Dean's Message
Business issues beyond the bottom line

We count ourselves fortunate that NUS Business School has had a wonderful start to the year, and are hopeful this is a mere taste of better things to come. Our international reach continues to grow, our efforts and contributions have received recognition, and throughout all this we have been able to rededicate ourselves to fundamental principles of responsible corporate citizenship.

It is my great pleasure to share with you the good news of NUS Business School’s significant move up the Financial Times Global MBA rankings this year. We rocketed to 35th position this year with strong showing in many important areas such as career progression,placement success and international experience. We are also Singapore’s #1 MBA preferred by employers, according to the QS Global 200 Business Schools 2009 Employers' Choice Survey. We are dedicated to becoming an institution known for rigorous academia and international collaboration, and as such are greatly encouraged by these plaudits.

We congratulate Assoc Professor Andrew Delios and NUS Business graduate student, Ma Xufei on their prestigious win of the International Business Review (IBR) Best Paper of The Year Award, and NUS BBA double degree student Li Xiang on earning the title U.S. Grand Champion of J.P. Morgan Trade Up.

We welcome visiting faculty, exchange students, and returning students, who are a great asset to the intellectual vibrancy and cultural diversity of our school; but we also bid a fond farewell to an esteemed colleague, outgoing chairman of the NUS Business School Advisory Board Mr Hsuan Owyang.

NUS Business School recently hosted a public forum on sustainable development, and is privileged to be a partner in this year’s Singapore Corporate Awards. We hope to continue demonstrating our commitment to improve standards of corporate governance and to educate students about business issues beyond the bottom line.

I wish a happy and prosperous new year to you all. May we strive to better ourselves in the months to come.

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

School News
NUS Business shines in Asia, moves up global rankings

What a great way to start 2009! NUS Business School is growing from strength to strength, having received accolade after accolade since the beginning of the year.

Our most recent achievement came from the Financial Times Global MBA rankings 2009, where we leapt 46 spots to 35th place in 2009. We scored well in several areas, including 11th place for 'International Experience', 47th place for 'Career Progression' and 63rd place for 'Placement Success'.

Our EMBA programmes also scored a magnificent 20th place, placing us among the top 20 business schools in the world. We are the first and only Singaporean business school to be in the top 20 list in 2008. We were in the top 30 list in 2007.

NUS Business School is also proud to be Singapore’s #1 MBA preferred by employers worldwide according to the QS Global 200 Business Schools 2009 Employers' Choice Survey. We were ranked tops in Singapore and 3rd in Asia, after INSEAD and Melbourne Business School.

More details on the press releases here.

Book launches and recruitment take off at MBA Fair 2009

Visitors to the NUS MBA Fair at Hyatt Hotel Singapore on 17 January 2009 were treated to two exciting book launches – Financial Crisis 2008 and Flying High In A Competitive Industry.

Accompanying the launch of Financial Crisis 2008 was an insightful panel discussion moderated by editor Prof Ivan Png. The discussion focused on opportunities that can be gained from the crisis.

 

Panelists included Mr Debanjan Sen, NUS MBA Class of 2001, Senior Director, Regional Head of Human Resources, Société Genéralé Bank & Trust; Mr Lee Yow Fee, APEX-E Class of 2004, Managing Director of Investment Services - Asia, State Street Bank & Trust Company; and Mr Ong Seng Yeow, UCLA-NUS Executive MBA Class of 2009, Executive Director, Kim Eng Research Pte Ltd – all experienced corporate figures who were keen to share their knowledge.

To launch Flying High In A Competitive Industry, Assoc Prof Jochen Wirtz and Assoc Prof Nitin Pangarkar took a fresh approach with a talk on principles SIA used to maintain its competitive edge despite stiff competition, applying methods that were relevant beyond the aviation industry.

The fair saw more than 300 prospective students enquiring about the various MBA and Executive MBA programmes open for applications.

Catch some of the action here!

NUS Business hosts Korean counterparts

From 6—9 January 2009, NUS Business School held an executive MBA segment for Korea University Business School. Over 40 participants from engineering, education, manufacturing, and other industries found professional enrichment at the event.

The four days were packed with enlightening lectures delivered by NUS Business faculty members. In addition, top home-grown brands such as Singtel, Asia-Pacific Breweries and Singapore Airlines played host to the visiting Korean contingent, conducting special tours of their facilities. According to an enthusiastic participant, ‘the visits were a real eye-opener and helped me see how differently respective businesses operate, yet attain similar levels of success.’

Tribute to a legend

25 years of unfailing service won honours for Mr Hsuan Owyang, as former NUS Business School deans and alumni gathered at NUSS Kent Ridge Guild House on 11 December 2008 in tribute to the outgoing chairman of the NUS Business School Advisory Board.

In his opening address, Professor Bernard Yeung, Dean of NUS Business School, called Mr Owyang “a sharp, intelligent and insightful individual”, but also emphasised his humility. “Despite his many great achievements, he is poised and unassuming, always respectful to all around him,” Prof Yeung recounted.

Looking back at his term at NUS Business School, Mr Owyang felt his 25 years of service went by like 25 days. He explained, “I work with a group of wonderful people. And that makes work very interesting. Credit should go back to all the deans and faculty members.

Together, they lifted the School to a much higher level.”

The Financial Times recently ranked the NUS MBA top 20 in the world. Mr Owyang hailed this as the School’s “greatest achievement”. “I am very happy that after 25 years of work, we have seen something very tangible, something we can all be proud of,” he said.

On the school’s development after his departure, Mr Owyang set this challenge: “How do you make what is good even better? That is a very good question for the next generation.” Mr Owyang is set to retire in San Diego, USA, but will remain emeritus chairman and patron of the NUS Business School Advisory Board.

Photos of the dinner may be seen here.

Awards for exemplary corporate practices

NUS Business School is proud to be a partner at this year’s Singapore Corporate Awards. Established in 2005, the Singapore Corporate Awards showcase and honour SGX-listed companies and individuals who have raised Singapore's corporate governance and disclosure standards.

Prof Mak Yuen Teen, co-director of the Corporate Governance & Financial Reporting Centre (CGFRC), will work closely with the Institute of Certified Public Accountants of Singapore (ICPAS) to review the judging process and criteria for the Chief Financial Officer (CFO) of the Year awards. Prof Mak will be on the latter panel of judges, and will also chair the judging panel for the Investor Relations award.

 


Assoc Prof Ho Yew Kee will provide valuable additional input, and lead a team of students assisting in the short-listing of CFO nominees. The CGFRC will be involved in the screening and short-listing processes for both the CFO of the Year and the Best Investor Relations awards.

Faculty News
Business Prof’s book voted top 3 in 2008

The annual review by Boston Consulting Group journal strategy+business has listed Sony vs. Samsung: The Inside Story of the Electronics Giants, among the top 3 best business books of 2008. Author Professor Chang Sea-Jin joined NUS Business School on 1 January 2009 as a full professor with the Department of Business Policy, and was awarded the Provost's Chair.

The school congratulates Prof Chang on the glowing praise his book has garnered. Sony vs. Samsung depicts, in riveting detail, the vicissitudes in Sony and Samsung’s respective fortunes over the last decade, and the complex game of cooperation and competition played between the Japanese and Korean behemoths. The book’s unique approach to identifying how the companies' organisational processes and their executives' political behavior were inextricably linked to marketplace success was one of the reasons it earned a prime spot in the respected strategy+business review.

Accolades for outstanding research at 34th EIBA Annual Conference

The School is proud to commend Assoc Professor Andrew Delios and graduate student, Ma Xufei, for winning the International Business Review (IBR) Best Paper of The Year Award at the 34th European International Business Academy (EIBA) Annual Conference. Assoc Prof Delios and Ma were awarded €1000 for the paper deemed most potentially influential to the future of international business research in competition this year.

The conference was held in Estonia from 11 – 13 December 2008.

A warm welcome to visiting faculty

We were pleased to welcome the following faculty members who visited NUS Business School in the month of January:

a) Professor Edward Zajac, Lim Kim San Distinguished Visiting Professor from Kellogg School of Management, Northwestern University. He visited the Department of Business Policy from 5 – 15 January 2009.

b) Michael Frese, Visiting Scholar from University of Giessen, Germany. He visited the Department of Management & Organisation from 14 – 21 January 2009.

c) Associate Professor Remus Ilies from University of Michigan. He visited the Department of Management & Organisation from 31 January – 6 February 2009.

New faculty appointment

Professor Ivan Png has been appointed as the new Head of Department of Business Policy with effect from 1 January 2009.

Prof Png has spent considerable time at both NUS Business School and School of Computing with wide experience in the corporate world, and he will be a valuable asset to the team.

Student News
New year victory for virtual trader

NUS BBA double degree student Li Xiang has been declared the U.S. Grand Champion of J.P. Morgan Trade Up, an online trading game recently launched by J.P. Morgan. Li Xiang is a double degree student in Bioengineering and Business and is currently on exchange at University of Pennsylvania.

Trade Up is a competition open to freshmen, sophomores, juniors and first-year MBA students from universities across the world, where players buy and sell a range of securities, including commodities, global currencies and Exchange Traded Funds (ETFs) on a mock exchange.

Competing on behalf of their school against peers from across the globe, students build their portfolios and vie for weekly prizes awarded to the individual with the highest value portfolio.

As grand champion, Li Xiang has earned the privilege of getting his resume personally looked at by a J.P. Morgan recruiter, both for internship and employment opportunities. NUS Business School extends our wholehearted congratulations.

A fresh start at School—foreign exchange students welcomed

The NUS Business School organised a day full of activity to welcome its new foreign exchange students on 6 January 2009.

Introductory rounds to key personnel of the MBA programme were conducted. Assoc Prof Susana Leong, Vice-Dean of Graduate Studies; Lim Yue Wen, Director of Graduate Studies, and Celia Wu, Director of MBA Student Development Unit, were the noted few among others to be introduced.

These sessions definitely prepared the exchange students for an exciting semester ahead. But it was not just all work and no play. Students were taken on a city tour of Singapore in the afternoon, visiting attractions like Mount Faber, Kampong Glam, URA Gallery (where they got a bird’s eye view of Spore), Merlion (near Fullerton)

and bum boat ride along Spore River! It was certainly a vibrant initiation to their new home.

MBA luncheon welcomes students back to school

Over 100 MBA students gathered for a “Welcome Back to School” luncheon on 16 January 2009. An initiative by the MBA Student Development Office, these social luncheons open every new semester and provide opportunities for full and part-time students to mingle beyond the classroom.

At the start of the event, Deputy Dean Prof Kulwant Singh addressed the crowd with a serious but warm speech. He expressed the realities of the current economic recession, yet urged students to keep their chins up by staying relevant and keeping abreast of the latest global developments.

CNY celebrations usher in a prosperous New Year

Chinese New Year is a huge event across Asia, and, hardly surprisingly, Chinese MBA students in NUS Business School took the initiative to organise a celebration to usher in the Year of the Ox. Rumbling stomachs were satisfied by a splendid catered lunch, and guests were treated to an exciting line up of performances and activities.

More than 100 MBA staff, students and alumni, including Vice-Dean of Graduate Studies Assoc Prof Susanna Leong, joined in the festivities on 23 January 2009 at the University Cultural Centre.

MBA student council renamed for greater reach

There’s a new club in NUS Business School – at least with a brand new name. As of this semester, the former MBA Club is now known as the MBA Student Council.

Explained Srinivasan Varadhan, President of the MBA Student Council “We wanted to accommodate greater roles and add a professional feel to the group. We also hope to create a vibrant learning-oriented environment with interactive partnerships between students and faculty. Hence the move to rename the group was a natural decision."

Alumni News
New mission for NUS BSA

The NUS Business School Alumni (BSA) retreat was held in NUS Business School staff lounge on Saturday, 10 January 2009. It was a great opportunity for members to recast their mission, core values and guiding principles for the association.

Vision: “We will bring business minds together to shape tomorrow.”

Mission: “We serve as a bridging gap between the school and the community where students and alumni come together to generate and share ideas to help enhance the school’s reputation and development.”

Values to uphold: “Excellence, charity and caring, integrity, respect, accountability and humility.”

Dean Professor Bernard Yeung opened the session with his vision for the school. Prof Yeung’s key goal was for NUS Business School to become a first class research and training institute within the next decade.

Chairing the session was Mr Henry Kwok (BBA Hons 1969), Treasurer of the NUSBSA and Global Partner of Haines Center for Strategic Management. The retreat concluded with a closing speech by Peter Tay, President of NUSBSA, and some light refreshments.

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