March 2014

Greetings, GLEMBA Alumni and Students!

One of the highlights of my Executive MBA experience was the international study trip. Last month, Dr. Springate and I announced that our next trip will be to Hong Kong and Beijing, China, in July. The international location is chosen with purpose. China was chosen for the following reasons:

  • China has dominated world growth since 2008. Find out why and see developments.
  • Since the Global Financial Crisis of 2007-2008, China has set a high GDP growth target of 7 percent per year through 2020. Is this achievable, or how will adjustments be made?
  • Is our significant U.S. investment in China at risk?
  • Do we understand how to do business in China?

In March, we took our Executive MBA student to Panama for their Americas’ trip. The purpose was to better understand the economy of Panama, the disparity between the money flowing in and through Panama and the extreme poverty and lack of education, and to realize the potential of Panama; specifically in regard to the development of the new canal.

We visited the construction site for the third set of locks for the Panama Canal. Many thanks to CH2M Hill and the Panama Canal Authority (ACP) for candidly sharing the issues that they have in building this monumental structure that will forever change the shipping industry.

We met with Frank De Lima, the minister of Economy and Finance, who gave us the political view of Panama’s economy. The CEO of CITI Group Panama gave a slightly different perspective of Panama’s economy and believes Panama has the potential to be “a Singapore in 10 years.” We toured Panama Pacifico (a master-planned community developed from the Howard Air Force base.) While we were there, we met the country manager of BASF, the world’s largest chemical company. He shared with us why BASF closed its Costa Rica plant and moved to Panama. The visit closed with a tour of the Port of Balboa by the Panama Ports Company. It was an incredible trip!

I’m writing this from Australia, where I am traveling with the Executive MBA Class of 2014, and when we return, we’ll be diligently planning for our trip to China.

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Director, Executive MBA and GLEMBA programs


Global Leadership Executive MBA
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