Dean's Message
Going globally, connecting locally

Our School witnessed a greater level of global recognition in the past few weeks. We saw our Asia-Pacific Executive Master of Business Administration (APEX) programme being ranked 20th in the world in the Financial Times EMBA 2008 Rankings; improved in the EIU MBA rankings; officially launched the S3 Asia MBA Programme and were admitted into the EMBA Council.

We had the honour of hosting prominent speakers such as Mr Jim Rogers, the world-renowned investment guru; and Dr. H. M. Hidayat Nur Wahid, the Chairman of the People’s Consultative Assembly of the Republic of Indonesia. They shared their unique insights in investing and political developments respectively and it was an eye-opener for everyone.

In line with our goal to provide thought leadership on pertinent issues in the community, our faculty published 12 articles as part of the ST-NUS Series on the recent financial crisis. We also hosted leading experts from the financial industry for a forum on this financial tsunami. This was a wonderful partnership where both School and alumni created a platform for students to make sense of what was happening . We care for our students, not just academically but also for their future and how we can help push them in the right direction.

I’m heartened by our alumni’s efforts to contribute back to the School and the community. The NUS Business School Alumni Association (NUSBSAA) set up a Bursary Fund to support the next generation of business leaders; the Southern China Alumni Network (SCAN) donated generously to rebuild a school for children in Suichuan; and some local alumni have been volunteering with the YMCA-NUS Business School Volunteer Service Management Programme. I hope their efforts will inspire more alumni to step forth and be re-connected to their alma mater and enjoy lifelong learning with us.

Our students bonded among themselves too, through the many activities on and off campus. Our BBA students kept the tradition of winning and clinched first runner-up award at HKUST Citi International Case Competition in Hong Kong, while two others came in second for Tata Crucible 2008 in Singapore. We also provided opportunities for students to prepare for the working world, through recruitment events such as MBA Career Connexions and BBA Relazione.

There may be an economic slowdown but the School is still bustling with activities. I look forward to more eventful times ahead.

Prof Bernard Yeung
Dean and Stephen Riady Distinguished Professor of Finance
NUS Business School

School News
Becoming among the top 20 in the world

NUS Business School’s Asia-Pacific Executive Master of Business Administration (APEX) programme has been ranked 20th in the world in the Financial Times EMBA 2008 Rankings, released on 27 October.

This is the first and the only Singapore business school that has ever been ranked in the top 20 in any FT or global survey of the world’s leading business schools. This is also the highest rank of any Singapore business school in a leading global ranking of MBA Schools or programmes.

"The high ranking of our APEX programme is an affirmation of our academic excellence and the quality of our faculty, students and alumni,” said Professor Bernard Yeung, Dean of NUS Business School.

“What is significant is that we broke a new threshold and raised the bar of excellence once again for Singapore business schools.”Professor Yeung explained, “The top 20 listing has always been dominated by US and European schools and we are very pleased that NUS Business School is the first business school in Singapore and one of the very few schools in Asia that has made it to the prestigious list.”

In addition to a strong showing in the overall ranking, NUS Business School’s APEX programme, is also listed among the world’s top 10 in specific categories. It is No. 6 in “International Students”, No. 7 in “International Course Experience” and No. 9 in the world for “Work Experience” categories.

Climbing EIU's ranking of top MBA programmes

NUS Business School has been ranked among the top 100 leading business schools in the world for its full-time Master of Business Administration (MBA) programmes in the Economist Intelligence Unit’s (EIU) ranking of the world’s full-time MBA programmes, released in September.

This year, NUS Business School is ranked 89th globally, up by five spots. NUS Business School is also one of only two top business schools in Asia to have improved on their rankings. The other institution is Chinese University of Hong Kong.

"We are showing improvements globally and within Asia. What is significant is our steady improvement three years in a row. Clearly, our improvement efforts are in the right direction,” said Professor Bernard Yeung, Dean of NUS Business School.

He added, “As Asia’s global business school, we know Asia best, providing the best of East and West in business education and research. We are continuing with our strong improvement efforts and will further inject new energy into these efforts. We are confident that with our focus on the pursuit for excellence, we will continue to be ranked among the top leading business schools in the world.”

Economist Intelligence Unit’s ranking of full-time MBA programmes takes into account four factors it has identified as the primary reasons why students pursue an MBA: career prospects; personal development and educational experience; salary increase; and potential to network.

Strong endorsement for EMBA programmes

NUS Business School has been admitted as a member of the Executive MBA Council, as of 4 September.

The School's Executive MBA Programmes – Asia-Pacific Executive MBA (English) Programme, Asia-Pacific Executive MBA (Chinese) Programme and the UCLA – NUS Executive MBA Programme – fulfilled membership

requirements such as accreditations of the programmes, experience and background of students and strength of the curriculum.

The Executive MBA Council is a non-profit association of universities and colleges that offer Executive MBA programmes and related graduate business programmes for working executives. The Council was formed in 1981 with the aim to foster excellence and innovation worldwide through activities and services, to educate, network and inform administrators and faculty.

Current members of the Executive MBA Council include more than 200 colleges and universities that administer over 320 programmes in more than 25 countries.

Official launch of tri-country MBA programme

The S³ Asia MBA Programme, an inaugural tri-university double degree MBA programme jointly established by Fudan University, Korea University and the National University of Singapore Business School, officially opened on 27 August. The opening was held at Fudan University, marking the first collaboration between these three prominent universities in Asia.

After a stringent six-month selection process, 33 students from six countries get the opportunity of being the first cohort of the programme since its launch on 26 February. In the cohort, 30% are Korean, 30% are Chinese, 27% are Indian, and the rest are from Singapore, Indonesia and the USA.

The student representative who spoke at the ceremony, Govind Pandey from India, expressed his motivation and aspirations, "I am motivated by the growth potential of the Asian economies and the skills and knowledge that the S³ Asia MBA will equip me with. The real strength of this programme lies in the opportunity to interact with students from all over Asia and the rest of the world, in three renowned business schools in Asia."

The opening ceremony was attended by the deans of the three business schools and distinguished guests.

Riding the financial tsunami of 2008

Veteran bankers and financial experts shared their insights on how graduating students could position themselves in the face of an increasingly volatile job market, at a forum titled "Riding the Financial Tsunami of 2008", held on 22 October.

The distinguished board of panelists included Mr Hsieh Fu Hua, CEO of SGX and member of NUS Board of Trustees; Mr Mark Bowden, former Managing Director and Head of Equities (Asia), Merrill Lynch; Mr Guan Yeow Kwang, Senior Joint General Manager of Mizuho Corporate Bank and Ms Anthonia Hui, Chairman and CEO of AL Wealth Partners.

In his welcome address, NUS Business School Dean Professor Bernard Yeung highlighted that such a forum was part of fulfilling the School’s responsibility in helping graduates better understand the financial crisis and its impact on the job market.

He said, “It is very important to us to help our students think ahead in times like these. Having a forum with leading experts definitely generates thought leadership on the situation. This comes at a critical time—it helps strengthen and prepare our students upon graduation. Ultimately, we want to assure our students that we are with them through these tough times and that we are committed to helping see them through.”

Panelists gave students compelling pointers on not just how to ace the job search process, but also how to proactively seek their ideal job in a difficult, competitive market.

Faculty publish series on financial crisis in Straits Times

In the wake of the recent financial crisis, the NUS Business School has taken proactive steps in providing thought-leadership in the community.

Our faculty members authored 12 articles on topics related to financial crisis as part of the ST-NUS Business School Series. These articles were featured in The Straits Times and can be read from our website.

(Click here to read the articles.)

NUS MBA Fair pulled crowds

The NUS MBA marketing campaign has begun; and the NUS MBA Fair got the crowd it wanted -working adults who wanted to improve their employability or to give themselves a leg up in making a career switch, by taking up an MBA or an Executive MBA.

Held on 18 October, the whole-day Fair consisted of a public talk by the Dean of NUS Business School, Professor Bernard Yeung, on the causes of the US Financial Crisis, briefings on the various NUS MBA and Executive MBA programmes, career opportunities upon graduation, as well as talks by the business school’s Associate Professor Jochen Wirtz and his co-author Dr Patricia Chew, an NUS MBA and PhD alumnus.

Associate Professor Wirtz and Dr Chew, co-authors of a textbook entitled “Essentials of Services Marketing”, launched their book at the Fair. The introductory services marketing textbook is written for the marketing student in mind, with substantial content that makes it easy for faculty to teach as well.

The NUS MBA Fair was well-attended and the level of interest was high, with many sitting in the various programme briefings and staying on to get their questions answered. This Fair is one of almost 50 information sessions (comprising programme briefings and fairs) that the School will be organising in more than 20 cities between Sep 2008 and Apr 2009.

Jim Rogers: save money and spend wisely

Mr Jim Rogers, renowned investment guru, gave a talk to a packed auditorium of about 1,600 participants at the NUS University Cultural Centre Hall on 13 October. He spoke about his life, investing, importance of following one’s passion and how he sees Asia as the next big thing after the United States.

"Yes, save money and invest wisely," said Mr Rogers, when asked for any lesson to be learnt from the recent financial crisis.

"Singapore has more foreign currency reserves per capita than most other countries and this should be the way to go," he added. "I am confident that in the situation when this crisis worsens, Singapore will be the last country standing."

Professor Bernard Yeung, Dean of NUS Business School, moderated the “Questions & Answers” session. Participants from various background took to the microphone to ask the legendary investor a variety of questions, from investment to his views about Singapore.

When asked for advice to investors who are just starting out, he said: "Always only invest in what you understand. If you are young, follow your heart and do what you are passionate about. Lead a life that you're interested in and success will come naturally."

The two-hour session titled "An afternoon with Jim Rogers", was co-organised by the NUS Business School, Nanyang Business School and Action Community for Entrepreneurship.

Bridging Strategy To Execution

NUS MBA Office collaborated with Thomson Reuters to organize a talk titled “Bridging Strategy to Execution” on 10 October. Approximately 60 persons, comprising alumni and students from BBA, MBA and other faculties, attended the talk at the Hon Sui Sen Auditorium.

The speaker, Mr David Gurle, explained how to integrate people and operations into strategy to establish the building blocks of execution and deliver results. He is the Executive Vice-President (EVP), Global Head of Collaboration Services, Head for Sales & Trading Asia, Thomson Reuters Markets.

Mr Gurle talked about real life scenarios where major players in industries such as TelCo, MEDIA and Software succeeded in building the “bridge” and won the market. He also pointed out examples where they missed out one or two pillars of the “bridge” and failed to execute.

The talk impressed upon participants that success was possible in any industry with good execution.

Meeting Italy @ NUS

Italy has the 7th highest GDP in the world, is the 6th largest exporter of manufactured goods, ranks 8th in the world as a country with 'quality of life' and comes in 20th for 'human development index'. NUS Business School community had the opportunity to understand better about Italy at Meeting Italy @ NUS on 24 October.

Approximately 80 participants joined in the event at the Hon Sui Sen Auditorium to listen to various business leaders of Italian companies share about their best practices.

Topics such as marketing, strategic planning, human resource management were discussed by the various speakers who came from banking, semiconductor, telecommunications, electronics and oil and gas industries.

Dr. Massimiliano P. Sponzille, Italian Trade Commissioner in the Italian Trade Commission Singapore since 2007, was also present to give an insight into the workings of Italian companies.

MBA and BBA students, together with the alumni and corporate partners, got a better understanding of Italian firms' strategies and management practices from this talk.

Honouring companies with good corporate governance

Securities Investors Association Singapore (SIAS) held its first Investors' Corporate Governance Conference in collaboration with NUS Business School’s Corporate Governance and Financial Reporting Centre (CGFRC).

Mr S Iswaran, Senior Minister of State for Trade and Industry was the Guest of Honour for the full-day event held at Raffles City Convention Centre on 8 October. Associate Professor Mak Yuen Teen, co-director at CGFRC, gave a speech titled “Improving the Substance of Corporate Governance”. He mentioned that corporate governance is about “empowering management, while ensuring that there is adequate oversight and accountability.” Assoc Prof Mak spoke on issues such as building an effective board, internal control and risk management.

Singapore Corporate Governance Awards were also given out to companies exhibiting exemplary governance, with SMRT taking the top honours.

Alumni set up bursary fund for Biz students

Eleven financially needy business undergraduates received bursaries worth $2,500 each from the NUS Business School Alumni Association Bursary Fund on 22 September, thanks to about 70 alumni and donors who contributed to the Fund. They had raised $289,500 in endowed funds to support bursaries in perpetuity at the business school. This is the first time that a bursary fund is set up collectively under the NUS Business School Alumni Association (NUSBSAA).

A Donor Appreciation-cum-Bursary Presentation Ceremony held at the NUS Kent Ridge Guild House on 22 September provided an opportunity for the student recipients to thank their donors personally.

The NUSBSAA Bursary Fund attracts a dollar-for-dollar matching grant from the Singapore government, bringing the current amount to over $579,000. For those who donated more than $25,000, sub-named bursaries were created under the Fund. This fund was initiated by Mr Yeo Keng Joon, immediate past president of NUSBSAA.

At the Appreciation Ceremony, Professor Bernard Yeung, Dean of NUS Business School, thanked the donors for making it possible for deserving students to enjoy a top quality education at the NUS Business School.

The students, too, are grateful for the shot in the arm from the alumni. “This bursary will help me defray the rising cost of living… because my family’s income is not enough to cover expenses,” said Ho Chuan Ming, one of the student recipients, who is in his second year of studies.

Making the right connections at MBA recruitment fair

The NUS MBA Career Connexions on 19 September is one of the anchor recruitment events organized by the Career Services Office to harness recruiters from various industries to reach out to NUS MBA students. About 120 MBA students attended the event at Suntec Convention Centre. This is an excellent platform for both recruiters and students to network and interact face-to-face.

In her welcome speech, the Vice-Dean of Graduate Studies, Professor Susanna Leong shared with recruiters some of the latest initiatives at NUS Business School including the inaugural launch of the S3 Asia MBA program in August 2008 of which students get to study in three dynamic cities – Shanghai, Seoul and Singapore.

Organisations such as Ernst & Young and Freight Links Express commented that the diversity of work experience is one of the important factors that they look for in their selection criteria and they are glad to have this platform to interact with such a diverse group of MBA candidates.

Some organisations such as 3M and Emerson also took the opportunity to shortlist and interview selected candidates.

Getting ready for the real world at BBA recruitment fair

A similar recruitment networking event named “Relazione” was also organized for the business undergraduates.

Over high tea, 142 BBAs interacted with 66 recruiters from a diverse range of industries including consulting, finance, FMCG, High Tech, Logistics and Real Estate.

“The recruitment event gave me access to potential candidates for several positions I am hiring for.” quipped Ms Jeslyn Yong, Central Global Recruiter at Bloomberg.


The students had a fruitful afternoon too. “Relazione gave us an excellent opportunity to mingle with relevant people from the different organizations to understand what they seek from us,” said Hasvany Kumanan, a final year BBA student graduating in May 2009.

Working together on sustainable development

The Centre for Social Entrepreneurship and Philanthropy co-hosted a forum on sustainable development with the National Volunteer & Philanthropy Centre (NVPC) and UBS AG on 15 September at the Kent Ridge Guild House.

Held in conjunction with the Global UBS Philanthropy Forum in Singapore, it covered topics such as China-Singapore Tianjin Eco-city project, philanthropic strategies and the environment and the role of philanthropy in marine conservation. Presentations on various topics were delivered by representatives from the Ministry of National Development, National Geographic, Nand & Jeet Khemka Foundation (India), and the PEW Charitable Trusts (United States).

“In a world faced with challenges ranging from extreme poverty to global warming and civil conflicts, UBS recognises the vital roles played by entrepreneurs and philanthropists in providing risk capital for social development,” said Raoul Weil, Chairman and Chief Executive Officer of Global Wealth Management and Business Banking of UBS AG, in the press release on the Global UBS Philanthropy Forum.

Approximately 140 participants, made up of civil servants, representatives from environment-related non-profit organizations, academics, faculty, staff and students packed the hall at the Guild House.

There was also a lively discussion between the speakers and the members of the audience on the various topics presented.

Speaking on role of Islam in Indonesia's politics

The NUS Business School had the honour of co-hosting with the Lee Kuan Yew School of Public Policy (LKYSPP), a rare public lecture by a distinguished speaker on 9 September at the NUS Bukit Timah Campus.

Dr. H. M. Hidayat Nur Wahid, the Chairman of the People’s Consultative Assembly of the Republic of Indonesia, delivered an insightful talk on “The future of political Islam in Indonesia and its contribution to regional stability”, to a full house of civil servants, ambassadors, academia, members of the public and students.

At the talk, Dr Wahid shared his views on how Islam had always been a pillar in the national stability of Indonesia, and how it would continue to influence politics in the country.

The room was filled to the brim with some participants standing along the aisles and some even sitting on the floor. When it was time for Questions and Answer (Q&A) session, hands went up spontaneously as participants competed for the moderator’s attention to have their questions answered. The Q&A session was moderated by Professor Kishore Mahbubani, Dean of LKYSPP.

As part of the closing speech, Professor Bernard Yeung, Dean of NUS Business School, thanked Dr Wahid for providing insights into Islam in ASEAN region. Professor Yeung also extended his appreciation to Dr Tahir for facilitating the invitation to Dr Wahid to speak. Dr Tahir is the Chairman of the Mayapada Group in Indonesia and the International Resource Panel (Indonesia Chapter) at the NUS Business School.

NUS MBA goes to Latin America

The NUS MBA Marketing Team continued its global outreach efforts in September. Mr Richard Rubnan Que, Marketing and Admissions Manager of The NUS MBA, visited 3 diverse cities – Sao Paulo, Rio de Janeiro (Brazil) and Santiago (Chile) – from 10 to 12 September, to promote the NUS MBA through roadshows there.

Mr Que quipped, “It was a fruitful visit to these cities as there is a growing interest now for a real pan-Asian MBA programme. Brazilians, especially, were aware on the global impact and development of Asia in today’s economics and politics; hence, were keen on pursuing an MBA in Singapore.”

Besides Brazil and Chile, The NUS MBA Marketing Team’s series of roadshows would also cover the USA, Germany, Manila, Vietnam, China, etc – aiming to attract an even more diverse and higher quality cohort of students for its MBA and Double Degree MBA programmes.

Saw Centre host finance-related talks

With a common goal to develop Singapore as a capital financial hub, Saw Centre for Financial Studies (Saw Centre) teamed up with the Institute of Banking and Finance (IBF) to organise the series of three finance-related talks in August and September 2008.

These talks centered on the Investment Banking and Securities Operations industry (27 August), Fund Administration portfolio and prospects (10 September) and Risk Management and Insurance Industry (15 September).

Held at various venues in NUS Business School, these talks hosted an average of about 100 students per session from various faculties and specialisations.

Speakers were invited from ACI Singapore, Mizuho Corporate Bank, JP Morgan Chase, Franklin Templeton Investments, BNP Paribas Securities Services, Customs House Singapore, Lloyd’s of London (Asia) and the Federal Insurance Company. Each talk culminated in an exciting panel discussion with questions about Islamic Finance, banking support for the farming industries, REITS Fund Management and Administration as well as career prospects of the little known Risk Management and Insurance Industry.

In addition to these talks, Chart Nexus Technical Analysis workshop on “Cracking the Stock Market Code” also made a popular comeback. Held on 24 September, forty-nine students downloaded the ChartNexus software and were taught on various tools to recognize stock trends and patterns. Using these technical analysis techniques, they learnt to evaluate the performance and forecast of a stock.

Those interested in attending future talks by the Saw Centre can find out more from its website.

New Academic Directors for MBA Programmes

The following two new academic directors were appointed for the S³ Asia MBA programme and NUS MBA Double Degree programme with Peking University respectively:

S³ ASIA MBA PROGRAMME DOUBLE DEGREE WITH PEKING UNIVERSITY PROGRAMME
 
Assoc Prof
Sum Chee Chuong
  Assoc Prof
Brian Hwarng

Associate Professor Sum Chee Chuong would serve as the academic director for the S³ Asia MBA programme, a collaboration between NUS Business School, School of Management (Fudan University) and Korea University Business School.

Associate Professor Brian Hwarng will serve as academic director for NUS MBA Double Degree programme with Peking University. Assoc Prof Susanna Leong has been running this programme since July 2006, in addition to being the Vice Dean for the graduate office.

Both appointments took effect from 15 Sept 2008.

Recognising teaching excellence

Graduating MBA students nominated the following faculty for their teaching excellence and dedication:

THE NUS MBA PROGRAMME ASIA-PACIFIC EXECUTIVE MBA PROGRAMME (ENGLISH)
 
Professor Sugato Bhattacharyya (Finance)   Associate Professor Chu Singfat (Decisions Sciences)
     
ASIA-PACIFIC EXECUTIVE MBA PROGRAMME (CHINESE)
 
  UCLA - NUS EXECUTIVE MBA PROGRAMME (INTAKE 4)
 
Associate Professor
Lan Luh Luh (Business Policy)
  Professor Ivan Png
(Business Policy)

The students' choices reflected their admiration of the faculty for the passion, devotion and strong scholarly knowledge.

Winners for excellence in research

Winners for the Department Outstanding Researcher Award 2008/2009
1) Assistant Professor Chu Junhong (Department of Marketing)
2) Assistant Professor Sai Yayavaram (Department of Business Policy)

Winners for the Faculty Outstanding Researcher Award 2008/2009
1) Associate ProfessorAnand Srinivasan (Department of Finance)

Names under Recognition List (for faculty who has won the awards before in the past 3 years)
1) Dr Melvyn Sim (Department of Decision Science)
2) Assistant Professor Wu Yaozhong (Department of Decision Science)
3) Associate Professor Chung Chi-Nien (Department of Management & Organisation)

Nominees for Outstanding Researcher Award
(University-level)
1) Dr Melvyn Sim (Department of Decision Science)
2) Associate Professor Anand Srinivasan (Department of Finance)

Nominees for Young Researcher Award
(University-level)
1) Dr Melvyn Sim (Department of Decision Science)
2) Associate Professor Anand Srinivasan (Department of Finance)

Honouring faculty and staff for service excellence

The following faculty and staff were honoured for their service to the School, at the School Meeting on 29 August:

10 – YEAR AWARD  
ACADEMIC STAFF
Dr Melvyn Sim, Decision Sciences
Dr Yeo Wee Yong, Finance
 
   

ADMIN & NON-ACADEMIC STAFF
Mr Aw Beng Teck, GANO
Mdm Kwok Siew Geok, Dean’s Office
Mdm Jothiletchumy Shanmugam, Department of Marketing

 
   
15 – YEAR AWARD  
ACADEMIC STAFF
A/P Alfred Loh
A/P Brian Hwarng
A/P Lim Wei Shi
A/P Wirtz Jochen

Accounting
Decision Sciences
Marketing
Marketing
   
ADMIN & NON-ACADEMIC STAFF
Mr Azmi Salleh
Mdm Azlina Kasmari
Ms Wang Kim Fong

Dean’s Office
Dean’s Office
Marketing
   
20 – YEAR AWARD  
ACADEMIC STAFF
A/P Thompson Teo
A/P Vivien Lim

Decision Sciences
Management & Organisation
   
NON-ACADEMIC STAFF
Ms Callie Toh
Mr Mohammad Fairuz Ali

Finance
Dean’s Office (AV Unit)
   
25 – YEAR AWARD  
ACADEMIC STAFF
A/P Sum Chee Chuong
Dr William Koh
A/P Prem Shamdasani

Decision Sciences
Management & Organisation
Marketing
   
NON-ACADEMIC STAFF
Mdm Saraswathy Thiruchelvam
Mdm Rohaiyah Sarmin
Mdm Indirani Muthu

Dean’s Office
Dean’s Office
Dean’s Office
   
30 – YEAR AWARD  
ACADEMIC STAFF
A/P Trevor Wilkins

Accounting
   
NON-ACADEMIC STAFF
Mdm Ang-Ng Bee Eng

OEE

Bonding with fellow colleagues at Team Challenge 2008

Administrative staff from the School had the annual team-building session on 31 October. With “forging bonds, strengthening ties” as the overall theme, the one-day team-building session was held at Furama Riverfront Hotel.

The activities for the first-half of the day were held indoors, with the Dean, Deputy-Dean and Vice-Deans joining in the fun. The various games tested the participants' wits, speed and team work in solving problems. Participants had the opportunity to work with different people, as they were placed in different groups throughout the day.

The main activity for the afternoon was a treasure-hunt, with teams having to identify tourist attractions in the vicinity of the Furama Riverfront Hotel. Teams braved the hot afternoon sun to race to various checkpoints. Many took photos along the way to record the rare moments of outdoor adventure with fellow colleagues.

It was a great opportunity for everyone to know each other better, especially through fun and interactive games. Facilitators rounded up by concluding on a high note – that everyone played a part in making a team succeed.

Student News
Theme park in the clouds: a winning idea

NUS Business School's BBA students won over the panel of acclaimed judges with their highly innovative ideas, strategic thinking and effective presentations at Citi International Case Competition 2008.

The team received the second prize from Mr Thomas Mehrmann, Chief Executive of Ocean Park. Calling themselves “Team Horizon”, Peggy Teo, Tobias Chan, Candice Lim and Ng Hong Kiat gamely took on the challenge of conducting in-depth analysis and providing strategic recommendations to Ocean Park Corporation (Ocean Park), Hong Kong’s home-grown theme park.

Within the 26-hour time limit, Team Horizon brainstormed, conceptualised and proposed a plan to install tourist attractions such as a wild cat enclosure, bungee jump station, cable car rides, dancing water fountain, restaurants and retail outlets on Tai Shue Wan, an open hilly area within the Ocean Park compound.

While many other teams chose to utilise the coastline and the area at the base of the hill, Team Horizon wanted to offer a range of exciting activities up on the hillside that people of all ages could engage in. Aptly named “The Horizon”, it would give visitors a chance to connect with nature.

Held in Hong Kong from 20 to 23 October, this prestigious Citi International Case Competition was co-organised by Citi and the Hong Kong University of Science and Technology’s School of Business and Management (HKUST).

A test of general knowledge at Tata Crucible

Bai Zhiyong and Tay Shijia won third prize at Tata Crucible, a game show- style quiz that required speed and a knowledge of business history. This competition on 24 October at Suntec City drew participants from various tertiary institutions in Singapore, and was organised by the Tata Group, a business conglomerate in India.

Examples of questions included the following: “Which company was originally known as Finnish Rubber Works?”; “Which toy company got its name from the Latin translation of "I put together?”; and “Which vacation resort was started in 1950 by a former Belgian water polo
champion, Gerard Blitz, on the Spanish island of Mallorca?”

“It was really difficult to prepare for the quiz, because anything could have been asked,” remarked Zhiyong on the unpredictability of the questions.

Zhiyong and Shijia won $2,500 after defeating more than 90 teams to get into the Finals. Zhiyong mentioned that he would use his share of the prize money to go for an exchange programme at New York University.

“As for me, I'll be treating my friends to a good meal,” Shijia said.

Launchpad to international stardom

The annual NUS Business School Internal Case Competition attracted a record number of 480 NUS business undergraduates this year, a contrast to just 80 participants four years ago.

Called BizInC 2008, this year’s competition was organised in collaboration with UBS. It was also a platform for students to showcase their business skills in analysing business cases and devising business proposals, so as to have a chance to be picked for an international case competition eventually.

Having been shortlisted for Semi-Finals just 48 hours before the Finals, Teams Kaleidoscope, Parfait, YAS and Enigma survived the stiff competition to battle it out at the Finals on the afternoon of 13 September at NUS Business School’s Hon Sui Sen Auditorium. All teams in the Finals were required to propose growth strategies for Hong Kong Disneyland and convince the judges of their recommendations.

Team Parfait clinched the top prize of $1,000. Team member Soon Qishan remarked that the team’s logical presentation could have been the winning factor. Team Kaleidoscope took the second prize with its team member Tobias Chen winning the “Best Speaker” award.

The judges comprised faculty members from NUS Business School, Mr Yam Siu Lun, Associate Director of UBS and an alumnus of NUS Business School, and Mr Melvin Kwek, Head of Business Management, UBS.

Research competition for local undergraduates

The preliminary round of the Second CFA Singapore- University Investment Research Competition was held on the 27 September. This annual competition aims to promote professional investment research among university students in Singapore.

Besides the NUS students, undergraduate students from NTU, SMU and UniSIM took part. Sixteen teams participated in this preliminary round, and two top teams from each university would be competiting at the Finals, to be held on 13 December. The company selected for analysis was Healthway Medical Corp Ltd.

The judges for the competition were Mr. Tolmas Wong, Board Member-CFA Singapore; Mr. Th’ng Beng Hui, Secretariat Director- CFA Singapore; Dr. Lam Swee Sum and Dr. Low Chee Kiat.

Members of the two teams which will be representing NUS Business School at the Finals are as follows:

First team:
Bai Zhiyong; Goh Khee Hong; Toh Yongrui; Woo Sharon and Yew Colin.

Runer-up team:
Huynh Tran Vy; Liew Chin Cheak; Peng Xinxia and Zhou Ruting Justin.

A club to create social impact

The MBA Social Impact Club was launched on 15 October, with Ms Vernon Kang, the CEO of the Singapore Heart Foundation, gracing the opening ceremony. Adjunct Associate Professor Bob Fleming and Associate Professor were also present.

The Club aims to provide members with hands-on experience in social responsibility and platform to collaborate with thought-leaders in the filed of social responsibility.

The club has thus created partnerships with global and local organisations, and with other business schools, to carry out activities in line with its objectives.

Besides placing members community projects, the club also plans to host four annual events, on the themes of Health, Environment, Education and Sports. Started by a core committee of six members (Debesh, Kashif, Kathrin, Vikram, Vivian and Suraj), the club has now grown to a strength of 50.

International flavours and taste

NUS MBA students organised the annual International Day on 21 September. Shilpa Marodia, Director of Student Activities of the MBA Club, led the organising team to showcase costumes from various countries and numerous performances from countries such as China, India, France, Pakistan, Myanmar and Korea.

Shilpa recalled her first experience of the International Day in the previous year, “I attended last year’s “International Day” without much expectation. But to my surprise, the night turned out to be one of the most memorable times in NUS.”

She was in the thick of the activities this year, with the event featuring food from various countries as well.

“It is a pity I may not be here next year to enjoy this celebratory mood again,” she lamented, as she was due to graduate soon.

Batting for glory

The semi-annual table-tennis tournament for MBA students was held on 6 September.

There were 6 individuals competing in the Women's Singles, 21 individuals in Men's Singles, 6 and 7 groups respectively in the Mixed and Men's Doubles.

Held in MPSH2 in the SRC, the tournament comprising knock-out matches and Round Robins last for about 6 hours as the participants battled for the winning titles.

The winners are as follows:

Women's Singles
Champion : Lin Jun
1st Runner-up : Swanzel Rautel
Men's Single's Champion : Eesh Mengi
1st Runner-up : Kuruvilla Alexander
Mixed Doubles Champion : Lin Jun & Yao Wei
1st Runner-up : Dhivya Ranganathan & Kashif Alam
Men's Doubles Champion : Suraj Subramaniam & Lim Wei Song
1st Runner-up : Eesh Mengi & Jaimin Shah

Alumni News
Pioneers recall student life in 1960s

Lectures on the lawn, “bicycle theory of management” and separation from Malaysia: these were some of the things that the alumni of the first BBA batch recalled at the reunion on 31 October.

Held at Oei Tiong Ham Building of the Bukit Timah Campus, the reunion brought back fond memories for these pioneering BBA graduates, as they sang, ate and mingled with one another.

Meeting 40 years after their graduation was indeed a nostalgic experience for the 17 alumni who fondly recalled the days of youthful rebellion at the then-University of Singapore. Led by the then-Acting Head, the late Dr Andrew H Zecha, the newly set up Department of Business Administration in 1965 had 21 students, with just one girl among them.

Back then, getting into a University was a rare privilege as places were limited. In contrast, almost 700 students enrol every year in the BBA course now. Being in a small cohort of students offered another kind of privilege for these pioneers. “Classes were small... and our professors were so close... we were like family,” Dr Dr Mohamed Sultan enthused with a sense of pride. He is now semi-retired, and sits on the Board of Melorita as the Chairman.

Professor Bernard Yeung, Dean of NUS Business School, congratulated these pioneers at the reunion for their many achievements over the 40 years. He invited them to keep in touch, “I hope… that you drop by and tell us how we are doing.”

Alumni Summit in Jakarta

NUS Business School organised the Alumni Summit in Jakarta on 26 October. The programme for the day started with a lunch with key appointment holders of the English and Mandarin Alumni, Jakarta Chapters.

Held at Shangri-la Jakarta, the programme continued with two concurrent seminars: one in English and another in Mandarin. Participants packed the ballrooms where the seminars were held, with some of them having travelled from other parts of Indonesia.

At another ballroom in Shangri-la Jakarta, there were information sessions on The NUS MBA and APEX MBA programmes.

Professor Bernard Yeung, Dean of NUS Business School, hosted the dinner for the alumni of Jakarta Chapters in the evening. It was a good opportunity for Professor Yeung to get to know the alumni and vice versa.

The installation ceremony for the new committees of the English and Mandarin Alumni of Jakarta Chapters was also held in conjunction with the dinner.

The new Presidents of the Committees are as follows:
- Mandarin Alumni President: Mr Dharma Surya (APEX-C alumnus)
- English Alumni President: Mr Junius Lee (MSc(Mgmt) alumnus)

Training volunteers to volunteer

Thirty-nine participants of the third run of the YMCA-NUS Business School Volunteer Service Management Programme (VSMP) received their certificates at the Commencement Ceremony that was held at the NUS University Hall on 29 August.

These participants of VSMP were also participants of the Citibank – YMCA Youth for Causes, a social entrepreneurship programme for youths. Most of them were students, with more than 90 percent of them aged between 15 and 20 years old.

Associate Professor Albert Teo, the Programme’s director at NUS Business School, commended the volunteer-facilitators from the NUS Business School Alumni Association, whom he described as having “full of enthusiasm”. He praised them for their dedication, as some of them had volunteered for up to 6 out of the 8 facilitating sessions in VSMP.

“I extend my heartiest congratulations… not just for completing this programme, but also because you chose to answer a noble call,” said Professor Bernard Yeung, Dean of NUS Business School, to the participants at the Commencement Ceremony.

Mr Eric Teng, President of YMCA of Singapore, and Mr Tay Puan Siong, Chairman of YMCA-NUS Business School Volunteer Service Management Programme, were also present to witness the graduation.

Bubbly fun at Oktoberfest

Approximately 130 members of the alumni, faculty, student body and staff gathered together at Brotzeit German Bier Bar & Restaurant, Vivocity on the 16 October.

The event, which was organized by MBA Alumni-NUS and MBA Office with support from NUS Global Alumni Network Office (GANO), featured Bavarian cuisine with a special Oktoberfest platter.

The networking evening was an annual affair alumni looked forward to and served to provide yet another platform for the alumni to keep in touch with one another and the school. Ms Chua Nan Sze (IMBA 2005), Director of Graduate Studies and Associate Professor Prem Shamdasani, Academic Director of APEX MBA Program (English) were among those present to engage the alumni.

“It’s my first time celebrating Oktoberfest in Singapore,” shared Dr Sung Do Song (APEX-E MBA 2007), Director of Agro Genesis Pte Ltd. “I used to celebrate it in Germany as I used to work there. Although the atmosphere here is different, the food and the beer are just as delicious.”

The highlight of the evening was when live band ‘Anton & die Lustigen’ took to centre stage where alumni, faculty, students and staff all joined in the singing.

Giving hope to school-children in Suichuan

Five hundred primary school children in Suichuan County of Jiangxi Province in China can now attend school with peace of mind at a brand new 4-storey brick- structured building, thanks to the generous donation of 20 alumni and friends of the NUS Business School Southern China Alumni Network (SCAN) (新加坡国立大学管理学院华南校友会).

The NUS Shatian Hope Primary School was officially opened on 19 September 2008, with the idea of rebuilding the School was conceived since September 2007.

The larger school compound now enables the school to expand its teaching capacity to accommodate 500 students for the domestic population of 6,000 in Suichuan county and other nearby villages. The school is now more accessible and better equipped with water and electricity supply. The new school building also includes better teaching facilities, such bigger and brighter classrooms equipped with multimedia facilities, a common reading room for the teaching staff and students, as well as a common staff room with IT facilities.

SCAN had donated RMB300,000 (S$63,000) to co-fund the cost of the new building and installation of utility and other teaching facilities, which totalled about RMB800,000. The remaining amount is funded by the local government.

Besides the Hope School in Suichuan County, the NUS Business School alumni are also looking at establishing a few other schools in China, like Sichuan province, Kelamayi County in Xinjiang province and in Hunan province.

Getting together after 15 years

The BBA Class of 1993 met up for the first time in 15 years at the NUSS Suntec City Guild House on 17 September. Twenty-five alumni attended the event, which was organised by the Global Alumni Network Office (GANO).

Many of the alumni recalled special memories of their time in the University, such as having an equal number of male and female students in the batch for the very first time in the history of NUS Business School.

Mr Tan, who was President of the Biz-Ad Club from 1991 to 1992, expressed his excitement to catch up with his ex-classmates and relive the good old days. During his address, he expressed how he hopes to meet up with his friends every five years and challenged all alumni present to bring along five other classmates at the next reunion.

Associate Professor Quek Ser Aik, Vice Dean of Undergraduate Studies, took the opportunity to update the alumni on developments in NUS Business School and urged the alumni’s continual support to the school.

He also encouraged the alumni to stay connected through the University’s alumni portal or through other popular social networking websites such as Facebook.

Thanking champions of the alumni family

About 120 alumni, their spouses and students were treated to a hero’s welcome at Villa Seafood Galleria on 16 September. The special dinner was organised to honour office bearers and alumni who made contributions to the School and their respective alumni associations.

Present that evening were office bearers and members of NUS Business School Alumni Association (NUSBSA), the MBA Alumni-NUS and NUS Business School Mandarin Alumni. Professor Bernard Yeung, Dean of NUS Business School; Professor Kulwant Singh, Deputy Dean; Associate Professor Quek Ser Aik, Vice Dean of Undergraduate Studies; and Associate Professor Prem Shamdasani, Academic Director of APEX-E MBA Program also attended the event.
Certificates, medals and plaques were presented to alumni who took on or were currently holding positions in the respective associations.

Apart from the alumni, representatives of the Alumni Relations Team (ART) from the MBA and Bizad Clubs were also given recognition for their work in connecting the alumni with the current students in the BBA and MBA programs.

Fine-tuning Corporate Governance in SMEs

About 120 alumni and members of the public attended the mandarin seminar jointly organized by the NUS Business School Mandarin Alumni, Asia-Pacific Executive MBA (Chinese) Programme Office and the Office of Executive Education.

Held on 25 September at the Swissotel Merchant Court Hotel, this seminar was part of “Management Seminar Series for Entrepreneurs”.

Three distinguished NUS Business School alumni shared their experiences and observations on the problems of management and corporate governance faced by listed companies and small and medium-sized enterprises (SMEs).

Professor Bernard Yeung, Dean of NUS Business School, opened the dialogue and set the stage for Mr Thomas Chua (Executive Education 1984), Managing Director of Teck Wah Groups, Mr Wang Jian Bing (APEX-C MBA 1998), Founder and CEO of Cristofori Music School, as well as Mr Lin Chin Fei (MBA 1994), Director of Fei Yue Family Services. Associate Professor Lan Luh Luh, Assistant Dean of Undergraduate Studies, chaired the panel discussions.

The seminar was well received by its audience. Ms Chang Chun Yuan (APEX-E MBA 2006) expressed her satisfaction: “The speakers were entertaining. The contents of their speeches were relevant. This event is of a high caliber.”

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