Stanford Alumni Generate $3 trillion in Economic Impact Each Year

Why Stanford University is becoming more and more popular over the years? When my family first moved to California, we wondered what makes Stanford the most wanted to go school for many students. I've heard of several tech companies were established in Stanford campus, but is still questioning about the impacts of Stanford.

According to the recent study by Stanford University, "companies formed by Stanford entrepreneurs generate world revenues of $ 2.7 trillion annually and have created 5.4 million jobs since the 1930s" (Beckett).

It's really amazing that one university can support so many jobs and creates huge revenue for the market. In class, we discussed several revenue models that companies used to generate benefits. Stanford is an expensive university but also is known for the most generous university to provide students resources and low-income students free tuitions. It's not only a school for education but also a school that knows the most profitable revenue model.

Stanford's revenue model->
Stanford encourages students entrepreneurs and creates profits from all kinds of business.

Stanford understand that it's important to not rely on one kind of business, but on multiple businesses. Multidisciplinary learning or multidisciplinary business can help to boost individual and companies' growth. As we learned in class that amazon, google, facebook are creating multidisciplinary markets to increase their revenue model. Stanford is applying the same rule!






References:
https://news.stanford.edu/news/2012/october/innovation-economic-impact-102412.html