Global Entrepreneurship Week is a celebration of just that: innovators who give life to new ventures that drive economic and social value creation everyday around the world. Who better to talk with Smith School students about the importance of international entrepreneurship than than global innovation expert, Professor Anil Gupta, the Michael Dingman Chair in Strategy and Globalization at the University of Maryland’s Robert H. Smith School of Business.
On Wednesday, Nov.19, Prof. Gupta led a lunchtime discussion with Smith graduate students and faculty around his latest book, “The Silk Road Rediscovered,” which examines the business and cultural relationships between the emerging countries, India and China.
Though these countries have been around for thousands of years, India and China are more entrepreneurial than ever. As Prof. Gupta shared, these economic super-giants are growing faster than ever, and are poised to surpass the GDP of the developed countries such as the U.S., Japan and Germany in the next 10-20 years.
“Professor Gupta gave very interesting insights into India and China,” said Seth Faulb, a 2015 MBA candidate and president of Smith’s Entrepreneurship Club. “The most interesting thing from the discussion, I thought, was how in the last 2,000 years the global economy was dominated by these two countries and, given conservative estimates, it is very likely to return that way in only 10 years. It sounds to me like the more developed world needs another huge event like the industrial revolution to keep the competitive advantage they have held for the last 100 or so years.”
As future business leaders, a solid understanding of the economic growth and business opportunities in China and India is paramount. At Smith, we are privileged to have such worldly, expert professors, like Prof. Gupta, who can share not only the business implications but also the cultural nuances that will help us work more effectively with diverse teams.
“No matter what career path we are pursuing, at some point it will be very beneficial to have an understanding of the Chinese and Indian economies and the unique characteristics that define each,” said attendee and 2015 MBA candidate, Patrick Gillece. “There are few people who are as knowledgeable and as effective in communicating those issues as Dr. Gupta, so I really appreciated the opportunity to hear from such a renowned expert in the field.”
Anil K. Gupta is the Michael Dingman Chair in Global Strategy & Entrepreneurship at the Smith School of Business, at the University of Maryland at College Park. He is widely regarded as one of the world’s leading experts on strategy, entrepreneurship and globalization. Thinkers50 has named him as one of the world’s 50 most influential management thinkers and has been named by The Economist as one of the world’s “superstars” in a cover story on “Innovation in Emerging Economies.” Click here for more information about Dr. Gupta and his latest book, “The Silk Road Rediscovered.”
The Dingman Center for Entrepreneurship and the Office of Global Initiatives lead a program that brings Smith MBA students to China each year. This year, students will travel from Shanghai to Beijing where they will participate in the 9th Annual China Business Model Competition. Click here to register or learn more about the program.