INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The success of this program would offer a new source of revenue for the company which example of Schumpeter’s idea of ____
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creative accounting
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creative measurement
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creative destruction
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creative blocking
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Explanation:
Detailed explanation-1: -On the other hand, the theory of creative destruction suggests that over time, a newer technology will replace and render obsolete what we consider to be on the cutting-edge technologically today. So regulation that favors the new technology may, in unforeseen ways, hinder the next innovation.
Detailed explanation-2: -Good examples of Creative Destruction include smartwatches replacing wristwatches, cars with improved gas mileage, and streaming replacing CDs and DVDs. Creative Destruction, a term that comes from macroeconomics, is the core statement.
There is 1 question to complete.