Engulfed by the hustle and bustle of
Shanghai’s busy streets, our bus headed to Fudan University early in the
morning. Surprisingly, we already got used to taxis, cars, bikes,
scooters, motorbikes and pedestrians coming from all directions and never in
small numbers. There are 1.4 billion people in China; a rush hour journey of
the morning commute makes this number very apparent.
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| "China Economic Briefing" by Dr. Wang |
Employed by a hypothetical beauty products
company, four teams of students presented a Chinese or Singapore/SE Asian
market entry strategy. Their market entry decisions were based on the CAGE
framework, which is used to identify and integrate the cultural,
administrative, geographic, and economic dimensions. Ray Lello, Executive MBA for Strategic Leadership, shared his view on his team's dynamics, "It is difficult to combine the work experience, varying backgrounds, and time zone variations across eight professions, however the RP3 Synthesis challenges the EMBA students to do just that. Through multiple teleconference meetings and countless communications, our team built a presentation that addressed areas we were previously not familiar with in a concise, articulated manner. Referring to the process as challenging is an understatement, however, testing our comfort levels is part of the progression that certainly aids our growth as leaders".
After lunch, Dr. Chunrong Liu, an Associate Professor at the School of International Relations and Public Affairs, Fudan University, introduced the topic of political and social state in China. Dr. Liu navigated the students through socio-political transformation of China, focusing on the major challenges and opportunities arising from China’s modernization in the age of globalization. Next, Dr. Wang, CEIBS University, analyzed the phenomenon of China's growing wealth and power, diving into the topic of China’s financial and legal risks of seeking foreign investments. Mr. Young, Director, Hill and Associates, wrapped up with an in-depth discussion of risks, associated with China's integration into global economy.
After lunch, Dr. Chunrong Liu, an Associate Professor at the School of International Relations and Public Affairs, Fudan University, introduced the topic of political and social state in China. Dr. Liu navigated the students through socio-political transformation of China, focusing on the major challenges and opportunities arising from China’s modernization in the age of globalization. Next, Dr. Wang, CEIBS University, analyzed the phenomenon of China's growing wealth and power, diving into the topic of China’s financial and legal risks of seeking foreign investments. Mr. Young, Director, Hill and Associates, wrapped up with an in-depth discussion of risks, associated with China's integration into global economy.
At
the end of the day, Buddy Lee, Sr. Account Manager, Industrial Information
Resources, shared his expectations for the upcoming week, “I am looking forward
to the site visits because we will be discussing the CAGE parameters with our
hosts. To hear from actual businesses that have made the decision that we are
trying to make, especially after our first CAGE experience today, where our
overall team recommendations are evenly split between Shanghai and Singapore,
will be intriguing. In addition, the plant visits (Lear in particular for me
since I am an aviation fan) should be very interesting. So far, I am excited
about this trip and the expectations that I had are being realized. My hat is
off to the entire UT Staff for arranging this trip; even with the jet-lag it is
far better than trying to understand these topics in the abstract and, so to
speak, in the “Ivory Tower” at UT. In other words, I find it far better to
experience this reality than taking the easy road by staying home.”
