New industries appear,old ones decline,and successful firms are those that learn how to use the new technologies.

Question

Quizplus · Accepted Answer

This statement reflects the concept of creative destruction, which is the idea that industries are constantly evolving and that successful companies are those that adapt and innovate to stay ahead of the curve. This is particularly true in the digital age, where new technologies and business models are constantly emerging, disrupting established industries and creating new opportunities. As such, companies that fail to innovate or are slow to adopt new technologies are more likely to decline or become obsolete.

New Industries Appear,old Ones Decline,and Successful Firms Are Those That