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Cooperation and Competition among Business Schools

Judy TsuiAssociate Vice PresidentDean, Faculty of Business

Director, Graduate School of BusinessChair Professor of Accounting

The Hong Kong Polytechnic University

2008 International Business School Shanghai Conference

Shanghai Jiao Tong University

November 4, 2008

A Balancing Act

Cooperation and Competition

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Competition

BlueOcean

Cooperation

Value Added

Value InnovationIrrelevant

• How well can one make competition irrelevant?

• How well can one turn cooperation into competitive edge?

Cooperation and Competition

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The Case Of

Management Education Scene in Hong Kong

HKUST EMBA

HKU MBA

HKPolyU?

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Create the Blue Ocean

Value InnovationThe Corner Stone

“Instead of focusing on beating the competition, you focus on making the competition irrelevant by creating a leap in value for buyers and your company, thereby opening up new and uncontested market place.”

Blue Ocean Strategy, by W. Chan Kim and RenéeMauborgne, Harvard Business Press, 2005, p.12

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Financial Tsunami

Working managers seeking further education in mgt

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Doctor of Business Administration (DBA) / Doctor of Management (DMgt) (in Hong Kong and Chinese Mainland)

Launched in 1996; First DBA in HK“Scholar – Manager”The only overseas doctoral program approved by China’s Ministry of Education

First in the world accredited by AMBA

Prof. Robert Dixon, reviewer from AMBA,commended the high quality of our DBA in HK and Mainland, esp. the quality of:

teaching team students and graduands taught subjects supervision process excellent documentation of quality assurance

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CEO, ChinaMotorolaKAO Yueybin

Chairman and CEOChina Unicom (after merger of China Unicom and China Netcom) CHANG Xiaobing

ChairmanAlcatel Shanghai BellYUAN Xin

Director General of Dept. of Science and Technology

Ministry of Information Industry, PRCWEN Ku

PresidentChina Telecommunications Corp.WANG Xiaochu

Chairman and CEOGiordano International LAU Peter

Chairman & CEOChina Mobile LimitedWANG Jianzhou

Deputy MayorShenzhen Government, PRCXU Qin

President, Asia PacificMotorolaLEUNG Simon

PositionOrganizationName

Profile of DBA / DMgt Graduates

Blue oceans will eventually turn

red.

How to make it sustainable?

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Strategies

Keep Innovating Internationalization (Collaboration)

Principles: Relevance & Rigor

Reputation

“The university of the future will be…fundamentally interdisciplinaryin its approach to both teaching and research.”

Nature, Vol. 446, April 2007

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Interdisciplinary FocusThemes of DBA thesis:

Community Policing

Pay Satisfaction

Governance in HK’s Public Hospitals

Green Supply Chain

Eco-Label Design

Strike Motivation & Strike Commitment

Driving Forces of Customer Loyalty

HK Dollar PegManaging Service Quality

Pricing of Electricity in Twelve Asian Countries

Firm Electronics Business Practice

International Exhibition Organizers In China

Leadership Behaviour

DBA Nobel Laureates Forum(Sept 18, 2007)

Nobel Laureates in Economics

Robert Mundell1999

Thomas Schelling2005

Edmund Phelps2006

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Internationalization

Sauder School of Business University of British Columbia

Simon Graduate School of Business University of Rochester

IMD

Renmin University of China

Zhejiang University

EMBA & MSc Quality Management

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Collaboration is sustainablewhen it is of mutual benefit.

In the world today:

Connectivity & Collaboration

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“ Leading firms make strategic investments in collaboration…they believe…that they must discover new skills and organizational arrangements to make collaboration work.”

Based on a study of a range of industries, with interviews ofmore than 100 managers

“Learning the Fine Art of Global Collaboration” by Alan MacCormack and Theodore Forbath, Harvard BusinessReview, Jan 2008

Leading Firms and Collaboration

Role of the Leader: Encourage and Enable Collaboration

“Though past breakthroughs sometimes have come from a single genius, the reality today is that most innovations draw on many contributions.”

“Creativity and the role of the leader” by Teresa M. Amabile and Mukti Khaire, Harvard Business Review, Oct 2008

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Fruitfulness of academic collaboration proved by research

“The Impact of Research Collaboration on Scientific Productivity”, Barry Bozeman and Sooho Lee, 2003

Findings show the positive relationship between collaboration and productivity is remarkably robust

Are we business schools leveraging collaboration well?

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Collaboration within SchoolCollaboration across Schools

Collaboration between B-schoolsCollaboration with Business and Government

Regional CollaborationGlobal Collaboration

Collaboration within School

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Since 2005Partnership with PolyU School of Design, ranked 41st (BusinessWeek)

Collaboration across Schools

MBA (Innovation and Design Management)

Collaboration with Business and Government

The Hong Kong Maritime ScholarshipGovernment supportC.Y. Tung International Centre for Maritime StudiesBusiness/industry supportIMC-Frank Tsao Maritime Library and Research and Training CentreBusiness/industry support

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Global collaboration is the buzz.

We may also think about…

Regional Collaboration

“Regional partnerships are an opportunity that should not be missed. From joint degree programs to collaborative research centres, there are many ways to join forces to exploit the location in the rapidly developing Asian management education and research spaces.”

Asian Management Education: Some Twenty-First-Century Issues, by David Montgomery, Journal of Public Policy & Marketing, Vol 24 (1), Spring 2005, p.150-154

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Mainland CollaborationPolyU, the largest overseas provider of government-approved business education in Mainland

Shanghai Jiaotong UniversitySeminar “Advanced Research in Logistics and MaritimeTransport” (20 Oct 2008)

Tsinghua UniversityMBA Innovation and Design Management

Zhejiang UniversityExecutive MBA; MSc Quality Management

Renmin University of ChinaDoctor of Management; Master of Professional Accounting

Xian Jiaotong UniversityMBA

Nankai UniversityMSc International Shipping & Transport Logistics

Journal of Contemporary Accounting & Economics (JCAE)

Applies economics and legal theoryto accounting/auditing with emphasison empirical research Financial contracts, corporategovernance, capital markets,financial institutions and economicsof organization

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Editorial BoardCo-Editors

Gul, Ferdinand A.The Hong Kong Polytechnic UniversitySimunic, Dan A.The University of British Columbia

Consulting EditorsSchipper KatherineDuke UniversityWatts, Ross L. University of Rochester

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Associate EditorsBall, RayUniversity of Chicago

Bartov, EliNew York University

Bradbury, Michael E.UNITEC Institute of Technology, New Zealand

Cheng, AngesUniversity of Houston

Clinch, GregUniversity of Melbourne

DeFond, Mark L.University of Southern California

Francis, JenniferDuke University

Griffin, Paul A.University of California, Davis

Healy, Paul M.Harvard University

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Associate EditorsJohn, KoseNew York University

Kim, Jeong-BonThe Hong Kong Polytechnic University

Kothari, S.P.Massachusetts Institute of Technology (MIT)

Park, Chul W.Sungkyunkwan University, South Korea

Pownall, GraceEmory University

Richardson, Gordon D.University of Toronto

Shevlin, Terrence, J.University of Washington

Shivakumar, LakshmananLondon Business School

Skinner, Douglas J.University of Michigan

Tsui, JudyThe Hong Kong Polytechnic University

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JCAE SymposiumsJCAE Malaysian Symposium, Kuala Lumpur (Jan 2007)Universiti Utara MalaysiaUniversiti Sains Malaysia

Joint JCAE and AJPT Symposium, PolyU (Jan 2008)Auditing: A Journal of Practice

Half-yearly JCAE Australian Symposium, Sydney (Jan 2008)University of Technology, Sydney

Joint JCAE and CAR Symposium, PolyU (3-4 Jan, 2009)Contemporary Accounting Research

Joint JCAE and SNU Symposium, Seoul (Jan 2010)Seoul National University

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China Accounting and Finance Review《中国会计与财务研究期刊》

Published by Oxford University Press for The Hong Kong Polytechnic University and TsinghuaUniversityOne of the most cited journals on the Mainland(based on Chinese Social Science Citation Index)The First Refereed Journal of Accounting and Finance Published on the Mainland

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Collaboration top quality research

PolyU Faculty of Business ranks No. 78 in the world in UTD (University of Texas at Dallas) top business schools ranking based on research contribution in 24 top business journals

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Collaboration, The Ultimate Competitive Edge