Management award set up 2006-10-12 08:55:03

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Management award set up
TWELVE domestic researchers and scholars were nominated for the country's first award for management theories, which was set up to wean China away from its current reliance on foreign management education concepts, officials said yesterday.

This was revealed during the Fudan International Management Forum, which kicked off in the city yesterday.

A panel of experts from both home and abroad will vote for the final prize winner and put it for approval in the media.

Twelve nominees, all of whom are professional researchers and university professors, were chosen from 66 applicants for the first Fudan Premium Fund of Management Award this year.

Candidates are required to put forward their own management theories relating to China's engineering management reality or Western management model's new applications in the country.

The final result would be announced on September 24-25. The top prize winner will get a 500,000 yuan (US$62,500) reward, while three runners-up will take home 100,000 yuan each, Fudan officials said.

Lu Xiongwen, deputy dean at Fudan's school of management, said that the award was set up to encourage more outstanding scholars from China.

"Lack of qualified faculty with both an international view and a Chinese practice has plagued the country's management education system," Lu said.

Currently, most business school faculty members in China took up their position after returning with a master's or a PhD degree from abroad.

Their practical business management experiences, however, were found to be minimal, Guo Chongyuan, a member of the Chinese Academy of Engineering, said in a keynote speech at yesterday's forum.



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