China Business Centre Sets Up Office in Suzhou

 

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NUS Business School’s China Business Centre (CBC) officially launched its Suzhou office within NUS (Suzhou) Research Institute (NUSRI) in Suzhou Industrial Park (SIP) on 27 October.

The launch was part of a larger Framework Agreement between NUS and SIP that was signed by NUS President Professor Tan Chorh Chuan and Mr Yang Zhiping, Director of the SIP Administrative Committee. The Agreement will see a strategic collaboration between SIP and the following NUS centres:

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BBA Couple Pays It Forward

BBA couple

For Mr Foo and Ms Tan, their romantic partnership began more than 20 years ago on campus when they were studying for their BBA. This year, as they celebrate their 20th wedding anniversary, they decided to commemorate their courtship days by making a gift to the NUS Campus Couples Bursary Fund.

The NUS Campus Couples Bursary Fund is an alumni-led initiative which encourages couples who met on campus to make a gift to bursaries in support of financially disadvantaged students.

Mr Foo and Ms Tan were inspired by this initiative and have been spreading the word to their friends to generate more awareness for the Fund. They liked that it is a more direct way of giving back “as we know specifically how the money will be used to help the next generation”.

The couple shared fond memories of the time they stayed at Temasek Hall.  They bonded when they participated in activities together and also forged strong lasting friendships with fellow hall mates.

In addition to celebrating a successful marriage as a campus couple, the gift is also dedicated to their two sons. They hope that their gift will act as a good ‘pay it forward’ message to pass along to their children.

“It will remind them to never forget the breaks we have been given in our youth and that we should give back by creating opportunities for generations to come,” says Mr Foo.

“Though our Bursary is small by today’s standards, we hope that it will make a difference to a student with financial difficulties to achieve his or her educational goals and be able to have a fulfilling university experience,” Mr Foo adds.

For more, check out NUS Giving.

 

Honouring our Trailblazing Alumni

USE THIS_6K1A0131 New 4.jpg_SmallerOnce every two years, we recognize the achievements of alumni who have distinguished themselves as leaders in the private and public sectors.  These are men and women who have made a difference in industry and society, whose accomplishments are a reflection of both their leadership acumen and NUS Business School’s vision of excellence.

This year, a total of 10 outstanding individuals from industries and fields such as agriculture, entrepreneurship, logistics, healthcare, real estate and sports were honoured. Their impact as leaders is seen not just in Singapore, but also in major economies like China and Japan. In addition, the School’s eminent alumni serve on boards across industries in Singapore and elsewhere in the region, and exemplify NUS Business School’s vision of leading from Asia. The recipients were presented their Awards by Singapore’s Minister for Trade and Industry, Mr Lim Hng Kiang.

“NUS Business School has been instrumental in nurturing business leaders, not just for Singapore, but also the region and world,” said Peter Seah, Chairman of DBS Group and alumnus of NUS Business School (BBA Honours, 1968). “Today, it has almost 3,000 students and thousands more alumni, after starting out with a pioneer batch of just 22 students, of which I was one. I am heartened by how the School has adapted well to changing business landscapes and practices.”

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At the Awards ceremony, Minister Lim also launched the School’s 50th anniversary celebrations with the unveiling of its 50th anniversary logo. Inspired by the School’s Mochtar Riady Building, the logo design features reed-like columns symbolising flexibility and stability.

More information about this year’s award recipients can be found here.To view interviews of the award recipients, click here.

BBA Team Does The Biz School Proud at Citi International Case Competition

 

1st Runner Up

All smiles, from left: Abigail Ho, Douglas Eu, Jerome Tan, Eugenia Lee and Assoc Prof Ang Swee Hoon

“The key to unlocking the potential of the future,” said Jerome Tan in his opening salvo that led the NUS team to 1st runner up position at the Citi International Case Competition organized by Hong Kong University of Science & Technology.

The NUS team wowed the judges with their professional consulting-style analysis and sleek presentation to unlock the branding and expansion potential for the Langham Hospitality Group (LHG), a Hong Kong-owned hotel chain consisting of The Langham, a five-star bespoke hotel; Langham Place, a modern luxury hotel; Eaton Hotel, targeted at the Millennials; and a soon-to-be-launched hotel for business travelers.

Besides Jerome, the NUS team comprising Abigail Ho, Douglas Eu, and Eugenia Lee, advised by Professor Ang Swee Hoon, flew our flag high as the only Asian team to make it to the finals. Jerome, a seasoned case participant, led the team. Abigail is in her final year, while Douglas and Eugenia are “newbies” to international case competitions.

“The HKUST Citi International Case Competition was an experience like no other. Having to work on a 22-hour case, as well as to compete in an interrupted Q&A presentation in the finals, definitely pushed the four of us to not only be analytical but also have agile minds,” remarked Eugenia. She added, “The competition brought together individuals from all over the world, and allowed me to forge new friendships that I am definitely going to keep. It was a grueling but rewarding week and I am glad to say that we did our best.”

A challenging competition indeed as there were 18 top universities from 11 countries and 5 continents, pitting against each other.

In the first round with 6 universities competing in each of 3 divisions, NUS emerged winners in their division. The first round chief judge, Mr Bob Van Den Oord, Managing Director and Vice President of Brands at LHG, was impressed with the team’s thought process, analysis and delivery.

In the finals where judges were allowed to interrupt their presentation, the team battled the onslaught of questions from 7 prominent judges representing LHG, Citibank, and consulting firms, Accenture and Oliver Wyman. The judges commented that they could not have delivered that high level of analysis as students at their age.

All in, a feather in the cap for the students and NUS.

The Diversity Dividend

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The Centre for Governance, Institutions and Organisations (CGIO) recently launched its 2014 Singapore Board Diversity Report.

Focusing on 676 listed companies, covering 4,629 directorships the report found that while Singapore still trails behind the region, we are seeing more diversity in gender, age and ethnicity.

Dr. Marleen Dieleman, Associate Professor and Associate Director for CGIO presenting the key findings. The results showed that a lot more can be done:

– Diverse boardrooms see nearly five times better ROA
– Only 7.7 per cent of SGX-listed boards are diverse in gender, age and ethnicity
– Female representation on SGX-listed boards increases marginally from 7.9 to 8.3 per cent, remains behind region

With evidence that greater diversity pays off for boards, Guest of Honour, Grace Fu, Minister in the Prime Minister’s Office, Second Minister for Environment and Water Resources and Second Minister for Foreign Affairs calls for companies to re-examine their board selection process and encourages companies to broaden their search beyond their usual social circles. Companies should also explore identifying and grooming board-ready candidates from within, says the NUS Business School alumna.

Setting Up The Perfect Career Match

Accounting Career ServicesAlmost 50 BBA and Accountancy students had the opportunity to meet and network with 20 representatives from six accounting firms at the Accountancy Career Evening held at the Shaw Foundation Alumni House on 28 October.

Organised by the School’s Career Services team, in collaboration with Spring Singapore for the second year running, this event brought students face-to-face with the partners, directors and HR personnel of mid-sized accounting firms without having to be short-listed.

The session was mutually beneficial – students learnt of internship and job opportunities while it was also a unique opportunity to promote their corporate brand and gain access to the CVs of participating students. They can also get the support of Spring Singapore to defray the cost of hiring our interns and graduates via their SME Talent Programme.

The participating firms this year were BDO LLP, Foo Kon Tan Grant Thornton, Crowe Howarth, PKF-CAP, Moore Stephens and RSM Chio Lim. Representatives from the Singapore Accountancy Commission, Spring Singapore and the Institute of Singapore Chartered Accountants (ISCA) were also present at the event.

“We recruited 7 students from last year’s same event and we have been very impressed by their performance. That’s the reason why we are so eager to participate in this event,” said Lee Mong Sheong, Partner, Audit, RSM Chio Lim.

Structured like “speed-dating,” the group speed interview format saw students interviewed in groups of four to six by two representatives from each company. The group sessions helped put the students at ease and also allowed the companies to shorten the interview process.

“I enjoyed myself tonight and am glad I came for the networking session! The food, ambience and environment were great too. I look forward to such similar events in the future,” said Yong Hui Min, Accountancy student.

The Inside Scoop on Management Consulting

Career Services Talk

BBA, MBA and MSc students drawn by the idea of being a consultant had the opportunity to hear firsthand about the myths and realities about the consulting industry from actual practitioners.

The speakers, who have worked for top consultancies such as Accenture, Bain and McKinsey, shared their life stories, work experiences, and how the being a consultant opened up other business as well as career opportunities.

Organized by the School’s Career Services team, students got a taste of what a typical consulting project was like, as well as received tips on how to get a foot into the industry.

NUS Business, Computing Schools first to offer IBM-Watson Education in the region

IBM signing

 
NUS today signed a partnership agreement with IBM to become the first University in Southeast Asia to offer Watson Cognitive Systems Education. This collaboration will extend cognitive systems activities at NUS Business School and NUS School of Computing through in integrative real-world learning experience based on IBM’s groundbreaking technology.

Watson technology mimics human decision making- scales and democratizes expertise. It processes information like a human by understanding language, generating hypotheses based on evidence and continual learning.

This landmark agreement will allow NUS Business School students to develop business innovations, nurturing a new generation of innovators to bring to life a generation where people and machines work together to resolve business challenges. Students will learn about Watson and its underlying technologies that are required to develop cognitive systems applications. They will then be grouped into project teams to develop prototype applications and a business plan for their industry of choice such as, banking, retail or telecommunications.

“As a leader in education and research in cognitive computing research, NUS aims to groom future-ready students who can harness this combination of science and technology to create innovative products and services,” said NUS President Professor Tan Chorh Chuan. “It is crucial for our students to be able to work with the most cutting-edge systems and technologies, and hence we are truly excited about this partnership with IBM which will enable this through a multidisciplinary and systematic approach.”

Held at Marina Bay Sands, the event was hosted by Janet Ang IBM’s Managing Director for Singapore, and Yaacob Ibrahim, Singapore Minister for Communications and Information was the Guest of Honour. Representing NUS were President Professor Tan Chorh Chuan, Professor David Rosenblum from School of Computing and Business School’s very own Dean, Professor Bernard Yeung.

5 Facts You Need to Know About the new China Business Centre

Some 320 business delegates from Singapore and China attended the inaugural forum at the Pan Pacific Hotel in Singapore to launch the China Business Centre (CBC) on 24 September. Prominent speakers and panellists, including CapitaLand’s former CEO Professor Liew Mun Leong, IE Singapore’s Mr Teo Eng Cheong, New Hope Group’s Professor Chen Chunhua and Huawei’s Mr Tian Tao shared their views on globalisation and business transformation.

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Celebrating a Gift of Hope

A group of 37 students from our Asia-Pacific Executive MBA created history by becoming the first class to raise over $400,000 for undergraduate bursaries. Referred to as APEX-E22, the class becomes the first to have a bursary named after it.  The Apex E22 Endowment Bursary will help about eight undergraduates every year, in perpetuity.

GANO APEX E22 Bursary

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