Global Sourcing Debate
Professor Agrawal's international business class has been studying the controversies related to global sourcing. Today, Professor Agrawal divides the class in half and assigns Group A the task of defending global sourcing. Group B is to argue against global sourcing.
-Group A uses the concept of creative destruction to most likely support which of the following statements?

Question

Global Sourcing Debate 
Professor Agrawal's international business class has been studying the controversies related to global sourcing. Today, Professor Agrawal divides the class in half and assigns Group A the task of defending global sourcing. Group B is to argue against global sourcing.
-Group A uses the concept of creative destruction to most likely support which of the following statements?

Quizplus · Accepted Answer

The concept of creative destruction, introduced by economist Joseph Schumpeter, suggests that old industries and ways of doing things are destroyed and replaced by new, more innovative and efficient ones. Group A would likely use this concept to argue that global sourcing stimulates innovation and creates new opportunities by forcing companies to adapt and innovate to stay competitive.