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Global hr forum2009-william f. miller-fostering creative talent for science and technology-building a green economy
Global hr forum2009-william f. miller-fostering creative talent for science and technology-building a green economy
Global hr forum2009-william f. miller-fostering creative talent for science and technology-building a green economy
Global hr forum2009-william f. miller-fostering creative talent for science and technology-building a green economy
Global hr forum2009-william f. miller-fostering creative talent for science and technology-building a green economy
Global hr forum2009-william f. miller-fostering creative talent for science and technology-building a green economy
Global hr forum2009-william f. miller-fostering creative talent for science and technology-building a green economy
Global hr forum2009-william f. miller-fostering creative talent for science and technology-building a green economy
Global hr forum2009-william f. miller-fostering creative talent for science and technology-building a green economy
Global hr forum2009-william f. miller-fostering creative talent for science and technology-building a green economy
Global hr forum2009-william f. miller-fostering creative talent for science and technology-building a green economy
Global hr forum2009-william f. miller-fostering creative talent for science and technology-building a green economy
Global hr forum2009-william f. miller-fostering creative talent for science and technology-building a green economy
Global hr forum2009-william f. miller-fostering creative talent for science and technology-building a green economy
Global hr forum2009-william f. miller-fostering creative talent for science and technology-building a green economy
Global hr forum2009-william f. miller-fostering creative talent for science and technology-building a green economy
Global hr forum2009-william f. miller-fostering creative talent for science and technology-building a green economy
Global hr forum2009-william f. miller-fostering creative talent for science and technology-building a green economy
Global hr forum2009-william f. miller-fostering creative talent for science and technology-building a green economy
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Global hr forum2009-william f. miller-fostering creative talent for science and technology-building a green economy

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  • 1. “Fostering Creative Talent for Science and Technology” Building a Green Economy Global HR Forum 2009 Seoul, Korea November 5,2009 William F.Miller Co-director, Stanford Program on Regions of President and CEO Emeritus Innovation and Entrepreneurship SRI International Herbert Hoover Professor of Public & Private Management Emeritus Chairman Emeritus Borland Software Corporation Professor of Computer Science Emeritus Chairman and Founder Former Provost Nanostellar, Inc. Stanford University Chairman and Founder Honorary Dean Lumiette, Inc. William F. Miller School of Management of Technology Konkuk University, Seoul Korea Managing Partner Actium Ventures LLC wmiller@stanford.edu
  • 2. Steps toward high tech development: Building a Green Economy 1. The high tech economy is the growth part of the global economy 2. To participate effectively in the high tech economy a region must have the following: a. The fundamental resources for a high tech economy i.e. Research and research trained scientists and engineers that create the innovations b. Entrepreneurs who turn these innovations into business c. A “habitat”, i.e. a business, social, and political environment that facilitates entrepreneurship and breeds entrepreneurs
  • 3. Power of Creative Talent “Meanwhile, creative talent continues to capture increasingly disproportionate returns in terms of total compensation relative to the rest of the labor force. These increases in returns to creative talent appear to be correlated to an acceleration of growth of the most creative cities(regions).” The Shift Index, Deloitte Center for the Edge June 2009,John Hagel III, John Seely Brown, and Lang Davison
  • 4. Creative Talent Creative talent includes : Creative Scientists and engineers New Scientific Ideas New technology devices New Designs Creative business managers New business models New methods of technology transfer Identification of new markets and what they require Effective use of tacit knowledge Effective technology managers
  • 5. Silicon Valley is a Talent Based Economy
  • 6. The role of universities Universities are key entities in today’s technology development. They not only carry out fundamental research, but the produce the research trained scientists and engineers.
  • 7. Universities in change Worldwide, universities are in the midst of change in response to many new forces. To name a few: 1. Need to contribute to the economic welfare of a region and/or country a. Researching social, economic, and environmental problems b. Commercializing Academic Research 2. To respond to academic competitive forces 3. Drive for prestige 4. To respond to increasing enrollments 5. Respond to globalization of education
  • 8. Sir Eric Ashby, “Adapting Universities to a Technological Society”, Jossey-Bass Publishers 1974 Speaking of Universities , “They are living through one of the classical dilemmas of systems in evolution; they must adapt themselves to the consequences of success or they will be discarded by society: they must do so without shattering their integrity or they will fail in their duty to society”. In short we must decide what to change and what to preserve
  • 9. Mission of Purdue University Discovery Park Catalyze interdisciplinary interactions that transcend academic boundaries of faculty, staff, and students, toward innovative discovery that integrates with learning and engagement. • Transformational Discovery • Innovative Learning • Collaborative Engagement
  • 10. Discovery Park Integrated Centers An ideal center will excel in five dimensions…  Quality  Economic development  Interdisciplinary  Leverage  Leadership
  • 11. MOT An important area of teaching scientists and engineers is for them to also study management of technology
  • 12. Importance of managing innovation and managing technology The returns to innovation for industry have become so significant that managing innovation, especially managing technology, has become a major concern for companies.
  • 13. Importance of managing innovation and managing technology The returns to innovation for industry have become so significant that managing innovation, especially managing technology, has become a major concern for companies.
  • 14. Connecting University Research “If university research is to raise a particular region’s productivity growth via technology,it must connect with local industry performance…..The destination of graduates from local institutions will substantially affect any calculation of payoff from state and regional investments in research. R&D spillovers associated with the new technology will become a source of long-run economic benefit only if the local industry R&D network draws from the technology,if commercialization occurs locally,and if the region’s industries capture the technology through diffusion and investment.” Michael S.Fogarty and Amit K.Sinha,”Why Older Regions Can’t Generalize from Route 128 and Silicon Valley”,Industrializing Knowledge,Edited by Lewis Branscomb,Fumio Kodama,and Richard Florida,MIT Press 1999,page 474.
  • 15. The role of the Technology Transfer Professional The role of technology transfer professionals in universities, research institutes, and corporate research laboratories is crucial for effective transfer from research laboratories to industry.

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