Head of Stanford Technology Ventures Program joins faculty advisory council
The Program on Social Entrepreneurship welcomes the newest member of the Faculty Advisory Council, Dr. Tina Seelig, who brings her expertise in high-technology entrepreneurship education to enrich and inform program development. Seelig is the executive director for the Stanford Technology Ventures Program, the entrepreneurship center at Stanford University's School of Engineering, and also teaches courses at the Hasso Plattner Institute of Design.
Seelig's latest book published in April 2012 entitled, inGenius: A Crash Course in Creativity, decodes creativity and how it can be taught, learned, and inspired by the everyday. She is also the author of What I Wish I Knew When I Was 20.
On May 3 at 6:30 p.m., Seelig will debut her latest book at the Stanford Bookstore at a reading and signing of inGenius. For more information, please click here.
The Valley of Despair and the Next Wave: Venture Finance in China
About the Speaker
Hany Nada is co-founder of GGV Capital and has worked as a long-term partner with more than 150 companies over the past decade to build companies that can succeed in today's global marketplace. He is a trusted resource to public and private company CEOs and management teams on global market development, customer introductions and M&A/IPO guidance across US and Asian markets. CEOs that have worked with Hany characterize him as their go-to advisor for both general direction and company growth strategies.
As a leading venture investor, Hany made his first investment in China in 2001, and has led the firm’s successful investments in athenahealth (NASDAQ: ATHN), Endeca (acquired by Oracle) Glu Mobile (NASDAQ: GLUU), Kintana (acquired by Mercury Interactive), Turbine (acquired by Time Warner) and Xfire (acquired by Viacom). Currently, he serves on the Board of Directors for Tudou, China’s leading video content provider, Vocera Communications, RootMusic, Glu Mobile, and Wild Tangent. In addition to actively making investments in the mobile and digital media sectors in the US and China, Hany is responsible for one of the industry’s most successful China/US investment teams as well as general oversight of the firm's funds.
Before entering the venture capital business, Hany spent ten years on Wall Street as a top-ranked research analyst at Piper Jaffray focusing on Internet software and infrastructure. Hany is a graduate of the University of Minnesota where he earned a B.S. in economics and a B.A. in political science.
G102, Gunn Building, Knight Management Center, 635 Knight Way, Stanford, CA 94305-7298
Entrepreneurship in Japan’s ICT Sector: Opportunities and Protection from Japan’s Telecommunications Regulatory Regime Shift
Entrepreneurs and entrepreneurship played a critical role in transforming Japan’s telecommunications sector. Between the mid-1990s and mid-2000s, in a sector long dominated by a stable set of large actors with well-established patterns of interaction, entrepreneurs introduced new technologies, new business models, and new norms of interaction.
The subsequent transformation of Japan’s telecommunications sector was dramatic, providing consumers with not only fast and sophisticated services but also low prices and an entire new ecosystem of mobile content—a considerable departure from Japan’s long track record of being known as producer- rather than consumer-oriented, with consumers enjoying high-end services and products, but at high prices.
Yet, these transformative entrepreneurs were not acting in a vacuum. Regulatory shifts in telecommunications were critical in providing opportunities for entrepreneurs, while simultaneously protecting them from large incumbent firms. These regulatory shifts were driven by the political dynamics of the 1990s as Japan struggled through its post-bubble economic malaise and political changes.
Philippines Conference Room
Kenji E. Kushida
He has published several books and numerous articles in each of these streams, including “The Politics of Commoditization in Global ICT Industries,” “Japan’s Startup Ecosystem,” "How Politics and Market Dynamics Trapped Innovations in Japan’s Domestic 'Galapagos' Telecommunications Sector," “Cloud Computing: From Scarcity to Abundance,” and others. His latest business book in Japanese is “The Algorithmic Revolution’s Disruption: a Silicon Valley Vantage on IoT, Fintech, Cloud, and AI” (Asahi Shimbun Shuppan 2016).
Kushida has appeared in media including The New York Times, Washington Post, Nihon Keizai Shimbun, Nikkei Business, Diamond Harvard Business Review, NHK, PBS NewsHour, and NPR. He is also a trustee of the Japan ICU Foundation, alumni of the Trilateral Commission David Rockefeller Fellows, and a member of the Mansfield Foundation Network for the Future. Kushida has written two general audience books in Japanese, entitled Biculturalism and the Japanese: Beyond English Linguistic Capabilities (Chuko Shinsho, 2006) and International Schools, an Introduction (Fusosha, 2008).
Kushida holds a PhD in political science from the University of California, Berkeley. He received his MA in East Asian Studies and BAs in economics and East Asian Studies with Honors, all from Stanford University.
Phoenix Rising from the Ashes: Japan's Response After the Tohoku Disaster
Prior to March 11, 2011, many observers had all but written Japan's economy off; after all, it was said, Japan produced only 10 percent of global manufacturing output. Four days later, the world realized that a good portion of that 10 percent sits at a critical upstream spot in the global supply chain, in many products that we not only like (such as the iPad) but also need (e.g., fine chemicals for lithium-ion batteries, silicon wafers, or microcontrollers). In some cases, more than half of global output in critical input materials was located in the Tohoku region. Remarkably, by May 2011, most of the factories not located in the radiation zone had repaired the earthquake damage and resumed operations.
This presentation explores Japan's role in producing components and materials that are critical in global manufacturing, and then zooms in to analyze the speedy efforts at reconstruction by Japanese business after the Tohoku disaster. It argues that Japan is unlikely to relinquish its leading role in supplying critical components due to this shock, precisely because these "New Japan" companies are competitive, nimble, and fast.
Ulrike Schaede studies Japan’s corporate strategy, business organization, management, financial markets, and regulation. Her book Choose and Focus: Japanese Business Strategies for the 21st Century (Cornell UP, 2008) argues that Japan’s business organization has undergone a strategic inflection so fundamental that our knowledge of Japanese business practices from the 1980s and 1990s is no longer adequate. Her current research looks at “New Japan” companies that have assumed global supply chain leadership in materials and components. She also works on projects regarding corporate restructuring, changing human resource practices, and entrepreneurship in Japan.
Schaede holds an MA from Bonn University, and a PhD from the Philipps-Universtät in Marburg, Germany. She is trilingual and has spent a total of more than eight years of research and study in Japan. She has been a visiting scholar at the research institutes of the Bank of Japan, Japan's Ministry of Finance, and the Ministry of Economy, Trade and Industry, and at the Development Bank of Japan. Before joining the University of California, San Diego in 1994, Schaede held academic positions in Germany (Philipps-Universtät Marburg) and Japan (Hitotsubashi University, Tokyo), and she was a visiting professor at the business schools of UC Berkeley and Harvard.
Philippines Conference Room
Sumitomo's Yasunori Kakemizu discusses his Stanford experience
What do running a business and flying an airplane have in common?
“Starting a business is like takeoff and cruising,” says Yasunori Kakemizu, a Corporate Affiliates Visiting Fellow at Stanford’s Shorenstein Asia-Pacific Research Center (Shorenstein APARC). “But exiting from it is very difficult—like landing—because you need to try to make a profit.”
Kakemizu should know. He has spent over a decade promoting business development at Japan’s Sumitomo Corporation and its affiliate company Jupiter Telecommunications (J:COM). He is also currently training in his free time for his pilot’s license.
Assistant to the general manager of the Cable TV Department in Sumitomo’s Media Division, Kakemizu has spent the past year at Stanford studying the strategies of major American cable companies in adapting to industry changes like the rise of online streaming media. He has examined, for example, the launch of Comcast’s Xfinity streaming service, and how the company has successfully grown it into a profitable part of its business.
“I’m looking for lessons J:COM and other affiliates can use in the next steps of their own streaming services, which is still relatively new in Japan,” Kakemizu says.
Kakemizu is also taking advantage of Stanford’s close ties to Silicon Valley by attending entrepreneurship seminars and enrolling in classes like cloud computing and investment finance. He is fascinated by the opportunities Stanford students have to work on projects with Silicon Valley companies, and the important role Stanford plays in the regional and global business world.
“This university gathers people from around the world and educates them on how to create new companies,” he says. “They then transmit this knowledge globally.”
During the academic year, Kakemizu has enjoyed taking part in the Corporate Affiliates Program site visits to cutting-edge local tech companies, such as Facebook. He found the visit to Cypress Envirosystems, a company that merges digital technology with older HVAC analog technology, especially intriguing.
“Most businesses are ‘forward thinking,’ but they’re focusing on older technologies,” Kakemizu says. “As a result, they don’t have any market competitors. From a business point of view, their strategy is very clever.”
As the academic year winds down, Kakemizu will wrap up his research project and present the results at a seminar. He and the other Visiting Fellows will have a chance to receive feedback and respond to questions from Shorenstein APARC faculty.
Kakemizu will also finish up his pilot’s license training before he returns to Japan. If you hear an airplane flying over campus one day this spring, it might just be him.
“The view of Stanford from the air is very beautiful,” he says.
Triumph of the BRICs? Higher Education Expansion in the Global Economy
This day long conference is based on a major study of higher education expansion and quality in the world's four largest developing economies-Brazil, Russia, India, and China-known as the BRIC countries. These four economies are already important players globally, but by mid-century, they are likely to be economic powerhouses. Whether they reach that level of development will depend partly on how successfully they create quality higher education that puts their labor forces at the cutting edge of the information society. It is difficult to imagine large economies reaching advanced stages of development in the 21st century without high levels of innovative, well-trained, socially oriented professionals.
The study places particular emphasis on how the BRICs are expanding engineering higher education and the quality and equity of that expansion. Evaluating the potential success of the BRIC countries in developing highly skilled professionals is not the only reason to study their higher education systems. We want to learn how these governments go about organizing higher education because this can tell us a lot about their implicit economic, social, and political goals, and their capacity to reach them. Although the BRICs are acutely aware of their new role in the global economy, their governments must negotiate complex political demands at home, including ensuring domestic economic growth, social mobility, and political participation. Because more and better higher education is positively associated with all these elements, BRIC governments' focus on their university systems has become an important part of their domestic economic and social policy.
The conference involves all the authors of the study from China, India, Russia, and the United States, as well as expert discussants from Brazil and the United States. The various panels of the day-long discussion will focus on various aspects of change in the higher education systems in the BRICs.
TRIUMPH OF THE BRICS?
Higher Education Expansion in the Global Economy
Bechtel Conference Center--FSI
April 28, 2012
Co-Sponsored by
Freeman Spogli Institute, U.S. Department of Education, Office of Post-Secondary Education, Stanford School of Education Lemann Center for Educational Entrepreneurship and Innovation in Brazil, Center for Latin American Studies at Stanford, State Research University Higher School of Economics, Moscow, China Institute for Educational Finance Research at Peking University, and National University of Educational Policy and Administration, Delhi
8:00 am Bagels and coffee
8:30 am Welcome
8:45 am Introduction to the Study
Presenter: Martin Carnoy, School of Education, Stanford
Discussants: Francisco Ramirez, School of Education, Stanford Gustavo Fischman*, Arizona State University
9:30 am Panel I: The Expansion of and Payoffs to Higher Education in the BRICs
Presenters: Isak Froumin and Maria Dobryakova, State Research University Higher School of Economics, Moscow
Prashant Loyalka, China Institute for Educational Finance Research, Peking University Discussants: Eric Bettinger, School of Education, Stanford Rafiq Dossani, Freeman Spogli Institute, Stanford
10:45 am Coffee Break
11:00 am Panel II: Financing of Higher Education in the BRICs
Presenters: Jandhyala B.G. Tilak, National University of Educational Planning Administration (NUEPA)
Wang Rong, China Institute for Educational Finance Research, Peking University
Discussants: Nick Hope, Stanford Center for International Development
Robert Verhine*, Federal University of Bahia, Brazil
12:15 pm Lunch Break
1:00 pm: Panel III: Institutional Change In BRIC Universities
Presenters: Rafiq Dossani, Freeman Spogli Institute, Stanford
Katherine Kuhns, School of Education, Stanford
Discussants: Simon Schwartzman*, Instituto de Estudos do Trabalho e Sociedade, Rio de Janeiro
Wang Rong, China Institute for Educational Finance Research, Peking University
2:15 pm Panel IV: How Does the Quality of Engineering Education Compare?
Presenters: Prashant Loyalka, CIEFR, Peking University
Jandhyala B.G. Tilak, NUEPA, Delhi
Discussants: Sheri Sheppard, School of Engineering, Stanford
Anthony Antonio, School of Education, Stanford
3:30 pm Coffee break
3:45: pm Panel V: Implications for the Future
Presenters: Martin Carnoy, School of Education, Stanford
Isak Froumin, Higher School of Economics, Moscow
Discussant: Philip Altbach*, Center for International Higher Education, Boston College
5:00 pm Closing Remarks
*Will give their remarks via Webinar connection
Bechtel Conference Center
Rafiq Dossani
No longer in residence.
Rafiq Dossani was a senior research scholar at Stanford University's Shorenstein Asia-Pacific Research Center (Shorenstein APARC) and erstwhile director of the Stanford Center for South Asia. His research interests include South Asian security, government, higher education, technology, and business.
Dossani’s most recent book is Knowledge Perspectives of New Product Development, co-edited with D. Assimakopoulos and E. Carayannis, published in 2011 by Springer. His earlier books include Does South Asia Exist?, published in 2010 by Shorenstein APARC; India Arriving, published in 2007 by AMACOM Books/American Management Association (reprinted in India in 2008 by McGraw-Hill, and in China in 2009 by Oriental Publishing House); Prospects for Peace in South Asia, co-edited with Henry Rowen, published in 2005 by Stanford University Press; and Telecommunications Reform in India, published in 2002 by Greenwood Press. One book is under preparation: Higher Education in the BRIC Countries, co-authored with Martin Carnoy and others, to be published in 2012.
Dossani currently chairs FOCUS USA, a non-profit organization that supports emergency relief in the developing world. Between 2004 and 2010, he was a trustee of Hidden Villa, a non-profit educational organization in the Bay Area. He also serves on the board of the Industry Studies Association, and is chair of the Industry Studies Association Annual Conference for 2010–12.
Earlier, Dossani worked for the Robert Fleming Investment Banking group, first as CEO of its India operations and later as head of its San Francisco operations. He also previously served as the chairman and CEO of a stockbroking firm on the OTCEI stock exchange in India, as the deputy editor of Business India Weekly, and as a professor of finance at Pennsylvania State University.
Dossani holds a BA in economics from St. Stephen's College, New Delhi, India; an MBA from the Indian Institute of Management, Calcutta, India; and a PhD in finance from Northwestern University.
Tanja Aitamurto
Encina Hall
616 Serra Street
Stanford, CA 94305-6055
Tanja Aitamurto was a visiting researcher at the Program on Liberation Technology at the Center on Democracy, Development and the Rule of Law at Stanford University. In her PhD project she examined how collective intelligence, whether harvested by crowdsourcing, co-creation or open innovation, impacts incumbent processes in journalism, public policy making and design process. Her work has been published in several academic publications, such as the New Media and Society. Related to her studies, she advises the Government and the Parliament of Finland about Open Government principles, for example about how open data and crowdsourcing can serve democratic processes. Aitamurto now works as a postdoctoral fellow at the Brown Institute for Media Innovation at Stanford.
Aitamurto has previously studied at the Center for Design Research and at the Innovation Journalism Program at Stanford University. She is a PhD Student at the Center for Journalism, Media and Communication Research at Tampere University in Finland, and she holds a Master’s Degree in Public Policy, and a Master of Arts in Humanities. Prior to returning to academia, she made a career in journalism in Finland specializing in foreign affairs, reporting in countries such as Afghanistan, Angola and Uganda. She has also taught journalism at the University of Zambia, in Lusaka, and worked at the Namibia Press Agency, Windhoek.
She also actively participates in the developments she is studying; she crowdfunded a reporting and research trip to Egypt in 2011 to investigate crowdsourcing in public deliberation. She also practices social entrepreneurship in the Virtual SafeBox (http://designinglibtech.tumblr.com/), a project, which sprang from Designing Liberation Technologies class at Stanford. Tanja blogs on the Huffington Post and writes about her research at PBS MediaShift. More about Tanja’s work at www.tanjaaitamurto.com and on Twitter @tanjaaita.
Publications:
- Aitamurto, Tanja. (2012). Crowdsourcing for Democracy: New Era In Policy–Making. Publications of the Committee for the Future, Parliament of Finland, 1/2012. ISBN 978-951-53-3459-6 (Paperback), ISBN 978-951-53-3460-2 (PDF). Accessible online here.
- Aitamurto, T. &Lewis, S. (2012) “Open Innovation in Digital Journalism: Examining the Impact of Open APIs at Four News Organizations.” New Media&Society, July 2012, online first.
- Aitamurto, Tanja. (2011) The Impact of Crowdfunding on Journalism, Journalism Practice 5 (4): 429-445 http://www.tandf.co.uk/journals/rjop
- Aitamurto, Tanja (2011) The new role of nonprofit organizations: From middleman to a platform organization, 40-41. In National Civic Review. 100 (1).
- Aitamurto, Tanja & Lewis, Seth. (2011) “Open APIs and news organizations: A study of openinnovation in online journalism” Presented at the International Symposium on Online Journalism, Austin, Texas.
- Aitamurto, Tanja. (2011) “New ecosystem in journalism: Decentralized newsrooms empowered by self-organized crowds.” Knowledge Federation 2010: Self-Organizing Collective Mind
- Aitamurto, Tanja&Könkkölä, Saara. (2011) “Value in Co-Created Content Production in Magazine Publishing: Case Study of Co-Creation in Three Scandinavian Magazine Brands.” The World Conference on Mass Customization, Personalization, and Co-Creation: Bridging Mass Customization & Open Innovation.
- Aitamurto, Tanja; Leiponen, Aija & Tee, Richard. (2011). “The Promise of Idea Crowdsourcing -Benefits, Contexts, Limitations.” Whitepaper. Accessible at IdeasProject by Nokia
Stanford research suggests increased role for social entrepreneurship in post Arab Spring countries
The Arab Spring has unleashed powerful social forces across the region ignited by young people seeking to reclaim their countries from the hands of long-standing dictators. In the aftermath of the revolutions, this younger generation has expressed a greater interest and responsibility towards improving their communities. Faced with crumbling economies and rising unemployment, young people in the region are combining their activism and entrepreneurial ingenuity to launch new businesses and non-profit organizations.
A new research study entitled, Social Entrepreneurship: Why is It Important Post Arab Spring? released by the Program on Arab Reform and Democracy at Stanford University's Center on Democracy, Development, and the Rule of Law finds that economic conditions coupled with social changes unleashed by the Arab Spring have created an environment ripe for social entrepreneurship.
Operating where the public and private sector have failed, social entrepreneurs introduce new ideas and approaches to solve intractable development challenges in their local communities. Applying business principles towards a social cause, social entrepreneurs create new programs, reforms, and goods that benefit disadvantaged and marginalized segments of society. Leading innovations in the non-profit and business sectors, they have generated new employment opportunities for youth, worked towards building more inclusive societies, and advanced sustainable environmental practices.
As more aid dollars flow towards social entrepreneurship programs, little research has been conducted to examine the sector post Arab Spring. Researchers with the Stanford Program on Arab Reform and Democracy launched this study to assess general economic conditions, attitudes towards entrepreneurship, and the challenges social entrepreneurs currently face.
The Stanford research team used data from an online survey issued in Arabic and English to more than 12,000 residents in 18 Arab countries by Bayt.com, the leading online jobsite in the Arab region, and YouGov, a research and consulting organization. The survey targeted respondents who are on average younger, better educated, and more technologically connected than the general Arab public—previous research issued by the Brookings Institution suggested that this target group is predisposed towards the entrepreneurial sector.
Citizen-led uprisings have inspired a new generation of youth who are increasingly invested in the future development of their societies across the larger region.
Youth-led social and economic development: One of the most revealing findings in the study uncovered the changing perceptions and attitudes of young people towards the long-term development of their societies after the revolutions. Citizen-led uprisings have inspired a new generation of youth who are increasingly invested in the future development of their societies across the larger region. In Arab Spring countries 71% of respondents in Egypt and 75% in Tunisia expressed interest in improving their communities, revealing this upward trend.
According to Jacqueline Kameel, managing director of Nahdet el Mahrousa, the first social enterprise incubator in Egypt, "Youth are more vocal than ever now, they have a sense of responsibility towards Egypt, believing that if we don't do enough now, we might never have a similar chance to take the lead and impact the future of Egypt." In addition, the survey found that volunteerism is on the rise with nearly one-third of Egyptian and Tunisian youth currently volunteering their time at local NGOs, religious establishments, and schools. These trends represent promising pathways towards social entrepreneurship for the region's youth.
Rising unemployment leads to increased interest in self-employment: The results revealed deteriorating economic conditions across the larger region, impacting all age groups and economic levels. However, the effect on countries that experienced protracted revolutions is particularly stark with 58% of respondents in Tunisia, 68% in Egypt, and 71% in Syria indicating that their employment situation now is either worse or much worse than before the revolutions. Those working in the private sector have been disproportionately impacted by the Arab Spring than their counterparts in the public sector, suffering higher levels of unemployment.
Despite this fact, respondents across the region expressed a strong desire to work in the private sector, reflecting a move away from the government as a primary employer. The survey also revealed widespread interest in business ownership as respondents in every country said that if given the choice they would opt for self-employment. While many cited the independence it would offer, others indicated they were drawn to entrepreneurship out of economic necessity, not opportunity. Current economic conditions and a move towards the private sector and business ownership point to the growth of the entrepreneurship sector across the region.
Growing awareness of entrepreneurial sector: With increasing interest in social entrepreneurship, the study evaluated the level of familiarity with entrepreneurship—in both the business and social sense—as the term is often perceived as an import from the West. Survey results concluded that overall there was a general level of familiarity with the term, but more respondents identified with the business side of entrepreneurship, indicating that there is more work to do to build awareness around the social sector. More encouraging was the number of respondents—63% in Tunisia and 56% in Egypt—who expressed an interest in starting their own business and a general openness towards working in the field of social entrepreneurship.
Challenges facing the sector: While survey results revealed several opportunities, there remains a high rate of failure for new businesses and NGOs, preventing them from reaching maturity. In Egypt 44% of business owners stated that their current businesses were not performing well, and in Syria the figures were higher at 50%. Those operating NGOs did not fare much better, as 56% of respondents in Egypt said that they had hoped to start an organization but were unable to do so. Government interference, the inability to obtain finance, bureaucratic hurdles, fear of failure, and corruption were the major obstacles to starting a new enterprise.Government interference, the inability to obtain finance, bureaucratic hurdles, fear of failure, and corruption were the major obstacles to starting a new enterprise. With transitions underway in Arab Spring countries, Stanford researchers called for a number of policy recommendations to create an ecosystem conducive for entrepreneurship to thrive. Some of their suggestions include: legal and regulatory reform in the banking sector; introducing entrepreneurial education in schools; and increasing the number of high-tech incubators.
While the Arab Spring has had an immediate negative impact on the economic landscape in the Arab world, the positive effect on citizens’ interest in social and economic development remains strong. As Arab Spring countries attempt to rebuild economically, social entrepreneurship represents a promising pathway for the post-revolutionary generation to engage in positive social change in the region and beyond.