https://www.scmp.com/rss/324376/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com [Sponsored article] The ability of digital technology to continue transforming the world of business and finance - and even the basic notion of money - is something we at the Business School have been aware of for some time. As applications are found for the latest advances in areas such as artificial intelligence, big data, blockchain, mobile communications and autonomous systems, exciting new business models are created. Improvements in, for example, the accuracy of risk assessment and... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100216/dean?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100216/dean?utm_source=rss_feed Tue, 27 Jun 2017 09:24:31 +0000 [Sponsored article] The idea that technology is constantly reshaping the finance sector is not a new one. In the past, the introduction of ATMs, credit cards, online banking and program trading have all led to adjustments in the business models of financial institutions. While many of the specifics are still coming into focus, the wave of advances grouped under the label of FinTech promise a whole new order of rapid and fundamental change. Already, new financial services are riding on the... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100211/fintech-disruptive-or?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100211/fintech-disruptive-or?utm_source=rss_feed Tue, 27 Jun 2017 09:08:41 +0000 [Sponsored article] Across the globe, FinTech promises to not only drive the creation of a wide range of new and more accessible financial services, but also promote more competition, improve customer experience and lower costs. All, potentially, very good news for consumers, but can Hong Kong claim a role as an international powerhouse when it comes to the development and deployment of FinTech?   FinTech’s possibilities Professor K C Chan, the third and fourth term HKSAR Government’s Secretary... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100205/hong-kong-ready-fintech?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100205/hong-kong-ready-fintech?utm_source=rss_feed Tue, 27 Jun 2017 08:59:16 +0000 [Sponsored article] It seems clear FinTech will continue to drive radical change in the market for banking services. But one unanswered question is: will the application of these advances in digital technology open up a myriad of new opportunities for the established giants, or will it fundamentally disrupt the business model that has made traditional banks so profitable in the past? Two men who see fundamentally different futures for the banking sector are Mr Benjamin Hung, Standard Chartered’s... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100203/which-fintech-future-should-we?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100203/which-fintech-future-should-we?utm_source=rss_feed Tue, 27 Jun 2017 08:43:15 +0000 [Sponsored article] Vitalik Buterin is the 23-year-old co-creator and inventor of Ethereum, the blockchain-based platform for running smart contracts. Earlier this year, the Business School welcomed Buterin for an interactive dialogue and a workshop that took students through the process of developing a simple contract on Ethereum.   Where is Ethereum in its evolution? “We are at an early- to mid-stage now. The technology is well established for some things, but for applications that really try... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100198/putting-blockchain-work-hkust?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100198/putting-blockchain-work-hkust?utm_source=rss_feed Tue, 27 Jun 2017 08:30:08 +0000 [Sponsored article] The year is 1967. Everyone is talking about the Hollywood movie The Graduate, especially about this dialog: Mr McGuire: Are you listening? Benjamin: Yes, I am. Mr McGuire: Plastics. Benjamin: Exactly how do you mean? Mr McGuire: There's a great future in plastics. Think about it. Will you think about it? Fast forward 50 years to 2017. We now know, with the wisdom of hindsight, that plastics did not have a great future. But now everyone is talking about this dialog: Mr Hype:... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100193/fintech-observations-skeptic?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100193/fintech-observations-skeptic?utm_source=rss_feed Tue, 27 Jun 2017 08:20:31 +0000 [Sponsored article] You have heard the word “FinTech” on various occasions: TV, social media, or even friends’ parties. Is it just a buzzword floating around nowadays? The answer is likely no. More and more people are starting to believe that FinTech is a new wave of digital revolution that could fundamentally change the financial industry and, therefore, our lives in many aspects. Already, peer-to-peer (P2P) lending websites provide a platform that efficiently matches borrowers with investors... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100188/fintech-wave-revolutionizes?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100188/fintech-wave-revolutionizes?utm_source=rss_feed Tue, 27 Jun 2017 08:12:18 +0000 [Sponsored article] As well as teaching many of the skills the new breed of entrepreneur will need, the HKUST Business School also serves as an incubator for real-world ideas and a place where creative relationships and teams can be formed. Former and current Global Business (GBUS) undergraduate students, Johannes Jaeger and Sandra Sobanska, met at HKUST. In May this year, the duo saw the unique hackathon they co-created, take wing and fly. Hack Horizon charged 32 talented entrepreneurs,... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100182/letting-entrepreneurial-spirit?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100182/letting-entrepreneurial-spirit?utm_source=rss_feed Tue, 27 Jun 2017 08:06:54 +0000 [Sponsored article] For anyone without the backing of an established company, having a good idea is just stage one in the process of producing a profitable new product or service. In addition to devising a solid business plan, and building a team that can successfully deliver on the concept, some capital is almost always essential to put together prototypes and research the market. But until recently, if no angel investors stepped forward and there were no wealthy family members or friends... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100177/crowdfunding-skills-equip-young?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100177/crowdfunding-skills-equip-young?utm_source=rss_feed Tue, 27 Jun 2017 08:00:07 +0000 [Sponsored article] As the China-led One Belt One Road (OBOR) initiative continues to draw world-wide interest, the HKUST Business School along with event partner United Overseas Bank (UOB) have launched a series of investment seminars, featuring prominent business leaders and scholars to provide a range of insights on how Hong Kong businesses and investors can seize the opportunities offered by the Belt and Road initiative. In a series of seminars, experts from different industries were invited... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100170/seizing-opportunities-opened?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100170/seizing-opportunities-opened?utm_source=rss_feed Tue, 27 Jun 2017 07:29:34 +0000 [Sponsored article] Embracing the ever-changing financial industry, the 10th anniversary of the Master of Science in Global Finance (MSGF) program jointly offered by the HKUST Business School and the New York University Stern School of Business (NYU Stern), celebrates how the program has gone from strength-to-strength during the last decade. To celebrate the program’s 10-year milestone, more than 100 current students, alumni, faculty and distinguished guests gathered at HKUST on 6 May to attend... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100168/hailing-decade-cutting-edge?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100168/hailing-decade-cutting-edge?utm_source=rss_feed Tue, 27 Jun 2017 07:24:07 +0000 [Sponsored article] This is a summary of the case study prepared by Professor Jeevan Jaisingh, Kim Yongsuk, Xu Yan and Huang Minyi for the Business School’s Thompson Center for Business Case Studies.   Huawei’s history, performance and structure Huawei Technologies was founded in 1987 by Ren Zhengfei, originally as a sales agent for telephone switches. Unlike other Chinese companies that formed joint ventures with foreign companies to obtain technological know-how and manufacturing competence,... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100162/open-innovation-huawei?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100162/open-innovation-huawei?utm_source=rss_feed Tue, 27 Jun 2017 07:18:22 +0000 [Sponsored article] Members of the HKUST Business School are extremely saddened by the passing of its Founding Dean, Professor Chan Yuk Shee, on 22 May 2017. Professor Chan joined HKUST in 1990 as one of the founding faculty members. He was appointed as the Founding Dean of our School in 1993. As a leading finance scholar with a global vision, he played a pivotal role in boosting the international standing of HKUST Business School and making it “World Class in Asia”. Professor Chan also... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100160/memory-our-founding-dean?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100160/memory-our-founding-dean?utm_source=rss_feed Tue, 27 Jun 2017 07:04:49 +0000 [Sponsored article] Assume you are the head of R&D at a high-tech firm that develops new accessories for cell phones. One year ago, $200 million was budgeted to develop a new cell phone battery instead of developing a new cell phone screen. To date, $100 million has been spent, and the project is 75% complete. Then the company hears that a competitor has just marketed a cell phone battery that is cheaper and has a longer battery life than yours. How do you allocate the remaining $100 million... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100158/weighing-options-escalation?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100158/weighing-options-escalation?utm_source=rss_feed Tue, 27 Jun 2017 07:01:03 +0000 [Sponsored article] Brand alliances bring together two or more brands in joint marketing events that in theory should benefit all participants. But the science behind which brand alliances make the best “fit” has been weak, complicated by the difficulty in collecting data and determining the best measures. The reason is that brands are strategically combined into alliances, which makes investigation challenging. Now, a group of researchers has addressed the gap by creating a model that lets them... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100156/apple-and-mercedes-or-apple-and?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2100156/apple-and-mercedes-or-apple-and?utm_source=rss_feed Tue, 27 Jun 2017 06:59:28 +0000 [Sponsored article] Executive pay disparity – as when the CEO earns significantly more than the other top managers – has become a red flag issue for investors. Moody’s, for instance, sees high disparity as a credit risk. It can also affect the cost of equity capital, as a study by Zhihong Chen, Yuan Huang and K.C. John Wei has shown. The cost of capital is one of the key considerations for managers in their capital budgeting and corporate financing decisions because a higher cost can mean fewer... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2098307/paying-more-less-executive-pay?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2098307/paying-more-less-executive-pay?utm_source=rss_feed Wed, 14 Jun 2017 08:41:18 +0000 [Sponsored article] Large firms often grapple with hundreds of simultaneous decisions relating to investments in information systems (IS). But the question of why some decisions are approved and others rejected, and how that relates to the firm’s IS strategy, has not been properly studied. A new study addresses that gap by developing a model and applying it to actual decision-making within a Fortune 50 multi-business operation. At the heart of that work is the desire to determine the decision... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2098292/following-decision-trail?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2098292/following-decision-trail?utm_source=rss_feed Wed, 14 Jun 2017 07:58:02 +0000 [Sponsored article] In a series of stories, we discuss with leading thinkers what “One Belt One Road” means to the business world and Hong Kong as well as the role our School can play. Two prominent leaders Dr Vincent H.S. Lo and Dr Hans Michael Jebsen, together with faculty of HKUST and our partner school, share their insights Launched in 2013 by President Xi Jinping, the One Belt, One Road (OBOR) initiative aims to transform the level of connectivity, cooperation and trade between a band of... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093627/one-belt-one-road-connected?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093627/one-belt-one-road-connected?utm_source=rss_feed Tue, 09 May 2017 09:56:57 +0000 [Sponsored article] Two leading local businessmen who saw, firsthand, the opening up of the Mainland’s own economy, share their take on the OBOR initiative. Hong Kong’s entrepreneurs, businesses and government agencies will surely play a key role when it comes to turning President Xi’s OBOR vision into a plan of action. In determining the nature of their involvement, these local players will first need to make a number of assessments. What are the preconditions for investment in OBOR countries?... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093626/cover-story-mapping-out?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093626/cover-story-mapping-out?utm_source=rss_feed Tue, 09 May 2017 09:55:15 +0000 [Sponsored article] As both an educator and a research powerhouse, the HKUST Business School can help executives and entrepreneurs seize the opportunities opened up by OBOR. The faculty at the HKUST Business School is well aware of the huge potential of OBOR project - and the part the School can play in turning this potential into reality. “Many of the more than 60 countries covered by the initiative are developing countries,” points out Professor Tam Kar Yan, Dean of HKUST Business School.... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093625/cover-story-getting-road-ready?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093625/cover-story-getting-road-ready?utm_source=rss_feed Tue, 09 May 2017 09:51:42 +0000 [Sponsored article] Although Central Asia did not appear often on the international business radar just a few years ago, the region slowly but surely is making its way up the list of the most important business destinations to watch out for over  the next 10-15 years. The OBOR initiative that crosses Central Asian states by so-far imaginary infrastructure, is promising a positive change to the region. At the same time, despite multiple similarities and links between the countries, Central Asia... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093623/cover-story-central-asia?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093623/cover-story-central-asia?utm_source=rss_feed Tue, 09 May 2017 09:48:03 +0000 [Sponsored article] The excellence of the programs at the HKUST Business School has been recognized in several major international rankings over the past few months.   Kellogg-HKUST EMBA Tops Inaugural QS Rankings The Kellogg-HKUST Executive MBA (EMBA) Program is ranked the top in the world in the inaugural Global EMBA Rankings conducted by QS. For the first time, QS has published both the “Global EMBA Rankings by Region” and the “Global Joint EMBA Rankings” that feature programs jointly... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093621/encouraging-global-rankings?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093621/encouraging-global-rankings?utm_source=rss_feed Tue, 09 May 2017 09:43:38 +0000 [Sponsored article] Technology and business have made a fruitful partnership in the HKUST Business School as evidenced by an innovative partnership formed by three MBA alumni to develop a completely new kind of wearable device - the world’s first vibration powered, voice enabled smart ring. Kevin Johan Wong, Marcus Leung-Shea and Yan Shun Li combined their talents and new know-how learned in the MBA program to form their company Origami Labs. The firm’s smart ring, called ORii, pairs with... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093620/startup-gets-thumbs-alibabas-hk?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093620/startup-gets-thumbs-alibabas-hk?utm_source=rss_feed Tue, 09 May 2017 09:37:50 +0000 [Sponsored article] While we teach, we learn. Sinty Chan and Eli Chuah, year two students of the HKUST Business School Global Business (GBUS) program, find the best way to understand this ancient wisdom of this proverb when they participated in a service project that put them in the role of teaching others. They were two of 70 GBUS students who have provided voluntary coaching to students from 30 secondary schools for the Young Innovators Bazaar.  The bazaar has been organized for the past five... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093619/nurturing-high-school-students?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093619/nurturing-high-school-students?utm_source=rss_feed Tue, 09 May 2017 09:32:52 +0000 [Sponsored article] In many entrepreneurial families, the business itself is a means to keep the entire family together. As the business leadership is passed down from one generation to the next or as the family exits from the business, the family may lose its purpose for working and staying together.   The question is: What will provide the family glue within these evolving dynamics? In a recent workshop, leaders in the family office space in Hong Kong shed light on this issue with a group of... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093618/family-office-glue-keeps?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093618/family-office-glue-keeps?utm_source=rss_feed Tue, 09 May 2017 09:29:22 +0000 [Sponsored article] Mentoring is an effective way to help students progress, find their own potential, and become the person they want to be. The HKUST Business School realizes the value of mentoring and always looks for ways and resources to strengthen its mentoring activities. With a generous donation from the Karen Lee Family, the School is able to step up its mentoring with the launch of a number of new initiatives such as a “Public Service Internship Scholarship” and “Take a Faculty to... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093615/expanding-scope-mentoring?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093615/expanding-scope-mentoring?utm_source=rss_feed Tue, 09 May 2017 09:18:51 +0000 [Sponsored article] To achieve success in the information era, companies around the world growingly attach importance to IT governance. The School therefore has worked with the industry and international professional bodies, like the Information Systems Audit and Control Association (ISACA), to exchange and promote IT governance. Through the efforts of Professor Garvin Percy Dias, Associate Professor of Business Education in the Department of ISOM, the School’s BBA-Information Systems (IS)... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093614/hkust-biz-school-shines-first?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093614/hkust-biz-school-shines-first?utm_source=rss_feed Tue, 09 May 2017 09:12:59 +0000 [Sponsored article] Buyers are spoiled for choice when it comes to platforms to post their buying requests to sellers – think Alibaba.com, ECEurope.com and ECPlaza.com. Users may select one site to be their preferred place, or “home”, for posting requests, but they can also use multiple homes. What does that mean for the platforms, and also for users? Most researchers have looked at platforms from a single-home perspective, but Tat Koon Koh and Mark Fichman argue that “multi-homing” deserves... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093613/research-home-truths-business?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093613/research-home-truths-business?utm_source=rss_feed Tue, 09 May 2017 09:10:13 +0000 [Sponsored article] Ostracism or being ignored or excluded by others is a pervasive phenomenon that surveys show a large majority experience at work and among loved ones. It has many undesirable consequences, such as aggressive intentions and actions against those who are doing the ostracising. People who are ostracised are also more likely to experience distress and an impaired ability to self-regulate their impulses. An important mediating mechanism for why ostracism has these effects is... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093612/research-ostracism-workplace?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093612/research-ostracism-workplace?utm_source=rss_feed Tue, 09 May 2017 09:07:24 +0000 [Sponsored article] If you see that a bottle of Chardonnay has dropped in price from $7.00 to $6.99, does it feel like you’re getting a bargain? The chances are it does – and you decide to buy it. In fact, the product is only one cent cheaper – so not such a great deal, after all! You probably wouldn’t buy it if it had fallen from $7.08 to $7.07. It is all because the left-hand digit [7] has been reduced. This “left-digit effect” is an integral part of the study carried out by researchers Utpal... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093610/research-penny-wise-dollar?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093610/research-penny-wise-dollar?utm_source=rss_feed Tue, 09 May 2017 09:03:03 +0000 [Sponsored article] At the cashier of a fast-food restaurant, online, in the supermarket – there are countless opportunities every day when we are likely to see others make consumption decisions. There are even times when those same customers watch us subsequently make our choice, perhaps when they see us drop the same product in our basket. A study by researchers Young Eun Huh, Joachim Vosgerau and Carey K. Morewedge shows these are not innocuous observations but in fact can end up influencing... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093076/research-watching-others-make?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2093076/research-watching-others-make?utm_source=rss_feed Fri, 05 May 2017 03:44:35 +0000