On October 21, Fudan Management Forum & awarding ceremony of Fudan Premium Fund of Management 2019 was held in Shanghai.
Fudan Award for Lifetime Achievement in Management Science was awarded to Zhao Chunjun, professor from School of Economics and Management, Tsinghua University, and Honorary Chairman of the Chinese Academy of Management.
Fudan Prize for Eminent Contributions to Management Science was shared by Jia Jianmin, Presidential Chair Professor of Shenzhen Finance Institute and the Chinese University of Hong Kong (Shenzhen), and Yang Baiyin, Chair Professor of Tsinghua University School of Economics and Management.
Fudan Prize for Eminent Contributions to Business Management went to Lei Jun, founder, chairman and CEO of Xiaomi.
Founded in 2005 by Li Lanqing, an alumnus of Fudan University, Fudan Premium Fund of Management is the first awarding foundation in management established by the Chinese.
In 2013, Ren Zhengfei was awarded the Management Excellence Award. Since the establishment of the Enterprise Management Outstanding Contribution Award in 2014, Zhang Ruimin, Ma Yun, Liu Chuanzhi, Ma Huateng, Dong Mingzhu and Lei Jun have won the awards.
Professor Zhao Chunjun, winner of Fudan Award for Lifetime Achievement in Management Science, is a management scholar, educator and one of the pioneers of China’s MBA education. He takes the lead in theoretical research and application of the modeling and optimization of national economic planning, in light of the dynamic input-output model. He has also applied the theory of decision support system to regional development planning.
Zhao has long been committed to the study of Chinese management education. Based on industrial and commercial management practice in China and advanced ideas and experience abroad, he has studied and expounded the structure, research methods and trends of business administration. He has also contributed to the layout, promotion and popularization of the discipline as well as the standardization of education.
Professor Jia Jianmin, one of the two winners of this year’s Fudan Prize for Eminent Contributions to Management Science, is an expert in the research of decision analysis, consumer choice and risk management. He is the first to propose the preference-independent measures of standard risk and perceived risk in the field. He has come up with the integrative risk-value theory and model, develop generalized disappointment models and generalized utility model of disappointment and regret effects, and applied these models to establish a more feasible measure of consumer value. He has noticed the attribute conflict in decision-making and its effects on consumer preference uncertainty and other decision-making behaviors.
Jia has also built a comprehensive Bayesian model on service quality, which helps predict consumer decisions based on evaluation of quality in a competitive market. The model is also used in e-commerce recommendation engines to better satisfy the need of consumers. Making use of big data and empirical investigation, Jia has revealed people’s risk response and communication behavior. He has also constructed a psychological behavior assumption model in crisis scenarios, which enlightens policy-making in calamities such as earthquakes, SARS and smog.
This year, Fudan Prize for Eminent Contributions to Management Science also went to Professor Yang Baiyin for his contribution to the research on Chinese management and leadership development, the holistic theory of knowledge and learning as well as the concept of learning organization. Yang’s belief that leadership and organizations in China are under the combined impact of three cultural forces and approaches, has provided a systematic framework for analyzing management theories and practices in China against the backdrop of globalization. Taking Chinese organizational culture into account, Yang has validated an instrument measuring intragroup conflict and delved into the idea of group leadership.
Yang proposed from a philosophical perspective three interrelated facets that involves explicit, implicit, and emancipatory knowledge, demonstrating the practical value of the holistic theory in human resources management, knowledge management and strategic management. What’s more, he has developed the tool “Dimension of Learning Organization Questionnaire (DLOQ)” to assess the learning practices in different organizations. DLOQ has been translated into 7 languages and widely adopted around the world. Yang has, in addition, confirmed the positive impact of learning organization on accounting performance, and constructed a measure of managerial coaching skills.
Fudan Prize for Eminent Contributions to Business Management was granted to Lei Jun, CEO of Chinese high-tech company Xiaomi. Under his leadership, Xiaomi is committed to quality products and refreshing service philosophies. Xiaomi’s unprecedented mobile phone ecosystem features high efficiency and good customer experience. Its new generation of smart gadgets, is awed and welcomed by customers, which is sure to bring new impetus to the update of mobile Internet and transformation of traditional manufacturing. Lei inspires future entrepreneurs with his unprecedented business mode in an era that champions efficiency and digitalization.
