Stony Brook University Business Management

  On May 29th, Wednesday, 2019, the third BUS Seminar - INSIGHT Distinguished Speaker Series- was held. In this seminar, Professor Jaeyeong Lee came to gave us a speech about military R&D in Korea and its application. In this talk, one of the R&D results executed in South Korea was introduced. Software systems that evaluate a weapon’s effectiveness prior to its development as a UGV (Unmanned Ground Vehicle) in the future was also shared. The scope of the talk started with an overall explanation about a weapon acquisition procedure called SBD (Simulation-Based Development), and followed with the results from a simulation software called ABMSim (Agent-Based Modeling and Simulation). During the talk, a couple of examples derived from the evaluation of UGV’s effectiveness in an NCW (Network Centric Warfare) environment set on future battlefields was reviewed.

  On April 10th, Wednesday, the Business Management Department held its second INSIGHT Distinguished Speaker Series with Dr. Ogan Gurel, Visiting Teaching Professor in DGIST. Dr. Gurel gave a speech about “The Future of Health & Beauty.” In his speech, he emphasized the importance of information technologies and biomedicine for the revolutionary new technological possibilities in health and beauty industry. Moreover, he further encourages us to explore not just the technologies in healthcare and beauty, but also the deeper societal implications. Thank you all for coming and showing your support. We also thank for the speaker for coming and giving us this great seminar.

  On April 5th, twenty SUNY Korea students and faculty took a break from studying to attend the Seoul Motor Show at the KINTEX convention center in Ilsan.  The Business Management Department and the Center for Global Entrepreneurship covered the cost of tickets, the private bus transportation, and snacks for the trip.   At the Motor Show, students and faculty were exposed to over a hundred car models and concept cars from about twenty car manufacturers.  Hyundai, Kia, Genesis, Mercedes, Jaguar, Porsche, and BMW were among the name brands.  The latest technologies, including Hyundai's solar car roofs and Kia's autonomous driving pod concept, were on display.   In addition to the new cars, dozens of automobile suppliers and vehicle manufacturers (like motorcycles and recreation vehicles) also had booths, showcasing technical products like brakes or top-of-the-line services like interior tuning.  

INSIGHT Distinguished Speaker Series #1 “Hyundai’s Venture Capital and the Korean startup ecosystem: a personal take”   On March 20th, Wednesday, Business Management Department held its first INSIGHT Distinguished Speaker Series with the speaker Mr. JungJin Lee, Deputy General Manager at Hyundai Venture Investment Corporation   In his speech, Mr. Lee described the current ecosystem for Korean startup by emphasizing venture capital business based on his own experience as a venture capitalist and an entrepreneur prior to joining Hyundai’s VC arm. He also encouraged the students to be more aware of venture capital as it nurtures startups by providing timely funding and also helps startups to expand their business by proposing new business strategies.   Thank you all for coming and showing your support. We also thank the speaker for coming and giving us this great seminar.

  On November 21st, 2018, BUS department held its third BMS (Beautiful Mind Speaker) lecture series with the speaker Mira Kwak, the founder and President of Art Chaosmos.  The main topic was a future driven by transhumanism. In this talk, she emphasized that individual humans will struggle with balancing independence and solidarity, while society must simultaneously support inclusiveness and impartiality. She said that within Transhumanism movement, these values can be enabled with the technologies. And also, as a computer scientist, she introduced her unique vision of Smart Environments, where artificial intelligence is woven into how we work and live.  Thank you for coming and showing your support. We also thank for the speaker for coming and giving us this great seminar. This was the last BMS seminar in Fall 2018. BMS seminars will continue to hold place in Spring 2019, too! :)

  On November 7th, 2018, BUS department held its Mid-Semester Gathering.  We took the time to come together and shared fried chicken. We also had a short information session for the upcoming semester.   Department Chair Jin-Wan Cho shared couple of important announcements regarding the course registration and course schedule for the Spring 2019 and internship during the winter.  After, we played fun games to give prizes that the department has prepared.  Thank you, everyone, for coming to this event! Hope to see more students involved in the next gathering. 

  On November 10th, 2018, BUS Department hosted its 3rd outing. This time, we decided to go helping harvesting Korean cabbages at Peace House as community service. We first met at school then went to the location together. After we got to the location, Peace House, we had fun time to harvest cabbages and to carry them. Although cabbages were heavy and harvesting was not easy, it was meaningful to help the volunteering organization and to get to know each other and spend time together. After, we walked down the street to eat Korean BBQ. We spent a lot of fun time together talking and spending time with each other.  We hope to see more of the students engage in the fun activities planned for the upcoming outings!

  On November 2-4, 2018, BUS Department hold Startup Camp Program with IBITP. During this camp, the students were encouraged to pitch their ideas, form teams, discuss, and finally create a complete overview for their own startup. Mentor professors were all around to help students and to give helpful advice, and all students successfully presented their final products. There were total of 16 teams, and among those 16 teams, 6 teams were selected as final candidates. Their products will be sent to Technopark, and two of them will be selected to get sponsor! And the winners of the camp were: Grand Prize: inHanguk Grand Prize Runner-Up: MOA Special Recognition: Who's In Congratulations for all the winners and final candidates, and thank you, everyone, for showing such a great support for this event.   

  On October 17, 2018, BUS department held its second BMS (Beautiful Mind Speaker) lecture series with the speaker Abroon Qazi, the assistant professor at SUNY Korea Business Management.  The main topic was risk management, which is considered as a vital process contributing to the successful outcome of a complex construction project in terms of achieving the associated project objectives. According to the lecture, The widely used industrial practice in managing construction project risks is to assign probability and impact values to each risk and to map risks on a risk matrix. The main criticism of this practice relates to ignoring complex interdependencies between risks and using point estimates for probability and impact values. Furthermore, Utilizing a data driven Bayesian Belief Network methodology, we introduce a new process where the risks mapped on a risk matrix corresponding to each project objective are aggregated and modelled as a risk network, and a holistic impact of each risk is captured across the network by means of new risk measures. Thank you for coming and showing your support. BMS seminars continue to hold place. We look forward to see more students to be in this event! :)

  On September 19, 2018, BUS department held a BMS (Beautiful Mind Speaker) lecture series with the speaker Kyung Kyu Kim, the research professor at SUNY Korea Business Management.  The main topic was AI platform, and especially "Alexa." He talked about the AI platform and its industry and how winners will be chosen in this field. According to the lecture, AI platforms that achieve scale and scope will have a natural advantage. The more a platform can do reliably and well, the more loyal users will be to it. Over time it will learn consumers’ preferences and habits, which will AI platforms sticky. Advantages will accrue mostly to just a few large platforms. BMS seminars continue to hold place. We look forward to see more students to be in this event! :)

On September 12th, 2018, BUS department held its First Semester Gathering for Fall 2018. We took the time to come together and shared pizza and chicken. Faculty members shared important information and useful tips especially for newcomers. It was a great chance to get to know each other! 

  On June 11th, 2018, BUS department held its End-of-Semester Gathering.  We took the time to come together and shared pizza and chicken. We also had a look on the activities that we did over the whole semester in a slideshow format.  Department Chair Jin-Wan Cho shared couple of important announcements regarding the visitation to Stony Brook as well as the changes to the course schedule in the upcoming semester for the BUS department. He also announced the finalists from MOES. We congratulated them for their entrepreneurial spirit. BUS department encourages all the activities that are done by the students in these extra-curricular activities. Also, the information was shared regarding the IBITP internship over the summer.  After, we played games to give prizes that the department has prepared.  We hope each and every student will do fantastic on their finals! Good luck! 

Monthly Ongoing Entrepreneurship Symposium, MOES, is a monthly series of events that gathers entrepreneurial spirited students to present their start-up ideas. On June 8th, 2018, Business Department held its first Final MOES, with two final candidates.  Special thanks to Professor Chihmao Hsieh to organize this event, as well as Professor Sungjoon Nam and Department Chair Jin-Wan Cho to judge this at this event. Special congratulations to the Final candidates, Caysie Reuter and Gyu Hyun Byun.  These young entrepreneurs submitted their half page idea to entrepatsunyk@gmail.com in order to compete. Business Department will continuously hold these events in order to give valuable experiences to students. We hope more students take charge and partake in such great events.   

  On June 1st through June 3rd, 2018, SUNY Korea held its second Start-up weekend by the lead of the Business Management's Research Professor, Chihmao Hsieh. The topic of this semester's start-up weekend was Fashion Innovation. There were total of 11 teams that participated in this event who came from the Computer Science Department, Fashion Business Management Department and Business Management Department from SUNY Korea. There were also participants who came outside of IGC to participate in this event.  The judges of this event were Robin Baxter (Department Chair of Fashion Business Management), Lisa Donofrio-Ferreza (Department Chair of Fashion Design), and Selina Kang from LG Fashion. And the winner for this year's Start-up Weekend Incheon: Fashion Innovation was team FRTM with an innovative design of the fitting room.  Thanks to all the participants who participated in this event, also thanks to all the mentors who helped out at the event as well as the organizers. Hope to see more of the students at these events!

On May 23rd, 2018, BUS department held a BMS lecture series speaker Sungjoon Nam, the assistant professor at SUNY Korea Business Management. He talked about the impulsive purchases made during the investigating years and the rate of return caused by the impulsive cancellation. The data is still growing and there are more research to be done to have further knowledge of what do marketers do in order to drive the people to make impulsive purchases. The mind game still happens in our every day lives as we encounter this even in our close by grocery markets.  There is always a reason why item A is stored on shelf A and item B is stored on Shelf B. This is for the sake of the company's profits from analyzing the consumer buying behaviors.  Thank you for all the support you showed to the BMS Series. This puts the end on the BMS series for Spring 2018. We hope to see you next semester!