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Many of the success factors applied by Silicon Valley technology start-ups can also be applied to increase the chances of success for other entrepreneurs, and to encourage effective entrepreneurship in traditional and large organizations. There are many goals and activities that are common to both start- ups and traditional companies, such as:

Defining and Communicating a Clear Vision for the Organization
Innovating New Technologies and Business Models
Recruiting Expertise/Enhancing Competency
Motivating and Incentivizing Team Members
Creating Value and Satisfying Customers
Establishing Clear Identity and Brand
Securing Sponsorship (Attracting Investors)
Achieving Benchmarks and Communicating Progress to Shareholders
Staying Ahead of Competition
Becoming/Remaining Profitable--Maintaining Cash Flow
Returning Value to Shareholders (Defining an "Exit Strategy")

Successful Silicon Valley start-ups provide a unique road map for how to thrive in the new economy. The Italian Renaissance brought Europe from the Dark Ages to a new era of innovation and opportunity on many different levels. Similarly, the Silicon Valley phenomenon has ushered in a new era of creative thinking that is transforming the world of business and technology.

Success Factor Modeling

The Success Factor ModelingTM(SFM) process was developed by the authors (Robert and John Dilts) as a method to identify and transfer the critical success factors necessary to promote the growth and development of emerging growth technology companies, and to help them be maximally prepared to create, recognize and take advantage of opportunities when they arise. With nearly thirty years of combined experience in advising both multi-national corporations and emerging growth technology companies, the authors have extensive expertise in defining the necessary strategies, and in providing substantive instructional strategic advice for success in the increasingly competitive global marketplace. Over the past decade, author John Dilts has worked with entrepreneurs and founders of emerging growth companies in the area of venture law (for firms such as Wilson Sonsini Goodrich & Rosati and Venture Law Group) and as a Managing Member of an early stage investment fund (IPF Fund, L.L.C.). Author Robert Dilts has twenty years of experience as an international management consultant and trainer (for such companies as IBM, Fiat, Hewlett-Packard and The World Bank), and is an expert in the process of advanced behavioral modeling.
The authors have combined their skills and backgrounds to create a set of principles and distinctions which are uniquely suited to analyze and identify crucial patterns of business practices and behavioral skills used by successful individuals, teams and companies. The authors apply the SFM process to identify the critical success factors employed by successful entrepreneurs and emerging growth companies so that other companies may learn these strategies in order to facilitate the same level of success. With Success Factor Modeling
TM, it is possible to define specific models, tools and skills that will allow entrepreneurs and their companies to greatly increase their chances of success, and which will allow traditional companies to stimulate and support innovation and entrepreneurial spirit within their existing organization.
One of the strengths of the SFM
TMprocess is its integration of effective business practices with important behavioral skills. Benoit Sarazin, Marketing Manager for the Communications Solutions Services Division at Agilent Technologies, points out, "Many methodologies exist to help people with effective business practices. If you go to a library or bookstore, you can find all types of resources for making business plans, forming marketing strategies, protecting intellectual property, etc. But there are no methodologies for the behavioral skills. This is what makes Success Factor Modeling totally unique."
Success Factor Modeling
TMtakes into account multiple levels of behavioral factors related to success:

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