HONG KONG, 25 May, 2000 - BT (British Telecommunications plc) launched the BT Academy - Asia, a virtual academy
for BT and its family of alliances in Asia.
The virtual academy is a collaborative venture between BT and leading Asian business schools and training solutions providers, including those nominated by its alliance partners.
BT is also in dialogue with the Indian Institute of Management Bangalore as well as a number of other potential partners in Asia.
Among the business schools partnering in the Academy are the renowned Insead Academy in Singapore and Henley Management College.
"The Academy embodies BT's commitment to the family of alliances and to the region. It represents a significant investment by BT and is part of the value that we add to our alliance partnerships."
- Mr. Michael Thio
Director of ASEAN
The BT Academy is unique because it is Asia-oriented and reflects the unique business, cultural, and economic context in which Asian business operates. In addition, as a collaborative partnership between BT and leading business schools in the region, the Academy offers a distinctive combination of academic excellence and business/technology leadership to help business leaders to realise their full potential.
Mr Garry Griffiths, BT's Vice President for Human Resource will chair the steering group for the Academy which provides strategy and direction.
The Academy aims to mould and train executives' survival skills in the virtual economy.
The curriculum focuses on providing insights on the new leadership model for the Internet age, the issues of mergers and acquisitions, how to manage joint ventures, entrepreneurial skills as well as new wave technologies.
"The Academy is a long-term investment for BT. It demonstrates the company's commitment to Asia Pacific and Japan, as well as stipulates the company's vested interest in equipping its employees and family of alliances with management and technology education."
- Mr Griffiths
Being a virtual academy, its "campus" exists within the web environment.
In addition, BT Academy's learning philosophy leans on experiential and emphasizes the practical application of learning.
Hence, maximum use is made of work-based projects, coaching, and knowledge sharing to complement conceptual learning.
British Telecommunications plc is a global provider of telecommunications services. Its principal activities include local, long distance and international telecommunications services, mobile communications, Internet services and IT solutions.
In the UK, BT serves 28 million exchange lines and seven million mobile customers. International direct-dialled telephone service is available to more than 200 countries and other overseas territories.
BT is expanding its presence overseas and has operations in more than 30 countries worldwide.
BT and AT&T have also created Concert, a global telecommunications company serving multi-national business customers, international carriers and Internet service providers worldwide.
Concert provides customers with communications services, with the industry's broadest portfolio of voice, data and Internet services. Concert's frame relay network reaches every major city in the United States and the United Kingdom, and extends to an additional 170 cities in 47 countries. Its global public network reaches directly 237 countries.
In the year to March 31, 1999, BT's total turnover, including its share of its ventures' turnover, was £18,223m with a pre-tax profit of £4,295m including exceptional gains of £1,038m. Profit before these gains was £3,257m.