Last month, a packed hall of students met Bill McDermott, CEO of SAP. With nearly 77,000 employees and 300,000 customers in 190 countries, SAP is the world’s business software market leader. Bill is also the author of “Winners Dream: A Journey from Corner Store to Corner Office”, where he shares his journey from teenage entrepreneur to global CEO.
Bill began his professional career at Xerox, where he worked for 17 years and rose through the ranks to become the company’s youngest corporate officer and division president. He joined SAP in 2002 to lead the North America business, and became the company’s co-CEO in 2010 and its sole CEO in 2014.
However, as a businessman, Bill started his journey at 17, just a little younger than our undergraduates, when he bought his first deli with $5,500 in loans. His promise to his creditors then – if he failed to make any of the repayments as scheduled, he would lose the deli. He paid them back, within two months, a total sum of $7,000, including interest. The deli paid his way through college, and was sold once that purpose was achieved.
Student ambassador programmes by organisations help develop students’ technical and soft skills. One such initiative is the Deloitte Student Ambassador Program.
Launched in 2014, the Program was introduced to recognise talented new staff. Its Student Ambassadors are those who have accepted priority offers to join the firm upon graduation and have excelled in their studies, co-curricular activities or their internships with the firm.
The 2015 edition of the Program saw Low Zhan Hao Pierre, BAC Year 3 and Ngui Jia Yi, BAC Year 2 joining Deloitte as the firm’s Student Ambassadors. Continue reading →
The National University of Singapore (NUS) Business School has signed a Memorandum of Understanding (MoU) with Shanghai Zhangjiang Hi-tech Innovation Centre (HTIC) and Shanghai ISPACE Investment Management Group Co. Ltd (ISPACE).
Dean Bernard Yeung, with HTIC and ISPACE officials, at the signing ceremony of the MoU.
This partnership will result in the development of mutually beneficial programmes, projects and activities that promote new inventions and business ideas.
Students in the family business course with Assoc Prof Marleen Dieleman (Strategy & Policy) got creative when asked to study an Asian family business feud and distil lessons from it.
The team was an international mix, including BBA student Keith Ong and exchange students Juan Dader (Universidad de Navarra), Lee Hyoseop (Korea University), Keith Ong (NUS) and Lina Sadovskaja (Stockholm University).
Picking India’s well-known Hiranandani family business, they came up with this wonderful and entertaining video clip that lays out the drama, its antecedents and the lessons family firms can learn from it.
Many students will say it is a dry subject. And Dr Liu agrees it can be hard to engage the students, especially for those with a phobia of numbers.
Yet Dr Liu Qi Zhang of Decisions Sciences has managed to win an Outstanding Educator Award for his work with students. This award recognises dedicated and innovative teachers who set new benchmarks in teaching.
What is decision science? Dr Liu says, simply, that it is the “science of making decisions”. Every day, managers have to make many decisions. They are faced with a mountain of data. If they know which data to collate and analyse, they can use the insights gained to make optimal decisions for their companies.
The NUS Team, comprising Eleanor Low, Eugenia Lee, Nigel Toe and Shaun Chong, wowed the judges with their thorough analyses and polished presentations to emerge champions at the end of a gruelling week of challenges.
The Australian Undergraduate Business Case Competition is a joint initiative by the Queensland University of Technology Business School, the University of New South Wales (UNSW) Australia Business School and the University of Melbourne’s Faculty of Business and Economics.
Congratulations to the winners of the 2014/2015 Outstanding Researcher and Outstanding Educator Award at the Faculty level. These awards honour and recognise members of the NUS Business School community who, through their performance and commitment, set new benchmarks in the areas of research and teaching.
Outstanding Researcher Award
Young Researcher Award
Assistant Professor Wenlan Qian from the Department of Finance has published numerous studies in top journals over the past two years. Recently, she was nominated to serve as a fellow of the Homer Hoyt Weimer School of Advanced Studies in Real Estate and Land Economics. Wenlan also serves on the editorial board of Real Estate Economics. In addition, her work has earned research grants from external associations, as well as international awards at some of the world’s most prestigious conferences. Recently, she won the award for best paper in asset pricing at Society of Financial Studies (SFS) Cavalcade, and also the BlackRock research award for best paper on capital markets at the Australasian Banking and Finance Conference.
Outstanding Researcher Award
Professor Remus Ilies from the Department of Management and Organisation has research published or accepted for publication in top tier journals. Remus’ research addresses issues that are highly relevant for organisations and society. A remarkable feature of Remus’ work is his creativity in combining significance with outstanding theoretical and methodological sophistication. He has enhanced the reputation of NUS by publishing impactful research, as reflected in the number of citations (over 4000 citations in ISI and more than 11000 on Google Scholar) and numerous international research awards. Recently, he won the Center for Creative Leadership Award for best paper on Leadership for 2013 and 2014 at the European Association Of Work and Organizational Psychology Congress in Oslo.
Outstanding Researcher Award
Professor Allaudeen Hameed from the Department of Finance has published extensively in influential finance journals. In 2015 alone, he had five papers published, or accepted for publication in Journal of Financial Economics(JFE), Review of Financial Studies(RFS) and Journal of Financial and Quantitative Analysis(JFQA). This recent achievement puts him among the most productive researchers in the field of global finance. His research achievements have elevated the standing of our finance department. Besides being an active research mentor in the department advising many junior faculty and PhD students, Allaudeen has also been integral in exploring opportunities for joint Finance Masters programmes with other universities.
Members of the Panel: Prof Ang Swee Hoon (moderator), Ms Baljeet Kaur Grewal, Ms Andress Goh, Dr Owi S. Ruivivar, Dr Qian Wenlan
When it comes to female financial literacy, there is good news and bad.
The bad news is that women are falling behind men, especially in an increasingly complex financial world. The good news is women are more aware of this shortcoming and can take action to bridge this gap.
During the Centre for Asset Management Research and Investments’ 3rd Women in Banking and Investments forum, the four panelists discussed issues pertaining to financial literacy and gender diversity, as well as shared their anecdotes about how they learnt to be financially savvy. The unanimous personality that all of them highlighted as their first financial mentor was their mothers, emphasizing the vital role women play in ensuring the transmission of financial literacy to their children.
Posters dotted the Business School foyer on the day of the Decision Sciences Undergraduate Poster Competition. For the students, it was the culmination of several weeks of discussions to find solutions to a real-life business problem, based on theories learnt in the classroom over the past few years. It was also a chance to articulate to judges, and argue too, the rationale of their business proposals.
While judges were faculty members, members of the companies they were analysing also came by to watch the presentations and offer valuable practical feedback on the business plans presented.
“Yes,” says Chua Nan Sze, Director of Graduate Studies at NUS Business School, who was featured in The Business Times article “Educating the CEO”.
“Building social and professional bonds can help in their personal and career growth, potentially spinning off collaborations, creating new opportunities and facilitating mutual benefits,” she said, of MBA graduates.