
Managerial Economics 2nd Edition by William Boyes
Edition 2ISBN: 978-0618988624
Managerial Economics 2nd Edition by William Boyes
Edition 2ISBN: 978-0618988624 Exercise 22
It is often said that in today's world, gale-like market forces-rapid globalization, accelerating innovation, relentless competition-have intensified what economist Joseph Schumpeter called the forces of "creative destruction," so that even the best-managed companies aren't protected from this destructive clash between whirlwind change and corporate inertia. What does this mean? Would you agree that even the best managed companies are not protected?
Explanation
Economy:
An economic position of a coun...
Managerial Economics 2nd Edition by William Boyes
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