MGSM China tour set for May

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MGSM’s China study tour gives students invaluable insights into doing business with the world’s second largest economy.

Students from the Macquarie Graduate School of Management (MGSM) are deep in planning mode for the  school’s eleventh China Study Tour.

The intensive two-week visit is an opportunity for students to gain valuable experience and insight into the unique attributes of Chinese markets.

While on tour from May 12 – 24, students will spend half a day at each of the host companies meeting with top level executives.

This year’s hosts will include:Abbott Vascular, Boral, Evergreen Group (local – mining and ship-building), LS Travel Retail (French), Pfizer, Suzhou Industrial Park (local), Suzhou Victory Electronics (local), Beijing Development Area, China animal health husbandry (local), Goldwind (local – wind power),  Tianwei Group (local – solar power),  and Tongrentang (local – pharmaceutical).

During the tour, students will also have plenty of opportunities to appreciate the local language, food and cultural customs.

Before the tour takes place students enrolled in the program will meet for a weekend-long study program, from March 2- 3, where they break into syndicate groups to conduct detailed research into each host company. Syndicates will prepare a management briefing report for each host, covering the various business challenges it faces in China.

Past trips have been a resounding success. Part-time MBA student, Ranjit Gaind who participated in the 2012 tour, said: “The International Perspectives in Management Study Tour to China provides an excellent platform from which you can engage in potential future business with China. Whether that be actually doing business in China, dealing with Chinese companies or perhaps exporting to or from China. The syllabus and experience give a valuable insight into the idiosyncrasies this culture presents in a business context.”

MGSM’s expert on China, Professor Yiming Tang and tour leader, believes this tour is now more relevant than ever. He said: “China is Australia’s biggest market both as an importer and exporter and the reason why we were the only Western country to have successfully navigated the GFC. This is why it is extremely important for students to be able to go abroad and navigate their way through China’s customs in order to do business successfully.”

Ben Ready founded MBA News in 2014 and is the Managing Editor. He is a former business and finance journalist with Australian Associated Press (AAP) and Dow Jones Newswires in London. Ben completed his MBA in 2012 and was awarded the QUT GMAA Entrepreneurship Prize.

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