by Jerome S. Engel
Can innovation and entrepreneurship stimulate economic growth in diverse communities, or is it only effective in a few unique places like Silicon Valley? This article identifies the salient components, behaviors, and linkages that characterize Silicon Valley and explores how these characteristics apply in a diverse selection of economic communities in Europe, Asia, and Latin America. It focuses on the role institutions—such as governments, universities, major corporations, and NGOs—play in shaping such communities. It provides insights for government policy makers on how to enhance their region’s innovation potential, and offers strategies for entrepreneurs and venture investors as to how to leverage the benefits of clusters of innovation, wherever one is located.
California Management Review
Volume 57, Issue 2 (Winter 2015)
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Video Production: Megan Gonzales
Voice-over Narration: Gundars Strads
Music: "Coast" by Patrick Lee, Creative Commons
© 2015 The Regents of the University of California.