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Technology, Society and Policy

Winning and Losing in Reinvention Race : keeps unfolding: --making America’s innovation bucket leaky, creating prosperity out of reinvention, and turning invention successes transitory
THE WAVES
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Schumpeter’s Creative Destruction

28 posts
Metaverse technology as a fusion of many component technologies has a long and uncertain path to traverse to fuel creative wave of destruction
View Post
  • Editor's Pick
  • Megatrends
  • Schumpeter's Creative Destruction

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…
Due to the rise of TikTok, technology uncertainty, and growing R&D cost of Reality Labs, will Meta face metaverse reality as creative destruction force on itself?
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  • Editor's Pick
  • Schumpeter's Creative Destruction

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…
Well known creative destruction examples have grown from humble start of reinvention out of emerging technology cores
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  • Editor's Pick
  • Schumpeter's Creative Destruction

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 has been changing its role from incremental innovation for playing an assistive role to creative destruction
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  • Incremental Improvement
  • Schumpeter's Creative Destruction

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…
The second industrial revolution is due to the uprising of a number of creative waves of innovation driven by technology cores like ICE and electricity
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  • Globalisation
  • History & Observations
  • Schumpeter's Creative Destruction

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 triggered the unfolding of the 2nd industrial revolution, and it's now poised to unfold the fourth one
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  • Economics of Innovation
  • Editor's Pick
  • Schumpeter's Creative Destruction

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 open both incremental and creative wave of destruction by transforing human-machine interface
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  • Industrial Revolutions
  • Schumpeter's Creative Destruction

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 offers insights to predict the dynamics in the automobile industry for offering cleaner and safer tomorrow
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  • Good to Great
  • Great by Choice
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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 has become a necessity as next genetation ideas of software and service innovations are illusive
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  • Schumpeter's Creative Destruction
  • Startups
  • Strategy

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 as current technology core is running out of fuel before pushing EV to the desired orbit and the next core is beyond Tesla's reach
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  • Disruptive Innovation
  • Schumpeter's Creative Destruction
  • Strategy

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
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  • Disruptive Innovation
  • Entrepreneurs & Innovators
  • Schumpeter's Creative Destruction

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…
Innovation Economics in Market Economy
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  • Disruptive Innovation
  • Economics of Innovation
  • Economics of Technology
  • Growth Economics
  • Innovation Economics
  • Schumpeter's Creative Destruction
  • Technology & Innovation Policy
  • Uncategorized

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…

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