Purchase Solution

Creative Destruction, Creative Accumulation and Innovation Regime

Not what you're looking for?

Ask Custom Question

Compare and contrast the regimes of creative destruction and creative accumulation. Explain why examining the innovation regime is important for entrepreneurs when determining whether or not to enter an industry.

Purchase this Solution
Solution Summary

The response addresses the queries posted in 626 words with references.

Solution Preview

The response addresses the queries posted in 626 words with references.

//Constructive destruction, constructive accumulation and innovation regime are the new concepts that have been increasingly used by today's businesses. The similarity and differences between constructive destruction and accumulation have been focused and at last, importance of innovation regime for entrepreneurs while entering or exiting from the market has been laid down.//

The term Constructive destruction was first introduced by Australian School economist Joseph Schumpeter in the year 1942. Creative destruction arises when some new skills are brought in the market while killing the old ones. An apt example of creative destruction is the music systems. Schumpeter has analyzed that the idea of creating destruction is the vital fact about capitalism. In the modern era and with the changing and upcoming new innovative technology all the CEO's are having a word about how creative destruction has replaced the old wealth with the new one (Cowen, 2004). Whereas, creative accumulation defines the vision activity ...

Solution provided by:
Ashish Sharma, MBA (IP)
Education
  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
Recent Feedback
  • "Thank You so much! "
  • "Always provide great help, I highly recommend Mr. Sharma over others, thanks again. "
  • "great job. I will need another help from you. "
  • "first class!"
  • "Thank you for your great notes. Will you be willing to help me with one more assignment? "
Purchase this Solution
Free BrainMass Quizzes
Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.

Writing Business Plans

This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.

Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

Team Development Strategies

This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.

Learning Lean

This quiz will help you understand the basic concepts of Lean.

View More Free Quizzes
Related BrainMass Solutions

  • Creative destruction and creative accumulation

    269323 Creative destruction and creative accumulation Compare and contrast the regimes of creative destruction and creative accumulation.

  • International Trade - Creative Destruction

    In this creative destructive, for example, the old economy contrasts with the new economy, where technological innovation is key.

  • Annual Unemployment Rate, Percent

    Creative destruction is the expression introduced by the economist Joseph Schumpeter to describe his view of the process of industrial transformation that accompanies radical innovation.

  • Innovation consequences: Schumpeter's phrase "the gales of creative destruction"

    24739 Innovation consequences: Schumpeter's phrase "the gales of creative destruction" Schumpeter coined the phrase "the gales of creative destruction" to describe the consequences of innovation.

  • Who killed the electric car?

    As per Schumpeter, Creative destruction, describes the process of transformation that accompanies radical innovation.

  • Balancing Creative and Commercial Markets

    Develop innovation platforms for the different types of innovation - It is the first step of balancing the creative and commercial markets.

  • Innovation and Creativity

    349803 Innovation and Creativity Organizations Agree or disagree: There is little that organizations can do to encourage innovation and creativity, other than to hire creative people and turn them loose.

  • Creative Intelligence & Its Implications

    This essay explores the issue of creative intelligence, not just associated with artists and writers, but also as an essential part of innovation and inventiion with regard to business leaders.

  • U.S. Long Term Economic Growth

    In the past, the United States has experienced long term growth from three factors: the accumulation of human capital, the accumulation of physical capital, and technological innovation.

View More Related Solutions