TSMC Founder Morris Chang

7415.063 - 7466.989 Dr. Morris Chang

per car, unit cost goes down. That's why it's also called experience curve. You gain more experience, you become more efficient. That's a simple explanation. But if one just takes that simple explanation and thinks that's all it is about, then you really haven't Learn anything. All right. Anyway, the learning curve. Well, Bruce Henderson, who is now considered the father of strategies.