Lessons Learned from the Rise of Silicon Valley Tech Startups
Website design By BotEap.comAll successful trading strategies are based on certain guiding principles, such as Google’s famous maxim: “You can make money without doing evil.” Whatever your line of business, the key to long-term sustainable growth is the right principles and sticking to them no matter what.
Website design By BotEap.comEven if your business is not in the technology sector, you can still benefit from learning the unspoken principles behind successful business strategies that continue to serve Google, Facebook, Apple, Sun, Cisco, Amazon, and the other heavy hitters well. from Silicon Valley.
Website design By BotEap.comThese high-tech companies weren’t always big. In fact, they all started small. Many of them were not even the best or first in their field. However, by the mid-1980s, they had surpassed their elders; more established and better financed counterparts on Route 128.
Website design By BotEap.comHow did this happen?
Website design By BotEap.comSociologists suspect that it may have something to do with the cultural and institutional values of that part of California. Silicon Valley’s industrial systems were built on regional networks, which are more flexible, adaptable and dynamic than other business districts in the US, which were based on independent and autonomous mega-companies.
Website design By BotEap.comSilicon Valley vs. highway 128 boston
Website design By BotEap.comIn Silicon Valley, organizational boundaries within and between companies, trade associations, and learning institutions lead to knowledge sharing, collective learning, and collaborative ventures. Big CEOs, startup owners, interns, and new players would meet for coffee, brainstorm, and interact freely with each other.
Website design By BotEap.comBy contrast, the Route 128 companies were very secretive about what happens within the walls of their organizations. The information was very compartmentalized, similar to that in military scenarios. Ideas flowed in systematic, hierarchical chains. This may seem like a logical process to you, but this process actually hindered innovation, another reason why those companies didn’t survive.
Website design By BotEap.comSilicon Valley companies have implemented many successful trading strategies from its beginnings to the present, of that there is no doubt.
Website design By BotEap.comHowever, three of these strategies are constantly present in almost every company there.
Website design By BotEap.comInnovate or perish, it’s as simple as that.
Innovate, otherwise you stagnate and become redundant. Remember that there will always be better, faster, and cheaper ways for consumers to do something. The good news is that there are always new needs to fill, problems to solve, and desires to fulfill. Your company’s job is to find those opportunities and take advantage of them. Website design By BotEap.comTake risks and don’t be afraid to fail while experimenting. Failure, for the resilient, is the first step that must be taken to succeed. Accept your failure and learn from your mistakes, and then iterate and experiment some more until you’re right. Website design By BotEap.comThere wouldn’t be an iPod today if Apple allowed its failure with the Newton PDA in 1993 to get in the way. Website design By BotEap.comOf course, no man is an island!
No business can survive in a vacuum. Communication should not be limited to one direction, or even just a two-way street. The digital age we find ourselves in requires business leaders and leaders to have excellent business communication skills. This means having the ability to sell the vision of the company with colleagues, clients and investors, regardless of the person’s role and position in the company. Website design By BotEap.comHear what the public, staff, and stakeholders of your business have to say. Share your ideas and get their feedback. Most Silicon Valley software makers release free beta versions of their upcoming products, which anyone can try, comment on, and even tweak and improve. Emulate the practice, and you’ll likely learn something new to improve your product or service. You will also earn a lot of respect and goodwill. Website design By BotEap.comYou can even forge authentic and lasting relationships, which is much Better than I-scratch-your-back-you-scratch-mine network fixes Typical among many commercial and professional establishments. Website design By BotEap.compay it later
Ultimately, helping others is its own reward. Organizations with successful business strategies that incorporate social responsibility will earn the respect of their community. Website design By BotEap.com© 2013 Incedo Group, LLC
Innovate, otherwise you stagnate and become redundant. Remember that there will always be better, faster, and cheaper ways for consumers to do something. The good news is that there are always new needs to fill, problems to solve, and desires to fulfill. Your company’s job is to find those opportunities and take advantage of them. Website design By BotEap.comTake risks and don’t be afraid to fail while experimenting. Failure, for the resilient, is the first step that must be taken to succeed. Accept your failure and learn from your mistakes, and then iterate and experiment some more until you’re right. Website design By BotEap.comThere wouldn’t be an iPod today if Apple allowed its failure with the Newton PDA in 1993 to get in the way. Website design By BotEap.comOf course, no man is an island!
No business can survive in a vacuum. Communication should not be limited to one direction, or even just a two-way street. The digital age we find ourselves in requires business leaders and leaders to have excellent business communication skills. This means having the ability to sell the vision of the company with colleagues, clients and investors, regardless of the person’s role and position in the company. Website design By BotEap.comHear what the public, staff, and stakeholders of your business have to say. Share your ideas and get their feedback. Most Silicon Valley software makers release free beta versions of their upcoming products, which anyone can try, comment on, and even tweak and improve. Emulate the practice, and you’ll likely learn something new to improve your product or service. You will also earn a lot of respect and goodwill. Website design By BotEap.comYou can even forge authentic and lasting relationships, which is much Better than I-scratch-your-back-you-scratch-mine network fixes Typical among many commercial and professional establishments. Website design By BotEap.compay it later
Ultimately, helping others is its own reward. Organizations with successful business strategies that incorporate social responsibility will earn the respect of their community. Website design By BotEap.com© 2013 Incedo Group, LLC