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…
Schumpeter’s Creative Destruction
35 posts
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…
Engineering Management in Innovation Era
Engineering management has many connotations, and they have been evolving. Let’s have an acceptable definition, to begin with. Engineering management in the Innovation era involves the ability to i. interpret…
Technology Policy for Idea Economy Fuels Increasing Prosperity through Creative Destruction
Schumpeter observed Creative Destruction is at the core of the Market Economy to offer us an increasingly better-quality life. Waves of technological Innovation are emerging one after another, offering us…
Flash Memory as Disruptive Innovation
The pen drive is very handy for storing data. Many of us have several of them. A 250 GB flash drive costs as little as $20. However, the uprising of…
Storage Evolution Powering Computer Innovation—unfolding waves of creative destruction
Like many other significant innovations, the computer also started the journey in primitive form. The advancement of major building blocks has been driving the evolution from a roomful of machines…
Invention and Evolution of Light Bulb—more than a spark in the mind of a genius
The light bulb is a metaphor for invention and Innovation. Often, we think that a creative spark in the mind of genius leads to a great invention, leading to innovations…