According to the textbook, which of the following is the best explanation of Joseph Schumpeter expression 'creative destruction'?
A) It is innovation that incorporates the added variables of environmental and social impacts.
B) It is the process of transformation that accompanies radical innovation.
C) It is the ability to combine ideas in a unique way or to make unusual associations between ideas.
D) It is the process of taking a creative idea and turning it into a useful product, service or work method.
E) It is a financial industry benchmark for determining, assessing and managing social and environmental risk in project financing.
Correct Answer:
Verified
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