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University News
Contact: Robert Batterson - (314) 935-5202 batterson@olin.wustl.edu Olin School of Business at Washington University in St. Louis to launch executive MBA program in Shanghai [St. Louis, MO., 3-18-02] Beginning in April, the John M. Olin School of Business at Washington University in St. Louis will offer an Executive Master of Business Administration (EMBA) program in Shanghai, China. "The development of a strong educational offering to business executives in Shanghai is a part of the University's strategy to develop strong partnerships in Asia. Dean Stuart I. Greenbaum and his faculty in the John M. Olin School of Business have undertaken a new initiative of importance to the University as a whole" said Chancellor Mark S. Wrighton. "We look forward to working with leaders in the Shanghai business community and with academic colleagues at Fudan University, one of the finest universities in China." The new EMBA program will be a partnership between the Olin School and Fudan University. "We will be the only U.S. business school using our core faculty to team-teach an MBA program in China," said Greenbaum. "This is an historic beginning for Washington University, Fudan University, and the Olin School in China. We are honored to work with Fudan – one of the most prestigious universities in China." "I'd like to express our gratitude to the Anheuser-Busch Foundation and Emerson, our two founding sponsors, for underwriting the startup of this program," Greenbaum said. "Both of these sponsors' companies have extensive and successful operations in China that proved invaluable in launching the program. This is another example of how these two organizations continue their longstanding support for the Olin School." The 19-month Olin-Fudan EMBA course of study will include 20 graduate business courses each co-taught by an Olin business school faculty member and a Fudan faculty member in Shanghai in 4-day modules. In addition, students will be required to complete a two-week residency at the Olin School on the University's St. Louis campus. Seventy-four students -- the program's current capacity -- have been admitted to the first Olin-Fudan EMBA class; another 16 applicants have been wait-listed. Chinese nationals employed by multinational companies comprise the majority of candidates for the program. Students in the inaugural class hail from companies including Accenture, Alcoa Aluminum Products Co., BP Southeast Asia, Dupont, Ericsson, General Mills, Honeywell, Johnson & Johnson Medical, Kodak Electronic Products, Monsanto, Motorola, Shanghai General Motors Corporation, and Textron, among others. State-owned enterprises in China also have enrolled students in the first Olin-Fudan EMBA class, including the Shanghai Stock Exchange, Shanghai Golden Continental Petrochemical Co. and Beijing Fayhoo Information Technology Co. A unique attribute of the collaborative EMBA program is that the courses will be team taught in English by an Olin faculty member in collaboration with a Fudan colleague. Having both Fudan and Olin instructors in the classroom together allows for enriched explanations and clarifications of global business references, as well as face-to-face discussions of business and cultural issues. Instructors will include recognized authorities with years of experience in executive education. A variety of teaching methods will be employed including specially designed case studies, computer simulations, on-the-job projects, distance learning, and guest speakers. According to Professor of Finance and Economics James T. Little, academic director of Olin's EMBA programs, "We have assembled a distinguished faculty from Olin and Fudan that are second to none. Together, Olin and Fudan will chart new waters to help prepare China's future business leaders." "The Olin-Fudan Executive MBA program will prepare managers to respond to opportunities in a globalized, information-driven economy with creativity, innovation, and an entrepreneurial attitude," said Zheng Zukan, vice president and dean of the School of Management at Fudan University. "The educational standard and work environment we provide will bring China more business leaders who understand China, within China and around the world." Classes begin in April in strategic management and are followed by courses in data modeling and decisions, organizational behavior, financial accounting, microeconomics, marketing management, managerial accounting, corporate finance, operations and manufacturing management, international economics, advanced topics in finance, advanced marketing, strategic human resource management, entrepreneurship, global supply chain management, business and the environment, power and politics in organizations, and competitive industry analysis. "This is a remarkable time for the Olin School and Washington University as we embark upon new challenges with our partners at Fudan University in China," said Greenbaum. "We look forward to a long and prosperous relationship." The Olin School of Business is routinely ranked among the best business schools in the world. The Anheuser-Busch Foundation is the philanthropic
arm of Anheuser-Busch Companies, a St. Louis-based
corporation with subsidiaries that include the world's
largest brewing organization, one of the largest
manufacturers of aluminum beverage containers, and
one of the largest theme-park operators in the United
States. Anheuser-Busch is also the only U.S. brewer
to control a majority interest in a brewery in China,
which is located in Wuhan. In addition to the Wuhan
brewery, Anheuser-Busch operates regional sales
offices in Shanghai, Beijing and Guangzhou and employs
nearly 1,500 people in China, almost all of whom
are Chinese nationals. |
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