Friday, 16 December 2016

Venture Labour

       Gina Neff discusses the course that new business ventures typically take from their acquisition point to their adjourning or failure. She says that network diversity is important because it how fresh, new and different information travels and passes from one node or part to another in order to complete tasks or continue productivity of work. She talks about silicon alley in her article and stated that majority of the companies emerged because the changes in society were becoming very clear; new economic, technology and media values shaped the way the new economy would be defined. Silicon alleys perceived promising future came from 3 beliefs, those were 1. the idea that the internet industry had a certain and positive future, 2. that existing market metrics used to measure market growth were insufficient and 3. That workers had control and autonomy over their work and their choices in the industry. A lot of the reasons why ventures fail and partly the reason why silicon alley faced so many problems and failures of companies in the dot-com bubble, was that businesses in the industry were getting more and more homophilous, meaning they are similar to one another. If these companies are offering the same services, then how do they expect to get ahead and beat their competitors? They need to provide something extra or try something new to propel themselves forward within the market and industry. The problem with this although is that many organizations do not want to make the risk of trying something new only to risk it all and lose the position that they held before.

       The most important point or assertion I found, that Neff makes in this chapter of her book is that “risk is like a choice, it is framed freedom rather than being trapped” the way I understand this is that although risk, in any situation, is looked at as a trap that will only require increased effort and struggle to get out of, it has the ability to be freeing in the sense, when a risk that has been taken proves itself to be beneficial to the interest of the company.


1 comment:

  1. I very much liked your outlook on the concept of risk, Ossy. The fact that silicon alley was unable to remain different in an ever-homogenizing global system, despite their wishful ideologies, as you had previously states, is remarkable, yet quite foreseeable. The ways in which companies are engineered and made are generally, and one would certainly assume it would be, to last and become prosperous. A massive conglomerate like Google has made incredible adjustments in its history in order to fulfill its media fortunes and become one of the greatest companies on planet earth. Risks are surely a gamble in many respect, and one can look at the economic crisis of 2007/2008, which turned people's risks into a collapse of colossal proportions. The World Wide Web will most definitely undergo adjustments and will be threatened by hackers and protesters, but it has created an empire that connects us all, and that is what I feel 2016 onward looks to achieve through its innovations and systems.

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