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MBA Students assist Chinese enterprises to understand Australian business

07 Aug 2013

In a tertiary education first, students enrolled in the University of Sydney Business School's MBA program are currently in China, assisting companies with an interest in investing in Australia.

The "hands on" consulting experience is a part of the MBA's China module and is being delivered in association with Antai College of Economics and Management at Shanghai's Jiaotong University, one of the nation's oldest and most prestigious tertiary institutions.

There are currently 24 MBA students working in groups of four with Chinese companies in the finance, environmental, real estate, manufacturing, agribusiness and retail sectors.

"Chinese companies wanting to engage with Australia often suffer from a lack of knowledge caused by a communications gap between the two sides," said the Business School's China specialist, Professor Hans Hendrischke.

"Our objective is to open a dialogue with Chinese management and gain some insights into their expectations of Australia; their plans and their resources," Professor Hendrischke said. "We will then be in a good position to provide advice on doing business in Australia."

"We believe that Chinese enterprises will see this as an opportunity to engage with high calibre students who have Australian business experience and who can add real value to their businesses," he added. "We also believe that by working with local enterprises, our students are gaining unparalleled insights into the Chinese business environment."

"The China module is a key unit in our MBA which seeks to equip future leaders with the critical skills to succeed in the global business environment of the future; and nothing is more important to that future than a good understanding of China business," said Professor Richard Hall, the Business School's Associate Dean, Management Education.

In addition to the consulting projects, the MBA's China module includes units delivered by the Professor Hans Hendrischke and another China specialist, Professor Bruce McKern, as well as Chinese business representatives.

These units cover China's economy and society, its business culture, corporate leadership and governance and international trade and investment strategies.

"Our China module ensures that our MBA students will be well placed to play a leadership role in Australia's future business and trade relations with China," concluded the School's Co-Dean, Professor David Grant.