By Kong-rae Lee
Technology in numerous kinds, specifically details know-how (IT), has a robust tendency to converge at various levels. This phenomenon of converging innovation is probably going to deepen and widen sooner or later as a result of severe festival in worldwide markets. Asian production businesses particularly lead the worldwide commercial innovation. Convergent innovation exists as a continuing disequilibrium among reference expertise and matching know-how; techniques of those applied sciences take place at various levels to achieve an optimum stability.
Innovations because of convergence are usually valuable, enhancing welfare and employment. This publication sheds gentle at the little-discussed proposal of convergent innovation with examples hailing from Asia. The publication additionally proposes new theories and investigates convergence on the micro point – assured nutrients for suggestion for lecturers drawn to innovation economics and management.
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Managing Convergence in Innovation: The new paradigm of technological innovation (Routledge Frontiers of Business Management) by Kong-rae Lee