MBA Online

Entrepreneurship and New Business Development
How to develop a successful business by taking into account the vast resources of technology is the focus of this course. But technology alone cannot create a successful business; it requires good ideas, business plans, human resources, an execution strategy, and marketing, just to name a few key components. After understanding how one should approach developing a new business, the students will be exposed to entrepreneurs who have developed businesses, from start-ups to spin-offs. This class offers a great opportunity for students to gain first-hand experience from real CEOs and key executives. At the end of the course, students will be asked to produce business plans that they can potentially convert into real businesses.

ICS , Graduate School of International Corporate Strategy
[Term 3 & 4] Entrepreneurial Management (M. Korver) (2009/Term 3&4 (Spring&Summer))

This course covers the process of identifying and assessing entrepreneurial opportunities, then conceptualizing and planning an enterprise tasked to capitalize on such an opportunity. Students will work in teams to pick an attractive entrepreneurial opportunity (viz., a new technology, new business area, or innovation in an existing market) and develop a business plan, working through issues of opportunity identification and analysis, management team-building and organization, competitive strategy, marketing and sales, and identifying and obtaining necessary resources. We will introduce frameworks necessary to identify and analyze entrepreneurial opportunities and the elements of companies that can quickly define and dominate an existing or new category of business through innovative strategies or disruptive technology.
Course Structure

The course is designed to provide students with the opportunity to gain practical knowledge in how to identify entrepreneurial opportunities and, with limited resources, transform them into successful enterprises. This knowledge will be gained by:
(1) Studying cases of both successful and unsuccessful entrepreneurial ventures
(2) Learning about and applying analytical frameworks to issues commonly faced by entrepreneurs
(3) Examining in detail what a business plan is designed to do, what it contains, how it is developed and written, what are its uses, how to analyze and evaluate the business plan, and what investors look for in a business plan
(4) Providing an environment where students can collaborate to create their own winning business plans as members of entrepreneurial management teams
(5) Interacting with business plan contest judges and hands-on faculty who have deep and recent experience starting and building companies
Teaching Method

The course consists of two sections. Term 3 (Spring) will primarily cover the items (1) through (3) in the previous paragraph and will culminate in a mid-term examination. Term 4 (Summer) will primarily cover items (4) and (5) and will culminate in a business plan competition. Accordingly, the first section consists of regularly scheduled sessions with a mixture of case studies, lectures, and class discussion. Term 4 (Summer) consists of out-of-class collaboration by the team members on development of a business plan with periodic feedback from the faculty. In addition, guest lectures may be scheduled from time-to-time. The details of the business plan competition will be announced during the first class.

ICS , Graduate School of International Corporate Strategy
[Term 2] Accounting & Business Valuation (K. Koga) (2008/Term 1&2 (Fall&Winter))

This course is aimed at MBA candidates who expect at some point in their careers to use financial statements to evaluate the performance of a company and the value of a business. The objective of the course is to provide hands-on experience in financial statement analysis. By the end of the course, you will be able to read firms’ financial statements and also understand how a financial statement can be used to do “fundamental analysis” and equity valuation.

How can we translate “sustainable competitive advantage” into accounting numbers? How about the concepts of “cost leadership” and “core competence”? The course focus is not on the details of accounting rules, but on interpreting strategy from profitability, efficiency, financial health, stability, and so on.
Course Structure

In this course students will be exposed to a comprehensive financial statement analysis and valuation framework that integrates accounting, financial analysis, and valuation.

The first half of the course develops financial statement analysis and an accounting-based valuation framework that integrates accounting numbers and corporate strategy. This will help students understand how strategy is reflected in financial numbers.

In the second half of the course, the fundamental analysis framework will be applied in a variety of business contexts, such as the following:
(1) Valuation of diversification strategy
(2) Valuation of M&A and divestiture
(3) Financial reporting strategy
(4) Financial policies, such as stock repurchase and dividend policy
Teaching Method

The early part of the course will be slide oriented with accounting data. From the midpoint, some cases will be used. Students are expected to analyze financial statement information and prepare case studies thoroughly.

The University of Hong Kong
Admission Requirements

To be eligible for admission to the courses for the MBA (Shanghai) program, candidates
shall hold a degree of this University or another qualification of equivalent standard from this University or from another university or comparable institution accepted for this purpose;
shall have attained a satisfactory level of performance in the Graduate Management Admission Test (GMAT), GRK or equivalent; and
shall be a manager who can provide evidence of successful business experience of at least three years.

An applicant who is seeking admission on the basis of a qualification from a university of comparable institution outside Hong Kong of which the language of teaching and/or examination is not English is required to obtain:
a score of 550 or above in the paper-based Test of English as a Foreign Language (TOEFL) or a score of 213 in the computer-base TOEFL or a score of 80 in the internet-based TOEFL. The HKU code number for TOEFL is 9671; or
a minimum overall band of 6 with no subtest lower than 5.5 in the International English Language Testing System (IELTS); or
Grade C or above in the Overseas General Certificate of Education (GCE); or
Grade C or above in the International General Certificate of Secondary Education (IGCSE); or
Grade C or above in the Cambridge Test or Proficiency in English Language.
Tuition Fees

The total programme fee for the 2008 intake is RMB110,000. The tuition fee will be paid by two instalments for part-time study in Shanghai.

The University of Hong Kong

Master of Business Administration in Shanghai
Program Overview

The Master of Business Administration (International) is a program jointly offered by the Faculty of Business and Economics of the University of Hong Kong and the School of Management of Fudan University in Shanghai. The program is intended for executives with a proven track record as they progress in their business career.

The objectives of the programme are to provide advanced management education which has a multi-disciplinary approach and an international perspective with emphasis on the Asian region, to provide the opportunity for candidates to specialise in a number of fields in management and to develop essential managerial skills in dynamic international business settings. At the end of the programme, candidates are expected to be able to take a strategic overview of management and to analyse the complex and inter-related demands on management from the perspectives of the various stakeholders of the business enterprise within the context both of local needs and the global economy.

The programme was approved by the Academic Degrees Committee of the State Council in 1998 (document number [1998]67, [2000]40, [2001]49, [2003]58) and has been ranked twice as the Best programme of its kind. It is open to graduates who have obtained an undergraduate degree and have attained a satisfactory level of performance in the Graduate Management Admission Test (GMAT), GRE or equivalent. They should also have successful business experience of at least three years.

Marketing

The Marketing Department continuously strives to achieve excellence in research. The faculty members are renowned for high-quality, cutting-edge research, publishing their work in the top international marketing journals, such as Journal of Marketing Research (JMR), Journal of Consumer Research (JCR) and Marketing Science (MS). The Marketing faculty is ranked seventh in the world in terms of the number of papers published in JMR and JCR in 2000-2006 (ahead of Berkeley, Chicago, Carnegie Mellon, INSEAD, MIT, Stanford and Yale).

The goal of the PhD program is to develop outstanding scholars who are able to secure academic jobs at top international universities and to become first-rate contributors to marketing knowledge.

Our program provides solid training in the theory and methods of various subfields of marketing such as consumer behavior and marketing models. Apart from gaining in-depth knowledge, students gain hands-on experience in the research process from the very early stages of the program.

The faculty is highly committed to the PhD program. State-of-the art courses are offered on themes such as information processing, behavioral game theory, experimental designs, judgment and decision making, choice modeling, and analytical marketing science. These courses and the research training are very demanding but at the same time highly rewarding.

A well-equipped behavioral lab and many opportunities for research collaboration with the faculty contribute to the learning experience. In addition, students benefit from two research centers housed in the Marketing Department – the Center for Experimental Business Research and the Center for Marketing and Distribution. Some of our students have published papers in top research journals. The program offers students a very good intellectual environment and enables them to become outstanding researchers. One recent graduate was selected for the Marketing Science Institute’s Young Scholar Program, one of the highest accolades a young researcher in the field can receive.

There is one intake of the HKUST Full-time MBA program every year starts in late August, with two choices of program length - 12 or 16 months. The sample program calendar illustrates course schedule for both options.

Duration
By default, students will be admitted to the 16-month program. The intensive 12-month program is intended for candidates with strong work experience and international exposure. Those interested need to apply for this intensive mode of study upon receiving the admissions offer.

Credit requirements and program fees for both options are the same.

12-month Program
Allows minimum time-off from career while providing the benefits of full-time studies. Intensive schedule throughout to complete the program in one year.

16-month Program
No courses are scheduled in summer to allow for internship opportunity. Students join the international exchange program at our partner schools in the Fall semester of the second year.

First Step
Mandarin Language Training
A pre-session Mandarin language training of three weeks commencing in August will be available for interested candidates. Will be of value to those who plan to take up an exchange program or employment in China.

Residential Program
The first required core, Managerial Problem Solving, is a five-day residential program held in late August that includes class work and an experiential learning program. Case study training and group activities aim to build up cohesiveness.

Pre-course and Orientation
An optional 2-day pre-course focusing on quantitative and computer skills held in late August. Followed by a required half-day orientation to introduce the curriculum, faculty, career services etc.

The HKUST MBA curriculum is designed to develop your ability to operate successfully in a global economy, and manage effectively in the Asian context. There are two main components: required cores (~60%) and advanced electives (~40%). We also provide three areas of concentration for those who want to specialize.

Required Cores
The required cores cover areas in Accounting, Economics, Finance, Marketing, Operation Management, Organization Behavior, Strategy, Communications, Business Laws and Ethics. They are arranged in three tiers - foundation function, and integration - to provide a foundation for further study in chosen areas.

Advanced Electives
Advanced electives comprise over 40% of the HKUST MBA curriculum, allowing participants to strengthen their expertise in particular areas of interest.

Approximately 50 electives are offered each year. A mix of full-time, part-time and exchange-in participants take electives together to encourage integration and experience sharing. Students joining the international exchange program can take electives in partner schools and transfer credits back to HKUST.

Concentrations
We provide three optional concentrations for those who want to specialize in China business, Financial Services, and IT Management. Students interested can apply for a specific concentration by fulfilling credit requirements with the relevant electives.

Course Delivery and Assessment
Course delivery methods range from lectures, discussions, seminars and case analysis to simulation, individual and group projects and presentations. Assessment may include class participation, individual assignments, group projects and presentations, quizzes and exams, depending on the nature of the course. Faculty members select the appropriate mix of delivery and assessment for the best teaching results.

Admission Requirement

The HKUST MBA seeks to bring together a diverse group of participants with a variety of abilities, experiences and academic backgrounds. Applicants are expected to meet the following requirements: Strong bachelor degree:
Applicants for admission to the MBA program must possess a good bachelor’s degree (normally with Honors not lower than Second Class Lower Division or with an average grade of not lower than ‘B’) from a recognized university or approved institution

Minimum 3 year’s full-time work experience after the first degree:
Applicants’ previous work experience will play an important role in the overall assessment of their applications. Applicants are required to have at least 3 years of full-time work experience after obtaining their bachelor’s degree.

Satisfactory GMAT score or HKUST Aptitude Test:
In addition to possessing good scholastic records, all MBA program applicants are required to take the Graduate Management Admission Test (GMAT http://www.gmac.com).

Information about taking GMAT in China can be obtained from web site www.neea.edu.cn. Applicants are strongly advised to schedule the test well in advance of the test taking date (e.g. 3 months) to secure a booking.

Alternatively applicants may choose to sit for the HKUST aptitude test for the Shenzhen MBA program. The aptitude test will be in form of a GMAT diagnostic test, and applicants will be tested on their quantitative and verbal skill.

Take intake2008 for example, 4 training workshops were arranged on Sundays in May, 2008 and the test was scheduled on May 31, 2008 . The total fees for the 4 workshops, study material and the test was HKD 3,000.

A good TOEFL/IELTS result:
Applicants must demonstrate proficiency in English. Those with the following conditions could be exempted from TOEFL/IELTS test: - Whose first language is English; or
- Who attended undergraduate study with English as the language of instruction; or
- Alternatively, candidates can take HKUST English Test held in Shenzhen. The test includes 3 parts- Cloze Passage, Comprehension & Essay, similar with TOEFL; For intake 2008, the English test was in the afternoon of May31, 2008; The fee for English test was HKD500. )

University of Guam

Professional MBA Program
Program Admission

The University of Guam Professional MBA is a competitive program that requires applicants have the following minimum qualifications to be eligible to apply to the program:
Minimum two years of full-time management work experience;
Earned baccalaureate degree from an accredited college or university.

The Professional MBA Admissions Committee bases its decisions on the completed applications which include:
Written essay of a business program for case development
Work history and leadership potential
Letters of recommendation from two or more professional supervisors or associates
Results of the Graduate Management Admissions Test (GMAT), a minimum score of 500 preferred
Minimum undergraduate grade point average of 3.0 for business major or overall cumulative
Official transcripts of all undergraduate work
Met Graduate Admissions Standards of this Bulletin, including passing the Graduate English Proficiency Examination (call the Office of Graduate Studies at (671) 735-2170 or 735-2173 for information on examination schedule and venue)
The Admissions Committee of at least three full-time graduate faculty will select the best-qualified candidates who demonstrate a strong intellectual capacity for business and maturity of management experience. The Admissions Committee gives significant attention to the length of time spent in a management role, progression in job responsibilities, and total work experience including the creation of new business ventures.