Show Summary Details

p. 122. Joseph Schumpeter’s gales of creative destructionlocked

  • Mark Dodgson
  •  and David Gann


‘Joseph Schumpeter’s gales of creative destruction’ shows how innovation is creative and beneficial—bringing new industries, wealth, and employment—and also destructive of some established firms, many products and jobs, and the dreams of failed entrepreneurs. Innovation is essential for competitive survival. Most innovations are incremental improvements—providing new models of existing products and services, or adjustments to organizational processes, but most attempts at innovation fail. Organizations rarely innovate alone: they do so in association with others, including suppliers and customers. The various models and theories of innovation are discussed, concluding that understanding the time dimension in innovation is critical. How innovations are consumed and diffused is also considered.

Access to the complete content on Very Short Introductions online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can't find the answer there, please contact us.