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.

Address/Contact
FIU Downtown on Brickell
1101 Brickell Avenue, S1000
Miami, FL 33131
USA

Rosa Fuste
EMBA Program Manager
fuster@fiu.edu
+1-305-305-779-7958

Maria Sierra

Associate Director, Operations
sierram@fiu.edu
+1-305-779-7954

Website:http://emba.fiu.edu
Phone:1-855-348-EMBA
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The Economics of Wealth and the Industries that Benefit: Real Estate, Hospitality, Healthcare and Wealth Management

The world has seen an unprecedented, if uneven, expansion of wealth over the last two or three decades. The annual Knight Frank Wealth Report highlights widespread global wealth creation and outlines the products and lifestyle choices made by affluent households. Ultra-high-net-worth households and the global business elite rank Miami as a Top 10 global city, one recognized for its cultural and business diversity, its entrepreneurship, and its creativity. These factors have led to the creation of Miami’s affluent lifestyle market where its real estate, hospitality, healthcare and wealth management industries are innovating and adapting to market forces driven by global wealth. Miami, along with cities, such as Dubai, Hong Kong and Singapore, is developing its economic base to take advantage of its location and choice, as a global gateway city. Managing wealth and the provision of lifestyles and experiences demanded by an affluent world are part of the city’s economic base, are marketed on a global basis and are essential to the creation of the city’s international market for financial and business services. The International Week at Florida International University is focused on an affluent 21st century and the industries that benefit and offers:

  • An introduction to economic base analysis which identifies non-traditional economic drivers, including luxury real estate, healthcare and hospitality;
  • A primer on the wealth management industry and its extension to a global footprint;
  • Face-to-face discussion with entrepreneurs and developers of luxury residential projects marketed to global buyers, where multimillion dollars sales are the norm;
  • Site visits and evaluation of retail developments anchored by global luxury brands;
  • A site visit along with discussion with healthcare executives marketing services to the global affluent market;
  • Exposure to the experiential requirements and opportunities within the luxury hospitality industry; and
  • A framework to understand what constitutes “economic base”, “luxury living”, “affluence” and how to evaluate and assess opportunities in these markets.

Students will be immersed in Miami’s wealth management, real estate, hospitality and healthcare industries, which all benefit from the trend toward global affluence. By the end of the program, students will be able to: 

  • Articulate and assess a city’s or region’s economic base;
  • Understand and articulate the infrastructure required for creating economic base industries;
  • Identify the economic and legal prerequisites associated with ultra-high-net-worth households’ selection of location, business services, healthcare and leisure activities;
  • Explain how the global growth in high-net-worth and ultra-high-net-worth households will foster the expansion of the industries like real estate, wealth management, hospitality and healthcare;
  • Determine the demand drivers for luxury residential real estate and evaluate luxury retail opportunities, including development opportunities;
  • Articulate how “experiential” components are integrated into the affluent lifestyle environment;
  • Visualize and feel the affluent living environment;
  • Understand the role of entrepreneurship, innovation and creativity in developing affluent lifestyle activities that are an area’s actual economic drivers;
  • Identify other cities and city-states, such as Singapore, that have created a lifestyle and business framework that attracts global elites; and,
  • Identify any opportunities within their own cities and regions.

Participants will interact with the creators of Miami’s affluent environment with program delivery coming from interactive lectures, site and neighborhood visits and tours, interaction with industry leaders and principals involved in the creation of Miami’s affluent real estate, wealth management, hospitality and healthcare markets.

Faculty will present the interactive lectures. The faculty is globally recognized. For example, 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. Other faculty are recognized scholars. See the faculty bios section of our website.

More importantly, the program will take advantage of access to industry leaders and existing examples of the real estate, wealth management, hospitality and healthcare markets. 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. Concurrently, the city is a center for wealth management, where firms manage investments for the global affluent. Hospitality and healthcare services in Miami also have a focus on the globally affluent.  Students may come to look at these industries differently than in the past as many of these industries have not been seen as economic drivers, but can be in an affluent world, where distance is minimized and connectivity is optimized.

 

Cultural and Luxury Living Tours

Participants will potentially tour a subset of the following: the Perez Art Museum Miami, the Adrienne Arsht Performing Arts Center, the Frost Museum of Science and Technology, and the New World Symphony. See: www.pamm.org; www.arshtcenter.org; www.miamisci.org; www.nws.edu. As part of the development of the affluent market and reflective of the demands of the global market, the city’s public and private sectors have created four state of the art performing arts facilities over the last 10 years, designed by globally recognized architects and designers.

Participants will also tour/visit the Miami Design District (www.miamidesigndistrict.net) and the Wynwood Walls (http://www.miamiandbeaches.com/places-to-see/wynwood/wynwood-walls).  

Property Tours:

Tours of exemplary projects associated with the affluent real estate market will be provided. Anticipated tours include Aventura Park Square, a 250 million US dollar mixed used lifestyle center developed by a Brazilian American firm that includes residential, retail, hospitality and healthcare components, 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 finally a tour of and meetings with executives associated with Brickell City Center, a one point five billion US dollar mixed used luxury development. Tours will highlight the integration of luxury branding, high-end design and the development of a global market. All tours will include presentations from executives involved in the conceptualization of these projects, as well as their development.

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.

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.

Brickell City Center was developed by Swire out of Hong Kong and is again a mixed-use lifestyle center, marketed globally and providing an integrated sense of place for residential, retail and office product. The links below highlight prospective tours.

 

See the Links below:

www.aventuraparksquare.com

www.miamidesigndistrict.net

www.residencesbrickellcitycentre.com

Corporate Visits

Students will visit a healthcare provider, focused on the global healthcare market. Baptist Health, one of the largest healthcare services firms in Miami, will provide a tour of a one of its state of the art surgical centers. Managers will explain the services provided, while also outlining and detailing how the international market is developed.

A roundtable with wealth management executives will expose students to this industry. Areas of discussion include services, marketing and regulatory compliance. In short, what financial services do the affluent and wealthy need?

Executives from the hospitality industry will discuss trends in hospitality. Faculty from the Chaplin School of Hospitality will provide an overview of the high-end, global hospitality market. Executives will provide operational insights. Brickell Avenue, where the Florida International University EMBA Program is located, is synonymous with wealth management and international financial services. A tour of the offices of a major wealth management will also be provided.

Lifestyle Dinners:

Students will be able to independently partake in dinner options that include an introduction to unique neighborhoods exemplifying lifestyle neighborhoods. Specifically, participants will be introduced to the Lincoln Road, Brickell, and Little Havana markets. Background and history on these markets will be provided, after which, the participants may dine in these neighborhoods. Some of the dining opportunities throughout the week will follow a similar pattern of immersion in the affluent lifestyle.

Lincoln road has developed into one of the most expensive retail areas in the United States outside of New York and a few sub-markets in other cities. Participants will get a tour and market update and will then enjoy the area’s shopping, restaurants and nightlife. The area dominates the tourism sector and is part of the economic base.

Brickell has seen the creation of a high-end luxury market, based on international buyers. The area is in the midst of the delivery of 1000s of pre-sold high-end units and is developing its related retail and experiential neighborhood feel.

Little Havana is a gentrifying neighborhood that is home to Miami’s large Cuban population. For many, it is the heart of Miami even as it transitions to a new neighborhood.

Vision and Career Expanding Outcomes 

Students will evaluate and determine their own city or region’s economic base. They will identify the industries that drive their respective cities. Concurrently, they will assess growth prospects in the industries that drive their cities’ economies. They will know the economics of their respective regions/cities and will be able to identify challenges and opportunities.

Students will determine if their regions/cities have and or can develop industries that tap into the growth in global wealth. 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 an affluent market 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 industries that address affluent lifestyles and service economies. The participants will see how these activities are related to growth, not only in Miami, but places like Singapore and Panama City, Panama. 

Lectures and Academic Presentations 

The lecture series will address economic base analysis and how wealth creation, real estate, affluent activities and business services are linked. The first objective is to truly understand economic base, wealth trends and affluence. The second goal is to develop a framework on how to assess industries that might be atypical. For example, while real estate has traditionally been considered a tertiary activity not related directly 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. Growth in the high-net-worth households is also 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. The fundamentals of real estate supply and demand are addressed as an example of how wealth impacts markets.


*Please note schedule is subject to change.

Program-at-a-glance

Saturday, September 14th:
Arrivals
 
Sunday, September 15th:

Morning/Afternoon:
Program Orientation @ 10:00am
Cultural Function: Culinary Food Tour


Evening:
Welcome Dinner @ 7:00pm

Monday, September 16th:

Morning:
Lecture: Economic Base Analysis - Dr. William Hardin FRICS

Afternoon: 
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.


Optional: 
Visit to FIU main campus  and "cafecito" stop at Versailles Restaurant (Miami landmark) on return to Downtown

Evening:
 
Free Time - Dinner on own

 
Tuesday, September 17th:

Morning:
Lecture: Digital Links to the Future - Dr. George Marakas

Afternoon:

Lunch
Company visit: CBRE - Real Estate Investment & High Net-worth Investors

Evening:
 
Free Time - Dinner on own
 
Wednesday, September 18th:

Morning:
Lecture: Wealth Management - Flavio Carrillo

Afternoon:

Lunch
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: 
Free - Dinner on your own
 
Thursday, September 19th:

Morning:
Lecture: Wealth, Luxury & Real Estate - Dr. William Hardin

Afternoon:

Lunch
Company Visit: Panorama
Luxury residential rental and tallest building in SE United States.

Evening: 

Free - Dinner on own
 
Friday, September 20th:

Morning:
Real Estate Leadership Breakfast Series Event
 
 
Afternoon: 
Lunch
Company Visit: Fisher Island
Round Table Discussion

Evening: 
Program Certificates
Closing Dinner @ 7:30pm
 
Saturday, September 21st:
Optional Excursions: see staff for recommendations/assistance

Departures
William G. Hardin, Ph.D.

Dr. Hardin is an internationally recognized expert on commercial real estate markets, financial markets and securitized real estate. He 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 is also Director of Publications for the American Real Estate Society. He also serves on the editorial board of Journal of Real Estate Research and 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. Dr. Hardin worked in commercial banking and development prior to earning his terminal
degree. Dr. Hardin received his doctorate from Georgia State University. He is the Associate Dean of the Chapman Graduate School of Business and Director of the Jerome Bain Real Estate Institute.
Click here to learn further about Dr. William Hardin.



Suzanne Hollander, JD  

Suzanne is an attorney and broker teaching real estate law, development and property rights at Florida International University. Suzanne works with investors in U.S. Real
Estate, both domestic and foreign on the purchase, sale and management of real estate and exercise of property rights and speaks frequently on the exercise of property rights to audiences around the world. 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 is a Committee Co-Chair with Commercial Real Estate Women Miami. Suzanne graduated cum laude from Dartmouth College and magna cum laude from the University Of Miami School Of Law, where she was awarded the Soia Mentschikoff Scholarship, a full tuition academic scholarship. She speaks English and Spanish.
Click here to learn further about Professor Suzanne Hollander.


George M. Marakas, Ph.D. 

Dr. Marakas is a 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. 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.
Click here to learn further about Dr. George Marakas.




Flavio Carrillo  

Flavio is a faculty administrator and director of the Capital Markets Lab. Flavio received a Master of Music from the University of Miami, Coral Gables in 1996, an MBA from
Florida International University with a concentration in Finance in 2004 and a Master of Science in Finance in 2004. He is a member of Beta Gamma Sigma, the honor society serving business programs accredited by AACSB International – The Association of Advance Collegiate Schools of Business. Flavio is also the founder and President of Microsigma Capital Management, LLC, a Registered Investment Advisor affiliated with Raymond James’ Investment Advisors Division. Microsigma, a quantitatively focused investment firm in operation since 2006, specializes in the construction of optimal (Mean-Variance) portfolios via the utilization of money managers.
Recently, Flavio was appointed Facilitator and Committee Chair for the National Academy of Finance’s NAFTrack Post-Secondary program. He will lead national efforts to provide an accelerated, seamless transition from high school to higher education for NAF students.
Click here to learn further about Professor Flavio Carrillo.

2019 Accommodation Rates 

NOTE 1: FIU would like to re-emphasize the importance of securing travel insurance. FIU is not responsible for any booking arrangements with hotels or common air carriers. Each participant is responsible for any travel cancellation policy imposed by the respective hotel/airline/booking agency used to secure their reservations, especially in the wake of any hurricane or tropical related impacts to South Florida.

NOTE 2: Due to the low number of participants choosing FIU recommended hotels and will be lodging at other nearby alternatives, we do not have a room block with negotiated amenities available for travelers. Should you need assistance with transportation to campus, please notify our staff. If you are staying at one of the recommended hotels below, our staff will coordinate transport/walking instructions, as needed for the week’s schedule.

 

Hotel Option 1: Hyatt Regency Miami

Address: 

400 SW 2nd Avenue
Miami, FL 33131

Room Rate:
 $129/night (plus taxes/fees)

Booking reservations: Please contact Rosa Fuste via email fuster@fiu.edu to reserve a room at this hotel prior to August 1st. Type of room based on availability.


Hotel Option 2: Hyatt Centric Brickell Miami

Address:

1102 Brickell Bay Drive
Miami, FL 33130

Room Fees: 
$169/night (plus taxes/fees)

Booking reservations: Please contact Rosa Fuste via email fuster@fiu.edu to reserve a room at this hotel prior to August 1st. Type of room based on availability.

 


Transportation Notice: Each school is responsible to provide transportation to/from the selected hotel when participants lodge in one of the options recommended by the school they will attend. Participants are free to stay elsewhere; however, if they do so, they will have to arrange their own transportation to either the University or to one of the suggested hotels for pick-up. We will also provide transportation only during program activities and company visits. 

Each participant is responsible for their transportation arrangements to/from the airport/hotel upon departure/arrival. Please note that FIU is not responsible for any transaction settled between students and this hotel.

 

FIU College of Business News

U.S. News Ranks FIU undergraduate internatinal business program No. 2 in the nation.

Stay connected with us on social media. Click here to join the conversation! #FIUBusiness


South Florida News Sources

Greater Miami Chamber of Commerce

Miami Downtown Development Authority (Miami DDA)

South Florida Business Journal

The Beacon Council

 

 

Month of September 2019

Miami Spice - The Miami Spice promotion encourages diners to visit Miami-Dade County restaurants during the industry’s slowest months. This year, the lunch prices will be set at $23 a person; dinner at $39. Promotion runs from August 1 – September 30. Click here to view the participating restaurants and menus.

Florida Adventure Pass - From animal interactions, lush botanical gardens to art expression, science and technology, the South Florida Adventure Pass boasts adventures of all kinds. For more information, please visit southfloridaadventurepass.com.

Sept. 13, 20: Free Fridays at the FIU Wolfsonian - Learn more about The Wolfsonian and related art and design themes during a 45-minute free guided tour of the permanent collection or temporary exhibitions. Free admission begins at 6pm.

http://www.wolfsonian.org/visit  | 1001 Washington Avenue, Miami, FL 33139 | +1-305-531-1001

Sept. 14-21: The 23rd Brazilian Film Festival
Produced by Infinnito. Gather to watch the 2018-2019 Brazilian productions and to discuss ways for co-production with Latin American countries, and international distribution. The festival is a resistance action. They were the first Festival, with exclusively Brazilian content, produced abroad. Over the last 23 years their mission has been to encourage foreign audiences to get acquainted and start consuming Brazilian cinematography. Event WebsiteBuy Tickets

Saturday, September 14:

Brickell City Center's Farmers Market, 10am
La Centrale - Italian Food Hall | 701 South Miami Avenue, Miami, FL  33130

2019 Miami New Times Burgerfest
Enjoy unlimited burger samples, from 20 of South Florida's top burger spots, refreshing beer and cocktails, live entertainment, and enjoy our 1st Annual Wild Fork Burger Throwdown competition! Vote for the best burger in our peoples choice award! Click here for event details. #burgerfestmiami

Full Moon Party at The Wharf
Celebrate an evening of fun, live entertainment, fire performances, & live fortune telling underneath the full moon. Enjoy live music, eats and good times! Click here for event details.

Free Saturday Tours at Adrienne Arsht Center (at Noon)

Highlights of the tour include insider information about the Arsht Center’s architecture, dramatic views of Biscayne Bay and the Miami skyline and magnificent Miami-Dade County Art in Public Places site-specific installations created by renowned artists. Click here for more details.

Sept. 16: Rosé Mondays
This one is for the ladies. Join every Monday during La Previa for free rosé and $5 bites. Unwind after work at aperitivo hour at #QuintoLaHuella

East Miami Building, Quinto La Huella | 788 Brickell Plz, Miami, FL 33131

Tuesday, September 17:

FIU Men's Soccer Game vs. UNF, 7:00pm
FIU Soccer Stadium | Main Campus

Baptist Health Brickell Run Club

The biggest run club in Miami. The best part isn't the running! Come run with them for free! They regularly have over 250 runners running each week. Check them out on facebook or instagram @brickellrunclub to see some of the most recent photos and next meetup. Btw there is a pace for everyone... we welcome all abilities and fitness levels. #werunmiami

Brickell Happy Hour Network
A special event for locals, professionals, and ambitious people to come together and create connections in a laid back setting.

RSVP and bring your business card for a complimentary sponsored drink from 5PM – 7PM.

RedBar Brickell | 52 Southwest 10th Street, Miami, FL 33130 | View Map | Click here to RSVP

Sept. 18: Movie Under the Stars
Join every Wednesday as they screen a new movie on their rooftop pool deck! The fun begins at 8:30 pm with complimentary popcorn, as well as, food and drink specials. Admission is free. Scheduled movie: La La Land.

Novotel Miami Brickell | 1500 SW 1st Ave, Miami, Florida 33129

Sept. 20: Laser Evenings
Featuring artists Prince, Nirvana and Bob Marley

Get ready to rock under Frost Planetarium’s dome during Laser Evening. Twice a month, they’ll be rocking out with a retro throwback to the classic laser light spectacles you know and love. From Prince to Nirvana, we’re fusing music from some of the greatest artists of our time with old-school laser light visuals—all under the Planetarium’s 67-foot dome. Now with new and enhanced visuals!

Guests are encouraged to come early to hang out in the main atrium where snacks and beverages are available for purchase. Click here for event details. Ticket purchase required.

Phillip and Patricia Frost Museum of Science | 9:00pm - Midnight | 1101 Biscayne Blvd, Miami, FL 33132

Saturday, September 21:  

FIU Men's Soccer Game vs. Old Dominion, 7:00pm
FIU Soccer Stadium | Main Campus

Gipsy Kings Concert
Featuring Nicolas Reyes and Tonino Baliardo. 
Adrienne Arsht Center - Knight Concert Hall | 1300 Biscayne Blvd, Miami, FL 33132 | Buy Tickets

Miami Trail Festival
The Miami Trail Festival takes place on Virginia Key, an idyllic little island tucked away en route to the seaside community of Key Biscayne. Get ready to sweat and have some fun as you participate in outdoor activities like running and mountain biking together with other nature lovers. Sign up now to participate in these off-road explorations and maybe even take home an award.



Museums and Visual Art


Historical


Entertainment, Food, Recreation, Shopping and Sports

Food Delivery Services

 

Student Experiences (Photos & Videos)

EMBAConsortium