This seminar is part 1 of SPRIE's 5-part series on "Greater China: Entrepreneurial Leaders."

For a long time, researchers have asked whether the success of Silicon Valley can be replicated elsewhere. There have been various levels of attempts and various levels of success outside the United States.

Depending on how success is measured, one can draw different conclusions. How do we evaluate Hsinchu Science Park? Have they created innovative products? Have they produced entrepreneurs? How do they stack up to Silicon Valley? What is their competitive edge? As China joins the WTO, what should its strategy be?

On a long-term basis, what are the factors that will drive and deliver sustainable competitive advantages? With changes in global economic conditions, how does one re-evaluate the Silicon Valley model? As China joins the WTO, what should its strategy be? And as China becomes the manufacturer of the world, what is its impact on Taiwan and Silicon Valley?

This talk offers an analysis of experiences in Silicon Valley and Asia in the past twenty years. It also offers some reflections on the model and strategy for Greater China.

Since November 1998, Sha has been a managing partner at Spring Creek Venture, which specializes in early-stage venture investment and business consultation with Internet and infrastructure companies. Sha is currently serving on the board of directors of several start-up companies, including Appstream, Acela, Aduva, E21, LiveABC, Optoplex, Mediostream, and Tom.com.

Sha has extensive experience as a leader of high technology companies. He served as CEO for Sina.com and senior vice president of Commerce Solutions at Netscape Communications. While at Netscape, he served concurrently as president and CEO of Actra Business Systems, a joint venture formed by Netscape and GE Information Services. A company Sha built from scratch, Actra was the first company to focus on business-to-business e-commerce and e-procurement application systems. Prior to Actra, Mr. Sha served as vice president and general manager of business-to-consumer integrated application business at Netscape Communications and vice president of the UNIX Product Division at Oracle Corporation.

In his community service, Sha served as chairman of the Monte Jade West Coast association from 2000-2001. Sha currently is serving as chairman of the Monte Jade Global Association, the premier technology entrepreneur association with twelve chapters in the United States, Canada, Singapore, and Taiwan.

Mr. Sha holds an MS in EECS from the University of California at Berkeley, an MBA from Santa Clara University, and a BS in EE from Taiwan University.

As Secretary of the Technology, Trade, and Commerce Agency, Lon Hatamiya advises the governor and the legislature on all matters related to international business, serving as the voice of California's private sector in the State Cabinet. Appointed by Governor Gray Davis in 1999 and confirmed unanimously by the State Senate, Secretary Hatamiya is the first Asian-American to hold a cabinet-level position in California history. As the state's primary promoter of economic development, he directs numerous programs stimulating economic activity for international trade and investment, and under his leadership the Agency added the Division of Science, Technology, and Innovation, focusing on R&D and the commercialization of new technologies. Prior to his appointment as secretary, Mr. Hatamiya served as administrator for the Foreign Agricultural Service in the United States Department of Agriculture (USDA). He holds a degree in economics from Harvard University, and JD and MBA degrees from the University of California, Los Angeles.

This talk will discuss Wipro's growth to become one of India's top three software service providers and its readiness for the future. To achieve its current position, a key strategy was to develop human capital by providing an entrepreneurial working environment and undertaking a higher level of complexity of work than available with competitors, supplemented by an internal degree program. How will this strategy help the firm in the emerging environment characterized by a slowdown in traditional businesses, strategic shifts towards high-end work and the growth of untraditional, IT-linked businesses (such as business process outsourcing)?

This presentation analyzes the factors influencing South Asian entrepreneurial expansion in the UK and the validity of conventional wisdom, which attributes South Asian business success to cultural factors. It suggests that entrepreneurial growth depends on human capital factors like education and prior experience, the investment of personal savings at start-up and breaking away from a management strategy bound by immigrant culture. At the same time, strengthening links with one's country of origin has a positive impact on growth. The findings have implications for aspiring entrepreneurs and for policy makers and agencies that aim to encourage the growth of South Asian and more generally, immigrant ethnic minority entrepreneurship. Dr. Basu has a background in economics, international finance and management. She holds a doctorate in economics from the University of Cambridge. Dr. Basu's research interests include migration and ethnic entrepreneurship, small firm growth, decision-making and economic adjustment of enterprises. Her current research interests focus on immigrant entrepreneurship and the role of the family in immigrant business development. She has published papers in several leading international refereed journals.

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.