Multinational firms are increasingly locating their innovation activities in China and India. But what are the challenges and opportunities of managing research and development centres in these countries? More importantly, how will these trends impact on the long term competitiveness of the economies of Western European countries and North America?
This seminar, The New Dynamics of Multinational Innovation: The Challenges and Opportunities Posed by China and India, organised by the Advanced Institute of Management Research (AIM) as part of the Economic and Social Research Council’s (ESRC) Festival of Social Science, offers managers and policy makers an opportunity to understand the challenges that these emerging economies offer.
A recent survey of multinational research and development found that 22 per cent of all new research and development centres to be developed between 2006 and 2009 will be located in China and 19 per cent in India. The figures for the US, Western Europe, and Japan are 19 per cent, 13 per cent and 5 per cent. It is clear that multinational firms are increasingly locating their innovation activities not so much in the triad nations of North America, Western Europe, and Japan but in the emerging economies.
This phenomenon raises a number of questions with profound consequences for governments and firms worldwide. It allows resources and markets to be tapped anywhere in the world. Yet locating innovation in foreign countries also raises significant challenges.
This event, with its line up of experts from business and academia offers a great opportunity to understand and discuss the challenges of doing innovation in China and India as well as the long-term economic consequences of these trends. There will be plenty of scope for discussion of the issues raised. The seminar will be followed by drinks and light refreshments and offer an opportunity for networking and further discussion. Attendance is free but places are limited.
The evening will be chaired by Professor Jaideep Prabhu, AIM Innovation Fellow and Director of Research, Tanaka Business School, Imperial College, London.
- Priti Elahi, Director, R&D Business Projects, GSK.
- Clive Harris, Distinguished Engineer, Chief Innovation Officer, GTS, IBM.
- Omkar Joshi, Head of Innovation, Reuters.
- Mehmood Khan, Global Leader of Innovation, Unilever.
- David Tyfield, Research Associate, Demos.
The Festival of Social Science week celebrates some of the country’s leading social science research, giving an exciting opportunity to show everyone what the UK’s social scientists are doing and will demonstrate how their work makes a difference to all our lives.
FOR FURTHER INFORMATION, CONTACT:
Claire Fitzpatrick AIM on Tel: 0870 734 3000: e-mail: aimevents@wbs.ac.uk
ESRC Press Office:
Kelly Barnett on Tel: 01793 413032; e-mail: kelly.barnett@esrc.ac.uk
Danielle Moore on Tel: 01793 413122; e-mail: danielle.moore@esrc.ac.uk
NOTES FOR EDITORS:
1. Venue information:
March 10th 2008, Registration opens at 17.30
Event starts 18.00, finishes 19.30
Drinks, canapés and networking opportunities from 19.30 onwards
Directions to Tanaka Business School, Imperial College can be found at
http://www3.imperial.ac.uk/tanaka/aboutus/howtofindus
To register, complete the online form http://forms.london.edu/form.asp?id=8945
2. Further information about AIM can be found at www.aimresearch.org
3. The Festival of Social Science week is run by the Economic and Social Research Council which runs from the 7th to the 16th March 2008, alongside National Science and Engineering Week. It celebrates some of the very best British social science research, as well as highlighting the ways in which social science makes a difference to everyday lives. Press releases detailing some of the varied events are available at www.esrcfestival.ac.uk
4. The Economic and Social Research Council (ESRC) is the UK's largest funding agency for research and postgraduate training relating to social and economic issues. It supports independent, high quality research relevant to business, the public sector and voluntary organisations. The ESRC’s planned total expenditure in 2007 - 08 is £181 million. At any one time the ESRC supports over 4,000 researchers and postgraduate students in academic institutions and research policy institutes. More at http://www.esrcsocietytoday.ac.uk ESRC Society Today offers free access to a broad range of social science research and presents it in a way that makes it easy to navigate and saves users valuable.
5. ESRC Society Today offers free access to a broad range of social science research and presents it in a way that makes it easy to navigate and saves users valuable time. As well as bringing together all ESRC-funded research and key online resources such as the Social Science Information Gateway and the UK Data Archive, non-ESRC resources are included, for example the Office for National Statistics. The portal provides access to early findings and research summaries, as well as full texts and original datasets through integrated search facilities. More at http://www.esrcsocietytoday.ac.uk