Creative Destruction
Subtitle: Business Survival Strategies in the Global Internet Economy
Contributors: Lee W. McKnight (Editor); Paul M. Vaaler (Editor); Raul L. Katz (Editor)
Edition: 1st Mit Pr edition
Publisher: The MIT Press
Published: March 19, 2001
Language: eng
Format: Hardcover
Number of pages: 250
ISBN-13: 9780262133890
Subjects: Business & Management; Communication Studies; Media, information & communication industries; Computer Networks; Technology And Industrial Growth; Business & Economics; Business / Economics / Finance; Business/Economics; E-Commerce - General; International - General; Structural Adjustment; Business & Economics / Management; Forecasting; Congresses; Economic aspects; Evolutionary economics; Organizational change; Technological innovations
First sentence: More than half a century ago, economist Joseph Schumpeter explained that processes intrinsic to any capitalist society engendered a "creative destruction" whereby innovations would destroy existing technologies and methods of production only to be assaulted themselves by imitative rival products with newer, more efficient configurations.