CISAC Faculty Member Amy Zegart explains the politics behind leading the CIA: winning trust and support within the organization and with outsiders. David Petraeus excelled at maintaining outside support for the CIA, but could not win over the intelligence community.
Thee next CIA director will need to address major problems such as the military's increasing influence over the "spying business" and the agency's role in the tactical operations, all while the DoD increases its own intelligence activity.
Due to circumstances beyond our control, SPRIE announces its withdrawal as co-organizer of the ‘2012 Forum on Global Competitiveness and Sustaining Company Growth’ and its Leadership Program on December 6-7, 2012. Thank you for your interest.
The Stanford Program on Regions of Innovation and Entrepreneurship (SPRIE) Stanford Graduate School of Business, Stanford University
The Stanford Program on Regions of Innovation and Entrepreneurship (SPRIE) cordially invites you and your guests to an invitation-only roundtable with two research pioneers at Stanford University on drivers for innovation and entrepreneurship of Silicon Valley.
This roundtable is designed to bring together a small circle of the Valley's leading executives, entrepreneurs, investors, service providers, and Stanford faculty for an in-depth, off-the-record conversation. Your participation and insights will inform future research at Stanford on topics relevant for the future sustainability of the Valley.
CHARLES EESLEY Assistant Professor Department of Managament Sciences and Engineering Stanford University
Charles Eesley, Assistant Professor, Dept. of Management Sciences and Engineering, Stanford University
SHAI BERNSTEIN Assistant Professor of Finance Stanford Graduate School of Business
Shai Bernstein, Assistant Professor of Finance, Stanford Graduate School of Business
8:30AM: Welcome and Introductions
8:40AM-9:30AM: "Stanford University’s Economic Impact via Innovation and Entrepreneurship"
Topic for discussion:
How do various key institutions of the Valley's ecosystem, such as Stanford, contribute to real economic outcomes in innovation and entrepreneurship?
How can they be measured? What has been Stanford's economic impact?
How has it changed over time? What light does this new analysis shed on changes and vulnerabilities for the Valley going forward?
Charles Eesley will share the results of a newly-released study that puts into perspective the sheer scale of Stanford's economic impact. In this systematic survey of Stanford alumni and faculty conducted by Eesley and SPRIE co-director William F. Miller, it is estimated that companies formed by Stanford entrepreneurs generate world revenue of $2.7 trillion annually and have created 5.4 million jobs since the 1930s. In addition to quantifying Stanford’s economic impact, the report examines Stanford’s role in fostering entrepreneurship and describes how the university creates an ecosystem that encourages creativity and entrepreneurship across schools and disciplines.
Moderator: William F. Miller, SPRIE Co-director; Herbert Hoover Professor of Public and Private Management Emeritus, Stanford Graduate School of Business
Discussant: Dixon Doll, Co-Founder and General Partner, DCM
Roundtable Discussion: All
9:30AM - 10:20AM: "Does Going Public Affect Innovation?"
After going public, how do firms perform in innovative activities, such as internal innovative projects, inventors' turnover, and reliance on acquisition of external technologies? Is the overall"IPO effect" positive or negative for a firms' innovation? Why? What implications does this have for innovation strategies in Silicon Valley?
Shai Bernstein will share his new findings on the "IPO effect" by comparing the long-run innovation of …firms that completed their filing and went public with that of …firms that withdrew their filing and remained private due to exogenous reasons. Using standard patent-based metrics, the results illustrate that the quality of internal innovation of public firms declines by 40 percent relative to …firms that remained private. He will discuss the reasons why and public leads firms to change their strategies in pursuing innovation.
Moderator: Henry S. Rowen, SPRIE Co-director; Senior Fellow, Hoover Institution, Stanford University
Discussant: Bob Pavey, Partner, Morgenthaler Ventures
Roundtable Discussion: All
10:20AM-10:30AM: Wrap-up Discussion
All participants should RSVP by Wednesday, October 31.
Any further questions, please contact Yan Mei at yanmei@stanford.edu, or 650.725.1885.
Oberndorf Event Center, 3rd Floor, North Building, Knight Management Center, 641 Knight Way, Stanford Graduate School of Business, Stanford, CA 94305-7298
Does labor mobility matter for innovation more in some countries than in others? Based on theoretical considerations of the economic systems literature we argue that labor flexibility has different innovation effects depending on national-level institutions. This talk further argues that institutional constraints may be encountered by creating functional equivalents. The analysis is based on career histories in the videogames industry. The videogames industry is structured differently between the best performing countries U.S. and Japan. This raises two issues on human capital diversity: How does composition of human capital affect innovation? How do people react towards institutional constraints in the labor market? Contrasting approaches on the systematic relations between the structure of labor markets and the dynamics of innovation is first introduced, the seminar will then present an empirical case which is based on the career histories of 39.439 videogame developers between 1999 and 2009.
This talk is part of the seminar series hosted by by the Stanford Project on Japanese Entrepreneurship (STAJE) at Stanford Program on Regions of Innovation and Entrepreneurship, Stanford Graduate School of Business, and sponsored by The Miner Foundation.
About the speaker
Cornelia Storz is Professor for the Study of Economic Institutions and East Asian Development at the University of Frankfurt, Faculty of Economics and Business Administration, and affiliated to the Interdisciplinary Centre for East Asian Studies (IZO). She is associate researcher of the EHESS, Paris.
Her research focuses on comparative institutional analysis, innovation and industry emergence. With scholarships of JSPS, JILPT, BMBF and others she has been invited to the University of Tokyo, the Japan Institute for Labour Policy and Training, the RIETI at METI, the Hitotsubashi University, the Stanford Graduate Business School and others. She was granted research funds by the Federal Ministry of Education and Research, the Wolfgang Ritter Foundation, the Japan Foundation and others.
Recent papers have been published in Research Policy, ZfB and Social Science Japan Journal. She is co-editing a special section of Research Policy on “Path Dependence and Emergence of New Industries” and a special issue of Socio Economic Review on “Asian Capitalism” (both forthcoming). She is co-author of Institutional Diversity and Innovation. Continuing and Emerging Patterns in Japan and China (Routledge, 2011) and co-editor of Institutional Variety in East Asia. Formal and informal patterns of coordination (Edward Elgar, 2011). She is co-organiser of the SASE network “Asian Capitalisms” and member of executive committee of the European Research Network EJARN, based at the Stockholm Schools of Economics.
SE107, First Floor, Serra East Building, Knight Management Center, Stanford Graduate School of Business, Stanford, CA94305-7298
Cornelia Storz
Professor for the Study of Economic Institutions and East Asian Development
Speaker
University of Frankfurt
William F. Miller
Moderator
Seminars
Stanford Project on Japanese Entrepreneurship (STAJE)
This talk will describe new research showing that bankruptcy law reforms affect the rate of founding by well-educated and older entrepreneurs and the performance of their ventures.
The seminar will show the results of a natural experiment in Japan where changes to bankruptcy laws reduced the consequences of closing a company to find that:
likelihood of bankruptcy increases, especially for firms founded by elite entrepreneurs
elite entrepreneurs form an increasing proportion of the new firms
new firm performance increases as these elite entrepreneurs are more likely to found higher performing firms.
While prior research emphasizes the lowering of entry barriers, our work suggests that reducing the "barriers to failure" can stimulate venture formation among elite individuals leading to higher performing firms. Overall, we find that legal reforms that reduce failure barriers encourage "better", not just 'more", entrepreneurs to found ventures.
This talk is part of the seminar series hosted by the Stanford Project on Japanese Entrepreneurship (STAJE) at Stanford Program on Regions of Innovation and Entrepreneruship, Stanford Graduate School of Business, and sponsored by The Miner Foundation.
M105, McCelleand Building, Knight Management Center, Stanford Graduate School of Business
Robert Eberhart
Speaker
William F. Miller
Moderator
Seminars
Stanford Project on Japanese Entrepreneurship (STAJE)
About the Topic: Conventional accounts of the proliferation of illicit transnational actors--ranging from migrant smugglers to drug traffickers to black market arms dealers--describe them as increasingly agile, sophisticated, and technologically savvy. Governments, in sharp contrast, are often depicted as increasingly besieged, outsmarted, poorly equipped, and clumsy in dealing with them. While there is much truth in these common claims, Andreas argues that they are overly alarmist and misleading and suffer from historical amnesia. Drawing especially from the U.S. historical and contemporary experience, he offers a corrective that challenges common myths and misconceptions about the illicit side of globalization.
About the Speaker: Peter Andreas is a professor of political science and international studies in the Department of Political Science and the Watson Institute for International Studies at Brown University. Andreas has published nine books, including Blue Helmets and Black Markets: The Business of Survival in the Siege of Sarajevo (Cornell University Press, 2008) and Border Games: Policing the U.S.-Mexico Divide (Cornell University Press, 2nd edition 2009). Other writings include articles for publications such as International Security, International Studies Quarterly, Political Science Quarterly, Foreign Affairs, Foreign Policy, The New Republic, and The Nation. His latest book is on the politics of smuggling in American history, titled, Smuggler Nation: How Illicit Trade Made America (Oxford University Press, 2013).
CISAC Conference Room
Peter Andreas
Professor of Political Science and International Studies, Brown University
Speaker
Charles Eesley, Assistant Professor, Dept. of Management Sciences and Engineering, Stanford University
Shai Bernstein, Assistant Professor of Finance, Stanford Graduate School of Business