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

Niranjan Acharya, "Follow-on Biologics - Oppoertunities and Challenges in the U.S. Market

The pharmaceutical market in the United States is the largest in the world.  Currently, the percentage of GDP spending towards healthcare is the highest and is expected to be on the rise in coming years.  As a result, it is imperative to look for avenues to reduce the burden on the system. 

When compared to the overall pharmaceuticals market, biologics though, garner a minuscule share in prescriptions.  However, this equates into 15% of the market value, which is high compared to the number of prescriptions.  In his presentation, Acharya suggests biologics as one of the options to reduce the cost of healthcare spending and attempts to understand the overall opportunities and challenges for follow-on biologics in  the United States.

Xiaoyuan Shi, "Emerging Trends of Internal Audit in Risk Management"

The business world is becoming increasingly complex due to new, evolving and emerging risks.  Organizations are giving risk management more consideration, internal auditors are finding they can play important roles in risk management and may become a powerful promoter of enterprise risk management practices.  How can internal auditors shape their future?  In her presentation, Shi will introduce current internal audit activities and provide some insight into the direction of how internal auditors expect to perform in the coming years.  Shi will also provide her analysis of what is and what should be the role of internal audit in risk management. 

Guoqiang Zhao, "What Can China Learn from the U.S. Financial Crisis?"

The 2007-09 financial crisis triggered by the burst of the housing bubble proved to be the worst since the Great Depression of the 1930s.  As boom and bust repeated periodically, Zhao has tried to find out the vulnerabilities in both the private and public sector that caused this recent crisis to be so devastating.  Zhao shares recommendations for the reform of the Chinese financial system. 

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

Sanat Deshpande, "Best Practices in Pharmaceutical Supply Chain Management"

The pharmaceutical supply chain is very complex and highly responsible to ensure that the right drug reaches the right person at the right time in the right condition to meet the medical needs to fight against disease.  Anything less than 100% service level is unacceptable.  The pharmaceutical industry is facing a series of challenges such as counterfeiting and cold chain management.  In addition to these challenges, developed countries like the United States are also dealing with the patent cliff and healthcare reforms.  There is a growing oversight by the regulatory authorities across the world to ensure patient safety when it comes to pharmaceuticals.  In his presentation, Deshpande will discuss the growth of the pharmaceutical industry focusing on the challenges faced by the supply chain and key areas where companies can improve for the future.

Ryo Masuda, "What Can the Cable TV Industry Learn from the Strengths of Over-The-Top Providers"

One of the biggest concerns for the cable TV (CATV) industry in the United States has been the competition with Over-the-Top providers (OTT).  OTT providers like Netflix and Hulu have been successful in penetrating its service in recent years by providing customers with TV content over the internet for a cheaper monthly flat rate.  Masuda has analyzed the current fundamental differences in service strategies of CATV and OTT providers and their customer behavior. In his research presentation, Masuda tries to answer the question – “Can the CATV industry really compete with OTT providers and what can we learn from those strengths to develop services in the future?” 

Wei Shi, "A Comparison Between the U.S. and China's Credit Card Markets - The Englightenment to the Development of ICBC's Credit Card Business"

Based on a statement of the basic information of China’s credit card market development and a comparison to that of the United States, Shi has researched the main problems that China’s credit card industry currently faces.  He has focused especially on the case for the Industrial and Commercial Bank of China (ICBC) by studying market conditions, credit environment, management risks, and regulatory policy, as well as the reasons and causes of these conditions.  Based on his findings, Shi proposes suggested solutions that will help to further develop the credit card business at ICBC. 

** We are currently experiencing some problems with our online RSVP system.  If you have any difficulty registering for this event, please send an email directly to the organizer, Denise Masumoto, via email masumoto@stanford.edu.  Thank you for your cooperation.  **

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

Yasuaki Hanai, "Are Japanese Electric Companies Becoming Obsolete? –  Rethinking Strong Points for Japanese Electric Companies

In recent years, it has become very common to take pictures using a smart phone or tablet, such as an iPad, and to share this information via social media outlets such as Facebook, Twitter and Instagram.  Japanese electric companies and products have been noticeably absent from this area, except for the single-lens reflex camera.  How has this happened?  Why have Japanese electric companies suffered a decline?  In his research, Hanai tries to answer these questions by analyzing the financial reports of various Japanese companies after the bubble economy collapse.  Hanai also considers strong points for Japanese electric companies and what the next actions should be to reverse the decline.

Saiko Nakagawa,  "Systemic Risks in the Japanese Banking Sector"

“Systemic risk” has become a buzzword after the global financial crisis in 2007-08.  Due to its elusive nature, there have been active discussions among scholars, international organizations and national regulators on how to measure and address the risk in order to prevent the next crisis.  In her presentation, Nakagawa will introduce these recent discussions and argue the implications to Japan’s financial sector.

Masashi Suzuki, "Dismal Software Industry in Japan – Will It Be Disrupted or Will It Discover Its Own Way like U.S. Players?"

In his research, Suzuki provides an historical analysis of the software market in Japan and the United States as well as a comprehensive analysis of the status quo of these two countries. Are there ways to improve the unfavorable situation in Japan?  Suzuki attempts to provide an answer to this question in his research presentation. 

Bin Wang, "Innovation and New Venture Strategies in China"

In recent years, entrepreneurship has played an increasing role in promoting economic growth in China.  The Chinese government began to pay more attention to encourage entrepreneurship in order to reform the economic structure.  Wang’s research examines the characteristics of the emerging industry and reveals a positive relationship between innovation capabilities and growth of new venture.  He developed a framework to classify new venture strategies based on market characteristics and innovation capabilities, identified ten strategic types, and reviewed their impact on performance in new ventures in China.  Wang’s research attempts to provide important guidelines for venture capital to identify potential investment opportunities.  These guidelines will also help entrepreneurs to identify an appropriate strategy to pursue business opportunities in given situations. 

Ian Morris, Jean and Rebecca Willard Professor of Classics, Professor of History, and Fellow of the Stanford Archaeology Center, Stanford Unviersity

Thomas Fingar, Oksenberg-Rohlen Distinguished Fellow, Freeman Spogli Institute for International Studies, Stanford University

Francis Fukuyama, Olivier Nomellini Senior Fellow, Freeman Spogli Institute for International Studies, Stanford Unviersity (moderator)

In his two recent books, "Why the West Rules--For Now" and "The Measure of Civilization", Ian Morris has designed an index of social development, to quantify social power in different parts of the world across the 15,000+ years since the end of the last ice age. The index suggests three main conclusions--first, that geography has been the main force behind the West's global dominance; second, that the East is likely to catch up in the late 21st century; and third, and most importantly, that the world will see bigger transformations in the next 100 years than it did in the last 100,000 years. 

Grant Miller will discuss the results of his SAPARC-funded research in rural China, supplementing a large NIH-funded project about pay-for-performance to improve health. The research was designed to test the effect of offering school principals small incentives for anemia reduction on the health and academic performance of primary school students – potentially leading to substantially more cost-effective health policies.

Grant Miller, PHD, MPP, is an Associate Professor of Medicine at the Stanford School of Medicine, a Core Faculty Member at the Center for Health Policy/Primary Care and Outcomes Research, and a Research Associate at the National Bureau of Economic Research (NBER). He is also a Faculty Fellow of the Stanford Center for International Development and a Faculty Affiliate of the Stanford Center for Latin American Studies. His primary areas of interest are health and development economics and economic demography.

Miller's current research focuses broadly on behavioral obstacles to health improvement in developing countries. One line of studies investigates household decision-making underlying puzzlingly low adoption rates of highly efficacious health technologies (like point-of-use drinking water disinfectants and improved cookstoves) in many poor countries. Another vein of research investigates misaligned macro- and micro-level incentives governing the supply of health technologies and services. He has conducted these and other research projects at institutions including the National Bureau of Economic Research, the Urban Institute, and the University of California-San Francisco's Institute for Health Policy Studies. He received a BA in psychology from Yale College, a master's degree in public policy from the Kennedy School of Government at Harvard University, and a PhD in health policy/economics also from Harvard.