What is the benefit of studying abroad? Wouldn’t it be easier and more convenient for me to stay put here in China and study global business? After all, can’t I just go online to hear global perspectives?
French native Bertrand Guillotin, director of the international programs office at Duke’s Fuqua School of Business, shares his point of view in the following Q and A.
Q) What does international experience do for one’s resume?
Going to America still has a cachet associated with it. Just look at the lists of global companies, largest banks or billionaires and see how many are American. Making it in America implies higher performance, success and prestige.
Mark Lee Ford, PhD and Global Executive MBA ‘08, is the President of The Moneo Company, a management advisory firm based in Tokyo that has a physician’s enterprise practice. In this role, he learned the ins and outs of Japan’s healthcare market and saw the potential of bringing U.S. medical devices into Japan. But it wasn’t until he was in the Global Executive MBA program that the dots connected and an idea became a business.
Leveraging Global Regulatory Differences
“In a global market, there are opportunities to exploit differences in regulatory environments,” said Mark Lee Ford. “For example, a regulation that is almost insurmountable for non-physician owned companies can serve to shield—even promote—physician-owned companies.”
Classmates Dave Piejak, Andy Welch, and Will Latta (from left to right) on one of their annual ski trips; they decided to found their engineering company during a similar trip to Vancouver.
Will Latta (Weekend Executive MBA ’02) moved to China in 2005 to work in the power plant industry. While living there, he noticed that the beauty of the country was being spoiled by air pollution that would engulf many Chinese cities.
As his knowledge and interest in the country grew, he learned that China was beginning to seriously address environmental concerns in a five-year plan focused on the nation’s emerging challenges (China’s 12th Five-Year Plan starts in 2011).
Latta says he was drawn to the dynamic, sweeping changes that were rapidly transforming China, and he decided that he wanted to be involved directly. He started thinking about a new business opportunity to create greater efficiency, and by default less pollution, within the coal industry.
Scott Goldman is an MMS ’10 graduate
A Fuqua MMS alumnus, I live in China and work for Fuqua in our regional office in Shanghai, China. Here’s a snapshot into a typical day for me.
8:00 AM — I pop up from my IKEA bed, briskly swipe my finger to turn down the alarm on my i-Phone designed in California, but made here in China. I grab a pair of chopsticks to spread Skippy Peanut Butter over a piece of toast and throw back some Chrysanthemum Tea.
8:20 AM — Stepping out my door I’m greeted by a big slab of fish, neatly hung in the stairwell. The dried out meat and carcass stands between me and the elevator. It turns out that the character for fish “鱼”is pronounced “yú,” the same “yú” or “余,” the character meaning “surplus.” Not to be consumed, the fish, like China’s 3.2 trillion dollars in reserves serves as a symbol, an indicator of the country and this family’s newfound prosperity.
Scooting past my fishy neighbor, I step into the elevator and enjoy a solo ride 17 floors down; precious seconds of tranquility before being engulfed by the hustle and bustle of Shanghai’s busy streets.