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Newsletter Issue 17 HKUST Business School InternationalInternational MBAMBA LaunchedLaunched...page...page 88 IT Camps at HKUST...pages 4&5 K.C. Chan Named Dean of the School...page 2 From the Dean Contents From the Dean 1 News 2-6 •Forum Attracts Widespread Interest • K.C. Chan Takes Helm as New Dean • Rankings Updates • Accounting Faculty Tops List for Second Time •Foreign Applicants Boost MBA Figures •Ferber Award • Future Leaders Go High-tech • Enhancement Schemes Bear Fruit • School Welcomes New Corporate Advisors •Buy the Book •Walkathon Raises Funds for New Student Hostel It is my great honor to be appointed the Business Dean of the HKUST. Since China Feature 7-10 I’ve been with the School from its founding years, I have had the privilege of witnessing and contributing to its truly remarkable development. Research 11 In just a decade, the School has achieved worldwide recognition in many areas. • Adjusting Holland’s Vocational Model for Hong As this Newsletter has reported in its previous issues, the School has repeatedly Kong’s Occupational Environment been named as having the highest research productivity in the Asia-Pacific region and many of our programs, degree and non-degree alike, are also well known for their high quality. Viewpoints 12 These achievements could not have been realized without the on-going support • Blueprint for the Future from the university, faculty, students, staff, alumni, recruiters, our advisors and other friends from the academic and corporate communities. Students 13 As the new Dean of the School, I intend to make it a top priority to expand, in •Youth Ambassador both breadth and depth, the School’s connections with all its stakeholders. •Workshops Foster Innovation Thanks to my predecessor Prof. Yuk-Shee Chan, now the university’s vice- • Students Grab Top Prize president for academic affairs, who has led capably and with great vision as the founding dean, the School is well poised to achieve even higher stature in the Briefly 14-15 world’s academic stage and play a more significant role in the business • Consumer Research Draws Worldwide Attention community. • Accounting Symposium I look forward to your support and involvement in the process of fulfilling the • Harvard Business Review School’s potential in the future. •Teaching Excellence Cited Stay connected. • Meaningful Summer • Professor Elected to Prestigious Body • More Alumni Join Mentoring Program K.C. Chan People 16 Dean HKUST Business School Dean: K.C. Chan Associate Deans: Gary Biddle, Steve DeKrey, Kar Yan Tam Newsletter Editors: Elaine Chu, May Hung Sub-editor: Virginia Unkefer Writer: Michael Taylor Contact us: [email protected] Fax: (852) 2358 1467 Website: www.bm.ust.hk (c) 2002 by the School of Business and Management, the Hong Kong University of Science and Technology. All rights reserved. Photo on this page — courtesy of Robert Lendrum / HBL Network HKUST Business School 1 News Forum Attracts Widespread Interest he third and final session of the HKUST Forum on the Future provided insights into Hong Kong’s economic history and the T Development of Hong Kong attracted widespread interest with more government’s past and present position in relation to the economy, and than 220 people attending, including senior executives, policy decision- sparked a series of proposals, ranging from the need for a new mindset makers, journalists, and a number of HKUST students, alumni, faculty, for senior civil servants to the creation of a land board and a new policy and staff. on higher education. The session, entitled “The Government’s Role in the Economy”, was “With unemployment reaching a two-decade high of 7.4 percent, we’ve organized by the School on 12 July at the Island Shangri-La Hotel. It got to ask ourselves how HKUST can be more productive in society,” From left to right, Edward Chen, Wilfred Wong, Michael Enright, Francis Lui and Christine Loh. John Chan speaks at the luncheon. K.C. CHAN TAKES HELM Rankings Updates AS NEW DEAN he School and its EMBA program partner Kellogg TSchool of Management have scored well in recent he university has appointed K.C. Chan as of finance in 1994 and was rankings. TDean of the School effective 1 July 2002. associate dean from 1996 to 2000. He has been acting dean since In the summer, HKUST was ranked fourth in Asia Inc’s Dean Chan brings to the School years of 2001. rankings of Asian business schools. In the fall, its EMBA experience in academia and public services. He partner Kellogg School was ranked number one by both was an associate professor at Ohio State Chan is a member of the Hong the BusinessWeek’s best b-school survey and the University when he left for HKUST in 1993. Chan Kong Council for Academic Economist Intelligence Unit’s global MBA rankings. The became professor and head of the department Accreditation and a part-time Financial Times ranked Kellogg number eight in its member of the Central Policy Unit EMBA rankings. of the Hong Kong SAR Government. He is a former director of the Hong Kong Futures Exchange and is over the last decade. The School is in good currently president of the Asia Pacific Finance hands and I wish him well.” Association. “It’s an honor to be asked to lead such a fine Chan succeeds founding dean Yuk-Shee Chan school. Thanks to the efforts of our colleagues, who now serves as the university’s vice- students and alumni, the School has emerged president for academic affairs. “I am very happy as a leading management school in the Asia that K.C. has been appointed as dean of the Pacific region. I’m gratified to be a part of this business school,” Prof. Yuk-Shee Chan says. collaborative effort over the last decade, and I “He is more than a renowned finance scholar. look forward to a period of even greater Through the many administrative positions that achievement as we work together to take the he has held at the School, he has demonstrated School to new heights. Last but not least, I’d outstanding leadership abilities. In many ways, like to thank my predecessor, Yuk-Shee, as he K.C. has been instrumental in the rapid and left us an exciting, dynamic school with great successful development of the business school momentum,” says Dean Chan. 2 Newsletter Issue 17 Prof. Otto Lin, vice-president for research and development, said. Christine Loh Kung-wai, chief executive of Civic Exchange and Wilfred “Certainly it is a very important time in Hong Kong. The chief executive has Wong Ying-wai, vice-chairman, Shui On Holdings. Leonard Cheng, just entered his second term in office. The economy is bad. We are hoping professor of economics, HKUST, also took part in the panel discussions. at this time to identify the main issues and come up with several suggestions John Chan Cho-chak, chairman of the university council and KMB which the new government might be interested in knowing.” managing director, made a luncheon presentation. Francis Lui, professor of economics, was moderator. The session was opened with a welcome address by Dean K.C. Chan followed by an opening remark by HKUST President, Paul Chu. Speakers Session One, held on 29 May, was entitled “Positioning Hong Kong: included Edward Chen Kwan-yiu, president, Lingnan University; Michael Pearl River Delta and Beyond”. Session Two, held on 17 June, was Enright, professor of business administration, University of Hong Kong; entitled “Innovation and Entrepreneurship in Hong Kong”. From left to right, Francis Lui, Paul Bolton, vice-president for administration and business, Wilfred Wong, Leonard Cheng, Vincent Lo, university court member, Michael Enright, President Chu, John Chan, Christine Loh, Edward Chen, Dean Chan, and Yuk-Shee Chan, vice- president for academic affairs. Accounting Faculty Tops List for Second Time he accounting faculty has done it again. HKUST is one of only four universities worldwide The journals surveyed are the Journal of TFor the second straight year, HKUST’s to have consistently made the top ten list over Accounting Research (the University of faculty of accounting was ranked number one the last four years. Columbia, Pennsylvania, and Chicago); the Journal of Accounting and in terms of the number of research articles Stanford are the other three. Economics (the University of Rochester); the published in the world’s top five academic Accounting Review (the American Accounting “This latest achievement of our accounting journals. The achievement is just the latest in a Association); Contemporary Accounting faculty adds to a list of growing accolades of string of honors for the faculty of accounting, Research (the Canadian Academic Accounting the business school and the university as a the School, and the university as a whole. Association); and the Review of Accounting whole,” President Paul Ching-Wu Chu said. Studies (the University of California at Berkeley). “Even one paper published in a top academic “Hong Kong is the most important financial The accounting faculty at HKUST has also journal is a rewarding achievement for any center in this hemisphere, and it is befitting that published in the American Economic Review, faculty,” Dean K.C. Chan said. “Getting the top its research university excels in accounting the Journal of Economic Theory, the Journal of rank is a tribute to the collective effort of our research.” Finance, the Journal of Financial Economics, accounting department. Not only does the high Management Science, and other leading quality of the HKUST Business School receive journals. wide recognition, its individual disciplines also achieve high stature.” While research is important for its own sake, it can also enhance the quality of the teaching that Prof. Gary Biddle, associate dean and head of takes place at a university.

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