Z

Faculty

ZHANG Wei

Department of Innovation, Entrepreneurship and Strategy    Associate Professor with Tenure

Vice Chair

Phone:(86)(10)62794970

E-mail:zhangw3@sem.tsinghua.edu.cn

Office:B204 Lihua Building

Office Hours:Thur. 15:00-16:30

Educational Background


2002        Ph.D. in Management, Tsinghua University

1998        M.S. in Engineering, Tsinghua University

1995        B.S. in Engineering, Tsinghua University


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Work Experience


2016-          Associate professor with tenure at Tsinghua University School of Economics & Management

2006-2016  Associate professor at Tsinghua University School of Economics & Management

2011-2012  Fulbright Scholar and International Faculty Fellow at MIT Sloan School of Management

2002-2006  Assistant professor at Tsinghua University School of Economics & Management

2004            Visiting scholar at Stanford GSB



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Courses

     Entrepreneurship, Entrepreneurial Opportunity and Business Plan, New Venture Creation, Entrepreneurship Rsearch Design.


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Research Areas

     His research focuses on venture capital (VC), entrepreneurship, and the co-evolution of entrepreneurial action and the institutional environment in emerging industries. During the past 6 years, he has been studying on the emergence and development of new energy industries, especially solar photovoltaic (PV) industry.


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Publications

Please refer to the following web:
https://scholar.google.dk/citations?user=-2FoDHkAAAAJ&hl=zh-CN&oi=sra

https://www.researchgate.net/profile/Wei_Zhang269

https://publons.com/wos-op/researcher/5065301/wei-zhang/publications/

https://thurid.lib.tsinghua.edu.cn/scholar/653135


International Journal Articles(in English)


Wang, L., Zhang, W.*, White, S., and Fan, H., 2024. Digital technology-based business model design and innovation to address grand challenges: A process model. Strategic Entrepreneurship Journal. (Forthcoming) (The first two authors contributed equally)


Zhang, J., Zhang, W., and Schwab, A., 2024. Interorganizational triads for foreign-market entry: Partnerships  among Western, bridge-economy, and local VCs in Mainland China. Journal of Business Venturing. Volume39,Issue1. (The first two authors contributed equally)  DOI:10.1016/j.jbusvent.2023.106363.


Zhang, W., White, S., Wang, L.&, Zhao, Y.& and Ye, Q.&,2021. How Does a New Venture Build a New Product’s Legitimacy? Evidence from Digital Innovations in an Established Industry. International Journal of Technology Management,Vol.87, Nos.2/3/4, pp.284–314. (&: indicates a current or previous student of Zhang Wei)


Zhang, W., White, S., Wang, L.&& Luo, J., 2021, 3 Strategies to Convince People That Your Startup Is Legit. Harvard Business Review. Digital article. https://hbr.org/2021/05/3-strategies-to-convince-people-that-your-startup-is-legit


Zhang, W.* and White, S., 2016. Overcome the liability of newness: Entrepreneurial Action and the Emergence of China's Private Solar Photovoltaic Firms. Research Policy, 45(3):604-617. DOI: 10.1016/j.respol.2015.11.005.


Zhang, J., Zhang, W.*, Schwab, A., and Zhang, S.,2017. Institutional Environment and IPO Strategy: A Study of ChiNext in China. Management and Organization Review, 13(2): 399-430. (The first two authors contributed equally)
doi:10.1017/mor.2016.40


White S., Gao J. and Zhang W., 2005. Financing New Ventures in China: System Antecedents and Institutionalization. Research Policy, 34 (6): 894-913.


Tan J., Zhang W. and Xia J., 2008. Managing Risk in a Transitional Environment: An Exploratory Study of Control and Incentive Mechanisms of Venture Capital Firms in China. Journal of Small Business Management, 46 (2): 263-285.


Qian, P., Zhang, W., 2008. Rate of return on venture capital investment in China, China Economic Journal, 1(2): 155-164. (The two authors contributed equally)

Books and Book Chapters(in English)

Zhang W., Gao J., White, S & Vega, P. ;Venture Capital and the Financing of China;s New Technology Firms;. Chapter 4 in Chris McNally (eds.), China;s Emergent Political Economy, Routledge Press, 2008.

White, S., Gao J., Zhang W., Financial systems, corporate investment in innovation, and venture capital:the case ofChina. Chapter7 inFinancial Systems, Corporate Investment in Innovation, and Venture Capital (Bartzokas, A. & Mani, S., editors). Edward Elgar Publishing. 2004.

Refered Domestic Journal Articles(In Chinese)

1.Zhang, W., Wang, L., Gao, Y.. Complementary Technologies in Innovation Ecosystems: Orchestration, Governance and Evolution. Science of Science and Management of S.&T., No.3, 2023.


2. Li H., Zhang, W. and Wang J.. How can accelerators help high-tech startups develop? Tsinghua Management Review, 2022, 8(7-8): 33-43.


3. Zhu Jingwen, Zhu Wuxiang, Zhang Wei. How could ventures transform development bottlenecks into new business opportunities? Tsinghua Management Review, 2021 (12): 4-15.


4. Zhang, W., Huang, G.C. and Zhao, N. D. Corporate Institutional Arrangement of Dual-class Share Structure:A case study on the pioneering company listed on STAR market, Tsinghua Management Review, 2020, 8(7-8), pp.42-48.


5. Shi S.D., Zhang W. *, Gao J.,Team Governance Mechanisms and Performance in New Ventures;. Journal of Management Sciences in China. 2016(5):14-27.


6. Shi S.D., Gao J., Zhang W., ;A Study on Factors that Affect the Equalization of Stock Equity Allocation among Entrepreneurial Team Members in New ventures;. Technology Economics. 2015(12): 69-75.

7. Zhao C., Zhang W., ;The growth mechanism of high-tech startups through building strategic alliances with established firms;. Science Research Management. No.2, pp.97-106, 2012.

8. Zhang W., ;Entrepreneurial Team and Institutional Arrangements: the Value Creating Power of Sustainable Development in Entrepreneurial Firms;. Tsinghua Management Review, No.3, pp.36-43, 2012.

9. Zhang W., ;The Metabolism of Entrepreneurial Teams and the Evolution of Corporate Governance;. Tsinghua Management Review, No.4, pp.108-114, 2011.

10. Shi S.D., Zhang W., Gao J., ;Improving New Venture's Performance: An Entrepreneurial Team's Perspective;. Journal of Industrial Engineering/Engineering Management. No.4, pp. 44-51, 2011

11. Zhang W., Ye Y.M., ;A Study on Driving Force of Cooperation in Entrepreneurial Team of High-tech Start-ups;. Technology Economics. No.7, pp.59-64, 2012.

12. Jiang Y.F., Zhang W., ;Collaboration Relationship between Startup and Venture Capital Firm and Its Influence on Collaboration Performance.; Technology Economics. No.9, pp.16-20, 2010.

13. Zhang W., Cheng J.Y., Gao J., Shi S.D., ;The Development and Evaluation of University-based Science Park in China: An Example of the Zhongguancun Area;. Science Research Management. No.1, pp. 95-101, 2009.

14. Zhang W., Chen L.C., ;Effects of Entrepreneur's Human Capital and Social Capital on Establishment and Development of New Ventures;. Technology Economics. No.8, pp.22-27, 2009.

15. Sun W., Gao J., Zhang W., Wang D.B., Feng G.P., ;Institutional innovation for the industry -university -research institute collaboration: An integrated innovation unit;. Science Research Management. No.5, pp.69-75, 2009.

16. Zhang W., Len, Y. and Wang L., ;Business Model Innovation inside Chinese Bio-Pharmaceutical Firms;, Innovation and Entrepreneurial Management. No.4, pp.83-93, 2009.

17. Qian P. and Zhang W., Returns on Venture Capital Investment and Its Determinants: An Empirical Study of domestic Venture Capital firms in China. Economic Research Journal, 2007(5): 78-90.

18. Zhang W., ;The Development and Bottleneck of Returned Students; Entrepreneurship in China: A Study Based on the Zhongguancun Area;. China Soft Science, No.8, pp.116-122, 2007.

19. Tang J., Zhang W. and Gao J., ;A Study on Opportunity Identification and Decision Move of Entrepreneurs under Different Circumstances;, Studies in Science of Science,No. 2, pp.328-333, 2007.

20. Lin S., Zhang W. and Jiang Y.F., ;A Review on the New Venture Growth Model;, Science Research Management, No.1, pp. 84-88,2007.

21. Lin S., Zhang W. and Gao J., ;The Development Trend, Effect and Policy Suggestions of Multi-national R & D Center in Beijing Zhongguancun Area;. R & D Management. No.4, pp. 55-61, 2007.

22. Zhang W. and Gao J., ;A Study on the System and Features of Entrepreneurship Education in Stanford; University. Science of Science and Management of S.&T., No.9, pp.143-147, 2006 .

23. Zhang W., ;Seeking for the Strategy of Entrepreneurial Financing in China;. PKU Business Review, No. 10, pp.56-60, 2006.

24. Lin S., Zhang W., Jiang Y.F., ;The Characteristics of Entrepreneurial Opportunity and the Selection of New Venture Strategy: an Exploring Study based on Entrepreneurship Cases in China;. Studies in Science of Science, No.2, pp.268-272, 2006.

25. Lin S., Zhang W., Jiang Y.F., ;New Venture Strategy: Dimensions, Factors and Research Framework;, Studies in Science of Science, No.1, pp.79-84, 2006.

26. Lin S., Zhang W., ;A Study on the Strategy Adjustment Patterns-Based on the Case Studies of International IT Titans;. Science and Technology Management Research, No.9, pp.28-34, 2005.

27. Lin S., Zhang W., Lin Q., ;A Study on the Framework of the Assembly of Resources in Hi-Tech New Ventures;, Science of Science and Management of S.&T., No.3, pp.143-147, 2005.

28. Lin S., Jiang Y.F., Zhang W., ;A Study on the Entrepreneurial Opportunity Identification: Conception, Process and Analysis Framework;, Science of Science and Management of S.&T., No.6, pp.128-132, 2005.

29. Jiang Y.F., Zhang J., Lei J.X., Zhang W., ;A cross-cultural research on the construct of corporate entrepreneurship strategy;. Studies in Science of Science, No.3, pp.357-361, 2005.

30. Qu Y.J., Lin S., Zhang W., ;The comparative analysis of competitive strategies in entrepreneuring corporations;. Science and Technology Management Research. No.8, pp. 79-82, 2005.

31. Lin S., Zhang W., Qiu Q., ;The Discussion and Development Trends of Venture Creation Process;, Nankai Business Review, No.3, pp.47-50, 2004.

32. Lin S., Zhang W., ;Incentives and Constrains of Managers ; the Corporate Governance of U.S. Firms;. Management Modernization, No.9, pp.23-25, 2004.

33. Zhang N., Zhang W., Jiang Y.F. ;Review of Studies on Venture Investor and Venture Entrepreneurs;. Foreign Economics and Management. No.11, pp.2-6, 2003.

34. Zhang F., Zhang W. ;Entrepreneurial Education in U.S. and Its Implication to China;. Chinese Personel. No.8, pp.7-10, 2003.

35. Zhang W., Guo L.W., ;The Integration of Innovation and Entrepreneurship: from the Perspective of Industrial Innovation in Silicon Valley;, China Soft Science, No.9, pp.102-106, 2003.

36. Zhang W., Jiang Y.F., Chen Y.G., ;Agency Problem, Risk Sharing and Institution Arrangement in the Venture Capital Investment;, Science Research Management, No.1, pp.122-127, 2002.

Books and Book Chapters (in Chinese)

1.Zhang W., Jiang Y.F. Entrepreneurship Management (2nd edition). Tsinghua University Press, 2018. (Awarded the first prize of Tsinghua University in 2020) 


2. Zhang W., Technology Entrepreneurship. Chapter 11 in Management of Technological Innovation (3rd version), (Wu, Guisheng. & Wang, Yi, editors). Beijing: Tsinghua University Press, 2012.

3. Zhang W., Technology Entrepreneurship. Chapter 11 in Management of Technological Innovation (2nd version), (Wu, Guisheng. & Wang, Yi, editors). Beijing: Tsinghua University Press, 2009.

4. Jiang Y.F., Zhang W., Entrepreneurial Management (textbook for MBA and graduate students in Chinese), Beijing: Tsinghua University Press, 2005.

5. Lena Ramfelt, Jonas Kjellberg and Tom Kosnic. Gear Up: Test Your Business Model Potential and Plan Your Path to Success, Zhang W. (Chief translator), Beijing: Renmin University Press, 2016.

6. Abrams, Rhonda. The Successful Business Plan: Secret & Strategies (4th Edition), Zhang W. (Chief translator), Beijing: Renmin University Press, 2005.

7. Lee, C. M., Miller, F.W., Hancock, M.G., Rowen, H. S., The Silicon Valley: a Habitat for Innovation and Entrepreneurship Press, Zhang W. is one of the key translators for the Chinese version, Beijing: People Press, 2002.

Cases

Case (in English)

Gao, J., Zhang, W. and Robert J.. The Evolution of SOHU;s Business Model. Preliminary adopted by the Case Center of Stanford Graduate School Business in 2006.

Cases (in Chinese)


1. Zhang, W. and Liu L.J., The City of Dreams (D), Tsinghua Case Center, 2019.
2. Zhang, W. and Liu L.J., The City of Dreams (C), Tsinghua Case Center, 2018.
3. Zhang, W. and Liu L.J., The City of Dreams (B), Tsinghua Case Center, 2014.
4. Zhang, W. and Liu L.J., The City of Dream (A), Tsinghua Case Center, 2013
5. Zhang, W. and Qin, L., Pleasant Sheep and Big Big Wolf, Tsinghua Case Center, 2009
6. Zhang, W., L Telecommunication Corporation, Tsinghua Case Center, 2009
7. Zhang, W., Zhang X.  and Zhang L., Acewill Corporation, Tsinghua Case Center, 2009
8. Zhang, W.,  Hai Lan Xin, Tsinghua Case Center, 2007
9. Zhang, W., Entrepreneurial Financing of AsiaInfo Ltd., 2002


International Academic Conference Papers/Presentations

Jiguo Qi, Steven White, Wei Zhang, Building entrepreneurial infrastructure: Agency, emergence and China's venture financing system, Academy of Management Annual Meeting Proceedings, 2023. (Best Paper Award)


Jiguo Qi, Steven White, Wei Zhang, Friends in low places: Status, structure and venture capital syndicate performance, Academy of Management Annual Meeting Proceedings, 2020. (Best Paper Award)


Wei Zhang,Steven White and Jianxi Luo. Why do some entrepreneurial pioneer firms but not others become industry cluster roots? The case of China;s solar PV industry.9th Annual Conference of the Academy of Innovation and Entrepreneurship(AIE),University of Sydney, September 1-3, 2016. (Best Paper Award)

Wei Zhang,Steven White and Jianxi Luo. Why do some entrepreneurial pioneer firms but not others become industry cluster roots? Paper presented in the symposium of "Synthesizing Institutional Analysis with Identity Work in Explaining Environment Sustainability", 2016 Academy of Management Meeting, August 5-9, Anaheim, California, USA.

Jing Zhang and Wei Zhang. Legal System and Syndication Strategy: Cross-border Venture Capital Investments in China. 2016 Academy of Management Meeting, August 5-9, Anaheim, California, USA.

Wei Zhang, Steven White and Jiguo Qi. China's VC industry: A punctuated structuration model of institutional entrepreneurship. 2016 Academy of Management Meeting, August 5-9, Anaheim, California, USA.

Wei Zhang,Steven White and Jianxi Luo. From entrepreneurial pioneer firm to cluster architect: Suntech and the emergence of china's leading solar PV cluster. International Conference on Innovation Studies (ICIS2016), June 25-26, 2016. Beijing, China

Wei Zhang,Steven White and Jianxi Luo. From pioneer venture to root firm: Suntech and the emergence of China;s leading solar PV cluster. IACMR Conference 2016, June 15-19, 2016. Hangzhou, China.

Wei Zhang, Steven White and Jiguo Qi. China's venture capital industry: A punctuated structuration model of institutional entrepreneurship. IACMR Conference 2016, June 15-19, 2016. Hangzhou, China.

Wei Zhang, Steven White and Jiguo Qi.  China;s venture capital industry: A punctuated structuration model of institutional entrepreneurship. 3rd AIEA-NBER conference on Innovation and Entrepreneurship, Univ. of Tokyo, Aug. 19-20, 2015.

Wei Zhang, Steven White. How venture capitalists foster or destroy relational rents:The entrepreneur;s perspective. 2014 Academy of Management (AOM) Annual Meeting, Aug.1-5,2014.

Wei Zhang,Jianxi Luo and Steven White. ;Global entrepreneurship and the emergence of a root firm in China;s solar PV industry;. Strategic Management Society Conference (Tel Aviv, Israel), 2014.3.9-10.

Wei Zhang,Jianxi Luo and Steven White.  Global entrepreneurship and the origin of an ecosystem root firm: The case of China;s solar PV industry;. DRUID 2014 on Entrepreneurship, Innovation and Organization (Copenhagen), 2014.6.16-17.

Wei Zhang, Steven White.  Overcoming The ;Liability Of Newness;: Entrepreneurial Action And The Emergence Of China;s Solar PV Industry. 2013 Academy Of Management (AOM) Annual Meeting, Aug. 9-13,2013.

Wei Zhang, Steven White, Yimiao Zhao. Behind The Emergence of China's Solar Industry: Entrepreneurial Legitimacy Building and Resource Mobilization. 2012 Industry Studies Conference, May 29;June 1, 2012, Pittsburgh, USA.

Wei Zhang, Steven White. Overcoming the ;liability of newness;: Entrepreneurial action and the emergence of China;s solar PV industry", Industrial Co-Development (INCODE ) Conference,at Copenhagen Business School, September 24-25, 2012

Wei Zhang, Steven White and Yuming Ye.   AFFECT, BEHAVIOR AND THE DYNAMICS UNDERLYING ENTREPRENEUR AND VENTURE CAPITALIST RELATIONSHIPS, 2012 Research in Entrepreneurship and Small Business (RENT)Conference at EM Lyon School of Management, 2012

Zhang W., Gao J., White, S & Vega, P.. China;s Venture Capital Industry: Transitions in Structure and Process. 2nd International Association for Chinese Management Research (IACMR) Conference. Nanjing, China, June 15-18, 2006.


Jian Zhang, Wei Zhang, Roger Chen, Gary A. Knight. Cross Cultural Validation of a Scale to Assess International Corporate Entrepreneurship. 2006 AIB (Academy of International Business) conference. Beijing, China, June 23-26, 2006.


Wei Zhang and Steven WHITE. Discretionary Cooperation in Entrepreneur-VC Relationship: A study based on the entrepreneur;s perspective. Proceeding of 2007 International Conference on Strategic Management. (ISTP)


Zhang, J., Zhang W. and P. Murphy. The Evolutionary RBV: A Longitudinal Process Study of a Chinese Entrepreneurial Venture, Paper presented in 2007 AOM (Academy Of Management) conference, 2007.


Zhang, J., Zhang W., "The Structuration View of Entrepreneurial Opportunity Development:", 2009 Academy of Management Annual Meeting , 2009.


Zhang W., Zhou N., Entrepreneurial Firm Performance: Resource Endowments from Founders and Venture Capital Firms, 4th IACMR Conference. Shanghai, June 2010.


White, S., Gao J., Zhang W., China;s venture capital industry: Institutional trajectories and system structure. Paper prepared for the International Conference on Financial Systems, Corporate Investment in Innovation and Venture Capital held in Brussels November 7-8, 2002.(Working Paper, INSEAD, 2002/122/ABA)



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Industry Experience

April/2007    Participant Fellow of Global Faculty Colloquium for the Technology Entrepreneurship Education, UC Berkeley
June/2004    Participant Fellow of Price-Babson SEE-20, Babson College, USA China


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Honors

2022, First Prize of Excellent Teaching in 2021,Tsinghua SEM          

2021, Distinguished Faculty of Tsinghua SEM in 2020

2021, Second Prize of Excellent Teaching in 2020,Tsinghua SEM

2020, Best Paper of 2020 AOM Conference

2020,National first-class undergraduate course for the MOOC course of “New Venture Creation”(With Jian Gao, Meng Mei, Lin Lei.)

2020, Entrepreneurship Management (2nd Edition) was awarded the first prize of excellent textbook of Tsinghua University.
2019, “Entrepreneurial Opportunity and Business Plan Development”, awarded as Excellent Course for Graduate Students by the Graduate School of Tsinghua University (Zhang, W., Lei, L.)
2017, first prize of excellent courses of innovation and entrepreneurship education in national colleges and universities
2017, second prize of Beijing Higher Education & Teaching Achievement.
2016, first prize of teaching achievement of Tsinghua University
2016, Best Paper Award, 9th Annual Conference of the Academy of Innovation and Entrepreneurship.
2015, Tsinghua x-lab was named as the 2015 Person/Organization of the Year for Innovation and Entrepreneurship in China by China Newsweek.
2014, Tsinghua x-lab was named as a Zhongguancun Dream Lab by the Zhongguancun Science Park Administrative Committee.
2013, “Entrepreneurial Opportunity and Business Plan Development”, re-awarded as Excellent Course for Graduate Students by the Graduate School of Tsinghua University, with L. Lei, et al.
2010, The People’s Choice Award and entered the final round, the 6th Intel+UC Berkeley Technology Entrepreneurship Challenge (IBTEC), Berkeley, USA (Tsinghua Team instructed by Zhang W.)
2010, Zhou, Q.K., a Master Student under Zhang W.’s supervision, won the “Excellent Graduate” at Tsinghua University
2010, “Entrepreneurial Opportunity and Business Plan Development”, awarded as Excellent Course for Graduate Students by the Graduate School of Tsinghua University, with J. GAO, et al.
2010 Acewill Corporation: Startup and Growth (written by Zhang, W.), was awarded as one of the 100 Best Teaching Cases by the China National MBA Education Supervisory Committee.
2010 Entrepreneurial Team Cooperation in High-tech Start-up(with Ye, Yuming), was awarded as Excellent Paper by the 5th International Conference on Entrepreneurship and Family Business Research, Oct. 2010.
2009, First Runner-up, the mai Bangkok Business Challenge® @ Sasin 2009, Bankok, Thailand (Tsinghua Team instructed by Zhang W.)
2009, The Championship and People’s Choice Award, the 5th Intel+UC Berkeley Technology Entrepreneurship Challenge (IBTEC), Berkeley, USA (Tsinghua Team instructed by Zhang W.)
2008, First Prize of Tsinghua University Outstanding Teaching Achievements(with Jian GAO, et al.)
2007, Entrepreneurial Management was named as“Excellent Course” by the Ministry of Education, with Lei J.S., et al.
2006, “College of Engineering Challenge Awards Third Place” (Zhang W. As the Faculty Advisor), 2006 I2P™(Idea to Product) Global Competition, University of Texas, USA, 2006
2006, Second Prize of Tsinghua University Outstanding Teaching Achievements(with JIANG Yanfu)
2006, Jiang Y.F. & Zhang W., Entrepreneurial Management (“Excellent Textbook”Awards from Beijing Higher Eduaction Committee), Beijing: Tsinghua University Press
2005, “Kelleher Chair of Entrepreneurship Semi-Finals Round Awards Second Place” (Zhang W. As the Faculty Advisor), 2005 I2P™(Idea to Product) International Competition, University of Texas, USA, 2005
2004, ‘Best International Business' Prize (Zhang W. As the Faculty Advisor), USF International Business Plan Competition, University of San Francisco, USA, 2004
2003, Final Round in the Global Start-up @Singapore Business Plan Competition (Tsinghua Team instructed by Zhang W.)


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