Cooperation and Competition among Business Schools 2008 International Business School Shanghai Conference Shanghai Jiao Tong University November 4, 2008 Judy Tsui Associate Vice President Dean, Faculty of Business Director, Graduate School of Business Chair Professor of Accounting The Hong Kong Polytechnic University Cooperation and Competition A Balancing Act 1 Competition Irrelevant Blue Value Innovation Ocean Value Added Cooperation Cooperation and Competition • How well can one make competition irrelevant? • How well can one turn cooperation into competitive edge? 2 The Case Of Management Education Scene in Hong Kong HKUST EMBA HKU MBA HKPolyU? 3 Create the Blue Ocean Value Innovation The Corner Stone “Instead of focusing on beating the competition, you focus on making the competition irrelevant by creating a leap in value for buyers and your company, thereby opening up new and uncontested market place.” Blue Ocean Strategy, by W. Chan Kim and Renée Mauborgne, Harvard Business Press, 2005, p.12 4 Financial Working managers seeking Tsunami further education in mgt 5 Doctor of Business Administration (DBA) / Doctor of Management (DMgt) (in Hong Kong and Chinese Mainland) ¾ Launched in 1996; First DBA in HK ¾ “Scholar – Manager” ¾ The only overseas doctoral program approved by China’s Ministry of Education ¾ First in the world accredited by AMBA Prof. Robert Dixon, reviewer from AMBA, commended the high quality of our DBA in HK and Mainland, esp. the quality of: ¾ teaching team ¾ students and graduands ¾ taught subjects ¾ supervision process ¾ excellent documentation of quality assurance 6 Profile of DBA / DMgt Graduates Name Organization Position China Unicom (after merger of China Unicom CHANG Xiaobing Chairman and CEO and China Netcom) KAO Yueybin Motorola CEO, China LAU Peter Giordano International Chairman and CEO LEUNG Simon Motorola President, Asia Pacific XU Qin Shenzhen Government, PRC Deputy Mayor YUAN Xin Alcatel Shanghai Bell Chairman WANG Jianzhou China Mobile Limited Chairman & CEO WANG Xiaochu China Telecommunications Corp. President WEN Ku Ministry of Information Industry, PRC Director General of Dept. of Science and Technology Blue oceans will eventually turn red. How to make it sustainable? 7 Strategies Keep Innovating Internationalization (Collaboration) Principles: Relevance & Rigor Reputation “The university of the future will be…fundamentally interdisciplinary in its approach to both teaching and research.” Nature, Vol. 446, April 2007 8 Interdisciplinary Focus Themes of DBA thesis: Pricing of Electricity in Twelve Asian Countries Green Supply Chain Community Policing Firm Electronics Business Practice International Exhibition Organizers In China Pay Satisfaction Managing Service Quality Eco-Label Design HK Dollar Peg Governance in HK’s Public Hospitals Strike Motivation & Strike Commitment Driving Forces of Customer Loyalty Leadership Behaviour DBA Nobel Laureates Forum (Sept 18, 2007) Nobel Laureates in Economics Robert Mundell Thomas Schelling Edmund Phelps 1999 2005 2006 9 Internationalization Sauder School of Business University of British Columbia Simon Graduate School of Business University of Rochester IMD Renmin University of China EMBA & MSc Quality Management Zhejiang University 10 Collaboration is sustainable when it is of mutual benefit. In the world today: Connectivity & Collaboration 11 Leading Firms and Collaboration “ Leading firms make strategic investments in collaboration…they believe…that they must discover new skills and organizational arrangements to make collaboration work.” Based on a study of a range of industries, with interviews of more than 100 managers “Learning the Fine Art of Global Collaboration” by Alan MacCormack and Theodore Forbath, Harvard Business Review, Jan 2008 Role of the Leader: Encourage and Enable Collaboration “Though past breakthroughs sometimes have come from a single genius, the reality today is that most innovations draw on many contributions.” “Creativity and the role of the leader” by Teresa M. Amabile and Mukti Khaire, Harvard Business Review, Oct 2008 12 Fruitfulness of academic collaboration proved by research “The Impact of Research Collaboration on Scientific Productivity”, Barry Bozeman and Sooho Lee, 2003 Findings show the positive relationship between collaboration and productivity is remarkably robust Are we business schools leveraging collaboration well? 13 Collaboration within School Collaboration across Schools Collaboration between B-schools Collaboration with Business and Government Regional Collaboration Global Collaboration Collaboration within School 14 Collaboration across Schools MBA (Innovation and Design Management) ¾ Since 2005 ¾ Partnership with PolyU School of Design, ranked 41st (BusinessWeek) Collaboration with Business and Government ¾ The Hong Kong Maritime Scholarship Government support ¾ C.Y. Tung International Centre for Maritime Studies Business/industry support ¾ IMC-Frank Tsao Maritime Library and Research and Training Centre Business/industry support 15 Global collaboration is the buzz. We may also think about… Regional Collaboration “Regional partnerships are an opportunity that should not be missed. From joint degree programs to collaborative research centres, there are many ways to join forces to exploit the location in the rapidly developing Asian management education and research spaces.” Asian Management Education: Some Twenty-First- Century Issues, by David Montgomery, Journal of Public Policy & Marketing, Vol 24 (1), Spring 2005, p.150-154 16 Mainland Collaboration PolyU, the largest overseas provider of government- approved business education in Mainland ¾ Shanghai Jiaotong University Seminar “Advanced Research in Logistics and Maritime Transport” (20 Oct 2008) ¾ Tsinghua University MBA Innovation and Design Management ¾ Zhejiang University Executive MBA; MSc Quality Management ¾ Renmin University of China Doctor of Management; Master of Professional Accounting ¾ Xian Jiaotong University MBA ¾ Nankai University MSc International Shipping & Transport Logistics Journal of Contemporary Accounting & Economics (JCAE) ¾ Applies economics and legal theory to accounting/auditing with emphasis on empirical research ¾ Financial contracts, corporate governance, capital markets, financial institutions and economics of organization 34 17 Editorial Board Co-Editors W Gul, Ferdinand A. The Hong Kong Polytechnic University W Simunic, Dan A. The University of British Columbia Consulting Editors W Schipper Katherine Duke University W Watts, Ross L. University of Rochester 35 Associate Editors W Ball, Ray W DeFond, Mark L. University of Chicago University of Southern California W Bartov, Eli New York University W Francis, Jennifer Duke University W Bradbury, Michael E. UNITEC Institute of W Griffin, Paul A. Technology, New Zealand University of California, Davis W Cheng, Anges W Healy, Paul M. University of Houston Harvard University W Clinch, Greg University of Melbourne 36 18 Associate Editors W John, Kose W Richardson, Gordon D. New York University University of Toronto W Kim, Jeong-Bon W Shevlin, Terrence, J. The Hong Kong University of Washington Polytechnic University W Shivakumar, Lakshmanan W Kothari, S.P. London Business School Massachusetts Institute of Technology (MIT) W Skinner, Douglas J. W Park, Chul W. University of Michigan Sungkyunkwan University, W Tsui, Judy South Korea The Hong Kong Polytechnic W Pownall, Grace University Emory University 37 JCAE Symposiums JCAE Malaysian Symposium, Kuala Lumpur (Jan 2007) Universiti Utara Malaysia Universiti Sains Malaysia Joint JCAE and AJPT Symposium, PolyU (Jan 2008) Auditing: A Journal of Practice Half-yearly JCAE Australian Symposium, Sydney (Jan 2008) University of Technology, Sydney Joint JCAE and CAR Symposium, PolyU (3-4 Jan, 2009) Contemporary Accounting Research Joint JCAE and SNU Symposium, Seoul (Jan 2010) Seoul National University 19 China Accounting and Finance Review 《中国会计与财务研究期刊》 W Published by Oxford University Press for The Hong Kong Polytechnic University and Tsinghua University W One of the most cited journals on the Mainland (based on Chinese Social Science Citation Index) W The First Refereed Journal of Accounting and Finance Published on the Mainland 39 Collaboration top quality research PolyU Faculty of Business ranks No. 78 in the world in UTD (University of Texas at Dallas) top business schools ranking based on research contribution in 24 top business journals 20 Collaboration, The Ultimate Competitive Edge 21.