Webfirms around the world are eager to replicate the successes of enterprises that have established innovation labs in california's silicon valley. Tech clusters like silicon valley play a central role for modern innovation, business competitiveness, and economic performance. This paper reviews what. 'successful innovation hubs in silicon valley are based on eight factors: Hiring creative, intrinsically motivated staff, designing a framework for effective output,. Websilicon valley is often regarded as the global epicenter of disruptive innovation. Over the last decades, it has transformed itself from a rural area known for. Unique resources, relationships, and mindsets shape silicon valley's innovation. Silicon valley's culture is deeply rooted in psychological. Weban analysis of four leading us companies that have set up idea incubators in the valley—xerox, apple, google, and cisco—point to eight factors for success in.
