creative destruction

Examples of creative destruction in the following topics:

• Entrepreneurship and the Economy

  • Creativity and entrepreneurship are needed to combine inputs in profitable ways, resulting in large scale economic growth/development.
  • Human creativity and productive entrepreneurship are needed to combine these inputs in profitable ways, and hence an institutional environment that encourages free entrepreneurship becomes the ultimate determinant of economic growth.
  • Entrepreneurship employs what Schumpeter called "the gale of creative destruction" to replace in whole or in part inferior innovations across markets and industries, simultaneously creating new products and business models.
  • In this way, creative destruction is largely responsible for the dynamism of industries and long-run economic growth.

• Ethical Issues at an Organizational Level

  • Specific corporate ethical/legal abuses include creative accounting, earnings management, misleading financial analysis, insider trading, securities fraud, bribery/kickbacks, and facilitation payments.
  • Production may have environmental impacts, including pollution, habitat destruction, and urban sprawl.

• How Businesses Benefit from Diversity

  • Diversity brings substantial potential benefits such as better decision making and problem solving, and greater creativity and innovation.
  • Diversity brings substantial potential benefits such as better decision making and improved problem solving; greater creativity and innovation, which leads to enhanced product development; and more successful marketing to different types of customers.

• Two Spices for the Business Kitchen

  • The creative domain is booming around the world, too.
  • According to one analysis, 15 industries which compose the "creative enterprise sector" will be worth about $6.1 trillion by the year 2020.
  • Even engineers and other "hard skills" experts are going to have to rely "more on creativity than competence, more on tacit knowledge than technical manuals, and more on fashioning the big picture than sweating the details."
  • Joyfulness at work, in turn, can lead to greater creativity, productivity, and collaboration.

• The role of marketing in the firm: a basis for classification

  • Marketing is an individualized and highly creative process.

• Introduction to the Perils of Greenwashing

  • The remainder of the product was both wasteful and destructive in terms of energy consumption, forestry destruction and water usage.

• Flat versus tall organizations

  • As a result, all levels have the potential of working more closely together which enhances a closer working environment with better communication and creativity.

• Sustainability Initiatives

  • An open culture promotes employee involvement in regards to the innovation and creative processes.
  • Programs should be implemented that reward star performers, foster the creative learning process, and provide comprehensive training and evaluating.
  • Resource efficiency refers to that fact that companies must adapt to a rapidly changing environment by being prepared to change and implement new creative ideas related to sustainability.

• Agencies

  • Creative agencies specialize in creative or design-based business models; their basic interest is in the creation of the advertisement or branding.
  • In the 1990s, media and creative were often unbundled in the interests of economies of scale in buying media.

• Information and Risk Trade-Off

  • The negative impact can cause destruction or reduction of the organization's value.