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- [Contemporary Opinion] Shareholder capitalism and Stakeholder capitalism_Dean Ahn Heejun. NEW
- The fall semester of college start this week. In the first week of financial management class, I always mention maximizing corporate value as a goal of corporate management that managers should pursue. Maximizing corporate value means maximizing corporate asset value evaluated in the market, which is in line with maximizing shareholder value. Maximization of shareholder value is based on shareholder capitalism, and discussions on stakeholder capitalism are active as an alternative along with recent criticism of shareholder capitalism. Criticism of shareholder capitalism varies, ranging from claims that maximizing management's decision-making standards can harm a company's long-term value by focusing only on short-term performance, to claims that it can lead to contrary to the interests of employees, partners, and society. On the other hand, in stakeholder capitalism, managers aim to coexist with the internal and external environment of the company while pursing the common interests of various stakeholders. Are shareholder capitalism and stakeholder capitalism completely different concepts? I tell students that these two are not conflicting concepts in the developed capital market. Some says that stock prices are short-term indicators that are prone to immediate corporate, but stock prices are by no means a short-term concept. For example, it is often observed that the stock price of a company with high growth potential but not making immediate profits is high. In other words, stock prices are the product of long-term valuation, taking into account corporate performance in the distant future. In addition, market valuation reflects not only sales and costs, but also various information such as risk and corporate reputation. When a company acts against its stakeholders, it affects its reputation and negatively affects its stock price. If the stock market plays a proper role, maximizing share holder value does not conflict with the needs of stakeholders, and shareholder capitalism and stakeholder capitalism converge with each other. In particular, as a recent that makes this possible, information technology development, citizenship maturity, and ESG(environmental, social, and governance) investment are emerging. If a company acts against stakeholders such as employees or local communities, it will be immediately reflected in stock prices and undermine shareholder value. A few years ago, a high-ranking executive of an airline in Korea overuse power against employees or overuse power against an agency of a local food and beverage company's power abuse is typical. Immediately after the incident, the news spread rapidly through media and social networking services(SNS) and caused a significant drop in stock prices. Next it the rise of investment in ESG. According to the US SIF, ESG investment in the U.S., which was $3 trillion in 2010, quadrupled to $12 trillion in 2020 in 10 years. In addition, about a third of investment assets currently managed by experts in the U.S. are reported to be related to ESG investment. The characteristic of ESG investment in recent years is that companies are not only pursing social values, but also require financial performance. The expansion of ESG investment, which pursues both social and economic performance at the same time, makes shareholder value and stakeholder value closer. It is now difficult to achieve maximum shareholder value without consideration for stakeholders. As in the case of Emmanuel Faber, who recently stepped down as CEO of Danonm it is difficult to continue the act of pursing only social values at a time when economic values are neglected. Source : The Asia Business Daily https://view.asiae.co.kr/article/2021083000154682528
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- 작성일 2021-09-17
- 조회수 6
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- [SKKUZine] Professor Yong-Jun Kim, Department of Business Administration "Be patient and plan your own journey". NEW
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知彼知己, 百戰不殆. It means, if you know your enemy and know your self, you won't be in danger even if you fight a hundred times. This word in the pore of the Art of War would not be wrong to be substituted into the Republic of Korea in 2021, which is located between the powers. China is one of the countries that exert the greatest presence in recent relationships with Korea, whether positive or negative. Regardless of form and direction, we have no choice but to establish a relationship with China, and we need to respond wisely to this relationship. In this person focus, we met Professor Kim Yong-joon of the Department of Business Administration, who is the president of the Chinese Graduate School of our university. Professor Yong-joon Kim appeared on
on July 15 and gave a lecture on the subject of 'Unveiling China's first-class companies'. Q. Please introduce your self briefly I'm Kim Yong-joon a professor of business administration at Sungkyunkwan University and the president of the Chinese Graduate School of Sungkyunkwan University. After receiving a doctorate in marketing and teaching at Sungkyunkwan University in 1991, I mainly studied and gave lectures on marketing strategies and started researching China at Cheonghwa University in 1996, and I have been doing research in China for 25 years, doing research and teaching in fields such as Chinese marketing and Chinese companies. In particular, as the US-China economic war and technology war began recently, I am studying and lecturing how changes have occurred in the supply chain in the global AI and big data industries around the world. Nice to meet you Q. On July 15th, you appeared on 'Class of Difference' and gave a lecture on the subject of 'Unveiling the veil of a leading Chinese company'. Actually, I know that you also conducts major classes related to China. What are the characteristics of China in business management compared to other countries? Business administration basically studies companies, non-profit organizations, and state agencies planning and implementing a series of strategies to achieve their goals and visions within a given environment, and develop feedback again to effectively manage them. Wherever go in the world, the government, business, schools, and hospitals have taken this approach, and since the 1980s, these management techniques have been shared mainly through MBA around the world. What makes China different from other countries is that China is a country that aims for China's unique market economy socialism. As a result, business activities are conducted under the involvement and guidance of the Chinese Communist Party and the government. Unlike the government, which companies deal with in a general free market economy, the Chinese government can make the final decision on the management and management of companies or provide guidance and regulation according to the direction of the country's development Q. I wonder what the different is between teaching students and appearing on the broadcast. It's been 31 years since I became a professor, and the lecture for students is basically for students to apply and take the professor's class, so the lecture is conducted with the professor's words accepted. Lectures through broadcasting or mass media are not decided by students to take classes in advance, so you can watch the broadcast whenever you want or turn it off it's not fun.(laughs) Unlike classes in which the professor's words are fully accepted, there is a difference in which the public can select the broadcast content. Therefore, the difference is that the broadcast should be well planned from the beginning, and especially when interacting with the cast, it is necessary to prepare a lot in advance for the individual attributes of the cast and what people can ask questions. Q. You are serving as the president of the Chinese Graduate School of our school, and I wonder what kind of place the Chinese Graduate School is and what kind of job you are doing as thed Chinese Graduate School Sungkyunkwan University's Graduate School of China was established in 2006. The main reason for establishing the Graduate School of China is to nurture human resources in need of professional manpower in Korea-China business, as well as Korea-China relations, especially business relations, which account for more than 25% of Korea's exports. In the Graduate School of China, Chinese professors teach classes in Chinese and English. It is a place where future talents are nurtured by specializing in fields such as business, consumers and finance that take place in China. The weekday course of the program is a general master's course, so Korean and Chinese students take classes, and the weekend courses are mostly taken by business people, which are taught in Korean and Chinese. Multilingual classes are offered and students spend a semester or a year studying at universities in China such as Tsinhua University, Peking University, Renmin University, Fudan University, and Beijing Shincheon University. My goal is to experience and acquire knowledge directly in China through classes, so my biggest role is to achieve that goal as a director, and I have been doing this for six years now. Q. What kind of student was Yong-jun Kim in college? I wonder what your dreams were when you were in school and what kind of college life you spent. I entered college in 1978. At that time, Korea was a very dark period socially. When I went to college, there were almost no classes and demonstrated on campus. By the 4th grade, Korean society had grown very economically and so-called chaebols and companies were emerging, but socially, it was difficult because democratization was not progressing under the Yushin. I thought it would be great to become a university professor during this time, to study business management according to corporate growth, and to be able to teach and research this to students. That's how I started dreaming of becoming a professor. Thankfully, after studying abroad, I became a professor in Canada and came back to Sungkyunkwan University and became a person who realized my dream. Many people feel grateful when they achieve dreams in their 20s, and I can be seen as such a person. Q. I think the world that symbolizes business administration is 'innovation'. What do you think innovation is? Innovation is fundamentally about changing. Technological change accounts for a large part of the changes, and 'how individuals and organizations adapt to technological changes,' is the essence of innovation. Now, the essence of innovation is 'Digital Transformation'. As we enter digital society, individuals, organizations, businesses, and government are digitizing around the world, and almost all the technologies for 'Digital Transformation' are available. There is a question of how an individual or organization acquires and utilizes it. The advancement of technology is happening so quickly that it is being brought into our lives, but not in the case of humans. Not only people but also large corporations and organizations are more difficult to change. So, when we say innovation in business administration now, we can say digital innovation, and here, each individual or organizations should first acquire digital skills. The biggest issue in future business administration will be that we apply and utilize many changes in organizational culture and human relations created accordingly. Q. What are your future research plans? I've been doing research on Chinese companies. In particular, I mainly studied Chinese companies in field such as big data, AI, drones, electric vehicles, and autonomous vehicles related to the fourth industry. Recently, the U.S.-China war, especially the technology war, has caused many changes in the global supply chain. As you know well, the global supply chain has been formed in this field as a model in which the U.S. provides original technologies and China experiments and commercialize applied technologies. That's why the United States is proposing to solve not only the original technology but also the production, manufacturing, and utilization of in the United States. In addition to China's response to this, an important issue is what kind of response policies governments and companies in Korea, Japan, and Taiwan, which have played an important role in manufacturing and production, should implement in the future. In particular, Korea is between the United States and China, so it is necessary to make very wise decisions in the policies of the United States and China. I have recently been studying changes in the supply chain, especially in the AI industry, and am planning to study for the next three to four years. Q. I wonder what is the most important thing in studying business administration. Business administration and management are technologies used to manage and operate various types of organizations, and various methods are being introduced here. The first step in the nature of management is the process of reading and adapting to the environment. Therefore, when studying business administration, techniques such as accounting, finance, marketing, and organizational management are important, but you need to pay more attention to the organization's environment, especially technological and natural environment changes, demographic changes. I think students who study business administration should study science and technology and environment. Many students study business administration for employment, but in the U.S., Europe, and Japan, it is common for good schools to study science technology, engineering, and humanities, and then learn business administration through MBA if necessary. This is because the essence of business administration is to read the environment well and respond to its changes. well and respond to its changes. Second, management involves the process of communicating with people in an organization. In the process of communicating with others and providing services, self-reflection is needed. In particular, I think that how to communicate with people using information and technology will emerge as a big topic in business administration, as the digital field will replace many parts of AI. Therefore, I hope that our Sungkyunkwan University students can focus on building new digital knowledge such as AI, big data, and machine learning, and read global trends while studying or traveling in foreign languages. Q. Lastly, please give a word of support and advice to business administration students. As a professor, I am very sorry that business administration students have been enrolled for over a year, but they are not able to go to OT or MT and to communicate with professors offline naturally. I hope that the COVID-19 situation will improve soon, and through a lot of effort, you will find the direction of your life and spend a beautiful time with the academic traditions of Sungkyunkwan University and excellent professors of Sungkyunkwan University Business School. In particular, I think the essence of university education is to exchange between seniors and juniors through clubs and conferences, build networks in them, and self-observation and reflection in their own way. Sungkyunkwan University provides many services and experiences in this area. On the one hand, I hope you will strengthen your capabilities in the field of digital technology. Regardless of your major, I hope you can study coding, machine learning, big data, and AI fields so that you can show your abilities when offline activities return. It must be hard for all of you, bu I hope you have time to build your own capabilities. ‘Be patient and trust your journey.’ I wish you have a little more patience and have time to plan and proceed with your own journey. Source : [SKKUZine] https://webzine.skku.edu/skkuzine/section/people.do -
- 작성일 2021-09-13
- 조회수 14
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- "Appreciate everything you've done for me" Professor Choi Jong-Beom, Retirement interview NEW
- 1. I'm curious about how you feel about your teaching career at the Business school I started my college life as an undergraduate student in my alma mater's Department of Business Administration. I have worked in Korea, lectured universities in the U.S., New Zealand, and Singapore, and finally retired as a professor at my alma mater's business school, which makes me feel special as a Sung Kyun-in. If college life is the starting point for preparing to take the first step into society as an adult, then I can say that I'm a lucky person who ended my career by living at my alma mater both from the beginning and the end. When I graduated from my alma mater, I got a job at the Korea Development Bank for quite a long time, then decided to resign and go to the Ph.D. program at New York Stare University in the U.S at a late age of 30. People around me said I was crazy because I gave up my stable job at the Korea Development Bank and went to study abroad. During my working life, I would sometimes ask myself what it would be like to study abroad and then go on the path of learning. Life in not possible to choose both academic and practical paths, but in the end, I chose the academic path because I thought I would not regret it later. 2. Please briefly introduce your research field and achievements. After obtaining a doctorate in the United States, I took over to Auckland University in New Zealand, where I first did a lot of research on closed funds and became interested in research on the impact of the tax system on corporate behavior. I also studied the process of changing the capital market in the integration of the international capital market. After teaching at the National University of Singapore for about two years, when I joined my alma mater in 2002, I was expanded to research on corporate dividend policy and capital raising, and I did not feel bored because I did research in a very diverse field, such as financial institution management, derivative financial product analysis, and the behavior of individual and institutional investors. But it is regrettable that the effort to dig deep into a specific field and publish a paper in an international Top Journal was neglected. Fortunately, since I was appointed to my alma mater, I felt very rewarding by publishing one paper each in the best academic journals, which are the world's first and second largest in the field of finance. Compared to foreign universities, Korean universities such as alma mater felt a great sense of achievement by publishing papers in the highest international journals despite difficulty of conducting the highest level of research due to the high burden of lectures and limited purchase of research funding support and statistics. After publishing such a thesis, I participated in an international conference to meet and greet eminent scholars for the first time, and they recognized me immediately by looking at my name tag. I realized the power of the Top Journal publication paper because they said they knew me well by reading my papers. 3. Are there any memorable episodes from your long teaching career? I officiated a lot at the weddings of my disciples, and perhaps because of the occasional comment to have many children, a couple who gave birth to twins, and one disciple had a large family with one son and four daughters, and it was rewarding to be playing the role of a patriot. The disciple kept raising five siblings while working, but after reading night and night, he got his doctorate and sent me a doctoral dissertation. I don't know how proud I am. Also, I have written many letters of recommendation for many students to study abroad, and all of them are doing great academically. In particular, I was very happy to hear that one student had recently been hired as a professor at the Zicklin School of Business the City University of New York's business school, after obtaining a doctorate from UC Irvine. I feel very rewarded to hear that my recommendation has opened the way for studying abroad in the United States. 4. Among the students you met at the business school, is there any student you remember the most? When did you feel rewarede? The graduate school gave a lecture on a new subject, so I put up an advertisement looking for an undergraduate assistant to prepare for the lecture, and a student came and asked for an assistant job. I trained this undergraduate to boldly answer questions and prepare answers from graduate students. Since undergraduate students were required to act as tutors to help graduate students learn this student had to study difficult learning content more than three times that of graduate students in tension. I think this is a kind of quantum jump opportunity for this student. Perhaps this was an opportunity, after graduation, this student got a job at the Financial Supervisory Service and is building a very sincere career. I feel proud that he is married as a couple on the campus of his alma mater business school, working as a couple and raising two children and raising a wonderful family. Another memorable student worked for a financial company, wrote a very good level of doctoral dissertation as a day and night reader, and is an outstanding student who published three good papers together as co-authors and me. This student is not only a Ph.D. in business administration, but also a great disciple who has made a huge career change while reading day and night, so I want to learn his driving force and sincerity. There are many other excellent doctoral students who have published numerous papers as co-researchers with me. I'm so grateful that I really had a lot of lucky with my students. 5. What plans do you have after retirement? Recently, I have often suffered form ill health, so I am reminded of the importance of health. After retirement, I will take a break to recover my stamina and enjoy hobbies that I have not been able to do before. I'm thinking about slowly moving away from professional academic paper work, paying more attention to the spread of knowledge for the general public, and writing a popular book if any part that can contribute to society is found. 6. Lastly, please say something to the members of Sungkyunkwan University's business school Students at Sungkyunkwan University's business school are the best intellectuals who can achieve successful academic results at any university in the world. However, in Korea, ranking based on quantitative test results is too fixed, so it is very unfortunate that there are many young people who are deceived by this and live with a feeling of inferiority for the rest of their lives by deciding that they belong to an inferior group if they make one mistake. I hope that the members of Sungkyunkwan University will make many progressive and courageous attempts to do anything with the confidence that they are intellectuals with the highest level of knowledge in the world. What I felt during the class was that there were so few questions from students. When conducting classes in the U.S., students often have too many questions to make progress, but in Korea, it is a pity that most students take classes passively. There are many cases where wrong questions help you learn. Believing that silly or wrong questions do not exist, the process of continuing to ask questions and trying to make sure they are learning is a very important path to increasing learning effectiveness while cultivating communication skills. If you don't understand, it's important to keep asking questions and keep digging into them until get a full understanding. As AI has emerged as an important future-oriented field these days, undergraduate students in business schools have begun to learn coding. It's a good phenomenon, but cultivating coding skills doesn't make you a leader who leads the future. Rather, even if coding skills are lacking, those who see the big picture and constantly make bold new attempts with rich imagination and curiosity will become the protagonists of creating a better future.
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- 작성일 2021-09-13
- 조회수 8
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- Congratulatory videos on the 2021 Summer Business School Degree Ceremony
- Congratulatory video for Ahn Hee-joon, president of Business School (You can check the video by clicking the picture) Ahn Hee-joon, president of the business school, congratulated graduates ahead of a fresh start, comforting their academic difficulties caused by the COVID-19. In particular, he encouraged graduates who have grown on the basis of the process in comparison to the company's production process. He also asked graduates who become alumni to pay much attention to the development of juniors and SKKU. Congratulatory video for Kim dong-pil, chairman of the Business School Alumni (You can check the video by clicking the picture) Kim Dong-pil, chairman of the Business School Alumni, emphasized that there will be a hopeful future if graduates who have been reborn as social workers do their best with passion by choosing a good path based on their capabilities and knowledge. Finally, he sent a message to be an alumni of a business school that loves the school with great pride in the status of alma mater, a global university. Congratulatory video for Lee Jae-beom, a 76th grader in Business Administration (You can check the video by clicking the picture) Lee Jae-beom, a 76th grader in business administration, gave advice on how graduates who are about to start anew should draw their own new picture books well. Through positive imagination, unlimited imagination, and a plan containing time and content, he emphasized that he could draw a picture book that could say "good job" with his own imagination. Through this, he was urged to live a life where you do not lose smile due to confidence
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- 작성일 2021-08-24
- 조회수 34
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- Kim Hye-joo (Global Business Administartion 18), University of Reading Exchange Student Story
- 1. Hello, please introduce yourself first. Hello, I'm Hye-joo Kim, a freshman in Global Business Administration who went to University of Reading in the first semester of 2021. I always wanted to go as an exchange student, but I postponed it once due to COVID-19 and finally got to go! 2. Despite the difficult situation, I heard that you have successfully completed your University of Reading exchange in England.^^ In fact, I thought a lot about it before leaving the country due to the COVID-19. In January, when I left the country, the number of confirmed cases in the UK was well over 60,000, and vaccines were not supplied as active as they are now. In fact, most of the students who applied for exchange students canceled or postponed it. I hesitated a lot at first, but I thought I should do things that I think I will regret for the rest of my life if I don't do it now. In the end, not hundreds of reasons why I shouldn't go, such as "Will COVID-19 be caught?" and "Will racism be worse against Asians?", but one reason why I should go made me go. And I think that was the best choice I made during my college life. In my case, I went alone without other students, but it felt like I was adventuring alone and the experience of doing it alone without leaning on anyone became a great asset to me. Due to the COVID-19, I paid a lot of attention to hygiene such as distancing, mask, disinfection, etc. during my daily life or traveling, and I think I came back safely because I was ready to move like this. 3. How is the University of Reading like? How did you lived in there? University of Reading is located on UK Reading, this is the first time that our school sent exchange students. Perhaps they started student exchanging with most Korean universities in recent years. And It was very hard time to me because even one essay do not exist. University of Reading is quiet and a thinly populated town. In particular, campus of University of Reading is very large, population density is much lower than downtown. So, I felt rather not dangerous, when I go to there at the peak of pandemic. The campus is well-matched with nature and has many green grasslands, and you can often see blue squirrels and cats as you walk by. I liked this quiet University of Reading because I usually go to crowded tourist attractions anyway. Another advantage of Univ. of Reading is that it is close to London. In particular, it's a half-hour drive from Paddington Station in London, a stopover to downtown London, and you can go to downtown in about an hour, so you can take a one-day trip without any difficulty. So I often traveled by train. Due to COVID-19, every class in the University of Reading goes on online. The teaching method is not much different from SKKU, but there is a tutorial/session that is conducted by video every week. During this time, case analysis and discussions are usually held, and it was refreshing to be able to share opinions directly with local students in the UK. Friendship usually consisted of flatmates who lived on the same flat, and I remember receiving a lot of comfort by leaving a note in front of the door when it was hard to adapt to the new situation. After that, we cooked and shared food together. We were really comfortable. Also, unlike other British universities, Reading offers its own meal services, and it seems that it was used very often because of the opportunity to eat various local foods. 4. What did you prepare for the selection of exchange students? If there are any good tips for business school students, please share them. In fact, many people think it will be difficult to be selected as exchange students, but it's not like that at all. The two criteria for selecting exchange students are English grades and credits. The English grade required for exchange students (mainly TOEFL, IELTS) is not that high, and if anyone studies a little bit (especially if you're a vocal cords student!) I think it's not that difficult to prepare for English grades in English. In particular, schools with low competition rates, or schools that do not meet the English grades required by the schools, can be considered to be accepted if they apply. Some schools don't even require English grades at all, so I don't think it's necessary to give up from the beginning even if you can't speak English. If you apply to a school with a high competitive rate, grades are the most important. Even if there is an interview, it is not that difficult, and other applicants are similar in their skills, so I felt that they are not that distinguishable, and in the end, they are determined by their grades. So if you have a low grade, it is important to explore enough schools on the list to find places with low or under-competition rates and take a strategic approach. If you consider your conditions and practicality and come up with the best scenario to pass, you can expect good enough results. 5. Was there any difference from what you actually experienced from the exchange student activities you thought? It wasn't just the joy that I had when I went as an exchange student. Many people have fantasies about foreign countries, and I also left with such excitement, but in fact, those fantasies disappear quickly after a month or two. In particular, the first month was very difficult because I had to take responsibility for everything by myself while working in a safe zone surrounded by family and friends. Also, it was hard to accept that the system and benefits that were familiar as locals in Korea are not natural here. In addition, there were many times when communication was difficult because I wore a mask with a British accent that was hard to understand. But despite all this, meeting new people, new lifestyles and new places is attractive enough to offset all this. Staying in a safe zone is comfortable and secure, but at the same time boring and refusing to change is the same as not being able to grow any more. While I was an exchange student, I felt left out that I did not belong here as a stranger, but at the same time I felt freedom and freedom. Just as everything has pros and cons, it seems that the experience of exchange students can become richer and grow through these two-family feelings. Also, what I realized while living abroad is that there is a big difference between traveling and living. I thought this is the reason why I need to experience as an exchange student. It's because it's obvious that an exchange student will be a very good "vaccination" for students who are thinking about whether to go abroad and build their careers in the future. 6. What is your plan for the future? I think the future plan is a very difficult question. In particular, older friends who are about to graduate are also worried about their careers. In fact, I don't really like the motif of what to do at this age. Of course, you need to think about what you're going to do, but I don't think there's anything more tragic than vaguely being a guide to define your path and fit it in. So I still want to stay at the stage of thinking about what I really want, and I'm trying to be an empiricist who leaves many possibilities open rather than a perfectionist. The immediate plan is to gain more experience including internship activities. If you focus on the present, won't you get the answer at some point? Finally, it was nice to have the opportunity to look back on myself after going to exchange students. I think it's the best experience I've ever had in college. If I had had anxiety about an opaque future before I left, I think I've come to believe in my possibilities even more now. Again, we can go anywhere and do anything. If you have a classmate who is wondering whether to go or not even after reading, please close your eyes and shout.
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- 작성일 2021-08-20
- 조회수 50
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- The 1st Sungkyun Management Academic Seminar is held online
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On July 19 (Monday), the 1st Sungkyun Sungkyun Management Academic Seminar was held jointly by Danbi, the student council and the administrative office of the business school. Due to COVID-19, the event was held online and was divided into two major categories: accounting and finance. More than 20 teams, including two majors, applied to receive high attention from students. Based on the research report, the top six teams from each major entered the finals after qualification review, and the awards were made through the sum of the presentation scores and research report scores. Professor Lee Jong-eun of the accounting department participated in the screening and evaluation, Professor Kim Young-han of the finance department and Professor Kim Da-hye of the finance department participated as judges. In addition, Ahn Hee-joon, the president of the Business School, who attended to support the 1st Sungkyun Management Academic Seminar, encouraged students by saying, "I sincerely applaud the enthusiasm of the students who prepared the festival despite the hot weather and vacation period, and I hope this will be a good opportunity to get to know their areas of interest more." Oh Eun-ho, president of the student council of Business School, said, "We will thank the students and professors and open the academic system every semester to make it a unique culture of business school." -
- 작성일 2021-08-02
- 조회수 52
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- Professor Kim Yong-Joon, appears in JTBC “차이나는 클라스”: Unveils Chinese leading companies.
- Kim Yong-Joon, a professor of SKKU Business School, appeared in JTBC “차이나는 클라스” and lectured on the Chinese companies leading The Fourth Industrial Revolution. On July 15 (Thursday), Professor Kim stepped up as the first lecturer in the four-part "War of Money." He and other casts shared questions and answers under the theme of "Unveiling Chinese Top Companies" and had time to analyze Chinese companies such as Alibaba, Huawei, and Xiaomi from a new perspective. In particular, he said, "I am an expert who has been studying Chinese companies for more than 20 years, but I did not actually study in China," raising questions and revealed how he formed ties with China through the show. In the following class, top Chinese companies, including Alibaba founder Ma Yun, were dealt. The casts were greatly surprised by the unique corporate culture and hidden stories of world-renowned Chinese companies. With the growth of global companies, China is now one of the leading countries in the world of the fourth industry. Professor Kim emphasized, "We should have a perspective on properly analyzing Chinese companies." He added, "If you look at Chinese companies from the wrong perspective, Korean companies' external positions will become narrower, and Korea's fourth industry will not be able to take the right direction."
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- 작성일 2021-07-23
- 조회수 51
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- [Student Success Story] Kim Eo-Jin won the top prize at the Suwon Sustainable Living Lab Idea Contest
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There was a 16th special lecture of Student Success Story on June 10th. Kim Eo-Jin presented her story named “Challenge the contest and worthful prize: The success story of team project.” She shared her experience when she won the first prize at the Suwon Sustainable Living Lab Idea Contest, and other various activities like Daum Poem Festival, Urban Restoration Plato Start-Up School and the convergence education for humanities. We interviewed her trying to live worthful and joyful like from learning and growth. 1. Hello, nice to meet you. Please introduce yourself. Hello! I’m Kim Eo-Jin, a second grader of Business administration. I won the first prize at at the Suwon Sustainable Living Lab Idea Contest, so I lectured as a Student Success Story speaker. It’s an honor to have an interview. 2. You have a lot of activities. Can you talk about them? When I have a first summer vacation, I participated in Daum Poem Festival as an activist. There were events like exhibition of poetry and performances, I, as an activist, designed the festival and promoted them. And at the contest I said before, I found some parts to complement, and designed immediate childcare service and exchange work service which could create childcare community composed of parents. Based on this idea, I made an emergency childcare service with UI and I won the first prize.
In the winter vacation, I joined the Urban Restoration Plato Start-Up School and the convergence education for Humanities. In the Start-Up School, I took a start-up class and designed simple business. And in the convergence education, I learned AI and Big-Data and their examples in social science studies. I’m a member of mentoring program and promotion marketing team of Korea Student Aid Foundation. 3. Do you have interesting stories preparing contest? Brainstorming, interviewing and feedback. We had brainstorming online by using Beecnavas. It is like a google docs which provides online team project, and it was useful to have various functions. By using it, we had brainstorming about half of an hour. We didn’t need to have a meeting, but just left a message, and it was easy to visualize the ideas of teammates. After then, we went on an interview to Suwon to get some information. We tried a street survey, but it was hard. I felt distrust attention of citizens. Thankfully, teammates tried their best with bright will to communicate with citizens, so we finished the interview successfully. We always approached in sunny faces and present them our student ID, poster of the contest, and our ppt to explain them. And with the feedbacks, we could improve our solution and get the prize. I have an experience to make a speech in Design-thinking education program. All participants did their feedback by 2 post-its per person, one for strong point and weak point for other. It was a lot of help. We got confidence by strong point and got unexpected ideas from the weak point. 4. Did you have some trouble preparing your contest? And how did you overcome it? The most troublesome point was a spatial difference with teammates. I was far away from Seoul because of Covid-19 but other teammates were not, so we had to have meetings online. The online meetings were inefficient and hard to advance. To overcome, we made some rules to turn on the camera and microphone. Then, using the strong point of online, we had average 2 hours of meetings per a day. Also, we did not go into the next parts until we perfectly finish one part. It was hard to decide who does what. When it comes to roll allocation, I think accuracy and fairness are the most important thing to consider. Everyone has exact roll, and the roll would not be too huge for someone. There were rolls like speech and UI-making which should be done in face-to-face contact, I had a problem that it was difficult to participate. Therefore, for fairness, offline activities were conducted by other teammates, and I did a research and arrangement, made ppt, and modified UI. However, I stayed in Seoul for a week and tried my best at the end of the contest submission period. 5. What are your future career paths and goals? I’m interested in marketing and especially sports marketer. Rather than blindly conducting career-related activities, I want to analyze the competence of the marketer and set up a timeline to proceed with the necessary activities step by step. I always try to live a life with learning and development and a life where I can feel a sense of accomplishment and joy from learning. I'm not just experiencing and passing through any activities, but I'm trying to be helpful and changeable. 6. Lastly, please say something to Sungkyunkwan University's business students. I think college life is a continuation of challenges. If you are a freshman and have no experience or have vague fears about the competition, I hope you can participate in the competition at least once. As a freshman who knew nothing, I also had a chance to learn and grow a lot through the competition. And I hope all the business school students, including myself, who are working hard for their dreams, achieve their dreams! -
- 작성일 2021-07-14
- 조회수 50
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- Kim Min-ji, Ph.D. student, 2020 Management major, Outstanding Paper Award, Best Paper Award-winning Interview
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The Management major of the business school (General Graduate School) held the Sungkyunkwan University Management College Management Excellence Paper Award for the first time this year to encourage the research of master's and doctorate students. It is selected from the first and second semesters of the year's graduation papers and academic journal publication papers (including those scheduled to be published), and the journal publication papers are limited to the first author and two co-authors. Kim Min-ji (Best Award), Kim Dae-ho (Best Award) and Choi Soon-joo (Best Award) are three winners. I heard about Kim Min-ji and Won-woo, who won the best prize this year, and their research fields and papers. Kim Min-ji(Professor : Kim Do-hyun)
1. Hello, please give me a brief self-introduction (research, etc.). Hello, I'm Kim Min-ji, a Ph.D. student majoring in organizational theory, majoring in business administration at Sungkyunkwan University. After obtaining a master's degree from Sungkyunkwan University, he is currently being coached by Professor Kim Do-hyun, who is majoring in organizational theory, until his doctorate. My main area of interest is organizational learning theory and I focus on research using performance feedback models in detail. We are currently conducting several other research together with our doctoral dissertation and are interested in research topics and fields that do not deviate much from the dissertation that we received this time. 2. I heard you won the best thesis award this time! Please tell us how you feel. Thank you. First of all, I would like to thank our management professors for creating this opportunity. I think it was more meaningful because it was a thesis award that included the hearts and meanings of professors majoring in management who prepared it to encourage the research of graduate students in our major. I am very happy to receive the meaningful award of the first Sungkyunkwan University Management major, which was held for the first time. I'll take it as a way to repay you with good research. With this opportunity, I will use this opportunity as a driving force to grow one step further, and I will try to become a good researcher so that I don't become anyone to the honor of this award. Once again, I would like to thank all the professors and students who majored in management. 3. You wrote a paper titled . Please explain in detail what it contains. This study explores how CEO ownership and performance feedback mode (PFM) are combined to influence corporate social responsibility activities (CSRs). Because prior studies looking at the relationship between existing CEO equity rates and CSR did not show consistent results, this paper recognizes the need for contextual variables and reveals when and when the CEO's equity rate is less effective in engaging in CSR activities using performance feedback models. In the existing performance feedback model, when performance is lower than the target set by the company, changes occur in the direction of solving the problem, and on the contrary, when performance is higher than the target, changes in the direction of utilizing free capital. Based on these claims, the study found that CEOs with higher equity rates have higher discretion in decision-making than when performance is lower than target, making them more positive about long-term CSR activities as an alternative to problem solving. This study shows that various factors, such as CEO characteristics and performance feedback, interact with each other to influence CSR activities, and include complex interests in the reasons and purposes of corporate CSR activities. In particular, this study shows that CEOs can use CSR activities as a means in that they are influenced by performance and change CSR. 4. Were there any difficulties or difficulties in writing your thesis? Before preparing for this paper, I had a big slump. During my course life, including master's and doctor's, relatively short-term results did not show up compared to my long course life, which led to a slump. However, I think it was an opportunity to overcome my slump rather than the difficulties I had while writing this paper. Of course, I often worked until dawn to find out why the results I expected didn't come out right at once, but in the process, it was a valuable experience to learn a lot with responsibility. Now that I think about it, I really focused on this paper at the time. It remains a really meaningful memory rather than a hard one. 5. Please tell me about your future goals or areas you would like to study. There's a concept that I've been interested in since I was a master's student, having a research meeting with my advisor, and it's a concept of "truth." The goal is to take an interest in the sincere management activities of the company. In the future, I would like to conduct a study that combines organizational theory to see what these companies' sincere management activities are and, consequently, can have positive effects from a long-term perspective. To a large extent, I am mainly interested in the sustainable management activities of the company. Based on ESG, which is an issue these days, we aim to conduct research on how companies should engage in social responsibility activities and research on their good influence in the future. I hope my research will be delivered as a meaningful message to society, and I will continue to try to explore and study phenomena in the future to become such a researcher. -
- 작성일 2021-07-05
- 조회수 80
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