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The ability of companies to adapt to changing market conditions, often through continuous Innovation. Resilience is essential in Capitalism, where Creative Destruction can otherwise dismantle outdated business models.

Phases within the economy where new technologies are developed, adopted, and gradually replaced. Each cycle supports economic growth and Wealth creation as industries transition and innovate.

A public market for buying and selling company shares. Stock values often reflect a company’s ability to innovate and adapt to market changes, making it a key indicator of Creative…

Also called Kondratiev Waves, these are cyclical patterns of technological innovations caused by reinventions and economic growth lasting several decades. Each wave introduces transformative technologies that reshape industries and spur…

An economic system characterized by private ownership, free markets, and the drive for profit, where companies compete for market share. In Capitalism, Wealth is generated through Innovation, investment, and competition.

Coined by economist Joseph Schumpeter, this concept refers to the process by which new innovations displace older products, industries, or business models, causing both Wealth creation for innovators and wealth…

Change of technology cores of existing products with emerging ones creates new Waves of Innovation. However, often, these new waves of Innovation originate in primitive forms, subsequently, posing a daunting…

This machine has a human-like appearance. It’s an inherent urge of human beings to design and build human-like machines. Notable ones are Japanese tea serving dolls, Eric, ASIMO, and recent…

The Transistor is a tiny solid-state device, which works as both an electronic switch and an amplifier. The fundamental building block of computers and all other electronic products, like the…

Prof. Paul Romer used Objects and ideas concept. In economic value creation, objects refer to natural resources, labor, and other ingredients, which are mixed with ideas. By improving ideas, we…

Often, new entrants take a radical step to offer better substitution to existing, mature products. They change the technology core. However, substitutions around the new technology core, invariably, emerge as…

It combines traits of passion for perfection with empathy, Craftsmanship, winning, and the endurance of pursuing a relentless journey for making progress in offering more suitable products to get Jobs…