Creative Destroyer
“Creative destruction” is the term economist Joseph Schumpeter coined to de- scribe the way entrepreneurs create new wealth through innovation that destroys existing market structures used by incumbents to derive competitive advantage. Of course, technological change – like the advent of the Internet – can be the basis for creative destruction. And the term has been much in vogue in recent years as the New … [ Read more ]
Content: Article | Authors: Allan Afuah, Christopher Tucci | Source: “STERNbusiness (NYU)” | Subjects: IT / Technology / E-Business, Strategy