Analysis of the Silicon Valley Context for Entrepreneursip and Essay

Analysis of the Silicon Valley Context for Entrepreneursip and Innovation - probe ExampleHigh-tech giants such as Microsoft, Google, Cisco, eBay, Pixar, and many other comm besides known technology-based companies all cry reveal Silicon Valley home. In recent years, such groundbreaking advances as digital video arranging and high speed wireless internet have been part of a non-stop stream of innovations that have facilitated a new bureau of life based on mobile and on-demand telecommunications capabilities. Other important advances have reshaped the way we utilize the internet, further integrating it into the normal course of our day-to-day existence. This extraordinary success not only devising hi-tech advances, but also bringing them to market in a wildly winning way, has rendered the Silicon Valley economy the envy of the world.Web innovations have been the latest hot developments to come out of Silicon Valley. Levy and Stone (2006) maintain that innovative new netsites suc h as MySpace and Flickr are milestones in a new high-tech wave reminiscent of the craziness of the early dot-com days. This rebooting owes everything to the enhanced mogul and pervasiveness of the Web, which has finally matured to the point where it can fulfill some of the outlandish promises that we heard in the 90s. more or less refer to this latest phase in the evolution of the internet as Web 2.0. This new wind vane generation holds great promise for a stream of innovative new solutions that will redefine the achievement to which the internet is integrated into daily life. Aided by faster broadband connections, consumers are using the electronic network more than ever and are publishing their own content to it in droves. At the same time, the web is morphing into a platform for applications that once existed only on computers such as marketing and customer sign tools for businesses and providing a new distribution for products (Bazeley 2005).The exuberance resulting from this success has certainly not come without cost. The 1990s produced a glut of dot-com