The Silicon Valley Model Management for Entrepreneurship
This book presents a new management model that has evolved in Silicon Valley. The future will favor companies that can migrate to a management model, better suited for the times. The abilities to remain entrepreneurial and innovate constantly wi
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Annika Steiber Sverker Alänge
The Silicon Valley Model Management for Entrepreneurship Foreword by David Teece
Management for Professionals
More information about this series at http://www.springer.com/series/10101
Annika Steiber • Sverker Ala¨nge
The Silicon Valley Model Management for Entrepreneurship
Annika Steiber Institute for Management of Innovation and Technology (IMIT) Gothenburg, Sweden
Sverker Ala¨nge Chalmers University of Technology Gothenburg, Sweden
ISSN 2192-8096 ISSN 2192-810X (electronic) Management for Professionals ISBN 978-3-319-24919-3 ISBN 978-3-319-24921-6 (eBook) DOI 10.1007/978-3-319-24921-6 Library of Congress Control Number: 2015957806 Springer Cham Heidelberg New York Dordrecht London # Springer International Publishing Switzerland 2016 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper Springer International Publishing AG Switzerland is part of Springer Science+Business Media (www.springer.com)
Foreword
The competitive environment in all but the most protected economies and industries has changed radically. Global competition has rained down from diverse origins, from newly developing countries and from “disruptive” firms at home and abroad. The consequences have not been kind to firms built according to the industrial logic of yesteryear. Even those traditional firms operating efficiently using “best practices” have been swept aside. The reason is that it is no longer enough for business firms to “optimize” and to do things right; one must also do the right things. This requires dynamic capabilities, and it is the essence of what the authors are writing about in The Silicon Valley Model. The authors provide rich vistas into how new dynamically capable firms are organized and how they are managed. They are entrepreneurial, and they are good at not just sensing new opportunities (and threats) but also at seizing opportunities and conducting the necessary transformation or “shifting” when their newfound succe
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