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Zusatztext "Explaining much about innovation that others have ignored, Funk helps us better understand how improvements in costs and performance occur with new technologies. While the conventional wisdom suggests that costs fall as cumulative production increases, Funk shows us that the reality of this relationship is different and more interesting. For example, technologies that benefit from reductions in scale (e.g., integrated circuits) have seen dramatic advances; finding these kinds of technologies (and products based on them) is a major task for R&D managers." Informationen zum Autor Jeff Funk is Associate Professor of Technology Management at the National University of Singapore. He has consulted for numerous firms, particularly ones associated with the mobile communications industry. In 2004, he received the NTT DoCoMo Mobile Science Award for his research on the mobile phone industry. Klappentext Jeff Funk is Associate Professor of Technology Management at the National University of Singapore. He has consulted for numerous firms, particularly ones associated with the mobile communications industry. In 2004, he received the NTT DoCoMo Mobile Science Award for his research on the mobile phone industry. Zusammenfassung This book shows how a "technology paradigm" can explain the timing of new industry formation. It describes the circumstances that enable low-end innovations to emerge and become "disruptive innovations." The approach set forth provides reader with a new toolkit for analyzing industry creation and technological change.