Savvy's Resolute Adventures

Globalization Of Healthcare: The World Is Getting Flatter; Economic Opportunities Beckon: #8

Editor's note: Local Tech Wire asked Grace Whi-Tze Ueng to discuss the proceedings at the Council for Entrepreneurial Development's recent biotech form. Ueng, founder and chief executive officer of Savvy Marketing Group, moderated the panel.

RESEARCH TRIANGLE PARK, N.C. - A record-breaking crowd of over 225 people kicked off CED's 2006-2007 Biotech Forum series by attending a discussion on "The Impact of Globalization in Healthcare" earlier this month.

A lengthy waiting list was accommodated through an overflow seating theatre validating the strong interest in the Triangle on this topic. The event was co-hosted by CED and the North Carolina Chinese Business Association (NCCBA) with corporate sponsorship from IBM.

Panelists included Victor Dzau, MD, Chancellor for Health Affairs, Duke University and president and chief executive officer of the Duke University Health System; Art Pappas, managing partner of Pappas Ventures; Dan Pelino, general manager of IBM Healthcare and Life Sciences Industry; and John Ratliff, executive vice president and chief financial officer of Quintiles Transnational.

These experts raised eight key points:

8. Who Is Investing In Healthcare/Biotech Startups In Emerging Markets? Assuming there is universal access to information enabling increased innovation in China, India and other emerging countries, venture groups within large multinational corporations and standalone western venture funds are now setting aside funds to invest in emerging market growth opportunities -- adding more risk/reward component to their stable of existing assets.

Venture funds in the Southeast are not directly investing in emerging markets mainly due to their size and geographic positioning. Startups must go to larger private equity and venture funds in larger cities that have set up China or other specifically earmarked emerging market funds -- are we missing an opportunity? Are we culturally insular or fixed by our location? Other options include multinational pharmaceutical and medical device companies that all have venture groups investing in emerging markets as well as high net worth angel investors residing in the regions themselves.

With all the talk about globalization, a flat world, medical tourism, internationally conducted trials, one still has to collect sufficient data to properly monitor and evaluate the quality and sustainability of the delivery or service. In some areas, it is simply too soon to have longitudinal data to verify the anticipated result. New and changing regulations, both in the U.S. and abroad, will also play a critical role in the development and approval processes. In a word, whether you are a scientist or an investor, be careful, inspect what you expect, and don't jump to conclusions.

From the record-breaking attendance at the forum, it is obvious that the Triangle is hungry for more information -- and opportunities.

The Triangle has potential to be engaged more globally--we have much to learn from other countries as well as much to offer. There are 4 billion people in the world who live in poverty and are unable to gain access, never mind afford, 21st century medical care. About 20 percent of our U.S. population is uninsured. We rank low among other developed nations among life expectancy. Healthcare innovation is taking place not only in our backyard, but also in emerging markets.

There is talk amongst leading entrepreneurial groups to host a Triangle Globalization Conference in 2007 -- there is so much here in RTP to discuss on a local level and then to band together, partner, and make wider reaching global contributions within our lifetime.

Full Story: http://tinyurl.com/2d4tyk3

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Globalization Of Healthcare: The World Is Getting Flatter; Economic Opportunities Beckon: #6 & 7

Editor's note: Local Tech Wire asked Grace Whi-Tze Ueng to discuss the proceedings at the Council for Entrepreneurial Development's recent biotech form. Ueng, founder and chief executive officer of Savvy Marketing Group, moderated the panel.

RESEARCH TRIANGLE PARK, N.C. - A record-breaking crowd of over 225 people kicked off CED's 2006-2007 Biotech Forum series by attending a discussion on "The Impact of Globalization in Healthcare" earlier this month.

A lengthy waiting list was accommodated through an overflow seating theatre validating the strong interest in the Triangle on this topic. The event was co-hosted by CED and the North Carolina Chinese Business Association (NCCBA) with corporate sponsorship from IBM.

Panelists included Victor Dzau, MD, Chancellor for Health Affairs, Duke University and president and chief executive officer of the Duke University Health System; Art Pappas, managing partner of Pappas Ventures; Dan Pelino, general manager of IBM Healthcare and Life Sciences Industry; and John Ratliff, executive vice president and chief financial officer of Quintiles Transnational.

These experts raised eight key points:

6. Globalization Of Healthcare Has Unleashed Business Opportunities In The U.S. - Dzau cited the partnership between Singapore Medical School and Duke which has a budget north of $40 million. The legal infrastructure in both India and even more so in China leave a lot of room for discomfort for U.S. counterparts who want their IP protected in partnering with these developing countries. This brings opportunity to the legal sector to help accelerate healthcare globalization -- a definite contending track for our 2007 Triangle Globalization Conference.

7. Global Reimbursement Challenges -- Socialized medicine versus employer sponsored -- what will rule? I asked the question of how new (and presumably) better therapies will be paid for as they are introduced into areas of the world that have not traditionally had these options. Dzau brought up the fact that 45 million people in the U.S. are uninsured and urged that we examine the issue as individuals "who have human rights versus commodities in healthcare". He predicted that perhaps a two tiered system would arise. Pelino added: "Healthcare is becoming an integration play, especially how the payer and provider work together--we're starting to see a new era around patient-centric solutions in healthcare". Early data already shows that banks are coming into the healthcare reimbursement scene to come to the rescue including in our region, Bank of America.

Full Story: http://tinyurl.com/2d4tyk3

Globalization Of Healthcare: The World Is Getting Flatter; Economic Opportunities Beckon: #4 & 5

Editor's note: Local Tech Wire asked Grace Whi-Tze Ueng to discuss the proceedings at the Council for Entrepreneurial Development's recent biotech form. Ueng, founder and chief executive officer of Savvy Marketing Group, moderated the panel.

RESEARCH TRIANGLE PARK, N.C. - A record-breaking crowd of over 225 people kicked off CED's 2006-2007 Biotech Forum series by attending a discussion on "The Impact of Globalization in Healthcare" earlier this month.

A lengthy waiting list was accommodated through an overflow seating theatre validating the strong interest in the Triangle on this topic. The event was co-hosted by CED and the North Carolina Chinese Business Association (NCCBA) with corporate sponsorship from IBM

Panelists included Victor Dzau, MD, Chancellor for Health Affairs, Duke University and president and chief executive officer of the Duke University Health System; Art Pappas, managing partner of Pappas Ventures; Dan Pelino, general manager of IBM Healthcare and Life Sciences Industry; and John Ratliff, executive vice president and chief financial officer of Quintiles Transnational.

These experts raised eight key points:

4. Globalization Of Healthcare Has Changed Healthcare And Pharmaceutical Delivery In The U.S. - We need to wake up and realize that the rest of the world is moving faster than we are and that it is only prudent to outsource certain services for the sake of our patients. Patients' expectations in a critical healthcare moment are that their x-rays will be read immediately. Having highly trained radiology technicians in India reading their scans over night is just one specific example of how timely healthcare decisions can be made for patients in the U.S.

In our local community, Duke Clinical Research Institute conducts studies at more than 3592 sites in 64 countries and it is Duke's responsibility to ensure consistent quality worldwide to maintain DCRI's position as the world's largest academic clinical research organization.

5. Outsourcing Beyond Manufacturing And True Innovation In Developing Countries -- While India and China were most often cited for their outsourcing and innovation, panelists wanted to make sure other developing countries were included such as Singapore, Brazil, and Eastern Europe. India was given most credit for IT innovation and there was mixed reaction to their emerging trade in 'medical tourism' where hips can be replaced or resurfaced at 10 percent of the U.S. list price -- a saving grace for the millions of uninsured or underinsured U.S. citizens and for those seeking a break on cosmetic surgery or dental work which is often not covered by insurance.

For instance, Brazil has long been a haven for aesthetic surgery and buoyed by natural product resources, their plastic surgery business has flourished. Finally, Dzau noted the large strategic investment Singapore has been making in the biotechnology sector in the last decade, specifically in the area of stem cell research stating that "people are going to Singapore instead of Stanford to do stem cell research".


Full Story: http://tinyurl.com/2d4tyk3

Editor's note: Local Tech Wire asked Grace Whi-Tze Ueng to discuss the proceedings at the Council for Entrepreneurial Development's recent biotech form. Ueng, founder and chief executive officer of Savvy Marketing Group, moderated the panel.

RESEARCH TRIANGLE PARK, N.C. - A record-breaking crowd of over 225 people kicked off CED's 2006-2007 Biotech Forum series by attending a discussion on "The Impact of Globalization in Healthcare" earlier this month.

A lengthy waiting list was accommodated through an overflow seating theatre validating the strong interest in the Triangle on this topic. The event was co-hosted by CED and the North Carolina Chinese Business Association (NCCBA) with corporate sponsorship from IBM

Panelists included Victor Dzau, MD, Chancellor for Health Affairs, Duke University and president and chief executive officer of the Duke University Health System; Art Pappas, managing partner of Pappas Ventures; Dan Pelino, general manager of IBM Healthcare and Life Sciences Industry; and John Ratliff, executive vice president and chief financial officer of Quintiles Transnational.

These experts raised eight key points:

4. Globalization Of Healthcare Has Changed Healthcare And Pharmaceutical Delivery In The U.S. - We need to wake up and realize that the rest of the world is moving faster than we are and that it is only prudent to outsource certain services for the sake of our patients. Patients' expectations in a critical healthcare moment are that their x-rays will be read immediately. Having highly trained radiology technicians in India reading their scans over night is just one specific example of how timely healthcare decisions can be made for patients in the U.S.

In our local community, Duke Clinical Research Institute conducts studies at more than 3592 sites in 64 countries and it is Duke's responsibility to ensure consistent quality worldwide to maintain DCRI's position as the world's largest academic clinical research organization.

5. Outsourcing Beyond Manufacturing And True Innovation In Developing Countries -- While India and China were most often cited for their outsourcing and innovation, panelists wanted to make sure other developing countries were included such as Singapore, Brazil, and Eastern Europe. India was given most credit for IT innovation and there was mixed reaction to their emerging trade in 'medical tourism' where hips can be replaced or resurfaced at 10 percent of the U.S. list price -- a saving grace for the millions of uninsured or underinsured U.S. citizens and for those seeking a break on cosmetic surgery or dental work which is often not covered by insurance.

For instance, Brazil has long been a haven for aesthetic surgery and buoyed by natural product resources, their plastic surgery business has flourished. Finally, Dzau noted the large strategic investment Singapore has been making in the biotechnology sector in the last decade, specifically in the area of stem cell research stating that "people are going to Singapore instead of Stanford to do stem cell research".


Full Story: http://tinyurl.com/2d4tyk3

Globalization Of Healthcare: The World Is Getting Flatter; Economic Opportunities Beckon: #3

Editor's note: Local Tech Wire asked Grace Whi-Tze Ueng to discuss the proceedings at the Council for Entrepreneurial Development's recent biotech form. Ueng, founder and chief executive officer of Savvy Marketing Group, moderated the panel.

RESEARCH TRIANGLE PARK, N.C. - A record-breaking crowd of over 225 people kicked off CED's 2006-2007 Biotech Forum series by attending a discussion on "The Impact of Globalization in Healthcare" earlier this month.

A lengthy waiting list was accommodated through an overflow seating theatre validating the strong interest in the Triangle on this topic. The event was co-hosted by CED and the North Carolina Chinese Business Association (NCCBA) with corporate sponsorship from IBM

Panelists included Victor Dzau, MD, Chancellor for Health Affairs, Duke University and president and chief executive officer of the Duke University Health System; Art Pappas, managing partner of Pappas Ventures; Dan Pelino, general manager of IBM Healthcare and Life Sciences Industry; and John Ratliff, executive vice president and chief financial officer of Quintiles Transnational.

These experts raised eight key points:

3. Innovation In Multiple Areas Is Critical To Globalizing Healthcare - Not only with the more obvious areas such as drug discovery and clinical services, but also with other areas such as better reimbursement processes, IT implementation, facilities to practice evidence-based medicine, and the availability of skilled leadership. When all these key ingredients are in synch, acceleration of the cycle of innovation takes place. "We need to unleash all the power of information by using IT to allow all information to flow through the healthcare process. IT is the link that holds this all together," said Pelino.

Full Story: http://tinyurl.com/2d4tyk3

Globalization Of Healthcare: The World Is Getting Flatter; Economic Opportunities Beckon: #2

Editor's note: Local Tech Wire asked Grace Whi-Tze Ueng to discuss the proceedings at the Council for Entrepreneurial Development's recent biotech form. Ueng, founder and chief executive officer of Savvy Marketing Group, moderated the panel.

RESEARCH TRIANGLE PARK, N.C. - A record-breaking crowd of over 225 people kicked off CED's 2006-2007 Biotech Forum series by attending a discussion on "The Impact of Globalization in Healthcare" earlier this month.

A lengthy waiting list was accommodated through an overflow seating theatre validating the strong interest in the Triangle on this topic. The event was co-hosted by CED and the North Carolina Chinese Business Association (NCCBA) with corporate sponsorship from IBM

Panelists included Victor Dzau, MD, Chancellor for Health Affairs, Duke University and president and chief executive officer of the Duke University Health System; Art Pappas, managing partner of Pappas Ventures; Dan Pelino, general manager of IBM Healthcare and Life Sciences Industry; and John Ratliff, executive vice president and chief financial officer of Quintiles Transnational.

These experts raised eight key points:

2. Standardization Of Healthcare Globally Will Take Time -- While standards exist when a patient has a heart attack in the U.S., in Europe, and in Africa, it will take time to achieve true global standardization. Duke University is spearheading the Global Health Initiative and has been recognized in ComputerWorld for their innovative IT implementations. Around the world, Peking University has instituted healthcare management initiatives to facilitate this standardization goal. It is important to recognize that different ethnicities react differently to drugs -- for instance, Dr. Dzau brought up that since he is Chinese, his reaction to a particular substance may be different than a person of another color.

Full Story: http://tinyurl.com/2d4tyk3

Globalization Of Healthcare: The World Is Getting Flatter; Economic Opportunities Beckon: #1

 

It is interesting to see which issues still hold true & what areas progress has been made in the last 4 years.

Editor's note: Local Tech Wire asked Grace Whi-Tze Ueng to discuss the proceedings at the Council for Entrepreneurial Development's recent biotech form. Ueng, founder and chief executive officer of Savvy Marketing Group, moderated the panel.

RESEARCH TRIANGLE PARK, N.C. - A record-breaking crowd of over 225 people kicked off CED's 2006-2007 Biotech Forum series by attending a discussion on "The Impact of Globalization in Healthcare" earlier this month.

A lengthy waiting list was accommodated through an overflow seating theatre validating the strong interest in the Triangle on this topic. The event was co-hosted by CED and the North Carolina Chinese Business Association (NCCBA) with corporate sponsorship from IBM

Panelists included Victor Dzau, MD, Chancellor for Health Affairs, Duke University and president and chief executive officer of the Duke University Health System; Art Pappas, managing partner of Pappas Ventures; Dan Pelino, general manager of IBM Healthcare and Life Sciences Industry; and John Ratliff, executive vice president and chief financial officer of Quintiles Transnational.

These experts raised eight key points:

1. U.S. Healthcare System Is "Broken" -- Our looming healthcare crisis has garnered heated debate, yet we can be proud of strides in medical innovation during the same timeframe. The U.S. ranks only 13th among developed nations on the key leading healthcare indicator -- average age expectancy -- and lower if taking many less developed nations into consideration. We spend more per person on healthcare than any other country, yet in overall quality, our care ranks 37th in the world, according to World Health Organization studies.

Full Story: http://tinyurl.com/2d4tyk3

 

Confident vs Cocky: Fine Line

There is a fine line between appearing confident and being cocky. Don't confuse the two.  It is not pleasant to be around those who are cocky or arrogant and excessively proud.  Exuding a healthy dose of confidence with natural conviction, however, is attractive. How does one gain confidence?  By doing good work that adds value.

My first job out of business school, the most junior person was always asked their point of view at group meetings and judged as to how they defended that hypothesis - with how much conviction or confidence did they express their opinion?

Confidence can be a self fulfilling prophecy as those without it may fail or not try because they lack it and those with it may succeed even more and therefore grow in confidence because they do possess it.  Be careful not to get cocky with growing successes.

My now teenage son has grown more and more confident in his baseball after hours and hours of coaching, practicing, gameplay on his school team as well as on a year round travel team.  Confidence that is natural and attractive is hard earned.

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Marketing is not bragging, and touting one's products/services is not evil. The baker in the medieval town square had to holler 'fresh rolls' if he hoped to feed the township.  

It's how you do it and the validation behind your claims that makes the difference between being confident or cocky.

 

 

 

Globalization 3.0 The World is Truly Flat: China Top Finding #10 Case Study

What follows was published 4 years ago:  http://localtechwire.com/business/local_tech_wire/biotech/story/1168318/. 

I will be updating in coming months.

Editor's note: Triangle entrepreneur Grace Whi-Tze Ueng is founder and chief executive officer of Savvy Marketing Group. She recently visited China, the native land of her parents who moved to the United States during the Communist revolution.

RESEARCH TRIANGLE PARK, N.C. - Not a day goes by without seeing an article in the Wall Street Journal or national news about the changing of the government and business scenery in China -- often noted to be entering its third generation of evolution.

How does this impact companies in RTP seeking to enter China? How can the Triangle investment community best prepare to diversify their portfolios and leverage the innovation bubble that is taking placing place now in China?

Having just returned from a fascinating two week trip to Shanghai and Beijing, my head is still spinning with ideas on how I might best help the global community in adding value to the China business food chain while at the same time return to my roots from which my parents fled the communist takeover back in 1949.

Here are my top 10 findings from my visit to China:

10. Case Study: Harvard Business School Club of Shanghai - Dinner at the MoCA: At an elegant dinner event at the Shanghai Museum of Contemporary Art whose gardens and exhibits put NYC to shame, I had the opportunity to have a good glimpse into the new China business scene.

When I arrived, I ran into a brand new Harvard Business School graduate who had literally just stepped off a plane from Boston to attend this soiree -- she was dressed like a fashion model in Paris. She was about to start as an associate at Bain Shanghai, where I had worked as a consultant in their Boston global headquarters twenty years earlier. She had started a business the summer prior called Dog Ego, a high end store to service the pups of the growing middle class with disposable income. Harvard Business School had sent a tenured delegation to China for a week -- several of these professors

I had just seen for my 15th year reunion the week prior in Boston. They experienced an unbelievable week of learning that they planned to take back to campus.

Mingling And Learning

I had the opportunity to mingle with Chinese alumni who are making things happen in all different industries from the Internet to women's clothing. It was interesting to note an older entrepreneur who recognized the rapidly growing middle class and its purchasing power and had his focus squarely on a segment of very affordable clothing.

Sitting on the other side of me was a advisory partner to Greylock Partners who had come to learn more -- he started the VC industry in the US when no one knew what it was -- now he was witnessing a new wave starting in China. I ran into a classmate just sent by his Wall Street firm to focus on investigating manufacturing investment opportunities.

Then I learned of a 90-year-old philanthropist who in the last decade established a fund to give anyone in China who gets into Harvard Business School a full scholarship -- the good news is that some no longer need this generous offer today.

In my entering class 17 years ago, there was only one student from China who came thanks to an American sponsor -- now there are scores from China in each entering class. And now they have the opportunity to give back so that future generations of Chinese can continue to add value to the China business food chain -- building a strong and lasting infrastructure -- as strong as the Great Wall of China -- to be seen "from the moon".

I showed my 9 year old son the meager home where his grandfather was raised in the countryside several hours from Shanghai. My parents were the only ones from their respective families who escaped via Taiwan for college and came to the US for graduate schooling. That is the way many people escaped for a "better life". They sent money each month back home. They wanted us to have the life they had wanted but lacked the funds and opportunity. My mother had wanted to study piano when she fled China. My sister went to Juilliard and holds a doctorate in musical arts. My father had wanted to study at CalTech or MIT. I went to MIT and Harvard Business School.

Now their families in China have a "good life" and are living happier times. My parents, retired and living in Atlanta, now romanticize often about returning to China for a "better life" too.

With patience, intelligence and persistence, China represents a monumental opportunity for American businesses. China is hungry for our know-how and products and seeks to master innovation. If we seize the moment, their success will be our success, their "better life" will be our "better life".

Globalization 3.0: The World is Truly Flat. China Top Finding #9

What follows was published 4 years ago:  http://localtechwire.com/business/local_tech_wire/biotech/story/1168318/. 

I will be updating in coming months.

Editor's note: Triangle entrepreneur Grace Whi-Tze Ueng is founder and chief executive officer of Savvy Marketing Group. She recently visited China, the native land of her parents who moved to the United States during the Communist revolution.

RESEARCH TRIANGLE PARK, N.C. - Not a day goes by without seeing an article in the Wall Street Journal or national news about the changing of the government and business scenery in China -- often noted to be entering its third generation of evolution.

How does this impact companies in RTP seeking to enter China? How can the Triangle investment community best prepare to diversify their portfolios and leverage the innovation bubble that is taking placing place now in China?

Having just returned from a fascinating two week trip to Shanghai and Beijing, my head is still spinning with ideas on how I might best help the global community in adding value to the China business food chain while at the same time return to my roots from which my parents fled the communist takeover back in 1949.

Here are my top 10 findings from my visit to China:

9. Hard Work Ethic: Even though the new generation may not have suffered from hunger, persecution or imprisonment, they still have a halo of family memories surrounding them. Many American born Chinese (ABCs) like myself are returning to their roots and working in China -- we are children of immigrants to the US or Canada -- who taught us that education comes above all else. Our parents pushed us to do our absolute best, never let down on their strict coaching, and then bragged behind our backs to the other Chinese parents -- like in Joy Luck Club -- they all wanted the rights to bring up the "chess king". The challenge is how to keep this hard work ethic instilled in generations to come.

Globalization 3.0: The World is Truly Flat. China Top Finding #7 & 8

What follows was published 4 years ago:  http://localtechwire.com/business/local_tech_wire/biotech/story/1168318/. 

I will be updating in coming months.

Editor's note: Triangle entrepreneur Grace Whi-Tze Ueng is founder and chief executive officer of Savvy Marketing Group. She recently visited China, the native land of her parents who moved to the United States during the Communist revolution.

RESEARCH TRIANGLE PARK, N.C. - Not a day goes by without seeing an article in the Wall Street Journal or national news about the changing of the government and business scenery in China -- often noted to be entering its third generation of evolution.

How does this impact companies in RTP seeking to enter China? How can the Triangle investment community best prepare to diversify their portfolios and leverage the innovation bubble that is taking placing place now in China?

Having just returned from a fascinating two week trip to Shanghai and Beijing, my head is still spinning with ideas on how I might best help the global community in adding value to the China business food chain while at the same time return to my roots from which my parents fled the communist takeover back in 1949.

Here are my top 10 findings from my visit to China:

7. Quasi Communist and Government Control: People can own buildings, but not the land underneath -- rather they own the rights to a long term lease of the land. This makes "real estate" investments possible, just different and tricky. Businesses must modify their typical processes and ways of making money. For instance, Silicon Valley Bank does not yet have access to a banking license in China, but is investing efforts in meeting and educating budding entrepreneurs for when the future processes reach a turning point.

8. Functional Needs: The greatest needs cited for new ventures are CFOs and VPs of Product Management and Marketing. Since the need for marketing has just appeared in the last decade or two given relaxation of communist rule over business, the need to learn about "Entrepreneurial Marketing" is also intense.

Globalization 3.0: The World is Truly Flat. China Top Finding #6

What follows was published 4 years ago:  http://localtechwire.com/business/local_tech_wire/biotech/story/1168318/. 

I will be updating in coming months.

Editor's note: Triangle entrepreneur Grace Whi-Tze Ueng is founder and chief executive officer of Savvy Marketing Group. She recently visited China, the native land of her parents who moved to the United States during the Communist revolution.

RESEARCH TRIANGLE PARK, N.C. - Not a day goes by without seeing an article in the Wall Street Journal or national news about the changing of the government and business scenery in China -- often noted to be entering its third generation of evolution.

How does this impact companies in RTP seeking to enter China? How can the Triangle investment community best prepare to diversify their portfolios and leverage the innovation bubble that is taking placing place now in China?

Having just returned from a fascinating two week trip to Shanghai and Beijing, my head is still spinning with ideas on how I might best help the global community in adding value to the China business food chain while at the same time return to my roots from which my parents fled the communist takeover back in 1949.

Here are my top 10 findings from my visit to China:

6. Pollution and Smog Sometimes Makes the New China Hard to Envision: There is much abuzz around Beijing in preparation for Olympics 2008. Visitors and locals are also well aware of the growing environmental issues -- increased traffic, smog, smokestacks, and pollution that can make it difficult to breathe at times. The Chinese want to "save face" and think toward sustainability, so multinationals are bringing in innovative clean technology and processes to enable the rampant growth to continue in a way that has glimmers of "green".

Globalization 3.0: The World is Truly Flat. China Top Finding #5

What follows was published 4 years ago:  http://localtechwire.com/business/local_tech_wire/biotech/story/1168318/. 

I will be updating in coming months.

Editor's note: Triangle entrepreneur Grace Whi-Tze Ueng is founder and chief executive officer of Savvy Marketing Group. She recently visited China, the native land of her parents who moved to the United States during the Communist revolution.

RESEARCH TRIANGLE PARK, N.C. - Not a day goes by without seeing an article in the Wall Street Journal or national news about the changing of the government and business scenery in China -- often noted to be entering its third generation of evolution.

How does this impact companies in RTP seeking to enter China? How can the Triangle investment community best prepare to diversify their portfolios and leverage the innovation bubble that is taking placing place now in China?

Having just returned from a fascinating two week trip to Shanghai and Beijing, my head is still spinning with ideas on how I might best help the global community in adding value to the China business food chain while at the same time return to my roots from which my parents fled the communist takeover back in 1949.

Here are my top 10 findings from my visit to China:

5. Billions of Investment Dollars Pouring into China: In addition to multinationals investing heavily in the region, western private equity and venture funds have set aside billions of dollars to invest in China ventures. The challenge is to see beyond the "smoke and mirrors" of the "lottery entrepreneurial roulette" in order to discern the "real deal flow". The magic of China is not just in low cost manufacturing or the billions of feet or hands for consumer products, but the potential for efficient innovation in industries such as biotech, healthcare, technology, and financial services. Just take at look at some of the most successful IPOs in the last few years and see the significant number emanating from China. Multinationals as well as new ventures are setting the seed and banking on future market share in China.

Globalization 3.0: The World is Truly Flat. China Top Finding #4

What follows was published 4 years ago:  http://localtechwire.com/business/local_tech_wire/biotech/story/1168318/. 

I will be updating in coming months.

Editor's note: Triangle entrepreneur Grace Whi-Tze Ueng is founder and chief executive officer of Savvy Marketing Group. She recently visited China, the native land of her parents who moved to the United States during the Communist revolution.

RESEARCH TRIANGLE PARK, N.C. - Not a day goes by without seeing an article in the Wall Street Journal or national news about the changing of the government and business scenery in China -- often noted to be entering its third generation of evolution.

How does this impact companies in RTP seeking to enter China? How can the Triangle investment community best prepare to diversify their portfolios and leverage the innovation bubble that is taking placing place now in China?

Having just returned from a fascinating two week trip to Shanghai and Beijing, my head is still spinning with ideas on how I might best help the global community in adding value to the China business food chain while at the same time return to my roots from which my parents fled the communist takeover back in 1949.

Here are my top 10 findings from my visit to China:

4. Influence of Western Culture: Chinese life is changing dramatically under the influence of Western culture. It is not as common these days for three generations of Chinese to live under one roof. Because there are many new ways of making money these days versus when government jobs with fixed wages were the only option, people are moving to where the jobs are, breaking up the "traditional family". Sadly, separation and divorce, unheard of two decades ago, have become as common a trend as in the US. Getting divorced used to be seen as an embarrassing loss of face and cause for anger and grief by almost all concerned. But nowadays it is generally treated with tolerance and understanding. The last time I had traveled to Shanghai was 16 years ago when I was working in Hong Kong. When I visited again last month, I did not recognize this newly westernized city with a brand new skyline filled with elegant skyscrapers and condos -- a historically romantic city that at first blush now appears to be a cross between Paris and New York City only on steroids.

Globalization 3.0: The World is Truly Flat. China Top Finding #3

What follows was published 4 years ago:  http://localtechwire.com/business/local_tech_wire/biotech/story/1168318/. 

I will be updating in coming months.

Editor's note: Triangle entrepreneur Grace Whi-Tze Ueng is founder and chief executive officer of Savvy Marketing Group. She recently visited China, the native land of her parents who moved to the United States during the Communist revolution.

RESEARCH TRIANGLE PARK, N.C. - Not a day goes by without seeing an article in the Wall Street Journal or national news about the changing of the government and business scenery in China -- often noted to be entering its third generation of evolution.

How does this impact companies in RTP seeking to enter China? How can the Triangle investment community best prepare to diversify their portfolios and leverage the innovation bubble that is taking placing place now in China?

Having just returned from a fascinating two week trip to Shanghai and Beijing, my head is still spinning with ideas on how I might best help the global community in adding value to the China business food chain while at the same time return to my roots from which my parents fled the communist takeover back in 1949.

Here are my top 10 findings from my visit to China:

3. From Communist Takeover and Cultural Revolution to Newest Generation: The bitterness of the communist dictatorship followed by the horror of the Cultural Revolution is now followed by today's young generation that is hip and savvy and eagerly looking forward to happier and healthier times. There is a growing middle class that has high disposable income relative to the cost of living in China. A recent McKinsey report estimates that the ranks of the lower middle class in China will reach some 290 million by 2011 and that China will boast a middle-class population of 520 million by 2025, with consumer purchasing power in excess of $2.5 trillion

Globalization 3.0: The World is Truly Flat. China Top Finding #2

What follows was published 4 years ago:  http://localtechwire.com/business/local_tech_wire/biotech/story/1168318/. 

I will be updating in coming months.

Editor's note: Triangle entrepreneur Grace Whi-Tze Ueng is founder and chief executive officer of Savvy Marketing Group. She recently visited China, the native land of her parents who moved to the United States during the Communist revolution.

RESEARCH TRIANGLE PARK, N.C. - Not a day goes by without seeing an article in the Wall Street Journal or national news about the changing of the government and business scenery in China -- often noted to be entering its third generation of evolution.

How does this impact companies in RTP seeking to enter China? How can the Triangle investment community best prepare to diversify their portfolios and leverage the innovation bubble that is taking placing place now in China?

Having just returned from a fascinating two week trip to Shanghai and Beijing, my head is still spinning with ideas on how I might best help the global community in adding value to the China business food chain while at the same time return to my roots from which my parents fled the communist takeover back in 1949.

Here are my top 10 findings from my visit to China:

2. Legal System Birth and Growing Pains: The Chinese legal system is scores of years behind the US, but catching up as American trained lawyers are available to jump start and mentor young, eager law school graduates desiring a career and to make a difference in the new China. Piracy of everything from software to tractors can make conducting business in China a big challenge. Government corruption and politics can often be problematic, so aligning oneself with the right legal firms and partners is critical.

Globalization 3.0: The World Is Truly Flat. China Top Finding #1

What follows was published 4 years ago:  http://localtechwire.com/business/local_tech_wire/biotech/story/1168318/. 

I will be updating in coming months.

Editor's note: Triangle entrepreneur Grace Whi-Tze Ueng is founder and chief executive officer of Savvy Marketing Group. She recently visited China, the native land of her parents who moved to the United States during the Communist revolution.

RESEARCH TRIANGLE PARK, N.C. - Not a day goes by without seeing an article in the Wall Street Journal or national news about the changing of the government and business scenery in China -- often noted to be entering its third generation of evolution.

How does this impact companies in RTP seeking to enter China? How can the Triangle investment community best prepare to diversify their portfolios and leverage the innovation bubble that is taking placing place now in China?

Having just returned from a fascinating two week trip to Shanghai and Beijing, my head is still spinning with ideas on how I might best help the global community in adding value to the China business food chain while at the same time return to my roots from which my parents fled the communist takeover back in 1949.

Here are my top 10 findings from my visit to China:

1. Education and Content Hunger: Over 1.3 billion people live in China; 700 million, over half of the population, are farmers. The percentage of high school graduates seeking a college education, however, has gone up ten fold over the last ten years. There is a great need and desire for information and education. Access to information is increasing. Chinese are hungry to learn. As a professor of Entrepreneurial Marketing at UNC Kenan-Flagler this coming year, I am considering bringing this teaching to China next summer via an eMBA program -- the need is huge for western executives to share their entrepreneurial experiences and to spread best demonstrated practices to this developing economy.

 

Savvy Macro Trend: Comeback of Ethics at Business Schools

We enjoy studying macro trends and advising clients on how to leverage their core strengths accordingly. 

One trend that we have observed is the comeback of Ethics in business school curriculum. Twenty years ago when I entered my first year MBA program, Ethics was introduced as a newly required course. 

I just gave a lecture this morning at an area university on 10 Steps to the Top: Correlation between Mountain Ascension and Entrepreneurism.  In one of the steps I emphasize ethics and avoiding toxic people. 

I was pleased to see the announcement of Harvard Business School search committee's choice of Dean Nohria and that his focus will be on business ethics. 

Read WSJ: http://tinyurl.com/22vugt2