MIT Sloan Global Programs Report 2019-2020 by mitsloangp

MIT SLOAN

GLOBAL PROGRAMS REPORT 2019 – 2020

Keeping our innovation and entrepreneurial ecosystem thriving Not so long ago, members of the MIT Sloan Global Programs team were often found far from our Cambridge campus. We crisscrossed the world, going to and from Asia, Latin America, and Europe on a regular schedule. Like everyone else last spring, we turned from the physical technologies that could “zoom” us to any country on any given day to digital infrastructure to keep our connections alive and growing. While video conferencing existed well before it became a daily necessity, our global partnerships and collaborations depend on it more now than ever before. The COVID-19 pandemic has isolated all of us physically, but in other ways it has drawn us much closer. The pandemic has altered the ways in which we interact with each other — personal encounters with professors, colleagues, students, and alumni have become physically distanced — but it has also amplified the need for these connections. Our goal now is to respond to that need: to seek out, create, and establish stronger ties with our colleagues, existing and new, in Kendall Square and abroad. The pandemic is pushing higher education to reengineer how programs are taught and delivered. The MIT ecosystem is at the core of what

distinguishes MIT Sloan as a leader in management education. Our mission is unchanged—to create and deliver results with a positive worldwide impact—even if the experiences of our students and partners get modified. The current crisis affects all of the regions and cultures that we deal with. It is forcing an aggressive and worldwide strategic leap to combine resources, thought leadership, and sustainable solutions on a global scale. The pandemic is allowing us to cultivate our current relationships, and expand our outreach to future partners, as we chart a new path forward. I have been inspired throughout these turbulent times by the dedication of our MIT family. They want to keep our innovation and entrepreneurial ecosystem thriving. In Global Programs, we are steadfast in maintaining and strengthening our connections across the campus and throughout the world. Our partners are excited and aligned with the goal of sharing knowledge and improving humanity through ideas and management education. Throughout its history, MIT has risen to the challenge of solving the most difficult and complex problems in the service of creating a better world. The stage has been set. We are ready. DAVID CAPODILUPO Assistant Dean, Global Programs MIT Sloan School of Management

NEW PROGRAM HIGHLIGHTS

QUT BUSINESS SCHOOL (AUSTRALIA) On October 8, 2019, MIT Sloan announced a five-year agreement with QUT Business School, its first with a university in Australia. A signing ceremony, attended by Robina Xavier, Executive Dean of QUT Business School, was held in Cambridge, MA.

ASIA SCHOOL OF BUSINESS (MALAYSIA)

“We are delighted to be expanding our outreach in the Pacific Rim, one of the world’s vital economic regions.” DAVID SCHMITTLEIN John C Head III Dean MIT Sloan School of Management

The Asia School of Business (ASB) and MIT Sloan are continually looking towards the future and deepening their cooperation. ASB has developed two new degree programs in collaboration with MIT Sloan: a two-year MBA for working professionals (MBA-WP) and a one-year Master of Central Banking (MCB) program. While the MBA-WP students will engage with MIT in the same way as full-time MBA students, the MCB program is an entirely new program that involves many additional faculty from the finance area. Professor Athanasios Orphanides, the former Central Bank Governor from Cyprus and Professor Robert Merton, MIT Sloan’s Distinguished Professor of Finance and Co-Chair of the ASB MCB Advisory Council, are among the esteemed faculty who will lead this new program. The MCB program is designed to nurture central bankers for a future of fast-changing financial markets in an increasingly digitized world.

Under the original provisions of the agreement, 60 QUT MBA and EMBA students would be taking part in an innovative two-week program in Cambridge during the summer of 2020, immersed in the MIT ecosystem for entrepreneurship and leadership in digital transformation. Given the COVID-19 pandemic, MIT Sloan and QUT are exploring alternatives. The program also calls for two QUT Business School faculty to visit MIT Sloan every year, with each spending a semester on campus as International Faculty Fellows. They will work closely with MIT Sloan faculty on teaching, curriculum development, and research. The MIT Sloan-QUT Business School agreement is, in part, a result of existing cooperation between the two business schools through the MIT Regional Entrepreneurship Acceleration Program (REAP), a MIT Sloan program that provides opportunities for communities around the world to engage with MIT in an evidence-based, practical approach to strengthening innovationdriven entrepreneurial ecosystems.

MIT SLOAN GLOBAL PROGRAMS AT A GLANCE

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MIT REGIONAL ENTREPRENEURSHIP ACCELERATION PROGRAM Accelerating regional economic growth and social progress

implement key programs and policies, informed by MIT research and global best practice » Deploy MIT rigor and frameworks to deepen their analyses and evaluations of their regional IDE ecosystems » Compare and learn from other regions globally IMPACT STORIES COHORT 6 (2018 – 2020) Team Campania, Italy, a coastal region, launched a suite of initiatives for their strategy Strengthening Campania’s Blue Economy Ecosystem: • Parthenope University of Naples, a core team stakeholder, introduced a new PhD in Entrepreneurship and Innovation, open to Italian and international students, that welcomes its first cohort in fall 2020. • Led by Team Campania Co-Champion Valeria Fascione, Councilor for Innovation, Startups and Internationalization for the Campania Region, the team collaborated on the newly

The MIT Regional Entrepreneurship Acceleration Program (MIT REAP) provides opportunities for communities around the world to engage with MIT in order to strengthen their innovationdriven entrepreneurial (IDE) ecosystems. MIT REAP enables the transition of theory to action, guiding participants through the development of programs and policies to grow innovation and entrepreneurship in their regions. 6

IMPACT Leveraging MIT’s expertise in the development of IDE ecosystems, MIT REAP regions are empowered to: » Design and implement MIT REAP strategies that harness the power of innovation and entrepreneurship to accelerate economic and social progress » Build an interdisciplinary team to drive impact and regional strategy implementation » Leverage understanding of key drivers of successful IDE ecosystems to design and

launched Open Innovation Campania platform to promote the innovation potential of startups and SMEs for development and competitiveness. • The team collaborated with the Campania regional government on Startup Campania, a funding initiative with a total budget of €12.5 million ($14.8 million) to seed-fund innovative startups in the region. Team Monterrey, Mexico is promoting open connections and collaboration in its IDE ecosystem through several new programs: • In March 2020, the team spearheaded MTY Universities for Founders, a first-of-its-kind inter-university entrepreneurship event, which brought together more than 600 participants for a conference, workshops, panels, and Demo Day. • A spinoff of this event, the team launched Demo Day Monterrey for startups and scaleups, and is hosting a monthly online event. To

date, the program has seen more than 200 participants and $39 million in capital raised. • On April 1, 2020, an agreement was formalized with Venture Café to open the first location in Latin America, Venture Café Monterrey. Team Monterrey is currently exploring online activities to launch the new location during prolonged public health and travel restrictions. COHORT 7 (2019 – 2021) Team New Taipei City, Taiwan has achieved an early win in its MIT REAP program by becoming a co-organizer of Startup Terrace Global Hack 2020. A partnership between Taiwan Startup Terrace, Taiwan’s Digital Transformation Association, and MassChallenge Israel, Global Hack 2020 aims to identify, nurture, accelerate, and support international, technology-driven startups both in Taiwan and abroad. It is seeking the best international teams in four key domains:

“When participant regions are uncertain about the direction of a particular project, MIT REAP is often the key factor that helps determine a particular path. Our ability to shape and accelerate the growth and dynamism of these ecosystems is what makes MIT REAP so impactful.”

– MedTech / HealthTech – AI / 5G / IoT / Cloud Computing – Fintech – Cybersecurity Winning teams will receive training and residency opportunities in Taiwan, Jerusalem, and New York. The program includes an International Startup Forum on September 9, 2020, featuring a session by Fiona Murray, MIT REAP Faculty Co-Director, William Porter Professor of Entrepreneurship, and Associate Dean for Innovation and Inclusion at the MIT Sloan School of Management.

SCOTT STERN MIT REAP Faculty Co-Director; David Sarnoff Professor of Management; Faculty Director, Martin Trust Center for MIT Entrepreneurship MIT Sloan School of Management

In January 2020, the first cohort of the Universidad de Chile visited MIT Sloan for 10 days to participate in the immersion component of the Data Analytics Certificate Program. The program is MIT Sloan’s first partnership with a university in Latin America, notably a public university. Courses were taught by top faculty from across the Institute. KEEPING THE ENGINE RUNNING As a result of the COVID-19 pandemic, the MSLAO moved its activities online. The first of many webinars was offered by Professor Robert Pindyck. The talk by Professor Pindyck drew 800 registrations, addressed the welfare costs of catastrophe, and dealt directly with lives lost to pandemics.

MIT SLOAN LATIN AMERICA OFFICE The MIT Sloan Latin America Office (MSLAO) encourages and supports research, teaching, and knowledgesharing opportunities in Latin America for MIT and MIT Sloan faculty. The office started off strong this academic year with its annual conference in Brazil. “The Future of Work” Conference focused on how

new technology, automation, and the changing economy are affecting the workplace. Throughout the summer and fall semesters, the MSLAO organized a variety of faculty visits and events in Brazil, Chile, Colombia, Miami, and Peru. One of the most successful regional events was the 100K LATAM entrepreneurship competition. Run in conjunction with the Institute Tecnológico de Buenos Aires (ITBA), the event brought together entrepreneurs from 17 countries in Latin America.

Subsequent talks — by Professor Roberto Rigobon (in Spanish) on the economic and social implications of the virus on Latin America, Jason Jay on sustainability, Stuart Madnick on cybersecurity, and Otto Scharmer on how to reimagine and reshape business and society — were of great interest in the region. The MSLAO’s engagements were not limited to virtual interactions. MIT faculty and staff were provided seed funds from the MSLAO to conduct research projects in Brazil, Colombia, Chile, Ecuador, and Peru. A special highlight from the COVID crisis was the MSLAO’s work with MIT Professor Alex Slocum and Research Scientist Nevan Hanumara to bring the MIT-designed Emergency Ventilators (E-Vents) to Chile. The Advisory Council — in conjunction with the Chilean Ministry of Health; Chilean Ministry of Science; the U.S. Embassy in Santiago; and LATAM Airlines — worked diligently to get two MIT-designed E-Vents produced in New York City on a plane to

Chile before flights to the region were stopped. The E-Vents were delivered to the Ministry of Science so local fabricators could replicate the devices and begin production. The MSLAO provides opportunities for making significant impact in five primary areas that are critical both to the region and to the Institute’s high-level goals. Knowledge Creation Encourage and support research, teaching, and knowledge-sharing opportunities for MIT and MIT Sloan faculty; expand the School’s reputation as a leader in international management by facilitating research collaborations with scholars based in academic institutions across Latin America. Regional Awareness Increase brand awareness of MIT to enhance connections with regional alumni and create new avenues for potential corporate partnerships and research collaborations. Admissions Increase regional awareness of MIT Sloan’s portfolio of degree programs and augment admissions’ goals by connecting the School to qualified Latin American candidates. Action Learning Expand the depth and breadth of MIT Sloan’s signature Action Learning programs by increasing connections with corporations and alumni in Latin America. Alumni Network Increase both the frequency and quality of connections among Latin American MIT alumni while enhancing their engagement with the Institute through sponsorship and involvement with local alumni clubs; support club events and maximize MIT faculty visits to engage and connect regional alumni.

virtual/online events since April 2020, involving more than 100,000 participants from across 17 countries in Latin America

“Latin America has enormous challenges ahead, which makes the role of the MSLAO more crucial than ever. We need more inclusive ideas, more diversity, and a better understanding of our differences in order to form a common vision in which each country is part of an interconnected community. MIT and its alumni are capable of training and working with the next generations of leaders who will rethink the fabric of LATAM.” ROBERTO RIGOBON Faculty Director, MIT Sloan Latin America Office; Society of Sloan Fellows Professor of Management; Professor of Applied Economics MIT Sloan School of Management

VISITING FELLOWS AND INTERNATIONAL FACULTY FELLOWS PROGRAMS

Fellows not only a program to attend but also a home they can always come back to.” INTERNATIONAL FACULTY FELLOWS PROGRAM The International Faculty Fellows (IFF) Program provides partner-school faculty members with the opportunity to spend a semester at MIT Sloan to conduct research and develop courses. Each Fellow is hosted by a MIT Sloan faculty member to help them connect with the broader community. This year’s Faculty Fellows were: • Triwit Ariyathugun, Asia School of Business; hosted by Athanasios Orphanides • Zhuoran LU, Fudan; hosted by Robert Gibbons • Xing ZHANG, Fudan; hosted by Dean Eckles • Xiang SHAO, Fudan; hosted by Joseph Doyle • Pedro S. Raposo, Lisbon MBA; hosted by Thomas Kochan

VISITING FELLOWS PROGRAM During the 2019 – 20 academic year, MIT Sloan Global Programs welcomed twenty students to its Visiting Fellows (VF) Program, including CEOs from global companies, entrepreneurs starting new ventures, and graduate students from other universities. Global Programs’ staff continue to explore new opportunities for increasing the number of Visiting Fellows for future classes. This year, we launched a social media campaign highlighting MIT faculty, the experiences of current and former Visiting Fellows, and a video catalogue to attract new audiences.

In addition, Global Programs is in discussions with MIT Sloan faculty about the possibility of creating “tracks” for future Visiting Fellows in which they can concentrate on specific topics such as sustainability, family enterprise, entrepreneurship, the future of work, and health care. MIT Sloan faculty continue to be actively engaged with our Visiting Fellows, creating opportunities for mutual learning. “As a faculty mentor, I have learned a tremendous amount from our Visiting Fellows,” says Professor Juanjuan Zhang. “They bring in many new dimensions of knowledge from their broad range of backgrounds. Together they make the Visiting

• Pedro Pita Barros, Lisbon MBA; hosted by Joseph Doyle Global Programs hosts monthly International Faculty Fellows lunches, providing a forum for participants to present their latest research to MIT faculty, students, and staff. The following presentations were given during the 2019 – 20 academic year: • Directors’ Political Connections and Firm Performance: Evidence from Thailand, by Triwit Ariyathugun • Selling Signals, by Zhuoran Lu • The Sources of the Gender Wage Gap, by Pedro S. Raposo

GLOBAL PROGRAMS EVENTS AND SHORT COURSES THE TRANSITION TO VIRTUAL Each year, MIT Sloan Global Programs holds a wide range of events on campus and abroad. During the 2019 – 20 academic year, Global Programs gave students and leaders around the world a range of opportunities to learn from MIT Sloan faculty and explore the ecosystem surrounding the MIT campus. More than 200 students from Norway, Ghana, China, Spain, and elsewhere participated in short programs.

PRE-PANDEMIC The MIT Regional Entrepreneurship Acceleration Program (REAP) team, in conjunction with MassChallenge, hosted the 2019 Global Summit in October. The event convened over 100 innovation leaders from 20 different countries to discuss innovation ecosystem development and corporate innovation. At the beginning of the academic year, the MIT Sloan Latin America Office (MSLAO) held a conference in São Paulo, “The Future of Work.” The event organizers and MIT Sloan Media Relations team worked with Valor Econômico, one of the largest financial media outlets in São Paulo, to host a livestream of the event. They streamed video of the full event and viewership on Valor’s LinkedIn page was the second largest ever by a media outlet on the platform with a total of 149,164 views.

The onset of COVID-19 drastically changed how people were able to gather and share knowledge and ideas in the late winter. While our methods for connecting changed, our goal remained the same: to bring faculty from across MIT together with an international audience from academia, business, and government to share their insights and expertise. In the era of lockdowns, we have kept our partners, collaborators, and others who are interested in MIT’s global contributions connected through webinars, digital hackathons, and other virtual events. Global Programs moved quickly to build on the success of the MSLAO event in São Paulo, which was a premonition of what was to come. Beginning in early April, webinars became a regular offering of the office. Following the positive feedback and engagement from the Latin American community at large, the webinars have continued with collaborators across the region. The MSLAO has held sessions on a range of topics, including energy, e-mobility, economics, AI, and cybersecurity. One of the best attended webinars, jointly organized with Universidad de Chile, was held with Carmen Reinhart, Chief Economist of the World Bank. It garnered more than 1,000 participants. Webinars via video and audio-conferencing platforms like Zoom have been, and will continue to be, a powerful convening tool for us.

Finally, the academic year ended on a high note with the Medici Summer School, a week-long program designed to promote doctoral education and research in organization theory and related fields. The program rotates between MIT Sloan, HEC Paris, and Università di Bologna each year. Global Programs last organized this program in 2017 on MIT Sloan’s campus. This year, the program made a seamless transition to the digital environment, bringing together nine faculty and 32 PhD students from across the U.S., Canada, and Europe for a series of virtual sessions on the theme “Strategies for the Future of Work.”

MIT COVID-19 CHALLENGE HACKATHONS On May 1 – 3, 2020, Global Programs joined with fourteen other MIT-affiliated centers, 40 MBA students, multiple alumni, and more than fifty partner organizations to host a global, virtual hackathon to address the impact of COVID-19 on Africa. Over the course of the weekend, 1,250 participants (50 percent from Africa) representing 106 countries (44 in Africa) worked on 174 teams to take part in “Africa Takes on COVID-19,” generating a range of solutions to address ten tracks under the themes of Strengthening the Health System and Flattening the Curve. Following on the well-executed Africa Hackathon, and a shift in the epicenter of the pandemic to Latin America, Global Programs and the MSLAO supported the “Latin America vs. COVID-19” hackathon. The event took place June 19 – 21, 2020, and focused on four themes: Supporting our Health Systems, Protecting the Most Vulnerable, Empowering the Informal Economy, and Preventing Misinformation.

The history of MIT Sloan’s involvement in China results from a vision to contribute to the development of Chinese management education, understand China’s developing impact on the world economy, and imbue an ethos and commitment to innovations that improve society.

MIT SLOAN CHINA MANAGEMENT EDUCATION PROJECT The MIT Sloan China Management Education Project is MIT Sloan’s oldest ongoing international university partnership. It was established in 1995, with Tsinghua University in Beijing and Fudan University in Shanghai, to 12

help develop English-language international MBA (IMBA) programs to prepare students in China for careers in the global arena. Lingnan (University) College of Sun Yat-sen University in Guangzhou joined the Project in 1999; Yunnan University in Kunming participated in the Project from 2002 to 2008.

MIT Sloan faculty travel to China to teach courses at Tsinghua, Fudan, and Lingnan. Their offerings include the innovative “sandwich model” at Tsinghua taught by MIT Sloan Professors Scott Stern and Pierre Azoulay, and by Tsinghua Professor Gao Xudong. Their combined knowledge creates a multi-level course on entrepreneurship that is built on a long-standing cooperation between faculty and the respective expertise of each school. Travel restrictions caused by COVID-19 required MIT Sloan Global Programs to transition all courses to online instruction, giving MIT Sloan faculty the opportunity to experience and learn new online platforms. Professor Azoulay taught his course for Tsinghua students, commenting that “it worked out well…maybe even better than in person.” Under the current agreement, Fudan also participates in Global Programs’ International Faculty Fellows (IFF) Program. Fudan Faculty Fellows spend a semester at MIT Sloan participating in classes, seminars, and workshops. They develop

courses to take home to teach their IMBA Program students, and they also work on their own research. Building on the success of the 2018 inaugural International Faculty Fellows Conference in Beijing, Global Programs looks forward to planning the next IFF conference that will be held at the new Fudan campus. Lingnan’s agreement includes the selection of two students who come to MIT Sloan as Visiting Fellows each semester. While here, they attend classes, work with a MIT Sloan faculty advisor, participate in cultural activities hosted by Global Programs, and engage as members of the MIT community. Global Programs usually hosts Tsinghua, Fudan, and Lingnan for their own week-long, customized summer immersion program. Fifty to sixty students from each school attend lectures, participate in company visits, and experience the Kendall Square ecosystem. We hope to return to this practice in 2021. In anticipation of the conclusion of the current five-year agreements, Global Programs has been actively negotiating with Tsinghua, Fudan, and Lingnan for new agreements that will begin in 2021. Core elements of the program — International Faculty Fellows, MIT Sloan faculty visits, and the summer immersion program — are all expected to continue for a new five-year term.

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Chinese IFFs visits to MIT Sloan

MIT Sloan Faculty Teaching in the China Program 2019 – 20

“Drawing upon a rich history of collaborations, we look forward to learning more from our partner universities as we navigate the new normal together.” JUANJUAN ZHANG Faculty Director, China Programs; John D.C. Little Professor of Marketing MIT Sloan School of Management

MIT’S ACADEMIC ENTREPRENEURSHIP IN ACTION The MIT-ASB collaboration is unique at MIT Sloan because ASB is a new institution built from the ground up. MIT Sloan Professor Charles Fine has been leading the ASB in Kuala Lumpur as the school’s Founding Dean. Former Malaysian Central Bank Governor Zeti Akhtar Aziz and MIT Sloan Professor Athanasios Orphanides serve as Co-Chairs of the ASB Board of Governors, which oversees ASB’s strategic development. MIT Sloan remains deeply engaged in ASB’s development through its Advisory Committee, and through administrative support developing the school’s ancillary departments. REINVENTING MBA EDUCATION IN KUALA LUMPUR

ASIA SCHOOL OF BUSINESS In 2015, MIT Sloan and Bank Negara of Malaysia joined forces to accomplish an ambitious goal: to bring the MIT Sloan standard of business education excellence to new generations of 14

leaders in Southeast Asia. The two organizations created the Asia School of Business (ASB), a completely new school based in Kuala Lumpur, Malaysia.

ASB effectively reinvents the MBA experience. Its programs are designed to produce “Masters of Business in Action,” who are market-ready for Asia’s diverse landscape. It offers a full-time, 20-month MBA program based on the rigor of MIT Sloan’s curriculum and focused on Asia’s dynamic business environment. Action learning is at the core of the educational process and comprises a full third of the curriculum. MIT Sloan and ASB faculty teach in the program, and students take classes both in Kuala Lumpur and in Cambridge. Through an ongoing faculty exchange, MIT Sloan faculty members travel to Kuala Lumpur to teach one-week sessions and engage in a range of educational activities and events in tandem with ASB faculty members.

ASB faculty participate in MIT Sloan’s International Faculty Fellows Program, which enables them to spend time on MIT campus where they can engage in teaching and research development. MIT and ASB faculty members have also developed multiple research collaborations; many ASB faculty engage as research affiliates at MIT.

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MIT faculty members in both teaching and advising capacities

ASB won the MBA Early Stage Innovation Award from the MBA Roundtable

CELEBRATING INNOVATION ASB targets — and attracts — extraordinary and unconventional candidates. The program has a special admissions track for applicants with non-traditional backgrounds. Every year approximately 50 ASB students visit MIT for one month to take courses, complete an immersion program, and learn about MIT’s innovation ecosystem. The inaugural class of ASB students earned their MBA degrees in 2018. Malaysian Prime Minister Mahathir bin Mohamad addressed the graduating class of 2019 and graciously agreed to be photographed with them (see photo opposite page). ASB has already received international recognition. In 2019, the school won the MBA Early Stage Innovation Award from the MBA Roundtable, a global association of business schools that recognizes excellence in MBA program innovation. In 2020, IDEAS, the largest bibliographic database dedicated to economics, ranked ASB as the top economic research institution in Malaysia; one MIT researcher and two ASB professors were ranked among the top five economic researchers in Malaysia.

“ASB brings together accomplished and inspiring students from all over the globe for an innovative and rigorous learning experience. The program combines insights and lessons from renowned scholars and industry leaders within an immersive classroom. Our orientation toward real-world problem solving makes the ASB standout as a leader in educational programming.” ERIC SO Faculty Director, ASB Collaboration; Sarofim Family Career Development Professor; Associate Professor in the economics, finance, and accounting areas MIT Sloan School of Management 15

MIT Sloan Global Programs and the Lisbon MBA continue their commitment to faculty and research exchanges, gaining a number-one ranking for international course experience this year. The Lisbon MBA Program brings together two leading business schools in Portugal — Católica-Lisbon School of Business & Economics and the Nova School of Business & Economics — to partner with MIT Sloan to engage students in management education. The work of Global Programs and the Lisbon MBA strongly benefits from the International Faculty Fellows Program: • In fall 2019, Professor Thomas Kochan hosted Pedro Raposo, Assistant Professor at CatólicaLisbon, to develop research on the future of work.

LISBON MBA “Building bridges between faculty is a core element for the success of the Lisbon MBA collaboration.” EMILIO CASTILLA Faculty Director, Lisbon MBA; NTU Professor of Management MIT Sloan School of Management

• In spring 2020, Professor Joseph Doyle hosted Pedro Pita, Academic Director at NOVA SBE Knowledge Center for Health Economics and Management, to develop research on the design of incentives for research, innovation, and pricing for pharmaceuticals. The global disruption caused by COVID-19 also impacted the Lisbon MBA collaboration. Global Programs explored alternatives to the program’s popular four-week summer immersion program scheduled for June 2020. The Lisbon MBA and EMBA students expressed a strong preference for the residential experience, so their visit will be postponed until 2021. Delivery of the program will be residential or virtual depending on public health considerations at the time.

EPOCH FOUNDATION As MIT Sloan prepares to celebrate the 30th anniversary of its collaboration with Epoch next year, we continue seeking new ways to promote education and research with Taiwan. The Epoch Foundation is a private-sector consortium of 20 Taiwanese companies with the mission of fostering academic research and exchange on Chinese-based companies.

Started in 1991, at

29 Years Epoch is MIT Sloan’s longest continuing international collaboration

Working with Epoch leadership and Assistant Professor of Biology Gene-Wei Li, MIT Sloan Global Programs created a new program to provide Taiwanese undergraduate students with early exposure to the research environment at MIT. In November, Michael Schrage, a Research Fellow at MIT Sloan’s Initiative on the Digital Economy, presented a lecture titled “Transforming KPIs: Measuring, Monitoring & Managing ‘Value Creation’ in the Digitizing Enterprise” for the executive members of the Epoch Foundation in Taiwan. Epoch members continued to use the educational allowances provided by the collaboration agreement, to enroll in MIT Sloan Executive Education online classes. Popular topics were cybersecurity, AI, and digital business strategy.

“It is critical to understand the role of Taiwan in the future of disrupted supply chains.” YASHENG HUANG Faculty Director, Epoch Foundation; Epoch Foundation Professor of International Management MIT Sloan School of Management

THANK YOU We are grateful to our partners for our successful collaborations and we look forward to continuing our relationships. A special thank you to our colleagues from the MIT community for their support of our office, faculty directors of our programs, and numerous members of the MIT Sloan faculty and staff. We look forward to engaging with new partners and exploring new collaborations in various regions of the world.

MIT SLOAN GLOBAL PROGRAMS TEAM Sinan AbuShanab David Capodilupo Eleanor Chin Sandonei Chiodini Elizabeth Galvin Longzhen Han Travis Hunter Stuart Krusell Mollie Laffin-Rose Agbiboa Mei Lai Kevin Oâ&#x20AC;&#x2122;Brien Mihaela Papa Charlene Selle Jacqueline Taylor Lee Ullmann

Global Programs One Main Street, 9th Floor Cambridge, MA 02142 mitsloan.mit/global-programs mitsloanglobalprograms@mit.edu @MITSloanGP