Business, 22.03.2021 20:50 thebrain1345

Joseph Shumpeter used the term “creative destruction” more than 70 years ago to describe how capitalism builds on processes that destroy old technologies but replaces them with new and better ones. That, in essence, is disruptive innovation. Using an example of disruptive businesses, explain how they innovated and disrupted the existing business landscape (e. g. Uber disrupted taxis).

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Joseph Shumpeter used the term “creative destruction” more than 70 years ago to describe how capital...

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