Academic journal article Advances in Management

The Shanghai Edge

Academic journal article Advances in Management

The Shanghai Edge

Article excerpt

Introduction

The purpose of this study is to explain how Shanghai is in the process of applying a strategy of innovation to create an intersection of disciplines, domains and diversities that result in the creation of regions of innovation and entrepreneurship. Moreover, Shanghai is now embarking on a new effort to create a new chapter of innovative manufacturing based on cutting edge high technology including information technology, biotechnology, medical devises and pharmaceuticals. This is based in part on a recent decline in services (interviews).

Cultures are defined by rules, traditions and values. They not only create but also impart certain ways of thinking and acting. Some cultures are highly social, some artistic, some are economic and some are a combination of a variety of ways of thinking and acting.

The idea behind this study is when there is a connection of human intellectual values that collectively come together, a region for innovation and entrepreneurship can occur. It is our intention to outline and present an understanding how this phenomenon has appeared in the past in a number of cities and regions and how it can be applied in the present.

Methodology

This paper employs a research methodology that applies to business and economic growth in the United States from 1980 to the present with business and economic growth in China during the same period. The paper also provides a view point on the author's experience and information gathered from interviews from Chinese business professionals. A significant portion of this research is based on conversations with more than 350 key influencers in Shanghai, Beijing, Hong Kong, Singapore and Washington, D.C. over a period of 29 years beginning in 1988 and most recently in the summer of 2017. A significant effort has also been made to examine traditional data and documents from a variety of sources when and where they were available.

The emphasis of the research was to find the latest trends in globalization strategies with a particular emphasis on cultural change as it relates to innovation. It is important to note that many of the professionals and experts in China wish to have their comments kept confidential. Therefore, we choose to respect their request of confidentiality in all cases.

The methodology for this study where it involves interviews can be described as a focus on the policy views of key stakeholders and influencers. In general, the interviews were conducted with professionals from such organizations as the Economist Group in Hong Kong, Shanghai and London, the old Bear Sterns Investment firm, Goldman Sachs, Chase Investment Bank, U.S. Chamber of Commerce and Boston Consulting Group in at least two locations, Microsoft and a host of other public and private professionals. The interview format did not include a formal survey but did include structured questions.

The analysis of transformational leadership and policy for China stems from the long established scholarly efforts regarding the planning of change. These efforts include the works of Peter Drucker, Warren Bennis, Rosabeth Moss Kanter, John Kotter, Peter Senge, Clayton Christianson and others. Moreover, the authors cite on examples of transformational leadership from the lives of Steve Jobs, Thomas Edison, Henry Ford and Walt Disney. Regarding China, the authors draw on a variety of scholars as far back as John King Fairbank and as contemporary as Nick Lardy at the Peterson Institute and scholars at the Brookings Institute.

Innovation and Entrepreneurship is all about Culture: We believe that culture is the driving force that explains the world's most creative places. Creativity doesn't happen "in here" or "out there", creativity is something that happens inbetween. Creativity and innovation are relationships that occur at the intersections of person and place. A long line of experts from a variety of academic disciplines have written on what it takes to become a world-famous city. …

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