thought the best way to feed my curiosity would be by spending 10 weeks in a country where I have never been to before. Of course, SKK GSB being the #1 MBA program in Korea also helped my decision. I am glad I chose to do it because of the insights that I got into the Korean way of life by completely immersing myself into SKK GSB activities and the social circle there. Q) What was your perception of Korea before coming? A) Since I had never been to Korea before SKK GSB, all I knew about the country was based on what I read, heard and watched on the news. I have always been intrigued about how the country made such great leaps in its economic and social development in a short span of time. After being to Korea, a lot of questions I had about the culture and society in Korea were answered – I can’t really say my ‘perception’ changed but I just have more firsthand experience about various aspects of Korean life. I understand how important familial values are in Korea, how working hard is the norm, the impact of chaebols on the economy and how food, fashion and music are a big part of everyone’s life Q) What is the most important thing you learned here at SKK GSB? A) Although Tuck is diverse in its own way, being at SKK GSB was a whole new experience in terms of intercultural interactions as there are not too many people at Tuck from East Asia. Apart from all the great things I learnt in the classroom, I learnt how to be understanding and empathetic when working with people who have a completely different way of thinking and working style. Q) To whom would you recommend to come to SKK GSB? A) Anyone who is adventurous, wants to be challenged intellectually and personally and loves Korean food! I guess my adventures were outside class! I skied for the first time in Korea, travelled within the country, went to the DMZ and a lot of that was on my own which was very uncomfortable at first but then I got used to it and started to see it as an adventure. And I guess the challenge was trying to make friends all over again, but once I crossed that barrier being at SKK GSB was a breeze.
-
- 작성일 2019-06-17
- 조회수 7612
-
- Prof. Tai-young Kim attended the Social Welfare Society's Spring Conference
- CJ Cheiljedang's social contribution activities were introduced as the best examples of "Corporate Sustainable Social Contribution Activities" at the 2019 Korean Social Welfare Society's Spring Conference on April 28. More than 100 officials from domestic and international social welfare agencies attended the event at Seoul Theological University. For two days, they exchanged their opinions on the event's theme of "Corporate Social Contribution for Future Generations." Prof. Tai-young Kim of SKK GSB, introduced CJ Cheiljedang's "Creating Social Value (CSV) Project for Rural Development in Vietnam" as a case study. CJ Cheiljedang has worked with the Korea International Cooperation Agency (KOICA) since 2014 on a project aimed at increasing income levels in Vietnam and strengthening the country's self-sufficiency. Professor Kim said "CJ Cheiljedang contributed to improving the income of farming households by spreading advanced agricultural technology, as well as pepper seeds, in poorer areas of Vietnam." He went on to explain that it was the farmers themselves, not the short-term increase in income, that allowed them to succeed. The farmers' self-confidence and "we can do it" attitude reflected the strategy, which is consistent with the sustainable development of talent and communities. Professor Kim added, "In particular, it distinguishes itself from Nestlé, which promoted CSV based on performance by selecting areas where the value chain of companies already exists." Relevant Article(Korean) : https://www.mk.co.kr/news/society/view/2019/04/269398/, http://news1.kr/articles/?3608318
-
- 작성일 2019-06-17
- 조회수 7268
-
- Professional MBA Golf Tournament
- SKK GSB PMBA Golf Tournament held on May 19, 2019 The SKK GSB golf tournaments, first started in 2015, unites all the SKK GSB families together to show off each individual’s golfing talent and ability. This year is the 5th tournament for PMBA students from the 1st to the 7th cohorts. All participants woke up on the morning of May 19th, a bit worried about the weather conditions, as rain was expected according to the weather forecast. Messages went back and forth, with updates on the weather conditions at the tournament CC. A total of 27 players gathered, all dressed up not as PMBA students but as professional golfers at Sky Valley CC. Rain did not stop our networking, bonding and golfing passion and a total of 8 teams successfully finished the 18 hole tournament. After the game, a reception was held at a local restaurant, celebrating the prize winners of the golfers with the longest hit, the nearest hit, the most double par, also for best dresser, etc. The top player trophy was handed to Seung-Chul Lee from the 1st cohort, who had an amazing score of 7 over par. Congratulations again! The SKK GSB golf tournament is held twice a year. The Spring tournament is played among the PMBA students and alumni while the Fall event includes the EMBA students and alumni. All the participants are looking forward to attending the autumn tournament. The SKK GSB golf event connects us with all alumni and students. The SKK GSB golf tournament is an open door group for anyone who has an interest in playing a round of golf as well as in bonding and networking with other cohorts. Sound interesting? Join the SKK GSB GOLF loving players!
-
- 작성일 2019-06-10
- 조회수 7238
-
- Executive MBA students discussed business strategy with Harvard Business School students
- 35 students from the Global Business Administration and 5 students from the SKK GSB Executive program met students from the Harvard Business School last May 16th to discuss about the business strategies of Korean companies. This meeting was part of the “FIELD Global Immersion” program at Harvard Business School. 108 graduate level students from Harvard visited Korea on May 13th to experience the corporate culture and strategy of 18 Korean companies such as KT, LG Household & Health Care and Big Hit Entertainment, which is the producing company of the world famous K-Pop band BTS. SKKU students analyzed the business case prepared by Harvard students in a consumer perspective and discussed about the business strategy of Korean companies. Relevant Article(Korean) : http://news.chosun.com/site/data/html_dir/2019/05/20/2019052000271.html
-
- 작성일 2019-06-05
- 조회수 7413
-
- 2019 Residency Ⅱ - Executive MBA
- The SKK GSB Executive MBA Program operates three overseas residency programs over the course of 1.5 years. Each residency program offers students an opportunity to interact with subject matter experts or actual practitioners in various areas in the global business arena, thus expanding the knowledge and skills acquired during the Executive MBA period. A student of the executive MBA program, Park Hyun-sung, shares his invaluable experience of the 2nd Residency Program. [Executive MBA Residency Ⅱ - Washington D.C.] Park Hyun-sung (Executive MBA, Class of 2020) Head for Washington D.C. The second Residency of the SKK GSB Executive program took place in Washington DC, which is the capital of the United States. What would I learn from this experience, I wondered? One sunny day in mid-April, I was filled with a sense of excitement and expectations on a plane bound for Washington Dulles Airport. On our first trip to the IU Kelley School last August, we felt a sense of belonging as a member of the IU Kelley school and gained insights on leadership and organizational management. I waited with interest to see what else will come about this time. It only took a day after arrival for my curiosity to turn into sheer excitement. The Washington Campus Thanks to the grand evening reception on Sunday evening, we were able to adapt quickly to jet-lag. The Washington campus was in a downtown building and was close enough to walk from the hotel. After the introduction of the program by Professor Mike Lord, the purpose, value and the location of this residency program became clearer. I realized what a great program it was! This is something that can only be acquired from the Residency Program of SKK GSB-Kelley School. Lectures of Distinguished Speakers The five-day curriculum was very intensive; some subjects were what I have never dealt with before. Fortunately, owing to my classmate who previously worked for the Korea Chamber of Commerce and Industry in the U.S., I was able to get a glimpse of trade-related information before our departure. Most of the curriculum consisted of a variety of topics that MBA students must know: Global Trade Policy and Negotiations, The political economy and its global implications (US, China, South/North Korea, and others), The role of Associations (The U.S. Chamber of Commerce, AMCHAM, The World Bank), The legislation procedure of the U.S. and the role of Congress in the public policy process, and so on. On these in-depth topics, the most meaningful part was that key figures in the U.S. administration, politics and economy spoke in person, shared their professional insights and exchanged various opinions with students. It was monumentally different from mere textbook learning. A number of spectacular speakers –Victor Cha, a Korean chair at the Center for Strategic and International Studies and a professor at Georgetown University, Mark Lippert, a former U.S. ambassador of South Korea, Wendy Cutler, a former U.S. Trade Representative and chief FTA negotiator, The Honorable Cliff Stearns and Charles Boustany, Federal Congressmen of the U.S., Tami Overby, a former regional director of The U.S. Chamber of Commerce and Industry covering Asia, Nick Montella, a regional director of The U.S. Chamber of Commerce and Industry in South Korea, and Dan Markus, a regional director of The U.S. Chamber of Commerce and Industry in China – gave us unforgettable lectures. Personally, the topics that intrigued me the most were about the Affairs of Northeast Asia, the trade war of U.S.-China, and the possible stance of Korea in these relations. Each speaker had a distinctive view and shared opinions accordingly on what Korea should uphold. What was dealt in depth – the inevitability of restoring future-oriented relations for Korea’s successful international relations – left a deep impression on me. In my current work, since I lack expertise in the field of international politics, government relations and legislation, it is commonplace to formulate strategies based on the task itself – such as patents, tariffs and customs clearance. But through this residency, I learnt to think with a holistic frame of mind. This might be helpful in the future should I get to exchange views on mid and long-term business strategies with the company's decision makers. If I hadn't chosen the SKK GSB-Kelley EMBA program, I would not have even dreamt of such an opportunity. Outdoor Activities in Washington, D.C. Washington, D.C., the capital of the United States, is not only the center of the U.S. legislature, administration, and judiciary, but also home of the White House and federal agencies in the United States. Washington D.C. can be said to be the world's capital as well, where embassies from more than 170 countries around the world reside. The headquarters of several institutions are also based in Washington: the IMF, World Bank, the Korea International Trade Association, the lobbying groups for the world of politics and economics and the functional groups. Despite the schedule that was fully occupied with lectures, we had the opportunity to visit various landmarks in Washington D.C.: The National Assembly Building of the U.S., The Lincoln Memorial, The National Press Club and so on. At the National Assembly Building, we could also hear an introduction to the history of the U.S. Congress, the Republican-Democratic relationship and the direction of basic policy. Closing Remarks It would be impossible to get a full grasp of everything I learnt in just a few days: the international situation, the impact of international relations on trade-economy, future prospects, Government Relations and Public Affairs, lobbying and so on. However, if it had not been for the Residency Program, it would have been impossible to get to the heart of these complex contents. I think the Residency program at Washington, D.C. was a masterpiece which consisted of a well-rounded curriculum, subject experts on varied and difficult topics, and last, but not least, the efforts of the MBA school managers who organized this. I genuinely hope that the SKK GSB-Kelly School EMBA Program continues to provide Residency Programs to students to broaden their insights and to gain knowledge that would prepare them to become future global leaders. I'm now back in business and swamped with work, but the impressions from the Residency still vividly linger in me.
-
- 작성일 2019-05-23
- 조회수 7471