Southeast Asia

Julianne Dunn, “learning what you don’t want is even more important than learning what you do want”

Julianne Dunn working at the U.S. Embassy booth for the USAFair at Central World in Bangkok, Thailand
Julianne Dunn working at the U.S. Embassy booth for the USAFair at Central World in Bangkok, Thailand

As a joint MAIR/ECON student, Julianne Dunn continues to learn about U.S. economic interests in the world while interning at the United States Department of State in Washington, DC.

If you’re anything like I was, you might be trudging through your first year at Maxwell with a vague idea of the topics you’re interested in and might want to work on. When someone asked me what I was planning to do after graduation, I answered something along the lines of “I want to work on international trade policy in Southeast Asia.” I had very little idea what that actually meant, who I might be working for, or what I might actually do all day for the rest of my life. I spent a lot of time hoping no one asked. After taking on a summer internship and independent research project in Bangkok, Thailand, I not only have a clear idea of the career I want to pursue, but I even learned some skills that are helping me get there.

Through an internship at the U.S. Foreign Commercial Service (FCS) office, I was able to see what working in international trade actually looked like. With offices at embassies around the world, FCS seeks to represent U.S. business interests abroad. This includes helping small businesses export to new markets, and conducting “commercial diplomacy” to ease regulations and facilitate trade for U.S. companies. Through preparing briefs on particular market segments in Thailand for U.S. businesses wishing to export, compiling and editing the annual Country Commercial Guide, and researching and writing a proposal to open a new FCS office in Cambodia, I learned about the challenges facing U.S. companies while honing my professional research and communication skills. In addition, I worked with many of the local staff members to promote U.S. products and companies on social media. At embassy events, including receptions at the Ambassador’s residence, I was able to network with embassy staff, Foreign Service officers, and American and Thai business people. These interactions allowed me to better understand what living and doing business in Southeast Asia was really like.

The local staff and other American and Thai interns turned a good professional experience into a great personally fulfilling one. Through everyday interactions I learned about working with people in a different culture and how to adjust my communication away from the forward, often abrupt style that we use in the U.S. But my coworkers also became fast friends who taught me about their food, culture, and language. We took weekend trips together and exchanged cultural anecdotes. These interactions were fun, but also helped me along my path toward becoming a global citizen.

While I was in Thailand I also had the opportunity to work on an independent research project studying foreign direct investment in Cambodia, something that had just piqued my interest in my spring coursework at Maxwell. Working on the proposal for FCS allowed me to gain new perspectives and allowed me to connect with people who are working with foreign direct investors in Cambodia. I was even able to meet with some of these people in person during a trip to Phnom Penh. These experiences shifted my professional focus and helped me to redefine the direction I’d like to go after graduation.

There’s a huge pressure to intern somewhere you know you want to work after graduation. After all, internships often turn into jobs, right? But what if you don’t really know where you want to work after graduation? I certainly didn’t, but starting an internship in the region and field I was interested in couldn’t have been more helpful in setting me on the path toward my future. Ultimately, I’ve decided that working for the U.S. government on international trade policy isn’t for me. But sometimes learning what you don’t want is even more important than learning what you do want. Along the way, you might even pick up some new friends, professional contacts, and skills. The only way to find out is to jump right in.

Julianne-Dunn(2nd left)and coworkers in Ayutthaya Thailand
Julianne Dunn (2nd left) with coworkers & fellow interns in Ayutthaya, Thailand

Alex Jorgensen, Learning the Theoretical and Practical Side of Stewardship

Alex Jorgensen, MAIR student
Alex Jorgensen, MAIR/MSPR (Public Diplomacy) student

Alex Jorgensen is a Public Diplomacy student pursuing both a Master’s of International Relations at the Maxwell School and a Master’s of Science in Public Relations at the S.I. Newhouse School. He participated in the Singapore Summer Practicum.

Stewardship Asia Centre: A new thought leadership center in the East

This summer I had the opportunity to work at the Stewardship Asia Centre in Singapore. Stewardship Asia Centre (SAC) is known as a thought leadership center that looks to inspire businesses: family owned, state owned enterprises, investors, and nonprofits; to employ SAC practices with the long term in mind. This means that they conduct their business thinking about stakeholders as opposed to simply shareholders. Stakeholder theory is a broad theory, but in short it means that a business takes into account the environment, the community, the customer, and the shareholder or investor. This differs from the way many companies conduct themselves because most companies are looking to make a short-term profit that brings quarterly gains and keeps their shareholders at bay.

It is a widely held belief that this type of short-term profit chasing is what led to the Great Recession when mortgages were repackaged with high grades despite the fact that the homes were owned by people who could not afford the loans. This real estate bubble combined with the failings of the Lehman brothers and Arthur Andersen has led to sweeping changes and a Western focus on Corporate Governance. While corporate governance is seen as the first champion of long-term profitability, it still only focuses on a companies shareholders and is not as important to private corporations, nonprofits, and institutional investors who may see it as a checklist. Corporate governance serves as a list of boxes to check for public companies so that investors can claim ethical investment, but fails to see the larger picture that stewardship encapsulates.

Stewardship is a function of management. According to SAC, “Stewardship is the management of assets to which an organization has been entrusted so that they hand them on in better condition.” Good stewardship has a direct relationship with long-term return on investment. While good stewards may experience short-term pain, the long-term goals and core values of an organization drive them through temporary setbacks, into enduring prosperity. SAC spells out four elements that foster stewardship for companies:

  1. Conservatism in financing
  2. Sensitivity to the operating context – leaders are aware of the external world around them
  3. Cohesion and company identity – salient through all employees
  4. Tolerance for experimentation and outliers, which allows them to stretch their conception of what is possible.

These four elements create long-term vision and core values that empower employees to feel valued and become loyal to leadership in place. Stewardship as a business concept is new and only has been implemented with regulations in two countries, Britain and Japan (with failed attempts in Malaysia), Singapore is looking to be an early adopter of stewardship as it serves a lot of the philosophy of the Eastern world and lends itself to long-term profitability. Companies that have championed stewardship in the eyes of Stewardship Asia Centre include: Black Rock Investment, the Tata Group from India, and Singapore’s own government practices.

This internship taught me the theoretical side of stewardship and the practical side of running a start-up thought leadership center. Through sitting in on policy development, speech writing, curating content, press release writing, and event planning I learned practical ways to run a successful thought leadership center.

 Welcome Address by Hsieh Fu Hua, Chairman, Stewardship Asia Centre & UOB

Welcome Address by Hsieh Fu Hua, Chairman, Stewardship Asia Centre & UOB