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Cited by 48Innovation and Knowledge ManagementBusiness Strategy and InnovationDigital Platforms and Economics

The limits of silicon valley: a critique of network theory

Hobday, Mike·1994·Technology Analysis & Strategic Management
DOI 10.1080/09537329408524166
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Abstract

During the 1980s, the idea ofthe dynamic network was putforward as a new model of flexible production and applied to Silicon Valley, the home ofthe US semiconductor industry. This paper arguss that the Silicon Valley network (a collaborating group of high technology firms incapable of realizing the main rewards from its innovations. Although the dynamic network may be appropriate for the early stage of the product life cycle, it lacks the necessary complementary assets to secure the Profits generakd during the growth and maturity stapes. The network lacks the scale-intensive process capabilities, the global marketing outbts and the large financial resources needed to capture the rewards om mass market innovations. These assets, by necessity tend to be embodied in large integated corporations. A simple model is offered to show the limits of the networkform compared with the integrated ‘Chandlerian’ corporation. During the 1990s, large firms will continue to capture the profits from innovation, not only in saiconductors but also in other important global industries.

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  • Failure in Silicon Valley is linked to networks of small firms being unable to capitalise on the profits that can be made during the maturity stage of innovations.

    “Evidence from Hobday's (1994) study shows that failure in Silicon Valley is linked to networks of small firms being unable to capitalise on the profits that can be made during the maturity stage of innovations (Hobday, 1994).”

    From Networking and innovation: a systematic review of the evidence (2004) · cites this paper as Hobday, 1994

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Authors
Hobday, M.
Affiliations
University of Sussex (GB)
Corresponding author
Hobday, Mike
Venue
Technology Analysis & Strategic Management
Publisher
Informa UK Limited
Published
1994-01
Volume
6
Issue
2
Pages
231-245
ISSN
  • 0953-7325 (ISSN-L)
  • 1465-3990
DOI
10.1080/09537329408524166
OpenAlex
W2018791129
Cited by
48
References
20
Citations by year
2020: 1 · 2015: 3 · 2012: 1
FWCI
11.71
Type
journal article
Language
en
Open access
closed
Locations
Technology Analysis and Strategic Management (publishedVersion)
Topics
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Innovation and Knowledge Management
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Business Strategy and Innovation
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Digital Platforms and Economics
Keywords
network theory, Silicon Valley, dynamic networks, high-tech enterprises, semiconductor industry, complementary assets, product life cycle, international marketing

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