Social Capital and Capital Gains in Silicon Valley Case Solution
This Case is aboutÂ IT, SOCIAL RESPONSIBILITY
PUBLICATION DATE: January 01, 1999
Silicon Valley is built on social capital, but it’s social capital of a basically different kind from the notion of “serious civil participation” that’s come to control development theory and to determine policy. Social capital in Silicon Valley is best comprehended as performance-based trust. It emerges among institutional and economic actors in the pursuance of goals related especially to innovation and commercialization.Â In Silicon Valley, the sequence runs from operation from community to trust as the civil participation theorists would have it, not to trust, Silicon Valley is an open society–open to thoughts, particularly, and to associations to individuals. Community-established trust indicates a closed society.