What is the process by which organizations adhering to old ways decline and disappear called?

Name: What is the process by which organizations adhering to old ways decline and disappear called?
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

The process by which organizations adhering to old ways decline and disappear is called "creative destruction." This term was coined by economist Joseph Schumpeter to describe the process by which old industries are replaced by new ones, leading to the decline and disappearance of outdated businesses.

What Is the Process by Which Organizations Adhering to Old