Hi Tech Industry Case Study Flashcards
1
Q
What is high tech industry
A
Industry that focuses on research, development and production of products which often containing microchips
2
Q
What is silicon valley
A
Hi tech industry park that is the largest cluster of hi tech industries in USA
3
Q
Features
A
- Companies are: Apple, Hewlett-Packard, Mozilla foundation, Facebook, Adobe
- they produce: Hardware, Software, consumer electronics
- Supply links betw/ companies: Apple neeps microprocessors, which Intel corp. makes
4
Q
Inputs
A
- Lightweight electronic components
- Silicon chips
- Intellectual input
- Flat land
- Transport
- Capital
- Govt funding and support
- Highly skilled labour
- Feedback
5
Q
Processes
A
- R&D
- Automated computerised processes
- Using advanced technology to create products that may/may not be hi tech
6
Q
Output
A
- Computers
- Hard/Soft ware
- Security systems
- Consumer electronics
- Products with microchips
- Search engines
- Computer games
- Storage devices
etc.
7
Q
Reasons: Physical
A
- Proximity to other companies, can lobby for benefits
- Near roads and airports –> easy transport
- Easier to recruit employees from single area
- Near San Fran –> large urban market
8
Q
Rea: Economic
A
- Near other companies –> close to supplier and can cut down transport costs
- Epicentre of substantial funding and it is easier to attract financers
9
Q
Educational
A
- Located near many universities for easy recruiting of employees.
10
Q
Political
A
- Can influence/ lobby for benefits
11
Q
Environmental
A
Attracts employees:
- Green parks and amenities
- Higher QOL
- Nearby mountains
12
Q
Developmental
A
- Possibly greenfield areas for expansion
- Proximity to suppliers, customers and research base gives it advantage
- People from all over the world attracted to Silicon Valley –> more diversity and different ideas
- Easier collab and sharing of ideas between companies for success
