Schumpeter's process of "creative destruction" challenges Porter's five forces of competition framework by:
A)Introducing concepts of renewal and rebirth into the analysis of industrial change
B)Recognizing the cooperation is as important in business as competition
C)Proposing that competitive behavior determines industry structure rather than the other way round
D)Viewing competition is essential for the renewal of mature and declining industries

Question

Quizplus · Accepted Answer

The Answer of Schumpeter's process of "creative destruction" challenges Porter's five forces of competition framework by:
A)Introducing concepts of renewal and rebirth into the analysis of industrial change
B)Recognizing the cooperation is as important in business as competition
C)Proposing that competitive behavior determines industry structure rather than the other way round
D)Viewing competition is essential for the renewal of mature and declining industries

Schumpeter's Process of "Creative Destruction" Challenges Porter's Five Forces of Competition