The Replicability of the Technological & IT Sector Model of Silicon Dissertation

The Replicability of the Technological & IT Sector Model of Silicon Valley, USA in the City of Birmingham, UK - Dissertation Example The paper presents the Silicon Valley, popular section of northern California just south of San Francisco Bay which has an extremely high concentration of hi-tech research centres and offices of the largest innovative companies in the world. Silicon Valley represents the hub of America's innovation sector. It has a global reach and is the concentration of the best brains in the IT and technology industry. However, in spite of the extremely high concentration of minds and capital in Silicon Valley, it came from very modest beginnings. Lee recalls that two classmates began a major electronic device manufacturing company from a one-car garage and six decades later, in 1999 the company, then known as Hewlett-Packard led Silicon Valley in revenue with $47.1 billion. Yahoo, another brand with its operations in Silicon Valley had a market capitalization of $70 billion in 1999. Silicon Valley is a leader in the technology and innovation industry. The following hi-tech hardware and software have companies that have their primary operations located in Silicon Valley: 1. Integrated Circuits (Intel) 2. Personal Computers (Apple) 3. Work Stations (HP, Sun Microsystems) 4. 3D Graphics (Silicon Graphics) 5. Database Software (Oracle) 6. Network Computing (3Com, Cisco Systems) 7. Internet (Excite, Yahoo, Ebay & PayPal). In terms of output, each worker at Silicon Valley accounted for $115,000 in 1999 and this represented 30% higher output per head than the average in the United States. (Lee 2000). Also, Venture Capitalists invested $13 billion in Silicon Valley alone in 1999 representing a third of all venture capital investments in America (Lee, 2000). Ironically, Silicon Valley was just a piece of agricultural land in the Southwest of America a century ago (Shueh & Wyman, 2009). This therefore shows that any fallow land could potentially be rebuilt to become like Silicon Valley, provided some important facts exist. This forms the crux of this research. Research is a quest to acquire knowledge on a given topic through the use of systematic tools and techniques (Kothari, 2005). This research is therefore initiated to answer important questions about how and why Silicon Valley developed into a multi-billion dollar concentration of top-notch research entities. The enquiry will therefore move further to identify the possibility of replicating the main initiators of the development of Silicon Valley in Birmingham, UK. It will seek to identify if the replication can be done and/or the role other significant factors are likely to play in the replicated model of Silicon Valley in Birmingham. Research Aim The research question will therefore be the assessment of the relevant factors that will be significant in the replication of the Silicon Valley Model in Birmingham, UK. In arriving at this end, the following objectives will have to be addressed: 1. An examination of the evolution of Silicon Valley USA and the identification of the roles of key stakeholders in the process. 2. A critical evaluation of how other replicas of Silicon Valley sprung up around the world. 3. An assessment of

Business Idea Diary Essay Example | Topics and Well Written Essays - 750 words

Business Idea Diary - Essay Example It is well known that many persons have issues when it comes to waking up. People set alarms, but fail to wake up even after hearing one. Instead, they just press the snooze button and go on sleeping. The smart pillow comes in here. Connected to power, it shall analyze the persons sleeping pattern through brain activity and then through computer output, the software shall be connected to an alarm that predetermines the number of hours that person needs depending on their sleeping activity and give a choice of three specific time settings that the person can choose from to set the alarm. I will make money to make this product sustainable by placing a business proposal on popular funding websites for people with brilliant business ideas to get donations, funds and investments from. 2. This idea actually came up in mind as I was facing problems in my sleep. I had problems in rising up in the morning and also in getting to bed. I would set the alarm but would either not hear it or actually ignore it. Hence, I thought, â€Å"A smart pillow,† why not? 3. Rating my business idea on a scale of 1 to 10, I think my idea lies at level 8. The reason for this is because it is radical. It brings about a radical change to how pillows are normally used. On its feasibility, the idea is very much feasible. With many other smart devices out there for different purposes, scientists have come up with various ways to monitor brain activity which can be incorporated into pillows. What this product does is that it complements the existing products, in this case pillows that are already in use. This product creates an opportunity for more products of analysis to be brought nearer and create more interaction with their users without negative side effects in the near future. The hurdles that this product faces in the market are one, convincing the likely users that it does not harm them at all because it shall be used in contact with the persons and