Silicon Valley changes on the horizon
Will Silicon Valley remain a leading force for innovation?
Yes, says Stanford University President, John L. Hennessy, in a Business Week interview published today.
That doesn't mean the Valley won't change, however.
Q: Let's look out a few years. How will the Valley change?
A: I think several things will occur. In the aftermath of the bubble a lot more attention will be paid to core technology advantage and the sustainability of an advantage. Will there be a market for this technology? A lot more attention will be paid to both those things.
I think we'll see much more emphasis on whether you think of outsourcing some sort of the R&D function or restructuring it in some way. I think you'll see more emphasis on that, so that what gets done increasingly in the Valley is what would be extremely difficult to do somewhere else, rather than something that could be done somewhere else possibly less expensively.
The Valley's greatest weaknesses are high costs and arrogance, Hennessy correctly observes.
What's the story? Doug Millison also edits OnlineJournalist.org, "on a need-to-know basis"