Wang, Victoria Jian（王劍）

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    Biography

    Professor Victoria Wang is an Adjunct Associate Professor in the Department of Management. Professor Wang obtained her PhD from Federation University, Australia, with a research focus on cross-cultural leadership and people effectiveness in cross-border mergers and acquisitions.

    Professor Wang had an impressive 30-year career driving growth, transformation, and people and organisation development in esteemed companies such as IBM, DuPont and HAVI. She has been a prominent member on various global leadership boards, company Board of Directors, Global Logistics Council, Diversity Equity & Inclusion (DE&I) Council. With extensive general management, P&L, and cross-functional experience, including over a decade in cross-cultural global leadership, Professor Wang’s strategic leadership encompasses a deep understanding of global business management, sustainability, cross-cultural dynamics, people and organisation development, mergers and acquisitions, transformation and change management, diversity, equity, and inclusion, as well as women in leadership.

    To pursue her passion for people and leverage her leadership experience to support the future leadership development, Professor Wang started teaching China Business with CUHK as part of the Undergraduate Programmes since August 2023. She became a LEAP advisor with MBA Programme since February 2024 and an Adjunct Associate Professor since April 2024. Her teaching areas also include sustainability, experiential learning and business practicum with CUHK Master’s and MBA Programmes. Professor Wang is also a Professional Certified Coach (PCC) by the International Coaching Federation (ICF) assisting the transformational development of future leaders.

    Teaching Areas

    China Business
    Sustainable Human-Environment Systems in a Business World
    Experiential Learning
    Business Practicum
    Coaching

    Research Interests

    Cross-Cultural Leadership
    Cross Border Mergers and Acquisitions
    Internationalisation of Chinese Companies
    Culture and Leadership in Sustainability
    Organisation Design and Development
    Diversity, Equity and Inclusion, Women on Board

    Ng, Angel Yin-yee（伍燕儀）

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      Biography

      Angel Ng was appointed Head of Asia North and Australia, Cluster and Banking in September 2023. Angel has oversight of Citi’s franchise in Australia, China, Hong Kong, Korea, New Zealand and Taiwan, including geographic management, client coverage and delivery, and legal entity management. The Head of Cluster and Banking has oversight of products and banking segments and drives local client engagement across all lines of business.

      As a leading financial institution, Citi brings the unique strength of its unparalleled global network and on-the-ground expertise to its Banking, Markets, Services, and Wealth businesses. The Asia North and Australia Cluster is a key growth area for Citi internationally, having been in the region since 1902. Angel, who is based in Hong Kong, is focused on creating greater connectivity across the bank to deliver the full power of Citi to our clients.

      Prior to this, Angel was the Head of Asia for Citi Global Wealth from April 2022, with the responsibility of the wealth business in the region which includes Asia Private Bank and Consumer Banking. Before that, Angel was the Chief Executive Officer for Hong Kong and Macau from May 2018.

      Angel joined Citi Hong Kong in 1998 and served as Head of Retail Banking, Head of Wealth Management and Head of Cards before being appointed Consumer Business Manager for Hong Kong in 2015, where she led the digital transformation of the business. Her knowledge and understanding of the wealth and institutional sides of the bank have helped built a winning franchise for Citi. She is also a strong advocate of diversity and inclusion.

      Prior to Citi, Angel held a number of senior positions at Procter & Gamble and China Light and Power Hong Kong. She started her career with HSBC.

      Angel actively contributes to the Hong Kong community by serving as a board or committee member of several organisations including the Financial Infrastructure and Market Development Sub-Committee under the Exchange Fund Advisory Committee of the Hong Kong Monetary Authority, the Banking Advisory Committee of the Hong Kong Monetary Authority, Board of Directors of the Hong Kong Science & Technology Parks Corporation, Council of the Treasury Markets Association, and Board of Trustee for the Chinese University of Hong Kong Chung Chi College.

      Angel holds a Bachelor of Business Administration degree from the Chinese University of Hong Kong.

      Teaching Areas

      Business Strategy
      Marketing and Consumer Behaviours

      Ma, Xufei（馬旭飛）

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        Biography

        Prof. Xufei Ma is a tenured full professor at the Department of Management, The Chinese University of Hong Kong (CUHK). Before he returned to CUHK Business School, he was the Terry Gou Chair Professor and a tenured full professor (2020-2022) of the School of Economics and Management (SEM) and Shenzhen International Graduate School (SIGS) at Tsinghua University. He was also a Cheung Kong Chair Professor granted by the Ministry of Education, China. He received a bachelor’s degree from Xi’an Jiaotong University (China), an MBA from the University of Saskatchewan (Canada), and a Ph.D. from the National University of Singapore. He was an assistant professor (2007-2013) and then a tenured associate professor (2013-2018) at CUHK, and a tenured full professor (2018-2020) at City University of Hong Kong (CityU). He also served as the director of CUHK’s Center for Entrepreneurship (2016-2018) and CUHK’s Center for International Business Studies (2018), and the Vice Chair of the Department of Innovation, Entrepreneurship, and Strategy at Tsinghua SEM (2020-2022). He’s taught strategy courses for EMBA programmes (in both English and Chinese) at Tsinghua, CityU, and CUHK.

        Prof. Ma’s research focuses on strategic management, international business, and innovation/entrepreneurship in China’s emerging economy. He has published papers in UTD and FT-listed journals such as Academy of Management Journal, Strategic Management Journal, Journal of International Business Studies, Journal of Management, Journal of Management Studies, and Journal of Business Venturing, among others. He received the Haynes Prize for the Most Promising Scholar from the Academy of International Business; became the first Chinese Dunning Fellow at the John H. Dunning Center for International Business, UK; and was awarded the Journal of International Business Studies 50th Anniversary Silver Medal. He is an Area Editor for the Journal of International Business Studies (2023-2025).

        Before Prof. Ma joined academia, he had worked for a leading central-level Chinese business group in Beijing and Shanghai. He has served as an independent director for Western Trust, Tu Ba Tu Group, and Beijing Urban Construction Design & Development Group. He’s the co-secretary-general and co-chairman (2024) of Chinese Management Model C50+ Forum, and the co-founder and co-chairman of Greater Bay Area Senior Management Scholars College.

        Teaching Areas

        Strategic Management

        Research Interests

        Strategy
        International Business
        Innovation & Entrepreneurship
        (Greater Bay Area, China, Singapore)

        • Publications & Working Papers

          Top Journal Publications (UTD & Financial Times Journals):

          • Z. Deng, X. Ma*and Z. Zhu (2022), “Transactional dependence and technological upgrading in global value chains,” Journal of Management Studies, 59 (2), 390-416. (FT45)
          • D. Ahlstrom*, J-L Arregle, M. Hitt, G. Qian, X. Ma and D. Faems (2020), “Managing technological, sociopolitical, and institutional change in the New Normal,” Journal of Management Studies, 57(3), 411-437. (FT45)
          • L. Luo, X. Ma*, M. Shige and G. Shinkle (2020), “Cluster status and new venture creation,” Journal of Business Venturing, 35(5), 105985. (FT45)
          • S. Zhu*, X. Ma, M. Peng and S. Sauerwald (2019), “Home country institutions behind cross-border acquisition performance,” Journal of Management, 45(4), 1315-1342. (FT45)
          • R. Krause, W. Li*, X. Ma and G. Bruton (2019), “The board chair effect across countries: An institutional view,” Strategic Management Journal, 40(10), 1570-1592. (UTD24)
          • R. Mudambi*, L. Li, X. Ma, S. Makino, G. Qian and R. Boschma (2018), “Zoom in, zoom out: Geographic scale and multinational activity,” Journal of International Business Studies, 49 (8), 929-941. (UTD24)
          • J. Gaur, X. Ma* and Z. Ding (2018), “Home country supportiveness/unfavorableness and outward foreign direct investment from China,” Journal of International Business Studies, 49, 324-345. (UTD24)
          • J. Xia*, X. Ma, J. Lu and D. Yiu (2014), “The outward FDI of emerging market firms: A resource dependence logic,” Strategic Management Journal, 35(9), 1343-1363. (UTD24)
          • X. Ma*, A. Delios and C.M. Lau (2013), “Beijing or Shanghai? The strategic location choice of large MNEs’ host country headquarters in China,” Journal of International Business Studies, 44, 953-961. (UTD24)
          • X. Ma, T.W. Tong and M. Fitza (2013), “How much does subnational region matter to foreign subsidiary performance? Evidence from Fortune Global 500 corporations’ investment in China,” Journal of International Business Studies, 44(1), 66-87. (UTD24)
          • X. Ma* and A. Delios (2010), “Host country headquarters and an MNE’s subsequent within-country diversifications,” Journal of International Business Studies, 41: 517-525. (UTD24)
          • J. Lu*, and X. Ma (2008), “The contingent value of local partners’ business group affiliation,” Academy of Management Journal, 51(2), 295-314. (UTD24)

          Other SSCI Journal Publications:

          • L. Luo, X. Ma and Z. Wang* (2022), “The moderate-reputation trap: Evidence from a Chinese cross-border business-to-business e-commerce portal.” Asia Pacific Journal of Management, 39(2), 395-432.
          • X. Ma, Z. Deng* and Y. Tang (2021), “Relieving Status Anxiety: How Low-Status Firms Respond to International Status-Heterophilous Relationships,” Journal of World Business, 56 (6), 101259. (SSCI)
          • X. Ma, A. Delios and S. Yu* (2020), “Innovation in MNC’S strategy and structure: the (re) emergence of host country headquarters in large emerging markets,” Asia Pacific Journal of Management, 37(3), 609-632. (SSCI)
          • H. Chung*, Z. Ding and X. Ma (2019), “Organizational learning and export performance of emerging market entrepreneurial firms: The roles of RBV mechanism and decision-making approach,” European Journal of Marketing, 53(2), 257-278. (SSCI)
          • J. Xia, X. Ma, T. Tong and W. Li* (2018), “Network information and cross-Border M&A activities,” Global Strategy Journal, 8 (2), 301-323. (SSCI)
          • J. Lu, X. Ma, L. Taksa and Y. Wang* (2017), “From LLL to IOL3: Moving dragon multinationals research forward,” Asia Pacific Journal of Management, 34(4), 757-768. (SSCI)
          • X. Ma* and J. Lu (2017), “Business group affiliation as institutional linkages in China’s emerging economy: A focus on organizational traits and institutional conditions,” Asia Pacific Journal of Management, 34, 675-697. (SSCI)
          • X. Ma, P. Wang and D. Li* (2017), “What Determines the Establishment of Chinese Multinational Enterprises’ Asian Regional Headquarters?” Management and Organization Review, 13(1), 85-119. (SSCI)
          • X. Ma, Z. Ding* and L. Yuan (2016), “Subnational institutions, political capital, and the internationalization of entrepreneurial firms in emerging economies,” Journal of World Business, 2016 51(5), 843-854. (SSCI)
          • X. Zhang*, X. Ma, Y. Wang, X. Li and D. Huo (2016) “What drives the internationalization of Chinese SMEs? The joint effects of international entrepreneurship characteristics, network ties, and firm ownership,” International Business Review, 25, 522-534. (SSCI)
          • J.W. Lu* and X. Ma (2015), “Partner resource asymmetry and IJV survival,” Asia Pacific Journal of Management, 32, 1039-1064. (SSCI)
          • X. Zhang*, X. Ma, Yue Wang and Yangwen Wang (2014), “How can emerging market small and medium-sized enterprises maximize internationalization benefits? The moderating effect of organizational flexibility,” International Small Business Journal, 32(6), 667-692. (SSCI)
          • X. Ma*, D. Yiu and N. Zhou (2014), “Facing global economic crisis: Foreign sales, ownership groups, and corporate value.,” Journal of World Business, 49(1), 87-100. (SSCI)
          • D. Yiu*, F. Ng and X. Ma (2013), “Business group attributes and internationalization strategy in China,” Asian Business & Management, 12(1), 14-36. (SSCI)
          • X. Ma*, X. Yao and Y. Xi (2009), “How do interorganizational and interpersonal networks affect a firm’s strategic adaptive capability in a transition economy?” Journal of Business Research, 62(11), 1087-1095. (SSCI)
          • X. Ma* and A. Delios (2007), “A new tale of two cities: Japanese FDIs in Shanghai and Beijing, 1979-2003,” International Business Review, 16 (2), 207-228. (Best Paper Award at International Business Review 2007) (SSCI)
          • X. Ma*, X. Yao and Y. Xi (2006), “Business group affiliation and firm performance in China’s transition economy: A focus on ownership voids,” Asia Pacific Journal of Management, 23(4), 467-483. (SSCI)

          Other Publications

          • Y. Wang*, K. Wang and X. Ma (2016), “Understanding international business negotiation behavior: Credible commitments, dispute resolution, and the role of institutions,” International Negotiation, 21(1), 165-198.
          • X. Zhang, X. Ma and Y. Wang* (2012), “Entrepreneurial orientation, social capital, and the internationalization of SMEs: Evidence from China,” Thunderbird International Business Review, 54(2), 195-210. (Best Paper Award at 4th China Goes Global Harvard Conference)
          • A. Delios* and X. Ma (2010), Strategy and management of business groups. In Colpan, A.M., Hikino, T., & Lincoln, J.R. (eds), The Oxford Handbook of Business Groups, Oxford University Press.
          • A. Delios* and X. Ma (2010), “China is undergoing a transformation…Yet again,” Ivey Business Journal, 74(1), 1-12.
          • X. Ma (2006), “Beyond transaction cost determinants: An integrated framework for export intermediary selection in emerging economies,” Advances in International Marketing, 19, 25-53.
          • X. Ma and J. Lu* (2005), “The critical role of business groups in China,” Ivey Business Journal, 69(5), 1-12.
          • 吴晓松、马旭飞、江俊毅、黄伟（2022）, “数字化时代新岗位–数字化项目集群经理, ” 哈佛商业评论（中文版）, 7, 124-129.
          • 吴晓松、马旭飞、黄伟、江俊毅（2022）, “让数字化转型战略软着陆–项目集群管理,” 清华管理评论, 1, 5-9.
          • 吴晓松、马旭飞、江俊毅、黄伟（2022）, “数字化项目集群管理地图,” 中欧商业评论, Oct Issue, accepted.
          • 黄伟、吴晓松、马旭飞, “大数据情景下复杂系统管理决策的综合集成方法与应用研究初探,” 管理世界.
          • 刘阿祺、马旭飞（ 2021）,”天使投资3.0：创新驱动与生态构建,” 清华管理评论, 6, 6-13.
          • 马旭飞、吴冰（2017）, “无依赖,不摆脱：中国企业国际化的“套路”。” 清华管理评论, 7/8, 65-73.
          • 马旭飞、王阳雯（2018）, “无制度,不企业。” 管理学季刊, 1, 31-39.
          • 马旭飞、杨慧（2015）,《互联网时代新战略全景》, 经济管理出版社
          • 杨慧、马旭飞（2015）,《互联网时代的新创客》, 中信出版社
        • Grants
          • Start-up Grant awarded by School of Economics and Management, Tsinghua University # 110000247, Sep 2020-Aug 2022 (PI)
          • Start-up Grant awarded by Shenzhen International Graduate School, Tsinghua University # 07010300001, Sep 2020-Aug 2022 (PI)
          • Basic Research Grant awarded by Shenzhen International Graduate School, Tsinghua University # 07010100001, Sep 2020-Aug 2023 (PI)
          • Foreign Direct Investment and the Founding of Local Startups awarded by City University of Hong Kong #9380098, Jan 2019-Dec 2020 (PI)
          • “Whether and How: The Influence of Chair-CEO Pair on Firm Performance”, City University of Hong Kong #7005388, Jan 2019-Aug 2021 (PI)
          • “Business Group CSR Reputation and the Value of Affiliates”, City University of Hong Kong #7005199, Oct 2018-Sep 2019 (PI)
          • “Multinational Corporations’ Local Expansion Pace, Weight, and Consequent Public Crises in a Large Emerging Market”, UGC-GRF # 9042756, Jan 2016-Dec 2017 (PI)
          • “Resource Dependencies, Siblings, Partners, and Emerging Market Firms Cross-Border M&As'”, UGC-GRF # 2170230, Jan 2015-Dec 2016 (PI)
          • “Organizational Learning and Export Performance of Chinese Private Firms”, CUHK #4057063, Jan 2015-Dec 2016 (PI)
          • “How much does CEO matter to Chinese listed companies’ performance?”, CUHK #4057042, Oct 2013-Oct 2015 (PI)
          • “Antecedents and Consequences of the Establishment of Host Country Headquarter in Large Emerging Markets: Evidence from BRIC Countries”, UGC-GRF #2170190, Jan 2012-Dec 2014 (PI)
          • “How Much Does Subnational Region Matter? Evidence from MNCs’ Subsidiaries in China”, CUHK #2070457, Jan 2011-Dec 2012 (PI)
          • “Hong Kong or Singapore? Strategic Location Choice of Chinese Multinational Firms’ Asia Regional Headquarters”, CUHK #2190228, Sep 2010-Jun 2012 (PI)
          • “Why do some Chinese firms choose Hong Kong as their Asia regional headquarters?”, Hong Kong Institute of Asia Pacific Studies, CUHK #6902863, Aug 2010-Jun 2012 (PI)
          • “Host Country Headquarters and an MNE’s within-country diversifications in a Large Emerging Market”, CUHK #2070406, Dec 2008-Nov 2010 (PI)
        • Awards & Honours
          • Cheung Kong Chair Professor, Ministry of Education, China, 2021
          • Silver Medal, Journal of International Business Studies (a UTD journal) 50th Anniversary Contributions Award, 2019
          • Dunning Fellow, John Dunning Center for International Business, Reading University, 2017
          • Haynes Prize for the Most Promising Scholar, Academy of International Business, 2006
          • Best Reviewer Award: Academy of International Business, 2012 and 2014
          • Best Reviewer Award: International Associate of Chinese Management Research, 2014
          • Faculty Teaching Awards, CUHK Business School
          • The Best Paper Award at International Business Review (SSCI), 2007
          • Winner of the Best Student Paper Award, Asia Academy of Management, 2006
          • PI/Co-I: about US$1 million of research grants from Tsinghua, CityU, CUHK, GRF, NSFC
          • Shenzhen Overseas High-level Talent Certificate, 2021
        • Academic/Professional Services
          • Area Editor, Journal of International Business Studies, 2023-2025
          • Senior Editor, Management and Organization Review, 2021-2022
          • Senior Editor, Asia Pacific Journal of Management, 2022-2022
          • Area Editor, Quarterly Journal of Management, 2016-2021
          • Special Issue Editor, JIBS (UTD), JMS (FT), APJM (SSCI)
          • Editorial Board, JMS, JWB, GSJ, APJM
          • Member, Conference Program, Chinese Academy of Management Meeting, 2021
          • Track Chair, Asia Academy of Management Meeting, 2021-2022
          • PhD Symposium Chair, SMS Special Conference, Hong Kong, 2016
          • Chair, Junior Faculty/Doctoral Consortium, AAOM Conference, Hong Kong, 2015
          • Track Chair, European International Business Academy, Leeds, 2019
          • Director & Treasurer, Asia Academy of Management (AAOM), 2015-2018
          • Independent Director, Western Trust Co., Ltd., 2016-2022
          • Independent Director, Beijing Urban Construction Design & Dev Group Co. Ltd, 2019-2022
          • Independent Director, Tu Ba Tu Group Co., Ltd, 2020-
          • Host Organizer, China Angel Investors Conference, 2018
          • Co-Secretary-General, Chinese Management Model C50+ Forum, 2017-
          • Co-Chairman (elect), Chinese Management Model C50_ Forum, 2024
          • Co-Chairman and Co-Founder, Greater Bay Area Senior Scholar College, 2021-

        Karhade, Prasanna

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          Biography

          Prof. Prasanna Karhade joined the CUHK Business School as an Associate Professor in the Department of Decisions, Operations and Technology in August 2022.

          Prof. Karhade is interested in digital innovation, design thinking and entrepreneurship. His research has been published in MIS Quarterly, Information Systems Research, and Journal of Management Information Systems.

          He has currently started an ambitious research programme on micro-financing in GREAT (growing, rural, eastern, aspirational, and transitional) economies. Prof. Karhade loves hiking, poetry & meditation. Prasanna means happiness and so there is no incorrect way to pronounce Prasanna — as long as you do it with a smile.

          Teaching Areas

          Digital Innovation
          Entrepreneurship
          FinTech

          Research Interests

          Digital Innovation & Entrepreneurship
          Digital Platforms & Decolonization
          Governance & Control of IT in Family Business

          • Publications and Working Papers

            Digital Innovation & Entrepreneurship

            • Karhade, P. and Dong, J.Q. (2021), “IT Investment & Commercialized Innovation Performance: Dynamic Adjustment Costs and Curvilinear Effects,” MIS Quarterly, 45(3), 1007-1024.
            • Karhade, P. and Dong, J.Q. (2021), “Innovation outcomes of the digitally enabled collaborative problemistic search capability,” MIS Quarterly, 45(2), 693-718.
            • Dong, J.Q., Karhade, P., Rai, A., and Xu, S.X. (2021), “How Firms Make Information Technology Investment Decisions: Toward a Behavioral Agency Theory,” Journal of Management Information Systems, 38(1), 29-58. [Authors listed alphabetically.]

            Digital Platforms & Decolonization

            • Kathuria, A., Karhade, P., and Konsynski, B.R. (2020), “In the realm of hungry ghosts: Multi-level theory for restaurant participation in food delivery platforms,” Journal of Management Information Systems ,37(2), 396-430. [Kathuria A. and Karhade P. are both co-first authors.]
            • Karhade, P. and Kathuria, A. (2020), “Missing Impact of Ratings on Platform Participation in India: A Call for Research in GREAT Domains,” Communications of the Association for Information Systems, 47(Article 19), 364-381. [Both authors are co-first authors.]

            Governance & Control

            • Karhade, P., Shaw, M.J., and Subramanyam, R. (2015), “Patterns in Information Systems Portfolio Prioritization: Evidence from Decision Tree Induction”, MIS Quarterly, 39(2), 413-433.
            • Susarla, A., Subramanyam, R., and Karhade, P. (2011), “Contractual Provisions to Mitigate Holdup: Evidence from Information Technology Outsourcing,” Information Systems Research, 21(1), 37-55.
            • Kathuria, A., Karhade, P., Ning, X., and Konsynski, B. “Blood and Water: IT Investment and Control in Family-Owned Businesses,” Journal of Management Information Systems, Accepted.
          • Grants
            • “Search for Innovation: Integrating the Behavioural Theory of the Firm with Agency-Theoretic Explanations”, awarded by, Research Grants Council (RGC)of Hong Kong with HK$717,470, 2018-2021
            • “IT Assets and Firm Innovation Output: An Empirical Examination”, awarded by Research Grants Council (RGC) of Hong Kong with HK$ 215,670, 2012-2014
          • Award & Honours
            • Excellence in Teaching Award Nomination, University of Hawaii, 2020
            • Dean’s Recognition of Excellent Teaching Performance, Hong Kong University of Science and Technology, 2013-14
            • Dean’s Recognition of Excellent Teaching Performance, Hong Kong University of Science and Technology, 2014-15
            • List of Teachers Ranked as Excellent by Their Students, University of Illinois at Urbana Champaign, 2006
            • List of Teachers Ranked as Excellent by Their Students, University of Illinois at Urbana Champaign, 2007

          Li, David Shu Wing（李澍榮）

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            Biography

            David has over 34 years of working experiences in the US and the Greater China region covering a wide spectrum of industries. From 1994 to 2016, David worked in China managed regional business for multi-nations corporations in the IT area, Fashion Retailing and the MedTech sector. In 2013, David founded his own boutique consulting company focused on helping companies entering the China market, as well as building a strong foothold for the established companies to excel in China. The strategic focus for David is in the area of M&A advisory and board governance, David had been appointed as the Independent Non-Executive Director for AK Medical Holding Co. (HK1789) since the company was listed at Hong Kong Exchange in 2017. David obtained DBA degree and MABR degree from SBS Swiss Business School, MBA from Chaminade University and BBA from University of Hawaii, in addition, David also attended executive programs from INSEAD and Harvard University.

            Since 2020, David assumed the role of mentor in The Hong Kong Polytechnic University, HKSTP, and Cyberport in providing coaching and mentorship for MedTech start-ups in Hong Kong. Moreover, David also assumed presidency of a non-profit organisation, Greater Bay MedTech Association, for promoting the development of MedTech business within the Greater Bay Area.

            Teaching Areas

            Global Business
            Lean Strategy
            Entrepreneurship

            100% of Undergraduates Have Global Experience