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

Toshifumi Kadowaki, "The Keys to Successful M&As in High-Tech Industries - Based on a Study of the HP-Compaq Merger"

Mergers and acquisitions (M&As) are tactics, not strategy.  Successful M&As, however, can be considered one of the most useful tactics in realizing corporate strategy because M&As often save time and can even save money and reduce risk.  Many high-tech companies, therefore, have made a large number of M&As recently.  Numerous empirical studies, though, have shown that most M&As fail. Through the case study of the Hewlett Packard-Compaq merger, Kadowaki analyzes what makes M&As successful and what causes them to fail.

Oshie Sato, "Dawn of a new Era in the Video Industry - Impact of Smart TVs from a Historical Perspective of Broadcasting and Movie Industries in the United States and Japan"

After prospering for more than a half century both in the United States and Japan, the broadcasting and movie industries have reached a turning point of their business models.  This is due mostly to the rise of competition with the Internet since the late 1990s and a global recession led by Lehman's fall in 2008.  What will happen to these industries in the U.S. and Japan over the next decade?  Sato analyzes a future picture of the broadcasting and movie industries, focusing on the impact of smart TVs - next-generation video devices such as Google TV and Apple TV.

Sonya Vasudeva, "Pharmacogenetics in Cancer:  Steps Towards Personalized Medicine"

The variability in clinical response to drug treatment has been well known for decades.  An era of pharmacogenetics started almost fifty years ago when it was recognized that a part of this variation is inherited, and can therefore be predictable.  With the wealth of information readily available online, the promise of personalized medicine looms large, but the generalization into clinical applications of pharmacogenomics has been more challenging.  In Vasudeva's research, she shares examples of tests, which are integrated by USA FDA and EMA into drug lables, one example being K Ras mutation for metastatic colorectal cancer.  Vasudeva argues that the increased availability of such tests may transform the field of medical oncology, moving treatment from the "one size fits all" approach to a personalized therapy based on variations in an individual genome.

Philippines Conference Room

Toshifumi Kadowaki Speaker Sumitomo Corporation
Oshie Sato Speaker Sumitomo Corporation
Sonya Vasudeva Speaker Reliance Industries
Seminars
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The recent uprisings in North Africa and the Middle East represent one of the most dramatic global political developments since the fall of the Berlin Wall.  What factors and forces led to the sudden collapse of well-entrenched regimes and the emergence of democratic reform movements across a region long accustomed to hereditary succession and autocratic rule?  Does the current upheaval reflect unique circumstances in the Arab World?  Or should it be viewed in the wider context of governance issues and challenges that have arisen in Asian and other settings beyond North Africa and the Middle East?  As a governance specialist whose international career has spanned Arab and Asian societies, David Arnold will share his insights regarding these questions.  

David D. Arnold became the president of The Asia Foundation on January 1, 2011, after serving as the president of the American University in Cairo (AUC) for seven years. At AUC he superintended the construction of a new, state-of-the-art $400 million campus, including the region's largest English-language library; spearheaded a $125 million fundraising campaign, the largest in the University's history; and oversaw academic innovations including AUC’s first-ever PhD program and master’s programs in education, biotechnology, gender studies, digital journalism, and refugee studies.  Under his leadership, AUC also expanded its continuing education and community outreach activities and created new scholarship opportunities for its students.  Mr. Arnold’s earlier career included six years as executive vice president of the Institute of International Education and more than ten years of service in the Ford Foundation including stints in India, Nepal, and Sri Lanka.  He earned his Master’s in Public Administration at Michigan State University following a BA from the University of Michigan.

Philippines Conference Room

David D. Arnold President Speaker The Asia Foundation
Seminars

Department of History
Building 200, Room 11
Stanford, CA 94305-2024

(650) 725-5560 (650) 725-0597
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Daniel E. Koshland Professor in Jewish Culture and History
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Steven J. Zipperstein is the Daniel E. Koshland Professor in Jewish Culture and History at Stanford University. He has also taught at universities in Russia, Poland, France, and Israel; for six years he taught Jewish history at Oxford University. From 1991-2007, he was Director of the Taube Center for Jewish Studies at Stanford. Zipperstein is the author and editor of nine books including The Jews of Odessa: A Cultural History (1986, winner of the Smilen Prize for the Outstanding book in Jewish history); Elusive Prophet: Ahad Ha’am and the Origins of Zionism (1993, winner of the National Jewish Book Award); Imagining Russian Jewry (1999); and Rosenfeld’s Lives: Fame, Oblivion, and the Furies of Writing (2008, shortlisted for the National Jewish Book Award in Biography, Autobiography and Memoir).  His work has been translated into Russian, Hebrew, and French. Zipperstein’s latest book, Pogrom:  Kishinev and the Tilt of History, published by Liveright/W. W. Norton in 2018, has been widely reviewed in newspapers and magazines in the United States and England including The New York Times, New York Review of Books, The New Yorker, The New Statesman, Literary Review, and the San Francisco Chronicle. The Economist, Ha-Aretz, San Francisco Chronicle and Mosaic Magazine have named it one of the best books of the year.  It was a finalist for the National Jewish Book Award (History) and Mark Lynton award for the best non-fiction book of 2018. 

He has been awarded the Leviant Prize of the Modern Language Association, the Judah Magnes Gold Medal of the American Friends of the Hebrew University, and the Koret Prize for Outstanding Contributions to the American Jewish community.  He has held fellowships at the Radcliffe Institute at Harvard University, the Institute for Advanced Studies at the Hebrew University of Jerusalem, the Yitzhak Rabin Institute in Tel Aviv, and has twice been a Visiting Professor at the Ecole des Hautes Etudes Sciences Sociales.  In spring 2014, he was the first Jacob Kronhill Scholar at the YIVO Institute for Jewish Research, in New York. At Stanford, and earlier at Oxford and UCLA, he has supervised the dissertation work of more than thirty students now teaching at universities and colleges in the United States, Canada, and elsewhere.  He has delivered keynote addresses and endowed lectures at several dozen universities in the United States and abroad including the Hebrew University, Jerusalem; Central European University, Budapest; Emory; UCLA; University of Wisconsin, Madison; Vanderbilt, and the National Yiddish Book Center. 

Zipperstein’s articles have appeared in The New York Times Sunday Book Review, the Washington Post, The New Republic, the Jewish Review of Books, Chronicle of Higher Education and in many scholarly journals.  He was an editor of Jewish Social Studies for twenty years, and the book series Stanford Studies in Jewish History and Culture for a quarter of a century.  He is immediate past Chair of the Academic Council of the Center for Jewish History, in New York. Together with Anita Shapira, he is series editor of the Yale University Press/Leon Black Foundation Jewish Lives volumes that were named in 2015 the best books of the year by the National Jewish Book Council -- the first time a book series has won this prize. Some forty-five Jewish Lives books have already appeared, and Zipperstein is currently at work on a biography of Philip Roth for the series.  He and his wife Susan Berrin live in Berkeley.  

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One of the fastest-growing segments of livestock farming in the United States is aquaculture, according to Rosamond L. Naylor, a Stanford professor of environmental Earth system science and director of Stanford's Program on Food Security and the Environment. And like any other form of livestock, fish generate waste.

But just what happens to the waste produced by coastal aquaculture has largely been a matter of conjecture.

"For many years, people have assumed that because of the ocean's size, because of the energy in its currents, that any substance you introduced into the ocean would quickly be diluted into concentrations that were barely detectable," said Jeffrey R. Koseff, professor of civil and environmental engineering.

Now Koseff and Naylor, together with Oliver Fringer, assistant professor of civil and environmental engineering, and a team of colleagues, have developed a computational model that allows researchers to predict where the effluent from a coastal fish farm would go. The answer may not always be appealing to down-current swimmers and surfers.

"We discovered that the state of the natural environment around fish pens can dramatically affect how far waste plumes travel from the source," Koseff said. "This suggests that we should not simply assume 'dilution is the solution' for aquaculture pollution."

The simulation incorporates the influence of variables such as tides, currents, the rotation of the Earth and the physical structure of the pens in calculating the dispersal pattern of the waste.

"These plumes actually remain quite coherent at very long distances from the source and could become a major pollution problem in coastal regions," Koseff said.

Naylor and Koseff said the model should prove valuable in selecting appropriate sites for future fish farms. Knowing the amounts of feces and uneaten food that are generated by pens, researchers will be able to predict how that dissolved waste will travel from a particular location, given local conditions.

Fish pens off the coast of Greece. Aquaculture projects such as this are expected to play an increasing role in producing fish for consumption as wild fisheries decline, but dealing with the effluent from fish farms is an increasing concern.

Naylor said the model will likely show that some locations previously thought appropriate for fish farms are actually not suitable, but she doesn't think the aquaculture industry will necessarily see that as a bad thing. Having clearly defined boundaries of where aquaculture is acceptable will help the industry avoid conflict with other users of coastal waters.

"A lot of the industry people that I have talked to are not working against the environment, they are really trying to make aquaculture work, and this would provide a useful tool for them," Naylor said.

Naylor, Koseff and their colleagues will be publishing their findings in an upcoming issue of Environmental Fluid Mechanics. The paper is online now.

Naylor said their findings are quite timely, in light of legislation in the works at both the state and federal levels.

In 2006, California passed the Sustainable Oceans Act, aimed at protecting the biologically rich waters off the coast while also recognizing the importance and economic value of providing fresh seafood.

Naylor said that a draft of the regulations to implement that legislation is currently under review and this new modeling tool should help in setting guidelines for locating and monitoring aquaculture.

At the federal level, the National Oceanic and Atmospheric Administration is taking public comments through April 11 on a draft of a national aquaculture policy.

"After the bill is passed, rules and regulations will have to be written around it and what we are providing now is a tool to help with that," she said.

Koseff acknowledged that some people might balk at relying on a computer model to guide regulations.

"We understand and recognize the limitations of the simulations," he said. "But we have confidence that the physics that we are representing in the model are realistic and our results are very representative of what happens in a near-coastal environment."

Naylor said that for an aquaculture operation to be economically feasible, a lot of pens will likely have to be concentrated in one area, making waste a significant concern.

"I also work a lot in terrestrial livestock, and I think the dissolved wastes that come out are one of the worst aspects of intensive animal raising," she said.

"If we are really thinking about getting our animal protein from fish in the future, and it is coming from net pens that are in the ocean, one of the big fears is, are we going to have feedlots of the sea?

"We would really like to completely avoid the problems we have seen in terrestrial livestock. That would be the ultimate goal and this model can help achieve that."

Naylor is the director of Stanford's Program on Food Security and the Environment and a senior fellow at the university's Woods Institute for the Environment. Koseff is co-director of the Woods Institute and a senior fellow at the Freeman Spogli Institute for International Studies.

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"The challenges Seoul faces in the coming years will be how to balance its military alliance with the United States and its economic partnership with China," suggested Gi-Wook Shin, director of the Stanford Korean Studies Program, in a recent interview with the Korea Times. Shin suggested the idea for involving universities more in regional diplomacy discussions, and he briefly described his new research project which explores an alternative approach for South Korean diplomacy.
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