光华方向专业中经改

1、Innovation and EntrepreneurshipJames LiangWhats so important about innovation?Ingredients to make a rich country:Stable government, rule of law, property rightsGood infrastructureGood financial institution (adequate saving)Good educationInnovationWhy InnovationRomers view : ultimate growth driver:In

2、novation and commercialization of innovation约瑟难题 (Needhams Question)Political Institution, Culture, Georgraphy, PatentsWhats so important about entrepreneurship?New firms are particularly good at certain types of innovation.Big impact innovations usually come from new firmsWhy?Game-changing innovati

3、ons make the advantages of the existing companies obsoleteThe incentives of managers at large companies make them less risk takingYoung workers who usually had the most creative ideas do not control the agenda or resourceHow to measure innovationR&DPer capitaPer GDPPatentsPatent quality, citationRoy

4、alty paymentHigh tech new products/ExportsJournal ArticlesNobel Price Winners?PatentsEconomics of IPRHistory of PatentBreadth and Length of PatentsPatent vs. Trade Secrecy vs. PricesEnvironment for Innovation and Entrepreneurship in ChinaMarket SizeSkill Prices and Human ResourceTechnology Capabilit

5、yVenture CapitalIndustryChinas Private Equity Investment in (hundred of millions)Average Deal Size in ChinaIndustry Mix of Private Equity Investment in ChinaGoing forwardMore VCs, more industries, and more skills availableHave to be truly innovative, and need domain knowledge.Unskilled WagesCollege

6、Enrollment RatioCountry Origin of Foreign PhD Graduated by U.S. UnverisitiesResearch as % of GDPResearchers Per Million PeopleHigh Tech Exports Types of InnovationBasic ScienceEngineering/Design/Business ModelProduct Innovation vs. Process InnovationRadical vs. IncrementalUncertaintyWhat types of fi

7、rmsGovernmentUniversityFirmsSmall firms, Schumpeterian hypothesisLarge firmsCompetitive/Concentration (Process vs. Product)Talents EducationQuality of EducationInstitutionGovernment SupportFirm SupportTime TrendsIT Industry Favor small and young companies, Favor radical change vs. incremental change

8、Product/Design/Business ModelLife ScienceBasic research drivenOverall Harder,Ben JonesFigure 1 , 分成三张幻灯片Ben JonesFigure 1 , 分成三张幻灯片Ben JonesFigure 1 , 分成三张幻灯片Ben JonesTable 1-9.Ben JonesTable 1-9.Ben JonesTable 1-9.Ben JonesTable 1-9.Ben JonesTable 1-9.Ben JonesTable 1-9.Ben JonesTable 1-9.Ben JonesTable 1-9.中国人太多了吗?人口年龄结构和创业美日前十家高科技企业比较 Earning Gr