Cheung Kong Graduate School of Business (CKGSB) and NYU Shanghai (NYUSH) signed a Memorandum of Understanding on October 11, outlining a strategic cooperation to launch a joint teaching and research center, share educational resources and together recruit professors, combining the two schools’ strengths to better serve business executives and society.
Within the next three years, the two prestigious schools will explore the possibility of CKGSB-NYU Shanghai Joint Graduate Programs and exchange courses in which CKGSB faculty will teach commercial and business courses at NYU Shanghai, while NYU Shanghai faculty will lecture on commerce, the humanities, art, science and technology at CKGSB. Additionally, the two schools announced their intention to jointly recruit faculty members, who would then teach at both CKGSB and at NYUSH.
From left to right: Zheng Yusheng, Professor of Operations Management at CKGSB; Lode Li, Professor and Associate Dean of Academic Affairs at CKGSB; Jeffrey Lehman, Vice Chancellor at NYUSH; and Yuxin Chen, Dean of Business and Distinguished Global Professor of Business at NYUSH.
Commenting on the agreement, Lode Li, Professor and Associate Dean of Academic Affairs at CKGSB, remarked, “As the son of a NYU alumnus, a faculty member of CKGSB and a native of Shanghai, I am so pleased to witness the collaboration between NYU Shanghai and CKGSB becoming official. Starting today, these two great schools will be able share their resources in the areas of teaching and research. I believe that this is the right direction to go in this age of the sharing economy and that the collaboration will bring tremendous benefits to both the students and the faculty of the schools.”
Prof Li added that he received his Ph.D. from Northwestern University in the US, under the care of teachers including Professor Bengt Holmstrom, who this week received the Nobel Prize in Economics, and Professor Eitan Zemel, currently Dean of Business and Engineering at NYUSH.
Jeffrey Lehman, Vice Chancellor at NYUSH highlighted the intention to jointly hire faculty as particularly exciting and one that he said gives the MOU great substance. With the two schools aligned together, he said they should be able to attract some amazing talent, adding that the schools should set their sights at the very top.
“The cooperation between two top brands that highly complement each other in academic strength will bring tremendous mutual benefit. However, our collaboration should go beyond simply course exchange. The joint faculty hiring could be an exciting game changer,” Lehman said.
CKGSB Founding Dean and Professor of China Business and Globalization, Xiang Bing, also expressed his enthusiasm and hope for this partnership. “We are delighted and honored to work with New York University, a world-class research and educational institution,” said Dean Xiang. “Since its establishment, CKGSB has valued and strived for innovation, and through this strategic cooperation with NYUSH, we will continue to innovate by integrating the best of global educational resources and combining the advantages of the two schools in the fields of business and the humanities, offering students a truly global and holistic perspective.”
The unique partnership between CKGSB and NYU is ever more important in today’s increasingly interconnected world. Today’s globalized and diversified economy requires new ways of thinking and a broader vision from executives, which this strategic cooperation between CKGSB and NYU offers by combing the benefits from both the East and the West. This cooperation follows innovative partnerships that CKGSB has initiated with Harvard Kennedy School and Columbia Engineering, crossing borders and disciplines.
Cheung Kong Graduate School of Business (CKGSB)
Established in Beijing in November 2002 with support from the Li Ka Shing Foundation, CKGSB is China’s leading independent business school. CKGSB boasts more than 40 full-time professors, who have earned their PhDs or held tenured faculty positions at the world’s leading schools. Their research has provided the basis for around 400 case studies of both China-specific and global issues. CKGSB also stands apart for its unmatched alumni network. More than half of CKGSB’s 9,000-plus alumni are at the CEO or Chairman level and, together, their companies accounted for one sixth of China’s GDP in 2015.
Headquartered in Beijing, CKGSB has teaching sites in Shanghai and Shenzhen, and representative offices in New York, Hong Kong and London. The school offers the following innovative courses: English MBA; Chinese MBA; Executive MBA specializing in Finance, Healthcare or the Arts; Business Scholars Program; and Executive Education programs.
Jointly established by New York University and East China Normal University, NYU Shanghai is the third degree-granting campus in NYU’s global network, joining NYU Abu Dhabi and NYU’s campus in New York City. It is also the first Sino-US joint venture university approved by China’s Ministry of Education with independent legal person status.
With its 2013 inaugural undergraduate class hailing from all over the world, NYU Shanghai combines the best of Chinese and American education, creating a new kind of higher-education model for its talented students against the backdrop of globalization. Adopting a liberal arts curriculum with English as the language of instruction, NYU Shanghai expects students to spend the first two years on core liberal arts courses and select an academic specialization for deeper exploration and research in their third and fourth years. During their undergraduate studies, students will have the opportunity to spend one to three semesters studying abroad as part of the University’s efforts to create a cross-cultural learning environment that will help students become global citizens.
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