HKUST Business Review

4 LEGACY INSPIRES VISION FOR A CHANGING WORLD Professor Harry SHUM Council Chairman of HKUST 8 REFLECTIONS ON LEADERSHIP AND THE JOURNEY OF GROWTH Professor Nancy IP President and Morningside Professor of Life Science at HKUST 12 SHAPING THE FUTURE THROUGH VISION AND RESILIENCE Dr. Vincent LO Chairman of Shui On Group and former HKUST Council Chair 16 STAYING RELEVANT IN A WORLD OF RAPID CHANGE Andy TUNG Managing Partner of QBN Capital Limited and Chairman of the HKUST Business School Advisory Council 20 BUSINESS AT THE FRONTIERS: EDUCATING LEADERS, ADVANCING IDEAS Explore the full spectrum of the Business School’s educational offerings Business Unbound: 35 Years of Leadership, Innovation and Impact COVER 42 GROUNDED IN POSSIBILITIES DRIVEN BY PURPOSE School alumnus Dr. Samuel YUNG has dedicated his career to advancing professionalism, public service, and education 44 FROM RACETRACK TO BOARDROOM School alumnus TUNG Ho-Pin proves that reinvention is possible at any speed 46 DRIVING GROWTH AND INNOVATION IN THE WORLD OF INSURANCE School alumna Winnie WONG drives growth through staff empowerment and innovation 48 LEADING THROUGH CHANGE For School alumna Jeanette MAO, a willingness to take on new challenges has shaped her leadership journey 50 THE UNIVERSITY THAT RAISED US School alumnus Professor HUI Kai-Lung reflects on his unique path from pioneer undergraduate to academic leader 52 FROM CURIOSITY TO LEADERSHIP School alumnus Professor CHANG Xin looks back on how his time at HKUST shaped his leadership style and lifelong passion for learning 54 SHAPING AND PREPARING STUDENTS FOR A CHANGING WORLD Professor Albert IP, Chairman of the Business School's Career Development Advisory Council, shares his vision for helping students thrive in the global job market 57 REWIRING SUPPLY CHAINS FOR A DISRUPTED WORLD 58 STRENGTHENING HONG KONG’S EDGE AS A GLOBAL FINANCIAL HUB 59 DECODING BUSINESS STRATEGY IN THE AI ERA 60 SAFEGUARDING LEGACY: REIMAGINING FAMILY BUSINESS FOR A NEW GENERATION 6 1 ASIAN CASES, GLOBAL CLASSROOMS: BRINGING BUSINESS REALITY TO LIFE 35 th Anniversary Feature 26 WHEN AI IS THE BEARER OF BAD NEWS Professor Melody M. CHAO and PhD Graduate Jungmin CHOI Department of Management, HKUST Business School 30 THE HIDDEN COST OF ASKING FOR REVIEWS Professor WANG Jing Department of Information Systems, Business Statistics and Operations Management, HKUST Business School 34 THE REAL COST OF SPACS Professor Martin SZYDLOWSKI Department of Economics, HKUST Business School 38 CAN TRANSPARENCY BACKFIRE? Professor SHIN Dongwook Department of Information Systems, Business Statistics and Operations Management, HKUST Business School INSIGHT Insights and News from the HKUST Business School