Creative Destruction

Also found in: Encyclopedia, Wikipedia

0.01 sec.

A concept in capitalist theory stating that innovation causes failure, but that failure, in turn, creates more innovation. For example, suppose someone invents a better widget. If he/she markets this widget effectively, he/she will eventually drive all previous widget manufacturers out of business. However, this forces older widget manufacturers to create their own innovations that will either keep themselves in business or improve their financial situations in other ways. This is considered one of the most important concepts in capitalism.

How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link
Email

Feedback
Add definition

? Mentioned in

? References in periodicals archive

No references found

Creative destruction at the beginning of the 20th century resulted in industry consolidation and the formation of great media empires.

No longer just gray: business journalism takes off; Technology, ... by Millman, Gregory J. / Financial Executive

Restructuring involves the creative destruction and reinvention of today's top automotive OEMs and suppliers.

Restructuring recommendations by Blatz, Michael / Automotive Design & Production

This view is widely held among neoliberal economists, corporate elites and members of the Bush administration who contend that capitalism involves a dynamic process of creative destruction in which relentless innovation replaces outmoded economic activities with new, wealth creating forms of production.

Stanley Aronowitz, Just Around the Corner: The Paradox of the Jobless ... by Journal of Sociology & Social Welfare

More results

Financial browser

? Full browser

Crawling Peg
CRB
CRC
CRD
CRE
Creation unit
Creative Accounting
Creative Destruction
creative financing
Credible signal
credit
Credit Analysis
credit balance
credit bid
credit bureau

Creative Commons
Creative Commons
Creative Commons Attribution License
Creative Commons Attribution-ShareAlike License
Creative Commons By Attribution
Creative Commons By Attribution
Creative Commons Licence
Creative Commons licences
Creative Commons license
Creative Commons license
Creative Commons licenses
Creative Commons Public License
Creative Communications Club of Providence
Creative Community Project
Creative Community Projects Group
Creative Computing

Creative Computing Solutions Inc
Creative Concepts & Design
Creative Concepts and Promotions
Creative consultant
Creative Control
Creative Controls, Inc.
Creative Counseling
Creative Designs My Paint Shop
Creative Destruction
Creative Development Research
Creative Differences
Creative Differences
Creative Direct Marketing Group, Inc.
Creative Direct Response International
Creative direction
Creative director
Creative director

Creative Discovery Museum
Creative Drama
Creative Eclipses EP
Creative Eclipses EP
Creative economy
Creative Economy Association of the North Shore
Creative Editing
Creative Education Foundation
Creative Education Foundation
creative effort
Creative Elements Jewelry
Creative Energy Options
Creative engineering
Creative engineering
Creative engineering
Creative Engineering Options, Inc.

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup \| Partner with us

All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.