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To understand Samsung’s rise to dominance we have to go back to the turn of the new millennium when Apple released their first generation iPod in 2001, quickly followed by the iTunes store in 2002. Irrespective of the choice though everyone knew that they were on a collision course with two of their largest strategic partners.
IBM had a near death experience in the early 1990s due a series of bad business decisions. They abandoned the HP Way and replaced decentralized entrepreneurship with centralized control. It was a way of doing business and a credo for the company. But in the wake of that crisis, IBM returned to its DNA of “think.”
One answer to that first question shows up in study after study: superstar firms are succeeding in large part due to information technology. His measure of IT better explains the rise in industry concentration than do measures of M&A or entrepreneurship. Bessen compared measures of industry concentration from the U.S.
For their part, black and Latinx workers have together ticked up only slightly since 2002, to 14.7% One idea is to scale up new models of code schools or tech “bootcamps.” And there are other models worth exploring to improve racial inclusion in high-tech entrepreneurship and within the tech industry.
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