Sungkyunkwan University’s SKK GSB (Graduate School of Business) and 3M Korea signed a Memorandum of Understanding on June 21st to establish a cooperative relationship and to promote sustainable development. Eric Shih, Dean of SKK GSB, and James E. Falteisek, Managing Director of 3M, attended the signing ceremony. 3M will provide SKK GSB with the support necessary for SKK GSB’s Applied Business Projects (ABP) where SKK GSB Full-time MBA and MS Business Analytics students will act as professional student consultants to provide solutions to business problems identified by 3M. The ABP course provides a forum in which students apply concepts, methods, and analytical skills learned in the classroom to develop innovative solutions to modern organizational challenges under the supervision of faculty. The program will kick-off this Fall with business analytics projects where students will provide data-driven solutions and a fresh analytical perspective to 3M management. SKK GSB has been No. 1 in Korea for 10 consecutive years in the Financial Times Global MBA Rankings. Over 70% of faculty and 50% of Full-Time MBA students are international, and the courses are conducted 100% in English. As a multinational corporation, 3M matches SKK GSB well for this partnership. Through this agreement, 3M and SKK GSB will continue to seek ongoing collaboration opportunities including summer internships for mutual benefit.
The Alumni Association is hosting the 2nd online meeting on June 25, 2021 (Friday, 7:00 PM – 8:00 PM). Not only alumni but also current students are welcome to join to seize the chance of meeting seven C-level executive alumni and participating in their panel discussion. Please find the detailed list of panelists below, and hope to see you all online! Zoom link: https://us02web.zoom.us/j/89103371204?pwd=NDFUY1phbTg2WHArU2VITVMxbjNqUT09
Q) Could you tell us about yourself? A) My name is SeokJin Han, and I’m enrolled in the Indiana Kelley–SKK GSB Executive MBA program. I’ve been working at Microsoft as a technical specialist in cloud computing and artificial intelligence for eight years, and before that I worked as a data warehouse expert at LG CNS. Q) What were your reasons for deciding to do the MBA, and why did you choose SKK GSB? A) I believed career development should be driven by yourself, not others, and I was interested in aligning the personal vision and the company vision. I had two options—one was to study more about AI technologies, and the other was to learn business perspectives and capabilities. After a careful reflection, I decided to choose an MBA to gain both new perspectives and a network of distinguished people. Selecting the Indiana Kelley–SKK GSB Executive MBA was a rather easy decision because I thought the course had clear advantages. It is jointly run by the globally renowned Indiana University Kelley School of Business and SKK GSB, allowing me to learn from top-quality faculty. There were other advantages, too: the program’s high ranking and reputation, being able to obtain an Indiana Kelley MBA and an SKK GSB MBA simultaneously, 100% English classes, and the Indiana Kelley professors’ visiting Korea to lecture and communicate with the students. Unfortunately, some classes taught by the Indiana Kelley faculty ended up being online due to the pandemic, but thankfully Indiana Kelley has outstanding online education know-how—they’ve been ranked first or second every year for online MBA courses—so that allowed me to maximize my MBA experience despite the physical constraints. Q) Please share how what you have learned during your MBA course has contributed towards your actual work, and how you can utilize this in the future. A) The SKK GSB Executive MBA curriculum is composed of topics that all business leaders should know about. I could learn about these topics more deeply and efficiently through discussions with professors and colleagues who are experts in each field. The students from different backgrounds were organically connected to help each other under the professor's guidance, so we could all maximize the learning experience together . One example of the learnings from the MBA that I applied at work was DuPont Analysis. The concept originally came from the Corporate Finance class, and it is useful for looking at different aspects of financial performance. I realized we could apply this perspective to team management, and used it to suggest my team’s refreshed Objectives and Key Results (OKR). This helped the team to focus on differentiation while strengthening partnership with HQ to maximize impact. The exercise was recognized by the Asia and Global team as best practice, and the Global Team is now preparing to replicate this across regions. I think the key concepts learned from Business Strategy, Marketing Strategy, and Developing Innovation courses were extremely useful. We got to choose focal companies and applied various frameworks ourselves. The Applied Business Project was the highlight: I teamed up with colleagues to do market research, define customer jobs to be done, develop a business model, and set up and validate hypotheses. I also practiced leadership, problem approach, risk management, analytical frameworks, and communication skills, which I believe are great assets for business management. I work closely with various teams from the US headquarters at my work, and my development and growth through this program has helped me to be confident in presenting important perspectives, managing the white spaces among the teams, and systematically utilizing various techniques for problem solving. Q) What was the biggest challenge you encountered on the MBA course? A) The Indiana Kelley–SKK GSB Executive MBA program is broad and practical, and it also has depth, so students have to do a lot of reading and study. However, working with classmates and helping each other have been of great help. There were a lot of passionate students taking this course. When there was a change of schedule due to the pandemic, the students invited special lecturers, and we could continue learning despite the disruption. Since everyone actively stepped up to share and help in their area of expertise, we could engage in discussions more thoroughly in classes, and eventually reach the milestones together. Q)Please give a word of advice to prospective applicants who are considering an MBA. A) An MBA will require you to invest a lot of time and money, so I implore you to make your decision after careful consideration. Whichever MBA program you complete, the certificate you gain when you graduate is not in itself special. What is special is less tangible. Through the program, you can access a network of experts from various fields, gain broad and fresh perspectives, and master analysis frameworks and tools. Most of all, the effectiveness varies greatly depending on how much passion you put into the course. Take a careful look at the curriculum, and listen to those who have completed that program. If you decide that those are the skills and the network you need, please make the bold decision to start your MBA journey. Original Article in Korean: https://www.hankyung.com/society/article/2021041364521
Q) Could you tell us about yourself briefly? A) I am Jin Won Song, the CEO of Trust One Consulting Group. I graduated from the SKK GSB Professional MBA Program at Sungkyunkwan University in 2020. I worked as a global human resources (HR) manager at a large company while I was studying for my MBA. I am currently the CEO of a career consulting group, offering 1:1 career consulting, labor law consulting, and talent recommendation services.. Q) What are the reasons behind choosing to do the MBA, and why did you choose SKK GSB in particular? A) Before I began the MBA program, as an HR Manager with five years’ experience, I contemplated whether I wanted a stable working life or the new challenge of starting my own business. I enrolled on the MBA course to identify how I would self-brand 'me' and my core abilities, and to acquire the expert knowledge required to operate my own business. From the various MBA programs that I could undertake as I continued my work, there were three reasons why why I chose SKK GSB: its differentiated brand power, carefully selected human networks, and global insights. First of all, SKK GSB has tangible brand power. SKK GSB has been ranked number one in Korea in the UK Financial Times (FT) MBA rankings every year, and it has shown unrivaled results in terms of employment rate, value for money, etc. Sungkyunkwan University boasts the highest employment rate in Korea, and I saw on LinkedIn how the alumni of SKK GSB are actively engaged in important positions. I paid close attention to such aspects since I was working as an HR manager. The second reason was its carefully selected human networks. SKK GSB classes are 100% in English, so they provide a rather challenging learning environment. I imagined that students who enroll on such a program would be seeking a challenge, would be equipped with a global mindset and outstanding linguistic abilities, and would have a strict sense of self-discipline. I witnessed many students being recognized for their outstanding achievements, and many worked overseas, so I wanted to acquire a solid network by interacting and creating synergy with such energetic people. In the end, I even ended up starting a business with the people I met on the MBA program. SKK GSB therefore served as a turning point in my life and career. Lastly, I thought that I could gain global insights. At SKK GSB, students can actively engage in discussions with foreign lecturers (who make up 70% of the faculty), foreign expats in Korea, and key personnel from multinational companies. The students can learn about global management trends, and acquire insights from such an environment. Being able to apply various global case studies I studied in class to actual work was an added bonus. This was all very beneficial to me as I was considering expanding my business overseas. Q) Please share how what you have learned during your MBA course has contributed towards your actual work or career. A) What I learned on the MBA program is twofold: in personal terms it helps me to define my self-branding, and in business terms it helps me to perform soundly. I learned in depth about creative problem-solving skills through the discussions I had with colleagues from various backgrounds. While I was working in the corporate HR team, applying what I’d learned on the MBA program, I identified the characteristics of other departments' business, and learned about labor laws overseas jurisdictions where we operate. I could then apply this to make numerous HR management plans. As a result, I received a positive review and was recognized as key personnel, so I then became involved in more important HR tasks. After starting my own business, as I offer HR management consultation and talent recommendation services, what I learned from the MBA program has been of great help in accurately analyzing and grasping the essence of various issues encountered in a real-life management environment. In this regard, I believe that the MBA course will continue to be of great help for my personal branding in the future as well. Q) What was the biggest challenge you encountered while completing the MBA course? A) While time managemt was a challenge, since I had to work and study simultaneously, I could overcome this because it was a choice I made myself. That is why I see self-motivation and strong will as important factors when choosing to undertake an MBA program. Although it was physically tiring to prepare for classes and complete assignments on weekends, I was able to finish my two years of studies thanks to the consideration of my family, coworkers and friends. I also found consistent exercise helpful. I could thus develop into a more mature person by overcoming such challenging times. Q) Please give a word of advice to prospective applicants who are considering an MBA. A) Finding the 'one best way' by defining one's core abilities and values is becoming increasingly important in managing one's individual career management these days. I believe that an MBA program is the best training place to explore one's career in all directions because it is individuals who choose how to manage their careers these days, not companies. The management environment is changing even faster in the COVID-19 pandemic. The ability to identify hidden needs in markets, and to turn these into results purely based on one's ability and insight will be seen as more valuable than ever both within and outside organizations. By promoting simultaneous cultivation of soft and hard skills, I trust that an MBA program will allow individuals to define their self-branding and to yield solid results inside and outside businesses. Jin wong Song (PMBA 2020, Trustone Consulting , firstname.lastname@example.org) Original Article in Korean: https://www.mk.co.kr/news/special-edition/view/2021/04/406905/