Advances in Economics, Management and Political Sciences

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Proceedings of the 7th International Conference on Economic Management and Green Development

Series Vol. 44 , 10 November 2023


Open Access | Article

A Review of Cultural, Policy, and Technological Developments in Silicon Valley's Entrepreneurial Ecosystem

Zhe Song * 1
1 Universiti Sains Malaysia

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 44, 96-100
Published 10 November 2023. © 10 November 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Zhe Song. A Review of Cultural, Policy, and Technological Developments in Silicon Valley's Entrepreneurial Ecosystem. AEMPS (2023) Vol. 44: 96-100. DOI: 10.54254/2754-1169/44/20232194.

Abstract

Silicon Valley has been a hub of technology innovation and entrepreneurship since the 1950s. And its entrepreneurial ecosystem is the key to its success and durability. Culture, government, and technology all play a part in Silicon Valley's startup ecosystem.These changes have been crucial in establishing the region as a hub for innovation and entrepreneurship. The people of Silicon Valley have a high tolerance for risk, creativity, and experimentation. Government policies in Silicon Valley play an essential role in encouraging entrepreneurship and innovation by contributing to the region's pervasive "fail fast" attitude. Silicon Valley has been at the vanguard of technical progress and entrepreneurial growth, and regulations like protected innovation have helped to safeguard intellectual property. Recent years have seen significant progress in the areas of information technology, biotechnology, and artificial intelligence in this part of the world. In order to gain a thorough understanding of the entrepreneurial ecosystem of Silicon Valley and to offer helpful experience and suggestions for the development of industries in other parts of the world, this paper will use the research method of literature review to summarize and review the evolution of culture, policy, and technology in Silicon Valley's ecological environment.

Keywords

Silicon Valley, entrepreneurial ecosystem, technological developments

References

1. Adams, S. (2005). Stanford and Silicon Valley: Lessons on becoming a High-Tech region. California Management Review, 48(1), 29–51. https://doi.org/10.2307/41166326

2. Finkle, T. A. (2012). Corporate entrepreneurship and innovation in Silicon Valley: The case of Google, Inc. Entrepreneurship Theory and Practice, 36(4), 863–887. https://doi.org/10.1111/j.1540-6520.2010.00434.x

3. Adams, S. (2020). From orchards to chips: Silicon Valley’s evolving entrepreneurial ecosystem. Entrepreneurship and Regional Development, 33(1–2), 15–35. https://doi.org/10.1080/08985626.2020.1734259

4. Doody, S. T., Chen, V. Z., & Goldstein, J. A. (2016). Varieties of Entrepreneurial capitalism: the culture of entrepreneurship and structural inequalities of work and business creation. Sociology Compass, 10(10), 858–876. https://doi.org/10.1111/soc4.12407

5. Obschonka, M. (2017). The quest for the entrepreneurial culture: psychological Big Data in entrepreneurship research. Current Opinion in Behavioral Sciences, 18, 69–74. https://doi.org/10.1016/j.cobeha.2017.07.014

6. MacDonald, S. W. S. (1983). HIGH TECHNOLOGY POLICY AND THE SILICON VALLEY MODEL: AN AUSTRALIAN PERSPECTIVE. Prometheus (St. Lucia), 1(2), 330–349. https://doi.org/10.1080/08109028308628934

7. Lécuyer, C. (2005). Making Silicon Valley: Innovation and the Growth of High Tech, 1930-1970 (Inside Technology). In The MIT Press eBooks. https://dl.acm.org/citation.cfm?id=1121593

8. Wonglimpiyarat, J. (2005). What are the mechanisms driving the success of the US Silicon Valley? International Journal of Technology, Policy and Management, 5(2), 200. https://doi.org/10.1504/ijtpm.2005.007521

Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 7th International Conference on Economic Management and Green Development
ISBN (Print)
978-1-83558-109-4
ISBN (Online)
978-1-83558-110-0
Published Date
10 November 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/44/20232194
Copyright
10 November 2023
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated