Alumni's Entrepreneurial Spirit Shines at Annual Work Conference in Nanjing
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alumni chapter sharing 30 Alumni’s Entrepreneurial Spirit Shines at Annual Work Conference in Nanjing “B By Lei Na esides global rankings organisations. and research output, The CEIBS Alumni Chapter alumni accomplishments Nanjing helped organise the main are integral to a business school’s conference and related events held success,” said CEIBS President Professor over the three days. Many of these Li Mingjun. He was giving the welcome address at the Third CEIBS Alumni Association Council Preparation Meeting held in Nanjing on April 14. The meeting was just one in a series of events that made up the CEIBS Alumni activities provided participants with opportunities for continued learning, a key component at most of the school’s alumni gatherings. In fact CEIBS alumni have made a significant contribution to the school’s efforts at knowledge creation, as noted by President Li in his address. For Association Working Conference 2017 that brought 180 alumni and school leaders to the Yangtze River Delta city from April 13 to 16. They gathered to recognise alumni’s contributions to the school’s development and explore new ways to strengthen the synergy between the school and its various alumni theLINK Volume 2, 2017
alumni chapter sharing 31 example over half the case studies 15, President Li, who is also CEIBS that the school has contributed to Alumni Association President, spoke the Global Platform of China Cases about how China has become a leading have been based on the management voice in globalisation, and the new practices of CEIBS alumni companies. challenges and opportunities this poses for business schools and their alumni. He also highlighted CEIBS’ many Global Footprint development milestones in 2016 and Over the years, the school has said the school is looking, in its new worked closely with its graduates Five-Year Plan, for ways to heighten and one core element of CEIBS’ the role its alumni play. President Li strategy is to provide support added that he believed the conference for alumni companies as they go would help build consensus and create global. As he officially opened a community in which the school and CEIBS Alumni Association Annual its alumni share a sense of purpose Working Conference 2017 on April towards future development. CEIBS alumni are already making a difference across the globe as well as in China. In his keynote address at the Conference, the Vice Mayor of Nanjing Mr Huang Lan spoke about his appreciation for the talents of CEIBS alumni, saying he hopes there will be more opportunities for exchange and cooperation between alumni and the city. Nanjing’s GDP exceeded RMB1 trillion in 2016, ranking it at 11th in the country, he noted, as it works towards theLINK Volume 2, 2017
alumni chapter sharing 32 “As the new council begins, the work of CEIBS alumni enters a new phase where we all play a more prominent role, and the school provides stability, supervision and support.” - President of the Third Alumni Association Council, Tian Ming theLINK Volume 2, 2017
alumni chapter sharing 33 CEIBS Alumni Association & Council Milestones The CEIBS Alumni Association was founded on May 8, 1995. By 1997 the number of alumni had grown to 335. During the annual meeting in June 1997, 47 alumni were elected to the first Alumni Council and the Articles of the CEIBS Alumni Association were discussed and passed. The Second Alumni Association Council began in 2009 with 85 honorary members and 163 members. The Articles of the CEIBS Alumni Association were revised so that council members would serve a five-year term. The CEIBS Alumni Working Committee was launched in early 2017 with the approval of the school’s Management Committee and a vote by a majority of the members of the Second Alumni Association Standing Council. The Committee’s first president is CEIBS alumnus Tian Ming. The school then decided to expand the 30-person Alumni Working Committee by adding an additional 20 members, and forming the Third Alumni Association Council. The names of the council members are listed below. They are entrepreneurs and mid-to- top-level managers who are willing to make contributions to the school, and they come from various regions, industries, programmes and backgrounds. Members of the Alumni Association aim to better serve the alumni community, give back to their alma mater, and contribute to society while providing a platform for alumni to collaborate with each other and the school. meeting its targeted contributions to who noted that it was because of China’s 13th Five-Year Plan. alumni support that the school was CEIBS Assistant President and able to establish its European base Management Committee Member in Zurich. He also spoke about the Dr Snow Zhou told the gathering series of alumni study tours the school that finding ways to further tap the held in Europe to explore topics such potential of the school’s alumni, to keep as Industry 4.0, brand building, and pace with today’s rapid globalisation, healthcare innovation. will be the challenge for the future. He noted that the world’s best business Local Impact schools all utilise a five-link theory: faculty, students, alumni, resources and In addition to their global footprint branding. CEIBS’ alumni network – and noticeable presence in Nanjing, with more than 19,000 alumni from 85 CEIBS alumni have also made a huge counties and regions – and its strong impact in other cities across China – alumni organisations already has a and to the school. Deputy Director of solid foundation, he said. the CEIBS Alumni Relations Office Ms The topic of globalisation was also Tanya Fu spoke about the contributions touched on by CEIBS Vice President that Alumni Association members had and Co-Dean Prof Zhang Weijiong made to the CEIBS community in 2016. theLINK Volume 2, 2017
alumni chapter sharing 34 Cai, Mingpo, EMBA 04 SH3, CEO 09 Ren, Yuxin, EMBA 06 BJ3 Third CEIBS Cao, Jie, EMBA 07 SH2, CEO 10 Tang, Qiqing, EMBA 96 SH2 Alumni Chen, Nan, EMBA 05 SH6 Tian, Ping, EMBA 05 BJ3 Association Chen, Zhihai, EMBA 98 SH2 Chi, Hong, EMBA 97 SH1 Wang, Hongjie, EMBA 06 BJ2 Wang, Lei, EMBA 01 SH1 Council Du, Haibo, EMBA 03 BJ2 Wang, Xu’ning, EMBA 01 BJ2 Members Guo, Guangchang, CEO 06 Wei, Feiyan, EMBA 04 SH5 He, Fulong, EMBA 07 SH6 Wei, Jie, EMBA 10 BJ3 (in alphabetical He, Caihong, EMBA 04 BJ3 Wu, Jian’gang, EMBA 08 SH7 Hu, Baosen, CEO 04 Wu, Zhuping, EMBA 99 SH3 order by last Hu, Jianbo, EMBA 05 BJ3 Xia, Guoxin, EMBA05SZ2 name) Huang, Fanzhi, MBA 03 Xie, Ming, EMBA 00 SH2 Jian, Peijian, MBA 08 Xiong, Fan, EMBA 03 BJ2 Jiao, Sheng, EMBA 08 SH6 Xu, Bo, AMP 9 2009 Lang, Wangkai, CEMI 6 Xue, Lei, AMP 18 Li, Gang, CEO 14 Yao, Weiguo, EMBA 10 SH2,CELC 13,LCP 12 Li, Guang, EMBA 13 BJ1 Yu, Rong, EMBA 06 SH3 Li, Haixiang, EMBA 05 BJ3 Zhang, Feng, EMBA 99 BJ2 Li, Wen, EMBA 10 SH2 Zhang, Haixia, CEO 09 Lin, Daxu, CEO 06 Zhang, Hong, EMBA 01 BJ3 Muffler, Johannes, MBA 08 Zhang, Qiming, EMBA 07 SH2 Nadipineni, Vijay Kumar, MBA 12 Zhao, Xuejun, CEO 06 Ou, Shufang, EMBA 12 SH2 Zhou, Haibin, EMBA 12 BJ3 Pan, Gang, EMBA 02 BJ2 Zhu, Mingyue, EMBA 13 BJ1 Pan, Longquan, CEO 08 These include: Report on CEIBS Alumni’s Influence, association… Our role is to serve, not • more than 70 alumni sharing their organise visits to impressive alumni seek personal gain, just as we promised management practices by speaking companies, and set up a systematic in the oath we took.” at the school’s forums; work exchange mechanism for alumni The rebuilding work began after • about 1,500 alumni writing chapter secretaries general. the Inauguration Ceremony with recommendation letters in support The three days of events also alumni gathering in smaller groups of programme applicants; included an Inauguration Ceremony to generate ideas for the school and • more than 150 alumni joining the w here memb ers of CEIBS T hird the alumni association. Their selfless MBA Mentoring Programme as Alumni Association Council received dedication has not gone unnoticed. mentors; certificates of appointment from “There will be many difficulties and • more than 30 alumni participating President Li, and Council President challenges ahead, but everyone should in the research and development of Tian Ming led the members in taking stick to the CEIBS spirit, unleash their case studies by CEIBS faculty. the oath of office. “CEIBS has taught entrepreneurial spirit, focus on the big Ms Fu added that, in the year me about entrepreneurial spirit,” picture, collaborate with each other, ahead, the CEIBS Alumni Association said Mr Tian in his address during and usher in a new age of alumni plans to continue to optimise the the ceremony. “Therefore, the CEIBS work,” said President Li as he officially alumni information system, and Alumni Association will be pragmatic closed the meeting. improve services for alumni who live and strategic. We will be guided by and work abroad. It will also prepare a entrepreneurial spirit as we rebuild our theLINK Volume 2, 2017
CEIBS in 5 36 CEIBS Around the World Highlights from our 5 locations AI CA GH MP SHAN US 上海 TEDxCEIBS 2017: RE(DE)FINE The 5th Annual TEDxCEIBS committee – Candice Hou, CEO of ELLE China magazine, event was held at the Shanghai Charlotte Li, Allen Liu, and Fei Deng (EMBA 2013), Campus on April 14. Organised Caroline Zhu, Ernesto Chief, Editorial Board Member of by CEIBS MBA students, this Jeremy Zhang, Summer Xia, Phoenix Weekly magazine and year’s TEDxCEIBS brought Chris Pang, Celine Feng and founder of the Free Lunch together eight dynamic thought Clinton Wong – worked for for Children Programme, as leaders who shared their ideas, several months to deliver this well as Visiting Professor of insights and inspirations on memorable addition to the Sustainability at CEIBS Richard what “RE(DE)FINE” means prestigious TEDxCEIBS event Brubaker, who is Founder & to them. The members of the series. Speakers included CEIBS Managing Director of Collective 2017 TEDxCEIBS organising alumni Xiao Xue (EMBA 2011), Responsibility. theLINK Volume 2, 2017
CEIBS in 5 37 G CAM IN BEIJ PU S Prof Wang Gao 北京 New Milestones for CEIBS AMP Programme The newest Beijing cohort of the CEIBS class; their study journey began March Professor of Management and Co- Advanced Management Programme 22 with an Opening Ceremony at Director of the Centre on China (AMP) is its most diverse yet, with the the Beijing Campus. CEIBS Assistant Innovation at CEIBS Han Jian as highest-ever ratio of female participants President and Chief Representative well as Director of CEIBS Executive and the most varied industry of the Beijing Campus Ma Yusheng, Education Programme in Beijing Li background. With 70 participants, it CEIBS Professor of Marketing and Jianqing attended the ceremony. is also the Programme’s largest Beijing Associate Dean Wang Gao, Associate TEACHIN ENZHEN G C RE ENT SH 深圳 CEIBS Management Forum Held in Shenzhen CEIBS Professor of Economics and Finance Xu Xiaonian gave a speech titled “From Capital Accumulation to Technological I n n o v a t i o n” a t t h e C E I B S Management Forum in Shenzhen on March 2. More than a thousand Shenzhen entrepreneurs and CEIBS alumni attended. theLINK Volume 2, 2017
CEIBS in 5 38 H CAM IC ZUR PU S 苏黎世 The Zurich Campus Team The sight of swans gliding along the waters of the pristine Lake Zurich isn’t a bad way to start, or end, the day. It’s a postcard-perfect view that staff at our Zurich Campus can enjoy – as long as they can find the time. They rarely can. Last year the 10-member team ran 35 Executive Education courses, welcomed the first module of the revamped CEIBS Global EMBA, and hosted 12 study tours. The number of activities, events and course participants are expected Philipp Boksberger, CEO/ to be even higher this year. This January there was a major step forward in President integrating the Zurich Campus into CEIBS’ wider operations, with the name changed to Zurich Institute of Business Education, the use of the CEIBS email “I was originally hired by Peter Lorange domain and a rebranded website. In this story we introduce four team members in November 2011 to be COO of the who explain the roles they play in the successful operation of the CEIBS Zurich Lorange Institute of Business Zurich Campus. (LIBZ), responsible for business development. I became CEO/President theLINK Volume 2, 2017
CEIBS in 5 39 of LIBZ in 2013, a role that I remained in me. It was a sunny day, Lake Zurich was in maintaining a very flat organisational after CEIBS’ acquisition of what is now its mirrored in our huge windows, and there structure and in his staff managing Zurich Campus. it was – CEIBS’ visible presence in Europe. programmes vertically. By that I mean from top to bottom, start to finish. As a In leading our high-performance team I This summer we will do the second-round result, I have organisational responsibility continuously try to increase the efficiency refurbishing of the campus in order to for all aspects of the programmes, from and effectiveness of our operations, to update the additional classrooms and the induction to graduation – both front and create new offers (based on market needs lobby. After putting in new auditoriums back office. I appreciate this as it means and overall trends) and to develop new and a new IT system (including my job is very varied. The key advantage revenue streams. simultaneous translation equipment) is that I have the pleasure of seeing our we’ve invested in multifunctional students go through their entire learning I believe the Zurich Campus is crucial to classrooms and created new workspace journey. In any one day, I may be reviewing supporting CEIBS’ ‘Global Breath’ as it for our admin team in the lobby area, applications, managing the budget, serves as a very effective bridge between adding to our overall concept of working liaising with faculty, processing grades, or China and Europe. CEIBS’ operations in in an open space as it encourages close organising a graduation ceremony. You the heart of Europe will facilitate dialogue interaction with our clients.” may even see me vacuuming or clearing and foster business between the two away used cups! continents. Having additional operations in Africa gives us a unique selling Many of my responsibilities are still very proposition when we approach European similar to my original role as EMBA/EMSc businesses as we are able to offer access Programme Manager, but there is now the to two of the most dynamic and fastest added diversity of working internationally growing markets in the world. with my counterparts in China and Ghana. Another difference is that unlike the dual I’m very proud of our highly motivated, degree students, who mostly come from entrepreneurial and multicultural team. Europe and do almost all their modules They believe, as I do, in the future of here in Zurich, the GEMBA cohort consists the CEIBS Zurich Campus. But we of three distinct groups of students from have always had a lean organisational Europe, China and Africa, and they have to structure so, given the accelerated growth attend core modules on each of these three in business (thanks mainly to activities Kirsty Warwick, GEMBA continents. This offers students an extra initiated from CEIBS’ other locations) I Zurich Programme dimension to their learning, and the most am a bit concerned that the team’s work- Director amazing opportunity to not only learn life balance is suffering. However we do from CEIBS’ exceptional faculty, but also our best, and try to focus on the positives. to gain invaluable knowledge of these three For example, after a year-long transition, “I was hired in 2013 as LIBZ’s Dual quite different cultures by interacting, and we rebranded the CEIBS Zurich Campus Degree EMBA/EMSc Programme by sharing knowledge and best practices this January. The moment when the Manager. I’m still in that role but now I’m with each other. What more could you CEIBS logo was revealed on the entrance also Programme Director for GEMBA ask for from a Global Executive MBA of the campus was a very proud one for Zurich as well. Philipp, our CEO, believes programme! theLINK Volume 2, 2017
CEIBS in 5 40 If financial resources were not an issue, I doing things and getting our policies and vendors. I basically do everything I can so would personally like to see a big branding practices in place, the continued support that each tour runs smoothly. campaign to really launch the CEIBS and guidance from the extended CEIBS name across Europe. CEIBS is a great family would be much appreciated.” The Zurich campus is a bit like a start- brand and our international rankings up, which I like because I’m flexible, support this, but despite being a highly- open-minded and able to work without recognised name in Asia, we are just not much guidance. Being able to speak that well known in Europe yet. At the Chinese and several European languages end of the day, people like familiarity. gives me an edge in this role. So does The more our name becomes known my past experience working in a variety and our reputation grows, the easier it of industries as this makes it easier to will be for us to promote the GEMBA understand what our clients need from programme. In the meantime, I get our programmes. If I had unlimited such pleasure from knowing that what resources – both financial and human – I we do matters. I was really moved by would spend a substantial amount of time the impact the first module had on our developing more cutting edge content and students. The Leadership Stream, run cultivating partners for our programme. by Professor Jack Wood, offered the best Li Ding-Serra, CEIBS possible start to the programme. The European Study Tour But of course time is also a factor – there students clearly felt enlightened by the Director never seem to be enough hours in the whole experience, from start to finish. I day. This is especially true when you’re heard them making comments like, ‘this “I was hired in 2016 to manage the then- working across time zones. A clear goal, has been life-changing!’ and ‘it’s blown my newly-launched European Study Tour a well-aligned motivation system and mind!’ You really can’t ask for anything Programme. One thing I really like about good communication are the keys for more than that. From my perspective, it my job is that there are no ‘typical’ days; any global entity to achieve its potential. was wonderful to see such a dynamic and but I’m generally on the phone and I run In working with CEIBS’ other locations, diverse group of professional individuals around a lot. it seems that the limiting factor is usually come together for a week and form a tight the amount of time the key players have cohort, pumped up and ready to take on One aspect of my job is about building to communicate. But overall I’ve had a any challenge together! relationships with companies and wonderful experience working with CEIBS experts from various fields as we create staff from China; they’re very competent For those who haven’t yet visited us in unforgettable Study Tours and work with and efficient. I would say that the best Zurich I think it’s perhaps hard to imagine companies that will be great examples of part of my job, though, is being able to just how small we are compared to CEIBS Real Situation Learning. I work closely work with all my colleagues here at CEIBS Shanghai. There are only 10 of us in the with our CEO Philipp Boksberger, Zurich Campus. We help and support team, of which only half work full-time. my colleague Lili Zhao and the CEIBS each other in every way we can. I’m often And that’s for the entire campus. But even professors on the tours. I do everything working away from the office so it’s always though we might be small, we achieve from designing course outlines and a pleasure to see them every time I’m back a lot! So while we here at the Zurich schedules, to coordinating logistical details on campus.” Campus are still learning the CEIBS way of with each class coordinator and our theLINK Volume 2, 2017
CEIBS in 5 41 my own Executive MBA three years potential students and/or alumni for ago, I’ve worked in leadership roles in all our programmes. I like to take any global multinationals and high-end opportunity to talk about the great corporate luxury brands. So I have a variety of programmes our Zurich keen understanding of what corporate Campus is offering – and of course our executives demand from business MBA programme in Shanghai. education (both at the corporate and individual level). Here in Zurich we are a multinational team and everyone has great skills which My most important task each day makes us as a very strong team. And we is to meet the needs of our various can count on each other; that is a great stakeholders. I’m constantly aware gift. I’ve also been working very closely Katharina Kirchhoff, that we’re branding ourselves and our with my Shanghai-based colleagues Head of Sales and Campus in Zurich at every touch point from the MBA department. I had the Marketing and with every activity we do – internally opportunity to travel with a few of them as well as externally. to Germany and within Switzerland. I “I joined CEIBS Zurich Campus in 2016 had the chance to see and experience the as Head of Sales and Marketing, a role There are many global EMBA CEIBS spirit during fairs, company visits, that’s constantly evolving. That’s what programmes being offered on the coffee chats and one-to-one talks. I’m I like most about my job with CEIBS market. We must be able to differentiate looking forward to making even more Zurich: being part of its growth and our programme from the others, and wonderful memories with CEIBS.” development, seeing all the changes this requires the ability to tell truly great taking place, establishing procedures and stories about every aspect of the CEIBS Philipp Boksberger, CEO/ structures within my team, and finding experience. President new ways to meet our goals. Yvonne Bello, Head of Operations I would love to see us do a branding Kirsty Warwick, GEMBA With customers, I prefer to explain campaign in Western Europe to increase Zurich Programme Director my role as Head of Client Relations, awareness of CEIBS outside of China. Li Ding-Serra, CEIBS Sales & Marketing. We’re offering top That would be fantastic as it would help European Study Tour Director programmes and we have one of the best us strike the right balance between a ‘push’ Lili Zhao, Programme Global Executive MBA programmes on and ‘pull’ sales strategy. I truly believe Director Carol Fuzzard, Corporate the market. We provide programmes that CEIBS is special and the best way Programmes Director that can alter the course of an executive’s to communicate this to potential clients Katharina Kirchhoff, Head of life or career; this is so much more than is on an emotional level. It’s about how Sales and Marketing just ‘selling’ a product. From their very we tell our story, and the quality of our Andreas Rogalas, Senior first contact with us, our customers programmes. Client Relations Manager should experience the luxuriousness of Lazar Tosic, Client Relations Manager our products, and there should always I regularly join at least one networking Patricia Bähr, Senior be an atmosphere that makes them feel event off campus per week in order Event Manager and Alumni at home. In addition to completing to get in contact with companies, Relations theLINK Volume 2, 2017
CEIBS in 5 42 CAM RA PU ACC S 阿克拉 From left: Alumni and Corporate Relations Manager Samuel Ocloo-Dzaba, with Marketing Executives Abena Korantemaa Botchway and Elikplim Quaicoe, welcoming CEIBS Teddy to Accra. The Accra Team Don’t be fooled by the comparatively modest size of the CEIBS Accra Campus. There’s a lot going on at this base for the school’s operations in Africa. This year participants from across the continent who have enrolled in the CEIBS Global EMBA programme are learning alongside peers from – and in – Europe and Asia. One hundred and 求fifty-eight women with a strong interest in running their own business have already completed the Women Entrepreneurship and Leadership for Africa (WELA) programme and more will benefit from courses being offered in Accra, Lagos and Johannesburg this November. Last year CEIBS Accra Campus offered four fully-funded Executive Education Open Programmes as part of its corporate social responsibility initiatives in the region and 210 leaders from the private and public sectors have been trained so far this year through various executive education courses. CEIBS’ foray into Africa dates back to 2008 and some of the existing staff have been with the school from the very beginning. Others have since joined the 13-member team being led by Executive Director Mathew Tsamenyi, who is also Professor of Management Practice in Accounting. In this issue we introduce you to Celestine and Kenneth who have been with CEIBS in Africa from the very beginning, along with Samuel and Thelma who joined the team within the last two years. theLINK Volume 2, 2017
CEIBS in 5 43 for the Accra Campus. Unlike my former role, which mostly had me sitting at my desk, I now spend most of my time outside the office meeting new people and sharing the CEIBS story. I’m determined to engage our alumni even more and ensure that their interactions w ith CEIBS prov ide them with such great added value that they naturally want to become Samuel Ocloo-Dzaba, active members of the CEIBS family. Thelma Opara, Head Alumni and Corporate I’m convinced that if our alumni feel Business Development, Relations Manager valued and appreciated, they will not Sales & Marketing, hesitate to provide the leads, referrals Africa; Country “I initially joined CEIBS as an and even resources that the school Manager, Nigeria Admissions Coordinator for the CEIBS needs for future growth. Africa Global EMBA and Executive “ I n my f o r m e r ro l e a s C o u n t r y Education programmes. That meant I’m excited to be a part of the CEIBS Manager for Nigeria, I was focused on manag ing the entire admissions community. I had my first visit to the growing the CEIBS brand, recruiting process from the initial enquir y Shanghai Campus in April and look students, organising and running through to enrolment. I also worked forward to working even more closely programmes w ithin that specific with the marketing team to raise with the teams in China and Europe. country. I effectively managed all awareness of these programmes among I believe there are ways in which we CEIBS-related affairs in Nigeria, from key internal and external interest can leverage our resources and efforts running the office to interfacing with groups by organising on-campus as we work towards our shared goals. the alumni chapter. recruitment events and representing For example, CEIBS staff around the CEIBS off-campus. And I supported globe could support social intervention In my current position as Head of the marketing team in the development projects on the African continent which Business Development, Sales and and implementation of marketing and would generate wide publicity and Marketing for all of Africa, in addition student recruitment strategies. visibility for the school. We could also to my responsibilities for Nigeria, I am explore developing an annual event also responsible for developing new Now, as the Alumni and Corporate which would bring Chinese business businesses across Africa and recruiting Re l a t i o n s Ma n a g e r, I ’m t h e executives and investors to Africa students from across the continent. intermediary between our alumni where they could interact with CEIBS and the scho ol. I build genuine alumni and other local businesses. This My strong knowledge and relationships with corporate clients could potentially create opportunities understanding of the Nigerian and I’m also largely responsible for all for the development of home grown market, in particular, and the African marketing and communications efforts businesses in Africa.” market in general, their cultures theLINK Volume 2, 2017
CEIBS in 5 44 and the psychology of their people and approach to work; so too would “I was originally hired as Assistant have given me a great advantage in opportunities for ‘shadowing’ peers on Librarian and Class Coordinator but in doing my job. More importantly, six the job. And of course more financial my current role – though I still do a bit years of experience working in the support for brand promotion activities of work managing the Accra Campus foremost business school in Nigeria, would make things so much easier. Library – my responsibilities have LBS, at different executive levels in increasingly been related to ensuring both the Alumni department and Despite the challenges I enjoy working that courses and academic programmes the Sales and Marketing department at CEIBS. So far my best memory of my are successfully delivered in line with gave me adequate exposure and in- time with the school is the graduation CEIBS’ high standards. depth knowledge of the management ceremony which took place in Accra education sector in Nigeria – and Africa in January 2017. That was when the As Senior Class Coordinator I work on as a whole. In addition, my ability to very first set of Nigerian WELA ladies class management and coordination of learn and make decisions quickly has I recruited (38 women of substance, every programme organised by CEIBS also been a great resource in effectively the highest number ever recorded in in Africa. Meanwhile, as Academic carrying out my duties. the school's history) and the first set of Administrator I manage students’ EMBAs I recruited graduated. Watching records and the blackboard learning CEIBS still has a long way to go to each of them mount the podium to platfor m and libr ar y op er ations build a strong brand in Africa. If receive his/her certificate filled my o f C E I B S Ac c r a C a m p u s . I a l s o resources were not an issue, I would heart with a sense of accomplishment help prepare accurate data on our make fre quent business t r ips to and joy. I couldn't help recalling their programmes and academics, which is more African countries, participate individual journeys and marvelling used for accreditation purposes etc., in business events across the region, at the transformations that had taken as well as prepare academic certificates which would g ive CEIBS g reater place during the programmes.” and transcripts as needed. visibility as well as strengthen its brand recognition in Africa. I would also I have the distinction of being the only organise more experiential marketing member of the CEIBS Accra Campus events like the AVIC programme, to team who has played a key role in the attract clientele who are more suited to administrative side of the EMBA and CEIBS’ target market. My job would Executive Education programmes be less challenging if there was a better offered since CEIBS’ inception in understanding of the peculiarities of Africa. Over the years I have been the African continent, particularly fortunate enough to gain a wealth of its diversity, and adjustments were experience which helps me work with made – especially to the Global EMBA people from different backgrounds admission process – to accommodate (culture, mind-set, work experience). these unique features. I also think that deeper integration of activities Kenneth Assan, Senior My best memory of CEIBS so far is across CEIBS’ various locations would Class Coordinator and advice I got from Professor Kwaku go a long way towards us having a Academic Administrator Atuahene-Gima in May 2009. It was the more holistic and integrated view second day of the first CEIBS EMBA theLINK Volume 2, 2017
CEIBS in 5 45 module in Accra. He said, ‘Ken I know role and I’m also accountable for the hard work. You are an asset to CEIBS.’ you work hard but if you want to work outcome of these decisions. I promote Today, those words of encouragement with CEIBS then you better be smart!’ the unique CEIBS brand through the are still my source of strength and His words have had a profound impact delivery of the GEMBA, WELA and my motivation to give my very best on my career at CEIBS.” Executive Education programmes to CEIBS from the school’s Accra along with events such as seminars, Campus!” graduations and study trips abroad. I’m the only CEIBS Accra Campus Accra Campus Staff employee who has worked in almost Mathew Tsamenyi – Executive all the depar t ments (Mar keting , Director A d m i s s i o n s , Ac a d e m i c A f f a i r s , Samuel Ocloo-Dzaba – C o r p o r a t e S e r v i ce s , Eve n t s a n d Alumni and Corporate Programmes) in Africa. I’ve learned Relations Manager a lot but I think I still have a lot to Thelma Opara – Country Manager, Nigeria; Head learn about what goes on at our other Business Development, Sales campuses. I think it’s important to & Marketing, Africa integrate with our colleagues from Celestine Kumahor – Celestine Kumahor, China and Switzerland, to learn from Programmes Delivery and Events Manager Programmes Delivery them on the job and to get a better Mavis Akrofi – Finance and and Events Manager understanding of our various cultures. Administration Manager Chigozirim Chukuemeka – “I was originally hired as a Marketing I’ve had a long journey with CEIBS, Marketing and Administrative Executive in 2008 but have been and there have b e en some g reat Executive, Nigeria subsequently promoted to various experiences along the way. But my Kenneth Assan – Senior Class Coordinator and Academic positions. Now as the Programmes best memories are from the first two Administrator D e l ive r y & Eve n t s Ma n a g e r, my years (2008 to 2010). There were only Winfred Nyarko – Finance primar y role is to liaise with the five of us, and I was the only person Officer Executive Director in the planning and doing marketing – though I didn’t Fafali Opoku – Class successful execution of all programmes have a marketing background. We had Coordinator to meet international standards. very limited resources but our passion Benjamin Diabah – Research Associate I’m responsible for all CEIBS Accra helped us meet our target of recruiting Abena Korantema Botchway programmes delivered both locally and 42 students for the first EMBA class in – Marketing Executive internationally. Accra. I will never forget what my then Elikplim Quaicoe – Marketing boss, Prof Kwaku Atuahene Gima, said Executive The difference between this and the to me. He said, ‘Employing you is the Lawrencia Ofori – Human Resource and Administrative other responsibilities I’ve had over the best thing to have happened to CEIBS Assistant years at CEIBS is that now I manage a Africa.’ Then three months later CEIBS Diana Nani – Programmes team of four, I’m allowed to make 60% President Prof Pedro Nueno said to me, Coordinator to 85% of all decisions regarding my ‘Thank you for your dedication and theLINK Volume 2, 2017
CEIBS in 5 46 CEIBS Alumni Nigeria Chapter Grows The CEIBS Alumni Nigeria Chapter added 58 new members at a ceremony held on March 18 at the Ovation Hall in Lagos’ Victoria Islands neighbourhood. A delegation from the CEIBS Alumni Chapter Ghana and a representative of CEIBS Africa alumni in French-speaking countries were among the more than 100 business executives who attended the event. Executive Director of CEIBS Accra Campus Professor Mathew Tsamenyi also attended. In his welcome address, Adebayo Sunday Agboola, Acting President of the CEIBS Nigeria Alumni Chapter and Group Head, Private Sector, eTranzact International PLC said he was optimistic that the chapter has a special role to play in not just boosting the CEIBS brand but also in transforming Nigeria’s economy. He urged members to actively participate in the organisation as a way of expanding the group’s influence in key discussions affecting the country’s development, and driving Asia-Africa relations. With its newest batch of inductees, the Alumni Association’s Nigeria Chapter now has 171 members. The event was also an opportunity to honour the late President of the Chapter, Adewale Talabi, who passed away last September. CEIBS Alumni Ghana and Nigeria Chapters, including five of his EMBA 2009 Nigeria classmates donated NGN3 million to his widow, Adebimpe Talabi. theLINK Volume 2, 2017
Iconic view from Mr & Mrs Bund Can you still afford to ignore Asia? Observing from afar, is nothing like living it up close. Business has moved East, and so should your MBA. Come experience an FT Top-20 MBA in the world’s most dynamic city. www.ceibs.edu/mba For more info write jsteven@ceibs.edu
Feature 48 Prof Chen Shimin’s CEIBS MBA Journey By Lei Na D espite his many years working as CEIBS MBA year, another one of his papers was accepted for publication Programme Director, Prof Chen Shimin sticks by a highly-regarded Australian journal. And he co-authored to his scholarly habits. His office door is always a paper, published by the American Accounting Association, closed, though he has assured his colleagues that which won the 2017 Journal of Management Accounting they may knock and come in whenever the light is on. Prof Research (JMAR) Best Paper Award. Chen believes in the importance of democracy and efficiency in Like most scholars, Prof Chen’s office is packed with running the MBA Department; so he listens to all suggestions material from the world of academia. Stacks of books and before making decisions and regularly communicates with documents cover his desk, allowing him to readily switch students to better understand them and their needs. Although between administrative and research work. There are a administrative work takes up a lot of his energy, Prof Chen is few paintings on the wall. One was a gift from an EMBA still unwaveringly dedicated to teaching and research. Last year, participant, and another – a landscape of horses on the prairie he published a paper in one of the 50 journals used by Financial – was a gift from a colleague. The paintings add colour to the Times to compile business school research rankings. This room and reflect Prof Chen’s easy-going and warm personality. theLINK Volume 2, 2017
Feature 49 He has been a university professor in 2001 when he met Prof Ding Yuan – community. “It seemed a little risky at for most of his life, and he has obviously who was then working in France – at an the time,” he said with a smile, “but I love enjoyed this academic journey over academic conference. At the time Prof challenges.” That may be because he is no the years. In 1978, he began studying Chen was teaching in both Hong Kong stranger to overcoming hurdles. accounting at the Shanghai University and America. In 2004, Prof Ding began B o r n i n S h a n g h a i , Pro f e s s o r of Finance and Economics and stayed working at CEIBS and, while he was on Chen worked as a farmer in Fengxian on to teach after obtaining his master’s a business trip to Hong Kong, the two District in his youth. He was among degree. Eight years later, he left China professors ran into each other again. Prof the second batch of students to attend to get his doctorate at the University of Ding invited Prof Chen to join CEIBS. university following China’s restoration Georgia in the US. Then he taught at “Ding Yuan was not Dean at the time, of college entrance examinations after Clarion University of Pennsylvania and but he played an active role in recruiting the Cultural Revolution. After years of the University of Louisiana at Lafayette, professors for the school,” explains moving between the East and West, he obtaining tenured professorships at both Prof Chen. While visiting his family in returned to his hometown to join the universities. Prof Chen taught in Hong Shanghai, Professor Chen visited CEIBS CEIBS faculty, where he has taught for Kong for eight years, on and off, and in to see if the school was somewhere he an unforgettable nine years. He has seen 2008 he gave up a tenured professorship could work. He enjoyed stimulating many positive changes in the prosperous at the Hong Kong Polytechnic University conversations with other professors and city, and in the school, which leave him to join CEIBS. was charmed by the school’s atmosphere. hopeful and confident about the future. Prof Chen’s path to CEIBS began He decided to join the CEIBS Earlier this year, the Financial Times’ theLINK Volume 2, 2017
Feature 50 2017 ranking of global business schools was released, and 2016 recruitment season. Within three months of graduation, CEIBS’ MBA programme was ranked #11 globally and #1 in 93.4% of the MBA2016 graduates reported having received Asia. This achievement is hardly surprising because over the at least one job offer and 92.7% accepted. Almost 81% of last 13 years the CEIBS MBA Programme has consistently graduates successfully changed their career paths after their been ranked within the Financial Times’ Top 25 global business MBA. Graduates have also seen a noticeable uptick in their schools, in line with other world-class institutions. As he has salaries with almost 70% earning RMB300,000 – RMB600,000 done in previous years, Prof Chen sent out an email thanking per year, a 92% increase, on average, over what they earned the CEIBS faculty and relevant departments. before their CEIBS MBA. In fact, the He believes that this achievement is the percentage salary increase of CEIBS result of the coordinated efforts of the MBA graduates was ranked 4th globally entire school, and is indicative of the overall in 2016, and their weighted salary was accomplishments of the CEIBS MBA ranked 14th. Programme. We must A full-time English-language- Prof Chen beams with pride whenever taught international programme, he talks about the Programme that he has support them in CEIBS MBA is on par with those led for five years: “It’s a flagship programme achieving their offered by other world-class business at CEIBS. It represents CEIBS’ academic schools. Prof Chen attributes this to and teaching standards globally. We are very career goals. CEIBS’ world-class faculty which has lucky; the school doesn’t financially rely on ensured the quality of the programme. the programme at all,” he explains. “Instead, “Global Breadth” is a vital aspect of the it provides abundant resources to support curriculum; for instance, every MBA its development. CEIBS’ vision is to build student must take part in international a world-class business school, and in order exchange programmes or overseas to achieve this goal we must build a first- elective modules. They may also choose rate full-time MBA Programme. Our entire team is working to take dual degree programmes with Cornell, Johns Hopkins towards this goal.” and Tufts universities in the US. He added, “Each MBA student has his own career goals. “China Depth” is the other core element of the They are all here because they have encountered development programme. CEIBS MBA classes are already using a large bottlenecks or because they hope to change their career path number of cases from the Chinese market, professors teach or start a business. We must support them in achieving their management ideas based on Chinese practices, and most of career goals.” Thanks to China’s economic development and the students’ internship and consulting projects are China- the MBA Departments’ career development team – which based. The school has started a mandatory course, “China Prof Chen lauds as “#1 in Asia” – CEIBS’ MBA Programme within the World”, to help students understand the country’s offers numerous career opportunities for both Chinese and role and responsibilities in the fields of global politics, international students. According to the CEIBS MBA2016 economics, society, and culture. Chinese language courses Career Report, the school’s Career Development Centre (CDC) are also offered to international students to help improve was instrumental in making students aware of more than their competitiveness in the Chinese market. In recent years, 800 positions available at 319 companies during the 2015 to many international students have chosen to stay in China theLINK Volume 2, 2017
Feature 51 MBA Department's Major Achievements during Prof Chen Shimin's Tenure: • Consolidated CEIBS MBA Programme’s leading position in reputable global rankings. The programme has been ranked within the Top 25 global business schools in the Financial Times' annual survey for 13 consecutive years; was ranked first in Asia by Financial Times, Bloomberg Businessweek and Forbes in 2015 and regained the first place in Asia in the 2017 Financial Times rankings. • Added entrepreneurship courses to the programme in 2013, set up eLab in 2015 and strengthened CEIBS’ focus on entrepreneurship. • Helped streamline the requirements for all MBA students to attend international exchange programmes or overseas elective modules, signed dual degree programme agreements with Cornell University, which strengthened the CEIBS MBA programme’s international dimension. Further enhanced the MBA programme’s international dimension through mandatory international experience for all students and signing the dual degree agreement with Cornell. CEIBS is indeed • Launched a leadership module to help students further develop leadership an excellent skills. • Offered the “One-Year Option” in 2014, which made the programme more platform. flexible for students who return to their previous employers or the family business. • Launched the Dishuiquan loan project in 2016, which provides low-interest loans to Chinese and international students. • Launched the MBA Bootcamp in 2014, providing opportunities for potential candidates to understand CEIBS at a deeper level. • Initiated mutual-benefit cooperation in placement services with world- famous business schools including HBS, LBS, INSEAD, IESE and IE Business School. • Helped students host extra-curricular activities including the renowned TEDXCEIBS and VCIC East Asia Regional Finals. • Promoted communication between MBA and EMBA alumni via annual alumni activities, Mentoring Programme, recruitment, and internship activities. theLINK Volume 2, 2017
Feature 52 to work with Chinese companies – an impressive result of globalisation. “Internationally, we are the business school with the best knowledge of China; and in China, we are the most international business school,” Prof Chen emphasises. Birth of CEIBS eLab During an academic visit to Israel four years ago, Prof Chen was impressed by a local incubator there and came up with an idea to build one at CEIBS. After returning to China, he shared his idea with school leaders and gained their support. In April 2015, the CEIBS MBA Entrepreneurship Lab (eLab) was launched at CEIBS Shanghai Campus. Prof Chen has great expectations of the eLab, which is now overseen by Professor Vincent Chang. The eLab’s mandate is to create an environment in which entrepreneurs can flourish by accessing the knowledge and resources needed to navigate and succeed in the real world. The IDEA Challenge Programme, a CEIBS eLab initiative, was launched in November 2015 under the guidance of Prof Chang. IDEA represents four stages of a start-up project: Idea, Design, Evaluation and Acceleration. To date, the programme includes 40 start-up teams and is strongly supported by venture capital funds including the alumni company ChairMan Capital and the alumni-initiated Prosperity Fund. The eLab began in a small corner of the second floor of the CEIBS Canteen. To Prof Chen’s delight, after two years of development it has now grown into a distinctive entrepreneurial platform on the Shanghai Campus. It has received strong support from large swathes of the CEIBS community, for example alumni company Mohen Chao Design theLINK Volume 2, 2017
Feature 53 entrepreneurial and innovative gene is Prof Chen calls himself “a lucky man”. bearing new fruit through the eLab. His wishes have been and continue to be fulfilled with the passing of time. He has a successful career, a happy family, A New Challenge Don’t think about and his two children are doing well in Over the past 5 years, Prof Chen has their studies. However, behind the so- the reward when been involved in pushing forward the called “luck” is his hard work from 8 in you are making a development of the MBA Department. the morning to 6 every evening – and It is no exaggeration to say that he is his insightfulness. “I often tell younger contribution. one of the best practitioners of CEIBS’ colleagues that they should do their best motto “Consciousness, Innovation and to take ownership of whatever they do. Excellence”. July 2017 marks the end In retrospect, this is the approach I take of Prof Chen’s term in his current role when dealing with most issues. Don’t Associates sponsored its interior design, with the MBA Department; he will soon think about the reward when you are a signature style that has become face a new challenge – filling the role of making a contribution. When the time synonymous with the eLab’s much Director of the CEIBS Case Centre. Back is right, your hard work will pay off,” he larger, ultra-modern new location near in July 2013, the Shanghai Municipal says. the MBA dorms. The incubator has also Government, after careful consideration, He adds, “CEIBS is indeed an given back to the business community. selected CEIBS to build the “Shanghai excellent platform. All the g reat It has provided specialised courses and MBA Case Development and Sharing achievements made either by me or Entrepreneurship Bootcamps to more Platform” which focuses on management my colleagues are closely related to the than 50 companies so far. With Prof in the Chinese context and aims to help platform. Without CEIBS, as individuals, Chang at the helm MBA students who business schools across the world gain in- we would not have been able to achieve get into the incubator and/or volunteer to depth knowledge of China’s economic so much.” Looking back on his time with be part of its service team are among the environment. Following three years of the CEIBS MBA, Prof Chen is full of main drivers behind the eLab’s day to day hard work, the platform has begun to gratitude, “I have to say special thanks operations. In 2016, the eLab welcomed take shape. “In the past few years, thanks to Yvonne Li, Ma Ning and the entire its new hosts – the MBA2018 freshmen to efforts made by Professor Liang Neng MBA team. Working with them over the batch, a quarter of whom have experience and Research Fellow Dr Raymond Xu, the last five years has been a very enjoyable in starting new companies. At night, the Case Centre has done a lot of work and experience. Although we may not have CEIBS campus is quiet and peaceful, has provided its successors with a solid reached a consensus on every issue, we but the eLab is abuzz with the sounds foundation,” says Professor Chen. “The have generally been a very harmonious of budding entrepreneurs gathered CEIBS Case Centre has a vision, which is team and have accomplished a lot for brainstorming sessions. Twenty- that when Chinese cases are mentioned together. I hope CEIBS will continue to two years ago CEIBS, now a world- in an international context, listeners will excel and that the MBA programme will renowned business school, grew out of an first think of CEIBS.” scale new heights.” entrepreneurial vision and today CEIBS’ Looking back on his career path, theLINK Volume 2, 2017
Feature 54 Wang Cong: Applying Research to our Everyday Lives A By Janine Coughlin cademic researchers have a lot in common with entrepreneurs – both are looking to solve problems which affect our daily lives. For Professor of Finance Wang Cong, the challenges of corporate governance and mergers and acquisitions provide plenty of inspiration. “There are many mergers and acquisitions announced in the media and these do impact the lives of ordinary people. If you work for the company being acquired in the transaction, you care about whether it will lead to employee lay- offs because that will impact your job security,” he says, when asked to elaborate on his research interests. “Also, if you hold shares in the acquiring company, you will care whether this company can make acquisitions that increase its value so Fast Facts: Research & Teaching Interests: Corporate Finance, Corporate Governance, Mergers & Acquisitions, Executive Compensation, Capital Raising and Financing Strategies Tip for Work/Life Balance: “I learned tai chi when I was an undergraduate student at Peking that the stock price of your shares will increase, creating value for you. These sorts University. Since then I have of issues are quite interesting and important topics to research.” been practicing it 15 minutes The research support that CEIBS provides to faculty was part of what attracted per day. It is very helpful to calm him to leave a tenured position at Chinese University of Hong Kong (CUHK), your mind and improve your where he was Associate Professor of Finance and an Outstanding Fellow of the health.” Faculty of Business Administration. He moved to Shanghai in September 2016 to join CEIBS but his first visit to the school was in 2015, to participate in a Finance Symposium. “I spoke with Dean Ding Yuan and many other Finance Department theLINK Volume 2, 2017
Feature 55 colleagues,” he recalls. “I really liked them, and I also liked University, and then it was on to the US for a PhD in the environment here, so I decided to join.” His wife and Finance at Vanderbilt University. However after five years son enjoy living in China’s bustling economic capital and in Tennessee, his wife wanted a more lively, urban lifestyle, it’s just a short trip back home for Professor Wang to visit so he took the faculty position at CUHK. They spent nine his parents. years there before Professor Wang made the move to CEIBS, He grew up in Shandong Province, and did his joining distinguished faculty such as his academic idol, undergraduate degree at Peking University’s Guanghua Baosteel Chair Professor of Economics Wu Jinglian. “When School of Management. He moved to Singapore to do a I was still an undergraduate I read his books on China’s Master’s Degree in Economics at Nanyang Technological economic reform. I feel quite honoured being a colleague of Professor Wu,” he says. Professor Wang is well on his way to building his own impressive body of high impact research. While at CUHK he received that institution’s 2010 Young Researcher Award, and a paper he wrote won the 2015 Emerald Citations of Mergers and acquisitions announced in the media do impact the lives of ordinary people. Excellence Award. Two of his papers are among the top 10 most-cited articles published by the Journal of Finance in 2007 and 2009 respectively; the publication is among the 50 journals that the Financial Times uses when compiling its research rank for business schools. Another FT50 journal, the Review of Financial Studies, recently published a paper Prof Wang co-authored that explores a timely issue – the implications of the strategies theLINK Volume 2, 2017
Feature 56 that multinational companies use to shelter their foreign is large acquisitions,” he explains. “We have seen cases like earnings from taxes. Microsoft paying more than US$8 billion for Skype, which “Multinational corporations in the US hold trillions of is based in Luxembourg, a tax haven country in Europe. dollars of cash in foreign countries. This is because for their Microsoft also paid more than US$7 billion to acquire foreign earnings, they only need to pay taxes to the foreign Nokia, another European company. Three years later government at the foreign tax rate,” Professor Wang says, Microsoft had to sell Nokia for only US$350 million, so explaining his research. “If they want to repatriate this cash essentially over three years it lost over US$7 billion. This is back to the US then they have to pay the US government at an example of the so-called over-investment problem.” the US corporate tax rate, which is normally much higher.” The significance of corporate tax strategy has also While this strategy may save a company on taxes, been making the news in recent times. First, the European Professor Wang’s research shows this comes at a cost. “In my Union ordered Apple to pay US$14 billion in back taxes paper we found that shareholders place a huge discount on plus interest on earnings it had been stashing in Ireland, the foreign cash companies hold on their balance sheets,” he and it accused the Irish government of providing illegal says. state aid to the iPhone maker by allowing it to shelter its There are several reasons for this, the first being the money from tax collectors there. Both Apple and the Irish tax bill that will be due down the road if the money is government are disputing the ruling. Then, in the wake eventually repatriated. The second is that cash parked of the Brexit vote, German Chancellor Angela Merkel said abroad won’t be used for domestic investment, which means that the EU will need to relook at its corporate tax policies. the company may have to rely on external capital markets to In addition US President Trump made promises on the raise these monies, and will incur financing costs. Third, it campaign trail about changing US tax regulations to may lead to inefficient foreign over-investment. encourage multinationals to move their foreign earnings “One channel that these MNCs spend their cash on back to the US. theLINK Volume 2, 2017
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