Creative destruction occurs when ________.
A)disruptive innovations threaten established players
B)sustaining technologies replace old procedures and processes
C)bad industrial practices are eradicated through government regulations
D)new products or services are introduced by underperforming players

Question

Quizplus · Accepted Answer

Creative destruction refers to the process of disruptive innovations posing a threat to established players, ultimately leading to the demise of those players and the emergence of new ones. This leads to the creation of new markets and the destruction of old ones.

Creative Destruction Occurs When ________