Lessons from the Real Silicon Valley

An economist says that beneath the region’s veneer, there are business principles entrepreneurs can all learn from.

Silicon Valley has become something of a mecca for talented entrepreneurs looking to make their mark…

So what can the rest of us learn from the thinking and personalities of Silicon Valley? To answer this, we need to strip away the veneer and focus on a mindset forged in an intensely competitive environment.

A Clear Proposition
The first lesson is the danger of distraction. It’s a familiar workplace problem: With so many personalities seeking to bring their ideas to the table at 1,000 mph, focus on the end user is often forgotten. In the Valley, a surge of venture capital and a growing appetite for risk all too often combine with a highly effective pitch (a common skill these days) to seed companies that don’t concentrate on the customer. People fall in love with ideas, not businesses…

Read the full blog at the Stanford Graduate School of Business.

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