What does creative destruction mean to you

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Reference no: EM133080195

Question 1: Creative destruction describes the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one" (Schumpeter, 1942, p83).

What does "creative destruction" mean to you, please capture the essence of this quote from Schumpter in your own words.

Now highlight your idea with two examples (not the ones from the lecture), that show this process of change and why it has occurred.

Schumpeter, Joseph A. (1942). Capitalism, Socialism and Democracy. New York: Harper and Row.

APA Style

Norman, D. (1994). Defending Human Attributes in the Age of the Machine

Question 2: Themes of the Digital Economy

Choose one of the 12 themes postulated by Tapscott (2014) and in your own words explain what it means to you, in regards to digital disruption. Now highlight your idea with two examples (not the ones from the lecture).

Tapscott, D. (2014). The Digital Economy: Rethinking Promise and Peril in the Age of Networked Intelligence (20 Years Anniversary Edition). New York: McGraw-Hill Education.

Reference no: EM133080195

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