West coast franchise
West coast franchise
All matters in this country are oftentimes broken up on the lines of ‘East Coast vs. West Coast.’ Some standard sports competitions follow that method such as Lakers vs. Celtics. Another apparent limning between east and west is in the business field: Wall Street bankers and blue collar company moguls usually occupy east coast cities like New York and Boston, whereas Hollywood movie producers and Silicon Valley tech enterprisers adhere in the west.
Yet, this apparent West coast franchise business outlining (or the perception of one) might be breaking down. West Coast venture capital firms have been perpetually investing more revenue in the bio-tech and pharmaceutical spheres, which are usually controlled by East Coast titans like Genzyme and Merck. An antecedently scattered Hollywood is beginning to cross-pollinate with not only the tech industry up the California coast, but likewise with video game collaborators on the east coast and all over the middle of the country. Fundamentally, usually insular fields are opening up through applying as business opportunities introduce themselves both economically and geographically.
An effective example of the breaking down of geo-economic lines in hiring is with Wall Street. Prototypical New York bankers and West coast franchise traders are recognized to identify themselves with Armani suits and thousand dollar bottles of scotch. Now, still, Wall Street appears to be getting a stream of tech professionals that feel gratified with themselves by shorts and sandals and bottles of mountain dew.
From Forbes: “What Wall Street is going to demand to remain wealthy are some estimable tech professionals. The West coast franchise department where Wall Street recruiters and hiring managers say they’re going to add the most employees next year is technology. 2010 was already a big year for technology jobs on Wall Street- since the initial quarter, tech postings are up 75% from a year ago, due to eFinancialCareers.”
While a large number of these ‘east coast techies’ won’t be working on exciting Web 2.0 projects like they would be in Silicon Valley, they will be migrating attributing to a high requirement for more effective West coast franchise technology within the banking, trading and investing spheres. East Coast banks and investment firms are searching for back up for their ‘intricate technology bases’ in addition to new and progressive West coast methods that technology can assist economize capital.
A crucial enquiry will be how these West Coast techies will take to the hiring systems of the East Coast. Silicon Valley does work in a really particular method: Bay Area companies (particularly startups) are recognized for their easygoing demeanor, pliable hours, work-at-home encouragement, high level of generative back up in addition to effective West coast franchise equity choices.
