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“The early years were tough,” Shi said. “I did not have enough work to do, and my work was not a priority to the company.”
Shi’s reaction to that situation was to learn more about his industry and to build his network. That decision put the 1999 graduate of Fuqua’s Daytime MBA program on a path to become managing partner of Lilly Asia Ventures, a biotech investment firm.
“To this day, I enjoy every bit of the job,” he said. “And I feel it is worth every bit of the struggling and preparing for the many years before I got here.”
The first thing Shi did when finding himself in the professional doldrums was to ask his bosses for more work. (more…)
China is in a funding boom for scientific research, but the country’s nascent intellectual property protections must grow stronger to foster innovation, business leaders told the 2016 Duke International Forum at Duke Kunshan University.
But while China has set up specialized courts to handle claims of copyright and trademark infringement – and is now home to the largest patent office in the world – it must do more to protect trademarks, copyrights and other intellectual property if innovation is to take hold, experts said.
The 2016 Duke International Forum at Duke Kunshan University looked at innovation in China from every angle, including entrepreneurship, mergers and acquisitions, advances in scientific research and intellectual property protection.
China is seeking to shift its economic focus from manufacturing to innovation. It’s a huge undertaking but Tom Zhu, a 2010 graduate of the Daytime MBA program at Duke University’s Fuqua School of Business and general manager of Tesla China, said the sheer size of the Chinese market “will not just encourage domestic innovation, but also attract lots of advanced technology globally to this market. That will help us accelerate in the coming years and to excel in so many areas.”
Driven by an increasingly health-conscious population and fueled by government investment and a booming private sector, China’s health care sector is primed for innovative growth. That’s the view of Jesse Wu, former chairman of Johnson & Johnson China, who spoke at the 2016 Duke International Forum at Duke Kunshan University.
“China is poised to be a vital force in the global innovation scene, in particular in the area of health care,” Wu said. There are three factors, he said, that will drive the county’s ability to replicate its unprecedented manufacturing growth in the health care sector: significant demand among the populace; a firm government commitment; and growing private sector investments of financial and human capital.