Guide for Advisement for Course Registration. 



Step1: Based on the Registration Office's information (commonly via from CBPM office), I summarize courses my advisee students should take in the next semester in the PPT. 

Step 2: I list up all my advisee students in Excel file (Sign Sheet: List, Email, Name & Sign space)

Step 3: Send Email student when they should come to my office to sign and get advisement

Step 4: When students come, I provide the prepared PPT file and let them sign on the sheet, commonly their English name). 



Step 5: Once I got all signs, I release their first hold before registration starts


Step 6: After the registration period over, and if a student has no problem, I release the second hold before the end of a semester.




Step 5, 6 Detail: Guide for Release Academic Hold




Document HIstory.

2018. Nov. 26 First Release after confirming the fact from CBPM office. 




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WKU Entrepreneurial Talent Development Center Initiative (ETD Space)



















Budget (Nov. 14, 2018)


300,000 RMB is approved by Dr. Tony Zheng 



Proposition for ETD Space (Dec. 07, 2018) after meeting with Liaoliao Yui: 


1. Pilot Stage:  Moving incumbent MakerXspace furnitures and equipment to ETD space by Feb. 2019 (Immediately): 


- To examine the ETD space utility, We may utilize the furniture and equipment at the MakerXspace in the Dining hall 2 quickly. 

- Studying the responses from users until Feb. 12, 2019 (before Spring semester starts)


2. Improving Stage: Reorganizing the space with newly supplying furniture and equipment (By end of Feb., 2019; 10,000 RMB)


- Based on the user responses, We may purchase and supply new furniture and equipment for the ETD space better. 


3. Design Stage: Redesign the space (if necessary, by End of May, 2019; LiaoLiao). 


- After a few months of operation, We may redesign the space with a better concept if necessary until the end of Spring 2019 semester. 


4. Renovation Stage: Renovate the ETD space with the new design and facilities (By Aug., 2019; Budgets will be determined according to the new design concepts)


- If needed, we can renovate the ETD space with the new design concepts by Aug. 2019. 







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WKU CBPM Faculty Refreshment Space 

Since having the new College of Business and Public Management (CBPM) building in Jan. 2018, the CBPM faculty members had needed a space for refreshment, food feedings, class material supports, and communication. 

Thanks to the donations from those 2nd floor faculty members, CBPM building get the faculty refreshment space equipped with coffee maker, snack bar, and refrigerator. 

Thanks, Donors! 


To respect our "Female faculty members", a space of the refrigerator is solely dedicated. 


Sept. 25, 2018

Facilitator, 

Dr. Jeonghwan (Jerry) Choi, 






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Global Practicum Project (OneHRT, Wenzhou, China) 


June 05, 2018: Team Up

A Global Practicum consulting team for OneHRT at Wenzhou, China is set up. 


For learning and collaborative works, a dedicated space is assigned to the CBPM building (A202) at Kean University (Wenzhou). 

A learning management system (Mainly Google Classroom https://classroom.google.com/c/MTU4MDcwNDAxNjNa ; supplementary- Blackboard) was organized and structured. 

All necessary materials (class, lecture, consulting tools, template, team sharing, resources, Bloomberg database) are in the system. 


June 06, 2018: Site Visit

A Global Practicum consulting team made a site visiting at OneHRT, Wenzhou, China. We were kindly welcomed by the OneHRT company. We visited two sites, and we could get basic understandings about the company throughout observation, Q&A, and intensive communication.

The Kean Global Practicum Consulting team and the Company - OneHRT made an initial agreement that contained purpose, scope, period, benefit, and information confidentiality.  


June 07, 2018: Consulting Process & Bloomberg Terminal @WKU

The WKU consulting team learned about the consulting processes and basic tools. 


The team learned how to access "Bloomberg database terminal @ Kean University (Wenzhou)" - the most reliable business data source to cultivate the industrial knowledge and company profiles.  


June 08, 2018: Company Analysis & Benchmarking Analysis

The WKU consulting team learned about how to conduct company analysis and benchmarking analysis. The team started gathering data for analyses.  



June 09~12, 2018: Debriefing and Data Mining

The WKU consulting team analyzed the client's need and started mining data for Benchmark study. 



June 12, Fixing Schedules

The WKU consulting team fixed the project schedule. 


June 13, Transforming Data/Information to Knowledge

The WKU consulting team started creating new knowledge based on acquired data and information. 

Alpha Team (Global Leaders in the Workforce Management Industry)

Beta Team (Chinese Domestic Market Leaders in Workforce management industry) 


Gamma Team (Chinese Domestic Market - Competitors)


Delta Team (Client Analysis & Format Checker, Fact Checker, Relation Coordinator)


June 14, Client Meeting for Updating

The WKU consulting team had a progress meeting with the Client (OneHRT) to update our progress. Three team leaders and three coordinators participated in the meeting. 

At the meeting, the WKU consulting team got a fresh and extensive request for conducting Corporate Social Responsible study for the company. 

  

June 18, (Dragon Boat Holiday) Formulating Strategies and Suggestions

The WKU consulting team crafted strategies and solutions for the client. 


June 21, Final Presentation in English @ OneHRT

The WKU consulting team presented our analyses, strategic options, and suggestions for OneHRT. 





June 22~25, Translating Contents into Chinse for Final Presentation in Chinese @ OneHRT

The WKU consulting team translate documents into Chinese to make a Chinese presentation. 


In addition, WKU consulting team formulate a few strategic goals including vision, mission, value, and objectives for the client. 


June 29, Final Presentation in Chinese @ WKU 

The WKU consulting team made the final presentation in front our 11 OneHRT clients (2 ~4PM @ CBMP Building C323). 

The team suggested eight strategic suggestions for OneHRT. Particularly, three immediate actions were proposed (OHT-WKU Internship Program; Makespace Improvement; Project Management Certificate program collaboration). 


From the results of this global practicum consulting project, OneHRT wants to continually collaborate with WKU. And the company would like to suggest follow-up projects and stronger support for WKU. 

 

Final Remarks 

In 2018, Twenty Kean University global business major students from New Jersey, USA and Wenzhou, China were hired as business consultants by the OneHRT (http://www.oht168.com) company – a workforce management company at Wenzhou, China. 

The mission of OneHRT consulting project was identifying managerial issues of the company and providing strategic solutions. 

The Kean student consultants completed:

Identified managerial issues of the company

Defined a managerial problem

Conducted external analysis of workforce management industry

Conducted internal analysis of the company

Formulated and suggested strategic options 

Provided actions plans to implement strategy


Particularly she completed Benchmarking analysis of eleven Chinese domestic workforce management companies in the perspectives of: 

Leadership profiles

Mission/ Vision / Value

Brief Growth History

Services / Brand

Size & Operation

Brief financial outcomes

Profitability analysis

Key success factor

Recent growth strategy

SWOT analysis

 Based on these rigorous research and investigation, Tracy proposed eight strategic suggestions for the client. And three suggestions were immediately implemented at OneHRT (e.g. Implementing internship program; Renovating Makerspace; Applying for One-Belt-One-Road mega project partnership). 

The Kean Global Practicum Project for OneHRT achieved the planned goals and created extra values thanks to the well-structured three months preparatory classes in the Union, New Jersey, and well-organized and intensive practice in Wenzhou, China.  

P.S.) The success mainly credited to Kean Leadership, CBPM leaders, and staffs. Moreover, those 20 hard working Kean business students must get the largest share of this success. 


 QR Code for Kean Global Practicum Project (2018 Summer, OneHRT)




 




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Dragon vs. Frog 




Recently, a few undergraduate students come to me and request for recommendation letters to apply for graduate programs. 

It is a great pleasure and honor to help students having my humble letters. And I asked a fundamental question: "What is your purpose of going to graduate school?"

Students commonly answered: 

Because I want to get a better job! 

Because I want to experience foreign life! 

Because my Mom and Dad want me to go to graduate school!

Because I have good GPA, TOEFL, GRE/GMAT scores.

Then, I changed my question: "What problem do you want to solve for us by using your knowledge from the graduate program?" 

Students are puzzled because they think they must come back home to get a good job and serve for their parent. Absolutely, that is OK. But that cannot be a reason to study at a graduate program because the purpose of graduate study is not to train the future workers but questioners, problem-solvers, and leaders.  

[Zootopia: July Hopps's Family Talk about Judy's career]

;


Many Asian students are bounded by a certain strong social pressure. This is the reason why Asian students work hard: to get a better job; to build a good and stable life. 

But what if these Kids have a great potential that can lead us to a better world through their creative and constructive problem-solving actions? Is the mediocre expectation from parents and society appropriate? 

I wish my students can search for a tough problem that must be addressed by the young talent. And I wish my students would not afraid to listen and follow their own callings from the tough problem. 

Because I can sense that many of our kids are dragons, not frogs

Dragons, please rise and fly high to help people! 


Jeonghwan (Jerry) Choi, PhD, MBA, ME


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Lecture Room Improvement for College of Business and Public Management at Kean University (Wenzhou). 

May 10, 2018




Completion of Lecture Room Improvement for College of Business and Public Management at Kean University (Wenzhou). 

Nov. 14, 2018





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Kean University (Wenzhou) Open House Event

Mar. 18, 2018

Demo Class1: Dr. Jeonghwan (Jerry) Choi (Management) talks about "What you will learn at College of Business" 






Demo Class 2: Dr. Robert Marjerson (Management) talks about "Case Study in College of Business"



Event photo: 





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Kean Business Plan Competition 


First Round (Executive Summary Competition)

Please Complete an Executive Summary of Your New Business Idea, and Submit it to bizplan@kean.edu after registering yourself at www.kean.edu/bizplan. 

Executive Summary Form is accessible at www.kean.edu/bizplan





EXAMPLES OF KEAN BPC 2018


First Round (Executive Summary Competition)

Executive Summary (1-2 pages single-spaced)

1. Company Name & Contact Information

Company name and location:

Your contact information (names, email addresses and phone numbers): 


2. Opportunity/Problem

Briefly describe the key problem or unmet need that you will address for your customers. 


3. Solution

What products or services will you offer to address the problem above to meet your customers’ need(s)?


4. Competition and Competitive Advantage 

What other options do your customers currently have to address their needs, and what makes your solution better for them?

What is your “crystal clear” competitive advantage?  What are you most counting on to encourage potential customers to buy from you?

If you have a common business, explain why customers need your particular business. Do you offer lower prices? More convenient hours? A better location or distribution method? A specialty that is not otherwise available in your area?  Do you have a different way of promoting your business?

If your company is doing something new and different, explain why the world needs your product or service innovation. What is it about existing businesses or situations that are subpar? Are you improving on a mediocre product or service category? 

5. Target Market

Who is your primary target market?

What is the size of that market?

What are the key trends affecting your industry that will make it an attractive market (e.g. competitive, economic, cultural, demographic, lifestyle, technological, political/legal, environmental sustainability, etc.)?


6. Why Us?

What is it about your company — your skills, experience, subject-matter expertise, business acumen, team, innovations, industry connections, key advisors, and so on — that makes you (or your team)the right one(s) to take advantage of this market opportunity?


7. Forecast

Summarize your financial goals. How much revenue do you expect to make in the first year of your business? What kind of revenue growth do you expect in the following years? When do you expect your business to be profitable, or do you have a strategic reason for running at a loss instead? 


8. Financing Needed

How much money will you need to raise and what will it be used for? 

  How do you plan to fund your business?    Will you need to seek outside financing or invest your own money to get it started?


The Submitted Business Plan will be evaluated in accordance with this evaluation rubic measurement. Please keep in mind this measuring factors when you write up the executive summary.



Definitions of Rubic

Business Opportunity

Presented the business opportunity and how the company will take advantage of that opportunity


Distinctive Product or Service

A unique/well-thought-out product and/or service that gives the company a competitive advantage


Target Market 

Explained the target market, its need, its size and the customer usage trends


Management Capability

Discussed how the founder and his/her team will develop this company and handle the associated risks


Financial Understanding

Displayed a good understanding of the financial requirements and projections for the business


Investment Potential 

Clear and compelling business idea, obvious investment potential


Quality of presentation

Presented business idea in a logical, persuasive manner, and answered questions convincingly. Visual materials effectively supported and enhanced the oral presentation.

All ratings are on a 10-point scale, with 1 being poor and 10 being excellent.


Example of Business Plan Evaluation



Samples of 1st Round Winners' Business Plan Idea

Green Community Farming

zzzGreenFarming.docx


HealthyBlender

zzzHealthyblender.pdf


MasterPiece

zzzMasterPiece.docx


Intellectual Exchange community

zzzIntellectual exchange community.docx


Smart Mirror

zzzSmart Mirror.docx


Cougar's Food Truck

ZZZCougar's Food Truck.docx



Second Round (Full Business Plan, Due date: Tentatively Mar. 19, 2018)

Semi-Finalists are expected to develop a full business plan that describes each following items in detail.   

1.Company Name & Contact Information

2.Opportunity/Problem

3.Solution

4.Competition and Competitive Advantage 

5.Target Market

6.Why Us?

7.Forecast

8. Financing Needed


Please Complete a full business plan, and submit it to bizplan@kean.edu until the due date.


Here are several samples of Full Business Plans that won prizes in previous Kean BPC. 

Full Business Plan Example: 2017 Kean BPC Prize Winners

- Fly Solo: 

Fly solo full business plan .pdf


- Home Style Furniture: 

Homestyle Furniture-Full business Plan.pdf


- Leisure & Love Coffee Shop

WKU Leisure & Love Coffee Shop.pdf


You can also refer to the following website: 

Guide to developing a full business plan: 

https://articles.bplans.com/a-standard-business-plan-outline/




Finalist Notification (Mar. 29, 2018)

Three finalist teams were chosen

Green Community Farming: 
Community or Urban farming is a popular social enterprise model in the US and Western Europe. The plan identified a unique niche for the target customer. However, the business model seems like a B2C, which may limit the growth of the social value from the business. Social enterprise model can be sustained and flourish if the model is deeply embedded on a specific community and local environment. The plan does not tap the aspect yet. If the plan can show the potential of B2B or B2Community, it will be more fantastic. 
The plan addresses a unique target market : Vegetarians; Muslim; Females; Healthy food consumers based on their marketing research and market analysis. And the plan proposed using S-ERP system for controlling function at the start-up. A smart idea! And the plan proposed a realistic financing and net income statement. The experienced team composition is a big potential for investment. 

Impressively, the team already established a Website and ready to operate. The plan follows the all necessary business strategy formulation processes. Financing strategies are reasonable. However, the target market and the need assessment are still ambiguous. For example, how large the potential market is not well identified for the customized design service from ‘novice’ designers. Targeting the whole campus of China is too ambitious to achieve a meaningful success at the first stage of a new business.   

Final Event (Business Plan Presentation, April 12, 2018)



HealthyBlender Team: PT Slide

https://www.slideshare.net/jeonghwan.choi/healthy-blender-team


Green Community Farming: PT Slide

https://www.slideshare.net/jeonghwan.choi/green-community-farm1



2018 Kean Business Plan Competition Winners

Green Community Team ($900)

李馥宇 (Fuyu Li, Fiona);  毛湘宁 (Xiangning Mao, Olivia); 陈应方平(Yingfangping Chen, Sylvia);


Healthy Blender Team ($900)

Qi Zhang (Verna); Anqi Zheng (Carina); Jiayi Wu (Ashley)


MasterPiece Team ($150)

Jinxin Xu 徐金鑫 (Allen); Lantian Jia 贾蓝天(Sapphire)




2018 Kean Business Plan Competition Award Ceremony (May 11, 2018, Hall of Fame Event @ CBPM Building )

Introduction of Kean BPC & Winner of 2018



Kean BPC Winners of 2018




2018 Kean Business Plan Competition QR Code





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Institutional Review Board (IRB) Application Process at Management & Marketing, College of Business, Kean University (Wenzhou) 




I would like to share this information about "Institutional Review Board (IRB) Application Process at Management & Marketing Department at College of Business and Public Management (CBPM) at Kean University (Wenzhou campus). 


Different from another major, We, management and marketing faculty members and students, conduct field research to mine data from people. In this case, we need to comply "Human Subject Protection" rule because Kean University (Wenzhou) is subjected to the American education policy. 


In order to apply and get an IRB approval, You can take these processes. 




1. Please read and understand the IRB policy of Kean University


Kean IRB & Research Compliance


http://www.kean.edu/offices/research-and-sponsored-programs/irb-research-compliance



Shortly speaking, you need to prepare "Required IRB Application Documents"


*Signed Paper Copy of the application (PI, CO PI and Faculty Advisor, if a student is the PI)

*CITI Certificate (PI, CO-PI and Faculty Advisor)

*Consent Form

*Debriefing Form


If applicable, these items must also be submitted with the application for it to be complete:


Assent Form (For participants under 18)

Site Permission

*Copies of all survey instruments, including interview questions

*Copies of recruitment letters, emails, flyers or advertisements



2. You need to take an online course and you must get a Certificate of Tutorial Completion at here. 


Overview of Training: 

http://www.kean.edu/offices/research-and-sponsored-programs/irb-research-compliance/submission-information/training


CITI Training: https://about.citiprogram.org/en/homepage/


WKU IRB applicants are required to completing the Human Subject Research HSR) Series: Social, Behavioral, Educational Module. 


Even though you already have a certificate from another institution, you are required to complete and show the certificate again for Kean University. It takes around 4~5 hours to complete the tutorial. You may prepare it in your free time before applying IRB. 


3. Prepare the IRB application form. 

By using an official application form, you can complete your IRB application form.


You can download the IRB application forms in here. 

https://keanirb.wixsite.com/keanirb/application-forms


The IRB application level is totally dependent on your "subject". And please consult with me (Dr. Jerry Choi  jechoi@kean.edu,  IRB coordinator at WKU) to declare your level of IRB application. If your IRB level is "Exempt" with minimal risk, it is automatically defined as an expedited application. And it will be much easier and faster. :) 


4. Apply for IRB to Kean ORSP (Office of Research & Sponsored Program). 


Once you complete 1) IRB application form and 2) Online course certificate, you can apply your IRB to  irb@kean.edu . 


IRB COORDINATOR: 

REENAT HASAN

Office of Research & Sponsored Programs

Townsend Hall, 130

T: 908.737.3461

F: 908.737.3369

irb@kean.edu


You can communicate with IRB office manager at Kean is Susan Gannon (sgannon@kean.edu) or Person in Charge (Reenat Hasan, hasanr@kean.edu). 



5. Then, Be patient. 


Unfortunately, WKU cannot control the IRB process at Union campus. WKU is trying to take over the authority of "Exemption" level of IRB, but it is not positive because IRB authority cannot be delegated outside of the US territory. Anyway, I personally made a basic "understanding" with the IRB Office at Kean last winter. So, WKU management faculty will get a special support from the office. 


You can refer the IRB Application Deadlines at Kean Union in here. 

https://keanirb.wixsite.com/keanirb





Commonly, the IRB process requires "2 ~ 3 months" in general when it is "Exempt" level study because the IRB board meeting opens monthly for the 'Exempt" level. However, if you apply for level 1 or higher, it takes 4~6 months for review. But the time can vary depends on your research subject. 



These are the rough guideline for your IRB application in WKU CBPM. 




Jeonghwan (Jerry) Choi, PhD, MBA, ME 



IRB Coordinator at Management & Marketing, CBPM, Kean University (Wenzhou campus)



Document Information



Nov. 28, 2017: Updated according to Reenat Hasan's suggestion of http://www.kean.edu/offices/research-and-sponsored-programs/irb-research-compliance


Nov. 27, 2017: Published



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Guiding to Career Development for the Millenial. 


In this workshop, I am talking about the changing of career development paradigm from linear to protean (non-linear) career development in recent years. In addition, I am introducing the purpose-driven career development for the Millenial. 



Wenzhou-Kean University 

(Sat. 2:30PM ~ 4:30PM @ Dining Hall 2)


Sponsored by:   WKU Career Center, Career Development Student Organization







Traditionally, the vocational career follows a linear way of change. But recent career development is highly dynamic and non-linear. We call this recent career change as "Protean career development". 




Especially, the Millenial has a unique desire for career development. The Millenials are looking for 'contingent but equifinal purpose' achievement through their professional career. 



The Young expect that they will have multiple jobs (in average > 7 jobs) throughout life-span. However, the profession does not necessarily change over vocation. For example, a business major student can define their profession as "a business problem solver who addresses managing money (Capital) and managing people (Labor)". Defining a profession, rather than a job, thus, important for the young to develop their own protean career. 


I personally propose the young to think about "What actions are you taking now to achieve the purpose?" because only the current actions build the future career. 


To manage the current action, I suggest the young to use the "Energy planner" that may help organize and align their current actions to achieve the purpose (mission). 


File Download: 

EnergyPlanner_A5_Workshop.pptx




Speakers:  

Dr. Jeonghwan (Jerry) Choi  

Assistant Professor, College of Business and Public Management, Kean University (Wenzhou)


PhDUniversity of Illinois at Urbana-Champaign

MBA, HHL-Leipzig Graduate School of Management

ME, INHA Graduate College of Engineering 




Photos of the Workshop


 


 






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Guiding to Graduate Schools Workshop 

The Purpose: 

The purpose of sharing this information is to enhance the understanding about Graduate studies in foreign countries. Four international faculty members at College of Business and Public Management (CBPM), Kean University (Wenzhou campus) share their experiences of Graduate school application, admission, and completion. 


Speakers: 

Dr. Jahidur Rahman (PhD, City University of Hong-Kong)

Dr. Candy Lim Chiu (PhD, Kyoto University, Japan)

Dr. Mohammad Mousavi  (PhD, University of Edinburgh, UK)

Dr. Jeonghwan (Jerry) Choi (PhD, University of Illinois at Urbana-Champaign)



Organizers:  From Left to Right

Helen (Hou Yiwen), Zagan (Chen Juefan), Afra (Man Quitong), Ariana (Xu Yunxin), Fredericka (Ge Yunuo). 




Workshop Materials: 


PPT file for the workshop: 

Speakers details: 

Dr. Jahidur Rahman (PhD, City University of Hong-Kong) talks about the importance of "Evaluation Metrics liks standard scores, GPA, and experiences from extracurricular activities". 

Dr. Rahman's Video: 


(In China, Bilibili Video) 


Dr. Candy Lim Chiu  (PhD, Kyoto University, Japan) talks about "Prepare a complete application package including SOP, required qualifications, portfoloio". 

Dr. Chiu's Video: 


(In China, Bilibili Video) 


Dr. Mohammad Mousavi  (PhD, University of Edinburgh, UK) talks about the unique characteristics of UK graduate programs and importance of "purpose of graduate study". 

Dr. Mousavi's Video: 


(In China, Bilibili Video) 


Dr. Jeonghwan (Jerry) Choi (PhDUniversity of Illinois at Urbana-Champaign) talks about American graduate programs and suggests a "Template" that can help applicants organizing and preparing graduate school applications.". 


Dr. Choi's Video: 


(In China, Bilibili Video) 


Question & Answers:  


(In China, Bilibili Video)



Workshop Pictures:  

   

      




How to get a strong recommendation letter for Graduate school application? 

please refer to http://leadershipcenter.tistory.com/444



A Samples Recommendation Letter Instruction (Evaluation letter for an applicant)

Please evaluate the candidate and comment on the following:

1. What do you consider to be the applicant's primary talents or strengths?

2. Discuss the applicant's weaknesses and the efforts, if any, the applicant has made to improve in these areas.

3. Comment on the applicant's ability and willingness to work in a team environment.

4. Describe your observations concerning the applicant's leadership.

5. How will a graduate business degree contribute to new employment, or the candidate's managerial advancement in his/her current organization?

6. Provide any further comments that you believe would aid the committee in the evaluation of the applicant.


A Samples Recommendation Letter



A Samples Statement of Purpose (SOP) 

Source: https://www.mbaadmissiongurus.com/sample-mba-sop/finance




A Samples Statement of Purpose (SOP): Wenzhou Kean Student (500 words)

I, _______ , am writing this essay to apply for the MS in Finance program at the University of _____________.  

First and foremost, my main purpose of applying for the program is to grow myself as a global financial problem-solver in the field of social entrepreneurial finance, particularly in community economy development through building innovation cluster in developing countries like China, Vietnam, and Sub-Saharan Africa in the global economy. 

From my previous research of the Development Trend of Industrial Cluster in Wenzhou, the economy in China now developed in an imbalanced way. That is a few leading cities are economically growing quickly while many underdeveloped cities are declining because of unequal financial resource distribution issue. The problem of unequal financing for community economy development is one of the most critical problems that need to be addressed in development country’s economy. I want to learn about advanced knowledge about the financial problem-solving skills from your institution – the best graduate program for social entrepreneurial finance to address the issue in developing countries.

Second and specifically, I want to learn from the case of St. Louis city’s transition to Small-Medium Enterprise (SME) friendly local community economy development model in the perspective of entrepreneurial financing. I was acknowledged that St. Louis was an example of declining community economy, which is similar to Wenzhou – a second tier industrial city in China. From my personal communication with Dr. Choi – a founder of UC Smiles (a local currency social enterprise) at Urbana-Champaign, IL, I get to know that WUSTL have been successfully addressing the community economy problem in terms of Entrepreneurial Finance. I get a keen interest in the St. Louis community economy development model speculated in developing SMEs through entrepreneurial financing strategies and policies. 

At the Wenzhou community economy development project, I observed that financing to a few number of Championing companies did not work well in developing the community economy. For example, those leading companies, who took most entrepreneurial financial resources from central and local government, encountered economic crisis when their big global customers (e.g. Samsung) faced a problem in 2016 (Galaxy Note 7 – burning battery issue). Consequently, many SMEs at Wenzhou bankrupted and the local economy quickly declined. I would like to learn what will be better entrepreneurial financing strategies and policies in developing SME friendly local community economy from the living case of _____ city. 

Third and finally, I would like to elaborate my inquiry of social entrepreneurial financing as a global initiative at _______. I know that _________ has a strong tradition of multidisciplinary and diversified global initiatives for public value creation. I want to be a part of it and I am eager to contributing the legacy. I strongly believe that my inquiry of social entrepreneurial financing for developing countries is well aligned with the mission of the __________ graduate program.  

Shortly, I will be growing as a financial problem-solver who would address the financing issues in developing innovative local community economy at developing countries. 



 

TOEFL Waiver Example 

As a four-year fully English speaking American college, WKU students can get TOEFL waiver from many English speaking graduate schools. 

This is an example of applying for the TOEFL waiver. WKU student can get this certificate from the "Registration Office" and provide it with the application package. Please check out the availability of the TOEFL waiver at target graduate programs. 




About this document: 

Oct. 01, 2018: Added TOEFL waiver example

Nov. 27, 2017: Added Sample 2 SOP

Nov. 02, 2017: Added Youtube Videos. 

Nov. 01, 2017: Added Bilibili QR Code

Oct. 24, 2017: Sample SOP was uploaded

Oct. 22, 2017: Sample recommendation letter was uploaded

Oct. 19, 2017: Presentation materials and photos were uploaded

Oct. 18, 2017: Workshop completed

Oct. 11, 2017: Originally written by Dr. Jeonghwan Choi 


End of Document


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How to get a strong recommendation letter for Graduate school application? 


Faculty members want to give a more practical guide and support for graduate school applicants

Photo: Kean University (Wenzhou campus) Faculty members at 2017 Graduation Ceremony. 


However, faculty members have difficulties in writing a strong recommendation letter for two reasons: 1) Lack of applicant's information and 2) Time pressure. 


Solution 1: Use the Recommendation Letter Request Form

A faculty recommender needs necessary information and sufficient communication with an applicant to write a strong recommendation letter. The necessary information are 1) Personal information, 2) Purpose and Goal for graduate study, and 3) Capabilities and Characters of graduate study.   

The best way to provide recommender an applicant information is making sufficient and continual interactions. If an applicant works for a recommender and makes continual communications, there will be no problem for a recommender to know about an applicant to write a reference letter. 

But this case is not many in reality.  So, proving a recommender the sufficient information is highly desirable. 

The following template helps an applicant providing necessary information to a faculty recommender. 

Download file. 

Request for Recommendation Form_General2.pptx

(Rev. Oct. 10, 2017)


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The template is composed with 1) Applicant's personal information 2) Relationship with a recommender, 3) Necessary documents, 4) Applying schools, 5) Recommendation form, 6) Purpose of graduate study, 7) supportive capability, skills, and knowledge, and 8) Decision.  

It is noteworthy that an applicant can use the "Reference-letter.com" to fill in the "Any sample sentences do you want to include in the recommendation letter". 

Recommenders want to provide specific sentences that can highlight an applicant's strength and capability. And, an applicant can help the recommender to paraphrase the sample sentences.  

Click here to go to www.reference-letter.com


Solution 2: Make a Continual Communication

If an applicant completes the Recommendation Request Form, the individual should try making continual communications. Face-to-face interaction is the best form of making communication with a recommender. However, if it does not work, please never hesitate to make a phone call, Email, or message to refresh an applicant's request. 

Unfortunately, recommenders have limited time resource to write recommendation letters. For example, if a faculty get 10 requests for recommendation letter writing, the faculty may write more than 100 letters because an applicant commonly applied more than 10 different graduate schools. 


Frequently, a recommender misses or forgets to submit a recommendation letter for an applicant because of the reason. 

So, please do not assume that you will be a strong recommendation letter from a recommender simply because you 'requested'. But, please try to make a continual communication with the recommender. 


In short, use the recommendation letter request form for graduate school application and make a continual communication by using the form. It will help an applicant getting a strong recommendation letter. 


For more information, refer to this article. 

How to get into Graduate program? 

http://www.howtogetintograduateschool.com/graduate-applications/grad-school-beginners-guide/



This article is written by Jeonghwan (Jerry) Choi, PhD, MBA, ME


PhD, University of Illinois at Urbana-Champaign (USA)
MBA, HHL-Leipzig Graduate School of Management (Germany)
MBA, KDI School of Public Policy and Management (Korea)
ME, INHA Graduate School of Engineering (Korea)


Remarks: 

This article was formulated at the Professional Developments Days in 2017 at Kean University (Wenzhou) with collaborating from Dr. Mouhammad Mousavi and Dr. Gaurav Gupta 


https://www.slideshare.net/jeonghwan.choi/how-to-get-a-recommendation-letter-for-graduate-school-application




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Can the Holacracy (no boss organization) work in China? 

After implementing the Holacracy practice at Zappos, the management practice gets special attention from managers and scholars. So far, the Holacrazy does not work well. But, I give a special attention to this new managerial concept because I believe that a new form of organizational structure is necessary to meet the business environment changes. 

A Chinese student thinks that the Holacracy can work in China. 

Do you agree with him? 


Jeonghwan (Jerry) Choi, 

PhD, MBA, ME




REFLECTION ESSAY

Course: Principles of Management

Module 08: Organizing

Name (Pingyin & English): Shen Zhenyao (Stacey)


Tony Hsieh, CEO of Zappos, decided to use the creative idea- holacracy in his company. When facing his unexpected management method, a large number of people are hard to understand his action. 

   Holacracy breaks many thinking methods in traditional management. It shows Tony has his own creative ideas about managing his employees. People always cannot accept new things. At the time of the announcement, 14% of people left the company. And Zappos is becoming weaker during this time period. In society, many traditional managers and scientists do not think this will cause Zappos become more successful. After the implementation of holacracy, the situation of Zappos is becoming worse. As a good manager, there is no reason for Tony to take such a huge risk if there is no reasonable future benefit. Therefore, there are must have some reasons for him to make that decision. It is meaningful to analyze holacracy’s benefits. Holacracy will contribute a lot of benefits to companies. It will increase the relationship between workers, collect more imaginative ideas, and obtain more comprehensive information.


First, holacracy will encourage collaborate and communication by eliminating workplace hierarchy. 

   Hierarchy let workers just talk with their superior managers. However, in most of time, the manager cannot exactly recognize whether the idea is good or not. It is difficult for people to recognize their errors, but it is easier for other people to figure out their mistakes. Traditional hierarchy causes workers just focus on the work of their own area. If the people in other departments have some suggestion for them, they may consider that as provocation, and not accept it. And the people in other departments always do not want to share their opinions for the misunderstanding. However, holacracy let people dispel this concern, and speak out their advice freely. 


Second, more creative ideas will come out. Not only because there are more people can consider about creating new ideas, but also because they are not constrained by others. 

   In some situation, smart people’s minds are being constrained by knowing too much things. They will automatically think about other similar events and the possible results. However, some normal people may come up with some creative ideas, which are not reasonable but useful. Though the ideas of normal people are not practical. But there are many professional people, who can expand the original simple ideas. Thus, if there are more people can come up new ideas, the company can be developed more unexpected.  Moreover, many workers do not say out their ideas because they are not confident, they think they are ineligible to speak out their ideas. Holacracy will avoid they have this kind of concern.


Third, a company can have more detailed information from people. Hierarchy cause CEO just can hear the thought of superior managers. 

   However, according to a fferent situation, different people can see different aspects. Superior managers just can see the problems, which may happen in a more macroscopic way. Normal people can realize the problems, which may happen because of some tiny things. These tiny things are easy to be ignored by many superior managers, but these tiny things always can cause the deadliest problem. Collecting detailed information is critical for companies.


Holacracy changes a lot of thinking in traditional management. 

   It will bring many benefits to companies. Although holacracy changes many aspects in traditional management, it is one of the significant trends of future management. Managers should try to learn it and figure out the advantages in it. It is a wise and valuable decision to choose holacracy.

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Does Chinese e-Commerce prevail traditional economy like Amazon does in the US? 

I discussed the Amazon - Whole Foods deal in the perspective of Chinese e-Commerce in my Principles of Management Class (June 19, 2017). Interestingly, many Chinese business students do not have any objection about e-Commerce because they are highly integrated with a few key e-Commerce tools like Alipay, WeChat pay, and Taobao. This Chineses people's reaction is interesting, and I would like to share a reflection essay of my student. 


More than I expected, Chinese e-Commerce business is getting more deeply integrated with people's daily life than any other country. 


June 2017. 

Jeonghwan (Jerry) Choi









Source: Alibaba buys 32% stake in grocery chain Sanjiang: http://retailinasia.com/in-shops/alibaba-buys-32-stake-in-grocery-chain-sanjiang/




REFLECTION ESSAY

Alibaba prevails Off-line Market. 

Course: Principles of Management

Module 7: Planning & Strategy

Name (Pingyin & English): Zhuchen Wang & Oliver


Alibaba is the dominant e-commerce giant in China, but now it is moving into the brick-and-mortar space. Last year, Alibaba has invested $305 million in Sanjang Shopping Club, a discount supermarket in China, that would give Alibaba a 32% stake in the offline retailer (Reuters, 2016). It is Alibaba’s long-term strategy that integrates its online shopping with offline brick-and-mortar stores. The decision made by Alibaba shows that the integration of online and offline channels may help those e-commerce giants to keep its market share even earn more profits. There are many reasons that relate to the change, including improving the efficiency, data analytics, and customer convenience.

First, integration of online and offline can improve the society’s efficiency.Once Alibaba has the offline channel, it could manage the whole supply chain to combine its online shopping services with the offline physical store’s experience. For instance, you have to buy the fresh food in the grocery store by yourself because those products require a more hands-on experience than delivering, and also there should have someone to receive the goods. With the new retailer service, customers order groceries online and chose the nearest convenience store, then drive to that store where they can get the bags right away which save time and money.

Second, leveraging data to analyze customer’s buying patterns.Alibaba is working with several brands such as PepsiCo and Mattel to help them identify customer preferences through data analytics. This gives the e-commerce giant insight into what products customers prefer to purchase offline. Analysis of this data can help the company to work towards its integrated retail offering, where certain products are offered offline and others can be conveniently bought online.

Third, to combine to the online and offline strategy can improve the consumer convenience. E-commerce is soaring and food-delivery businesses are taking off because human beings are fundamentally lazy and they do not want to leave the couch to buy stuff. Now, once the Alibaba expanded its service to offline grocery stores, people could elect to have the fresh veggies and organic dips delivered to their homes and apartments. It will improve the consumer convenience.

As the retail landscape evolves, the “online-only” model will face growth limitations. Under the requirements of improving the society efficiency, using data to optimize buying options and consumer convenience, Alibaba took an important action on its strategy.In my perspective, I think it is a wise choice for because it will benefit not only to the customers but also to the whole industry. The presence of brick-and-mortar stores remains important to many customers, and there are several products which customers still prefer to buy in person. Alibaba’s strategy formulates a bright picture of future.


Reference

Reuters. (2016, Nov. 18). China's Alibaba buys into supermarket chain Sanjiang Shopping. Retrieved June 20, 2017 from http://www.reuters.com/article/us-sanjiang-shop-alibaba-idUSKBN13D1T2




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Should S. Korea join the OBOR or Not? 


I am teaching the Principles of Management course (MGS2030, 2017 Summer) now. 

In my class, I encourage my students writing 'reflection essay' for each learning module. 


Two students discuss One-Belt-One-Road (OBOR) initiative in terms of S. Korean business perspective for Module 5: Contemporary Issues of Management. 


Please read the following essays, and what do you think? 


Jeonghwan (Jerry) Choi, PhD, MBA, ME

Assistant Professor, 

Kean University (Wenzhou). 









S. Korea should join the OBOR! 


REFLECTION ESSAY

Course: Principles of Management

Module 05 :Contemporary Issues of Management

Name (Pingyin& English):    Nick



In 2013, China's president, Xi Jinping, proposed establishing a network of railways, roads, pipelines, and utility grid that would link China and Central Asia, West Asia, parts of South Asia and parts of Europe. OBOR comprises more than physical connections. It aims to create the largest platform for economic cooperation, including policy coordination, trade and financing collaboration, and social and cultural cooperation. OBOR can benefit everyone involved through open discussion. South Korea is a neighbor country of China. It is also an Asian country. In March, 2015, South Korea joined Asian Infrastructure Investment Bank. And the development of OBOR drew great attention from all walks of life of South Korea.


So, should South Korea cooperate with China and work together for the joint implementation of OBOR?


And I thing South Korea should join the OBOR. Because there is no doubt that the initiative will provide economic opportunities for South Korea. And according to the "Vision and Actions" plan, three provinces of China(Liao ning, Ji lin and Hei long jiang) will become sea-land "window" linking Russia, Mongolia and other areas in the Far East. So Korean government could get many opportunities for cooperation with Eurasia. OBOR can contribute to build a Northeast Asian economic zone. And South Korea will benefit from it.


The construction and development of OBOR is closely related with South Korea.OBOR will invest and construct a great amount of infrastructure including railways,  roads, pipelines, and utility grid that would link China and almost the whole world. South Korea could take advantage of these infrastructure to  transport their products and stimulate its economic growth.In Kazakhstan, a Central Asian country, South Korea's Samsung and LG electronics products occupy the local market share as high as 80%.  And the number of  South Korean cosmetics agency is increasing too. However, most of South Korea's products are transported across the mainland of China. The products were shipped to Lianyungang, Jiangsu province of China, and then arrived in Almaty by the "New Asia" regular freight train. This railway line officially opened in February 25th, 2015,  is one of the important achievements of "China Belt and Road Initiative construction. For South Korea, this railway also has a special significance.


South Korea will have new way to connect with Europe if it join the OBOR.OBOR will provide an opportunity to improve the logistics environment of South Korea.Nowadays, the two most common logistics networks between South Korea and Europe are sea freight and railway. Shipping is cheap, but it takes a long time. It takes forty or fifty days from South Korea to European ports. Although South Korea could use Siberia railway, the shortest logistics network connecting South Korea and Europe is China's new Eurasian Continental Bridge. The rapid development of OBOR will be helpful for the construction of the new Eurasian Continental Bridge. As a result, providing  South Korea a new way to connect with Europe is undoubtedly good. It will help South Korea has more close connection and business communication with European countries and create huge profit.


South Korea could also get benefits from taking part in building infrastructure in developing countries, development of resources and new industries.Many countries involved in OBOR are developing countries. These countries are facing great challenge of development also have great developing potential. However, these countries' infrastructure including railways, industries, roads and so on needed to be upgraded.South Korea could accept these developing countries' infrastructure building projects and get benefits from it. Also South Korea will have more resources due to its convenient connection with other countries. Also, as a member of OBOR, South Korea has the same right compared with other countries to enjoy the benefits from new kinds of industries that developed by all member countries of OBOR.


In the construction of OBOR, China put forward the concept called "community of destiny", its core is interconnection which means expand economic cooperation by connecting highways, railway and port to build infrastructure with neighbor countries. In this process, if South Korea take an active part in it and strengthen the cooperation with China, both China and South Korea will get benefits. And I think China and South Korea should disregard previous enmity and work on OBOR together. It will be helpful for both countries' development. Especially for today's South Korea weak economy, I think OBOR will stimulate South Korea's economy and make it has a fast economic growth.China and South Korea should make a joint efforts to develop a better world through the bond of OBOR. South Korea could get a lot of benefits from OBOR. And I hope the sound of the OBOR chorus will spread loud and wide across the world and make the world better.


Reference

Tai Hwan Lee. "One Belt, One Road Strategy and Korean-Chinese Cooperation". Web. June 13,2017.

 

Tian Jinchen. "One Belt and One Road: Connecting  China and the World". Web. July 2016. June 13, 2017.





S. Korea should not join the OBOR! 


REFLECTION ESSAY

Course: Principles of Management

Module 05: (Contemporary Issues of Management)

Name (Pinyin & English): Joseph


At all times and all over the world, whatever occupations a person pursues, making a right choice is the most important thing.


In March 2015, China announced that it was going to set up One Belt One Road (OBOR) item. China would invest in the countries who were the members of OBOR, focusing on improving connectivity and cooperation among Asian countries, Africa, China and Europe. However, in October 2015, Trans-Pacific Partnership Agreement (TPP) made substantial progress, which was considered as the weapon to balance OBOR, leading by the United States. Under this background, almost half of the nations in the world have determined to participate whether OBOR or TPP. However, as a significant economic entity in this world, S. Korea have not make the decision yet.


S. Korea decision makers must choose one agreement to participate, and business managers of S. Korea must consider the benefit and loss of participating one of the agreement, influencing the government’s decision to maximize their benefits. Over the two years, from 2015 to 2017, the situation seems that choose OBOR is a better choice for S. Korea because the United States would quit PPT, and the Chinese market definitely has a huge potential. Besides, lots of analysts think the future of OBOR is bright, regarding it as another Marshall Plan. Whereas OBOR is not a rescue plan but evaluated on a commercial basis. The whole item depends on China, which means the risk is very high just like only one stock in an investment portfolio. In addition, for S. Korea itself, geography and policy issues would also come about some challenges and stresses.


Therefore, I think OBOR has a huge risk for South Korea.


First, basically supported only by China, OBOR itself will face a huge financial risk.According to the news, China warned of risk to banks from One Belt, One Road initiative, the lack of commercial imperatives behind OBOR projects means that it is highly uncertain whether future project returns will be sufficient to fully cover repayments to Chinese creditors (Weinland, 2017). Even though the China government declares OBOR is a commercial item, but lots of analysts regard it as a rescue plan. For instance, OBOR connected many countries include some huge poor areas like East India, Africa, and Middle Asia. Obviously, people in these areas have a very low purchasing power, so the investment in these areas is quite hard to recover the cost. Once China cannot support the loss, widespread bankrupt would happen in China, which could lead a new financial crisis especially throughout OBOR members. S. Korea must be hurt by the crisis if it joins OBOR.


Second, the geography of South Korea can bring challenge and risk to it.South Korea is on the south of North Korea which rejects to join any terms of organizations (Hwang, 2017). North Korea also is an uncertainty factor in the area of China and S. Korea. Therefore, if China and S. Korea have any major cooperation plans, they must consider the negative role of N. Korea. For instance, the main thing that OBOR does now is building unitive road and railway to connect all the members, so if S. Korea joins in OBOR, it cannot be excluded that China could build a cross-sea bridge between S. Korea and North-East of China, and then connect S. Korea to Russia and Europe. However, once the bridge built, it must close to N. Korea unless China does not count the cost, which would recur N. Korea’s attention or even reaction, containing lots of uncertainty and pushing the area of Northeast Asia on edge. Therefore, S. Korea would face a huge risk because of neighboring country N. Korea.


Third, join OBOR will generate political risks to South Korea.In terms of economy, OBOR and TPP are like brothers, but in terms of politics, OBOR and TPP are contrary, so the behavior of join OBOR will bring some political stresses from TPP members or to S. Korea. The issue of participating OBOR or TPP can be simply defined as the choice to close to China or America even though the United States will quit TPP, so the action of taking part in OBOR will be read as breaking away from American camp and join Chinese camp, which is not only an economic issue but a political issue. Then it’s possible that the United States treat S. Korea as another competitor and distribute a kind of sanction in some extent. S. Korea would be suffered from the political risks. For example, S. Korea’s military equipment basically depends on the United States, so once S. Korea has a political crisis with America, it’s national defense will face a huge shock, which is the most serious issue for a sovereign nation.


All in all, For S. Korea, participating OBOR has a huge risk. Because of OBOR itself high risk in business and finance, S. Korea can sustain some loss to some extent. In addition, the geography of S. Korea generates certain risk from N. Korea, and if S. Korea joins OBOR, it could face a political risk from America.The choice of taking part in OBOR is not so good as it seems like, at least the risk is so large for S. Korea, so the business managers should consider more about the benefit and loss of the choice, participating OBOR or TPP.


Reference

Hwang, B. (2017, January 14). What South Korea Thinks of China's 'Belt and Road' Retrieved June 13, 2017, from

http://thediplomat.com/2017/01/what-south-korea-thinks-of-chinas-belt-and-road/


Weinland, D. (2017, January 26). China warned of risk to banks from One Belt, One Road initiative. Retrieved June

13, 2017, from https://www.ft.com/content/6076cf9a-e38e-11e6-8405-9e5580d6e5fb?mhq5j=e2

 






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