https://www.scmp.com/rss/505533/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com [Sponsored Article] The highly regarded program and academic excellence at the HKUST Business School have received recurrent recognitions in major international rankings. Kellogg-HKUST EMBA Ranks World’s No.1 for Eighth Time In the latest Financial Times (FT) Global EMBA Rankings, the Kellogg-HKUST EMBA program is ranked No.1 in the world, topping the highly respected chart for the eighth time. The Kellogg-HKUST EMBA program was launched in 1998 to offer the best management education for... https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115544/another-season?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115544/another-season?utm_source=rss_feed Tue, 17 Oct 2017 06:53:11 +0000 [Sponsored Article] The huge contribution family businesses make to the global economy doesn’t always get the level of attention it deserves. From Ford and Walmart in the US to Volkswagen and BMW in Germany, many world-renowned brand names are the public face of such enterprises. Here in Asia their significance, both economically and culturally, is even greater. On the mainland, family businesses account for about 85 per cent of the dynamic private sector, contributing 70 per cent of national... https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115117/shaping-future?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115117/shaping-future?utm_source=rss_feed Fri, 13 Oct 2017 02:45:25 +0000 [Sponsored Article] In mid-September, a distinguished array of speakers shared their insights with a packed ballroom at a hotel in Hong Kong. Highlights of the forum were a donation renewal ceremony recognizing the Tanoto Foundation’s continued support for HKUST Business School’s Tanoto Center for Asian Family Business and Entrepreneurship Studies, and a thought-provoking presentation followed by a panel discussion. The presentation by the Center’s Director, Professor Roger King, looked in... https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115115/bizinsighthkust?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115115/bizinsighthkust?utm_source=rss_feed Fri, 13 Oct 2017 02:44:55 +0000 [Sponsored Article] Since Mr Sukanto Tanoto founded RGE in Indonesia in 1973, the business has grown into an international resource-based group of companies with assets exceeding US$18 billion and a workforce of over 60,000. Alongside the development of the business, Mr Tanoto has been very keen that he, and the members of his family, actively give something back - both to the communities his companies operate in and to the wider society. Many successful family businesses have established... https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115113/outward-looking?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115113/outward-looking?utm_source=rss_feed Fri, 13 Oct 2017 02:42:58 +0000 [Sponsored Article] Lee Kum Kee was founded in Nanshui, Zhuhai, Guangdong in 1888 and its Chinese-style sauces have gone on to sell around the world. In response to diverse aspirations of individual family members, the decision was made in 1992 to evolve the business into a holding company that places an emphasis on a governance structure, and a modus operandi, that aim to maximize harmony within the family. Mr David Lee, Director, Lee Kum Kee Company Limited, recalls how, in response to the... https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115111/evolution?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115111/evolution?utm_source=rss_feed Fri, 13 Oct 2017 02:42:44 +0000 [Sponsored Article] With the launch of the MaBelle jewelry store chain more than two decades ago, Mr Max Ma opened up a whole new market for the Lee Heng Diamond Group founded by his father. Now Mr Theodore Ma, Max’s son, is expanding the family’s engagement with  the innovations beyond the family business  through CoCoon, an entrepreneurship network he co-founded in 2012. Providing the members of each generation with the support, as well as the freedom, they need to develop their innovative... https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115109/taking?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115109/taking?utm_source=rss_feed Fri, 13 Oct 2017 02:42:28 +0000 [Sponsored Article] Dr Hans Michael Jebsen, Chairman of Jebsen and Co, can look back on a company history that has seen the family-owned trading group navigate extremely stormy political times, along with economic choppy waters. It’s with this perspective, in which survival has sometimes been a more pressing issue than succession planning, that he views the process of passing on the baton of leadership. The roots of Jebsen and Co stretch back to the company established in 1895 by Jacob Jebsen... https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115107/putting?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115107/putting?utm_source=rss_feed Fri, 13 Oct 2017 02:42:14 +0000 [Sponsored Article] Family business is a catch-all term covering enterprises that vary widely in size, generation and purpose. They may also be organized around a range of governance and management structures. The balance between ownership and management, and the degree to which individual family members are involved, may differ. Meanwhile, the relative value and weighting assigned to family interests and business interests is probably unique in each case. But along with the differences there... https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115105/family-affairs?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115105/family-affairs?utm_source=rss_feed Fri, 13 Oct 2017 02:41:58 +0000 [Sponsored Article] Overseas Chinese and Jewish diaspora are often seen as manipulative outsiders in their host countries. However, compared to the 40 million overseas Chinese, the 14 million Jewish diaspora have greater influence, directly or indirectly, on the global economy. The Tanoto Center for Asian Family Business and Entrepreneurship Studies at HKUST, under the leadership of the author, explores how the overseas Chinese can learn from the Jewish diaspora in the areas of succession and... https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115104/succession-and?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115104/succession-and?utm_source=rss_feed Fri, 13 Oct 2017 02:41:42 +0000 [Sponsored Article] When heirs take the helm of the family business, it’s bad news for key employees striving for promotion. But is it also bad news for the firm? Anecdotal evidence seems to suggest that family succession is costly for the firm itself. To begin with, the odds appear to be stacked against the next generation. Most firms do not survive beyond ten years, indicating that we only observe successions in firms with talented founders. This observation raises an intriguing question: Can... https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115103/consequence?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115103/consequence?utm_source=rss_feed Fri, 13 Oct 2017 02:41:08 +0000 [Sponsored Article] Family businesses, those owned and/or managed by a family, are probably the most popular form of corporate governance in the world. More specifically, in most countries, many public firms, including renowned large ones, remain under the control of families. This phenomenon appears to be more pronounced in East Asia. Even in advanced countries such as the US, family ownership is observed in many firms in the S&P 500 index. How is a family business... https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115102/popularity?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115102/popularity?utm_source=rss_feed Fri, 13 Oct 2017 02:40:49 +0000 [Sponsored Article] Family businesses have sprung up in mainland China since the 1978 reform and opening up policy and, over the years, have become the most significant sector among privately-owned enterprises. It is estimated that family businesses contribute 70 per cent of national GDP - and employ 75 per cent of the nation’s workforce. Over 85 per cent of the private sector consists of family firms, generating about half of tax income in 2016.[1] In the early days, the majority of mainland... https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115100/transformation?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115100/transformation?utm_source=rss_feed Fri, 13 Oct 2017 02:39:31 +0000 [Sponsored Article] Preparing for succession Hari knew that in this role, his relatively young son would have to deal with senior family and board members while driving the business agenda forward smoothly. However, Hari also felt he was leaving Aron a good platform from which to achieve his vision ‑  an excellent asset base that was only slightly leveraged, the esteemed reputation of the Harilela name, a strong personal education, and ten years of hands-on experience in the business.  Business... https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115096/harilela?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115096/harilela?utm_source=rss_feed Fri, 13 Oct 2017 02:39:13 +0000 [Sponsored Article] As information becomes increasingly strategic for organizations, ensuring the long-term success of an enterprise requires not just pure business knowledge or technology skills, but a combination of both. Future game changers will be those who reimagine ways to transform their business while offering differentiated customer experiences by making creative use of emerging technologies. No wonder, of all the participants in the Hong Kong chapter of the seventh annual “One Million... https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115091/answering?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115091/answering?utm_source=rss_feed Fri, 13 Oct 2017 02:38:59 +0000 [Sponsored Article] Since the primary mission of the HKUST Business School is to advance learning through teaching and research, those involved are always keen to celebrate the success of faculty members. Therefore, in 2016, Milind Rao, Professor of Business Practice in the Department of Economics and Garvin Percy Dias, Associate Professor of Business Education in the Department of Information Systems, Business Statistics and Operations Management (ISOM), were formally recognized with separate... https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115087/awards?utm_source=rss_feed https://www.scmp.com/presented/news/hong-kong/education/topics/hkust-biz-school-magazine/article/2115087/awards?utm_source=rss_feed Fri, 13 Oct 2017 02:38:41 +0000 [Sponsored Article] Selling a product before a consumer will actually use it can benefit both sellers and consumers. It helps sellers to plan ahead and reduce demand variability. And for consumers, they can ensure they will get the product, possibly at a lower price. Selling in advance also gives sellers an opportunity to exploit consumer uncertainties about their valuations of their purchase, which cannot be realised until the “spot” period when they have it in their hands. That leads to some... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2114888/broadway-show-vs-disneyland?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2114888/broadway-show-vs-disneyland?utm_source=rss_feed Thu, 12 Oct 2017 17:13:07 +0000 [Sponsored Article] “The early bird may get the worm, but the second mouse gets the cheese”; this quote, attributed to comedian Steven Wright and an extension on an old proverb, neatly applies to the experience of firms attempting to enter new overseas markets. Early entrants are at a disadvantage as their inexperience leads to mistakes and even failure; but can later entrants learn and benefit from their predecessors’ experiences? “Organizational learning” theorists refer to this as a form of... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2114852/can-second-mouse-get-cheese?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2114852/can-second-mouse-get-cheese?utm_source=rss_feed Thu, 12 Oct 2017 17:00:48 +0000 [Sponsored Article] There has been a lively discussion recently within the financial world on ways in which company earnings are reported; in other words, what are the merits and otherwise of GAAP versus “Street” earnings?  GAAP provides uniformity through the application of standardized “generally accepted accounting principles” developed by the Financial Accounting and Standards Board. However, analysts, along with investors, managers and financial media, consider that GAAP earnings do not... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2114847/gaap-versus-street-earningsthe?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2114847/gaap-versus-street-earningsthe?utm_source=rss_feed Thu, 12 Oct 2017 16:52:16 +0000 [Sponsored Article] How do consumers learn from their consumption experience? Imagine new parents have to shop for diapers for the first time, with little prior knowledge. As they find out more about different brands in the following weeks and months through experience, they face a “strategic” choice. In other words, they can “exploit” their knowledge and select the most appealing brand. They can also “explore” further, which may entail sampling a currently less-than-ideal-brand, so they can... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2114845/learning-experience-simply?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2114845/learning-experience-simply?utm_source=rss_feed Thu, 12 Oct 2017 16:40:26 +0000 [Sponsored Article] All over the world, businesses and governments are aggressively steering consumers away from counter and telephone towards online service. In 2011, the state of Florida enacted a law that required application for unemployment benefit through the internet, an online skills test, and regular reports on search for work. [At time of publication] German airline, Lufthansa, charges American customers more for bookings through its call center than those through its website, while... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2114842/no-internet-no-service-how?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2114842/no-internet-no-service-how?utm_source=rss_feed Thu, 12 Oct 2017 16:31:36 +0000 [Sponsored Article] The venture capital (VC) industry plays an important role in supporting entrepreneurship and innovations in a range of industries. It functions as a gatekeeper, selecting promising new ventures for continued investment and support. It also serves as an intermediary, linking capital providers—large institutions such as endowments, foundations, and pension funds—with young, nonpublic companies that need funds. These young companies potentially can return the investment many... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2114834/breaking-effect-venture-capital?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2114834/breaking-effect-venture-capital?utm_source=rss_feed Thu, 12 Oct 2017 16:23:01 +0000 [Sponsored Article] A one-off event provided HKUST researchers with an unparalleled opportunity to investigate a “hot topic” related to stock markets: post-earnings announcement drift, or PEAD. It is defined as a significantly positive relation between currently announced earnings “surprises” (when results are above or below expectations) and subsequent stock returns. What drives PEAD? What is it correlated with? Why is it stronger for some firms and not others? Why does it not even appear to... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2114831/improved-understanding-market?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2114831/improved-understanding-market?utm_source=rss_feed Thu, 12 Oct 2017 16:10:19 +0000 [Sponsored Article] “Consumers that viewed item j also viewed items j.” Anyone who regularly shops at popular online sites such as Amazon.com, Target.com and Staples.com, will be familiar with this feature, along with “consumers that viewed item j ultimately purchased items j”. Availability of such online consumer data provides new ways for marketers to better understand consumer decisions in a variety of product categories and to use them for better decision making. Jun B. Kim, Paulo... https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2114830/new-search-and-choice-model?utm_source=rss_feed https://www.scmp.com/presented/business/topics/hkust-biz-school-magazine/article/2114830/new-search-and-choice-model?utm_source=rss_feed Thu, 12 Oct 2017 16:01:56 +0000