Silicon Valley = complacency?
According to this BusinessWeek column by John Hagel and John Seely Brown, authors of The Only Sustainable Edge:
We have been struck by the fact that within about 30 minutes of any conversation with a Chinese or Indian executive, we inevitably hear a similar statement -- the urgency is palpable. There's a sense of energy that has been dammed up for decades suddenly being released and pouring forth, trying to make up for lost time.
Contrast that with a similar conversation we had with the executive of a large tech concern in Silicon Valley a few months ago. As we were discussing the rapid growth of offshoring businesses in China and India, the executive sat back in his chair, relaxed and smiling, as he said confidently: "You know, innovation is our birthright here in the U.S. We will always stay ahead of companies in China and India."
This should be worrying compared to what the National Semiconductor CEO had to say a few months ago at a lunch I attended.