In Immigrant, Inc., Richard T. Herman and Robert L. Smith tell us the controversy of Why Immigrant Entrepreneurs Are Driving the New Economy (and how they will save the American worker). They share the stories of many generous and knowledgeable people from different background, cultures countries and many other very important facts to know. They expose how Immigrant is becoming a competitive in this field and bringing great advantages to the global economy with their ideas. The Immigrant impact is having a great contribution on different companies for example e-commerce such as EBay and many other like Google, yahoo, hotmail, YouTube and so on I can mention many more. Now in this time Immigrant are getting a huge part for the US economy opening new business and creating jobs. The authors say “ This is a book for people and communities who want to join the new and exciting age to come. It’s for those looking to take advantage of a permanently New Economy, an era that will be defined by innovation, smart technology, and multicultural life styles”. In my opinion every immigrant who come to the US, he comes with the desire to success in life or give the opportunity to their children. A famous quote that I would never forget is “The American dream” because I am an immigrant who comes with the same purpose of all of these people from the book. I think you need to be hungry and have the desired to achieve all your goals and you don’t need to be an immigrant to success in life.
In the first chapter the authors share and very nice story how two immigrants from two different countries, cultures, expectation and many other things but both were immigrants. Te-Ming Chiang from Taiwan and Ric Fulop from Venezuela both have never met before Te-Ming and scientist from MIT and Ric Fulop an entrepreneur and college dropout. They get together to found the batteries maker A123 that powers Black & Decker’s pro-model power tools. In my opinion Ric Fulop had a vision and strategy to success and Te-Ming had the knowledge to create this new business so they get together and exchange ideas. Fulop also says “ First of all, you believe in the American dream thing” this means that he needs to make something happen. There are so many good people who had contribute to any dream happen for example Levis Strauss, he is from Germany. The co-founder from Google Sergey Brin, he believes “Knowledge is always good, and certainly always better than ignorance” say Brin immigrant from Moscow. The other talent person is Pierre Omidyar a French born and founder of EBay. There are so many immigrants who have contributed and open the door to new candidates or prospect to success in America. So I believe this is a great country with plenty opportunities that many immigrant have take advantages for good and benefit the country. The purpose of the book or hope is to helps anybody to “Think and act like an immigrant” as you pursue an entrepreneurial and professional goals, and in the process toward a dream to come genuine.
The Ten Things Managers Need to Know fromImmigrant, Inc.
1. It is always good to know more than one language to communicate in global business. This would give you a better understanding from prospect investors or customers.
2. You need to have a goal in life to achieve and prepare yourself for the best and always have a plan B.
3. Need to be in a positive mental posture to success and capable to achieve it. So believe you can do with a strong belief system.
4. Hang around the right people like other successful people so create a good environment to work.
5. Need to be alert and look for situations that can create success opportunities so you can take advantage.
6. Very important to become valuable at what you do and become known as a resource because the marketplace will reward you.
7. Responsibility and Action are a great combination because they balance and plan to your success quest.
8. Need to be persistent or stick on your dream until you win so develop a positive attitude and maintain it.
9. It is very important to dedicate time to any dream to make it happen and stay in from of the people you want to do business.
10. The power of teamwork is very valuable in this environment because you build a strong business.
Full Summary of Immigrant, Inc.
A mighty New Idea
“I think we should welcome all peaceful people to our country. They get to pursue the American dream and we get to benefit from all the wonderful things that immigrants bring to our company- like good old-fashioned soccer – Drew Carey”
In the first chapter, they introduces us Yet-Ming Chang who was forty-two years old. He is an immigrant from Taiwan and a scientist. He has a career applied to a research and work on ceramics. He recently is working in renewable energy, the emerging clean technology that could replace fossil fuels. Chiang is experimenting with small lithium battery materials and he discovers a way to extract the double of power from conventional battery cells. He is a professor form the elite Universities MIT doing interesting work with batteries. He has the vision that he would offer his idea to a private industry and see his work benefit others. He leaves the academy and go into the battery business. Ric Fulop is a college dropout from originally from Venezuela. He is an entrepreneur who starts at a very young age with not so much luck. He starts his first business at the age of 16 years old and it was a computer business. This business was in the city of Caracas, Venezuela. After this experience and he tries 4 more business but with the same luck. The all crashed but when he went to talk to Chiang without knowing him. He introduces himself as great and successful entrepreneur and he told him that he is in the Red Herring Magazine’s Top 10 entrepreneur. He went and meets Chiang to propose an idea with his skill as an entrepreneur. He has a vision that a battery company would be the new generation of electric cars in America. Therefore, Fulop and Chiang meet each other; they went to offer the idea to a key catalyst named Gururaj Deshpande. Deshpande and businessman from India with a degree in engineer and he was focus in ideas on fiber optics. He is one of the richest man and very successful. He is a chairman of Sycamore networks and also a venture capitalist. After all this steps, Chiang and Fulop get together with Bart Riley an American engineer. He is old friend from Chiang so the three together found the company named A123systems. This company in 2009 became part of Black & Decker’s pro-model power tools. The company creates about 1,800 jobs in three continents. They had the vision and commitment with the business and they want to succeed. This is an example of innovators and immigrant that will create jobs if we let them.
The Mounting Evidence
“Every aspect of the American economy has profited from the contributions of immigrants. – John F. Kennedy”
In chapter two, we meet Vivek Wadhwa who is an Indian immigrant. He fostered two successful software companies located North Carolina Research Triangle. He grew up in three different countries Malaysia, Australia and Indonesia. Later on he moves to New York City in 1980. He went to Canberra University in Australia and obtains a degree in computer studies. He studied his master degree in Business Administration in New York City University. Later on, he becomes an executive vice president and chief technology officer for the company Seer Technologies. He helps this company to grow in net worth. He has the idea to link new and old technologies when he opens Relativity Technology, Inc. This company was one of the 25 coolest companies for Fortune Magazine in the technology world. He also joins Duke University as a professor in 2005 and a year later form a team of student engineer to do a research. They were working to identify all the small and mid-size technology-engineering companies that had opened form 1995-2005. They found out that across America, many immigrants help 25% of new invented technology. In conclusion from Wadhwa’s is “Skilled immigrants are one of our greatest advantages”.
A Land of Opportunity, Still
“To think that a once scrawny boy from Austria could grow up to become Goverrnor of Califronia and stand in Madison Square Garden to speak on behalf of the President of the United States, that is an immigrant’s dream. It is the American dreams. – Arnold Schwarzenegger”.
In Chapter three, we meet Monte Ahuja immigrant from India, is the founder and chief executive of Transtar Industries Inc., which is the largest seller of transmission parts in the world. He got his first job in Cleveland car parts supplier called Lemoco Industries. However, the manager who hired Ahuja felt that he was not qualified for the job. On the other hand, he saw how persistent he was and gave him the job on a temporary basis. Later on he becomes an expert on car parts and very familiar in the business. Ahuja went to the library and read all about transmissions and get really involved and committed to know well what he was doing. In 2008 the company Transtar was the largest supplier of transmission repair parts in the world and was doing very well. He exposes really good facts such as An idea, an obsession, Learning to Persevere, and Survival, climbing, and Thriving. He thinks a lot of immigrants’ success can be attributed not only to high hopes, but also to sacrifice and persistence, and, much of that comes from upbringing. The last fact that he mention is Where Business is Business conclude with all his thought of how an immigrant can succeed in global business. As Ahuja describes it: “An immigrant comes here with a predetermined motivation to succeed. They see other people succeed, and they say, “I can do that”.
“Every great dream begins with a dreamer. – Harriet Tubman”.
In chapter four, we meet Carmen Castillo from the Spanish island of Mallorca in the Mediterranean Sea. She launches a Superior Design International that was located in her apartment. It turns to one of the largest Hispanic business owner in America and one of the largest women who own a business in the world. The company had revenues exceeded $200 million a year. Carmen Castillo says that she will became successful because she had nothing to lose. She thinks, “If I fail, I’ll just go back to Spain.” Another successful immigrant is Generoso Bahena who launchs his fourth successful restaurant in Chicago. Generoso starts cooking from an early age and developing his skills for good. He moves home to go to America at only 16 years old to attend St. Augustine College where he studies culinary arts. Many food critics call him a “master of the moles,” because his complex sauces that complement with many traditional Mexican dishes. In this chapter important facts are Seeing it first, a 24- hour job, Mexico Never tasted So Good and No room for a dream. The last one is Colors of Palestine and they say you might never have heard of Farouk Shami. He is the founder and chairman of Farouk Systems. He creates BioSilk shampoos and conditioners, CHI nail polish, and SunGlitz hair dye. Shami said his strategy was motivated by rising costs and concerns over quality control, especially after Chinese-made toys were found laced with lead –based paint. Shami says “he wants to give something back” “I want to do my part”.
Earth’s Best and Brightest
“When the students is ready, the teacher appears. – Chinese Proverb”.
In chapter five, we meet Xunming Deng and Liwei Xu who are immigrants from China, they designed a new means of capturing sunlight. There are lightweight and flexible. These are solar modules that offer greater versatility so they are conventional glass solar panels. They are heavy and bulky and often require reinforcing a roof. These are very thin-film solar sheets that could be rolled out across rooftops and are hallway runners. This allows a factory or retail center to generate clean electricity from the sun. In 2008 became Xunlight and they announced that they had received a $22 million investment from a group of venture capitalist to start “First Solar.” This change the company name to Xunlight, reflecting a sharpened focus on transforming sunlight into electricity. There are making about 15 percent of the American workforce, so immigrants represent 50 percent of the motions. The scientists and engineers with doctorate degrees some are immigrants. In 2009, inventors inducted into the National Inventors Hall of Fame were immigrants and they were so proud from where they come. Adedeji Adefuye is from Nigeria and he is a doctor. He came to Chicago for advanced training and fell in love with America so he decides to work in the US. He became the director of the HIV/AIDS Research and Policy Institute at Chicago State University. Xunming says, “You do not give up hope”. Important facts are Attracting the Striver Class, An African way, The Reluctant Italian-American, Out of Shadows, into Solar, Love, Study, and a Start-up, and At home far away. As China is expanding opportunities at home, America offers a chillier welcome.
Cowboys of a New Frontier
“Occasionally an immigrant can see things which escape the attention of the native. – Michael Pupin, Serbian- American Scientist”.
In chapter six, we start with a cold night at New England. Where we meet againg with Ric Dulop, Yet-Mian Chiang, Bart Riley, and Gururaj Deshpande who are requesting $1.8 billion to build battery cell factories in America’s Midwest. The company A123Systems exhibits most of the traditional traits of entrepreneurship. They are bold and energetic people, highly skilled, and prone to work under pressure. They possess traits in common to their culture such as being well travelers and speakers of more than one language. The mathematician James York mentions, “The most successful people are those who are good at Plan B.” A123System’s is a high energy because they do lithium-ion batteries powered by Black & Decker’s DeWalt line of cordless power tools. They are searching to produce airplane engines and Propelled Hybrid buses. Ric Fulop is credited and pioneering the broadband Internet industry before charging into renewable energy. He begins his first company at age 16 and soon it was earning nearly $1 million a year. He dropped out of college and lost tens of millions of dollars with Chinook Communications and Broadband2Wireless, promising companies that soared and crashed. Fulop exposes, “I think an important part of being an immigrant is desperation. Failure is not an option. You’ve land it here, you’re alone, and you need to make a new life for yourself.” He also said that the reason he became an entrepreneur is because he feared no one would hire him in Boston. Yet-Ming Chiang arrives in America when he was six. At age 18 he attended MIT and he was considered to be the most productive university in the world so entrepreneurism and innovation is a key. Bart Riley is an engineer with a Cornell University doctorate and over 40 patents. Chiang, the professor with key technology, he is the experienced engineer. Fulop is the money-raiser and start-up wizard made up A123Systems. Mr. Deshpande later joined them with the founder of A123 and also agreed to invest in their battery quest and help. He helped them get an attractive group of investors including to Silicon Valley venture capital firm Sequoia Capital, General Electric, Procter & Gamble, Motorola, and Qualcomm. This is “Entrepreneurship is always about changing the game,” Deshpande adapts to his quote. “The magnitude of the change depends on where you are.” A124’s lithium-ion battery generated 10 times the power if a conventional battery, ran cool and constant, and recharged quickly. Unfortunately, General Motors delivered a blow when it disclosed it had instead decided to choose a Korean company to build battery cells for its plug-hybrid, the Chevrolet Volt. Chrysler had chosen them to power its next generation of electric cars. A123’s planned to build the first lithium-ion battery cell plants in North America, in southeastern Michigan, the heart of the American auto industry. These batteries would propel hybrid Jeep Wrangles and Chrysler vans.
Desperate Achievers: Prequel to Google
“Every migration is an opportunity and kind of death. – Writer Rob Nixon”.
In chapter seven, we meetEugenia Brin who is a refugee and escape from the Soviet Union. She was hired by NASA as a research scientist, and specialized in satellite weather forecasting. Her son Sergey Brin was one of the most successful entrepreneurs in the world. He is the company advisor and early investor in Google. This company who has the one of the highest amounts of immigrants working for them. The United Nations classifies a refugee as someone who has been forced to flee his or her country. This is because of persecution, war, or violence and who cannot sagely return. The United States offers smidge more than 1 million immigrants a year and a much smaller amount of refugees. High-achieving refugees include Albert Einstein, Madeleine Albright, George Soros, and Thomas Lantos. They are some of the most ambitious entrepreneurs of the New Economy in this era. Quy “Charles” Ton was 14 years old when his mother told him it was time to leave and go the United States. He later studied chemical engineering at Louisiana State University. He became a millionaire for his salon, Regal Nails. There are more than 1,000 locations spread across America. His factories and warehouses were located in Baton Rouge, where are tons of manufacture and suppliers almost everything. The Vietnamese Americans were running 80 percent of the nail salons in California and 44 percent nationwide. Another immigrant in this industry to make it big was Thuong Nguyen, who convinced Wal-Mart to test in-store salons in a few locations. Now, fellow Vietnamese immigrants own almost all of his franchises.
“The More I traveled, the more I realized that fear makes strangers of people who should be friends. – Shirley Maclane”.
In chapter eight we meet Michael Nutter who became a leader of America’s sixth largest city that was facing financial crisis. There are extremely high murder rate, and a shrinking and anxious middle class. Therefore, he swore to make the city safer, bigger, and more productive. He mentions “It’s very important that the world knows that Philadelphia is an immigrant-friendly city,” Nutter told the Philadelphia Inquirer newspaper, “The vast majority of new immigrants have demonstrated that they are tremendously involved in the community. This drew immigrants from all over the world. The largest group of immigrants came from Asia to America. Philadelphia is one of the first cities that came up with the new economic strategy if an immigrant-driven revival. The Immigrants also helped to properly cities like Boston, Atlanta, Toronto, and Seattle into international cities. A report by the President’s of Commission on Immigration and Naturalization reads,” The richest regions are those with the highest proportion of immigrants.” The industry and their skills are expertise were major factors in the economic development that made these regions prosperous ones.” The mayor Albert Jurczynski discovered Guyanese Americans in high-priced apartments in Queens, New York. He puts all on buses and drove them to another town three and a half hours away to the struggling city of Schenectady and gave them a tour. Giovanni Peri and Gianmarco Ottaviano examine the effect of immigrant labor on economies in America’s 100 largest cities from 1970 to 2003 economies. They also found that immigrants boost home values and time after time they found that immigrants were catalysts to economic growth. Porter says, “Immigrants clearly and more readily identify the unique business conditions and opportunities that inner cities offer and are able to capitalize upon them. There are a direct correlation between immigrant populations and job growth in inner cities.”
The Stimulus we Need
“It is not the strongest of the species that survive, nor the most intelligent but the ones most responsive to change. – Charles Darwin”.
In chapter nine meet reporter Christine Romans and she says that about 12 million people were living illegally in America. These are nearly two-thirds of them from Mexico and Latin America. The National Academy of Sciences warns that America leads in science and technology was “eroding at a time when many other nations are gathering strength.” The international students were studying, researching, and spending money. So these students are in their dependents contributed to over $15.5 billion to the U.S. economy. Unfortunately an estimated 50,000 immigrants have left the U.S. in the last 20 years and returned to India and China. It is expected that an additional 100,000 will leave in the next few years to their original countries. This is because America does not carry and cannot offer enough visas. It is only allowed to issue 1 million green cards per year and only 9 percent are reserved for high skilled immigrants. These people who are driving the New Economy in America. America’s population now exceeds 300 million. China announced it would begin offering bonuses to executives and academics who came back to help the nation build its New Economy. America loses more innovation if newly minted graduates go elsewhere; it loses tax dollars.
Thinking like an Immigrant
We came from the land of the ice and snow
From the Midnight sun where the hot springs blow,
The hammer of the gods
Will our ships to new lands,
To fight the horde, singing and crying:
Valhalla, I am coming!
On we sweep with threshing oar,
Our only goal will be the western shore.
Immigrant song – Lep Zeppellin.”
In chapter ten and last one we see America stared up from the depths of recession in mid-2009. We are hoping the worst was over but it just the beginning. This is in December 2007 when house values plunged and banks teetered. All the employers are cut in pays and slashed jobs that turned into the worst economic downturn since the Great Depression. The ex- president John F. Kennedy, he wrote about the remarkable resiliency of immigrants. Their unshakable belief in the American ideal and in his book says “A Nation of Immigrants, he stated, “Immigration is by definition a gesture of faith in a social mobility. It is an expression in action of a positive belief in the possibility of a better life. It has thus contributed greatly to developing the spirit of personal betterment in American society and to strengthening the national confidence in change and the future.” The authors of this book interviewed tons of successful immigrant entrepreneurs and found that most of them posses these success traits are A keen sense of adventure, A reverence for education, Love and respect for family, An eagerness to collaborate, A tolerance for risk and failure, Passion often born of desperation, and last one a tendency to dream. These are very important facts that were provided from immigrants.
The Video Lounge
In this next video we would be able to see both author telling a brief explanation about the book that they wrote. They also mention the designer from Iran of billionaire website Google. How powerful are Immigrant in today’s economy and they are not to take job, they are creating jobs in America.
Why I think:
- The two authors combines ideas and stories that gives a different point of view about immigrant in the US. They create a nice reading when they interview all these successful people and ask for their opinion. I think it help me to see different as an immigrant that I am, and I am here with a purpose. I think immigrants are very important for the US economy so we are driving in it.
- If I were the author of the book, I would have done these three things differently:
1. I would share less statistical information that was unnecessary.
2. I would explain more about the culture of each immigrant to really know their background.
3. I would explain a little bit more about of all the countries that they talk with geographic facts.
- Reading this book made me think differently about the topic in these ways:
1. More open to other immigrants and know more about other cultures.
2. Reading and education is a great tool to succeed and use for successful.
3. Immigrants are around the world only in the US.
- I’ll apply what I’ve learned in this book in my career by:
1. Preparing myself for the best and doing in it the best I can.
2. I will be more open-minded and very positive to any idea that runs in my mind and try to make real.
3. Skills are very important and repetition makes a master. Do it because you like is not an obligation to do it.
Herman, Richard T. & Smith, Robert L. (2010). Immigrant,Inc.: Why Immigrant Entrepreneurs Are Driving the New Economy (and how they will save the American worker). Hoboken, NJ: John Wiley & Sons, Inc.
Contact Info: To contact the author of this “Summary and Review of Immigrant, Inc.,” please email firstname.lastname@example.org.
David C. Wyld (email@example.com) is the Robert Maurin Professor of Management at Southeastern Louisiana University in Hammond, Louisiana. He is a management consultant, researcher/writer, and executive educator. His blog, Wyld About Business, can be viewed at https://wyld-business.blogspot.com/. He also serves as the Director of the Reverse Auction Research Center (https://reverseauctionresearch.blogspot.com/), a hub of research and news in the expanding world of competitive bidding. Dr. Wyld also maintains compilations of works he has helped his students to turn into editorially-reviewed publications at the following sites:
- Management Concepts (https://toptenmanagement.blogspot.com/)
- Book Reviews (https://wyld-about-books.blogspot.com/) and
- Travel and International Foods (https://wyld-about-food.blogspot.com/).