In common with the Porter five forces framework,the Schumpeterian approach views competitive behavior as the outcome of industry structure.

Question

Quizplus · Accepted Answer

The Schumpeterian approach focuses on innovation and creative destruction as the drivers of competition, rather than viewing competitive behavior primarily as an outcome of industry structure, which is the focus of the Porter five forces framework.

In Common with the Porter Five Forces Framework,the Schumpeterian Approach