• Technology Change and the Rise of New Industries
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Technology Change and the Rise of New Industries

$80.00
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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 innovat...
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  • 09 January 2013
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Technology Change and the Rise of New Industries explores why new industries emerge at specific moments in time and in certain countries. Part I shows that technologies which experience "exponential" improvements in cost and performance have a greater chance of becoming new industries. When "low-end" discontinuities incur exponential improvements, they often displace the dominant technologies and become "disruptive" innovations. Part II explores this phenomenon and instances in which discontinuities spawn new industries because they impact higher-level systems. Part III addresses a different set of questions—ones that consider the challenges of new industries for firms and governments. Part IV uses ideas from the previous chapters to analyze the present and future of selected technologies.

Based on analyses of many industries, including those with an electronic and clean energy focus, this book challenges the conventional wisdom that performance dramatically rises following the emergence of a new technology, that costs fall due to increases in cumulative production, and that low-end innovations automatically become disruptive ones.

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Price: $80.00
Pages: 264
Publisher: Stanford University Press
Imprint: Stanford Business Books
Series: Innovation and Technology in the World Economy
Publication Date: 09 January 2013
Trim Size: 9.00 X 6.00 in
ISBN: 9780804783859
Format: Hardcover
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"In this important book, Jeff Funk examines what it will take to realize the potential of new technologies for innovating out of the economic challenges that we face. He argues that many theories of innovation are incomplete, outdated, or just plain wrong, and that new insights are sorely needed to address such issues as how much time will be required to get alternative energy technologies to the mass market. The basic message is that we have to think of disruption and discontinuity as positive, productive forces for innovation that must be embraced for change to deliver improvements in human welfare."
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.