This May, Macquarie Graduate School of Management (MGSM) students will take part in the school’s tenth China Study Tour – an intensive two-week, in-China visit that allows students to gain valuable experience and insight into the unique attributes of Chinese markets.
Illustrating Macquarie’s international outlook and global focus, the tour will see student touring the Chinese headquarters of leading companies such as Boral and Pfizer, as well as local companies such as wind energy business Goldwind.
Students will spend half a day at each of the host companies, meeting with top level executives, as well as getting insights into the local language, food and cultural customs.
Prior to travelling to China, students also work in groups to research each host company, preparing a management briefing report covering the various business challenges the company faces in China.
Tour leader and China-expert Professor Yiming Tang says past tours have been a resounding success, and have given MGSM participants an edge in business.
“China is Australia’s biggest market, both as an importer and exporter,” Professor Tang says. “It is extremely important for our students to be able to go abroad and navigate their way through China’s customs in order to do business there successfully.”
2012 tour participant and MBA student Ranjit Gaind agrees.
“The tour 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 the country,” he says.
“The experience gives valuable insight into the idiosyncrasies Chinese culture presents in a business context.”
Another 2012 tour participant, Scott Philbrook, says the opportunity to connect with business leaders in China was invaluable.
“The leaders of the chosen organisations are eager to share their personal challenges and successes, but to also hear your individual view on their business opportunities,” he notes.
“The tour gave me tremendous insight into best practices that can be easily transferred to my career in Australia or future dealings with Asian businesses.”
Read more about programs offered at the Macquarie Graduate School of Management (MGSM).