By Dr. Jon Carrick
The world has become highly globalized and we now must interact with companies from all over the world. Throughout the past term, we have been studying how to interact and conduct business with other countries and cultures. It is beneficial to study these things in the classroom, but there is no substitute for experiencing it first-hand. This is why I am so excited about our EMBA trip to Vietnam and Singapore.
We will get to experience two of the most dynamic economies in the world. Singapore rose from the ashes of conflict in the 1950’s to become one of the strongest economies in the world; it was literally one of the poorest countries in the world and it is now among the richest. The Singaporean economy has grown at an average of 8% p.a. since the 1960’s, and its impressive growth continues.
Vietnam has also recently experienced great growth, but is still a developing country. It will be an interesting contrast to see countries in vastly different stages of economic growth. It will also be interesting to be welcome in a country that, less than 40 years ago, we were at war with. If you had told people 30 years ago that Vietnam would be an important trading partner with the U.S., people would have thought that you were crazy. But here we are getting ready to visit an open and friendly Vietnam.
Between the two countries, we have nine great business visits planned. These visits are to an array of small and large organizations and will really bring to life what we have been learning in the classroom. Stay tuned, as the students and I will blog about each of our visits and our other experiences in Vietnam and Singapore.