BusinessThink

The Chinese market is a glittering prize for foreign companies, but those that hope to prosper need to be aware of a complex labyrinth of government, labour and cultural forces, according to research from Australian School of Business professor Stephen J. Frenkel and PhD candidate Chongxin Yu. Business plans and HR strategies must adapt to the local context and ties with  authorities at all levels need to be maintained. Frenkel suggests that returning Chinese students educated in Australia may offer a new bicultural management model for Western firms because these graduates have the advantage of “knowing their own culture, but also knowing us”. 

Knowledge@Australian School of Business is the online business publication of the Australian School of Business at the University of New South Wales (UNSW).

To read the article please visit Knowledge@ASB - http://knowledge.asb.unsw.edu.au/article.cfm?articleid=1809

What Western Firms Need to Know to Succeed in China - Knowledge@ASB

Asian nations are facing a dramatic rise in medical costs as they plan for the looming demographic transition to much older populations. Rafal Chomik, from the Centre of Excellence in Population Ageing Research (CEPAR) at the Australian School of Business, says that Asian governments have the fiscal capacity to keep expanding their health systems, but they should heed the successes and failures of reforms in the region and elsewhere to avoid the excessive cost growth seen in the West. Thailand is cited as a good example, and Australia’s strong front line of GPs as well as its pharmaceutical benefits scheme are two initiatives worth emulating, according to CEPAR investigators. 

To read the full article please visit Knowledge@ASB - knowledge.asb.unsw.edu.au/article.cfm?articleid=1813 

Can Asia Meet the Healthcare Demands of its Ageing Populations? - Knowledge@ASB

When it comes to appreciating the power of big data, the whistle-blowing activities of WikiLeaks and American computer specialist Edward Snowden have seized the headlines. But the collection and manipulation of massive amounts of digital information is increasingly being applied in more legitimate ways, with savvy businesses investing in innovative tools to unlock real-time information about their operations.  Speed is the crucial factor, according to Felix Tan from the Australian School of Business. “If you can analyse and respond to customer and supplier data almost instantaneously, the better informed your business processes will be. That’s the challenge,” Tan says. 

Read the full article on the Knowledge@ASB website - http://knowledge.asb.unsw.edu.au/article.cfm?articleid=1820

Fad or Frontier: Is Big Data an Under-Utilised Asset? - Knowledge@ASB

Raquelle Zuzarte, Former VP Marketing, The Washington Post and Founder & CMO, Equity Project For All, speaks with John Roberts, Scientia Professor in the School of Marketing at UNSW Business School, about the triple bottom line and the theory and practice of Better Marketing for a Better World

Better Marketing for a Better World

Australian School of Business professor Peter Swan and colleague Marc-Oliver Fischer have stirred up the business community by refuting the popular view that independent board directors increase firm value. The researchers studied the performance of almost 1000 Australian companies since the ASX introduced voluntary governance guidelines in 2003. Those that followed the board independence recommendations increased CEO and director pay yet under-performed financially. “We estimate these losses conservatively at about A$69 billion over the period 2003-2011,” Swan says. “If the director has no substantial financial interest in the affairs of the company, the only thing they’re going to care about is their own wellbeing.” 

Read the full article on the Knowledge@ASB website - http://knowledge.asb.unsw.edu.au/article.cfm;jsessionid=d030776f2e048f3a362068701b46760536a7?articleid=1828

Skin in the Game: Is Board Independence Destroying Firm Value? - Knowledge@ASB

Plans by the new Coalition Government to abolish Australia's carbon tax put it on a collision course with its Labor predecessor, which opposes the move unless it leads to an emissions trading scheme. Into the fray comes new research from centres at the University of New South Wales. This modelling of investment and operating cost scenarios demonstrates how, by 2030, power generated from renewable energy sources would be a cheaper option than even “clean” gas and coal. The researchers aim to inform a process of decarbonising the electricity industries, but financial market analysts are sceptical that an entrenched reliance on fossil fuels will change without a series of ultra-extreme events.

To read the article please visit - http://knowledge.asb.unsw.edu.au/article.cfm;jsessionid=d030dfa1e4bcce4baa4c5370752f3d1f64c2?articleid=1837

Powering the Future: The Business Case for Switching to Renewables - Knowledge@ASB

Discover how SBS is leveraging data analytics to adapt to Australia’s evolving media landscape. In this episode, Maggie Dong from UNSW Business School talks with Jimmy Yuan, Marketing and Analytics Manager at SBS, about using AI, first-party data, and media mix modelling to navigate digital transformation, enhance customer retention, and drive marketing ROI. Gain insights into how SBS balances data privacy, audience diversity, and the complexities of modern marketing.

How SBS uses data analytics to navigate Australia’s shifting media landscape

Experts from UNSW Australia Business School gave an independent analysis of the Federal Budget 2016 in a roundtable discussion at the Museum of Sydney on 4 May 2016.

Federal Treasurer Scott Morrison readied the 2016 Budget with a close eye on the forthcoming election.  He didn’t have much room to move – delivering a budget with few surprises and forward projections based on an optimistic outlook.

The BusinessThink 2016 Budget roundtable analysed the announcements in Canberra, and new measures presented by Scott Morrison. Moderated by Julian Lorkin, the panel of UNSW Business School experts reacted to key budget measures, such as new tax breaks and regulations, as well as ideas around taxation and stimulating the economy that will shape the Australian business landscape.

The panel included:
• Professor Richard Holden (looking at the economic impact of the budget).
• Professor John Piggott (the budget implications of superannuation and taxation).
• Professor Neil Warren (taxation implications for various sectors, including public sector economics, with a special focus on taxation policy and distributional issues).
• Associate Professor Fiona Martin (taxation issues such as tax avoidance by multinationals).

The academic panel was introduced by Professor Chris Styles, the Dean of the UNSW Business School.

BusinessThink 2016 Federal Budget Roundtable

Associate Professor Fiona Martin - BusinessThink Federal Budget 2016 Roundtable

Professor Neil Warren - BusinessThink Federal Budget 2016 Roundtable

Professor John Piggott - BusinessThink Federal Budget 2016 Roundtable

Professor Richard Holden - BusinessThink Federal Budget 2016 Roundtable

It's not what you know, it's who you know
Professor Julie Cogin, Deputy Dean & Director AGSM, will present on the latest networking research. While many business professionals recognise the value of networking, few understand the fundamentals that drive and underpin its success. Professor Cogin will explore the conditions under which networking is most effective and provide new insights into networking’s return on time invested.

As managers and executives are increasingly pressed for time, networking can seem like an ever evolving time sink. Professor Cogin will examine how optimizing networking activities can increase job performance and limit time expenditure. Professor Cogin will be joined by industry panellists who will share their views from a workplace perspective.

This event is presented in association with BusinessThink, UNSW Business School's online thought leadership journal.
 
Panellists
1. Eric Yee, (MBA '10), Head of North Asia (Talent Solutions) at LinkedIn

2. Drew Waters, Chief Executive, The Australian Chamber of Commerce – Hong Kong and Macau

Host
Geoff Wilson, BCom ’80, Chief Operating Officer, Asia Pacific at KPMG and President of the UNSW Business School Hong Kong Alumni Committee
 
https://www.business.unsw.edu.au/news-events/events/businessthink-events

BusinessThink Hong Kong - Julie Cogin

This podcast features a discussion with UNSW Business School Professor Frederik Anseel and BusinessThink Editor Craig Donaldson. They discuss Anseel's findings on psychological immunity and resilience and the steps business leaders can take to ensure employee wellbeing in times of crisis.

How to ensure employee wellbeing during a crisis

This podcast features a discussion with Professor Jack Cadeaux, Head of the School of Marketing at UNSW Business School, and Kshira Saagar, Group Director of Data Science and Analytics at THE ICONIC, about how the business uses data to influence the customer decision-making process across multiple touchpoints.

How THE ICONIC uses data analytics to help customers buy what they really want

This podcast features a conversation with Dr Pamela Hanrahan, Professor of Commercial Law and Regulation in the School of Taxation & Business Law at UNSW Business School, and BusinessThink Journalist Victoria Ticha. They discuss the changing nature of deregulation, the role of government in deregulation, its impact on business and how to go about deregulation successfully in a post-coronavirus world.

Deregulation: the road to recovery for business and government

This podcast features a conversation with UNSW Business School's AGSM Adjunct Faculty Member Max Theseira, a seasoned transformation executive affecting large complex business change and organisational cultural change across both the public and private sectors. Max discusses the topic of digital business and the art of digital transformation.

How to accelerate digital innovation and transformation within your organisation

This podcast features a conversation with Markus Groth, Professor of Organisational Behaviour in the School of Management at UNSW Business School. We discuss the role of technology-driven changes at work, and how this is impacting workplace mental health and employee wellbeing.

How technology can help support employee mental health

A leader of business education in the Asia Pacific region

The mission of the UNSW Business School is to create and disseminate business knowledge for the benefit of students, organisations and society. UNSW Business School develops leaders for business, academia, government and the not-for-profit sector with the capability to succeed globally.

UNSW Business School is recognised as one of the top business schools in Australia. We have many outstanding credentials to support our reputation and are distinguished by the high calibre of our academics, students and alumni. We lead the way in research performance and in the rankings of our education programs.

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