2007 | OriginalPaper | Chapter
Sustaining Innovation: Staying Ahead
Published in: Innovation, Market Archetypes and Outcome
Publisher: Physica-Verlag HD
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For an innovator to stay ahead, the road is fraught with constant challenges. Nothing typifies modern capitalism more than the constant churn that takes place at the top, in today’s market place. Schumpeter illustrated this process in his famous observation on the
creative destruction
that takes place in modern economies. As he observed in 1942
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