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.
If life was a deli, this is what Bill took away:
The spirit of philanthropy is strong in Singapore.
While an earlier survey found that Singaporeans view their society as materialistic, the truth is that the sense of community has been strong and enduring since the end of World War Two, according to Pauline Tan, co-author of Philanthropy on the Road to Nationhood in Singapore.
Co-author Pauline Tan
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.
To cap off our year-long Bizad50 celebrations with a heart of festive cheer, a group of fortunate staff and faculty visited the ARC Children’s Centre. After all, that is what Christmas is about – sharing and caring.
Not daunted by the torrential thunderstorm, the children cheered as they greeted us with their broad smiles.
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.
Outstanding Educator Award
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.
Prof Simon Poh (front row, first from right), with the team of 28 students he led into the SMU Tax Case Competition. Amanda Chua is seated next to Prof Ho.
Our Accounting students clinched the top four prizes at the Tax Associate Round at the SMU Tax Case Competition, and the Most Photogenic Group award.
Twenty-eight Accounting students from NUS, forming seven teams, took part. In total, 40 teams took part from local universities and polytechnics.
In a speech at NUS Business School’s Gala Dinner to celebrate its 50th Anniversary, Deputy Prime Minister Tharman Shanmugaratnam spoke about the need for Singapore to create an innovative economy and society.
Mr Shanmugaratnam, who is also Coordinating Minister for Economic and Social Policies, spoke about how creativity and innovation can help Singapore earn its place in a constantly changing world.
Some 500 industry leaders, alumni and faculty came together on 28 October as NUS Business School celebrated the finale of its Golden Jubilee at the Leadership Forum & Gala Dinner.