Copyright Industries and the Impact of Creative Destruction

2012 ◽  
Author(s):  
Jiabo Liu
Keyword(s):  
Creative Destruction ◽  
The Impact

scholarly journals How Creative Destruction Functions in Corporate Entrepreneurial Process: An Empirical Investigation of Schumpeterian Concept in Engineering Firms Setting in Pakistan

2021 ◽  
Author(s):  
Muhammad Zubair Alam ◽  
Shazia Kousar ◽  
Muhammad Rizwan Ullah ◽  
Amber Pervaiz
Keyword(s):  
Structural Equation ◽  
Corporate Entrepreneurship ◽  
Creative Destruction ◽  
Positive Influence ◽  
Opportunity Recognition ◽  
Partial Least Square ◽  
Least Square ◽  
Equation Modeling ◽  
Engineering Firms ◽  
The Impact

Abstract Schumpeter's idea of creative destruction (CD) explains innovation functions in organisations. This paper investigates the CD concept in engineering firms by explaining how technical opportunity (TO) transforms into corporate entrepreneurship (CE) actions once opportunities have a market orientation (MO). A survey conducted using a structured questionnaire with 132 managers in engineering firms in Pakistan. Structural Equation Modeling (SEM) using Partial Least Square (PLS) approach has been used to analyse the data. Results reveal that MO and TO exerts a positive influence on CE. MO is the reason for the emergence of TO, which is exploited by CE's in engineering firms. CD intensifies the impact of MO on TO significantly. Opportunity recognition in engineering firms is distinguished and bounded by MO and technical viability. Engineering firms need to identify gaps in the market through naturally occurring obsolescence of products and services (CD) to create TO with appropriate MO. This study has revived a classical debate over opportunity recognition by proposing a CE model by incorporating external factors. The Schumpeterian opportunity recognition process and CD have been explained for engineering firms that are distinguished from other types of firms. Kirznerian opportunity recognition view has also been debated to dialect Schumpeterian view.

scholarly journals Has Creative Destruction become more Destructive?

2016 ◽  
Vol 16 (4) ◽  
Author(s):  
John Komlos
Keyword(s):  
Public Choice ◽  
New Technologies ◽  
Value Added ◽  
Economic Cost ◽  
Creative Destruction ◽  
Capitalist Development ◽  
Economic Progress ◽  
The Impact ◽  
Net Value Added ◽  
Industrial Revolutions

Abstract: Schumpeter’s concept of creative destruction as the engine of capitalist development is well-known. However, that the destructive part of creative destruction is a social and economic cost and therefore biases our estimate of the impact of the innovation on GDP is hardly acknowledged, with the notable exception of Witt (1996. “Innovations, Externalities and the Problem of Economic Progress.” Public Choice 89:113–30). Admittedly, during the First and Second Industrial Revolutions the magnitude of the destructive component of innovation was no doubt small compared to the net value added to GDP. However, we conjecture that recently the destructive component of innovations has increased relative to the size of the creative component as the new technologies are often creating products which are close substitutes for the ones they replace whose value depreciates substantially in the process of destruction. Consequently, the contribution of recent innovations to GDP is likely upwardly biased. This note calls for further research in innovation economics in order to measure and decompose the effects of innovations into their creative and destructive components in order to provide improved estimates of their contribution to GDP and to employment.

Creative destruction: building toward sustainability

2005 ◽  
Vol 32 (1) ◽  
pp. 170-180 ◽  
Author(s):  
James Hartshorn ◽  
Michael Maher ◽  
Jack Crooks ◽  
Richard Stahl ◽  
Zoë Bond
Keyword(s):  
Public Policy ◽  
Sustainable Development ◽  
Civil Engineering ◽  
Effective Means ◽  
Creative Destruction ◽  
Engineering Community ◽  
Planning And Management ◽  
Development Agenda ◽  
Civil Engineering Infrastructure ◽  
The Impact

The engineering community at large, and the civil engineering community in particular, has the opportunity and arguably the obligation to promote a development agenda that considers not only the economics of development, but also the health of the environment and society at large. In this paper, we contemplate the challenge of sustainable development and its effect on project scale and scope. We discuss the inherent opportunity to drive the "creative destruction" of the development industry, using innovation to exploit inefficiencies in the planning and management of engineering systems to create a range of "future" products and services that challenge existing practice. We review the impact of procurement policy, contract pricing, prescriptive codes, and public policy on innovation. Several examples of innovative design and sustainable development introduced into the planning and management of Canadian civil engineering projects are provided. We assert that the most effective means of promoting the sustainability of built environment and civil infrastructure systems will be through inter- and intra-industry collaboration with the support of public policy-makers.Key words: sustainable development, civil, engineering, infrastructure, innovation, creative destruction, environment, collaboration.

scholarly journals Creative Destruction, Technology Disruption, and Growth

2019 ◽  
Author(s):  
Thomas Clarke
Keyword(s):  
Environmental Sustainability ◽  
Business Models ◽  
Digital Technologies ◽  
Creative Destruction ◽  
Digital Transformation ◽  
Business Strategies ◽  
Digital Networks ◽  
Intelligent Technology ◽  
The Impact ◽  
Technology Systems

The origins of modern technological change provide the context necessary to understand present-day technological transformation, to investigate the impact of the new digital technologies, and to examine the phenomenon of digital disruption of established industries and occupations. How these contemporary technologies will transform industries and institutions, or serve to create new industries and institutions, will unfold in time. The implications of the relationships between these pervasive new forms of digital transformation and the accompanying new business models, business strategies, innovation, and capabilities are being worked through at global, national, corporate, and local levels. Whatever the technological future holds it will be defined by continual adaptation, perpetual innovation, and the search for new potential. Presently, the world is experiencing the impact of waves of innovation created by the rapid advance of digital networks, software, and information and communication technology systems that have transformed workplaces, cities, and whole economies. These digital technologies are converging and coalescing into intelligent technology systems that facilitate and structure our lives. Through creative destruction, digital technologies fundamentally challenge existing routines, capabilities, and structures by which organizations presently operate, adapt, and innovate. In turn, digital technologies stimulate a higher rate of both technological and business model innovation, moving from producer innovation toward more user-collaborative and open-collaborative innovation. However, as dominant global platform technologies emerge, some impending dilemmas associated with the concentration and monopolization of digital markets become salient. The extent of the contribution made by digital transformation to economic growth and environmental sustainability requires a critical appraisal.

scholarly journals Has Schumpeterian Creative Destruction become more destructive?

2016 ◽  
Vol 3 (1) ◽  
pp. 9
Author(s):  
John Komlos
Keyword(s):  
New Technologies ◽  
Value Added ◽  
Economic Cost ◽  
Creative Destruction ◽  
Capitalist Development ◽  
The Impact ◽  
Net Value Added ◽  
Industrial Revolutions

<p align="justify">Schumpeter’s concept of creative destruction as the engine of capitalist development is well-known. However, that the destructive part of creative destruction is a social and economic cost and therefore biases our estimate of the impact of the innovation on GDP is hardly acknowledged, with the notable exception of Witt (1996). Admittedly, during the First and Second Industrial Revolutions the magnitude of the destructive component of innovation was no doubt small compared to the net value added to employment or GDP.</p><p align="justify">However, we conjecture that recently the new technologies are often creating products which are close substitutes for the ones they replace whose value depreciates substantially in the process of destruction. Consequently, the contribution of recent innovations to GDP is likely upwardly biased. This note calls for further research in innovation economics in order to measure and decompose the effects of innovations into their creative and destructive portions in order to provide improved estimates of their contribution to GDP or to employment.</p>

The dynamics of Silicon Valley: Creative destruction and the evolution of the innovation habitat

2013 ◽  
Vol 52 (4) ◽  
pp. 539-557 ◽  
Author(s):  
Doug Henton ◽  
Kim Held
Keyword(s):  
New Technologies ◽  
Social Innovation ◽  
Service Providers ◽  
Silicon Valley ◽  
Creative Destruction ◽  
Lessons Learned ◽  
Venture Capitalists ◽  
Institutional Infrastructure ◽  
Boom And Bust ◽  
The Impact

Understanding the dynamics of Silicon Valley requires a deep appreciation of the impact of creative destruction on a resilient innovation habitat: a complex ecosystem of relationships among entrepreneurs, researchers, venture capitalists, service providers, lawyers, accountants and marketing professionals that is constantly shape-shifting. As a modern Proteus, Silicon Valley has initiated and weathered successive boom–bust cycles by constantly adapting its social and institutional infrastructure to new technologies and market forces, and leveraging these foundations in the next wave. Joseph Schumpeter, who is credited with the notion of ‘creative destruction’, saw capitalism as a ‘process of industrial mutation … that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one’ (Schumpeter, 1942: 83). For over half a century, Silicon Valley has been a model for continual creative destruction. Carlota Perez has taken Schumpeter’s theory to the next level by demonstrating how technological revolutions driven by creative destruction result in not only redefined industries but also redefined industrial infrastructures and economic institutions (Perez, 2002). This article provides a framework for analyzing the dynamics of Silicon Valley based on the perspectives of both Schumpeter and Perez, and describes how the region continues to evolve as a social innovation habitat that supports the diversity of changing technologies and converging industry clusters. Whether this can be replicated by other economic regions is discussed, with key lessons learned from the Silicon Valley experience and how they might be applied to other places. We argue that regions must accept creative destruction as a natural process of boom and bust, and adapt and apply technologies during these cycles that are important and vital to the specific region. Each region does not have to strive to be Silicon Valley, but instead should build on its strengths and invest in innovation infrastructure and human capital in order to become its own Silicon Valley.

scholarly journals Eastern enlargement: analysis of development processes in the EU15 in the context of creative destruction

2021 ◽  
Vol 20 (3) ◽  
pp. 659-675
Author(s):  
Agnieszka Szczepkowska-Flis ◽  
Anna Kozłowska
Keyword(s):  
Economic Development ◽  
Creative Destruction ◽  
Rate Of Change ◽  
Gdp Per Capita ◽  
Eastern Enlargement ◽  
New Member States ◽  
Synergy Effects ◽  
Development Processes ◽  
Per Capita ◽  
The Impact

Motivation: Studies on the impact of the Eastern enlargement on economies of the EU15 indicate that the new member states could not be a significant engine for development processes. However, this does not exclude that the Eastern enlargement and acceding countries could have a significant impact on the mechanisms of the development of the EU15. If we consider Eastern enlargement as a Schumpeterian innovation, its long-term effects should be evident in the way creative destruction affects economic development. Aim: The aim of the study was to determine the impact of the Eastern enlargement on the economic development of the EU15 in the context of creative destruction. In particular, the aim of the empirical analyzes was to determine whether and to what extent the enlargement of the EU was a factor modifying the impact of creative destruction on the development of “old” members countries, and to identify the role of the new member states in these processes. Results: Econometric analysis confirmed that creative destruction influenced economic development in the EU15, and that Eastern enlargement was a factor modifying the relationship between creation, destruction, and the rate of change of GDP per capita. The Eastern enlargement has mobilized two opposing forces. The “internal” force resulting from market selection in the EU15, which after 2004 became an active component of creative destruction, contributing however to a lower rate of change in GDP per capita. The “external” force, related to the mechanism of transmission of impulses within the grouping: synergy effects from destruction in new member countries were a catalyst for the development processes of the EU15, and synergy effects from creation were inhibitors for these processes. In the context of our research the “development leaders” can be considered the largest beneficiaries of Eastern enlargement in the EU15.

scholarly journals Do unions contribute to creative destruction?

PLoS ONE ◽  
2021 ◽  
Vol 16 (12) ◽  
pp. e0261212
Author(s):  
Harald Dale-Olsen
Keyword(s):  
Social Security ◽  
Productivity Growth ◽  
Job Creation ◽  
Creative Destruction ◽  
New Firms ◽  
Labour Costs ◽  
Plant Closures ◽  
The Impact ◽  
Job Creation And Destruction

We apply a shift-share approach and historical unionisation data from 1918 to study the impact of regional unionisation changes in Norway on regional wage and productivity growth, job-creation and -destruction and social security uptake during the period 2003–2012. As unionisation increases, wages grow. Lay-offs through plant closures and shrinking workplaces increase, causing higher retirement rates, while job creation, plant entry and other social security uptakes are unaffected. Productivity grows, partly by enhanced productivity among surviving and new firms and partly by less productive firms forced to close due to increased labour costs. Thus, unions promote creative destruction.

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