The Wisdom of Silicon Valley

The Silicon Valley area became a major manufacturing power after World War II. The Cold War furthered this development, as industries involved in defense, aerospace, steel, oil, automobiles, and so on prospered (Hossfeld 405-406). The high-technology industry began in the laboratories of corporations such as Bell Laboratories, American Telephone and Telegraph, Fairchild Camera and Instrument, and General Electric during this Cold War era (Bacon, “Organizing”). Employment in California, especially Silicon Valley, grew rapidly between 1950 and 1980 due to technical innovation that characterized the postwar prosperity. Furthermore, federal spending expanded California’s economy, placing it in the

Stanford University is known for its emphasis on entrepreneurship. Its location in the heart of Silicon Valley has definitely helped shape that image. Stanford alumni have started companies like Google, Netflix, and Paypal. Apple, the most valuable company in the world today, was founded in Silicon Valley in 1976 by Steve Jobs and Steve Wozniak. In 2005, Steve Jobs gave the commencement speech to the graduating class of Stanford. In his speech, Jobs’ speech uses emotion and his ethos in his life story to connect to the students, parents, and family members to tell them that you should never stop pursuing your dreams, no matter the circumstances.

Profits are strong, but the company has to be willing to diversify. Also during this stage is where competition decreases and usually only the strong survives. Take for example the number of phone carriers there were in the 90’s versus how many today.

People look at Silicon Valley with their eyes of admiration and longing. There are true heroes of technology that change the world with universal services like Google, Facebook, Uber. They create greater value, wealth, and opportunity unprecedented in human history. Silicon Valley is always the dream of many. Anyone who has ever had the opportunity to meet Silicon Valley leaders has left in the minds of generous, intelligent, kind and kind people. They want to create more good things with zeal. Obviously, Silicon Valley is now at the center of innovation and technological progress, but do we the truth behind all that technology we used every day. In the book “ Microchip for Millions” by Janice Sapigao,

However, it is wrong to assume that the main difference between small and large companies is how much money they have. Large and small companies play very different roles in the national economy and in the minds of investors. The very large companies really are different than their smaller brethren, and not just because they have more money.

Silicon Valley is an extremely competitive place to work. Many multi-billion dollar company’s headquarters like Google, Apple, Pinterest, and Facebook are located here. These companies want the best of the best for every position in their company and in most cases, they are able to have it.

Further the author is not satisfied with just this view, he then highlights that such people also are ones that oppose default and do not accept status quo. The author having set up the entire proposition in chapter one goes on to elaborate his thoughts. These are neatly arranged in an interesting read that leads a reader to not only enjoy what is written but at times feel exhilarated, with the knowledge and wisdom shared in the book and some anecdotes that reaffirm faith in the goodness of innovation and innovative

Cisco’s CEO believed that Silicon Valley firms had a tendency to decentralize too rapidly while not

Wall Street, the heart of the American finance sector, has increased finance’s influence on government and has also influenced certain policies drastically. The jump in size and profits has increased finance’s influence on government immensely. “From 1998 through 2013 the finance, insurance, and real estate industries spent almost $6 billion on lobbying whereas of March 2014, these sectors had spent almost $485 million—more than any other industry—and had donated almost $149 million to the campaigns of federal candidates.” (Mukunda, 3) Representatives and lobbyists of the financial sector are so entwined with the agencies that are supposed to regulate it. Also, Wall Street’s influence on policy is extraordinary, even after the financial crisis. Wall Street worked to slow the enactment of the Volcker rule, which was meant to prevent banks from using federally insured deposits to trade in their own behalf. In the months before regulatory agencies issued a draft of the rule, the financial industry representatives, who were lobbying hard and weakened it considerably with their influence. These instances portray the excessive power of Wall Street on decision making by

Klaus Schwab whose recent book ‘the Fourth Industrial Revolution’ set the agenda for this year’s World Economic Forum in Davos compares Detroit in 1990 with Silicon Valley in 2014 to highlight the strain new technologies are already putting on the labour market. In 1990 the three biggest companies in Detroit had a market capitalisation of US$36bn, revenues of US$250bn and 1.2 million employees. In 2014, the three

I do agree with companies should not be too small, but not too big either. Small companies do not do as well as larger companies. Larger companies overpower smaller companies though. A company should be medium sized and should allow everyone to help and give opinions. The smaller the company the more likely for it to fail. Depending on the city a small company might not last long if it is surrounded by larger corporate companies. Larger companies are taking over the world. Smaller companies do not even have the chance to grow or become popular, because bigger companies have taken

Within the tech industry and Silicon Valley especially, there is a general theory that “success in tech depends

Although all businesses had to start out small, it seems as if the bigger businesses might actually be making the opportunities not so equal and much more challenging to reach. How big is too big? And should there be a point where it is no longer ok? The U.S. Department of Justice helps by regulating horizontal mergers making sure companies aren’t becoming monopolies, but is this enough? Many laws are in place and many people work hard to make sure the don’t become too powerful. Big business is not unlawful however it gets too a point where the only people that are really benefiting are the people associated with the company; whereas small business can help communities grow and help local economies and expand the town's

It never ceases to amaze me, witnessing all of these Fortune 500, even Fortune 100 and Fortune 50 companies reach such incredible heights. I mean PEAK performances, all in the face of adversities and despite an intensely schizophrenic like, creative environment.

This is the most important features of the successful company is bringing a large number of purchasing power and customers widely. Both Disney and page founded a large company in the media field. There are numerous of properties which introduced by Disney Company such as theme parks, studios and television network. (‘Walt Disney –Wikipedia”n.d). However page and Sergey brain found the google company. There are many advanced application shown by Google Company in various domain for examples, specialized research and communication (“Larry page biography-academy of achievement “n.d). Disney Company is not exactly the same as Google Company in the number of employee and the financial benefits. Disney Company runned 175,000 workers and it had nearly about $45 billion annually. (“Walt Disney-Wikipedia”n.d). It worth noting that 10,000 workers are employed in Google Company and it had about $10 billion received annually (“Larry page biography-academy of achievement “n.d). In summary products and services are useful ways to develop the economic climate in the