“One of the speakers, Jeff Hoffman (founder of Priceline.com), said it best. ‘This conference is why people go to business school.'” – MIT
One of my MBA highlights was representing Taiwan at Graduate Business Conference (GBC), the only annual global conference for MBA student leadership. GBC 2017 was hosted by Chinese University of Hong Kong (CUHK), a short 2-hour flight from Taipei. The first GBC was in 1983 at Columbia University. GBC 2018 will be hosted by Copenhagen Business School.
GBCers are elected student leaders, mostly from schools in the Graduate Business Forum. These are the top 50 top business schools in the world, now 70.
Each year’s GBC covers a theme around responsible leadership. What are some of the biggest issues in the world? How will they affect business? What are the roles we will have to play in solving them? How is the world we’re going to lead look like? Here’s what goes on at a typical GBC:
- MBA student leaders sharing their challenges and successes, what’s working and what isn’t, bouncing ideas off one another.
- Best practices for student government. How to work with administration, alumni relations, extracurricular activities, student discipline, academic affairs, budgeting, continuity, planning, career services, engagement, setting up new initiatives, etc.
- Keynote and panel session speakers following that year’s theme. GBC 2017 was ‘Business 4 Good: The Ultimate Challenge.’
- Networking with most of the top student leaders in the world
Business 4 Good: The Ultimate Challenge
For long, businesses have focused on profit and shareholder value as ultimate parameters of success. Instead, balancing a focus on profit with delivering positive impact to the world is believed to be the path to true prosperity. A complex challenge to innovate the status quo in business and economics today – maybe even the ultimate challenge!
Social business is that topic which comes up when we talk positive impact, and it’s often in the same sentence as startups. GBC 2017 speakers focused on how the new wave of corporate social responsibility (CSR) initiatives is also changing corporate governance, board support, and what to pay attention to right now.
Not having a grasp on CSR is a bottleneck here. One speaker talked how in a recent divestiture, the other party required a CSR audit before the sale could be completed. Others talked how CSR is built into new business processes, so we are 1) meeting carbon emission standards. 2) It is integrated. And, 3) not done on an one-off basis. It’s designed into the way we look at and do business.
This means we’re going beyond community service, and into the vision set forth by The Paris Agreement on Climate Change and the United Nations’ Strategic Development Goals. It’s not altruism anymore, CSR is a cost of doing business. Depending on your views, this cost is also value for society.
Overall, it’s quite broad – fitting for a MBA crowd. Speakers included:
- COSCO Shipping’s executive director
- Tencent’s strategy director (WeChat)
- Huawei’s corporate social responsibility head
- Infosys Consulting partner
- Head of IBM Cloud in Hong Kong
Also, that’s our OM Share Charging mentor and GBC keynote speaker at 2:04 in this video by CUHK. Meet Dr. Niven Huang, general manager of KPMG sustainability consulting, and one of my professors at National Chengchi University.
MBA Networking Insight from GBC 2017: People in Certain Positions Possess Certain Traits
You know, if there’s such a thing as an archetype of a MBA student leader, it’s here. As much as we talk about diversity, at the end of the day, people in certain positions tend to possess certain traits.
Here’s something Jim Deveau, founder of the Graduate Business Forum, pointed out in his closing remarks. GBCers relate to each other right away, before we start talking about what’s going on in our programs. It just takes a few minutes to meet someone who understands you, because we’re here for the same reasons.
Our programs also tend to follow certain paths, and maybe that’s partly because of accreditation guidelines. We also face many of the same pains. At a certain point, someone comes up with a fix. And because we know who each other are, we swallow the medicine.
My message to other MBA student leaders is, GBC is our people. I left with a stack of new connections — people I’d love to build something with. It’s these people who make GBC an incredible opportunity to test and talk out creative, constructive solutions.
The kind of student leader who attends Graduate Business Conference is someone who offers themselves to others in all realms, to improve the MBA experience. GBC is engaging, it’s thoughtful, it’s a capsule of the best a MBA has to offer. Come meet me, this March, in Copenhagen.