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The Stanford Silicon Valley-New Japan Project
Public Forum Series with Networking

Casey Wahl is the CEO and founder of Wahl & Case K.K., a Tokyo-based global recruitment firm with a focus on startups and cross border expansion.  Mr. Wahl has many years of experience in the Japan and is also the founder of Red Brick Ventures, an angel investment and incubation platform.  He recently published a book in Japanese (english version to come), containing the stories of several Japanese entrepreneurs, giving insights into the challenges they face and their journeys to success.  He will be discussion characteristics of the labor market for startups in Japan and how Japanese companies can best hire talent in Silicon Valley.

Thursday, May 14, 2015
4:15 – 5:30 pm Lecture
5:30pm - 6:00pm Networking
Cypress Semiconductor Auditorium (CISX Auditorium)

Public Welcome • Light Refreshments

The Silicon Valley - New Japan Project

In this session of the Shorenstein APARC Corporate Affiliate Visiting Fellows Research Presentations, the following will be presented:

Jaigeun Lim, Seoul Metropolitan Government, "A Study on the Influential Factors on Inbound Foreign Direct Investment and its Implications"

The global importance of Inbound Foreign Direct Investment (IFDI) continues to grow and each nation has made an effort to enhance its national competitiveness through IFDI.  Lim’s research targets 51 nations and 14  candidate variables to learn which factors have an influence on IFDI.

Statistically meaningful variables on IFDI include GDP, economic growth rate, dependency to trade, management of cities, small and medium-sized enterprises’ efficiency and investment incentive policy.  Particularly, the results from Outbound Foreign Direct Investment (OFDI)-oriented nations give evidence that influences of GDP, small and medium-sized enterprises’ efficiency and investment incentive policy are positive to IFDI.  However, Korea shows the lower level of performances in small and medium-sized enterprises’ efficiency and investment incentive policy.  Korea has also shown the lower performances in similar variables compared with other Asia-Pacific nations.  Lim’s research aims to find out what these results mean in terms of policy for Korea?

Ryuichi Ohta, Japan Patent Office, "Relationship Between Technical Standard and Patents"

Samsung and Apple have more than 50 cases of appeals to the courts against each other in more than 10 countries.  In these court battles, Samsung asserted injunction using essential patent which is related to telecommunication standards and committed RAND (Reasonable And Non-Discriminatory) commitment.  Injunction is one of the basic rights for patent, which means Samsung can assert this right.  However in this case, can Samsung assert injunction in spite of RAND commitment?  In normal circumstances, standard organizations require RAND licensing obligations for essential patents.  Ohta will address the question "Why do they require it and why do they consider these obligations are reasonable for essential patents?" through case studies.

Rajeev Prasad, Reliance Life Sciences, "Concept of Total Quality Management in Pharmaceutical Industries"

The pharmaceutical industry is profoundly regulated and the reasons are obvious;  the use of ineffective, poor quality, harmful medicines can result in therapeutic failure, exacerbation of disease, and resistance of medicines and sometimes death of the patients.  Also, the mistakes in product design or production can have severe, even fatal, consequences for patients which sometimes lead to recall of drugs from the market.  Total Quality Management (TQM) acts as an umbrella under which everyone in the organization can strive for customer satisfaction by producing better quality of product, reduce cost and wastage and increase the efficiency of services.  In his research, Rajeev has focused on the failures of TQM principles by evaluating the warning letters, case studies of pharmaceutical manufacturers and product recalls and also outlined about the implementation of robust quality management system by amalgamation of principles of TQM and pharmaceutical regulatory guidelines.

In this session of the Shorenstein APARC Corporate Affiliate Visiting Fellows Research Presentations, the following will be presented:

Zhao Han, PetroChina, "The Development of American Oil Retail – Analysis of the Competitive Strategy in China"

The first gas stations were built in the early 1900s.  Having experienced rapid growth, brand integration, rising costs, model innovation and trans-boundary competition in developed countries like the United States, the gas station industry matured towards the end of the 20th century.  Around the year 2000, international oil companies gradually began to withdraw from the gas station market in developed countries.  During this time, convenience stores became the leader of the market with gasoline being one of the products of the convenience store.

With the development of mobile internet technology and the practice of the big data theory, the information authority has been broken.  The business model of traditional industries, such as the gas station industry, will change as well.  Gas stations will transform from the traditional E-station to E-platform.  In his research, Han argues that the business model of gas stations will turn from merchandise sales to customer service, and then to resource integration and platform management.

Yasunori Matsui, Mitsubishi Corporation, "How to Develop Effective Leadership Skills:  A Study Comparing Silicon Valley Companies"

In most Japanese companies, leadership skills are lacking.  From his experience, Matsui believes this problem exists at a higher level than the organization, as leadership skills are only developed for select people within the organization.  Additionally, he believes there is a high correlation between leadership effectiveness and the results that leaders produce.  Developing an adequate cadre of leaders to perpetuate their organization is essential to Japanese companies.  Unfortunately, the concept of leadership continues to be shrouded in misunderstanding.  In his research, Matsui compares leadership styles in Silicon Valley to those of Japanese companies.  Matsui asks the question as to whether leadership personnel training is possible in Japanese companies and discusses some possible solutions to this problem.

Ryo Wakabayashi, Sumitomo Corporation, "Trends of the American Entertainment Video Industry"

Wakabayashi’s research discusses the entertainment video industry trends in the United States, in particular, the influence of emerging Over-the-Top (OTT) markets in existing entertainment video industry.  Over the past few years, online video streaming services, called “Over-the-Top”, have rapidly become popular and have deprived the subscribers from existing Pay-TV companies.  The reasons why OTT services have taken advantage of existing markets are 1) the infrastructures for their services have drastically improved -- faster internet access speeds and various devices such as smartphones, tablets, and Set-Top-Boxes that are suitable for watching video being released and becoming popular; 2) subscription fees for services are about six times less than the fees for existing Pay TV services like cable TV or satellite TV; and 3) OTT markets have attractive content such as movies, dramas, TV shows, and animated videos and have started producing their own original, high-quality content.  As a result of the growth of the OTT market, Wakabayashi discusses three big trends that are emerging in the video industry in the United States – 1) Video streaming providers are becoming the “New Network”, 2) Large consolidations are emerging and 3) Existing media companies are going toward OTT markets.