Internationalization Calls for Innovation Internationalization and Innovation Seminar
Internationalization Calls for Innovation Internationalization and Innovation Seminar
Shanghai KIC Plaza, an international knowledge and innovation community, held an Internationalization and Innovation Seminar that created a communication platform for enterprises, entrepreneurs, industry experts, and government officials.
In the present era, the topic of Internationalization and Innovation is of high strategic importance. As the pace of globalization increases, the world is truly becoming a global village, and internationalization is no longer a choice but rather a necessity. KIC Plaza, an international knowledge and innovation community, held an Internationalization and Innovation Seminar that focused on the difficulties and problems enterprises may encounter during their nascent business stages. Successful entrepreneurs, industry experts, and government officials shared their experiences in internationalization and innovation with one another. The distinguished speakers included Mr. Nie Yaozhong, Project Manager, Shui On Land Limited, Ms. Linda Di, Human Resource Director, EMC R&D Center, China, Mr. Mo Yuanwu, CEO and President, eBao Tech, and Mr. Franklin Yao, CEO of SmithStreetSolutions.
Innovation and entrepreneurial spirit have long been an integral part of human history and development. How do the two interact to fuel each other, and how can we create an environment to nurture their development and growth? Each speaker, speaking as an industry leader, shared their experiences in internationalization, internal management, structural organization, and innovation in management and employment practices.
Mr. Franklin Yao in Internatinalization and Innovation Forum, KIC
The New Concept of Internationalization
Franklin Yao：The world is continuously changing. “The world is flat”, and “globalization” are not new concepts for any of you. What does this mean? This demonstrates the scope and flexibility of the flow of commodities around the world, the free movement and distribution of human resources, and the spread of funding and technology to every corner of the globe. This forms the basis of our new concept of Internationalization. Twenty years ago, globalization was simply a matter of goods being manufactured in a low cost region and then being shipped to customers and consumers around the world via global sales channels. This type of globalization was made possible by the development of energy resources, markets, and transportation channels, and has been the main driver of China’s growth in the past 3 decades. Today, the scope of internationalization has increased to include far more than the traditional model of globalization. A new concept of internationalization, the internationalization of services, information, and intelligence, has come into being.
I spend half of my time working from New York, and half of my time in Shanghai, so I have plenty of opportunities to witness the clashes and integration of Chinese and Western culture. China is attracting the most successful businesses in the world, and at the same time is taking the opportunity to imitate their business modes and learn from their experience. However, some business models from developed countries are out of date and have lost their relevance. Take the current financial crisis as an example: companies on Wall Street went bankrupt; clearly there is a flaw in their way of doing business. Things are different in China, where there are no pre-existing ways of doing business to form hurdles for innovation. It is important that Chinese companies learn the best practices from Western companies. At the same time, China contains some of the most pioneering, innovative people in the world, and has the opportunity to develop its own innovative business mode to deal with globalization.