Tag: China



The Executive MBA International Residency is often the student favorite of the program’s four required residencies. In between once-in-a-lifetime visits to historic sites in Shanghai and Beijing, EMBA students meet with program alumni and business leaders, exploring China’s unique economy, markets, and global leadership.

EMBA 49 recently returned from the International Management Residency—and if these photos from EMBA Student Services Manager Cory Barron is any indication, it was an exciting experience.

Monday: Facing strategic challenges

After a day of sightseeing at The Great Wall and Forbidden City, students buckled down for business on Monday. They kicked off the residency with site visits to Nestlé’s R&D Center and Xiaozhu.com, the Chinese Airbnb.

After a tour of Nestlé’s R&D Center, Stanford Lin, Vice President & Head of Strategy and Business Development for Nestlé-China, presented EMBA 49 with a strategy challenge. Teams were asked to develop a product to address complex strategic challenges while navigating global, regional, and industry considerations—within a 30-minute time frame.

Terrell Jones presents his thoughts on the team’s marketing strategy, while team members Mehul Gandhi and Matt Reasor listen. 

Melinda Chu explains her team’s product concept under the scrutiny of Nestlé’s Stanford Lin, VP & Head of Strategy & Business Development, and Roberto Reniero, Head of R&D, Nestlé China.

 

Next on the agenda was Xiaozhu.com. Founded in 2012, the Chinese version of Airbnb has expanded to branches in 13 cities all over the country, with house sources covering more than 130 domestic cities.

Students learned about the difficulties Xiaozhu initially faced in establishing a sharing culture in China. However, Xiaozhu.com CEO Kelvin Chen says the company is now adding 1,500 new listings per day.

Xiaozhu translates to Piglet. Piglet is a sign of a happy home.

Panlan Li shows EMBA 49 the floor of coders building Xiaozhu. 

 

Tuesday: Taking in Shanghai

EMBA 49 took Tuesday to travel (via high-speed train) from Beijing to Shanghai for the rest of the week’s activities. After arriving in Shanghai, the group took in Shanghai’s skyline on a dinner cruise of the Huangpu River.

Jared Ogden passes the time crocheting while speeding south on the train. He says he learned the skill while trapped by a storm in Alaska, where he had plenty of time to learn a new skill. 

A closer look at Jared’s quality craftsmanship.

 

EMBA 49 cruising on the Huangpu River, which separates the new, glitzy Shanghai Financial District from the older, European architecture of the Bund area.

 

Wednesday: Exploring consumer preferences & entrepreneurship

With a few site visits under their belt, EMBA 49 was ready to delve deeper into China’s economy. Speakers from Weber Shandwick, McKinsey & Co., Sigmatex, and AmCham covered a myriad of topics, from China’s entrepreneurial digital revolution to Chinese consumers and the regional economy.

Later, students put their negotiations skills to the test with a visit to the Shanghai Fabric Market.

Darren Burns, President of Weber Shandwick–China, describes how his company’s PR and advertising campaigns are reaching the middle-class Chinese consumer online. Using live streaming is a critical part of their strategy for their Western clients trying to join the conversation in China.

Mehul Gandhi looks pleased when his negotiations calculate to an agreeable price at the Shanghai Fabric Market.

John Ortegon negotiates a better price on a new scarf while at the fabric market.

 

Thursday: Site visit to ZTE Corp. & business panel

EMBA 49 kicked off Thursday with a site visit to ZTE Corp.’s R&D Center. ZTE is the global leader in telecommunications and information technology, achieving an annual revenue of more than $15.3 billion in 2016.

Since 2010, ZTE has been ranked among the world’s Top 3 for patent applications under the Patent Cooperation Treaty, so it seemed a natural starting point for Executive MBAs to learn more about corporate innovation.

EMBA received a warm welcome from the staff at the ZTE R&D Center.

EMBA 49 looking sharp in their ZTE lab coats.

The cohort was then treated to a panel discussion featuring leaders from Novus Intl., Dun and Bradstreet, and Qingdao ADR Axles China Manufacturing Co.—two of whom are alumni (Chiara Radrizzani and Jesse Huang, both EMBA Shanghai Class 14 graduates).

At Thursday afternoon’s executive round table, Flemming Mahs, Managing Director of Asia Pacific, Novus Intl.; Huang Jiexi, Privacy and Compliance Director for Asia, Dun and Bradstreet; and Chiara Radrizzani, Asia Pacific CEO, ADR Group, share with EMBA 49 the cultural intricacies of doing business in China. 

 

Friday and Saturday: Field Studies & Fudan University

EMBA teams spent Friday working on their marketing research projects, breaking out into groups for health care and consumer field study.

The students also got a taste of life as an Executive MBA-Shanghai student, sitting in on a class with Finance Prof. Todd Milbourn and exploring the campus at Fudan University, Olin’s global partner in the Executive MBA-Shanghai degree program.

Friday’s sunrise in Shanghai.


Learn more about the curriculum and residency opportunities in Olin’s Executive MBA program.

Guest blogger: Cory Barron, Student Services Manager, EMBA team




Olin Business School’s Executive MBA program in partnership with Fudan University in China is number seven in the 2017 Financial Times’ annual ranking of the world’s top 100 EMBA programs.This survey marks the sixth consecutive year that the Olin-Fudan EMBA has been ranked in the FT’s top ten global programs.

Alumni of the Olin-Fudan program reported gains in the important areas of salary increase, career progress, and work experience. Olin-Fudan EMBA graduates are among the top earners of the schools in the ranking with an average salary of $360,250, the third highest globally.

“Olin’s partnership with Fudan University pioneered the executive MBA in China in 2002 and has consistently been a leader,” said Mark Taylor, dean of Olin Business School. “The large number of top American and European business schools that have followed us to Asia in recent years are a testament to our successful program and our outstanding alumni who have propelled their global careers to new heights after earning the Olin-Fudan EMBA degree.”

The Financial Times ranking is based on two surveys: one of business schools and one of their alumni who graduated in 2014. Criteria in 16 categories are weighted for the overall ranking. For more on the FT ranking methodology and details of this year’s survey, link to the Oct. 16 edition of the FT.




David R. Meyer, Senior Lecturer in Management at Olin, spent a week in Beijing and Xi’an, China this summer lecturing on FinTech, global finance, and China’s One Belt and One Road (OBOR)  initiative. The OBOR program is estimated to include $5 trillion in infrastructure spending across 60-plus countries in Asia, the Middle East, Europe, and Africa, according to an article on Quartz written by journalist Zheping Huang. “The “One Belt” part of it refers to the Silk Road Economic Belt,” explains Huang, “while the ‘One Road’ refers to the 21st-century Maritime Silk Road. Jointly, they’re meant to be a revival of the ancient Silk Road trading routes.”

Meyer shared this summary of his talk on OBOR with the Olin blog:

China’s “One belt, one road” initiative has the potential to transform its relations to Asia, the Middle East, and Europe. The linkages are embodied in the Silk Road Economic Belt and New Maritime Silk Road. The initiative is aimed at internal Asian economic development, a process never significantly supported by the countries of Asia or by external actors, especially in Europe and North America.

The Asian Infrastructure Investment Bank (AIIB) is the financing vehicle for intergovernmental cooperation, thus serving as enabler of the development process. This seed money supplements even larger sums from Asian governments and private sector actors who will supply most of the capital. Key infrastructure components include railroads, telecommunications, and ports, all to be integrated by sea and by land.

Successful implementation of this initiative will accelerate Asian development and lead to greater internal Eurasian economic integration. Failure of the United States to participate in the AIIB, even as most important world economies are members of the bank, relegates the U.S. to a weak participant in this major global-economic transformation.

David Meyer’s lecture circuit in China this summer:

  • Lecture on “China’s “One belt, one road” initiative,” Capital Normal University, Beijing, China, July 31, 2017
  • Talk on “China as a leader in global FinTech,” FinTech’s Impact on the Real Estate Market in Chinese Financial Centers, American Chamber of Commerce in China, Beijing, China, August 1, 2017
  • Talk on “Hong Kong, Shanghai, and Beijing,” Jones Lang LaSalle, Beijing, China, August 1, 2017
  • Lecture on “China’s financial centers under global uncertainty,” Beijing Normal University, Beijing, China, August 3, 2017
  • Dinner with Washington University in St. Louis alumni, Beijing, China, August 3, 2017
  • Talk on “China’s ‘One belt, one road’ initiative: Impact on global financial networks,” Conference on “Silk Road and Urban Development in China and Beyond”, Shaanxi Normal University, Xi’an, China, August 5-6, 2017.



Learning in the Executive MBA program extends far beyond classroom walls—in this case, to the other side of the world. As part of the curriculum’s four required residencies, EMBA 48 traveled to Beijing this week for the first half of their International Management Residency, where they explore global economies, markets, and leadership.

Executive MBA Student Services Manager Cory Barron sends this update from the cohort’s first two days in China:


Day 1 | The Great Wall of China and The Forbidden City

Muted blue skies, ideal June temperatures, and a light crowd greeted EMBA 48 at the Great Wall of China. Many in the class expressed that they “never dreamed” of having the opportunity to visit this historical site. The 5,000 mile long wall delivered a morning of intense climbs to gorgeous vistas of the Chinese dragon snaking atop the mountain contours.

John Flath trudging up the Mutianyu section of the Great Wall of China on a gorgeous June morning.

Jerod Mickelson, Tyler King and David Messner quick stepping on the Great Wall during the EMBA 48 International Residency in China.

By mid-afternoon, EMBA 48 was exploring the vastness of the Forbidden City. Over 8,000 rooms housed, in addition to the royal family, the palace guards, eunuchs, and hundreds of concubines. Up until 1911, this was reclusive home of the Emperors of China for hundreds of years.

EMBA 48 joined other tourists walking the original block stone courtyards of the Forbidden City.

Neeti Kailas enjoys a break from the afternoon sun while listening to her guide’s explanation of the Chinese dynasties.

Day 2 | Challenges facing multinationals

After weaving through the morning traffic, EMBA 48 made it to the northwest reaches of Beijing to tour Beijing Foton Cummins Engine Co. This is the ground work for the business challenge discussion they would have with Miguel Kindler, Cummins-Beijing Plant Manager. After Miguel’s short briefing on the plant’s capacity and Cummins’ 40-year history in China, each study team was given a question with one common challenge facing multinationals entering the Chinese market. The teams were given 30 minutes to come up with a solution and then present that solution to the Miguel for his evaluation.

Dinesh Thotala adjusts his receiver prior to a tour of the Cummins motor plant in Beijing.

While David Willis listens and April Powell takes notes, Doug Jost shares his strategy for his team’s business challenge question.

Lauren Brown, David Messner, and Mellissa Jobe listen to Miguel Kindler, Cummins-Beijing Plant Manager, as he answers their questions about their team’s business challenge.

After Team 4’s victorious Cummins presentation, EMBA 48 traveled to Beijing’s Embassy District. Walking through the six inch thick doors of the outer walls of the United States Embassy, the EMBAs passed security before entering the grounds. A panel of three officers, representing some of the 21 government agencies housed at the Beijing Embassy, explained how they are serving United States business interests in China.


Stay tuned for more updates from EMBA 48’s International Management Residency in Beijing and China. Learn more about the curriculum and residency opportunities in Olin’s Executive MBA program. 

Guest blogger: Cory Barron, Student Services Manager, EMBA team




EMBA 45 students in China

Above: EMBA 45 students Jen Barton, Jared Hoover,  and Carson Pollastro watch as Logan Jones and Patrick Smith touch frozen, compressed CO2 harvested from the carbon capture process. 

EMBA students at power plant in China

EMBA 45 students Doug Fluchel and Carson Pollastro in the Shidongkou No. 2 Power Plant turpine room. Photo: Cory Barron

EMBA 45 explored fish markets, tea shops, power plants, and the Shanghai Stock Exchange trading floor during the group’s field study day in China. Eight teams fanned out around Shanghai with the assignment to visit three assigned markets, comparing and contrasting products, packaging, marketing, and store concepts.

Twelve 45s who work in the energy sector enjoyed a special tour of the Shindongkou No. 2 Power Plant north of Shanghai. This plant has a super-efficient carbon capture technology that was of high interest to the EMBAs.

On Saturday morning the teams presented their findings. Then, Lee Konczak led a discussion centered on the EMBAs impressions of business in China. After the morning session, everyone went shopping.

Guest blogger: Cory Barron, Student Services Manager, EMBA team


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