[photopress:89_waltonbusiness.jpg,full,alignright]The Sam M. Walton College of Business at the University of Arkansas has launched an executive MBA with Tongji University in Shanghai. The executive MBA will focus exclusively on retailing, consumer products and logistics. (Appropriate because the college came about through aid and sponsorship of Wal-Mart.)
Dean Dan Worrell, head of Walton College, said, ‘The vision of the executive MBA program is to help Fortune 500 companies remove their greatest barrier of growth in the world’s most important marketplace: development of leadership talent in China. We believe that our educational expertise combined with that of Tongji University creates a world-class program that will help students succeed in this global marketplace.’
Don Waller will lead the executive MBA program for the first three years. He said, ‘American companies are now flocking to China not to produce things; they are already doing that. They are now flocking there because there are 1.3 billion consumers.
‘One distinguishing feature of this MBA program is that U.S.-based consumer products companies, logistics service providers and several other companies doing business in China have agreed to place their associates in the program.’ Students will include expatriates and Chinese nationals working for U.S. companies.
The 16-month program will meet nine times in Shanghai and twice at the University of Arkansas, where students will visit Wal-Mart headquarters to meet with senior executives and tour the home office, stores and distribution centers.
The executive MBA program will have a capstone project that requires participants to identify $250,000 in cost reduction or profit increase for their company.
Source: Walton College of Business