|
CONTENTS
Dean's
Welcome
Happy,
Passionate Employees Key to Good Business
M.A.
Wright Investment Fund Wins National Title
Students
Head To Big Apple
Digital
Technology Revolution
Third
Annual Wine Tasting
Southwest
Business Plan Competition
Class
Gift Challenge
Perspectives
on Women in Leadership
Employment
Prospects in
Silicon Valley
Student
Club Updates
ALP
Profiled in Continental Airlines Magazine
Second
Annual All Class Reunion
Schuler's
Mission at Enron
Getting
the Word Out About the Jones School
Patrick
Van Pelt: Paving His Own Path
Diary
of an MBA: A First-Year Student Writes Journal for Business Week
International
Trip: Singapore and Vietnam
Serving
Unique Corporate Educational Needs
Life-long
Learning
Offshore
Technology Conference
Faculty
News
Rice
MBA 2001 Placement Report
Alumni
Association President's Letter
Class
Notes
Alumni
Leadership Challenge
2001-02
Alumni Association Board
Please send
comments to:
Deanna Sheaffer, Editor
Director of Alumni Affairs
Jones School of Management - MS 531 Rice University
P.O. Box 1892
Houston TX 77251-1892
e-mail:JGSalum@rice.edu
|
Into the Zone of Feng Shui: An International Trip to
Singapore and Vietnam
By Dr. Robert E. Galloway, Class of 2001
I departed the Los Angelas Airport with my classmates from the
Jones School bound for a new adventure in Asia. What I initially
viewed with skepticism and wonder, soon turned into a fascinating
international business trip.
Our destinations were Singaporeand Vietnam and for sure our collective
mixed feelings about the trip had been equally tempered by the voluminous
pre-reads given us in preparation for our visit.
|
|
| Craig
Barry and Dr. Galloway |
As we touched down on this new continent, it was evident that the
magic of Singapore resides in the mix of the vast cultures from
China, India, Southeast Asia, Europe, and America. Despite its small
size, Singapore is a startlingly diverse nation. And this diversity
means that travelers are rarely foreigners. Singaporeans
can be found with varied religions, ethnicities, and backgrounds.
And another great thing we quickly found was that everyone spoke
English! Our newfound exotic culture had suddenly become accessible.
The city-state of Singapore is far more modern than western travelers
might anticipate, with an abundance of commerce, trade, politics,
arts, and tourism. And, if one chooses, there is plenty of wild
jungle to be found just outside its modern confines. It became clear,
during the first leg of our visit, that in its diversity, Singapore
was the gateway to all of Southeast Asia.
A cast of star lecturers was scheduled to dialogue with us as we
settled in. Several dynamic personalities, from diverse industries,
shared insights on Asian management styles and culture. John T.
Olds, vice chairman and chief executive officer of the largest bank
in Singapore had been recruited from the West. Lynn
Laverty Elsenhans, president of Shell Oil Products East, was responsible
for refining and marketing of fuels and lubricants in the Middle
East, Asia, Australia, New Zealand, and the Pacific Islands. Elsenhans,
it should be noted, is a Rice University graduate and was most instrumental
in organizing our schedule. Mildred Tan, a business consulting partner
with Arthur Andersen, was an Asian native. Her expertise was in
change management and cultural differences between the East and
West.
Interestingly, Tan, who was Chinese in ancestry, conveyed that
feng shui, a spiritual philosophy, was very much a part of both
home and business life in Singapore. Feng Shui is the Taoist practice
of living in harmony with ones surroundings. Its an
Asian philosophy that applies to every environment. Mildred remarked
that the positive flow of energy, or chi, flows through people,
buildings, landscapes, etc. If a home or business is not properly
aligned, chi can be trapped and made stagnant. True to this belief,
many Chinese businesses pay exorbitant amounts to have feng shui
masters consult on construction plans and interior designs.
One of the many advantages of our trip was the opportunity to meet
and mix with other MBAs and the Asian locals. I spent time with
a fellow student who was of Indian origin. We spent an afternoon
touring Little India in Singapore, a neighborhood familiar to him
from his youth. He introduced me to the twisting streets, ommunities,
open air fruit and vegetable markets, and craftsmakers of this Singaporean
culture.
Our last day in Singapore began with a lecture given by Chuck Jolly,
the vice president of finance for Compaq Computer Corporation of
Asia and with Michael Own, general counsel for the Asia Pacific
Division of Compaq. They aptly summarized our Singaporean visit
as they spoke of the cultural challenges of conducting business
in the Asia Pacific region. They each expanded on how Compaq deals
with Western business, political, and cultural influences on the
Asian market. As their lecture and our first Asian tour began to
wind to a close, I was reminded of Tan and the Eastern regard for
the necessary smooth flow of chi for optimal personal and financial
gain.
The tone of our trip quickly shifted during our flight to Ho Chi
Minh. Our flight was ushered in with an unspoken trepidation. Will
there be modern conveniences? Will there be residual
hostilities from the war? Many of our fears and attitudes
had obviously been shaped by years of propaganda, movies, and fiction.
When we arrived, we were immediately deluged with the greatest
of Vietnams resources. . .its people. As we drove through
town there were endless vendor stalls, billboards, motorbikes, stores,
homes, horses, chickens and people teeming in the city streets.
There were so many businesses and industries that I was not surprised
when our first scheduled speaker, Charles Ray, counsel general of
Ho Chi Minh City, peppered us with a host of reasons for conducting
business in Vietnam. He spoke of the high literacy rate, 95%, of
Vietnam. The relatively young population reads,writes, and speaks
English fluently. They are proficient with computers and mathematics.
And, because of the Communist culture, its workers endeavor to remain
apolitical. All of these ingredients seemed key to prosperity.
In 1986 the government set about trying to rebuild the country
of Vietnam by establishing free-market regulations and welcoming
foreign investment. Today, the results of more than 10 years of
reform are visible in business. Foreign investors and international
corporations have played a pivotal role in Vietnams jump from
a bankrupt state to an emerging tiger economy. Vietnams newly
established market openness was best conveyed by Dan Warden, midstream
director in the Vietnamese Business Unit of BP Amoco. He spoke of
the emerging number of joint ventures being developed to tap into
Vietnams tremendous reservoir of natural resources.
A truly shining star of the Asian business world was the Mekong
Project Development Facility. It was established in 1997 to support
the development of private, small and medium scale enterprises in
Vietnam, Laos, and Cambodia. The facilitys speakers conveyed
a pride and professionalism as they spoke of multiple successes
in helping small businesses in their start-up endeavors.
Indeed, as we passed through the streets of Vietnam, at the conclusion
of our MBA International Business Trip, it was evident that an energy
and enthusiasm permeated the markets of Asia. During our trip wed
been exposed to many examples of the benefits of an East/West alliance
and of foreign investments. Wed been exposed to Asian cultures
poised and prepared to succeed in local, national, and global markets.
|