Issuu on Google+

CAREER

WHAT TO PREPARE FOR AN INTERVIEW?

OPINION

WHEN YEN DEPRECIATES, WHAT'S NEXT? 10 PREDICTIONS OF CHINA IN 2013

LEISURE

SNEAK PEEK INTO IBANKS INTERVIEW WITH MS. TIFFANY CHAU

WHAT DOES THE JOB MARKET WANT? INTERVIEW WITH MRS. JANICE CHOI, MH

IS MICHELIN RELEVANT IN ASIA? HOW TO BUY CHEAP TICKETS?

1


About MSA Management Students’ Association, Hong Kong University of Science and Technology Students’ Union (MSA) is a non-profit making students’ association founded in 1992 under the Constitution of MSA. Since its establishment, MSA has been striving to become a caring and professional business student-run association that is able to unite its members with perfectionism. With its primary aim to promote the study of management, MSA also serves as a bridge to foster closer relationship between staff and students, to enhance sense of unity and to promote welfare among members. At the same time, MSA endeavors to cultivate a good relationship with other clubs and societies both within and out of the university in academic, social and cultural aspects. This year, the motto of the Association is “Manage with innovation, Go beyond your horizon“. We are looking forward to the breakthrough of limits, and truly managing our future with vision.


Words from Editor-in-Chief Dear Readers, It is my great pleasure to present you all with the Annual Journal of Management Students’ Association this year. This year is an exceptionally remarkable year, since Management Students’ Association is entering the 21st anniversary. At the same time, we have also witnessed some major events in 2012. In Europe, debt crisis led to serious unemployment in the Eurozone, and subsequent protests and turmoils. In Asia, the sovereighty disputes of the East and South China Sea arose and wrecked relationships among the Asian countries. Japan was expected to make significant development under the ruling of Abe Shinzo. In US, Obama successfully held office once again, yet almost pushed the US off the financial cliff. Amidst the restless turbulence, how could university students better equip themselves? Our time has almost come, but what we could do to stay alive, or even stay ahead? I hope you all would enjoy this issue and have a splendid year ahead.

CHAN Chun Wan, Justin Publication Secretary Management Students’ Association, HKUSTSU, Session 2012-2013

3


Words from Chairperson Dear Readers, I would like to congratulate the successful publication of Annual Journal, and acknowledge the work of my fellow Executive Committee members and sub-committee members through out the year. Management Students’ Association, HKUSTSU is a non-profit making Students’ Association founded in 1992. It was established to help the Department of Management promote the subject and serve the members as well as the University. We aim to encourage the study of Management and its applications, meanwhile, devoting ourselves to enhance sense of unity and promote welfare among members. We also act to foster a closer relationship between staff and students and cultivate good relationship with other clubs and societies in different aspects. This year, our slogan is “Manage with innovation, Go beyond your horizon”. By organizing academic, recreation and social activities, we want to develop an indispensable relationship among members and different parties and promote the caring culture of MSA. Throughout the year, unctions were successfully held and supported by honorable guests, faculty, members and different parties. We are glad to see that participants have earned business exposures and built up their network.

Our term of service has eventually come to an end. Once again, I would like to thank those who have contributed to the Association this year. Your active participation and comments are the motivation and direction for us. May I take this opportunity to wish all of you an enjoyable life.

SO Hon Yin, Fred Chairperson Management Students’ Association, HKUSTSU, Session 2012-2013

4


Words from the Department of Management Dear Readers, Congratulations to Management Students’ Association (MSA) 2012-2013 Executive Committee for their achievements during the past year! As a non-profit student association, MSA has taken the initiative to organize a wide range of enrichment activities for the HKUST student community. Year 2012-2013 was marked by many fruitful events. The success in these events demonstrated remarkable leadership and inspiration of MSA Executive Committee. Besides the Management Festival with firm visits, mock interview, and workshops, other highlights include the Inauguration Ceremony, Orientation Camp, Outreach Day, Mentoring Program, the Joint-University Business Management Challenge workshop and case competition, and Faculty Gathering. MSA has also fostered a closer relationship with the Department of Management. The Department of Management at HKUST was founded in 1991. The mission of the department is to be a leader of organization and management research in the Asia-Pacific region, and provides its students with the necessary training and preparation for them to become responsible and responsive professionals. Through collaboration with and sponsorship of MSA’s events, the department reaches out to MSA’s student membership to provide information to those who are interested in the study and practice of management. At the same time, students get to interact with faculty outside of the classroom and exchange ideas. For the many of you who are connected with MSA, including event organizers, participants, advisors, and faculty, I am sure this journal will bring you many fond memories. Once again, congratulations to MSA 2012-2013 executive committee. I wish a fruitful year ahead for everyone!

Melody Chao Assistant Professor Management Students’ Association (MSA) Liaison Undergraduate Committee Member Department of Management The Hong Kong University of Science and Technology

5


Executive Committee of Management Students’ Association, HKUSTSU, Session 2012-2013

SO Hon Yin, Fred Chairperson

CHU Lai Tat, Peter Internal Secretary Welfare Secretary

NG Hei Man, Harmony Internal Vice-Chairperson

MAK Hoi Kiu, Tiffany External Secretary

SHER Wendy, Wendy Financial Secretary

YUEN Wing Ho, Jason External Vice-Chairperson

CHAN Ken Man, Ken Academic Secretary

CHAN Chun Wan, Justin Publication Secretary Information Technology Secretary

CHAN Lik Kin, Solomon Marketing Officer

CHAN Emily, Emily Marketing Officer Public Relations Secretary

LAM Pak Him, Leo Promotion Secretary

DA SILVA Leon Anthony Promotion Secretary

TANG Jeremy, Jeremy Sports Captain


CONTENTS 1 ●

FOREWORDS 03

ORIENTATION NIGHT 22

EXECUTIVE COMMITTEE 06

OUTREACH DAY 22

ACKNOWLEDGEMENT 08

INTRAMURAL SPORTS COMPETITION 23

COMING SESSION OF MSA

09

ADVISORY BOARD 10

HKUST AQUATIC MEET 23 MANAGEMENT FESTIVAL 24

MSA NEWS FEED AMENDMENTS OF CONSTITUTION 11

WELFARE EXPRESS 16 FUNCTION REVIEW

THE 21ST INAUGURATION CEREMONY

18

ORIENTATION CAMP 20 OLD BOOK SALE 22 ORIENTATION WEEK 22

MENTORING PROGRAM 26

JOINT-UNIVERSITY BUSINESS MANAGEMENT CHALLENGE 28 HONORARY MEMBERSHIP

29

ADVISORY BOARD 29 FACULTY GATHERING 29 WELFARE EXPRESS 29

2 A GLIMPSE OF GLAMOUR ─ INTERVIEW WITH MS. TIFFANY CHAU

30

NAVIGATING THE RECRUITMENT PROCESS

INSIGHT

WHERE COULD STUDENTS GO? ─ INTERVIEW WITH MRS. JANICE CHOI FEATURED ARTICLES

10 PREDICTIONS OF CHINA FROM A MCKINSEY EXECUTIVE

32

ASIA BRACES FOR 'ABECONOMICS' IN ROLLER-COASTER 38 HOW (AND WHEN) TO SNAG CHEAP FARES 39

34

3 ●

IS MICHELIN RELEVANT IN ASIA?

SHARING

WHAT THEY SAY ─ EXECUTIVE COMMITTEE REVIEW

36

42

40


Acknowledgement

Department of Management Hong Kong University of Science and Technology Prof. Melody Chao Management Students’ Association Liaison Ms. Tiffany Chau Executive Director Goldman Sachs Mrs. Janice Choi, MH Legal Director Sunwah Group Barron’s Online Wall Street Journal Marketwatch.com Editorial Board

Editor-In-Chief CHAN Chun Wan, Justin Editors YUEN Wing Ho, Jason MAK Hoi Kiu, Tiffany

8


The Coming Session of MSA

BRIO, The Nominated Cabinet of Management Students’ Association, HKUSTSU, Session 2013-2014

“Manage with vision, Pass on our passion”

9


Advisory Board

Name

Position

Company

Dr. Gregg Li

Provost

Academy of Management Consultancy

Dr. Stephen Ng

President

The Institute of Purchasing and Supply of Hong Kong

Mr. Alex Tang

Director of External Affairs

Centaline Property Agency Limited

Mr. Bernard Hui

District Director

American International Assurance Company (Bermuda) Limited

Mr. Brian Soong

Senior Branch Manager

Manulife

Mr. Bunco Wong

Senior Unit Manager

Sunlife Hong Kong Limited

Mr. Cho Tsz Wai

Assistant Unit Manager

American International Assurance Company (Bermuda) Limited

Mr. Dennis Lee

Head of IT Governance & Control, Asia Pacific

Nomura International (Hong Kong) Limited

Mr. Derek Lai

National Leader in reorganization services

Deloitte

Mr. Dick Ng

Training Manager

ImagineX School

Mr. Dickson Wong

Chairman

Dickson Wong CPA Company Ltd.

Mr. Edwin Mok

Executive Director

Theo Integration Group Ltd.

Mr. Emil Wong

Permanent Hon. President

Yuen Long Town Hall Management Committee

Mr. Gavin Lam

Partner

Chan, Lam & Co.

Mr. Henry Leung

Associate Director, Consultancy Division

Convoy

Mr. Louis Leung

President

Wing On CPA & Associates

Ms. Margaret Tsang

Unit Manager

Manulife

Mr. Philip Kung

Head, Business & Professional Services

InvestHK

Mr. Thomas Wong

President

CPA (Australia)

Mr. Trevor Lui

Senior Consultant

Knowledge Management

Mr. Vic Lam

Honorary Treasurer

Hong Kong Professionals and Senior Executives Association

Mr. Wilson Kwok

Chief Executive Officer

Wilson C Kwok Professional Services Group

Mr. Zuriel Fu

Associate Director

Convoy

Ms. Anita Law

Senior HR Manager - Tax Services

PricewaterhouseCoopers Hong Kong

Ms. Eleanor Wan

Chief Executive Officer

BEA Union Investment Management Limited

Ms. Kitty Fung

Branch Manager

CMG Asia Ltd.

Ms. Margaret Chan

Executive Officer (UG and PG Program)

Department of Management, HKUST

10


Amendments on the Constitution of Management Students’ Assocation, HKUSTSU Cover Original Version

Amended Version

The Constitution of Management Students’ Association The Hong Kong University of Science and Technology Students’ Union

The Constitution of Management Students’ Association, Hong Kong University of Science and Technology Students’ Union

Original Version

Amended Version

Original Version

Amended Version

Article 3

The official languages are English and Chinese, and they should enjoy equal status. In case of discrepancy, unless otherwise stated, the English version shall be referred to.

The official languages are English and Chinese, and they should enjoy equal status. In case of discrepancy, unless otherwise stated, the English version shall prevail.

Article 5

The Association should not apply or accept any loan The Association should not apply or accept any outside the HKUST Student Union. loan beyond HKUSTSU.

Title

Header Cover, Page 1-7, 9-13 Page 8

Section 1: General

Section 2: Membership Original Version

Amended Version

Article 1

1. a. All full-time Management major undergraduates; or b. Year 1 Business and Management (BBA) students; or c. Year 1 Economics and Finance (ECOF) students; or d. Year 1 Environmental Management and Technology (EVMT) students; or e. Year 1 Quantitative Finance (QFIN) students; or f. Year 1 Risk Management and Business Intelligence (RMBI) students; or g. Year 1 Dual Degree Program in Technology and Management (TM) students; or h. Preparatory year BBA, ECOF, EVMT, QFIN, RMBI, TM students; and

1. All full-time Management major undergraduates; or Year 1 Business and Management (BBA) students; or Year 1 Economics and Finance (ECOF) students; or Year 1 Environmental Management and Technology (EVMT) students; or Year 1 Quantitative Finance (QFIN) students; or Year 1 Risk Management and Business Intelligence (RMBI) students; or Year 1 Dual Degree Program in Technology and Management (TM) students; or Preparatory year BBA, ECOF, EVMT, QFIN, RMBI, TM students; and

Article 1

2. Full members of the Hong Kong University of 2. Full members of HKUSTSU Science and Technology Students’ Union.

11


Original Version

Amended Version

Article 1

All members of the staff, all students registered All members of the staff, all students registered and past graduates in the Hong Kong University and past graduates in HKUST shall be eligible for of Science and Technology shall be eligible for associate membership. associate membership.

Article 3

a. Graduated from the Hong Kong University of a. Graduated from HKUST. Science and Technology.

Article 3

2. All honorary members of the Association shall 2. All honorary members of the Association shall enjoy all privileges that a full member has including enjoy all privileges of a full member except the the receipt of newsletter and journal and the right to right to vote in polling. speak in General Meeting except the right to vote in polling.

Article 4

2. Only full members of the Association shall have 2. Full members of the Association shall enjoy the the following rights: following privileges:

Article 4

Only full members and associate members of the All members of the Association shall have the Association shall have the following obligation: following obligation:

Section 3: General Meeting Original Version

Amended Version

Article 1

The highest authority in the Association shall The highest authority in the Association shall be rested on the Annual General Meeting or any be rested on the Annual General Meeting, any Extraordinary General Meeting(s). Extraordinary General Meeting(s) or any General Polling(s).

Article 2

c. A public notice of General Meeting, the agenda A public notice of General Meeting, the agenda and motion(s) to be put to the meeting shall be and motion(s) to be put to the meeting shall posted seven clear days before the meeting. be posted seven clear days in advance of the meeting.

Article 2

a. No less than two-third of the Executive Committee a. No less than two-thirds of the Executive of the Association shall form a quorum of a General Committee of the Association shall form a Meeting. quorum of a General Meeting.

Article 2

b. If a quorum is not reached after half an hour of the time scheduled for the commencement of the General Meeting, the meeting shall be adjourned to the same day in the following week, and if at that meeting, a quorum is still not reached, all full members present there shall form a quorum.

Article 3

a. The Chairperson of the Executive Committee shall The Chairperson of the Executive Committee shall preside over an Annual General Meeting. preside at an Annual General Meeting.

Article 3

b. The date of Annual General Meeting shall be b. The date of Annual General Meeting shall decided and announced by the Executive Committee be decided and announced by the Executive at least seven clear days in advanced. Committee at least seven clear days in advance.

Article 3

c. A notice of Annual General meeting and the agenda shall be prepared by the Internal Secretary of the Executive Committee and shall be posted at least seven days in advance.

Article 3

(4) To introduce the office-bearers of the coming (4) To introduce the office bearers of the coming session. session.

12

b. If a quorum is not reached after half an hour of the time scheduled for the commencement of the General Meeting, the meeting shall be shall be postponed for a week. If at that meeting, a quorum is still not reached, all full members present shall form a quorum.

c. A public notice of Annual General meeting and the agenda shall be prepared by the Internal Secretary of the Executive Committee and shall be posted at least seven clear days in advance.


Original Version

Amended Version

Article 3

b. If quorum cannot be formed within one hour, the Annual General Meeting shall be postponed for a week. If quorum still cannot be formed, all attendees shall form the quorum.

b. If a quorum is not reached after an hour of the time scheduled for the commencement of the Annual General Meeting, the meeting shall be shall be postponed for a week. If at that meeting, a quorum is still not reached, all full members present shall form a quorum.

Article 4

1. The Chairperson of the Executive Committee shall preside over an Extraordinary General Meeting of any purpose whenever necessary. 2. No less than seven clear days notice and/or agenda shall be given for an Extraordinary General Meeting and the notice and/or agenda convening the meeting shall be specified the business to be executed. 3. No less than one-fifth of the full members of the Association shall form a quorum of an Extraordinary General Meeting. 4. If quorum cannot be formed within one hour, the Extraordinary General Meeting shall be postponed for a week. If quorum still cannot be formed, all attendees shall form the quorum.

1. General a. The Chairperson of the Executive Committee shall preside at an Extraordinary General Meeting of any purpose whenever necessary. b. A public notice of Extraordinary General meeting and the agenda specifying the business to be executed shall be prepared by the Internal Secretary of the Executive Committee and shall be posted at least seven clear days in advance. 2. Quorum a. No less than one-fifth of the full members of the Association shall form a quorum of an Extraordinary General Meeting. b. If a quorum is not reached after an hour of the time scheduled for the commencement of the Extraordinary General Meeting, the meeting shall be shall be postponed for a week. If at that meeting, a quorum is still not reached, all full members present shall form a quorum.

Article 4

4. With the permission of the Chairperson, a person 4. With the permission of the Chairperson, any who is not a full member attending the meeting can non-full members can have the speaking right. have the right to speak.

Section 4: General Polling Original Version

Amended Version

Article 2

2. At least one staff member of the Hong Kong 2. At least one staff member of HKUST shall be University of Science and Technology shall be invited invited as the Returning Officer to supervise the as the Returning Officer to supervise the counting counting procedure. procedure.

Article 3

2. A public notice shall be posted at least seven 2. A public notice of General Polling shall be days beforehand to inform all full members of the posted at least seven clear days in advance. Association.

Article 4

3. In case no complaints received, an official 3. If no complaints are received, an official result result shall be made in twenty-four hours after the shall be made in twenty-four hours after the announcement of the temporary result. announcement of the temporary result.

13


Section 5: The Executive Committee Original Version

Amended Version

Article 3

The Executive Committee shall consist of the following sixteen office bearers: 1. Chairperson 2. Internal Vice-Chairperson 3. External Vice-Chairperson 4. Internal Secretary 5. External Secretary 6. Financial Secretary 7. Welfare Secretary 8. Academic Secretary 9. Publication Secretary 10. Up to a maximum of two Marketing Officers 11. Up to a maximum of two Promotion Secretaries 12. Public Relations Secretary 13. Information Technology Secretary 14. Sports Captain

The Executive Committee shall consist of the following eighteen office bearers: 1. Chairperson 2. Internal Vice-Chairperson 3. External Vice-Chairperson 4. Internal Secretary 5. External Secretary 6. Financial Secretary 7. Welfare Secretary 8. Academic Secretary 9. Publication Secretary 10. Up to a maximum of three Marketing Officers 11. Up to a maximum of three Promotion Secretaries 12. Public Relations Secretary 13. Information Technology Secretary 14. Sports Captain

Article 3

There shall be at least 7 Executive Committee which There shall be at least seven office bearers which include: include:

Article 5

1. In case the Chairperson cannot attend, the Internal 1. In case of absence of the Chairperson, the Vice-Chairperson shall preside at the meeting. Internal Vice-Chairperson shall preside at the meeting.

Article 5

2. The Chairperson shall convene a committee meeting upon receiving a requisition signed by at least over 50% of the Executive Committee members.

Article 5

3. The Chairperson shall not participate in any 3. The Chairperson shall not participate in debates debate and shall have the casting vote only in the of any matter and shall have the casting vote only committee meeting. in the committee meeting.

2. The Chairperson shall convene a committee meeting upon receiving a requisition signed by at least over half of the Executive Committee members.

Section 6: Annual Election Original Version

Amended Version

Article 1

6. The promotion and miscellaneous expenses of 6. The promotion and miscellaneous expenses of the coming cabinet should not exceed the upper- the coming cabinet should not exceed the upperlimit of promotion, which will be $7000. limit of $7000.

Article 1

7. The posts of the nominated cabinet shall only be changed once, if necessary, after the nomination period and seven clear days before Election, with the approval of the Election Board.

7. The posts of the nominated cabinet shall only be changed once, if necessary, after the nomination period and seven clear days in advance of the Election, with the approval of the Election Board.

Article 1

8. The posts of the proposed cabinet, after Election, shall only be changed once, if necessary, seven clear days before the Annual General Meeting, with the approval of the current executive committee.

8. The posts of the proposed cabinet, after Election, shall only be changed once, if necessary, seven clear days in advance of the Annual General Meeting, with the approval of the current executive committee.

Article 1

9. In case there is no nomination received, the 9. In case of absence of nomination, the Annual Annual General Meeting shall resolve the matter. General Meeting shall resolve the matter.

14


Original Version

Amended Version

Article 1

a. To receive and adjudicate any complaints within a. To receive and adjudicate any complaints within 24 hours. twenty-four hours.

Article 1

11. The Election Board shall be set up at least 7 days 11. The Election Board shall be set up at least before the nomination period. at least seven clear days in advance of the nomination period.

Article 2

2. No matter one or more cabinet(s), there must be an election before the Annual General Meeting, and the confident votes must exceed the non-confident votes for the cabinet to become the new office of Management Students’ Association.

2. Upon nomination(s), an election must be held before the Annual General Meeting, and the confident votes must exceed the non-confident votes for the cabinet to become the new office of the Association.

Article 2

3. Any office bearers, if having committed any infringement of the Constitution, used the name of the Association in illegal or corruptive acts, been notice to any negligence of duties, failed to attend Executive Committee meetings without prior notice to any permission from decision of Association, may be demanded by the Executive Committee to resign at an Extraordinary General Meeting of which the decision be final.

3. Any office bearers, if having committed any infringement of the Constitution, used the name of the Association in illegal or corruptive acts, been notice to any negligence of duties, failed to attend Executive Committee meetings without prior notice to any permission from decision of Association, may be demanded by the Executive Committee to resign at an Extraordinary General Meeting.

Article 3

5. The Association shall issue public notice to inform 5. In case of any changes of the office bearers, a all members in case of any changes of the office public notice shall be posted within seven clear bearers within seven clear days. days.

Section 7: Association Finance Original Version

Amended Version

Article 3

2. The Association shall not apply or accept any 2. The Association should not apply or accept any loans outsides HKUST Students’ Union. loan beyond HKUSTSU.

Article 4

The membership fees shall be on an annual basis on The membership fees shall be collected on an payment of the Associate Membership. annual basis.

Article 4

No Membership fees are refundable.

No membership fee is refundable.

Section 8: Amendment of the Constitution Original Version Article 2

Amended Version

A public notice of the proposed amendments shall A public notice of the proposed amendments shall be posted at least seven clear days before General be posted at least seven clear days in advance of Meeting or General Polling. the General Meeting or General Polling.

Section 9: Dissolution Original Version Article 3

Amended Version

Notice of dissolution shall be posted in official notice A public notice of the dissolution shall be posted area within 24 hours for not less than 7 consecutive within twenty-four hours for no less than seven days. clear days.

15


Welfare Express 旺角 Mong Kok Frozen Frog Yogurt

旺角銀城廣場地庫B-11

買滿$20 減$3,買滿30減$6,生日當 日免費,同行人更有八折優惠

Caribbean Cafe

旺角登打士街43H登打士廣場11樓

九折優惠

Comma Cafe

旺 角 登 打 士 街 4 3 H 登 打 士 廣 場 2 1 樓 九折優惠 2105-06室

Abira

香港九龍旺角登打士街43H登打士廣 報名免費送兩堂泰拳課程 場7/F全層

777

旺角荷李活購物中心127 室

吸飲 C-IN Drinks

旺角西洋菜南街銀城廣場地庫B11-12 免費成為會員,成為會員後可享有不 號舖 同優惠

J-Style

彌敦道687-689嘉禾大廈9樓C室

I'm beauty concept

西洋菜南街1A百寶利商業中心2204室 $138優惠價男士鑽石磨皮 + 深層清潔 保濕護膚

七折優惠,特價貨品除外

SET頭可享$220價惠價

坑口 Hang Hau 日昌專業眼鏡

將軍澳坑口培成路連理街商場139B號 特價貨品九五折 舖

嘉華藥房

將軍澳坑口培成路連理街商場146號 九折優惠, 特價貨品及公價貨品除外 舖

Image Optical

將軍澳坑口培成路連理街商場124號 購買眼鏡(連架)可享九折優惠,其他 舖 原定折扣除外

聰嫂甜品

坑口厚德商場西翼G3-G4舖

九折優惠

LOHAS hair

新寶城商場地舖 G17-18

搪瓷電髮($250) 負離子直髮 ($200) 染 髮($150) (附送焗油)

名揚電訊

將軍澳坑口連理街商場1樓145B鋪

配件9折優惠

西貢普通道10號

九折優惠

西貢 Sai Kung 西貢滿記 北角 North Point 安利文具精品店

北角英皇道560號健威坊商場下層L8B 買滿$50有九折優惠 號舖

Best Top Sport & Tennis Training CTR 鰂魚涌康山道1號康怡廣場二樓S25舖

網球拍穿線八折,羽毛球拍穿線九 折,購買網球拍八折送穿線,購買羽 毛球拍送穿線,所有體育用品九折優 惠,特價品除外

葵涌 Kwai Chung JR

新界葵涌廣場2樓C102A(1)

九折優惠

a.concept

新界葵涌廣場3樓TOP世界311號舖

九折優惠

玄玄易店

新界葵涌廣場1樓B121A號舖

買滿$30有九折優惠

樂安街49號2樓

學生一人惠顧可享9折,二人同行可獲 88折

巧明街巧明大廈6B13室

托特課程減$1100

電氣道13號地下

免費豆漿或汽水

荃灣 Tsuen Wan Time Salon 觀塘 Kwun Tong 紫星薈 天后 Tin Hau 大利清湯腩

16


銅鑼灣 Causeway Bay Noble Shop

香港銅鑼灣記利佐治街2-10號銅鑼灣 八五折優惠 地帶1樓120號舖

Hi Heel

香港銅鑼灣記利佐治街2-10號銅鑼灣 八五折優惠 地帶1樓146-148號舖

Cover Girl

香港銅鑼灣記利佐治街2-10號銅鑼灣 九折優惠 地帶1樓154號舖

Crazy Fashion

香港銅鑼灣記利佐治街2-10號銅鑼灣 八折優惠 地帶2樓226號舖

Honey House

香港銅鑼灣記利佐治街2-10號銅鑼灣 九折優惠 地帶2樓252號舖

AM:PM

香港銅鑼灣記利佐治街2-10號銅鑼灣 九折優惠 地帶2樓258號舖

G-2000 港九新界

所有分店

20% on regular-priced items, extra 15% off on set price item

太子

太子聯合廣場舖149A(二樓)

10% on regular items, 15% in birthday month

荔枝角

荔枝角香港工業中心B座5樓1B室

10% on regular items, 15% in birthday month

銅鑼灣

銅鑼灣記利佐治街2-10號銅鑼灣地帶 10% on regular items, 15% in 236(二樓) birthday month

OP beauty

Good Health Products (HK) Ltd 大埔

大埔一田百貨超市

30% off on regular items

大埔

北區醫院地庫

30% off on regular items

元朗

元朗大棠路23號合益廣場1樓A5號舖

30% off on regular items

太古城

太古城康怡吉之島超市健康食品區

30% off on regular items

屯門

屯門吉之島

30% off on regular items

沙田

沙田一田百貨三樓超市

30% off on regular items

沙田

威爾斯親王醫院

30% off on regular items

旺角

旺角彌敦道750號始創中心3樓341號 30% off on regular items 舖

荔枝角

荔枝角吉之島超市

新蒲崗

新蒲崗太子道東638號Mikiki一田百貨 30% off on regular items 超市

觀塘

聯合醫院5座地庫二樓

30% off on regular items

www.dermes.com.hk/hkust

首次毛髮分析及測試服務, dermes 激 光永久脫毛療程一次加額外療程優惠

30% off on regular items

Dermes 網上優惠

17


MESSAGE / 2012-2013 / FUNCTION REVIEW

The 21st Inauguration Ceremony “End of a Decade, Start of an age” 12th April, 2012 is a remarkable day for the newly elected Executive Committee of Management Students’ Association, Session 2012-2013. The 21st Inauguration Ceremony of MSA was successfully held in Lam Woo Lecture Theater and it marked the commencement of Allegro, the new cabinet of Management Students’ Association, HKUSTSU. The newly elected Executive Committee of MSA, Session 2012-2013 was officially announced after the handover of society seal from Ms. Queen Wong Chi Ching, Chairperson of MSA, Session 2011-2012 to Mr. Fred So Hon Yin, Chairperson of MSA, Session 2012-2013, followed by the oath taken by the 13 executive committee members promising to devote their best effort to serve the members of MSA and keep the tradition of MSA as a student association with warmth and care. In the ceremony, honourable guest speakers, prestigious guests, professors, various student societies’ representatives from all universities in Hong Kong and the honorary members of MSA, were invited to witness the commencement.

18


19


MESSAGE / 2012-2013 / FUNCTION REVIEW

Orientation Camp “Hakuna Matata, Summer’s on fire!” 2012 is definitely a busy year. This year, MSA organized two Orientation Camps for the two cohorts accordingly. This year, our theme is “Hakuna Matata”, which is the Swahili of “No worries”. During the camps, the participants got more familiar with HKUST through different activities in the camp, such as the on-campus treasure hunt, the detective game and so on. Participants also got more acquainted with other business students and have developed precious friendship.

20


21


MESSAGE / 2012-2013 / FUNCTION REVIEW

Old Book Sale The Old Book Sale is a welfare function of MSA for the members. All members are welcome to sell or buy second-hand textbooks at low prices at the beginning of the Fall and Spring semesters. Meanwhile, MSA acts as a broker and would not charge any handling fee on the buyers nor the sellers.

Orientation Week The Orientation Week was held in early September 2012. Counter was set for two weeks to promote the upcoming functions in the new semester and to recruit new members. During the Orientation Week, we accepted the applications of the upcoming functions like the Mentoring Program, the Management Festival and the JUBMC, etc. Moreover, we also held Old Book Sale, sold Society Paper and Society Shirts at discounted prices. The new issue of the Newsletter of the MSA was also distributed. With the generous support from our Orientation Camp participants and our existing members, the function quotas were met in the first few days. We are delighted to have so many new members joining our big family.

Orientation Night Orientation Night is an event which allows new members of MSA to meet friends within MSA. It is also a small gathering for those who joined our Orientation Camp in August in order to keep in touch with each other. This year, the Orientation Night was held on September 2012. We had sushi, lucky draw, and mini games that night to welcome freshmen to the warm and caring family of MSA.

Outreach Day The Outreach Day of HKUST was held at 13th October 2012. It is an annual function officially held by HKUST promote different Schools and Departments, as well as the campus environment and facilities. MSA, as the bridge between the Department of Management and students, was proud to take part in this function to introduce the Department of Management and related study issues, like the curriculum, courses and majoring in Management.

22


MESSAGE / 2012-2013 / FUNCTION REVIEW

Intramural Sports Competition We have seen great support from our players and members. We are very grateful to their unconditional support. At the same time, we deeply appreciate our players to have played wonderful matches one after another. The results are as follows: (MSA: Others) Basketball

Football

Badminton

34:39 (CPEG)

1:4 (CSE)

1:3 (MARK)

51:39 (CBME)

4:1 (MATH)

2:3 (BIOL)

45:21 (ACCT)

2:3 (MECH)

1:3 (ACCT)

35:25 (CSE)

Aquatic Meet The result is two gold medals and one silver medal.

23


MESSAGE / 2012-2013 / FUNCTION REVIEW

Management Festival Lumos “Miracle works for those lightened� The Management Festival acts as the first step for the members of the Association to engage in career-based functions by providing a platform for participants to learn managerial skills through a series of talks by well-respected professionals, mock interviews, and firm visits to companies from various business fields. We perceive Management Festival as the start for our participants to have a clear understanding of the management field. We hope that Management Festival will be the inception of our participants’ bright career pathway paved with achievements and glories. Opening Ceremony The opening ceremony was successfully held on 16th October 2012 in the atrium of HKUST. Professors from the Department of the Management and the members of MSA were invited to the ceremony. We were glad to have Mr. Louis Ng and Ms Sharon Cheung to perform 2 songs for us. A talented exchange student from the United States, Mr Reeve performed solo singing along with his guitar as well. Here, we like to take this opportunity to thank the Department of Management and the organizing committee for the efforts and support to this function. Without their support, the function would not run smoothly. Mock Interview The mock interview was successfully held on 1tst November 2012 in HKUST. We were glad to have to several guests from renowned organizations to be our interviewers. The mock interview is to provide the participants a platform to gain some practical experience in an interview. The interview was divided into 2 parts - Individual interview and group interview. We are delighted to receive positive feedback from the participants. Firm Visit On 9th November 2012, participants of the Management Festival had a chance to pay a visit to KPMG. In the visit, the

24


MESSAGE / 2012-2013 / FUNCTION REVIEW

participants can have a closer look in how the accounting industry operate. Society Gathering Society Gathering is an event organized by our sub-committee, which aims to provide a chance for members to meet each other and enjoy a relaxing evening. This years’ theme is ‘Masquerade’, so all participants had beautiful masks on and attended a 15-minutes Salsa lesson led by our sub-committee member Ms Rossanna Lam. All of them had a wonderful night eating, chatting and indulging in the world of Salsa.

25


MESSAGE / 2012-2013 / FUNCTION REVIEW

Mentoring Program Passage “Pass the way, Be the sage” The Mentoring Program is designed to provide an opportunity for students to meet and network with professionals coming from various business fields. Each student will be assigned to a mentor, according to his or her choice of business field. Through the student’s interaction with their mentor, this would enhance their understanding of the business field they are interested in; henceforth, broadening their horizons and providing them with a more defined career path. In addition to defining students’ career path, during the event, students will have the opportunity to meet and speak with business professionals from a variety of industries. By interacting with different professionals, this can help the students develop, strengthen, and flourish their communication skills and networking capabilities. Besides organizing a dinner for students to meet different mentors, the Mentoring Program also provides a series of

26

workshops to develop and strengthen students’ overall character, and thereby, transforming them to a more wellrounded individual. This year, our workshops include: Etiquette Workshops, Wine-Tasting Workshops, and Beauty and Grooming Workshops by Shiseido. The theme of this year is “Passage”. Passage, combining the meaning of “Step” and “Wise” in French, symbolizes that the way to become elites in the business world must be traveled step by step. It is hoped that the participants may embark on the voyage of growing and learning. Without the help of mentors and the support of our members and students, our Mentoring Program wouldn’t have been such a success.


Beauty Workshop

Wine-tasting Workshop

Mentoring Dinner

27


MESSAGE / 2012-2013 / FUNCTION REVIEW

Joint-University Business Management Challenge Spread your wings “Dancing to another tune, Emerging from the cocoon” Joint-University Business Management Challenge (JUBMC), co-founded by MSA, is one of the most renowned jointuniversity case competitions precisely focusing on managerial problems. In recent years, JUBMC has achieved great success and exceptional reputation across business fields. JUBMC serves as a platform for students to apply their academic knowledge to real business scenarios and problems. Thus, in the process, students shall enhance their teamwork and analytical skills and broaden their business vision. “Dancing to another tune, Emerging from the cocoon” is the slogan of JUBMC2012, which is also our belief of this everchanging world that innovation and a daring spirit are often needed to excel so that youngsters could get themselves ready for future competitive environment. This could be achieved by involving more in enrichment activities like public case competitions. This year, we are honored to hold JUBMC in conjunction with Beacon College as the Title Sponsor; Centaline Financial Services as the Premium Sponsor; Ocean Park as the Internship Sponsor; Hong Kong People Management Association (HKPMA) and Chinese Businesses Case Research Centre as the Advisors and also students’ societies from other universities. The Co-organizing Board and Supporting Societies this year consist of 9 students’ societies from 8 universities in Hong Kong. With the contribution of different university students, we attracted a record-breaking number of more than 900 participants with over 200 teams to join JUBMC2012. We can see from this evidence that, JUBMC is gaining more and more public awareness and reputation as one of the most renowned case competition in Hong Kong. Participants are granted the chance to learn how to write business reports and tricks in formal presentation by attending the workshops specially designed for JUBMC2012. The case of JUBMC2012 is all about our theme this year: “Spread your wings”. Conservatism and the lack of skills and knowledge are the major obstacles that hinder traditional companies from managerial changes. Bringing in new talents is, therefore, of utmost vitality for firms to gain further development. It is the wings to the mind, and the flight to the imagination. It triggers the birth of ideas and infuses the past stiff and rigid company with revitalizing

28

inspirations. Changes may bring about discomfort. It often takes time to adapt and accept new ideas. Yet, once the company emerges itself into the new vivid tune, it may spread it wings and fly with its vast innovation, just as a butterfly breaking through its cocoon. Top 17 teams were selected by HKPMA to enter the semifinal round of JUBMC, which is the 2nd Round Case Interview held on 1st December. The Final Presentation Day and Closing Ceremony, which is always the focus of JUBMC, was successfully held on 8th December. The five final teams used every means to showcase their thorough understanding about the case, and the skills of presentation learned from the Presentation Skills Workshop. They also created one-minute video clips to present their ideas to the general public on the Internet. We are honored to invite 4 guests to form the judging panel of the Final Presentation Day and they are: Mr. Richard Eng, Founder of Beacon College Ms. Pauline Chung, President of HKPMA Mr. Aaron Chiang, Vice-President of HKPMA Ms. Ruby Yum, Learning & Development Manager of Ocean Park Corporation After discussions of the judging panel, the prizes go to the following teams: Champion: Infinity (Chinese University of Hong Kong) The first runner-up: Elixir (Joint-University) The second runner up: Epic Success Leading Team (Chinese University of Hong Kong) The most creative team: Infinity (Chinese University of Hong Kong) All the presenting teams did an excellent job with their devotion and creativity. It is hoped that the spirit of innovation will go on in the future with these business elites.


Report Writing Workshop

2nd Round Case Interview

Final Presentation Day

Honorary Membership Honorary members are the past executive members of MSA who graduated already. They are nominated by the current members of MSA. The Honorary MembersÂĄÂŚ Gathering was held on 16th January 2012. This function provides a platform for the honorary member to gather with each other in order to strengthen the relationships with each other.

Advisory Board Advisors are valuable consultants and supporters of our functions. The Advisory Board consists of business leaders who are active and willing to participate in our functions and grant assistance to us. Throughout the year, the Executive Committee had gatherings with the advisors to keep close relationships with them. The success of all our functions this year undoubtedly attributed to the unconditional supports from our advisors.

Faculty Gathering The Faculty Gathering was an gathering between the faculty members of Department of Management and all students who are or have interested in majoring MGMT. It was held in Feb 2012 at the Uni Bar. Snacks and drinks were served, and students could meet the Management professors and interact with other students as well. We hope that through casual chatting, the relationship between students and the Department of Management could be fostered.

Welfare Express The Welfare Express aims at providing free gift packs, shopping premiums and welfare product of the year to the MSA members.

29


A glimpse of glamour

Interview with Ms. Tiffany Chau

TEXT BY TIFFANY

Ms Tiffany Chau, HKUST graduate, has been working in a well-known, US global investment bank for almost 13 years. She is now an Executive Director in the Controllers Department, Finance. The primary mission of Controllers is to ensure that the firm meets the financial control and reporting obligations of a global, regulated and public financial institution.

How do you view the career prospect of HKUST graduates? In general, HKUST has good reputation; it has high ranking and is well recognized. When we receive applications from HKUST, we won’t treat it differently from those that are coming from with other top universities. I think it is a great privilege to study at HKUST. The common impression that HKUST students give me is they are generally more hardworking, and have higher tolerance to pressures, compared with other local graduates. Thirdly, the student body in HKUST is diversified, having a great proportion of students coming from the Mainland and foreign countries. If you could blend in well and know more about foreign cultures, this definitely gives a cutting edge to HKUST students. In reality, do HKUST graduates perform better? They do usually. For instance, they react to pressures much better. They can make a difference in terms of time management and multi-tasking. HKUST is a good university that is comparable to other top universities. Advantages that HKUST students have are Chinese language skills and local knowledge. Working in HK, it is inevitable to interact with people from Mainland China. I believe in most cases HK graduates interact with them better than overseas students do. When I interview, it is a routine to test the candidates’ Mandarin speaking skills and Chinese writing skills. It is a major bonus if you could read Simplified Chinese. From this aspect, HKUST graduates usually will have an advantage given they have Mandarin classes and I believe most students can read and write Chinese well. HKUST has very high standards on academic requirements, thus I believe most of you have built up a solid foundation of technical knowledge and hopefully can give satisfying answers on technical questions. The shortfall, on the other hand, which is common for HK students, is the lack

30

of creative thinking. That being said, it still depends on the position that you are asking for. It is not necessarily a disadvantage, but something worth noting. Most HKUST students do not have problems to communicate in English. However, good presentation skill is something that makes you stand out. It is not about talking fluently in English with no grammatical mistakes, but more the confidence level when you speak, and whether you can present in a precise and easy-to-understand manner. I find most people stutter too much and are not confident at all, even if they have a fair command of English. One way to improve your presentation skills is to practice more with your friends or during classes. HKUST has offered very good exchange programs. Such experience is also valuable and vital to share with the interviewers. So, I strongly encourage all students to join the exchange programs to the extent possible. What advice do you have for students hoping to enter the industry? One common question interviewers usually have to the candidates is why you want to enter into the investment banking industry. Most answers given are vague, like good compensations or the industry looks glamorous. This creates an impression to the interviewers that you know very little about this industry. What people usually see is only the bright side, but not the other side of the world. You need to have true passion in the job you ask for, otherwise your career life in investment banks won’t last long. I have seen too many bankers who quit in less than 5 years. Not everyone can stand a job that requires 24/7 commitment and never-ending deadlines. Have you heard any impressive answers to the question? To be honest, I have not heard one. The worst answer I have heard is that “because I like the name of your company”. It is not substantial enough to become a compelling answer.


What if the company is not doing well, or something happen which damages the reputation of the company? Does it mean you will not want to work for it anymore? At the same time, never give answers like “I can be anything as long as I can enter your company”. It simply implies you do not know what you really look for. In retrospect, I did not give a very substantial answer to it either when I interviewed this company for the current role. But I was honest then, and convinced them that I am a capable and devoted employee who fits well in the position with interest and passion. My strategy is to focus on the position that I was applying rather than the industry. What happens if, in the end, you do not fit in the position? We put great emphasis on internal mobility. We believe employees rotating to different roles are good to both the firm and the employees themselves. Taking a two year working cycle as an example, we believe every performing employee would spend the first six months learning, another 1.5 years contributing to their current role, and when they’re ready to move on, they could spend the last six months doing transitioning. So, job rotation is very common in our firm. We believe this is the best way to motivate people and fully utilize our talents. By the same token, if your current knowledge or advantage limits your choice of position in an investment bank, you can still feel free to apply for a position that suits you. I have seen quite a number of cases where front desk dealers originally started from a back office position. What qualities do you expect applicants to have? There are some critical soft skills that you must have. One is communication skills I have mentioned before. Over 50% of our task force is foreigners. It is crucial to make them understand you. It is not about speaking perfect English, but the willingness to speak up and express yourself clearly and in a concise manner. Time management is also vital. When I first joined the company, I already had to work until midnight. You need to have good time management and multi-tasking skills to handle all your work. At present, I still receive a lot of ad hoc requests out of nowhere. You will not be able to survive in such environment if you manage time poorly. Another emphasis is on teamwork. Even though we appreciate individual efforts, our emphasis has always been on being a good team player. Elitism is frowned upon, since it could easily lead to a loss of control. As a firm, risk management is all that matters. Teamwork helps to promote risk management as the risk will be thought through by many people before a decision is made. At some point of time, we all have to work with others. What level of teamwork are you expecting? The teamwork I have just mentioned does not only mean working within our team, but within the whole firm. In a

normal day, I’ve to work with 5-6 different departments with different objectives. Different objectives may lead to potential conflicts. But ultimately, we know there’s only 1 goal, that is, to make the whole thing work. Thus, how to make compromises and get consensus from different departments is part of teamwork. Teamwork should be demonstrated when we work with other regions. Just because they are far away does not mean we can ignore them. Their priority should be taken as our priority. This is the team work standard required by my firm. Is it true that the environment is highly pressurized? Without a doubt, it is true. When I first worked in the Beijing office, working 15 hours a day is considered “normal”. However, a 15-hour day is still not the longest day when compared to the Research and Banking departments. Especially for bankers, they need to be highly mobile and it is not uncommon to see cases where bankers need to arrive at the airport at 9am when they receive a call from the boss at midnight. I also encountered situations where after doing a due diligence at Shenzhen at 7pm, I travelled back to HK and was asked to finish the due diligence report by that night. The pressure comes from how you can handle all these requests timely. At the same time, our firm adopts a 360-evaluation program. At the end of every year, we will have to find 10 to 12 colleagues to write our performance appraisal. A balanced portfolio must include personnel across 5 to 6 departments from different levels, and around the globe. This basically goes back to the point that if you are not a good team player, you will not survive such harsh scrutiny. What do you think about “work-life balance”? This was once an idea attempted to be carried out by our firm. The reality is that it is impossible to have work-life balance under such tough, competitive environment. So, we now promote something different - “work-life flexibility”. Our firm now tries to accommodate people to work anywhere at any time. For example, for working parents, they may leave the office in mid-day to attend their children’s school event and come back to office or work from home later at night to finish the work. This is the flexibility we provide. What do you like about your firm? Actually I like working with all the people I meet in this firm. I have learnt a lot from them. We’ve a very open environment and anything about work can be discussed. This kind of culture suits me well. The firm is very accommodating to provide work-life flexibility. I also like the firm because it is running under one, single global support model. Not all banks can provide the type of global support in the way we do. Some other banks have a more fragmented structure where local practices prevail, and it becomes a pain when you need to seek global advice or submit reports to the headquarters. But my firm really operates as one firm.

31


Mrs Janice Wing Kam Choi, MH, is a consultant and the legal director of Sunwah Group. She is also a director of Sunwah Kingsway Capital Holdings Ltd.

Where could students go? TEXT BY JASON PHOTO BY JUSTIN

What advantages do Hong Kong university students have? It is actually very fortunate that they may study in Hong Kong universities, given that the programs are Government subsidized and there are globally recognized universities, including HKUST.

Interview with Mrs. Janice Choi

horse racing and antiques provided to their employees. These are not only for the sake of leisure, but to enrich their employees. What level of language proficiency do you expect from them? Is Putonghua important?

I believe HKUST students are top students since the standard of admission and teaching are both high. Personally, I would still give a higher interview priority to graduates from the top 3 universities in Hong Kong, who may not have an outstanding GPA. On the contrary, I may not interview students overseas who are of the same standard. To be honest, they are studying overseas because they could not do so in Hong Kong. At the same time, they generally have unsatisfactory written English and are unfamiliar to the environment of Hong Kong.

I expect they can make effective communication through that particular language, which could be judged from their performance in interviews. It would count more than the result in public examinations.

What qualities do you expect to see in university graduates?

What could we do to prepare ourselves for the job market?

First of all, I would check their GPA, but I think having a high GPA does not necessarily imply they are quality employees. Secondly, I would see if their major suits the company and the position. In general, I would also require a good command of language and a positive attitude. Their attitude can be shown through their participation in student societies, volunteering work and competitions.

Apart from study, I would say you should read more news, and expand your exposure. It is important not to read only one source of media, be it internet news or regular newspaper. It is not only about knowing, but to enhance critical thinking and all-round analysis.

I expect to hire all-round graduates. Simply having a good result is definitely not enough to meet the standard. Even in the past, there are generalists like Cao Cao, Zhuge Liang, and Qianlong Emperor. By the same token, business majors should not read only business publications and know only business news. In banks, there are workshops of wine,

32

Bi-literary and Tri-lingualism is of vital importance. If you could not speak Putonghua, your area of duty will be confined to Hong Kong. There will also be a misallocation of resources in the company, since your part of duty in Putonghua must be allocated to other personnel.

Being proactive is equally important. You should never wait for the job postings from companies. Always think ahead of your peers and contact the companies earlier than everyone does. Internship opportunity is also a good way of keeping in touch with your desired company. For instance, private banks are now sponsoring a lot on sports events, community works and concerts. If you are


genuinely interested in working for the company, you should pay attention to these little details to help you understand more about the culture of the company. These efforts would pay off in the interview, since you have made a thorough research.

environment, higher compensations and no needs to get used to Mainland China, but the fact is they lost their chances to seek unlimited opportunities in China. They have no incentive or even refuse to learn more and get out of their comfort zone.

Habitat for Humanity is a name you must know if you wish to work in the USA. It was started by a couple who build homes for the homeless. It is now ranked number 2 on the Top 100 brands, second to McDonald’s. Almost all presidents have participated in its projects. So how can you resist the opportunity to work for it and share the experience in your interview?

It is all about lifelong learning. You will never know what you missed if you simply say no.

So if you wish to work in China, work for Red Cross then. By knowing what your interviewers know will give you a common topic, which is a great advantage. Some companies will choose student overseas over local students. Do you think it is a must to go on exchange?

In 1983, I was working on the area of intellectual property. No one knew what a computer was, let alone the components and their corresponding copyrights. So a client came to me, showed me a chip and asked how he could apply for a patent. I knew nothing then. No available courses could help me with his enquiries. So I went to the library, borrowed 2 books about computer copyrights and wrote a 2-page advice letter. When I handed my letter to my boss, he was not confident enough to sign and came to see me. He asked how I would know about these, and I answered him that I read it from books. He was impressed and signed for me.

Of course an exchange opportunity should always be sought. But if, for some reason, you got turned down, you should take your travel as an opportunity to know more about the country. Pay attention to their daily lives and customs. For instance, I only watch their local TV channels when I travel to other countries. That is the easiest way to get to know what the locals care about.

I could have refused the job and given it to someone else. But it would be a great loss, because my boss helped me with my renewal of contact after.

Is there any experience that you are unaccustomed to when working with your partners from Mainland China?

What are effective management and leadership?

Definitely. We started out learning by doing. For example, they have different usages of words. In real estate advertisements, we would use words like luxurious (豪華). But in Mainland China, everyone is using the words like ostentatious (奢華). We are actually still learning. How do you think of Singapore? Singapore is a great competitor of Hong Kong. They have similar advantages as well. In the short run, it will always have better opportunities since it is paying a lot higher to attract talents. But in the long run, I doubt if it could sustain. There are actually more opportunities in Hong Kong and China, but it simply takes time to find out. Hong Kong students usually work for overseas company. Why would this happen? I think somehow they are rather short-sighted. They think they are better off by having a more accustomed

It is just an example to say that you reap what you sow though it is often that it does not come in the form of actual benefit. You will never know.

Leadership is a kind of thinking. It does not necessarily mean you have to be in high position. When you are ordered to do something, you should always think about the reason why you should do so, instead of blindly following instructions. When you could digest the order and suggest better alternatives to your boss, this would be an example of leadership. There is philosophy in every detail at work. For instance, when someone tells me another company has replied our email, I will expect them to be able to answer me what its reply is. Or else, he is simply degrading himself to a messenger, instead of a qualified employee. You have to know what you are doing. Lastly, never make careless mistakes. Careless mistakes are nothing but stupid and foolish mistakes, and they could cost a lot at times. If you really are to make mistakes, only make intelligent mistakes, which could only happen due to a lack of experience.

33


10 China predictions for 2013 from a McKinsey executive BY V. PHANI KUMAR Pork or chicken prices will double, a European soccer team will invest in the Chinese Super League, and unless Beijing steps in, a third-tier city would go bankrupt: Those are among the 10 predictions Gordon Orr, a director in McKinsey’s Shanghai office, is making for 2013. Well, nine predictions and a plea, actually. The latter, “more a hope than an expectation,” is that national holiday weeks that China observes (such as during the Chinese New Year) be abolished. In an article published in the McKinsey Quarterly, Orr said the current structure of mandated vacation weeks, which was put in place 15 years ago to ensure workers would get a holiday and have an opportunity to spend their savings, will either “gradually decline into irrelevance … or, better still, they will be formally abolished as an idea that has outlived its purpose.” 1)

Local protests intensify, and succeed more often:

Encouraged by the success of some protests in recent years, and armed with the power of the social media, people are now willing to protest “noisily” as they realize the government has little choice but to intervene with force, compromise, or back down, said Orr. “In 2013, local protests against both new construction of polluting facilities and the operation of existing ones are likely to intensify… Local governments will back down more often,” he said.

3)

Banks underperform:

Fear of a possible blow-up in bad loans at Chinese banks is rather well flagged. Orr says 2013 may also mark the beginning of a “more fundamental transformation,” lasting several years. “In view of current trends, banks must find 1.3 trillion [yuan USDCNY +0.15% , about $209 billion] in additional capital over the coming five years… The challenge, which many banks are illequipped to manage, will be to shift from customer-acquisition and ‘growth at all costs’ strategies to more differentiated ones focused on profits,” he added.

34

Many have been expecting the cancellation of national holidays

2) Online competition bankrupts a major main-street retailer: No online retailer has put a brick-and-mortar competitor out of business so far, but 2013 will “represent a tipping point for growth in the share of online clothes and electronics,” Orr said. He said local physical retailers may be able to hide their underperformance for a while, as they own real estate or are part of broader conglomerates, but more exits by multinationals “seems likely.”


4)

More spending on infrastructure:

Not enough airports and mass-transit systems, an inadequate food supply chain, and the lack of modern accommodations for urban population in all but the top-tier cities, represent crying calls for more investment. “Infrastructure spending will continue to drive economic growth in 2013, and the vast majority of it will be put to good use,” Orr said.

6)

5)

Investment in overseas agriculture the ‘next big thing:’

China’s trade deficit on agricultural goods is currently around $40 billion, and growing at 50% a year, in what reflects its increased demand for basic cereals to feed its expanding livestock population. Chinese firms already lease hundreds of thousands of hectares from Argentina to Kazakhstan to grow soybeans. But more outbound investment is needed, and such investment “in commodities and premium agricultural products … will reach a tipping point in 2013,” Orr said.

Even the middle classes hedge their bets:

Most individuals have fewer options for diversifying their asset base outside the country than the wealthy, “but buying real estate is one of them,” Orr said. He noted that by some reckonings, the Chinese are now the second-largest acquirers of luxury property in London, and the wave of such acquisitions “will probably get a lot larger before it subsides.”

7)

Pork or chicken prices rise 100%:

China’s domestic food supply is strained and a shock in the supply of pork – China consumes half of pork produced globally – could easily drive up prices, Orr said. “Although a better food chain will develop over time, this may take several years,” he added.

8)

European soccer teams invest in the Chinese Super League:

A new Chinese leadership intends to private the state-owned soccer league and welcome international investment, according to Orr. He added: “International teams from many European countries will invest in leading Chinese teams and rotate players between Europe and China.”

9)

A third-tier city goes bankrupt:

The heavy dependence of Chinese cities on land sales is well publicized. Orr said the financing vehicles the cities have been using in the past to build projects will no longer work, and things might turn worse. “Without a bailout from the central government, they will no longer be able to meet their bills. Continuing to roll over loans to state-owned enterprises just pushes the problem a short way into the future,” he said.

35


Navigating the recruitment process ARTICLE COURTESY OF CREDIT SUISSE That hard-earned degree is within sight, but do you have a clear view on your employment prospects? Getting ready and standing out from a field of qualifies peers is the final “assignment” of your academic career. Preparation and presentation will help you stand out and receive the employment offer best-suited to your talents. Here’s how to start: The Recruitment Process The cycle begins when you and prospective employers start gathering initial information about each other. You’ll have an opportunity to attend campus events, meet recruiters and managers, and exchange first impressions. More than a “meet and greet,” it’s a real chance to get your face and CV in front of people in the industry who seek to find the best talent for their firms. Stay abreast of such events with your Office of Career Services and plan your strategy in advance. How to prepare? First, be yourself. Firms look for skills and academic performance, but also for well-rounded and confident individuals who will contribute to their company culture. Do your homework on firms that interest you and tailor a few questions specifically to their operations. Another homework assignment: keep yourself updated about financial news at least two weeks in advance of the recruiting event so you may ask a couple of topical questions. At the event, put your best foot forward. Treat the recruitment event as an interview with appropriate attire and polished appearance. Recruiters and hiring managers are there to meet you: Be confident greeting them, and

36

introduce yourself with a smile and a handshake. Be mindful of their time and of your fellow classmates, who also are in line to speak with recruiters. Be succinct in your questions, acknowledge responses and maintain eye contact. Be prepared to step aside if there are a lot of people waiting in line to speak to representatives, but be sure you give each person with whom you speak a final handshake, along with thanks for their time and information. The CV Once you have decided in which area you are interested, you will be required to apply online with a CV – the formal document that describes your skills, accomplishments and interests. Be sure it’s accurate, up-to-date and competitively positions you as the best possible candidate. Here are a few essentials: Use quality paper in a neutral color and a strong, easy-toread conventional typeface. Refrain from graphics and restrict color and type formats. It’s fine to use bold or italics for emphasis, but use them modestly. Double-check all of your contact information For in-person meetings, carry your CV in a folder or small portfolio so it remains crisp. That’s form. Now for substance. Your CV should cover four areas: Academics, which include GPA and other scores, courses of study, scholarships or other awards and accomplishments. Experience, such as relevant jobs, internships,


school activities and volunteer work – anything that positions you as a leader and a doer. List in reverse chronological order (most recent first) and include a brief description of each job and the dates. Personal information about who you are beyond what you’ve done. It’s an opportunity to mention your interests, talents, languages, or travel experiences. List relevant technology proficiencies. Awards, honors or publications will let recruiters know you’ve made a name for yourself in your community – whether that’s academic or civic. The more specific, the better. If you have achieved a high ranking or have other metrics, for example, “led a club of 500+ members,” include the numbers Use strong words in a consistent and active voice. Good examples: “Directed, Developed, Managed, Led, Headed, Created, Coordinated, Produced, Researched.” Be prepared to account for any gaps in activity. If you took time off from your education, note that, especially if you were engaged in activities that built your skills or your character. Finally, do more than just a spell check. Print out your CV and read the hard copy. Paying attention to consistent tenses, parallel construction, formatting errors. Ask professors or career advisers to review. Keep it to one page. A word on ethics: Your CV is a factual account of your experience and shouldn’t include anything that can’t be verified or supported. It should not include confidential information about previous projects or employers. You may wish to include a cover letter, which serves as a brief introduction to you and your specific interest in the position. Your letter should complement your CV, not repeat the details. Keep it to two paragraphs, ensuring it’s properly addressed to the appropriate recruiter and department.

The interview If your preparations have paid off, you’ll be called for an interview. Bring several copies of your CV. Typically you’ll spend up to an hour with an interviewer(s) who will ask questions that will help determine your competencies, knowledge and potential for success – professionally and personally. What does Credit Suisse look for? Potential leaders with demonstrated problem-solving skills and the ability to deliver results. These are students who, despite their significant work-loads, have invested time and effort in oncampus activities such as leading student organizations or competing in sports. We seek students who have raw intellectual ability and have the grades to demonstrate that. Our best candidates are entrepreneurial: self-starters who can envision long-term goals. They have excellent communication and networking skills that will benefit them in our highly collaborative environment. Some business areas may have additional assessments such as job-specific exercises, questionnaires to determine abilities and attitudes and personal fit, or exercises for determining your ability to work in a team. You may go through several rounds, and as interviewers will compare notes, you’ll want to be prepared and confident for each meeting. Be sure you have good talking points on the following: The firm’s culture, position and ranking in the industry The position offered, and the skills required Trends and current issues in the financial industry Be prepared to discuss everything on your CV and where possible, provide examples of what you’ve accomplished or what you’ve learned. Keep focused on your contribution to the firm and save questions about salary and benefits for later.

37


Asia braces for ‘Abenomics’ roller-coaster BY CRAIG STEPHEN Asian equity markets are now dealing with quantitative easing with a new twist. This time it comes from Japan’s central bank rather than the Federal Reserve, but the liquidity ride looks to be the same. Investors can learn from the earlier impact of Fed Quantitative Easing program in Asia: They should expect a roller-coaster of stronger currencies, higher asset markets as well as potential policy responses from governments seeking to thwart hot money flows stoking inflation and property bubbles. Last week, came further confirmation that the policy of extremely loose fiscal and monetary policy, championed by new Japanese prime minister Shinzo Abe, dubbed “Abenomics,” is to be stepped up. The Bank of Japan doubled its inflation target to 2% and agreed to an “open ended” commitment to buy assets. This suggests more yen weakness is on the way. The yen, at 92 to a U.S. dollar, is now down more than 12% against the greenback since last November, and already analysts are forecasting it could soon fall to 100 to the dollar. Japan’s new ultra-loose monetary policy is likely to impact investor behavior in a number of ways as expectations of yen weakness become entrenched. Firstly, Japanese investors will become more aggressive searching for yield and diversifying into non-yen assets to protect against currency debasement. Further, it has already revived talk of the “yen carry trade” — this is typically where the yen is used as a funding currency to be invested in alternative currencies or assets seeking a yield advantage. Noticeably, the recent pick-up in equity markets has coincided with the weakening of the yen towards the end of last year and the arrival of the new Abe administration. Last week, Japanese equities just finished their twelfth week of gains. Shanghai A-shares are now up 23% from last November lows and the Hang Seng Index is at 21-month highs. One explanation is that by switching on the money taps of cheap yen, Japan’s previously restrained central bank has also raised the risk appetite of investors, prompting them to put money to work. The opportunity to fund in what appears like a one-way bet and a depreciating currency is likely to increase animal spirits and the amount of hot money looking for a return. And with various central bank interest rates converging near zero, this would increase the likelihood funds would seek an alternative home in equity markets. The Shanghai A-share market, for instance, was trading at multi-year low valuations before its recent revival.

38

While this stimulus by Japan is good news for equity prices, some of the side-effects will be less welcome by Japan’s neighbors. The country traditionally with most to lose from a competitive devaluation by Japan is South Korea, which has seen its currency rise sharply against the yen since last year. Investors sold down Korean equities last week amid suggestions the government may impose a broad tax on financial transactions. China has also voiced its concern. Capital inflows and an economic rebound in China could fuel inflation and asset bubbles said former central bank adviser Fan Gang. He added overheating risks may resurface this year. Also last week Yi Gang, a vice-governor of China’s central bank said China will closely watch the spillover effects of Japan’s ultra-loose monetary policy. Due to China’s managed float to the dollar, the RMB is also appreciating against the yen. A stronger currency is unhelpful when China’s manufacturing sector is already laboring under higher costs. This has led some analysts to speculate China may move to widen its trading band against the dollar. For Hong Kong, which is already struggling to cope with a multi-year property bubble, another round of hot money flows from QE is a headache. This typically results in gains in asset prices, which will be unwelcome at a time there is widespread anger over unaffordable property prices and inflation. To try and stem the flow of money into property, authorities have already rolled out a transaction tax for non-residents of 15%. Its effectiveness has been patchy, however, as investors funnel money into commercial or industrial property to skirt the tax. The upward pressure on the cost of living will put further pressure on policy makers. An escalation of hot money flows could yet trigger renewed speculation on the durability of Hong Kong’s U.S. dollar peg. Singapore has had similar issues with a bubbly property market fuelled by external money flows. In early January, its government also imposed an identical property transaction tax to Hong Kong’s to restrict overseas buying. Investors should be wary of further unpredictable policy measures, if hot money flows do escalate amid further yen weakness. This could make for a bumpy ride, yet this Japanese led liquidity rally could have further to go. After all, recent history has shown — don’t bet against central banks intent on quantitative easing.


How (and When) to Snag Cheap Fares BY JENNIFER WATERS

When is the best time to get the best value on airfare? It’s the most-asked question travelers pose, and as spring break approaches, it helps to know that a recent study puts the average answer for a domestic trip at roughly seven weeks. “Of course, a million caveats apply,” says Jeff Klees, chief executive of CheapAir.com, an airfare-shopping engine. “If you’re more flexible on your travel dates and time, you can get away with waiting closer to the time to travel.” In a study of “every possible trip combination” over 11,000 routes, CheapAir dissected more than 560 million fare-search records from 2012’s 366 days. “For any given flight, the actual best time to buy might vary, depending on the market, the time of year, the day of week and other factors,” Mr. Klees says. But the short answer is 49 days before your departure for domestic flights, while the sweet spot for international flights is 81 days. Airlines will vary fare prices based on availability and preference. A typical flight from Los Angeles to Chicago could carry as many as 20 possible price points when the ticket is purchased. If the flight is wide open, all price points will be available. As fewer seats become available, fares switch to higher levels and if the carrier sees flights filling briskly, it will spike the prices.

course, is when the kids are out of school and the weather is great, or summer, while low is during the depths of winter, when fewer people are traveling, with the exception of the holidays. “The best time to travel is in the middle of all that, spring and fall when prices are discounted, the weather is mostly decent and seasonal places and events are still open,” she says. Because spring break tends to spread out over a four- to six-week period in March and April, Ms. Banas says there are still deals to be found. It’s Easter week, which this year falls on March 25-31, that’s tricky. Though she warns to watch for blackout dates on some packaged deals, she has seen offers to St. Croix in the U.S. Virgin Islands with US$300 airfare credit if you book six nights or more and similar airfare credits for the Bahamas. The Atlantis, the biggest resort on Paradise Island in the Bahamas, has a US$69-per-adult, per night deal plus other bonuses, though there are booking deadlines. The best way to find an airfare deal that you consider a value is to track it closely. There are tools on websites such as Kayak.com, AirfareWatchdog.com and TripAdvisor.com that will do the legwork for you. And CheapAir has a pricedrop payback offer that will pay the difference, as a travel voucher, if the price of your exact itinerary goes down. Here’s a quick primer on when to find the best deals.

“You’ll see crazy fares that are literally five times as much as what you would normally pay for a flight,” Mr. Klees says.

Start early. Once you’ve got your plans in mind, even if you haven’t decided if you can actually afford it, start tracking prices. That will give you a feel for the market conditions.

Of course, if you want to sit in first or business class, plan to pay a premium for it no matter when you buy the ticket. Ditto if you want a seat in the first 10 rows of coach and, increasingly, if you want more leg room.

If you see a great ticket price, be ready to pounce on it. Many times price cuts are short-lived, like 24 to 48 hours.

What’s the priciest day to buy a ticket? The day before you fly, with the second worst, two days in advance and the No. 3 spot, three days ahead of time. That pattern sticks through 11 days out, underscoring the need to buy tickets as soon as you can. The real trick to getting cheap fares is to travel during the so-called shoulder season, according to Anne Banas, executive editor of SmarterTravel.com. The industry ranks travel into three seasons, high, low and shoulder. High, of

If you’re traveling during peak travel periods—and Easter week is one of them—give yourself more time. Those are likely to fill up fast with prices rising along the way. Best bet: Travel after Easter week. As with any air travel, be flexible. Sunday and Friday flights are going to cost you more than a Tuesday or Wednesday. But during peak holiday travel like Thanksgiving, price will vary based on timing, Mr. Klees says. Last year, travelers flying Monday through Friday of the holiday week saved US$114 over those who booked a Wednesday to Sunday flight.

39


Is the Michelin Guide Relevant in Asia? BY ADAM LIAW

For more than a century, the Michelin Guides have been the mark of excellence for restaurants in Europe, where earning a star – or losing one – can make or break a chef’s career. But how relevant is France’s little red book in Asia, where it arrived five years ago and now counts a trio of titles?

alongside their European counterparts in compiling the guide. But many Japanese believed that foreign inspectors lacked the experience required for an informed assessment of Japanese food. (Of the five inspectors for the inaugural Tokyo guide, two were Japanese and three European.)

Living in Tokyo in the mid-2000s, one of my favorite places to have lunch was Esaki, a charming restaurant in the city’s Aoyama district. It was small and reasonably priced, around 5,000 yen for a lunch set, but the food was spectacular. The house specialty of yurine dango – a delicate ball of lotus root and crispy senbei in a rich broth – is one of my all-time favorite dishes. In Tokyo’s first Michelin guide, in 2008, the restaurant was awarded two stars; it later gained a third.

Across the pond, Western chefs and commentators raised objections to the Japan guides, claiming they were too lenient. Tokyo earned more stars than any other city in the world, while the comparatively tiny town of Kobe, population 1.5 million, boasted a dozen two- and threestar locations – more than all of London.

I never ate there again. When Michelin landed in Japan, the traditionally Eurocentric Michelin system came under fire from all sides. Restaurateurs, critics and the general public debated whether some restaurants deserved their Michelin stars while other establishments were overlooked. According to Michelin, local Japanese inspectors worked

40

In the early days, a few Japanese chefs whose restaurants gained stars claimed ignorance of the system and the importance attributed to it abroad. Some even denied Michelin access to photograph their restaurants, effectively forgoing their place in the guide. Most, however, accepted the acknowledgement graciously, while perhaps not expecting it. Michelin’s Tokyo Yokohama Shonan guide, now in its fifth edition, is overseen by a seven-person, all-Japanese team of inspectors. Much of the criticism that accompanied earlier editions has quieted, but although the Michelin


guide in Europe may be considered the highest culinary accolade – and a sign of international acclaim in the U.S. – the guide in Asia is still treated as indicator of primarily foreign recognition. Of course, locals in Asia have never needed a foreign restaurant guide to tell them where to find good food. From word-of-mouth to newspapers and magazines to crowdsourced websites like Tabelog in Japan and Openrice in Hong Kong, diners have been tracking down delicious eats since long before Michelin came to town, and they will continue to rely on home-grown resources regardless of what restaurants makes the French guide’s cut. Nonetheless, Michelin has its audience. The lines at Hong Kong hole-in-the-wall Tim Ho Wan, touted as the world’s least expensive Michelin-starred restaurant, have always been intimidating in its original Mongkok location. But recently, many of the people queueing up are tourists, both from the West and around Asia (those in the know order their dim sum by phone in advance to go). Meanwhile, it’s notoriously difficult to get a booking at the three-starred, 10-seat Sukiyabashi Jiro in Tokyo’s Ginza district. Most Michelin-driven overseas diners are “encouraged” by the restaurant to try its more foreigner-friendly Roppongi location instead (albeit with only two stars).

The reason I have not yet returned to Esaki in the years since it gained its Michelin stars has nothing to do with snobbery, quality or cost. I’m told the food remains exceptional, and the prices comparable to what they were when I was a regular. But in post-Michelin Tokyo, the process of getting a table there has become insurmountable for me. And that perhaps is testament to the power of the little red book. No guide, award or restaurant review is perfect. Nor will it be immune to criticism. While Michelin in Asia may not inspire the reverence it does in Europe, or be treated as an unquestionable imprimatur of quality, it is at its essence a commentary, and as such, it’s a source of discussion rather than an end to it. The simple truth is, if the Michelin guide weren’t relevant in Asia, nobody would be even talking about it. But here we are.

41


R ev ie w C om m itt ee

ut iv e

SA Ex ec Y

AT H Y W E TH

SO Hon Yin, Fred Chairperson Warm and caring, is the motto for MSA. Being soaked with the loves and cares by the past executive committees and all senior members in MSA, I was touched and grateful that I have made a right choice to dedicate myself into MSA. I would like to take this chance to thank all the past executive committees for their utmost efforts making what MSA is today. Since the Promotion Period 2012, I have nearly spent all my time with Allegro to make MSA become the best students organization in HKUST. Laughs and tears in Allegro puzzle the most precious map of memories in my life. In the previous year, in the family of MSA, 13 Allegro-ers have treated each others as brothers and sisters. Being the chairperson of Allegro, I am somehow acting as the elder brother of the Allegro family. I am so glad that all Allegro-ers have showed their supports and encouragement towards all decisions I have made. Besides the fact that MSA has given the second home to me, being an executive committee in MSA also develop and flourish my various soft skills, such as leadership skills, communication capabilities, organization skills and crises management abilities.

42

Last but not least, MSA is a professional, warm and caring students organization. It is a family for all the members of our association. May I wish BRIO could pass our passions and loves towards MSA ever after.

MSA is my family, my origin in the university. If I didn’t join this big family when I was a freshman, I wouldn’t have had these 12 best friends and all those unforgettable memories; If I didn’t not join this big family, I can’t imagine how tedious, ordinary and routine my life would be right now. Simply pick anyone from the crowd, I bet no one can have such a plentiful and colorful life as we do! 13 of us has gone through a lot since promotion period, inauguration, O’camp, MP and MF; not only did we become more mature and skillful, but we also build a strong bond among ourselves. Meeting with ‘jong yuen’ is always more than feeling warm and pleasurable. I thank them whole-heartedly for shaping me into a better person, letting me know my shortcomings and light up my university life. Last but not least, wish the next cabinet of MSA, Brio, will continue our spirit as well as bring warmth and care to others!

NG Hei Man, Harmony Internal Vice-Chairperson


Management Students’ Association means a lot to me and it brings me a fruitful year. In the beginning of my university life, I had never thought of becoming any executive committee of any societies. However, after joining different functions, I feel committed to MSA and it is the time to make contribution to MSA. This year I have been glad to be the External Vice-Chairperson of MSA. It provides me opportunity to know more about the real business world and learn from business professionals. We are striking for the best since we know MSA is always the best in the school. It is never an easy job to run the society. This year I am fortunate to be supported by my twelve teammates. They and I work toward to the same goal of being the most successful business society in the universities and as we have gained results and momentum, I have really valued the synergy that this teamwork creates. The time of being the executive committee almost comes to an end. I would like to thank my teammates of Allegro and I believe Brio can continue and lead MSA to be the most successful society in the school. YUEN Wing Ho, Jason External Vice-Chairperson

It is hard to believe that time is passing so fast and one year has gone. It has already come to the end of the term of Allegro, the 21st cabinet of Management Students’ Association, HKUSTSU. From promotion period to Orientation Camp, from Orientation Week to Polling Day, MSA and Allegro have bought me many precious time and memories. The most valuable thing that I can take away is the life-time friendship with 12 other Executive Committee members. Being an Executive Committee of MSA was never an easy job. Though the workload is demanding, I have never regretted. The laughter we had, the silly things we argued, the hard time we got through, these valuable experiences and precious memories are something that I will never ever forget. So I would like to take this opportunity to thank you my fellow members of the cabinet for bringing me so much treasure. The motto of MSA is ‘warm and caring’. In this year, I hope every MSA members have already experiences this unique culture of MSA that Allegro bought to you and Brio, the nominated cabinet of MSA for the coming session can pass on our passion and make MSA continue to become one of the top Association in HKUST. CHU Lai Tat, Peter Internal Secretary Welfare Secretary

43


It has been the most fruitful year of my life. Taking the role of an External Secretary, I have had lots of opportunities to deal with guests from different business fields, which have sharpened my communication skills. Besides, through organizing different functions, I have met many new friends and turned into a more mature person. Among the functions I have organized throughout this year, the most unforgettable one would definitely be Orientation Camp. It was the most tiring, frustrating yet satisfying activity. We 13 executive committee members spent more than 2 months in preparing a 3-day camp for freshmen, not only for entertainment, but also for them to familiarize with HKUST environment and meet new people. From all the positive feedbacks we received from our freshmen, I feel that all my effort is worth it. Perhaps the greatest reward from being the executive committee member of MSA is meeting the other 12 members. After spending a year sharing my happiness and sadness with them, I know that we 13 would be life-long friends. Thank you MSA for bringing such precious year to me. MAK Hoi Kiu, Tiffany External Secretary

SHER Wendy, Wendy Financial Secretary ‘Warm and caring’ is always a motto of MSA. It is also true in our cabinet, Allegro. Throughout the year, we think of whimsical ideas, we plan amazing functions, we have fun together, and we create precious memories. Promotion Period was unforgettable with blood, toil, tears and sweat. But after all, bitterness finishes, sweetness begins. Throughout the year, organizing activities was never an easy task and we made many mistakes. But it is true that we have grown. We become more mature because we have a different experience. I am glad that I have joined MSA. I am lucky to have twelve close buddies accompanying me along the way, ever after.

CHAN Ken Man, Ken Academic Secretary One year ago I was just an MSA member. I can still remember that in that winter I was struggling whether I should become the office bearer of MSA. But now I prove that I made a correct decision, and this decision has brought me into an astonishing year. Friendship is the most precious and invaluable thing I earned from being an executive committee member. I made 12 best and sincere friends. We paid, we accomplished, we cried, but cheerful. We shared our happiness, but we also shared our sadness. All of us have an unquenchable enthusiasm to work for MSA. MSA is a big association. To organize events and functions of MSA is never an easy task. Throughout the year, I am facing a long list of duties and challenges. But I did not give up. MSA has taught me how to work diligently and responsibly. It is so conducive to my life. The new session is going to commence while our session is coming to an end. But I will never forget what I have contributed and what I have learnt from MSA. I would definitely say it; this year is the most fascinating, and the most “warm and caring” year in my university life.

44


I never planned to join student societies before I got in university. It was never on my list, until a “calling” or an urge drove me to Management Students’ Assoiation. This year has been hectic, busy and problematic. Things just happen that wouldn’t leave you free. That being said, I have experienced and grown from taking the resposibility of being an Executive Committee member. Life just wouldn’t be the same without my fellow committee members. CHAN Chun Wan, Justin Publication Secretary Information Technology Secretary

Martin Luther once said, “I have a dream…” I have one as well when preparing myself to be the executive committee of MSA, which is to try my best to make MSA a better society. After 1 year being an executive committee of management students’ association, the feelings I have now is complicated. There are a lot of joyful moments. I still remember the day when we are preparing for the promotion period, only sleeping one to two hours a day, although exhausting, but we still enjoy trying our best to promote our proposed cabinet, “Allegro” to all the others. We shouted loudly at the time of chanting happily. Preparing for the inauguration ceremony and orientation camps was probably the hardest moments during this year. As the marketing officer of Allegro, getting as much sponsor as possible is my job. When preparing these functions, almost every moment is contacting sponsors and sending emails, the pressure of getting not enough sponsors is driving me crazy. But at last the work was done well and the functions went great with the help of my partners. I learned a lot throughout this year, and I do not regret this choice of being as one of the Allegros. CHAN Lik Kin, Solomon Marketing Officer

Time flies, one year has passed. When I cast my mind back to last year, I was still an innocent freshman struggling how to position my university life. I was hesitated to be an executive committee member of MSA as I needed to sacrifice a lot of time on academic performance or part-time job. Many people think that being an executive committee member is solely devoting. However, it is totally wrong as. In fact, you would not have realized that it is also about receiving until you get involved. I can tell you that I never regret my choice of being an executive committee member of MSA. I enjoyed working with my dearest fellow committee members. We learnt from each other. We worked under laughter, tiredness, passion and arguments. Though we are no longer being executive committee members of MSA anymore, our friendship will not fall apart and I will always miss the old days working as a MSA executive committee member.

CHAN Emily, Emily Marketing Officer Public Relations Secretary

45


When I entered university, one of my ambitions was to enter a student society and become its executive member to arrange diversified campaigns and serve its members. Among all the associations I joined, MSA, which represents the spirit of warm and caring, impresses me the most so I chose here to be my home during my university life. From the experience of organizing different types of activities, I became a more mature and talented student since I now recognize that being the organizer has much more workload than my expectation, from finding sponsoring company to arranging the flow of the function. And as a promotion secretary, Not only meeting the member of MSA family, I can also be given a chance to be the person-in-charge of a jointuniversity function. This offers me a chance to broaden my horizon and social circle . Time flies. I will have no regret for being as an executive committee of MSA and thank my dear Allegro to build a beautiful and fruitful dream with me. LAM Pak Him, Leo Promotion Secretary

Before entering HKUST, when my classmate ask me whether I plan to join any student society and become an executive committee, my answer is no. I have already been working as officer of societies for my last few years of secondary school life. At that time, I just want to enjoy my freedom in university instead of taking up any more responsibilities. After playing MSA O Camp and working as a sub-committee for Management Festival, when my friends ask me whether I would like to be the executive committee of MSA, my answer is I’m not sure. I know working with my friends would be challenging and fun, but I also thought that I need to sacrifice a lot: my friends, my time, my GPA, and a lot more……Although many told me that this is one-in-a-lifetime opportunity, I’m not sure if it will paid off……. Luckily I’ve made the right choice! Now, if anyone asks me whether I enjoyed being an executive committee of MSA, my answer is a definite YES. Indeed I’ve spend less time with my friends, I‘ve now got a group of cabinet members which means a lot more. Indeed I’ve worked hours after hours for MSA (mainly on promotion items), every single second is well spent. Indeed I have lost a little bit of GPA, I’ve learned a lot more than three ordinary years of university could give me. If by any chance, you are reading this piece while considering joining a cabinet or not, I assure you that it is really an extraordinary experience. DA SILVA Leon Anthony, Leon Promotion Secretary

TANG Jeremy, Jeremy Sports Captain In Bible, Jesus said, “Everyone who drinks this water will be thirsty again,but whoever drinks the water I give him will never thirst. Indeed, the water I give him will become in him a spring of water welling up to eternal life.” When I first joined MSA ocamp, I felt there is a fire lilted inside me and I knew it meant something to me. It’s the most memorable year I have ever had in my life. I was determined to become an executive committee since my university life starts, and luckily I chose MSA, which is undoubtedly the best choice ever in my life.I have learnt a lot and become more independent after this year. I made a lot of long-lasting friends for example my chong yuens, my jo jai nuis and all dedicated sportsmen. Besides, I would like to specially thank all sportsmen with their generous efforts that complete a gorgeous page in the history of MSA.

46

I enjoy every moment I spent on MSA, because it reminds me that MSA has the fire and passion to win any matches and achieve anything. I feel that the fire that MSA gave me grows bigger and bigger every day, and will be supporting me up to eternal life. I believe this fire will never die and keep on lilting up more MSA souls in the future, forever and ever.


Manage with innovation, Go beyond your horizon

MeSsAge, Annual Journal of Management Students’ Association, HKUSTSU, Session 2012-2013 Website: Email: Address:

48

http://ihome.ust.hk/~su_msa su_msa@ust.hk Mail Box 35, LG5 Student Center, Hong Kong University of Science and Technology, Clear Water Bay, Kowloon, Hong Kong


Annual Journal