To replicate Silicon Valley’s success, focus on culture

Silicon Valley is widely regarded as the ultimate success as an incubator of start-ups and entrepreneurship. Yet most businesspeople, leaders and innovators around the world have learned the wrong lessons from it. They focus primarily on its ingredients — its obvious assets, like venture capital, skilled workers and universities. What they have largely ignored is its recipe — the social interactions that turn those ingredients into vibrant companies. Learning the right lessons of the Valley can empower entrepreneurs, as well as cities and regions, and take them to new heights of innovation and productivity. Read it here.