Visiting lecturer Jim Shinn returns to Princeton in Fall 2013 to teach "Radical Innovation in Global Markets" (formerly named "Technical Innovation and Foreign Policy).
Watch the YouTube clip about the course.
About the course
EGR 492: Radical Innovation in Global Markets examines the impact of technical innovation on a global scale. Students learn how innovations in areas such as satellite imaging, global positioning, internet search engines, and pandemic vaccines have a profound impact on foreign policy. From a practical perspective, students learn the roots of these technical breakthroughs: how they are enabled and "nested" in domains of other technologies; how innovations are selected, funded, and brought to market by firms, NGOs or government agencies, under conditions of uncertainty and often high anxiety; and how firms (and governments) grapple with the policy consequences of these radical innovations. Students learn to think about innovation from the standpoint of business managers, government regulators or social entrepreneurs, in very practical terms. They become handy with decision-tree analysis.
From a theoretical perspective, students gain insights into the clash between regulatory policy and rough-and-tumble commercial markets, between national "public goods" and the hard realities of private profit.
Classes meet on Mondays and Wednesdays from 3 p.m. to 4:20 p.m.
About Jim Shinn
Jim Shinn was Assistant Secretary of Defense for Asian and Pacific Security Affairs from 2007-2008. Before that he served as the National Intelligence Officer for East Asia from 2003-2006, first at the Central Intelligence Agency and then for the newly-created Director of National Intelligence.
After serving in the East Asia Bureau of the U.S. Department of State in the 1970s, he spent 15 years working at high-tech firms, first at Advanced Micro Devices, an integrated circuit firm in Silicon Valley, and then at Dialogic, a voice processing technology firm, which he co-founded. Dialogic became the global leader in its market, and both Microsoft and Intel acquired minority positions in the company. In 1992, the firm completed a very successful IPO. Jim subsequently participated in several high-tech start-ups as an investor and outside director - some quite successful, some not.
Jim was Senior Fellow for Asia at the Council on Foreign Relations from 1992-1996, where he wrote or co-authored several books and publications, including Weaving the Net: Conditional Engagement With China (1996) and Fires Across the Water: Transnational Problems in Asia (1998), both published by the Council on Foreign Relations Press. His most recent book is Political Power and Corporate Control, co-authored with Peter Gourevitch, published by Princeton University Press (2005). His current research interests include innovation, risk management and decision-making under uncertainty.
Jim holds a BA from Princeton ('73), MBA from Harvard ('81), and PhD from Princeton ('01).