The International Module at FIU -The Alvah H. Chapman, Jr., Graduate School of Business
The EMBA Consortium for Global Business Innovation is an important component in the redesign of FIU’s Executive MBA. The new EMBA curriculum replaces 13 three-credit-hour discipline specific courses with 4 eight-credit-hour themed courses: navigating in a globalizing world; creating economic and social value; creating process that deliver economic and social value; and, developing and implementing corporate strategies. The new curriculum also includes a series of innovative one-credit-hour Leadership and Innovation courses that act as threads to bind together and bring focus to the eight-hour interdisciplinary courses as those courses address a variety of complex and ambiguous issues senior manages typically face.
The Consortium Week programs offered by our partner schools are opportunities for our students to expand their research horizons for their required Innovation Projects while living in and learning from different markets, teachers, colleagues, companies, government institutions and cultures.
Those students who elect to join our Consortium Week program will learn about the trends that are driving business opportunities in Miami, South Florida, and may regions of the world and how companies are using innovation to translate these drivers into opportunities. Visits with executives in the health care, cruise lines, cultural arts and real estate industries provide examples of how these innovative industries are changing Miami into a World-Class City.
Globally recognized faculty will present the interactive lectures. Faculty in the Hollo School of Real Estate have been ranked Number 1 in the United States and Second globally in academic real estate research in a recent issue of the Journal of Real Estate Literature. More important, the program will take advantage of the accessibility of industry leaders and existing examples of real estate, leisure and luxury living components.
Miami is home to a substantial number of residential projects marketed to and sold in the global market where buyers are non-locals (“export” or foreign buyers) and readily pay purchase prices at the highest levels in the country and within North and South America. The top tier development firms have revenues in the billions of dollars and serve a global market. They are marketing a “brand” to the global community. Even as the location is permanent, the buyers come from “export” or “foreign” markets and the income and wealth related to these properties is external to the market, which is essential for base economic activity: activity that brings income and wealth into a city or region.
Property and Corporate Tours
Daily tours of exemplary projects associated with luxury real estate and a potential cruise ship visit will be provided. Potential tours include Aventura Park Square, a 250 million dollar mixed used lifestyle center developed by a Brazilian American firm, the Miami Design District (a multi-billion dollar redevelopment area) including a presentation with DACRA, the lead developer of this global luxury destination, tour and meeting with executives from the Related Group, one of the largest global luxury residential development firms, and additional tours of under construction and newly built luxury residential product. Finally, a tour of and meetings related to Brickell City Center, a one point five billion dollar mixed used luxury development.
Tours will highlight the integration of luxury branding, high-end design and the development of a global market. Developments include luxury amenities and co-branding with luxury lines and brands: for example, Armani and Porsche are branded as real estate and lifestyle brands. Typical tours include Aventura Park Square which is a livable, green lifestyle center marketed to the global market that affords an integrated lifestyle including healthcare, luxury residential, seniors housing and retail all related to the affluent Aventura market. The development firm has built similar product in the US and other countries. The Miami Design District is dominated by DACRA, which is the leading development firm in the district, and includes investments from LVMH’s L Real Estate private equity fund. DACRA has and is transforming a neglected industrial area into a global lifestyle area focused on luxury brands and related lifestyle options. The Related Group, founded by Jorge Perez, is a global development firm synonymous with luxury living and lifestyle. While it is a diversified company with revenues in the billions of dollars per year and a pipeline at more than $10 billion, it is one of the original luxury development firms. The firm integrates architecture, art and design in the luxury market. Another expected tour is Brickell City Center, which is a developed by Swire and is again a mixed-use lifestyle center marketed globally and providing an integrated sense of place for residential, retail and office product. A related tour will also focus on how the cruise industry in Miami is the global center of the cruise industry, uses experiential interaction in creating a memorable experience. The operational components of providing high-end services in the industry will be highlighted and addressed.
Vision and Career Expanding Outcomes
At the end of the program, students will evaluate a market’s leisure and luxury living potential. Students will understand how real estate and leisure can be part of the economic base (export activity) of a city or state. The goal will be to objectively assess market potential, barriers to creation and the necessary framework and infrastructure for likely success. In essence, can one derive a luxury strategy (why or why not) for a product type(s) and at a specific location? What are the essentials for implementation? The program participants will also integrate the decision-making framework into their overall human capital. The executives and managers in this program will recognize the entrepreneurship and application of business skills required in markets promoting leisure, luxury lifestyles and service economies. The participants will see how these activities are related to growth not only in Miami, but in places like Singapore and Panama City, Panama. Lectures and Academic Presentations The lecture series will address economic base analysis and how real estate, leisure activities and business services are linked. While real estate has traditionally been considered a tertiary activity, not related direct to the creation of base economic activity, the lectures will highlight how this has changed and how certain markets, especially those addressing global elites can benefit. The fundamentals of real estate supply and demand, as well as growth in the high-net-worth households are addressed. How the market has responded to the technological and marketing opportunities related to an affluent class that can control leisure and work environments will be addressed. If your wealth and work environment are portable, how and where and with what required amenities and legal structures become relevant.
Saturday, September 16th:
Sunday, September 17th:
Company Visit: Norwegian Cruise Line (NCL) Visit & Lunch
IMPORTANT: Do not forget your passports for this visit. Security clearance required. Evening: Program Orientation at FIU Welcome Dinner
Monday, September 18th:
Lecture: "Design Thinking - Innovation in Luxury Living" – Dr. Miguel Carrillo Afternoon: Company visit: Aventura Park Square
Aventura Park Square is a livable, green lifestyle center marketed to the global market that affords an integrated lifestyle including healthcare, luxury residential, seniors housing and retail all related to the affluent Aventura market. The development firm has built similar product in the US and other countries.
Evening: Free, Dinner on your own
Tuesday, September 219th:
Debrief: Reflection on Day with Dr. William Hardin
Lecture: "Economic Base" - Dr. William Hardin
Lunch at Nikko by Sunshine (walking distance)
Company visit: The Miami Design District, DACRA The leading development firm in the Miami Design District and includes investments from LVMH’s L Real Estate private equity fund. DACRA has and is transforming a neglected industrial area into a global lifestyle area focused on luxury brands and related lifestyle options.
Evening: Free, Dinner on your own
Wednesday, September 20th:
Debrief: Reflection on Day with Dr. William Hardin
Lecture: "Wealth and Luxury" - Dr. William Hardin
Lunch at Vapiano (walking distance)
Company Visit: Related Group
Founded by Jorge Perez, Related Group is a global development firm synonymous with luxury living and lifestyle. While the company is diversified and has revenues in the billions of dollars per year and a pipeline at more than $10 billion, it is one of the original luxury development firms. The firm integrates architecture, art and design in the luxury market.
Optional: FIU Campus Trip & Campus Shopping
Free, Dinner on your own
Thursday, September 21st:
Debrief: Reflection on Day with Dr. William Hardin
Lecture: "Digital Links to the Future" - Dr. George Marakas
Lunch at Cayena Miami (walking distance)
Company Visit: Swire - Brickell City Center
Developed by Swire and is a mixed use lifestyle center marketed globally and providing an integrated sense of place for residential, retail and office product.
Evening: Tentative: Mixer Free, Dinner on your own
Friday, September 22nd:
Afternoon: Presentations (7-10 minute team presentations) & Presentation of Certificates Evening: Closing Dinner
Saturday, September 23rd:
Optional Cultural Activities - please ask our staff for assistance with any travel interests Departures
Jorge Miguel Carrillo, Ph.D.
Miguel Carrillo has led a distinguished career in academia and industry. He is one of the most sought after experts in the area of Strategy and Innovation by governments across all continents, multi-lateral agencies. Most recently, he served as executive director at the Arthur Lok Jack Graduate School of Business in Trinidad and Tobago, a position he held since 2009. He is an award-winning professor of business enjoying over 22 years of teaching experience spanning 13 countries. He provides consulting services in the area of strategy to firms such as Ernst & Young, Coca Cola FEMSA, CEMEX, FEMSA Cerveza, Volkswagen, Pfizer, Novartis, and lately to Banco BBVA, AON, and Blue Waters. He has lectured in 14 different countries including China and India, and he has been a visiting lecturer at MIT, University of Massachusetts, HEC Paris, and University of Texas in Austin.
Currently, Miguel is Executive Director of Florida International University's Executive and Professional Education Department. Prior positions include Dean, Adolfo Ibanez School of Management, Miami Campus; Dean, School of Business, Monterrery Institute of Technology, Mexico; Finance Manager, Hewlett Packard; Association Consultant, McKinsey & Company.
He holds a Ph.D in Strategy from the joint PhD. Program of Concordia and McGill University in Montreal Canada. He has published in several international journals, and has been a lead researcher of the Global Entrepreneurship Monitor project in Chile, Trinidad and Tobago, Guyana, and Suriname. He is one of the most sought after experts in the area of Strategy and Innovation by governments across all continents, multi-lateral agencies. He also generously gives his time, knowledge and expertise to non-profit and non-governmental organisations.
William G. Hardin, Ph.D.
Dr. Hardin is the Director of the Tibor and Sheila Hollo School of Real Estate and the Director of the Jerome Bain Real Estate Institute.
Dr. Hardin has an extensive publication record in the top real estate journals. His work has been published in Real Estate Economics, Journal of Real Estate Finance and Economics, Journal of Real Estate Research, Journal of Real Estate Portfolio Management, Journal of Real Estate Practice and Education, Journal of Property Investment and Finance, International Real Estate Review, Journal of Property Valuation and Investment, Journal of Shopping Center Research, and Assessment Journal. He has also presented his research at major real estate and finance conferences including those of the American Real Estate Society, the Asian Real Estate Society, the American Real Estate and Urban Economics Association, and the Financial Management Association.
Dr. Hardin is co-editor of Journal of Real Estate Practice and Education and is an elected member of the board of directors of the American Real Estate Society. He also serves on the editorial review board of The Appraisal Journal. Four of his papers have won best manuscript awards at the annual American Real Estate Society meetings.
Prior to joining the faculty of Florida International University, Dr. Hardin held the Robert W. Warren Chair of Real Estate at Mississippi State University, where he directed both the real estate and construction management programs, and served on the faculty of Morehouse College in Atlanta, GA.
Suzanne represents national and international buyers and sellers on the purchase, sale and management of property and exercise of property rights. During the real estate boom, Suzanne was corporate counsel and project manager for a developer building large scale projects in Downtown Miami. In this role, Suzanne managed government relations, tenants, property tax appeals and the filing of condominium documents with the State of Florida. Previously, Suzanne practiced law in large law firms.
Currently, Suzanne provides real estate consulting and brokerage services to private clients; has provided real estate consulting services to the City of Miami Beach Office of Real Estate, Housing & Development and speaks frequently on the exercise of property rights to audiences around the world. Most recently, in July 2015, Suzanne delivered the Leadership Speech for the Hispanic National Bar Foundation Law Week in Washington D.C.
Suzanne is the Vice Chair of the City of Miami Beach Affordable Housing Advisory Board, appointed to the Board by the City of Miami Beach Mayor and City Commission. Suzanne sits on the Board of the Directors of Commercial Real Estate Women Miami – where she is the Education Director.
Suzanne is recognized publically for her excellence in real estate teaching and mentoring, winning the 2015 Best Course of the Year – Masters in International Real Estate Award, 2014 Finalist AXA Business Woman of the Year, Entrepreneur Category, 2014 Winner – Miami Dade Chamber of Commerce’s Thelma Gibson Award – Entrepreneur Category, 2013 Winner – Mentor of the Year- Commercial Real Estate Women, 2012 Winner, New Member of the Year, Commercial Real Estate Women. Suzanne taught Commercial Leasing and Commercial-Contract-to-Closing at New York University's (NYU) Schack Institute of Real Estate. In addition to her role teaching, serves as the official representative to the real estate community on behalf of FIU’s Jerome Bain Real Estate Institute.
George M. Marakas is a Full Professor of Information Systems and ISBA Doctoral Program Director at the College of Business Administration at Florida International University. His teaching expertise includes Systems Analysis and Design, Technology-Assisted Decision Making, Electronic Commerce, Management of IS Resources, Behavioral IS Research Methods, Business Intelligence, Data Mining, and Data Visualization and Decision Support. In addition, George is an active researcher in the area of Systems Analysis Methods, Data Mining and Visualization, Creativity Enhancement, Conceptual Data Modeling, Technology Acceptance, and Computer Self-Efficacy.
Dr. Marakas received his Ph.D. in Information Systems from Florida International University and his MBA from Colorado State University. Prior to his position at FIU, he was a tenured member of senior faculty at University of Kansas and the Kelley School of Business at Indiana University, as well as an assistant professor at University of Maryland and adjunct faculty member at Helsinki School of Economics. Preceding his academic career, he enjoyed a highly successful career in the banking and real estate industries. His corporate experience includes senior management positions with Continental Illinois National Bank and the Federal Deposit Insurance Corporation. In addition, George served as President and CEO for CMC Group, Inc., a major real estate development firm in Miami, FL for three years.
Throughout his academic career, George has distinguished himself both through his research and in the classroom. He has received numerous national teaching awards and his research has appeared in the top journals in his field including Information Systems Research, MIS Quarterly, and Management Science. He is also the author of five best-selling textbooks in information systems: Decision Support Systems for the 21st Century, Systems Analysis and Design: An Active Approach, Data Warehousing, Mining, and Visualization: Core Concepts and Management Information Systems and Introduction to Information Systems with Professor James O’Brien. He is currently working on a three book series focusing on IT audit and risk management.
10 minute walking distance to FIU
Single Occupancy- Aloft King
$119/night + taxes/hotel fees
(Breakfast + WiFi included)
Double Occupancy- Aloft Suite Queen
Rate Expiration: Last day to make reservations at this rate is August 17, 2016. If you prefer to call and make the reservation over the phone, please use the reference group code FI17AA Transportation: Shuttle service will be provided for both hotels for all programmatic agenda events.
Dec. 4, 2012 – EMBA Consortium expands international learning experience