HONG KONG – The Richard Ivey School of Business Asia (Ivey Asia) and China University of Political Science and Law (CUPL) announced recently a first-of-its-kind partnership that will provide Chinese executives with real-world, case-based learning of leadership and legal practices in international business.
As China makes the shift from an investment-driven to a talent-driven economy, it faces a severe talent shortage of internationally capable executives to lead multi-nationals in China as well as Chinese enterprises going global. The 2005 McKinsey research projected China then had 5,000 globally capable business leaders, but would need at least 75,000 globally capable business leaders by 2020 to support globalization. As a result, Ivey Asia and CUPL have partnered up in response to this need.
The programs will leverage Ivey Asia’s unique academic position in case teaching to provide a practical, real-world learning experience. Utilizing Ivey’s globally recognized case library, participants will be placed in the shoes of decision-makers facing real life business issues in markets around the world. Ivey’s case-study method has proven to be highly effective in extending theory into real world understanding of international leadership practices and culture. Recognized as one of China’s top law schools, CUPL will enhance the programs providing case-based learning about the international legal framework impacting business in other parts of the world.
“Ivey Asia has a long history of engagement in China. We were the first international business school to establish a campus here and today Ivey Asia is the world’s largest publisher of Asian and Indian based business cases. Our partnership with CUPL is a natural extension of our commitment to developing highly sought after, globally capable leaders,” said Janet De Silva, Ivey Asia dean. “We are delighted to partner with CUPL, recognized as one of China’s top law schools, and whose leadership appreciates the impact of case-based learning.”
“The concept of legal-business management is new and unique in China. Our enterprises need more in-depth understanding of the structure of international legal rules and the development of international business,” said Sun Xuan Zhong, dean of the CUPL business school. “With the business education strengths of Ivey and the distinguishing legal management features of CUPL, we will provide a new and sought after talent development environment to meet China’s leadership development needs.”
The announcement event on Friday included a presentation on the need for leading organizations to develop efficient leaders who can operate globally and help expand China’s and Hong Kong’s economies. Speakers included Carol Stephenson, Richard Ivey School of Business dean, and Amit Chakma, Western president.