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This paper is examines the evolution of Japan’s capital markets and the related regulatory reforms after the Global Financial Crisis. We start by looking at the importance of capital markets in the Japanese financial system. We study how the size of financial flows through capital markets relative to those through the banking sector changed since the 1980s in Section 2. Then, in Section 3, we look at how Japan’s financial system responded to the Global Financial Crisis. We find that the disruption of the financial system in Japan was small. Section 4 then surveys the financial regulatory changes in Japan since the Global Financial Crisis. While the Japanese regulators tightened the regulation to improve the financial stability as the regulators in the U.S. and Europe did, they also continued the efforts to develop capital markets in Japan. The efforts continue and receive strong endorsement from Abenomics, which put an emphasis on economic structural reform to restore growth in Japan. We examine the capital market policies in Abenomics in Section 5. Section 6 concludes.

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World Scientific in International Economics
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Takeo Hoshi
Ayako Yasuda
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Kenji Kushida will provide an overview of canonical works of Silicon Valley, including work of Martin Kenney and his classic co-edited volume "Understanding Silicon Valley" and other more recent work drawn from the Stanford Silicon Valley - New Japan project’s "Top Ten Reading List of Silicon Valley." He will also share insights from a recent report co-authored with Richard Dasher, Nobuyuki Harada, Takeo Hoshi, and Tetsuji Okazaki entitled "Institutional Foundations for Growth" which partially draws from research on Silicon Valley.   

Kanetaka Maki will present his new research from a paper entitled "Milestones to University-Based Startup Success: What Is the Impact of Academic Inventor Involvement?” Based on the data analysis of 533 University of California startups, he will explain the impact of inventor involvement in the growth and success of university-based startups.

RSVP Required

 

Agenda
4:15pm: Doors open
4:30pm-5:30pm: Lecture, followed by discussion
5:30pm-6:00pm: Networking

 

For more information about the Silicon Valley-New Japan Project please visit: http://www.stanford-svnj.org/

Philippines Conference RoomEncina Hall, 3rd Floor616 Serra StStanford, CA 94305
Kenji Kushida, Research Associate, Shorenstein APARC Japan Program and Stanford Silicon Valley - New Japan Project leader
Kanetaka Maki, Research Associate, Shorenstein APARC Japan Program
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View the original article on the Stanford Social Innovation Review website here.


As more students look to pursue meaningful careers in the social sector, it is imperative that educational institutions offer experiential and purpose-based training to support their personal and professional growth. Complex local and global challenges demand innovative solutions that are developed collaboratively by those with the experience, relationships, and values to effectively advance social change. There is no textbook for teaching social change, and the closer we can bring students to social problems–both inside and outside of the classroom–the more informed and effective they will be in developing solutions.  

At Stanford University, where I help lead a program on social entrepreneurship, students become part of an entrepreneurial culture from the time they set foot on campus. Whether launching student groups or social enterprises, the desire—and pressure—to create something new permeates much of the fabric of student life on campus. This is reinforced by a surge of competitions and awards that encourage aspiring social changemakers to experiment, fail, and then try again. 

As the social entrepreneurship movement becomes increasingly more attractive to young people, we see that they are applying some of these market-driven principles—often unwisely—to the social sector. For example, the desire to start a new organization often outweighs the interest in driving change from inside an existing one as an “intrapreneur.” With an estimated 1.5 million nonprofit organizations in the United States competing for diminishing resources, it doesn’t always make sense to start something new when a product or service already exists. Failure may be a badge of honor for Silicon Valley entrepreneurs, but when nonprofits close their doors, they let down the communities they are trying to serve and waste precious resources that they could have directed elsewhere. 

With this in mind, we designed our program to equip future generations of social change leaders with a fuller range of skills—and the humility—they need to be impactful in their work. Through experiential learning inside and outside the classroom, students work alongside nonprofit organizations to witness how they innovate new approaches to social-change problems. They are able to observe how organizations tackle challenges with creativity, empathy, and a partnership-based approach, helping provide a holistic set of values that will serve them in their future careers. As more students graduate to pursue social-sector careers, it is increasingly important for higher education and leadership programs to incorporate these practice-based experiences into their curriculum, and better connect theory with practice. Cornerstones of our program include:

  • Community-engaged learning underpins our teaching model. Students get to work on service-learning projects for local nonprofit organizations and learn how successful organizations deliver social change. When designing high-impact fundraising campaigns or surveying partners in the field, students work on projects to support an organization’s growth, while gaining practical skills. At the same time, they experience the values and culture that guide mission-driven organizations. Interacting with the local community outside of the classroom builds listening and empathy skills, while asking challenging questions about privilege and bias that emerge through these experiences. Working with the executive directors of these organizations underscores the backbreaking work that it takes to launch, grow, and scale-up a social change organization—lessons that can help influence their own career decisions. 

  • Field-based fellowships give students the opportunity to serve internationally or locally with our nonprofit partners to implement their service-learning projects in the field. More importantly, these experiences let students explore the local context of the problem, engage directly with community partners, and examine the greater ecosystem in which the organization is operating. This perspective can profoundly transform how a student views a problem, and inform the way they design a program or intervention. Student internships or programs like Alternative Spring Break, where students volunteer their time during a school holiday to examine a social issue in their local community, should be part of any social-impact program so that they have a direct connection to the social challenges they are often so far removed from in their everyday lives. 

  • The partnership approach: Our program also helps reinforce the importance of partnerships as an essential building block for social change. As evidenced by so many failed development projects, organizations operating with good intensions but without community partnership will not only fail, but also risk negatively impacting the communities they are trying to serve. We highlight some of these missteps inside the classroom and contrast them with strong models from our community partners. These include the Global Women’s Water Initiative (GWWI), which works together with African women to build culturally appropriate, locally sourced, and sustainable clean water technologies. Many of these remarkable women have then gone on to start GWWI chapters in East Africa, becoming water trainers and entrepreneurs themselves. Students learn from these anecdotes, and the importance of building trust in a community, because solutions imposed from the outside rarely last. We model the value of partnership inside the classroom by grouping students into teams for service-learning assignments so they bring a diverse set of skills, perspectives, and experiences to the assignment. Team-based work underscores the collaborative nature of social change; it highlights the value of working together to generate ideas that are not driven by one person alone, but by the collective knowledge of a group.

  • Stanford student (left) with the Global Women’s Water Initiative team during a Stanford Haas Center supported summer fellowship in Uganda. (Image courtesy of Global Women’s Water Initiative team)

    Connecting to youthful purpose: Research highlights the important role that teachers and universities play in helping young people connect to their greater purpose—something many struggle to find at a young age. We are experimenting with innovative curriculum and training programs that shine a more introspective lens on this question through practical exercises and reflective work. Curriculum, such as Echoing Green’s Work on Purpose, help young people connect more deeply to their purpose and explore ways they can make the world a better place. And programs such as the Transformative Action Institute and the Amani Institute are equipping a new generation of changemakers with the skills they need to be more self-reflective, humble, resilient, and culturally sensitive—qualities essential to tackling complex social issues. These initiatives all form an emerging body of social entrepreneurship education that helps instill values and a greater sense of purpose to prepare future generations of social impact makers. 

As the social change sector attracts a new wave of university graduates, it is crucial that higher education responds by providing more meaningful experiences for students to learn through direct engagement. By working with community partners, supporting student fellowships, and experimenting with purpose-driven programming, we can better prepare our students for the challenges and complexities of social change work. It is time to put aside the awards and competitions, and focus on training social movement builders who are guided by purpose and values to make more meaningful and lasting contributions to the field.

- See more at: http://ssir.org/articles/entry/teaching_values_and_purpose_for_social_c…

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It is time for universities to rethink how they deliver social impact education, prioritizing experiential and purpose-based training over start-up competitions. 

 

This article originally appeared in the Stanford Social Innovation Review on Sept. 4, 2015

As more students look to pursue meaningful careers in the social sector, it is imperative that educational institutions offer experiential and purpose-based training to support their personal and professional growth. Complex local and global challenges demand innovative solutions that are developed collaboratively by those with the experience, relationships, and values to effectively advance social change. There is no textbook for teaching social change, and the closer we can bring students to social problems–both inside and outside of the classroom–the more informed and effective they will be in developing solutions.  

At Stanford University, where I help lead a program on social entrepreneurship, students become part of an entrepreneurial culture from the time they set foot on campus. Whether launching student groups or social enterprises, the desire—and pressure—to create something new permeates much of the fabric of student life on campus. This is reinforced by a surge of competitions and awards that encourage aspiring social changemakers to experiment, fail, and then try again. 

As the social entrepreneurship movement becomes increasingly more attractive to young people, we see that they are applying some of these market-driven principles—often unwisely—to the social sector. For example, the desire to start a new organization often outweighs the interest in driving change from inside an existing one as an “intrapreneur.” With an estimated 1.5 million nonprofit organizations in the United States competing for diminishing resources, it doesn’t always make sense to start something new when a product or service already exists. Failure may be a badge of honor for Silicon Valley entrepreneurs, but when nonprofits close their doors, they let down the communities they are trying to serve and waste precious resources that they could have directed elsewhere. 
 
With this in mind, we designed our program to equip future generations of social change leaders with a fuller range of skills—and the humility—they need to be impactful in their work. Through experiential learning inside and outside the classroom, students work alongside nonprofit organizations to witness how they innovate new approaches to social-change problems. They are able to observe how organizations tackle challenges with creativity, empathy, and a partnership-based approach, helping provide a holistic set of values that will serve them in their future careers. As more students graduate to pursue social-sector careers, it is increasingly important for higher education and leadership programs to incorporate these practice-based experiences into their curriculum, and better connect theory with practice. Cornerstones of our program include:
 
Community-engaged learning underpins our teaching model. Students get to work on service-learning projects for local nonprofit organizations and learn how successful organizations deliver social change. When designing high-impact fundraising campaigns or surveying partners in the field, students work on projects to support an organization’s growth, while gaining practical skills. At the same time, they experience the values and culture that guide mission-driven organizations. Interacting with the local community outside of the classroom builds listening and empathy skills, while asking challenging questions about privilege and bias that emerge through these experiences. Working with the executive directors of these organizations underscores the backbreaking work that it takes to launch, grow, and scale-up a social change organization—lessons that can help influence their own career decisions. 
 
Field-based fellowships give students the opportunity to serve internationally or locally with our nonprofit partners to implement their service-learning projects in the field. More importantly, these experiences let students explore the local context of the problem, engage directly with community partners, and examine the greater ecosystem in which the organization is operating. This perspective can profoundly transform how a student views a problem, and inform the way they design a program or intervention. Student internships or programs like Alternative Spring Break, where students volunteer their time during a school holiday to examine a social issue in their local community, should be part of any social-impact program so that they have a direct connection to the social challenges they are often so far removed from in their everyday lives. 
 
The partnership approach: Our program also helps reinforce the importance of partnerships as an essential building block for social change. As evidenced by so many failed development projects, organizations operating with good intensions but without community partnership will not only fail, but also risk negatively impacting the communities they are trying to serve. We highlight some of these missteps inside the classroom and contrast them with strong models from our community partners. These include the Global Women’s Water Initiative (GWWI), which works together with African women to build culturally appropriate, locally sourced, and sustainable clean water technologies. Many of these remarkable women have then gone on to start GWWI chapters in East Africa, becoming water trainers and entrepreneurs themselves. Students learn from these anecdotes, and the importance of building trust in a community, because solutions imposed from the outside rarely last. We model the value of partnership inside the classroom by grouping students into teams for service-learning assignments so they bring a diverse set of skills, perspectives, and experiences to the assignment. Team-based work underscores the collaborative nature of social change; it highlights the value of working together to generate ideas that are not driven by one person alone, but by the collective knowledge of a group.
 
Connecting to youthful purpose: Research highlights the important role that teachers and universities play in helping young people connect to their greater purpose—something many struggle to find at a young age. We are experimenting with innovative curriculum and training programs that shine a more introspective lens on this question through practical exercises and reflective work. Curriculum, such as Echoing Green’s Work on Purpose, help young people connect more deeply to their purpose and explore ways they can make the world a better place. And programs such as the Transformative Action Institute and the Amani Institute are equipping a new generation of changemakers with the skills they need to be more self-reflective, humble, resilient, and culturally sensitive—qualities essential to tackling complex social issues. These initiatives all form an emerging body of social entrepreneurship education that helps instill values and a greater sense of purpose to prepare future generations of social impact makers. 
 

As the social change sector attracts a new wave of university graduates, it is crucial that higher education responds by providing more meaningful experiences for students to learn through direct engagement. By working with community partners, supporting student fellowships, and experimenting with purpose-driven programming, we can better prepare our students for the challenges and complexities of social change work. It is time to put aside the awards and competitions, and focus on training social movement builders who are guided by purpose and values to make more meaningful and lasting contributions to the field.

 

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Graduate Student - Management Science and Engineering
SCPKU Pre-Doctoral Fellow, January-April 2016
wesley_koo_headshot.jpg

Wesley is a PhD candidate at the Stanford Technology Ventures Program. In his research, he strives to understand how digitization affects strategy and entrepreneurship. His dissertation examines seller strategies on digital platforms, with special attention devoted to how sellers' offline environments drive their online behavior and platform success. He employs sophisticated quantitative methods to analyze seller-level data acquired directly from Alibaba, complemented by rich interview data collected over a period of three years. Prior to Stanford, Wesley was an entrepreneur at a hardware startup and a high-frequency trader. He holds two bachelor's degrees in environmental engineering and finance from MIT.

Encina Hall E301616 Serra StreetStanford, CA94305-6055
(650) 723-6530
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Li Shanyou joins the Walter H. Shorenstein Asia-Pacific Research Center (APARC) as a visiting scholar for the 2015-16 year.  He is an Adjunct Professor of Entrepreneurship and Executive Director of the Centre for Entrepreneurship and Investment at CEIBS. He joined CEIBS on September 1, 2011. Prior to that, in 2006, he founded Ku6.com Inc. In June of 2010, he led the company to be the first China video site independently listed on NASDAQ. Before starting his own business, he was the Senior Vice President and Editor-in-Chief of Sohu.com Inc.

Mr. Li, who graduated from Nan Kai University with a Bachelor’s degree in Mathematics, enrolled in CEIBS EMBA programme in 2004. He is striving to combine traditional Chinese philosophy – of which he has a deep understanding – with modern enterprise management theories to form a unique Chinese style modern leadership model. His past practices and theoretical thoughts are outlined in the book Lectures on Management – Attaining Accomplishment in Both Self-Cultivation and Leadership Positions.

Mr. Li’s rich and dynamic business and management experience began as early as 1994. He has, at different times, held various Human Resources executive positions in companies like Motorola (Tianjin) Inc., Alcoa Inc., Bausch & Lomb Inc., Sohu.com Inc., etc.  In 2001, he transferred to a new position in Sohu.com Inc: Editor-in-Chief. In that role he successfully helped Sohu News recover from rough times, and he was later promoted to Senior Vice President. In 2006, he resigned from Sohu.com Inc. after reaching a new peak in his career, and founded Ku6.com Inc. Under his management, Ku6.com Inc. became the first Chinese media video site to be listed on overseas stock markets. In March 2011, Mr. Li decided to leave Ku6.com Inc. to pursue a new chapter of his career as an educator; he joined CEIBS as an Entrepreneurial Studies Professor. Over the past 18 years, he has accumulated various experiences and lessons in HR Management, Internet and Media Management, Venture Development as well as the Mergers and Acquisition fields. 

Mr. Li is a seasoned public speaker and trainer. He has lectured more than ten management courses, and was named among “Beijing’s Top 10 Trainers.” His outstanding public speaking and training skills have been well received by many students. He is among those conferred with the Award of 2010 China’s Top Ten CEOs, One Hundred Most Influential Celebrities in Chinese Online Media in the Past Decade, 2010 Most Influential Leader of New Media Era in China etc.

Visiting Scholar
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The University of Cape Town’s Graduate School of Development Policy and Practice (GSDPP), in collaboration with the Leadership Academy for Development (LAD), an affiliate of Stanford University, will be offering a course in April 2015 that addresses some of the challenges faced by public sector leaders as they foster economic growth in politically-charged environments. 

This course was run successfully in both 2011 and 2013. The 2015 version – updated with new case studies – will also be facilitated by international and national trainers and experts. 

The course is a 5-day, intensive programme for a small number of high level government officials and business leaders from South Africa and other African countries (25-30 in total). It will explore how government can encourage and enable the private sector to play a more effective, productive role in economic growth and development. The curriculum is designed to reinforce and illustrate three critically important hypotheses about the role of public policy in private sector development.


Case studies for this course are available here.  

University of Cape Town and the Cape Milner Hotel

Johannesburg, South Africa

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Following in the footsteps of last year’s international conference on violence and policing in Latin American and U.S. Cities, on April 28th and 29th of 2015, the Program on Poverty and Governance (PovGov) at Stanford’s Center on Democracy, Development and the Rule of Law (CDDRL) turned Encina Hall at the Freeman Spogli Institute of International Studies (FSI) into a dynamic, instructive and stimulating discussion platform. The exchange of experiences, expertise and ideals that flourished within this space helped create a “dialogue for action,” as speakers and participants explored the various dimensions of youth and criminal violence in Mexico, Brazil and the United States, while advocating for the importance of opening up adequate pathways to hope. The event was sponsored by the Center for Latin American Studies, The Bill Lane Center for the America West, The Mexico Initiative at FSI, and the Center on International Security and Cooperation.

For a link to the conference event page, click here.

To find out more about CDDRL's Program on Poverty and Governance, click here.

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Veriene Melo
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As the appetite for entrepreneurship grows worldwide, large corporations find themselves facing threats and new opportunities that once were reserved for a small set of fast moving hi-tech industries. Under industry disruptive pressures, how do these corporations adapt and maintain a competitive edge?


Similarly, after more than two decades of rapid economic development, China today is facing enormous challenge to maintain a high growth rate. With a strong government push towards innovation and entrepreneurship as the main drivers of economic reform, can China’s unique innovation and entrepreneurial ecosystem be the key to sustainable growth?

Please join Professor Yossi Feinberg from Stanford's Graduate School of Business, Professor Dongming Chen, Dean of Peking University's School of Innovation and Entrepreneurship, and Frank Hawke, China Director of Stanford's Graduate School of Business who will lead an insightful and informative discussion on how innovation and entrepreneurial are changing China’s economy and global corporations at large. The cross-culture salon will take place at the Stanford Center at Peking University, with Professor Feinberg and the Stanford campus audience beamed in through advanced long distance learning technology. Lunch will be provided.

RSVP and more information

 

Photo credit:  Steve Fyffe

Stanford Center at Peking University
The Lee Jung Sen Building
Langrun Yuan
Peking University
No.5 Yiheyuan Road
Haidian District
Beijing, P.R.China 100871

Tel: +86.10.6274.4170

Directions to SCPKU

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