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- SKK GSB Professor Suil Pae publishes study on Career Concerns, Investment, and Management Forecasts
- Professor Suil Pae's paper, "Career Concerns, Investment, and Management Forecasts," has been accepted for publication in The Accounting Review, the premier journal for publishing articles reporting the results of accounting research and explaining and illustrating related research methodology. Abstract A firm manager is concerned about both the firm value and the market assessments of his abilities. When investing in a project, he has private knowledge of his project-related ability that interacts with the project investment, and his general ability that produces a cash flow independent of the project cash flow. The concerns about the general (project-related) ability assessment create a signaling incentive to decrease (increase) investment. In the presence of underinvestment (overinvestment), higher-quality earnings information reduces (improves) equilibrium efficiency. When the manager issues an earnings forecast as an additional signaling device, the forecast is upwardly biased, and the equilibrium investment is smaller than that without a forecast. The latter is because the signaling incentive to decrease investment is strengthened. When the manager’s concerns about the general ability assessment are relatively large, he is better off by committing to no forecast. Novel empirical predictions about investment and earnings forecast emerge. Keywords Career concerns, investment, earnings forecasts, Efficiency
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- 작성일 2022-05-23
- 조회수 9443
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- [Dong-a Ilbo] SKK GSB, raising global MBA graduates to lead business innovation
- Sungkyunkwan University’s SKK GSB, raising global MBA graduates to lead business innovation All courses include data science and analytics. New course open: Business Analytics MBA SKK GSB is again ranked 1st in Korea in the Financial Times (FT) Global MBA rankings. Among top 100 global MBAs, the school ranked 30th for investment value, 29th for promotion, and 15th in international experience. This is also the school’s 11th consecutive year among the world's top 100 MBAs. As SKK GSB Dean Eric Shih says, “In recent years, business has changed more rapidly than ever before, digitalization has progressed in most fields, and data is now the language of business. We have been raising global MBA students who can lead this continuing business innovation.” SKK GSB updates all programs’ curricula every year, enhancing digital competitiveness; the school has also introduced new courses such as the Business Analytics MBA and AI MBA. Chaewon Yoon (Full-Time MBA) is pursuing both a management track and a business analytics track. His objective is to cultivate a broad understanding of data and business analysis, and acquire professional knowledge on the latest management strategies and issues. He chose this path because these are considered the key factors to improve competitiveness in today’s job market. In fact, Sangyeol Kim, an alumnus working in a smart manufacturing solution company, was pleasantly surprised when he contacted SKK GSB to recruit skilled graduates. A decade since his graduation, the Full-Time MBA now covers various data and analytics subjects such as database management, business analytics, marketing, and financial analysis, in addition to previous course content. Mr. Kim says, “These days, it is very difficult to find skilled people who understand data and AI, and who have global business capabilities, not only in Korea but also elsewhere.” He welcomed the change in the curriculum as there will be greater need for such hybrid skills in the near future. The Full-Time MBA program (daytime) is a high-ranking global MBA program in which 58% of freshmen and about 70% of the faculty are from overseas. The program offers dual degree programs with Indiana University Kelley School of Business (US), Maurer School of Law (US), and EDHEC Business School (France). There are tracks in four areas一marketing, finance, strategy, and business analytics一and students can expect to improve their expertise and career competitiveness. The Indiana Kelley-SKK GSB Executive MBA program (weekends) is operated jointly by both schools. Faculty from IU Kelley School of Business teach 55% of the programs, and students obtain two MBA degrees一one from each university. This program is for working professionals with at least eight years’ work experience. The Professional MBA program (evenings) focuses on fundamental business management knowledge in the first year. Students then select specialist courses in marketing, finance, or management strategy. In this program, students can take either a one-year online MS program from IU Kelley School of Business, or a one-year on-site MBA program (daytime) at IU Kelley’s campus in Indiana. The Business Analytics MBA course (weekends) simultaneously develops data analysis competency and related MBA knowledge. The course involves intensive study in specialized data fields such as programming, big data, cloud computing, and digital and social media analysis. The MMS (Master in Management Studies, weekend) is a two-year program operated jointly by SKK GSB, EDHEC Business School in France, and UC Berkeley Haas School of Business in the United States. Graduates obtain two Master of Business Administration (MS) degrees from SKK GSB and EDHEC. The AI MBA course (weekends) is a contract course for companies developing in-house AI experts. AI subjects are taught in Korean, while business subjects are taught in English. SKK GSB is accepting applications for the 2022 freshmen until May 20 for programs other than the Business Analytics MBA. More details can be found on the SKK GSB website or by phone. (gsb.skku.edu, Tel. 02-740-1520, 1530, 1533). Related article: Dong-a Ilbo on April 21st https://www.donga.com/news/Society/article/all/20220420/112982376/1
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- 작성일 2022-04-28
- 조회수 15161
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- 'PEOPLE ANALYTICS' of Professor Basbug
- Using data from hiring the right person and identifying high-performers PEOPLE ANALYTICS of professor Gokce Basbug In recent years, data has become the language of business as almost all management decisions are based on analyzing data from various angles. This applies equally to human resource management. Today, companies are using data more and more to make decisions about their workforce, from hiring the right person, and identifying high-performers, to determining collaboration patterns between employees. Accordingly, managers can design and implement more effective human resource management techniques using scientific methodologies and rigorous statistical techniques. This field is called “People Analytics”, and companies are using this more and more to increase organizational efficiency. Prof. Gokce Basbug from Sungkyunkwan University SKK GSB studies human resource management and organizational behavior. Prof. Basbug’s People Analytics class teaches important aspects of human resource management, focusing on data analysis. In particular, MBA students are taught theoretical foundations for key personnel decisions—e.g., employment, departmental transfers, promotions—along with data analysis techniques for effective human resource management. Professor Basbug says, “It’s highly regrettable that companies and managers do not properly understand or utilize data despite the rapid development in data storage and management technology. Also, the application of data management and analysis cannot depend only on technical skills such as data organization and software use.” Prof. Basbug stresses that it is necessary to understand theory underpinning complex relationships in the workplace, and that data is merely numbers without the foundation of such understanding. Prof. Basbug's People Analytics classes deal with human resource management concepts such as human capital theory, intra-organizational movement, and turnover. For example, students study a model to predict job applicants’ performance, and a survival model to determine factors that induce turnover. Gyehyeon Park (Professional MBA) reports on her experience on this course: “This class really helped students who work as managers in an increasingly complex and diverse environment, or who are striving to become business leaders or CEOs.” She adds, “It taught us how to manage the workforce efficiently, how to analyze and present data empirically, and what conclusions management needs.” The People Analytics class features special lectures by experts in people research and data solutions in the United States, by full-time professors working as HR digital transformation experts in Europe, and by SKK GSB alumni. They share vivid examples from leading companies on how to predict performance when hiring new employees, and on what analysis is possible regarding movement and promotion, so students are more easily able to apply the theories and skills learned in the classroom. Prof. Basbug reflects, “It’s really a rewarding experience when students tell me that they’ve led their teams or managed departments with the skills they’ve learned in my class.” Related article: Maeil Business Newspaper on April 20th https://www.mk.co.kr/news/special-edition/view/2022/04/350118/
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- 작성일 2022-04-22
- 조회수 15807
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- Career jump story of Gabi Yoon, Full-Time MBA class of 2019
- [Maeil Business Newspaper - Alumni Interview] Career jump at SKK GSB Gabi Yoon, Full-Time MBA class of 2019 I was born in Switzerland, and always wanted to make Korea known to the world, so I wanted to act as a bridge connecting Korea and Europe. Although I was already working in a marketing company in Switzerland, since I believed in Korea’s potential and wanted to contribute my knowledge and skills to its innovation, I came to Korea and enrolled on an MBA course. I joined this MBA course, and gained professional marketing skills and a very successful career thereafter as a digital marketing specialist. Now, after my successful career jump, I’m working as a consumer intelligence and marketing consultant at Samsung Group In-house Consulting, and in S-Core, which leads digital transformation. I conduct strategic consulting based on digital marketing operation and digital effect analysis. Motivation to enroll the MBA program at SKK GSB I thought that as a digital marketer who majored in design thinking, it would be helpful to have more expertise in business, economy, and finance to improve my work skills and for my career. Even before I entered, I’d seen many of my friends and acquaintances who graduated from SKK GSB get jobs in globally powerful companies such as Google and Samsung, and they developed greatly in their professional careers quickly. Not only did SKK GSB have global professors with excellent research results, but it was also impressive to see the curriculum operating tracks that allow in-depth specialist learning. MBA experience was helpful Most of the knowledge that I learned from the MBA classes is directly helpful and effectively used in my work. I am in particular benefiting a lot from the first semester classes such as Management, Economics, Finance and Data Analysis. SKK GSB professors use various teaching methods to elevate student participation and encourage students to constantly question themselves while thinking critically. Thanks to this, I got used to thinking deeply, and giving opinions widely. After the MBA, I always took the initiative, and became confident in solving problems. Specifically, when I was recently analyzing social listening data in Escore, I applied the analytic skills that I learned in Prof. Yanbo Wang’s Quantitative Analysis class. When it comes to contracting, or when we need Win-Win negotiations, the client/partner acquisition skills from Prof. Adam Castor’s Negotiation class are of great help. I focus on the value of what I create when I work rather than just on the activity. I also try my best to help the company and our clients to develop. What was the most difficult thing while you are studying? In the SKK GSB Full-Time MBA course, I studied with students from more than 10 countries. I found it a big challenge to distribute roles considering the language and cultural differences of the team members and the strengths and weaknesses of each team. It was not easy to create synergy by integrating so many different opinions considering that we all came from different backgrounds. During the MBA period, numerous projects were carried out, and we experienced and resolved some conflicts with team members. This experience at the same time became a great opportunity to me as it helped me to develop my ability to integrate with people with different opinions, and to move toward a shared goal. Thanks to this opportunity, my interpersonal skills have also improved. Advice for prospective students I highly recommend taking an MBA for anyone who wants a transition or career development. I developed my career, and learned a lot more than I expected. I keep in touch with my friends from various fields and my professors at SKK GSB. While working at the Korea MBA Association, I often interacted with MBA students from other schools, and met many people at work even after we graduated. The MBA experience was an opportunity in my life where I reflected greatly on myself, and developed a lot as an individual. Related article: https://www.mk.co.kr/news/special-edition/view/2022/04/350118/
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- 작성일 2022-04-21
- 조회수 15971
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- SKK GSB focuses on digital competitiveness through its global MBA with a dual degree abroad
- SKK GSB focuses on digital competitiveness through its global MBA with a dual degree abroad Professional MBA program building core business management competencies High interest from working professionals in the Business Analytics MBA program SKK GSB has been ranked first in Korea each year since 2012 in the Financial Times (FT) Global MBA rankings. Among 100 MBA programs in the world, the school ranked 20th in investment value, 29th in promotion, and 15th in international experience in 2022. Nurturing professionals with data capabilities SKK GSB updates all programs’ curricula every year. Subjects enhancing digital competitiveness have been added to each program, and a business analytics track was added to the full-time MBA (daytime) program last year. SKK GSB teaches subjects such as business intelligence, AI and machine learning, digital age corporate strategy, digital and social media analysis, data visualization, digital marketing, and finance analytics. As SKK GSB Dean Eric Shih says, “In recent years, business has changed more rapidly than ever before, digitalization has progressed in most fields, and data is now the language of business. For that reason, we have been raising MBA students who can lead this continuing business revolution.” SKK GSB is currently running six programs: Full-Time MBA (18 months, daytime), Professional MBA (2 years, evening), Indiana Kelley–SKK GSB EMBA (18 months, weekend), Business Analytics MBA (2 years, Saturdays), AI MBA (2 years, Saturdays), and MMS(Master in Management Studies, 2 years, daytime). The Full-Time MBA is a global program on which approx. 70% of the faculty are from overseas. Dual degree programs are available with Indiana University Kelley School of Business, Indiana University Maurer School of Law, and EDHEC Business School. The Full-Time MBA consists of business analytics, marketing, finance, and strategy tracks. Chaewon Yun, a Full-Time MBA student taking both the Management and the Business Analytics tracks says, “I took this course to acquire professional knowledge on the latest management strategies and issues, and a broad understanding of data and digital business analysis at the same time… I expect that it will be advantageous in practice after getting a job.” Discovering Global leaders who can lead business innovation The Professional MBA is an evening MBA program for working professionals. In the first year, students build fundamental business management knowledge, and select specialist courses in marketing, finance, or management strategy. This program has an option to take either one year of Indiana University Kelley School of Business’s MS programs online, or one year of Indiana University Kelley School of Business’ MBA program (daytime) by visiting Indiana University Kelley School of Business in person. The Indiana Kelley–SKK GSB Executive MBA Program is a dual degree Executive MBA program run by both schools. Faculty from Indiana University Kelley School of Business teach 55% of the programs, and students can obtain two MBA degrees: one from each university. SKK GSB explains that this is a process for those with expertise in various fields to develop as managers. The Business Analytics MBA develops data analysis competency and MBA knowledge at the same time. Students start with basic subjects such as programming and statistics, and study intensively on specialized data areas such as big data, cloud computing, business matrices, and deep learning. This course is attracting high interest among working professionals who want to boost their competitiveness in the field of analytics. The AI (Artificial Intelligence) MBA is a contract course for companies fostering in-house AI experts. This is a convergence program taught by faculty from SKK GSB, Sungkyunkwan University’s Software and Computer Engineering Departments, and by external data experts. AI courses are taught in Korean, while business courses are taught in English. The MMS is a two-year program jointly conducted by SKK GSB, UC Berkeley Haas School of Business, and EDHEC Business School. Students take lectures at these three schools in Korea, the US, and France in their studies to become business professionals. Graduates simultaneously acquire a Master of Science (MS) degree from SKK GSB and EDHEC. SKK GSB is recruiting new students for the 2022 academic year, with interviews on 20th April and 20th May. More details can be found on the SKK GSB website. Related article: Korea Economic Daily on April 13th https://www.hankyung.com/society/article/2022041297011
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- 작성일 2022-04-21
- 조회수 13925
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- SKK GSB, raising global MBA graduates who lead the business revolution
- SKK GSB, raising global MBA graduates who lead the business revolution Annual updates of curricula such as Business Analytics and ESG Strategy SKK GSB is ranked first in Korea in the Financial Times (FT) Global MBA rankings. Among 100 MBA programs in the world, the school ranked 30th for investment value, 29th for promotion, and 15th for international experience. As SKK GSB Dean, Eric Shih says, “in recent years, business has changed more rapidly than ever before, digitalization has progressed in most fields, and data is now the language of business, while ESG management is attracting attention. For that reason, we have been raising MBA students who can lead this continuing business revolution.”. SKK GSB has updated all programs’ curricula every year, enhancing digital competitiveness and up-to-date business strategies. Indiana Kelley–SKK GSB EMBA program’s Kyuho Lee recently took the ‘ESG Strategy’ course, which he found very interesting. “ESG is often thought of as a corporate’s social contribution, but in this class, I learned that ‘ESG management’ is a strategy that creates a virtuous cycle by generating corporate profits through social contribution.” He said, “In a larger context, I am convinced that ESG is one of the pillars that enable sustainable development and company growth along with AI.” Professor Tai-Young Kim, who teaches this class, compares Tesla, Patagonia, and Pink Ribbon campaigns, and asserts that successful ESG strategies are deeply related to a company’s core competencies, products, and technologies. An effective ESG strategy increases a company’s competitive advantage, and opens new markets and business opportunities. The CEO’s strategic direction is most important in determining a company’s success or failure. EMBA students thus study business strategy subjects such as competitive strategy, corporate strategy, and ESG strategy step by step in detail. Meanwhile, another alumnus, Sang-yeol Kim, who works at Vistelligence, a smart manufacturing solution company, was very surprised when he contacted SKK GSB to find applicants with English proficiency and manufacturing experience. This is because SKK GSB teaches many digital subjects such as business intelligence, marketing, and financial analytics, and machine learning in the Full-Time MBA program which he graduated from 10 years ago. He said, “These days, it is very difficult not only in Korea but also in the United States to find talented people who understand data and AI but who also have global business capabilities, and I’m sure there will be growing demand for people who have these capabilities.” SKK GSB is currently running six programs: Full-Time MBA (18 months, daytime), Professional MBA (two years, evening), Indiana Kelley – SKK GSB EMBA (18 months, weekend), Business Analytics MBA (two years, Saturdays), AI MBA (two years, Saturdays), MMS (Master in Management Studies, two years, daytime). The Full-Time MBA is a global program in which approx. 70% of the faculty and 58% of incoming students are from overseas. Dual degree programs are available with Indiana University Kelley School of Business, Mauer School of Law, and EDHEC Business School. The Indiana Kelley–SKK GSB Executive MBA Program is a dual degree Executive MBA program run by both schools. Faculty from Indiana University Kelley School of Business teach 55% of the programs, and students obtain two MBA degrees: one from each university. This program is for working professionals with at least eight years’ work experience. The Professional MBA is an evening MBA program for working professionals. In the first year, students build fundamental business management knowledge, and select specialist courses in marketing, finance, or management strategy. This program has an option to take either one year of Indiana University Kelley School of Business’s MS programs online, or one year of IU Kelley’s MBA program (daytime) by visiting IU Kelley in person. The Business Analytics MBA develops data analysis competency and MBA knowledge at the same time. Students study intensively in programming, big data, cloud computing, digital and social media analysis, and specialized data fields. The MMS is a two-year program jointly conducted by SKK GSB, EDHEC Business School, and UC Berkeley Haas School of Business. Graduates simultaneously acquire a Master of Science (MS) from SKK GSB and EDHEC. The AI MBA is a contract course for companies fostering in-house AI experts. AI courses are taught in Korean, while business courses are taught in English. SKK GSB is recruiting new students for the 2022 calendar year. Business Analytics MBA recruitment ends on 20th April, and recruitment for other courses end on 20th May. More details can be found on SKK GSB website. Related article: Maeil Business Newspaper on April 20th (Korean article) https://www.mk.co.kr/news/special-edition/view/2022/04/350118/
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- 작성일 2022-04-21
- 조회수 7625
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- "SKK GSB was a turning point in my life." by Hyunseok Ji (PMBA, Class of 2022)
- SKK GSB Professional MBA alumnus Mr. Hyunseok Ji, who now works to improve profitability in LG Energy Solution’s Automotive Battery Division, shared how his life-changing experiences at SKK GSB have influenced his career. He noted that his learning experiences at SKK GSB assisted him in creating innovative outcomes through strategic decision-making with a new perspective. He also highlighted the importance of differentiating strengths and of excellent problem-solving skills in our rapidly-changing world. Read the full interview below: 1.Could you tell us a little bit about yourself? I am Hyunseok Ji, and I graduated from the Professional MBA program at the end of last year. I am responsible for improving profitability and productivity in LG Energy Solution’s Automotive Battery Division. 2.What were your reasons for doing the MBA, and why did you choose SKK GSB? I chose an MBA to develop a mindset to understand business in diverse ways. I majored in mechanical engineering as an undergraduate, but when I worked as a purchasing officer, I had to work with sales, development, planning, cost, and quality assurance representatives from partner companies. That was when I realized that I needed not only technical know-how, but also an understanding of the business administration aspect. In particular, as I worked on improving profitability, I felt that I needed the knowledge and perspective to look at business in various ways, so I became interested in the MBA program. The MBA was also a fascinating opportunity to meet students and alumni from a variety of fields, and it helped me to enrich my working life. My highly-motivated classmates were especially stimulating. Among MBA programs in Korea, I found the program at SKK GSB most attractive as it offered 100% English-medium MBA classes applying the latest management theory to a practice-oriented curriculum. 3.Please share how what you learned during your MBA program has contributed towards your work. In an assignment in the Product Service Design course, we selected a company, and drew a product life cycle and roadmap to propose a new business model. In that assignment, I analyzed the initial model, and successful and unsuccessful projects by investigating personal mobility companies that have various products. After that, I suggested future business strategies such as localization and subscription. Another notable course was the Project Workshop. In that course, we had regular meetings with actual tech startup managers to discuss product strategies and mid-to-long-term operation plans, and we devised improvement roadmaps. I’m certain that this experience of analyzing and discussing business models, and formulating differentiation strategies with actual CEOs and CTOs was a great help in expanding my business perspectives. These classes have assisted me a lot in the process of strategic decision-making, and have helped me to create the innovative outcomes required in my job. 4.Please give a word of advice to prospective applicants who are considering an MBA. In a rapidly-changing world, I believe that it is crucial to differentiate our strengths, and to develop excellent problem-solving skills. Now I’m sure that an MBA is not only a platform for acquiring the knowledge of business and economics, but also a place to redefine our careers and directions in life by reflecting on ourselves. Related article: Korea Economic Daily on April 13th (Korean version) https://www.hankyung.com/society/article/2022041296831
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- 작성일 2022-04-21
- 조회수 6519
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- [Global Leader Speaker Series] Digital Transformation and Open Innovation by John Hanjoo Lee, CEO of Bespin Global
- SKK GSB’s next “Global Leader Speaker Series”, will feature the entrepreneur and startup investor John Hanjoo Lee, the co-founder, and CEO of Bespin Global, who will speak on the theme of “Digital Transformation and Open Innovation”. In light of the collapse of the boundaries of industry, and given that speed and convergence have become power, Mr. Lee will share his insights into effective digital transformation. Get ready for the special discussion next Monday! Monday, April 11th, 7 PM Click here to Register About John Hanjoo Lee and Bespin Global John Hanjoo Lee is a serial entrepreneur and startup investor. He is passionate about cloud computing, startups, and global entrepreneurship. With more than 20 years’ experience of IT infrastructure management, he founded Bespin Global in 2015. Bespin Global is a cloud managed service provider (MSP) operating in 12 cities in eight countries, including Korea, China, the United States, the Middle East, Southeast Asia, and Japan. The company helps large enterprises adopt both private and public cloud services through professional services, managed services, and OpsNow (a proprietary multi-cloud management platform). Since its founding in 2015, the company has grown, and now has over 950 employees and more than 3000 customers such as Samsung Electronics, SK Telecom, and other large businesses.
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- 작성일 2022-04-07
- 조회수 8704
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- SKK GSB Professor Kyeongheui Kim: An Unintended Consequence of Product Upgrades
- Professor Kyeongheui Kim’s paper “An Unintended Consequence of Product Upgrades: How Upgrades Can Make Current Consumers Feel Left Behind" has been published in the Journal of Marketing Research. Abstract as below: In today’s advanced economies, consumers are constantly exposed to an increasing number of upgraded products. This research examines consumer response to a brand’s launching of an upgraded product and identifies the consumer’s ownership status of a previous version of the product as a key dimension that can influence their reaction. Contrary to common intuition, it is demonstrated that while the release of an upgraded product is received positively by non-owners of a previous version, this is not always the case for owners. The authors propose that owners respond unfavorably because the new upgrade increases perceived distance between the owners and the brand as the brand progresses forward with the enhanced products. That is, when the new product replaces an existing product the consumers own, consumers perceive as if the brand is moving away from them. This negative effect of an upgrade is attenuated if the owners are provided with an extra source of connection to the brand. The authors investigate this phenomenon in five studies and discuss the implications of their findings. Keywords: product upgratd, ownership, identity, consumer-brand relationship
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- 작성일 2022-03-04
- 조회수 13569
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- Class of 2022 Commencement Ceremony
- Class of 2022 Commencement Ceremony will be held today (February 4PM) on zoom. Webinar link: https://skkgsb.zoom.us/j/99417610865 Ceremony Timeline: -Opening Announcement -Congratulatory Address – Dean -Congratulatory Address – Alumni Association -Class Reply by Student Representatives -Academic Excellence, Contribution, ABP Awards -Conferring Diplomas -Closing Announcement Join the webinar to congratulate the Class of 2022 students!
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- 작성일 2022-02-23
- 조회수 12972