This article is sponsored by the Fudan University School of Management International MBA program. Learn more.
In the second decade of the 21st century, the Chinese economy is undergoing a radical transformation. For years the country’s growth was built around its might as a global manufacturing center, a place where products were assembled quickly and inexpensively. Multinationals took advantages of the cost differential.
Although still a global leader in contract manufacturing (where products are designed elsewhere and assembled in Chinese factories), the Chinese economy is transitioning toward one more familiar to Westerners. It is a place where high-tech skills are increasingly prized and lower-paid line workers are demanding higher wages and better working conditions. The transition has not been without hiccups. Last year the Chinese economy grew by just 7.4% – the lowest level in 25 years.
Companies are finding one of the best ways to turn a challenge to their advantage is by embracing East-West collaborations. One of the oldest university-based programs, MIT Sloan’s China Lab, places students in a three-month consulting project for a Chinese entrepreneurial firm. Students work in teams of four: two MBA students from MIT Sloan and two International MBA students from Chinese partner schools.
Shanghai’s Fudan University is one of those. The century-old university is home to some 34,000 students. Its International MBA program offers students the chance to earn a learning certificate from MIT while Fudan students admitted to MIT’s Master of Science in Management Studies spend their second year earning an additional degree.
To see how the Fudan-MIT collaboration works, TopMBA.com interviewed program participants to learn how they provided value to participating companies while enhancing their own educational experience.
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