https://www.scmp.com/rss/502360/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com [Sponsored Article] With applications of digital technology transforming almost every aspect of the economy, in this edition of Biz@HKUST Magazine we discuss how these developments may affect the outlook for employment. The HKUST Business School is playing an active role in framing this debate. Collaborating with the Association of Pacific Rim Universities (APRU) - an organization consisting of 50 research institutes from across the region, we worked with a team of scholars from different... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011329/dean?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011329/dean?utm_source=rss_feed Fri, 24 May 2019 02:33:41 +0000 [Sponsored Article] Automation, Artificial Intelligence (AI), Big Data, among others, trigger fear internationally as threats to the livelihood of the 21st Century workforce. Though we might predict the pace of technological development seeing AI mimicking an increasing range of human cognitive abilities, there is no conclusive evidence that point to shrinking levels of employment, as Professor TAM Kar Yan, Dean of HKUST Business School, reminds us. “One says, there are always new jobs created,... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011339/future-works-asia-pacific?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011339/future-works-asia-pacific?utm_source=rss_feed Fri, 24 May 2019 02:33:07 +0000 [Sponsored Article] It is becoming more difficult to provide much in the way of specific career advice to young students. Given the pace at which digital technology is progressing, who can be certain which jobs will still exist in 10, 20 or 30 years’ time? Or, if the economic functions these jobs fulfill do still exist, will it be possible for machines to perform them much more efficiently and cheaply than humans? On the other hand, who knows what new types of jobs, careers, and industries will... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011340/looking-future-work?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011340/looking-future-work?utm_source=rss_feed Fri, 24 May 2019 02:32:38 +0000 [Sponsored Article] Bernard Chan is not merely a businessman and the Convenor of the Non-Official Members of Hong Kong’s Executive Council, he is also the Chairperson of the Hong Kong Council of Social Service (HKCSS), an umbrella group of welfare agencies. Even before the economic disruption likely to be caused by digital technology became evident to him, Chan was someone who was already deeply concerned about the plight of the disadvantaged and about the lack of social cohesion in Hong Kong.... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011490/creating-resilient-hong-kong?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011490/creating-resilient-hong-kong?utm_source=rss_feed Fri, 24 May 2019 02:32:11 +0000 [Sponsored Article] From 1981 and 2017, Dr Law taught in the Department of Social Work and Social Administration at the University of Hong Kong. Before taking up his current governmental role two years ago, he also held senior positions in a number of public bodies promoting social services. This breadth of experience gives him an understanding of the effects economic transformation may have on those without the wealth or the technical skills to easily navigate an uncertain future. Looking back... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011494/adapting-changing-world?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011494/adapting-changing-world?utm_source=rss_feed Fri, 24 May 2019 02:30:58 +0000 [Sponsored Article] A range of factors including new technology, demographic trends and evolving social attitudes are fast changing traditional views about the world of work, and all signs suggest this revolution is set to continue apace in the years ahead.  That, though, should be no real cause for concern provided employers, educators, and individuals aiming to secure or retain a place in the workforce plan and prepare with sufficient foresight. “In terms of work, the changes now are very... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011495/find-balance-between-tech?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011495/find-balance-between-tech?utm_source=rss_feed Fri, 24 May 2019 02:30:23 +0000 [Sponsored Article] Speaking on this topic were: Edward SNYDER, the Indra K Nooyi Dean and William S Beinecke Professor of Economics and Management at the Yale School of Management; Dipak Chand JAIN, European President and Professor of Marketing at the China Europe International Business School (CEIBS); and Arun RAI, Regents’ Professor at the Robinson College of Business at Georgia State University. Replaced or supported Professor Rai began by breaking down the likely effects on employment of... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011499/different-degree-disruption?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011499/different-degree-disruption?utm_source=rss_feed Fri, 24 May 2019 02:29:31 +0000 [Sponsored Article] Gone are the days when management officials were secluded from their underlings, segregated in plush offices far removed from rank-and-file employees toiling away in crammed cubicles. The office space’s traditional hierarchical structure has given way to an ethos of teamwork conducted on a far more equal basis. Technological advancement is a key factor behind this change. “In the US and Europe – with the advent of technology, the Internet and virtual teams – many staff... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011501/future-work-and-workplace?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011501/future-work-and-workplace?utm_source=rss_feed Fri, 24 May 2019 02:28:54 +0000 [Sponsored Article] Bank customers and the general public who have seen the rapid shift towards online transactions and now hear the talk of virtual banks, cashless society, biometric security and so on, may have their own views on the benefits or otherwise of such developments. But one thing is clear: further change is coming and the pace is only certain to accelerate in the next few years. “I see no other industries, when compared with the banking and financial services sector, facing so much... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011506/succeed-world-banking?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011506/succeed-world-banking?utm_source=rss_feed Fri, 24 May 2019 02:27:28 +0000 [Sponsored Article] Hong Kong’s success has been built on its ability to adapt to circumstances and compete in global markets. And those attributes are once again being put to the test as businesses and individuals wrestle with the challenges and opportunities brought by new technology and all its ramifications. Indeed, the shake-up caused by this latest phase of industrial revolution is already profoundly affecting everything from employment patterns and hiring practices to training needs,... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011508/future-workplace-competencies?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011508/future-workplace-competencies?utm_source=rss_feed Fri, 24 May 2019 02:25:53 +0000 [Sponsored Article] “In the next decade, there will be great disruption in the world of employment,” Flato says. “Universities and business must plan for these changes now, or there will be serious implications relating to their viability.”  That conclusion is based on research interviews he has conducted with more than 200 leading figures, including top executives, professors, and even a few ministers of labor. The feedback from the higher education community came from experts in 25 different... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011334/preparing-jobs-digital?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011334/preparing-jobs-digital?utm_source=rss_feed Fri, 24 May 2019 02:23:07 +0000 [Sponsored Article] Hardly a day passes without the media referring to buzzwords like Artificial Intelligence (AI), machine learning or some other 21st-century technology. AI refers to machines that can do things smartly. In machine learning, we let machines access data and learn by themselves. These emerging technologies generate excitement and anxiety, hopes and fears, and will create winners and losers.  Both academics and practitioners are curious about the future of work in a world of AI,... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011341/technology-and-future-work-more?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011341/technology-and-future-work-more?utm_source=rss_feed Fri, 24 May 2019 02:22:45 +0000 [Sponsored Article] With the rise of robotics and artificial intelligence, there is intense interest in how technology will shape the future of work as well as concern that new technologies will destroy jobs. It is instructive to remember that such concerns are not new but have been voiced repeatedly in the past, starting with the steam engine and more recently with the computer. Although research suggests that computers did lead to declines in employment in some occupations, for the most part... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011479/future-work-china-and-world?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011479/future-work-china-and-world?utm_source=rss_feed Fri, 24 May 2019 02:21:26 +0000 [Sponsored Article] While I was still at university, it was not that difficult to predict what roles I would like to take after my graduation, but this is now no longer the case. According to a recent IDC Asia/Pacific and Microsoft report, 79 per cent of jobs in Hong Kong will be transformed in the next three years, 60 per cent of which will be redeployed to higher-value roles, or reskilled to meet the needs of the digital age. In other words, we can no longer predict how different professions... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011482/adaptive-mindset-and-evolving?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011482/adaptive-mindset-and-evolving?utm_source=rss_feed Fri, 24 May 2019 02:21:03 +0000 [Sponsored Article] Hiring preferences in online labor markets (by WANG Jing)    In the last few years, we have witnessed a rapid growth in online labor platforms. These platforms (e.g., UpWork, freelancer, guru) serve as an intermediary for employers and workers by hosting a myriad of jobs ranging from software and web development to administrative support, multimedia design, and writing and translation. As the entire process does not require any offline face-to-face interaction, these... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011484/role-internet-labor-markets?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011484/role-internet-labor-markets?utm_source=rss_feed Fri, 24 May 2019 02:19:48 +0000 [Sponsored Article] Global in scope and tackling real-life challenges, demonstrating their knowledge, skills and resourcefulness on the global stage, our students took top honors in a number of prestigious international case competitions this spring. In the process, they were exposed to concepts and challenges that will augment their academic journey and future business careers. The experience that counts   It started with the Global Business (GBUS) team that won the championship and the Best... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011486/case-competition-winners?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011486/case-competition-winners?utm_source=rss_feed Fri, 24 May 2019 02:14:52 +0000 [Sponsored Article] The event, which took place on April 6 at HKUST, saw a total of 130 students, graduates and faculty members formally admitted to the society, along with this year’s special honoree Dato’ Seri CHEAH Cheng Hye, the Chairman and Co-chief Investment Officer of Value Partners Group.  All those who accepted the invitation to join have already shown distinction in the teaching, research, study or practice of business. And, with their induction, they have also made a commitment to... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011487/honor-societys-name-reflects?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011487/honor-societys-name-reflects?utm_source=rss_feed Fri, 24 May 2019 02:14:10 +0000 [Sponsored Article] Mentoring plays an important, supportive role for students at the HKUST Business School. No matter whether it’s a formal or informal experience, the benefits of mentorship are widely recognized for providing tangible benefits to both mentors and mentees involved.  Recently, the concept has been raised to the next level with the opening of the Karen Lee Student Mentoring Center – a purpose-built facility designed to encourage student guidance activities and to promote a... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011488/new-center-brings-mentors-and?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011488/new-center-brings-mentors-and?utm_source=rss_feed Fri, 24 May 2019 02:13:41 +0000 [Sponsored Article] For biomedical entrepreneur Dr Bonny Chow, the decision to join an Executive MBA (EMBA) program was motivated by her passion to explore new ideas and enhance her business knowledge and strategic thinking while building up a network of experienced international business executives as contacts and mentors.  With plans to expand her business internationally, including to countries in the Belt and Road Initiative (BRI), Chow says she needed to gain the knowledge of how the... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011491/tapping-different-mindsets?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011491/tapping-different-mindsets?utm_source=rss_feed Fri, 24 May 2019 02:12:45 +0000 [Sponsored Article] Cybersecurity Competition with China Everbright Bank HK   In May, with cybersecurity awareness an increasingly important issue for businesses and the wider community, the School partnered with China Everbright Bank Hong Kong Branch (CEBHK) to organize a full-day on-campus event. Aimed at promoting cybersecurity awareness, and providing an opportunity for HKUST students to address real-world threats faced by information security experts, 20 two-member teams, recruited from... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011493/better-together-benefits?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011493/better-together-benefits?utm_source=rss_feed Fri, 24 May 2019 02:12:16 +0000 [Sponsored Article] Board Reforms and Firm Value: Worldwide Evidence FAUVER, Larry | HUNG, Mingyi | LI, Xi | TABOADA, Alvaro G.  Journal of Financial Economics 125, 120–142  The past 20 years has seen a marked global increase in the amount of corporate board reforms aimed at increasing firm value. It is believed that with greater outside representation on the board, insiders – such as top executives and shareholders – will be discouraged from reaping private rewards, and instead will encourage... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011511/impact-and-effectiveness?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011511/impact-and-effectiveness?utm_source=rss_feed Fri, 24 May 2019 02:10:07 +0000 [Sponsored Article] Inflation Bets on the Long Bond HONG, Harrison | SRAER, David | YU, Jialin  The Review of Financial Studies, 2017, Vol.30, No. 3    A conventional theory about US Treasury bonds is that when there is uncertainty about inflation, the yield curve should get steeper because investors demand a higher premium for the risk of holding long-term bonds, as opposed to less vulnerable short-term ones. However, recent evidence suggests this yield curve effect may not be happening and... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011512/betting-inflation-through-bond?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011512/betting-inflation-through-bond?utm_source=rss_feed Fri, 24 May 2019 02:09:51 +0000 [Sponsored Article] External bridging and internal bonding: unlocking the generative resources of member time and attention spent in online communities KIM, Yongsuk | JARVENPAA, Sirkaa L | GU, Bin  MIS Quarterly, 2018, Vol. 42, No. 1, 265-283    Along with the chance to access a myriad sources of knowledge, going online also opens up countless, and often enjoyable, opportunities for distraction from the task at hand. This, of course, is not a problem for individuals who, say, start off on a... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011514/gaining-connections-or-losing?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011514/gaining-connections-or-losing?utm_source=rss_feed Fri, 24 May 2019 02:09:35 +0000 Winning Back Technology Disadopters: Testing a Technology Readoption Model in the Context of Mobile Internet Services XU, Xin | THONG, James Y L | TAM, Kar Yan  Journal of Management Information Systems, 2017, Vol. 34, No. 1, pp. 102-140.    New technologies can have teething problems such that some users give up the whole class of technology itself (and not just the brand). A case in point was 2G mobile internet services that used wireless application protocol (WAP). The performance was so... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011516/winning-back-consumers?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011516/winning-back-consumers?utm_source=rss_feed Fri, 24 May 2019 02:09:15 +0000 [Sponsored Article] Do Costly Options Lead to Better Outcomes: How the Protestant Work Ethic Influences the Cost-Benefit Heuristic in Goal Pursuit CHENG, Yimin | MUKHOPADHYAY, Anirban | SCHRIFT, Rom Y.  Journal of Marketing Research, 2016    The Protestant Work Ethic (PWE) is a belief system which includes the idea that hard work will breed success. According to the sociologist Max Weber, who introduced the idea, this belief system explains the development of Europe during the Industrial... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011517/protestant-work-ethic-effect?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011517/protestant-work-ethic-effect?utm_source=rss_feed Fri, 24 May 2019 02:08:46 +0000 Customer Mistreatment, Employee Health, and Job Performance: Cognitive Rumination and Social Sharing as Mediating Mechanisms BARANIK, Lisa E. | WANG, Mo | GONG, Yaping | SHI, Junqi  Journal of Management, Vol. 43, No. 4, April 2017    Customer mistreatment towards customer service employees is a problem both for the employee and the organisation. There is substantial evidence that it leads to employee burn-out, emotional distress and absenteeism. Changing such customer behaviour is difficult if... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011522/try-not-dwell-it?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/3011522/try-not-dwell-it?utm_source=rss_feed Fri, 24 May 2019 02:08:04 +0000