Since coming back from our whirlwind adventure in Israel two weeks ago, I have gushed to my friends and classmates about Israel’s historic landmarks, hospitable people and the innovative and entrepreneurial spirit that beats throughout the country. I’ve developed a newfound appreciation for the incredible achievements that modern-day Israel has made in business – especially given the unique geopolitical challenges facing the country—as well as developed a deeper understanding of the cultural factors that have shaped Israel’s identity and in turn its business environment. Still, one week is not enough to fully map out the complexity of Israel’s history, economy or politics. These are some of the takeaways about Israel that struck me during the trip and the questions I want to continue to explore:
- Startup nation to scaled up nation? Israel is well known for its plethora of tech startups and its strong engineering talent. However, we came across differing perspectives on whether Israel had the potential to develop startups into larger tech empires. During our trip, Intel announced it was buying autonomous driving technology firm Mobileye for $15 billion – a very successful exit for the Israeli company. While the book Startup Nation argues that the diversity of Israel’s people and mandatory military service has fostered a strong environment to build startups, can the country sustain continued growth in the tech sector? Furthermore, is the Israeli market big enough to bring startups to larger scale or is a sale to a non-Israeli company the optimal solution for Israeli startups to grow?
- There is no one-size fits all solution to the conflict in the Middle East. What’s the next best option? Israel has very delicate relationships with its neighbors in the Middle East, many of which are in the midst of political turmoil and many of which do not support Israel’s existence. There are numerous issues underlying the conflict in the Middle East but there is no way to please all stakeholders. However, having open conversations across all countries in the region will be key to navigating the complex political environment and finding solutions that can tackle one issue at a time.
- Israeli’s “survivor” attitude carries through into business. One of the things I appreciated the most about Israeli people is their optimistic and hopeful attitude, even in difficult times. Israelis truly are survivors and their determination to achieve the goals they set forth is an asset in the business world and something we as aspiring leaders should strive to embody.– Nathalie Tadena, CBS’18
Chazen Israel Section B