Finance, Forex and Investments

코리아타임즈 칼럼 배기표

Summary: Korean Style MBA Schools Necessary Pae Ki pyo By Pae Ki pyo Contribution Writer Many leaders including Henry Kissenger the former U S secretary of state and Mahathir Mohamad the former prime minister of Malaysia are anticipating that the central axis of the world economy will move toward Korea China Japan India and ASEAN Even in the aftermath of the U S originated economic crisis that occurred due to the sub prime loan incident Asia is showing the soundest and fastest recovery and that is a signal indicating that the area can become the center of the world economy in the short term based on a stable economic structure and system In addition the competitive power of high value added industries like IT and the bio industry and the enormous potential growth power of ASEAN the emerging countries based on outstanding human resources will become the new driving engine of the future world economy in the long term Particularly it needs be noted that recently the Asia region is playing the initiative not only in silk production activities but also in overall areas of consumption investment and the economy and is stretching a big hand to the MA merger and acquisitions market the sector owned by U S and European companies That is because it all means the extension of specialized management of the human resource market that will create the Asian era In such an economic environment a Korea style MBA is drawing attention Under the slogan ``Securing a Global Competitive Edge and Fostering of Management Talent Specialized in Korean Entrepreneurial Characteristics 39 Korea style MBAs are in successful operation in 13 universities in the nation along with Seoul National University where the author is enrolled The MBAs are extensively staffed with outstanding faculties of professors armed with lecture experience at overseas top MBA programs and considering the recent high exchange rate their affordable tuition is half as cheap as those overseas which is working as a big advantage Korea style MBAs well settled through active efforts of government and each university now will have to prepare for the Asian era In other words now is the time to foster a specialized management workforce for the Asian era by abstaining from the extension of appearance only but by enhancing the quality of education programs First off Korea style company management cases will need to be sufficiently covered Presently most MBA programs are using cases offered by overseas MBA schools such as Harvard Business School For the compliance with the slogan fostering of talents specialized in Korea style entrepreneurial characteristics alone systematic development and analysis of domestic cases are necessary In particular the experience of having successfully overcome the late 1990s currency crisis through highly intensive restructuring and the reformation of government and companies will offer magnificent cases in overall sectors of business administration including human resources finance global management and entrepreneurial spirit Hence each university will have to strengthen efforts to analyze domestic cases and offer relevant data Establishment of case development dedicated departments and the extension of university industry collaboration are a few good examples of these efforts When thorough analysis and understanding of such domestic company management cases follow overseas talents will gather on domestic MBA courses Through the successes and failures of Korean companies they will be able to learn about the Korea economy properly and the main axis of the Asian economy era and as a result a positive circle that can help the Korea economy either directly or indirectly will later be created Secondly the university industry collaboration system needs to be reinforced Through tie ups of major Asian companies in diverse industries academic synergy will be created Internships or academy consulting programs offered by major companies will create opportunities at which various management issues and analyses of applicable companies handled in the MBA curriculum can be practically utilized In this process companies will also be able to receive fresh ideas from an outside perspective Thirdly under the newly structured world economic map new leadership and vision will be required when the Asian era comes It will be necessary to propose a new vision for the Asian era that turns it into one of collaboration and mutual survival beyond the relations of competition and conflict and to strengthen integrated leadership education that comes with this When such efforts are maintained in parallel Korea style MBAs will be able to improve global competitiveness and make the country the economic cadet school of the Asian economy era Pae Ki pyo is a certified public accountant in Delaware State in the United States and he is currently studying an MBA at Seoul National University He can be reached at consultant snu ac kr Korean Style MBA Schools Necessary Pae Ki pyo By Pae Ki pyo Contribution Writer Many leaders including Henry Kissenger the former U S secretary of state and Mahathir Mohamad the former prime minister of Malaysia are anticipating that the central axis of the world economy will move toward Korea China Japan India and ASEAN Even in the aftermath of the U S originated economic crisis that occurred due to the sub prime loan incident Asia is showing the soundest and fastest recovery and that is a signal indicating that the area can become the center of the world economy in the short term based on a stable economic structure and system In addition the competitive power of high value added industries like IT and the bio industry and the enormous potential growth power of ASEAN the emerging countries based on outstanding human resources will become the new driving engine of the future world economy in the long term Particularly it needs be noted that recently the Asia region is playing the initiative not only in silk production activities but also in overall areas of consumption investment and the economy and is stretching a big hand to the MA merger and acquisitions market the sector owned by U S and European companies That is because it all means the extension of specialized management of the human resource market that will create the Asian era In such an economic environment a Korea style MBA is drawing attention Under the slogan ``Securing a Global Competitive Edge and Fostering of Management Talent Specialized in Korean Entrepreneurial Characteristics 39 Korea style MBAs are in successful operation in 13 universities in the nation along with Seoul National University where the author is enrolled The MBAs are extensively staffed with outstanding faculties of professors armed with lecture experience at overseas top MBA programs and considering the recent high exchange rate their affordable tuition is half as cheap as those overseas which is working as a big advantage Korea style MBAs well settled through active efforts of government and each university now will have to prepare for the Asian era In other words now is the time to foster a specialized management workforce for the Asian era by abstaining from the extension of appearance only but by enhancing the quality of education programs First off Korea style company management cases will need to be sufficiently covered Presently most MBA programs are using cases offered by overseas MBA schools such as Harvard Business School For the compliance with the slogan fostering of talents specialized in Korea style entrepreneurial characteristics alone systematic development and analysis of domestic cases are necessary In particular the experience of having successfully overcome the late 1990s currency crisis through highly intensive restructuring and the reformation of government and companies will offer magnificent cases in overall sectors of business administration including human resources finance global management and entrepreneurial spirit Hence each university will have to strengthen efforts to analyze domestic cases and offer relevant data Establishment of case development dedicated departments and the extension of university industry collaboration are a few good examples of these efforts When thorough analysis and understanding of such domestic company management cases follow overseas talents will gather on domestic MBA courses Through the successes and failures of Korean companies they will be able to learn about the Korea economy properly and the main axis of the Asian economy era and as a result a positive circle that can help the Korea economy either directly or indirectly will later be created Secondly the university industry collaboration system needs to be reinforced Through tie ups of major Asian companies in diverse industries academic synergy will be created Internships or academy consulting programs offered by major companies will create opportunities at which various management issues and analyses of applicable companies handled in the MBA curriculum can be practically utilized In this process companies will also be able to receive fresh ideas from an outside perspective Thirdly under the newly structured world economic map new leadership and vision will be required when the Asian era comes It will be necessary to propose a new vision for the Asian era that turns it into one of collaboration and mutual survival beyond the relations of competition and conflict and to strengthen integrated leadership education that comes with this When such efforts are maintained in parallel Korea style MBAs will be able to improve global competitiveness and make the country the economic cadet school of the Asian economy era Pae Ki pyo is a certified public accountant in Delaware State in the United States and he is currently studying an MBA at Seoul National University He can be reached at consultant snu ac kr

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