Busi­ness school alliance will help ed­u­cate firms

China Daily (USA) - - BUSINESS - By JING SHUIYU jing­shuiyu@chi­nadaily.com.cn

Chi­nese uni­ver­si­ties are form­ing a global alliance with in­flu­en­tial busi­ness schools in Belt and Road economies.

The move will help in re­search and de­vel­op­ment, as well as ed­u­cate and train the next gen­er­a­tion of busi­ness pro­fes­sion­als, tech­ni­cians and cre­ative tal­ent.

“This alliance will help young tal­ent glob­ally, as well as a grow­ing num­ber of Chi­nese com­pa­nies in­volved in the Belt and Road Ini­tia­tive,” said Jin Ji­afei, sec­re­tary-gen­eral of the Alliance of Belt and Road Busi­ness Schools.

The project was rolled out last month un­der the lead­er­ship of a Chi­nese con­sor­tium of busi­ness schools from nine uni­ver­si­ties. They in­cluded the Harbin In­sti­tute of Tech­nol­ogy, or HIT, Xi­a­men Univer­sity and Bei­jing Jiao­tong Univer­sity.

Nearly 30 busi­ness schools from economies in­volved in the Belt and Road Ini­tia­tive have joined the net­work so far.

They in­clude the Au­den­cia Busi­ness School in France, the Fac­ulty of Eco­nomic Sci­ences at the Univer­sity of War­saw in Poland, the Al­maty Man­age­ment Univer­sity in Kaza­khstan and the Nanyang Cen­tre for Pub­lic Ad­min­is­tra­tion at Nanyang Tech­no­log­i­cal Univer­sity in Sin­ga­pore.

“By the end of next year, the num­ber of mem­bers is ex­pected to grow to more than 60,” said Jin, who is also a pro­fes­sor at the HIT’s School of Man­age­ment.

A key el­e­ment of the alliance will be to help “go­ing­global” com­pa­nies with a “lo­cal­iza­tion strat­egy”.

Firms of­ten lack knowl­edge of the lo­cal busi­ness en­vi­ron­ment, in­vest­ment pol­icy and em­ploy­ment sit­u­a­tion.

“To solve th­ese prob­lems, the com­mon prac­tice is to hire con­sult­ing firms, which usu­ally charge high fees,” Jin said.

The alliance hopes to change that sit­u­a­tion and help com­pa­nies gain a strong foothold in new mar­kets and pro­jects with­out high costs.

“We aim to pro­vide a con­ve­nience for firms who are set­ting foot on for­eign mar­kets,” Jin said. “The alliance, or ABRBS in short, has set a goal to pro­mote ca­pac­ity co­op­er­a­tion, col­lab­o­rate on pro­jects and share in­no­va­tive tech­nolo­gies among na­tions.”

Sar­war Ud­din Ahmed, a pro­fes­sor with the School of Busi­ness at the In­de­pen­dent Univer­sity of Bangladesh, felt the net­work would ac­cel­er­ate in­vest­ment.

The univer­sity is an alliance mem­ber and Ahmed said the net­work would broaden the tal­ent pool, as well as build re­la­tion­ships with lo­cal po­ten­tial part­ners and pol­i­cy­mak­ers. It is a “win-win” for com­pa­nies, con­sumers and des­ti­na­tion economies at a most op­por­tune time, he pointed out.

Qin Jiang, di­rec­tor of Jie Chuang In­sti­tute of HighTech­nol­ogy Ser­vice in Hei­longjiang, was just as bullish about the project. The alliance would give com­pa­nies eas­ier ac­cess to the global mar­ket, he said.

“It will also be con­ducive to com­mer­cial­iz­ing sci­en­tific re­search and help more tech star­tups get up and run,” Qin added.

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