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First Generation Entrepreneurs Build the Chinese Market Says Baidu’s Wang
China today is poised to become a global powerhouse but its entrepreneurs face major challenges as they chart their roadmaps to success without the network that exists in the United States, said Shawn Wang, CFO of the Chinese internet giant Baidu. (May 2007) Details
Failure Is Important, Says Indian Tech Leader
Failure is an essential part of the innovative process, says Azim Premji, chairman of the Indian outsourcing giant Wipro Technologies: "It is impossible to generate a few good ideas without a lot of bad ideas. Failure should be forgiven and forgotten quickly." Details
The Best Time to Embrace Radical Change is When You Are Down
International oil giant BP is a firm that embraced radical change in the face of adversity. In 1992, when the company was close to bankruptcy,Lord (John) Browne, then head of oil-exploration, began to radically restructure his division. As CEO in 1995, Browne took on the entire company. & Professor John Roberts,in his recent book, The Modern Firm, named best book about business in 2004 by the Economist, describes the reorganization as a "disaggregation." The traditional BP hierarchy was flattened and accountability and responsibility were pushed down to the individual oil fields."
The Economist, January 21-27, 2006, "Take A Deep Breath.(requires subscription)
Outsourcing Joins the M.B.A. Curriculum
Outsourcing has become a prime subject for business students, asserts writer Christopher Stewart, who highlights programs at Dartmouth University's Tuck School of Business, Indiana University's Kelley School of Business, and MIT's Sloan School of Management. Mentions "other M.B.A. programs, like those at Cornell, Stanford and Bentley College [Waltham, Mass], also offer looks at offshore outsourcing." New York Times, March 28, 2004
See also: Q&A with faculty member, emeritus, Henry Rowen, on the history of outsourcing/"offshoring"
EE Times, March 25, 2004
Anniversary of Iraq War:" Impact on U.S. Economy
On the one-year anniversary of start of war in Iraq, faculty member Justin Wolfers is among the economists interviewed on the impact on the U.S. economy and equity markets of the war. He addresses the economic impact of the fear of war leading up to last year's conflict: "There is a feedback that goes both ways; if you and I see the value of our portfolios fall by 10 percent, well, that's a whole bunch of wealth. It turns out this is about $600 billion of destroyed wealth--which, of course, is going to reduce the amount that you and I will want to go out and spend, and will act as a further drag on the U.S. economy right now." 
Squawk Box," CNBC, March 18, 2004, 7:00 min. (requires Real Player)
Also excerpted for "Street Signs," CNBC, Thurs, March 18, 2004, 4:41 min. (requires Real Player)
