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The enormous and sustained success of Silicon Valley has excited interest around the globe. Startup companies the world over are attempting to emulate its high tech businesses, and many governments are changing their institutions in order to foster Silicon Valleys of their own. What accounts for the Valley’s leading edge in innovation and entrepreneurship?
This book gives an answer by insiders, by prominent business leaders and academics from the heart of the Valley. They argue that what distinguishes the Valley is not its scientific advances or technological breakthroughs. Instead, its edge derives from a “habitat” or environment that is tuned to turn ideas into products and take them rapidly to market by creating new firms.
This habitat includes supportive government regulations for new firm formation, leading research universities that interact with industry, an exceptionally talented and highly mobile work force, and experienced support services in such areas as finance, law, accounting, headhunting, and marketing, all specializing in helping new companies form and grow. Not least is a spirit of adventure and a willingness to take risks.
The elements of this habitat are packed into a small geographic area. In it, networks of specialists form communities of practice within which ideas develop and circulate and from which new products and new firms emerge. Feedback processes are strongly at work: the successes of Valley firms strengthen the habitat, and the stronger it becomes, the more new, successful firms are created.
Among industries, electronics came into the Valley first, followed by semiconductors, computers, software, and, in the 1990s, biotechnology, networking, and the Internet. This extraordinary ability to keep adding new industrial sectors itself affects the prospect for the Silicon Valley's future. What lies ahead? From within, the Valley faces serious challenges in defining a new generation of entrepreneurs, addressing a growing digital divide, and maintaining quality of life. At the same time, the Valley must redefine its global role with respect to other rising innovative regions worldwide. Nevertheless, the proven ability of its highly effective habitat suggests that in both innovation and entrepreneurship, Silicon Valley will maintain its edge.
- Sales Rank: #955033 in Books
- Brand: Brand: Stanford Business Books
- Published on: 2000-10-01
- Released on: 2000-10-01
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x 1.00" w x 6.00" l, 1.40 pounds
- Binding: Paperback
- 456 pages
- Used Book in Good Condition
From Library Journal
The editors (all connected with Stanford Universiy) use contributions from 25 authors, business professionals, and academics to trace the unique evolution of Silicon Valley from 1949 to the present. Focusing on the seminal importance of Stanford University, Hewlett-Packard, Fairchild Semiconductor, Xerox PARC, and Apple Computer, they provide an insider's view of what makes Silicon Valley such a dynamic center of innovation. The essays consider key players and ten crucial features that have molded the region's explosive growth, revealing the unique circumstances that help Valley organizations, communities, and workers respond to internal and external opportunities and threats. Against this backdrop, we learn of the many challenges Valley residents face today, including a structural shift from hardware to software, a slowdown in employment growth and profits, a declining quality of life, a shortage of skilled workers, and a rapidly expanding digital divide. This solid work is recommended for both academic and larger public libraries.DNorman B. Hutcherson, California State Univ., Bakersfield
Copyright 2001 Reed Business Information, Inc.
Review
“Must reading for anyone who wants to understand the driving point for the New Economy. It’s especially gratifying to learn the story directly from some of the Valley’s key figures.”—John Young, retired CEO, Hewlett-Packard
“To emulate, one must first understand. This book is an essential guide for communities and individuals worldwide trying to understand and emulate this startling phenomenon known as Silicon Valley. It shows that by harnessing the power of abundant ideas, ‘Silicon Valley’ has become not just a place but a culture and a state of mind.”—Vinod Khosla, General Partner, Kleiner Perkins Caufield and Byers
“While a number of books have been written on Silicon Valley, this one is unequaled in combining observation and analysis by both scholars and key practitioners. Fine reading for scholars and sophisticated laypersons alike.”—Richard R. Nelson, Columbia University
From the Inside Flap
The enormous and sustained success of Silicon Valley has excited interest around the globe. Startup companies the world over are attempting to emulate its high tech businesses, and many governments are changing their institutions in order to foster Silicon Valleys of their own. What accounts for the Valley’s leading edge in innovation and entrepreneurship?
This book gives an answer by insiders, by prominent business leaders and academics from the heart of the Valley. They argue that what distinguishes the Valley is not its scientific advances or technological breakthroughs. Instead, its edge derives from a “habitat” or environment that is tuned to turn ideas into products and take them rapidly to market by creating new firms.
This habitat includes supportive government regulations for new firm formation, leading research universities that interact with industry, an exceptionally talented and highly mobile work force, and experienced support services in such areas as finance, law, accounting, headhunting, and marketing, all specializing in helping new companies form and grow. Not least is a spirit of adventure and a willingness to take risks.
The elements of this habitat are packed into a small geographic area. In it, networks of specialists form communities of practice within which ideas develop and circulate and from which new products and new firms emerge. Feedback processes are strongly at work: the successes of Valley firms strengthen the habitat, and the stronger it becomes, the more new, successful firms are created.
Among industries, electronics came into the Valley first, followed by semiconductors, computers, software, and, in the 1990s, biotechnology, networking, and the Internet. This extraordinary ability to keep adding new industrial sectors itself affects the prospect for the Silicon Valley's future. What lies ahead? From within, the Valley faces serious challenges in defining a new generation of entrepreneurs, addressing a growing digital divide, and maintaining quality of life. At the same time, the Valley must redefine its global role with respect to other rising innovative regions worldwide. Nevertheless, the proven ability of its highly effective habitat suggests that in both innovation and entrepreneurship, Silicon Valley will maintain its edge.
Most helpful customer reviews
7 of 7 people found the following review helpful.
Excellent guidebook to Silicon Valley
By Shig Matsushita
This is an excellent book to describe all thinkable crosssections of Silicon Valley through interviews in the social science methods and through writing by prominent figures in Silicon Valley. The only drawback I found is that the book has too rich contents for a reader to read through casually. I strongly recommend this book to those serious readers who are engaged in Silicon Valley, associated with venture businesses, interested in mechanisms and histories of Silicon Valley, or interested in business models.
The book has a big reference table to illustrate how different Silicon Valley entrepreneurs are from small business owners and traditional entrepreneurs, and describes four distinct types of entrepreneurs in Silicon Valley. The book also enumerates ten reasons why Silicon Valley has been prosperous.
This is really a good book for a reader to learn what Silicon Valley is like.
1 of 3 people found the following review helpful.
A Fantastic Book with Intensive Stuffs
By Julius Mu
Practically useful for entrepreneurs, venture capitalists and professionals.
0 of 0 people found the following review helpful.
Must read for any entrepreneur!
By danilosd
I've read it many times and, every time I read it, it inspires me. It is amazing to know all the stories of successful entrepreneurs and how to manage to pivot their product until they started to grow.
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