creative destruction

(noun)

Refers to the linked processes of the accumulation and annihilation of wealth under capitalism.

Related Terms

  • microeconomics
  • business model
  • entrepreneur

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.
  • American Modernism

    • Modernists were often attached to the idea of "creative destruction. " In order to make something new, the old must be abandoned and/or dissembled.
    • Much of this concept of "creative destruction" is mirrored in the cubist movement, for example.
  • Introduction to Entrepreneurship

    • Entrepreneurial activities differ substantially depending on the type of organization and creativity involved.
    • Corporations have become aware of the potential advantages of internal entrepreneurial activity and often have innovation specialists in their organizations to develop creative solutions for complex problems.
    • Entrepreneurship employs what Schumpeter called the gale of creative destruction.
  • Notes

    • Creativity: find it; promote it - National Curriculum in Action: http://www.ncaction.org.uk/creativity/
  • Advertising Strategy v. Creative Strategy

  • The Creative Brief

  • Creative Team Jobs

  • The "Creative Concept"

  • Introduction

    • Creativity - a magical talent, a sign of intelligence, or a skill to learn?
    • The purpose of this chapter is to shed light on the concept of creativity and its implications for teaching and learning.
    • Within the concept of creativity, we provide a portrait of what creativity may look like, a definition of creativity, an overview on some creative-thought models, and discussion of how the models and definition fit the introductory example of creativity.
    • In addressing the implications for teaching and learning, we offer an example of creativity in the classroom followed by a discussion of targeted strategies for teaching towards creativity in the classroom.
    • This is a narrated PowerPoint summary of this -Enhancing Creativity in the Classroom- chapter.
  • References

    • How to kill creativity.
    • Handbook of Creativity.
    • Creative cognition.
    • Handbook of creativity.
    • Enhancing creativity.
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