Robin Li, CEO of Baidu, speaks in detail about the launch and growth of the company and the search engine. He discusses how its intimate understanding of Chinese language and culture - and a unique social approach to search - have allowed it to succeed where many North American search giants have faltered.
The Emergence of China's Entrepreneurial Ecosystem
Entrepreneurs agree that the scale and opportunities of doing business in China are enormous. But what does it take to bring North American interests to fruition in a dramatically different culture, system of government, and environmental sensibility? Here, practitioners in three vested enterprises discuss their strategies on building sustainable business models overseas.
Culturally, the differences can be night and day. Financially, the rules can be completely different. Rather than trying to operate in China and jump its many hurdles from afar, KPCB partner Beth Seidenberg says her firm found the best local entrepreneurs in the country and partnered with them, giving them the Kleiner Perkins Caufield & Byers brand. In India, the business community works more closely with Silicon Valley, simply assigning its partners to the ground and forging relationships with other serial entrepreneurs.
Tarun Khanna, Professor at Harvard Business School, argues that the old equation that government = inefficient does not hold unilaterally but depends on the context. To illustrate, Khanna describes the evolution of the Communist Party of China and its efforts to co-opt entrepreneurs so that now the government and entrepreneurship is very closely integrated. In contrast, Khanna suggests that in India entrepreneurs keep their distance from the government.
Peter Seligmann, CEO of Conservation International, believes that China is the future of global environment, a country leading the world on how to preserve its natural ecosystems. He emphasizes that once the relationship between wealth, health and environment is realized by society, people will begin to understand that long-term survival is going to depend upon the availability of resources.
Upcoming lectures this quarter include: Eric Ries ~ Author, Startup Lessons Learned - September 30 Steve Jurvetson ~ Managing Director, Draper Fisher Jurvetson - October 7 Greg Papadopoulous ~ CTO, Sun Microsystems - October 14
Audio podcasts are posted online immediately following each talk. Visit
http://ecorner.stanford.edu/podcasts.html to listen to these and other podcasts from the ETL series.