Attention alumni: Your stock just went up. With the announcement of a new Graduate School of Business campus in Singapore to teach an international executive M.B.A. program, Chicago now has campuses on three continents.
Chicago is the first business school to offer a globally integrated
executive M.B.A. program on three continents taught entirely by
its regular faculty at permanent campus locations, said Dean
Robert S. Hamada at a press conference in Singapore on January
One of the oldest structures in Singapore, the building will undergo extensive restoration and renovation as it evolves into the schools Asian campus. Click here to learn how this national historic landmark will become the GSB's home in Asia.
Think you know Asia? Click here to get the facts on Singapore.
|"Given the questions that are currently being raised about the role of capital markets in the continuing development of Asian and world economies, the timing could not be better for Chicago to spread its wings in Asia."Jack Wadsworth, 63|
|The International Executive M.B.A. Program (IXP) in Singapore
will be taught in sixteen one-week modules spread over nineteen
months. This allows business executives to continue working full
time and to travel from throughout the Asia-Pacific region to
Singapore and the GSBs other locations to attend classes. Classes
will begin midyear 2000 and will be taught by regular faculty.
Enrollment will be limited to eighty executives per year.
The program will provide participants with a truly global immersion in the fundamentals of business, Hamada said. Four weeks of the program will be joint IXP sessions. Students in the Asian program will join students in the North American and European programs for joint sessions in Barcelona, Chicago, and Singapore. The program adds a global dimension to all GSB classes, Eppen pointed out, with advantages extending to all current and future M.B.A. students. Since regular faculty teach IXP courses, they bring the benefit of intense interaction with international executives back to classrooms in Chicago.
All GSB students will encounter faculty who will be much more attuned to what is going on around the world, said Eppen, Ralph and Dorothy Keller Distinguished Service Professor of Operations Management, who noted that he was not the same person when he returned from teaching in Barcelona. Our teaching materials here had been too North Americancentric, I think. Before we opened our Barcelona campus, most of our classroom examples were of North American companies, for instance. Since then, weve worked with companieswith alumni at ING Bank, for exampleto develop European-based teaching materials, including cases.
The Singapore campus adds a further dimension, introducing faculty to Asian companies and ways of doing business. I can testify that firsthand exposure to the unique cultural, social, and historical factors that are special to Asia provides an invaluable overlay to conventional wisdom, said Wadsworth, who has lived and conducted business in Asia for twelve years. Wadsworth points out yet another benefit: the Singapore campus introduces the Chicago school of business to the Asian economic community.
It is more apparent than ever that macroeconomic success at the local and regional level requires a precise understanding of the global forces that result from global capital markets, Wadsworth said. Coming out of the Asian financial crisis is growing recognition that capital markets will favor governments and companies that are well managed and transparent with investors. Since the GSBs academic tradition and research are central to capital market development, a better-educated business community in these disciplines will help Asia to compete effectively. A generation of managers and owners better equipped to deal with the efficient markets of the future will get the Asian miracle back on track and keep it on track.
The government of Singapore is especially interested in a better-educated business community. With a national initiative of becoming the knowledge center of Asia, the country has welcomed the GSB with open arms. Part of its support is financial, with the Singapore Economic Development Board providing start-up funds for the restoration of the House of Tan Yeok Nee.
|Cheng Wai-Keung, 73, who played a prominent role in bringing the GSB to Singapore, is among one thousand alumni located in the Asia-Pacific region, including two hundred in Singapore.|
Chicagos presence will help Singapore increase its competitiveness
and business capabilities, said Teo Chee Hean, Singapores minister
of education. It will also help us harness the skills and forces
that will successfully propel us into the knowledge era of the
twenty-first century, he said.