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New Global Research Site Announced in Hong Kong
Stopping in Hong Kong during a fast-paced tour of Asia that also included visits to Beijing, Shanghai, Singapore, and Kuala Lumpur, HBS Dean Kim B. Clark made an important announcement about the School's Global Initiative at an October 29 dinner hosted by the HBS Club of Hong Kong.
Clark opened his remarks by praising the Hong Kong Club's efforts in organizing the "hugely successful" Global Alumni Conference last April, noting that it had "set a new standard" for HBS alumni gatherings. Then mentioning the extraordinary changes that are occurring in the Asian business world - changes that are best understood at close range - Clark announced that the School is actively investigating the establishment of a small HBS research facility based in Hong Kong.
"The global nature of business today has created a remarkable set of opportunities and some interesting challenges for the School," he began. "In response, we are launching an important initiative that will enhance the way we prepare business leaders for the future." Clark reminded his audience of the School's long history of field-based research and its commitment to a faculty that is close to business practice. "We are building on that solid foundation to ensure that Harvard Business School in the 21st century will be an institution where our interests, activities, faculty, and commitment are truly global in nature."
Modeled on the recently launched California Research Center, the Hong Kong office will serve as a base of operations for the School in the Asia-Pacific region. Slated to open this fall, the center will be staffed by an executive director and one or two research associates. "The idea is to have people on the ground who are able to connect with important companies and executives from around the region while conducting case writing and research," noted Clark, who has named Professor Robert H. Hayes to serve as faculty chair of the project.
Currently an average of twenty HBS faculty travel to Asia at least once a year, and in the last three years, approximately eighty Asian-based case studies have been written. The new operation is intended to support and enrich this activity, making it possible for HBS faculty to develop research in areas such as equity markets in emerging economies, entrepreneurship in the overseas Chinese communities, and state-owned enterprises. A longer-term vision is that faculty will be in residence for periods of up to one year, developing affiliations with other faculty in the region and working on collaborative projects.
The Hong Kong office will be a place where workshops and activities will give faculty, research associates, doctoral students, and research affiliates a chance to interact and work together in what Clark called "one of the most dynamic regions in the world." Over the next decade, the hope is to establish similar research offices in other key regions. "We are wholeheartedly committed to the idea of building new understanding, deeper knowledge, and intellectual capital about business on a global basis," he concluded.
Earlier in the day, Clark and Hayes attended a breakfast meeting with members of the newly formed Asia Advisory Committee, chaired by Victor K. Fung. Representing leadership from the major countries in the Asia-Pacific region, these alumni and friends of HBS will act as relationship builders for faculty, developing networks and contacts for research and case development as well as providing advice and counsel.
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