The business world has been infatuated with Silicon Valley for at least three decades—and with reason. This is an ecosystem that generates profit out of thin air, building hugely valuable companies virtually overnight, often on the backs of completely intangible “products” and unidentifiable business models. Certainly business leaders in other regions and industries would be remiss in their duties if they didn’t try to figure out what drives this kind of success and copy what they could from it. But recent events suggest that Silicon Valley’s model is not magic; in fact, it may be toxic or, at the very least, simply unsustainable.
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Volume 61, Issue 1, January-February 2018