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Thunderbird Designs Custom MBA Program for Electronics Company

GLENDALE, Ariz.—June 12, 2006—LG Electronics has announced it has contracted with Thunderbird, The Garvin School of International Management, to groom its next generation of top global managers through a multimillion-dollar customized MBA program that the school and its faculty designed for LG. The first 25 of a projected 150 (through 2010) hand-selected LG executives will graduate in Arizona June 24 with MBA degrees in international management, the announcement stated.

LG’s custom MBA program reportedly is Thunderbird’s first program customized for a corporation. “Once we met with LG executives and assessed their growth plans, we were able to design a program based on what training and skills they would need to take their company to the next level,” said Dr. Graeme Rankine, Thunderbird’s academic director of the program. “The program includes … cross-cultural communication, global political economy, regional business environment, innovation and entrepreneurship, as well business fundamentals part of every MBA. But we developed a solutions-based program by focusing the content on LG’s global strategy and vision, its products, industry, and competitors.”

Young-Kee Kim, executive vice president and head of the human resources division at LG, said the company is investing long-term in customized MBA programs to nurture talent and groom the next generation of top managers. The company reportedly has more than 72,000 employees working in 77 subsidiaries and marketing units around the world. “Today LG is truly a global company with 80% of its revenue generated outside Korea. We need to raise next-generation leaders to manage our enterprises all around the world,” Kim said.

www.t-bird.edu
www.lge.com

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