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Can Korea realize its dream of matching the economic performance of the G-7 nations in the next 15 years? The marshalling of capital, and dedicated, low-cost labor by authoritarian governments in the past created double-digit economic growth based on imported technology. How can Korea's young democracy, fledgling science, and liberalizing policies compete against a new level of global competition? Korea must build its research capability, accelerate the development of smaller, high-tech firms, and reduce bureaucratic conflict in support of an innovation-based strategy. This book puts...

The introduction of new technologies exerts a profound influence on our ways of thinking about current businesses and issues. They quickly make obsolete the products and services that these businesses provide. Nowhere has this been more evident in the early 1990s and the decades before than in the information industries, the focus of this book.

How do technology innovators, business executives, and venture capitalists manage the technical elements of business risk when developing and launching new products? Overcoming technical risks requires crossing the so-called valley of death -- the gap between demonstrating the soundness of a technical concept in a controlled setting and readying the product technology for the market. Crossing the valley of death may mean bringing university-based research to the point where it appears viable to venture capitalists, or bridging the cultural gap between technical innovators and the managers...