Schumpeter’s Creative Destruction and Nokia’s 41 Megapixel Camera Innovationpublished Thu, May 24 2012 01:55 GMT
In Capitalism, Socialism and Democracy, Joseph Schumpeter coined the term “Creative Destruction” to explain the capitalist process of innovation. Innovation is continually disrupting and transforming companies, industries and entire global economies built on the demands, risks and rewards of international free market capitalism. Innovation and creative destruction is an integral part of economic and financial market cycles, large and small, and therefore in the rise and fall of company fortunes and their shareholders.
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