Professional Luncheon: Richard Dasher, Director, US-Asia technology Management Center, Stanford University
"Can Japanese companies learn from Silicon Valley's culture of open innovation to become competitive again?"
Director, US-Asia technology Management Center, Stanford University
Language: The speech and Q & A will be in English
Twenty years ago anyone suggesting that Sony would rely on Samsung for technology would be considered insane. But today, Sony, Panasonic, and Sharp, flagships of the once unassailable Japanese electronics industry, all face serious competition from more innovative and cost-efficient foreign competitors. The Japanese cell phone industry too is on the wane, a victim of the "Galapagos Syndrome, " the tendency of Japanese companies to innovate in isolation. No wonder that policies aimed at encouraging innovation are said to be a key component of Abenomics'eagerly awaited "Third Arrow."
Stanford Professor Richard Dasher believes that for Japanese companies to regain the competitive edge they must embrace the concept of "Open Innovation" to overcome the constraints of a business culture that values long-term relationships with both partners and employees. But can Japanese companies learn to work with start-ups a la Silicon Valley? Can they use techniques such as corporate venture capital and M&A to reach outside traditional relationships to absorb new ways of thinking needed to come up with products for which there is demand? And what kind of policies should the Abe administration implement in order to encourage open innovation by Japanese firms?
As a consulting professor in Electrical Engineering and East Asian Studies at Stanford University, Richard Dasher is in an ideal position to respond to the above questions. Dr. Dasher's research and teaching focus on the impact of new technologies on industry structure, entrepreneurial innovation systems, innovation management, and the relationship between innovation and economic growth. Dr. Dasher also maintains an active management consulting practice, through which he serves as advisor to selected start-up companies, business accelerators, venture capital firms, and nonprofit organizations in the U.S., China, Japan, and South Korea.
Please reserve in advance, 3211-3161 or on the website(still & TV cameras inclusive). The charge for members/members' guest is 1,750/2,700 yen; non-members including guest-members eligible to attend may pay in cash. (Menu: salmon with tartar sauce) Reservations canceled less than one hour in advance for working press members, and 24 hours for all others, will be charged in full. Reservations and cancellations are not complete without confirmation. For meal service, please enter the room by 12:25.
Professional Activities Committee