The Auditor-General’s Office (AGO) is to sponsor an Outstanding Achievement Award for NUS Business School undergraduates. Auditor-General Willie Tan and Dean Professor Bernard Yeung signed a Memorandum of Understanding on December 10, 2014, which will offer award recipients the opportunity of an internship with the AGO. The award will be given to the top third-year Bachelor of Accountancy undergraduate from the School each year.
As we come to the end of 2014, here’s a look back at some key highlights of this past year. Thank you all for your engagement and support! Have a Happy New Year!
Our ‘Gift A Wish’ initiative made the wishes of some 50 children at the Arc Children’s Centre come true this holiday season.
Through a donation drive organised by the School’s social committee, the team used the funds to bring smiles to these children with cancer or other life-threatening illnesses.
Congratulations to the following faculty members who have won various faculty teaching awards at NUS Business School:
Assoc Prof Li Xiuping has won the Faculty’s Young Researcher Award. Also a nominee for Young Researcher at the University level, Xiuping works in the area of behavioural decision theory, focusing her research questions with theoretical and practical impact. This is an important stream of research especially in consumer behaviour.
Due to the relevance of her research to industry marketing practices, her work has generated a high level of media interest, and has been featured in the New York Times, CNN, CBS, WSJ, and various regional and local media platforms. Her research has also been published in the Journal of Consumer Research.
We’re also pleased to announce that nine of our faculty members have won the School’s Teaching Awards, which recognise exceptional commitment to excellent teaching:
In addition, we congratulate the new faculty appointees: Professor Sumit Agarwal will serve as Vice Dean of PhD & Research, Professor Kulwant Singh will serve as Head of the Department of Strategy & Policy and Associate Professor Leonard Lee has been appointed Dean’s Chair for a period of three years.
Congratulations to all the faculty members!
A gift of hope goes a long way towards helping to keep a dream alive. For the recipients of the NUS Business School Undergraduate Scholarship and Bursary Award 2014, it has definitely made a positive difference.
BBA undergraduate Heng Lijin (pictured above) used to give tuition two to three times a week to help ease the financial burden for her mum, the sole breadwinner of the family. So when she was awarded the W & Y Holding Bursary, she felt extremely blessed.
“With this bursary, I can now afford to cut down my part-time work and channel my energy into my studies. I am now motivated to work harder towards achieving better academic results,” says Lijin.
Now in year two of her BBA programme, Lijin even found time to be involved in a few community projects such as Charity Fiesta and RunNUS as her way of giving back to society.
The awards are supported by donors from the NUS Business School Alumni Associations, individuals and corporations. This year, about 600 business school undergraduates qualified for bursaries. Many, like Lijin, take on part-time jobs to pay their tuition fees, earn pocket money and support their families. Their hectic schedules make it a constant struggle to balance their heavy study commitments with their long hours of work. The support of our donors ensures a level playing field for them, and gives them the opportunity to take part in more co-curricular activities that will help them develop into holistic individuals.
“Many of our students shoulder tremendous burdens – not only do they have to study hard like their peers to attain their degrees; but they also have to finance their education on their own. The generosity and graciousness of our donors has created hope for potential future business leaders,” says Associate Professor Chng Chee Kiong, Vice Dean, Undergraduate Studies.
The School recently announced the Asia Leaders in Financial Institutions (ALFI) programme to equip finance industry practitioners with the capabilities to assume regional and global leadership responsibilities.
The programme, designed for senior directors and managing directors in the financial sector, will feature a curriculum aimed at strengthening thought leadership, professional competencies, and change management skills for turbulent times. Through immersive visits to global financial centres such as New York, Beijing and Mumbai, participants will meet with top officials and financial sector leaders, attend global CEO roundtables, and work on capstone projects – all within a span of eight months.
“Our premise is that visionary and effective leadership is built upon a broad platform, where a sound understanding of the fundamentals is supplemented with exposure to the inspirational journeys of other leaders,” said Professor Bernard Yeung, Dean and Stephen Riady Distinguished Professor at NUS Business School.
“There is still a comparative lack of strong senior Asian voices, not just in financial institutions but also within financial regulators. As Hong Kong, Singapore and Shanghai – and hopefully Mumbai, too – become more successful as financial centres they will need locally-trained leaders who understand Asian cultures and regulatory regimes,” says Professor Joseph Cherian, Director of CAMRI.
Enrolling its first cohort in September 2015, the ALFI programme will feature a curriculum aimed at strengthening thought leadership, professional competencies and change management skills, while providing rigorous training and systematic mentoring.
Besides the School faculty, ALFI curriculum is designed in partnership with leaders and CEOs who are high-level industry practitioners in Asia, and who hold appointments at the School. They include:
- Dr Duvvuri Subbarao, former Governor of the Reserve Bank of India, Distinguished Visiting Fellow
- Mr Masaaki Shirakawa, former Governor of the Bank of Japan, Distinguished Visiting Fellow
- Professor Anthony Neoh, former Chief Advisor to the China Securities Regulatory Commission, Dean’s Visiting Professor
- Professor Liew Mun Leong, Provost’s Chair Professor and former Chief Executive of CapitaLand Group
- Professor Kim Sun Bae, Professor of Economics Practice and former Chief Asia Economist at Goldman Sachs.
To read an interview with Dean Bernard Yeung and Professor Joseph Cherian about this programme, click here.
Many sources of research demonstrate a striking correlation between gender diversity in senior management to superior corporate performance.
To delve deeper into this finding and discover “How Does One Get More Women into Senior Management Roles,” the Centre for Asset Management Research and Investments (CAMRI) held its second “Influential Women in Banking and Investments Forum.”
Speakers from Barclays Capital, Egon Zehnder and Nikko Asset Management, shared guidance and advice derived from their professional and personal experiences on how they overcame the “double burden” syndrome of balancing work with domestic responsibilities. According to McKinsey’s 2012 Women Matter survey, this syndrome was deemed the biggest barrier in Asia to increasing gender diversity within the top management of corporations.
“It’s impossible to have it all with no trade-offs,” said Elaine Yew, Member of Global Executive Committee and Managing Partner, Egon Zehnder. “The five factors that made it possible for me to develop my career are role models, a strong support system, a company that was progressive and a supportive partner who was willing to compromise.”
At the close of the forum, all the panellists were asked if they have any regrets? The answer – a resounding “No!”
29 BBA students recently saw their hard work come to fruition during The Asia Centre for Social Entrepreneurship and Philanthropy’s (ACSEP) “Learning by Giving at NUS” event.
As part of a course, “Measuring Success in Philanthropy and Impact Investing,” the students had to identify the most donation-worthy charities in Singapore by adapting and using frameworks and tools created by Northeastern University. They had to use the RISE assessment framework to ascertain the Relevance, Impact, Sustainability and Excellence of the charities they were looking at.
According to Dr Tan Jee Peng, NUS Visiting Fellow who has had more than 30 years of rich experience with The World Bank, “young people should learn now to give by having actual dollars to give away. By trusting students to make philanthropic investments… gives them a sense of agency and social responsibility.”
Through the generosity of Mr. Keith Chua, Executive Chairman of ABR Holdings and Chairman of ACSEP’s Advisory Board, the students were empowered to donate a total of SGD40,000 to charities that they identify as being the most donation-worthy. They include:
- Care Corner Family Service Centre (Admiralty)
- Cerebral Palsy Alliance Singapore
- Singapore Red Cross
- Home Nursing Foundation
- New Life Community Services
- Kidney Dialysis Foundation
- Reach Community Services Society
Home Nursing Foundation received an additional SGD5,000 for being voted “Top of the Tops” by the class.
The identified charities were recognized through the award of a grant from the Mrs. Lee Choon Guan Trust Fund, a foundation that honors Mr. Chua’s late great grandmother.
Congratulations to our BBA team for clinching the top prize in the McCombs Fall Case Competition, the most prestigious case competition event held by the McCombs School of Business, University of Texas at Austin. The annual competition gives students an opportunity to showcase their business talents by helping to solve a real-world business problem proposed by corporate sponsors.
The team comprising Lee Wee Siang, Justin Low Jie Hong, Tay Si Song and Jasper Yong Jia Hua beat 34 others to emerge victors. The students, who are currently on exchange under the Student Exchange Programme (SEP), credit their win to the opportunities provided by the NUS BBA programme.
“We really appreciate this SEP experience and would like to thank those who worked hard to provide us with this once in a life time opportunity,” says Wee Siang.
The SEP offers invaluable international experience for students to develop an awareness and appreciation of other cultures, as well as broaden their outlook and approach to doing business. For this team, the experience was further enriched when they chose to make the most of the opportunities that came their way.
“We hope to inspire other students to take part in more of such competitions during their exchange as well. It has certainly been a great learning experience for us,” added Wee Siang.
A new champion was crowned at the finals of NUS Cerebration 2014 held on 12 November at the NUS Guild House. The grand prize of S$10,000 went to MBA students from School of Business Management, NMIMS Mumbai (NMIMS), consisting of Aman Jain, Anisha Mukhija and Prince Jain. Teams from Anderson School of Management, Kenan-Flagler Business School and Tuck School of Business joined the NMIMS team in the Grand Final.
The winning team impressed the judges with their proposal for devising the most feasible and convincing business strategy for a Singapore-based interior furnishing company whose business has not been performing as well in India as it has in other Asian markets. The judges were impressed by the thorough research and comprehensive proposal, which included strategies for the premium market, cross-selling and social media engagement.
“It was fantastic to take part in the finals of Cerebration 2014 in Singapore and see the excellent and innovative ideas of the other teams. Despite the pressures, challenges and disagreements we faced leading up to this stage of the competition, it has definitely been an experience that stretched our ability to work as a team, and that is something that will come in useful in the course of our careers,” said Ms Anisha Mukhija from NMIMS.
Organised entirely by our MBA students, the event attracted entries from 601 teams from 150 business schools in 34 countries. Now into its 10th year, the annual NUS Cerebration has seen many changes, including how case requirements have evolved to keep pace with industry developments. This year, participants were tasked to address the transformation of the global economy and rapid digitisation of business and consumer lifestyles – real challenges faced by sponsors Daimler Financial Services and SPRING Singapore.
“NUS Business School is proud to host the world’s largest student-organised MBA case competition and be a global platform for the exchange of knowledge and ideas, in line with our vision to be Asia’s leading business school,” says Associate Professor Susanna Leong, Vice Dean of Graduate Studies, NUS Business School.
For the organisers, it has been a fulfilling journey with unforgettable memories of camaraderie among fellow organisers and students from all over the world. Remarked Mr Amrit Dureja, leader of the Cerebration 2014 organising team and NUS MBA student: “It has been an opportunity we are all thankful for, and an honour to be part of the organising team for the 10th edition of Cerebration. I look forward to seeing future cohorts of NUS MBA students benefit from this enriching experience, just as we have.”