The role of location is gaining attention as a contributor to firm and industry competitiveness. A number of researchers have linked innovation and productivity to the geographic clustering of firms. While a variety of industry clusters in the United States and abroad have been studied, seldom have they been considered within the context of global competition. Global competition complicates the location decision. Drawing on extensive evidence from the hard disk drive industry, including information on the complete population of firms since the industry's inception, this presentation offers a framework for understanding the dynamics of industry location in international competition. David McKendrick is Research Director of the Information Storage Industry Center at the University of California, San Diego. His current research focuses on the role of location in competitive advantage, the effects of geographic dispersion on innovation and learning in multinational corporations, and the evolution of international competition. Prior to joining UCSD, he taught in the business schools at the University of California, Berkeley, and the University of Texas at Dallas. He received his Ph.D. in business from the University of California, Berkeley.

There are several technology parks in India funded by both the state and the private sector. They have been widely criticized for offering either a poor habitat for technology development or for being too expensive. Mr. Vaghul heads India's largest development bank, ICICI. ICICI has newly promoted Knowledge Park in Hyderabad to uniquely focus on business R & D. Mr. Vaghul will explain the rationale for and development of Knowledge Park in the context of India's technology development. Narayanan Vaghul, a distinguished financier and currently a visiting professor at the Leonard N. Stern School of Business at New York University, is chairman of ICICI Limited. Mr. Vaghul has had a long, distinguished career as a banker. After qualifying as a B.Com. and Chartered Associate of the Indian Institute of Bankers, he started his career in 1957 with the State Bank of India. In 1974 he left SBI (as Chief Officer, personnel) to join the National Institute of Bank Management where he soon rose to the Chief Executive position of Director. Thereafter, he worked with two of the largest Indian commercial banks, Central Bank of India as Executive Director (1978-1981) and Bank of India as Chairman & Managing Director (1981-1984). From 1985 to date Mr. Vaghul has been Chairman of ICICI Limited. Mr. Vaghul's pioneering vision and stellar contribution to Indian industry was acknowledged when Business India, a leading Indian business magazine, selected him as Businessman of the Year (1992).

This is a time of tremendous opportunity, but to remain competitive every business is finding it necessary to be much more entrepreneurial. At SRI International, this has resulted in a new model for research and development with a focus on creating and delivering high-value solutions to the marketplace. For example, SRI spins off three to five new high-technology companies each year. This talk will review key elements of our model and the entrepreneurial process needed to successfully form high-technology companies within a relatively large R & D organization. The issues and challenges of our model will be discussed and compared against the global trends we observe. Curtis R. Carlson became President and Chief Executive Officer of SRI International in December 1998 after 25 years with Sarnoff Corporation, an SRI wholly owned subsidiary. Carlson joined RCA's Sarnoff Laboratory in 1973. He was named head of the Image Quality and Perception Research Group in 1981, Director of Sarnoff's Information Systems Research Laboratory in 1984 and Vice President of the laboratory in 1990. In 1995, Carlson became Executive Vice President of Sarnoff's Interactive Systems Division. Carlson has published or presented more than 50 technical publications and holds more than 15 U.S. patents in the fields of image quality, image coding and computer vision. While at RCA's Sarnoff Laboratories, he was the recipient of two RCA Outstanding Achievement Awards. Carlson received his B.S. in Physics from Worchester Polytechnic Institute and M.S. and Ph.D. degrees from Rutgers University. He is a member of the Institute of Electrical and Electronics Engineers (IEEE), Sigma XI, Tau Beta Pi and the Society of Motion Picture and Television Engineers.

The fact that software companies can be started with little more than a few programmers and their PCs has generated great interest in countries around the world looking for ways to get into the high-tech boom as part of their economic development strategy. Avron Barr and Shirley Tessler have been studying the Korean software industry in the context of their ongoing research on the worldwide software industry, looking for strategies that might help Korea develop her competitive strengths. They have looked at all aspects of the industry: software education, financial institutions and new business creation, habitat for startup companies, the domestic market, and global niche strategies. A summary of their findings and some possible recommendations will be discussed. Since 1994, Avron Barr and Shirley Tessler have been conducting SCIP's study of the worldwide software industry with Professor William F. Miller. They are also the principals of Aldo Ventures, Inc., a strategy consulting firm for software organizations. Avron studied Computer Science at Stanford, edited the four-volume Handbook of Artificial Intelligence, co-founded a Silicon Valley software start-up in 1981, and served as Marketing Director for a software publisher. Shirley also studied Computer Science at Stanford, and has an MBA from Wharton. She spent 16 years in corporate finance and M&A before joining Aldo Ventures in 1991. Together they have consulted with dozens of software companies and IT shops on the commercial application of advanced software technology and on the software industry.

Foreign-born engineers are a significant and fast growing presence in Silicon Valley. This talk will examine how first generation Chinese and Indian immigrants--who represent one-third of the engineering workforce in the region--have integrated into the local economy while simultaneously building long-distance linkages to regions in Asia. AnnaLee Saxenian is a Professor of City and Regional Planning at the University of California at Berkeley and an internationally recognized expert on regional economic development and the information technology sector. Her current research examines the contributions of skilled immigrants to Silicon Valley and their growing ties to regions in Asia. Her recent publications include Silicon Valley's New Immigrant Entrepreneurs and Regional Advantage: Culture and Competition in Silicon Valley and Route 128. She has written extensively about innovation and regional development, urbanization, and the organization of labor markets in the San Francisco Bay Area. Saxenian is the Gordon Cain Senior Fellow at the Stanford Institute for Economic Policy Research for the 1999-2000 academic year. She holds a Doctorate in Political Science from MIT, a Master's degree in Regional Planning from the University of California at Berkeley, and a BA in Economics from Williams College in Massachusetts.

The Vietnam IT Forum 2001 will present an overview of Vietnam's infomation technology industry and its potential for U.S. participation. The conference showcases the emergence of Vietnam, particularly the technology sector and fetures the opportunities and challenges presented by these developments. The conference will examine the Bilateral trade Agreement, along with opportunities in softwre development, multimedia, telecommunications, networking, Internet/e-business, outsourcing, and foreign direct investment and financing. To indicate your interest in attending, please contact Q. Huy D. Do, Attorney-at-Law, Squire, Sanders & Dempsey LLP. Tel: 415-954-0343, Fax: 415-391-2493, Email: qdo@ssd.com ***** THIS EVENT IS BY INVITATION ONLY. *****

Through interviews with and analysis of the portfolio of French VCs in Silicon Valley, Professor Ferary is examining ties between VCs and entrepreneurs based on nationality, education and professional background. He describes how French venture capitalists use the French network in their businesses and how they try to get inside others' social networks to increase their resources and accumulate social capital. An exchange theory based on the gift exchange theory can be used for understanding VC behavior and relations. Currently a visiting scholar at Stanford's Sociology Department, Michel Ferary is an assistant professor at Essec School of Management in Paris, France. He earned a PhD in business administration from HEC (France) and worked for three years as a consultant in financial services for Andersen Consulting and Gemini Consulting. In addition to current work on French VCs in Silicon Valley, Professor Ferary's research focuses on the function of social networks in the financial risk evaluation done by bankers.

In many markets, organizations compete with rivals from all over the world, transcending national boundaries. We offer a theory to explain patterns of global competition, proposing that global competition "coevolves" in an ecology of learning organizations. Our theory points to certain conditions under which such evolution intensifies competition, but also to patterns of adverse selection within and among organizations. We test our theory in a study of organizational failure rates among all computer hard disk drive manufacturers that have ever existed, and find that our theory is able to explain patterns of competition in that industry over its history. William P. Barnett is an Associate Professor of Strategic Management and Organizational Behavior at the Graduate School of Business, Stanford University. He studies competitive systems within and among organizations, focusing especially on how competitiveness evolves as organizations grow and change. This research includes empirical studies of the evolution of organizational performance, the organizational and career determinants of entrepreneurship, the effects of technological and regulatory changes on competition among organizations, and how competitiveness evolves over time and across markets. His work reports on a range of firms and industries, including organizations in telecommunications, semiconductor manufacturing, beer brewing, newspaper publishing, and banking. Most recently he is studying the evolution of the computer industry. In 1988 he received his Ph.D. in Business Adminstration from the University of California, Berkeley.

Silicon Valley has become a melting pot of talent, opportunity, and capital from not only the United States but around the world. This seminar will focus on how Korean entrepreneurs can incorporate and manage high-tech ventures successfully in Silicon Valley by overcoming critical barriers--managerial, technical, and cultural. Based on in-depth case studies of Korean start-ups in Silicon Valley, this presentation identifies problems faced by entrepreneurs along the stages of venture development. It also suggests to Korean entrepreneurs a process to overcome barriers through support from partners and advisory experts in Silicon Valley and Korea. More specifically, this seminar will discuss the experiences of Korean start-ups in Silicon Valley in writing business plans, raising funds, hiring and motivating employees, and addressing cultural issues. In addition, some lessons and guidelines for foreign entrepreneurs in surmounting the obstacles for the successful incorporation and growth will be discussed, such as the importance of forming the founding team with complementary assets and the legal form of the entity.

Dr. Zong-Tae Bae is an Associate Professor at the Graduate School of Management, Korea Advanced Institute of Science and Technology (KAIST), Seoul, Korea. He is currently on sabbatical from KAIST and working as a Visiting Scholar of the Graduate School of Business (GSB) and the Asia/Pacific Research Center (Shorenstein APARC) at Stanford University. His research interests include various aspects of technology management and entrepreneurship. Currently he is conducting a research project on a global model of new venture development. He has published 10 articles in international journals such as R&D Management and Journal of Production Innovation Management. He received a B.S. in Industrial Engineering from Seoul National University in 1982, and a M.S. and Ph.D. in Management Science from KAIST in 1984 and 1987, respectively.

The Israeli economy is in an age of change. It is changing at a fundamental level from labor-intensive, low technology industries to cutting edge high technology products aimed for export markets. Now that Israel is a major source of innovation, technology has become a source of significant connections with Silicon Valley. Major activities between the US and Israel are growing, and the trend, particularly with Silicon Valley, is now stronger than ever. What are the major kinds of ties between Israel and Silicon Valley? And what factors are driving the economic activities in Israel? Yishai Laks holds the position of the Government of Israel's Consul for Economic Affairs for the United States Northwest region (including Northern California, Alaska, Washington, Oregon, Wyoming, Idaho, and Montana). From his headquarters in Santa Clara, California, Mr. Laks directs all aspects of economics relationships between the region and Israel, assisting US companies in establishing investments, joint ventures, and trade relationships with Israel and Israeli companies. Prior to this appointment, Mr. Laks served as Economic Advisor to the Director General in Israel's Ministry of Industry and Trade from 1994 to 1997. During his tenure, he advised the Director General on all aspects of the Ministry tasks and work. From 1992 to 1994 Mr. Laks was in charge of the trade between Israel and the East European and EFTA countries at the Foreign Trade Administration. Mr. Laks received his B.A. and M.B.A. from Tel-Aviv University, Israel emphasizing in Marketing and International Management.