Redefining Executive Education

News from ISM

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Professor Jack Hampton

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I am proud to have been part of the ISM family since 2004 when I first began teaching MBA and DBA courses, including Corporate Strategy, Modern Leadership, High Performance Management, Business in the Post-American World, and Legal, Regulatory, and Compliance Issues in International Business.

By any measure, ISM is a leader in graduate education for entrepreneurs, executives, professors, and government officials from around the world. The seminars are alive with critical thinking, challenging observations, and intense sharing of perspectives on how to conduct, improve, and advance management and leadership.

Interaction with ISM candidates enhances my professional work, which lies primarily in the area of risk management. Discussions contributed to concepts presented in my American Management Association books, Fundamentals of Enterprise Risk Management (Two Editions 2008 and 2014) and The AMA Handbook of Financial Risk Management (2014). Ideas spawned in seminars were partly responsible for the books winning two innovation awards and for one of them being selected as an outstanding business reference book of 2012.

Linda Elizabeth McNeely successfully defended her PhD thesis on August 25, 2016. The title was "Drivers of customer satisfaction in adventure travel: The role of novelty, tranquility, and animals." The jury was made up of Professor John Hampton (thesis adviser), Professor Mary Kate Naatus (second examiner), and Professor César Baena (ISM Dean and Director of Doctoral Research).

Learn more about International School of Management PhD courses here.

China is becoming the world’s innovation leader. In a few years China’s major firms have been leaving behind their imitation-based approach to embark on a wave of innovation. Foreign companies are flocking to China seeking to learn from its innovation developments in engineering, science, commercialization, and management models.

During the past three decades, China’s economic growth was staggering, rising about 9.4 percent a year on average. This unparalleled rate of growth was largely based on the production of cheap goods for export. However, a radical shift is currently taking place: China is transforming itself into a consumption-driven economy. Rising costs and a declining labour force are helping bring about this challenging conversion.

If China is to succeed the transition from a production-based to a more balanced and competitive economy, it needs to enhance its innovation capabilities. This is actually happening in many sectors. Chinese companies are finding new ways to innovate, improve processes across the board, and commercialize products. Overall, lead times are being reduced by innovative ways of reengineering products. Examples of this innovative approach to processes and production can be found in firms in various sectors: Haier (electro-domestics), Lenovo (computers), Huawei (mobile phones), and Baidu (search engine), to name but a few.

China’s innovation wave is fueled by its large manufacturing ecosystem and its still untapped army of consumers. As a result of this unique combination, commercialization times are faster and cheaper. The concept of "accelerated innovation" (AI) explains well what is going on in many leading Chinese companies. Products resulting from R&D and innovation practices are launched and tested in the market more rapidly and at a lower cost (Williamson and Yin, "Accelerated Innovation: The New Challenge from China", MIT Management Review, summer 2014).

To become a truly global leader in innovation, however, China will still have to overcome some hurdles; among which, long authorization processes, unenforced intellectual property legislation, strict rules for FDI in sectors such as banking and finances. Having said that, foreign companies need to be part of the innovation page that China is writing. Its effects on production, commercialization and management practices will be felt globally. Having activities in China is crucial for companies with aspirations to become global leaders. Not only because of the opportunities of a vast consumer-driven economy, but also because of the implications the innovation transformation taking place there will have for production and business practices the world over.

Interested in doing business in China? Build your expertise by participating in the two-week program in Shanghai with International School of Management. Seminars include 'Doing Business in China,' 'Marketing in China,' 'Foreign Direct Investment and Multi-National Enterprises in China and Chinese Firms,' and 'Chinese Economy.' This email address is being protected from spambots. You need JavaScript enabled to view it. today to inquire.

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César Baena, Ph.D
Dean and Director of Doctoral Research 

ISM DBA alumnus Victor Arnold was appointed Vice President of Sales and Marketing for Europe, the Middle East, and African markets at Sullair. The VP of Sales in the Americas says, “With a number of upcoming product launches, Victor will help Sullair prioritize its efforts, execute our new product introductions, develop our distribution and sales partner network, and understand our distributors’ and customers’ perspective with increasing clarity.”

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The International Journal of Teaching and Case Studies recently published Professor Michael Neubert’s article, “How and why born global firms (BGF) differ in their speed of internationalisation: A Multiple Case Study Approach.” He discusses the importance of the skills of the entrepreneur and the management team, the business model of the BGF, and the uniqueness of the technology and the product portfolio, among other things. Michael graduated from ISM’s PhD program in 2015.

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