The School of Business’s Academic Conference on Security and Innovation in Global Business, held jointly with the Symposium on Business Globalization, began with a keynote by General Michael Hayden, former director of the CIA. The academic conference then broke out into a separate meeting area for scholarly discussion on security concerns, emerging markets, and innovation in international business.
Robert Grosse, director of the Center for Global Business Innovation & Transformation at the School of Business, served as moderator for the first panel titled Security Concerns in International Business. During the panel, three academic papers were presented by the authors—Rob Spich from UCLA, David Wernick from Florida International University, and Raj Aggarwal from the University of Akron. Panelists debated how firms can deal with terrorism and more broadly with security risks, and the global nature of particularly the cyber threats.
Jordan Siegel, the second keynote speaker, is an associate professor in the Strategy group at Harvard Business School. Siegel spoke to the group on Institutional Arbitrage and International Business. He provided fascinating perspective on how multinational firms from emerging markets use joint ventures with foreign firms and foreign stock listing as mechanisms to gain credibility in the eyes of international investors. He also talked about a number of additional issues related to the strategies of firms from emerging markets, particularly in Latin America and Asia.
The second and final session of the afternoon was led by Hun Lee, associate director for the Center for Global Business and Associate Professor of Management, on the topic of Innovation in International Business. Panelists included Felipe Monteiro from the Wharton School, Nandini Lahiri from the University of North Carolina, and Steve Tallman from the University of Richmond. They discussed how firms innovate, why they succeed or fail, how innovation and research and development is in-sourced or out-sourced, and how innovation can be encouraged.
The conference is one of many events held by the Center for Global business & Innoviaton. For more information on the center, please visit globalbusiness.gmu.edu.