12:00 p.m. Katsuyuki Tsukada, Nihon Unisys Company (JR) "Development of the New Business Model of Digital Contents Trade" 12:20 p.m. Tetsu Fukuoka, Sumitomo Corporation of America (HR) "Current Activity of Venture Capitals in Silicon Valley" 12:40 p.m. Takayuki Niikura, Ministry of Economy, Trade and Industry (RH) "Japan and Regional Choices" 1:00 p.m. Kotaro Inuzuka, Toyobo Company, Ltd. (FC) "Application of Smart Structure Technologies at TOYOBO" 1:20 p.m. Takeshi Myoi, Tokyo Electric Power Company (RD) "Strategies and Management of R&D at Tokyo Electric Power Company" 1:40 p.m. Takihiko Ashiya, Kansai Electric Power Company (RH) "Proposal of Strategic Viewpoints in Diversification Based on Analysis of Failures in the U.S. Telecommunication Industry"

12:00 p.m. Akira Kobayashi, Japan Patent Office (DO) "How to Handle Patents in Venture Companies" 12:20 p.m. Joseph Huang, AllCan Investment Company (MH) "Venture Capitals and Entrepreneurship in the Silicon Valley and the Greater China Region" 12:40 p.m. Seishi Nakatani, Shiraimatsu Pharmaceutical (DO) "Evaluation of the IT Industry Potential" 1:00 p.m. Tetsuo Fujita, Japan Research Institute (GS) "The Role of Information Technology on the Economic Development of Japan" 1:20 p.m. Makoto Kawashima, Ministry of Finance (DO) "Recent Changes to the Banking Business Model and the U.S. Response" 1:40 p.m. Eui Yong Chung, Samsung Company (GS) "Collaboration Between the U.S. and Korea in the Semi-Conductor Industry"

Although China's software industry has grown substantially over the past decade, it could have grown even more had it not been for several obstacles, the most important being rampant violations of the copyrights of software developers. In response to this situation, software companies and associations, domestic and foreign, have lobbied the Chinese government to adopt policies to help the industry. While they have had some lobbying success, in part thanks to both companies and relatively vibrant associations, the industry still faces large hurdles, and a basic dilemma: if it is to fully grow, the industry needs the government to adopt (and implement) more favorable policies, but the government for the moment is likely to be more influenced to adopt policies favored by competing interests that are economically and politically more powerful than the software industry. Scott Kennedy is an assistant professor in the Department of East Asian Languages and Cultures and an adjunct assistant professor in the Department of Political Science at Indiana University. He received his Ph.D in political science from George Washington University in 2002. His dissertation, "In the Company of Markets: The Transformation of China's Political Economy", examines the growth in business influence on the policy making process in China. He recently finished editing a book, "China Cross Talk: The American Debate over China Policy since Normalization, A Reader" which is an anthology of op-eds, congressional testimony, speeches and editorial cartoons that present the most memorable scenes from the debate of the past quarter century. Kennedy has published articles in numerous popular and academic periodicals, including The China Quarterly, Problems of Post-Communism, Asian Wall Street Journal, and the China Business Review. From 1993 to 1997, Kennedy was a research assistant at the Brookings Institution in Washington, DC. He received his M.A. in international relations from Johns Hopkins University's Paul H. Nitze School of Advanced International Studies in 1992 and his B.A. in foreign affairs from University of Virginia in 1989. He has lived in China off and on for four years since the late 1980s, and has traveled throughout East Asia.

The success of India's export-oriented software industry is well known. Whether information technology (IT) can contribute to development beyond the obvious income effects generated by software exports depends on how pervasive are IT's impacts on the economy, ranging from improving the efficiency of existing businesses, to enabling new kinds of goods and services. In a developing country such as India, it is of particular interest whether such benefits can reach the poor, and even help in directly reducing the deprivations associated with poverty. Professor Singh's talk and paper will examine two ongoing experiments that aim to provide IT-based services to rural populations in India. Several features distinguish these experiments from others: a combination of public and private efforts, with "nonprofit" organizations acting as catalysts; goals of commercial sustainability, both for the local entrepreneurs and the nonprofits; and an eclectic approach to the services that are sought to be provided. The paper's main contribution is to draw some preliminary lessons from comparing two different approaches in localities that are geographically close and economically similar. While the ultimate goals of the two organizations studied are quite similar, he identifies some important differences in implementation that may have more general implications for the success of such experiments. Nirvikar Singh is currently Director of the Business Management Economics Program at the University of California, Santa Cruz, where he is Professor of Economics. He teaches courses on business strategy, technology and innovation, and electronic commerce, as well as graduate microeconomic theory. He has consulted for the World Bank and for high-tech start-ups in Silicon Valley. Professor Singh's current research topics are electronic commerce, business strategy, technology and innovation, governance and economic reform in India, federalism, international water disputes, and economic growth.

The recent increase in inward FDI (foreign direct investment) has significantly changed the environment of doing business in Japan. These changes will be examined by a "Stanford couple" who have been based in Tokyo since 1990 and are at the center of many of the most interesting changes taking place in Japanese business society, including telecommunications, software, finance, management consulting, and executive search.

Glen S. Fukushima heads the Japan operations of Cadence Design Systems, the $1.4 billion software company and world leader in EDA (electronic design automation), headquartered in San Jose. Previously, he was President of Arthur D. Little, Japan, the management consulting firm (1998-2000), and Vice President of AT&T Japan Ltd. (1990-1998). In the 1980s, he worked in Washington, D.C. at the Office of the U.S. Trade Representative (USTR) as Director for Japanese Affairs (1985-1988) and Deputy Assistant USTR for Japan and China (1988 1990). He was educated at Stanford, Harvard Graduate School, Harvard Business School, and Harvard Law School.

After graduating from Stanford Business School with an MBA in 1987, Sakie T. Fukushima has worked in strategy management consulting at Bain & Company (1987-1991) and in executive search at Korn/Ferry International, the world's largest executive search firm (1991-), where she has served on the Board of Directors since 1995. She has served as Vice President of the Japan Chapter of the Stanford Business School Alumni Association and as a member of the Board of Directors of the Japan Stanford Association. She received an Ed.M. from the Harvard Graduate School of Education and was educated in Japan at the International Christian University and Seisen College.