Word: high-tech
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Well, there aren't as many IPOs these days. And there aren't as many fans of the open office either. One day last month, Cornell University's William Sims visited two high-tech start-ups as part of his work for the International Workplace Studies Program, a group that researches innovative workplace strategies. One company was the 75-person software-design division of a larger firm; the other was a smaller Web-design outfit. Each had or was planning an ever so hip open-office design for its new digs near the university in Ithaca, N.Y. Sims heard...
...Oakland district of Pittsburgh, Pa., Frasca wanted a "really cool" open design. "Within two months," he says, "all the employees had built their own makeshift barriers, using bookshelves, whiteboard, coatracks and Pier 1 folding screens. I quickly realized that while CEOs and marketing directors love the marketing ploy of high-tech cool, it doesn't work." His current space at IVW, which he founded in December 1999, provides lots of offices and high, podlike cubes for privacy as well as dedicated spaces for collaboration...
...economy that is driving many firms out of the stock market. As investors, especially institutional investors, focus on big-growth, high-tech stocks, smaller, nontech companies don't show up on the radar, even if they are profitable and growing steadily. Martin Bolland, a partner at Alchemy Partners, a London private-equity investment firm, says that because smaller companies are hard to track, "they are an inefficient way of investing" for fund managers. Of the companies that have gone private, more than 90% are in traditional industries such as paper, textiles, food and water, reckons the University of Nottingham...
...High-Tech Magnet...
Over the past decade, and especially within the last few years, Cambridge has become a center for high-tech industries that demand a different kind of employee than the city's traditional manufacturing base...