Metaverse Technology–challenges to creative destruction
Facebook founder Zuckerberg has been on a mission to pursue metaverse technologies to reinvent how we meet, greet, socialize and work. But it has been taking a massive toll on…
Schumpeter’s Creative Destruction
28 posts
Meta Faces Metaverse Reality–creative destruction to whom?
Meta has been out there with its Reality labs to take us into a virtual fantasy world–metaverse. Its adventure has been costing billions without showing the possibility of profitable waves…
12 Creative Destruction Examples – driving prosperity out of destruction
Prof. Schumpeter introduced creative destruction in explaining wealth creation, accumulation, and annihilation dynamics. He argued that creative destruction is crucial in capitalism; it’s a vital tool to erode the monopoly. But what…
Digital Technology Transformation Changes from Incremental to Creative Destruction
Digital technology transformation has been changing its role from assistive to creative destruction. Hence, unlike the past, the innovation which will unfold around digital technologies will change from incremental advancement…
Second Industrial Revolution in Perspective
This writeup articulates the 2nd industrial revolution as the unfolding of creative waves around a set of emerging technology core
Creative Destruction of Automobile Invention
After a century-long tinkering of different technology cores, internal combustion engine (ICE) based creative destruction of automobile invention emerged at the fag end of the 19th century. This wave of…
Innovation Possibilities of Neural Implants
Human beings are after a relentless race of performing jobs better with minimum involvement. We are always looking after means of having a higher level delegation of role to machines.…
Winning Strategy of Apple vs Tesla
Neither Apple nor Tesla invented their great products. Apple redesigned smartphones with a unique feature of the multitouch user interface. Similarly, Tesla redesigned automobiles with new technology cores like electric…
Avoiding Silicon Wealth Annihilation
Silicon has been a trustworthy source of wealth. The market economy accumulated this wealth in the hands of a few. This wealth is now flowing to nurturing ideas for building…
Edge in Battery Threatens Tesla
For the enigmatic CEO, the skyrocketing share price has been hoisting the winning flag of Tesla’s Electric Vehicle journey. As opposed to speculating the time frame by which Tesla will…
Unified Theory of Innovation and Transformation
Innovation is at the core of the market economy for offering us continued prosperity. Waves of innovation transform products, jobs, skills, firms, industries, countries, and our way of getting jobs…
Principles of Innovation Economics in Market Economy
As opposed to labor and natural resources, innovative ideas dominate wealth creation. Starting from the idea of the automobile to the idea of storing data on semiconductors, there are numerous…