The Power Of Creative Destruction

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The Power of Creative Destruction

Author : Philippe Aghion
Publisher : Harvard University Press
ISBN 13 : 0674971167
Total Pages : 401 pages
Book Rating : 4.6/5 (749 download)

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Book Synopsis The Power of Creative Destruction by : Philippe Aghion

Download or read book The Power of Creative Destruction written by Philippe Aghion and published by Harvard University Press. This book was released on 2021-04-20 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: From one of the world’s leading economists and his coauthors, a cutting-edge analysis of what drives economic growth and a blueprint for prosperity under capitalism. Crisis seems to follow crisis. Inequality is rising, growth is stagnant, the environment is suffering, and the COVID-19 pandemic has exposed every crack in the system. We hear more and more calls for radical change, even the overthrow of capitalism. But the answer to our problems is not revolution. The answer is to create a better capitalism by understanding and harnessing the power of creative destruction—innovation that disrupts, but that over the past two hundred years has also lifted societies to previously unimagined prosperity. To explain, Philippe Aghion, Céline Antonin, and Simon Bunel draw on cutting-edge theory and evidence to examine today’s most fundamental economic questions, including the roots of growth and inequality, competition and globalization, the determinants of health and happiness, technological revolutions, secular stagnation, middle-income traps, climate change, and how to recover from economic shocks. They show that we owe our modern standard of living to innovations enabled by free-market capitalism. But we also need state intervention with the appropriate checks and balances to simultaneously foster ongoing economic creativity, manage the social disruption that innovation leaves in its wake, and ensure that yesterday’s superstar innovators don’t pull the ladder up after them to thwart tomorrow’s. A powerful and ambitious reappraisal of the foundations of economic success and a blueprint for change, The Power of Creative Destruction shows that a fair and prosperous future is ultimately ours to make.

Creative Destruction

Author : Richard Foster
Publisher : Crown Currency
ISBN 13 : 0307779319
Total Pages : 386 pages
Book Rating : 4.3/5 (77 download)

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Book Synopsis Creative Destruction by : Richard Foster

Download or read book Creative Destruction written by Richard Foster and published by Crown Currency. This book was released on 2011-04-20 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: Turning conventional wisdom on its head, a Senior Partner and an Innovation Specialist from McKinsey & Company debunk the myth that high-octane, built-to-last companies can continue to excel year after year and reveal the dynamic strategies of discontinuity and creative destruction these corporations must adopt in order to maintain excellence and remain competitive. In striking contrast to such bibles of business literature as In Search of Excellence and Built to Last, Richard N. Foster and Sarah Kaplan draw on research they conducted at McKinsey & Company of more than one thousand corporations in fifteen industries over a thirty-six-year period. The industries they examined included old-economy industries such as pulp and paper and chemicals, and new-economy industries like semiconductors and software. Using this enormous fact base, Foster and Kaplan show that even the best-run and most widely admired companies included in their sample are unable to sustain their market-beating levels of performance for more than ten to fifteen years. Foster and Kaplan's long-term studies of corporate birth, survival, and death in America show that the corporate equivalent of El Dorado, the golden company that continually outperforms the market, has never existed. It is a myth. Corporations operate with management philosophies based on the assumption of continuity; as a result, in the long term, they cannot change or create value at the pace and scale of the markets. Their control processes, the very processes that enable them to survive over the long haul, deaden them to the vital and constant need for change. Proposing a radical new business paradigm, Foster and Kaplan argue that redesigning the corporation to change at the pace and scale of the capital markets rather than merely operate well will require more than simple adjustments. They explain how companies like Johnson and Johnson , Enron, Corning, and GE are overcoming cultural "lock-in" by transforming rather than incrementally improving their companies. They are doing this by creating new businesses, selling off or closing down businesses or divisions whose growth is slowing down, as well as abandoning outdated, ingrown structures and rules and adopting new decision-making processes, control systems, and mental models. Corporations, they argue, must learn to be as dynamic and responsive as the market itself if they are to sustain superior returns and thrive over the long term. In a book that is sure to shake the business world to its foundations, Creative Destruction, like Re-Engineering the Corporation before it, offers a new paradigm that will change the way we think about business.

Power in Modernity

Author : Isaac Ariail Reed
Publisher :
ISBN 13 : 022668945X
Total Pages : 283 pages
Book Rating : 4.2/5 (266 download)

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Book Synopsis Power in Modernity by : Isaac Ariail Reed

Download or read book Power in Modernity written by Isaac Ariail Reed and published by . This book was released on 2020 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Isaac Reed's Power in Modernity aims to be a major contribution to social theory. It is a bold and innovative theoretical reimagining of power. Drawing on an eclectic range of ideas from across the humanities and social sciences, Reed rethinks the fundamentals of sociological theorizing of power-upsetting canonical traditions and remaking them with insights from poststructuralism, postcolonial theory, and critical race studies. First, Reed conceptualizes power as having three aspects: relational, discursive, and performative. He explores these aspects in relation to three different kinds of social actors-rector, agent, and other-and their connections. In essence, Reed brings power in the actions of individuals into relation with a wide range of institutional circumstances of power while neatly finessing the outmoded agency/structure binary. The result is a framework for the analysis of power that allows us to see both its sometimes fragile and precarious character, as well as its more typical stability and durability. We also get a window onto the episodic performances of power and how they institutionalize or unravel social orders. Power in Modernity is sure to be of interest to political sociologists and social theorists especially, and it will serve sociologists and other social scientists well who are interested in how power operates across many different social situations"--

The Economics of Creative Destruction

Author : Ufuk Akcigit
Publisher : Harvard University Press
ISBN 13 : 0674293061
Total Pages : 785 pages
Book Rating : 4.6/5 (742 download)

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Book Synopsis The Economics of Creative Destruction by : Ufuk Akcigit

Download or read book The Economics of Creative Destruction written by Ufuk Akcigit and published by Harvard University Press. This book was released on 2023-08-22 with total page 785 pages. Available in PDF, EPUB and Kindle. Book excerpt: A stellar cast of economists examines the roles of creative destruction in addressing today’s most important political and social questions. Inequality is rising, growth is stagnant while rents accumulate, the environment is suffering, and the COVID-19 pandemic exposed every crack in the systems of global capitalism. How can we restart growth? Can our societies be made fairer? Editors Ufuk Akcigit and John Van Reenen assemble a world-leading group of social scientists and theorists to consider these questions and, in particular, how ideas about the economics of creative destruction may help solve the problems we face. Most closely associated with Joseph Schumpeter, formalized by Philippe Aghion and Peter Howitt in the 1990s, the idea of innovation as creative destruction has become foundational in economics, reaching into almost every corner of the discipline—both theoretically and empirically. Now, at a time of rapid and disorienting change, is an opportune moment to pull the disparate strands of research together to assess what has been learned and continue an intellectual project that can aid economic decision-making in the decades to come. The cutting-edge work in The Economics of Creative Destruction focuses on innovation and growth. Contributors offer illuminating insights into monopoly and inequality, the nature of the social safety net, climate change, and the ups and downs of regulation. Collectively, they suggest that governance has a role to play in capitalism, maximizing its benefits and minimizing its risks.

A Gale of Creative Destruction

Author : Myron Ross
Publisher : Praeger
ISBN 13 :
Total Pages : 200 pages
Book Rating : 4.:/5 (43 download)

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Book Synopsis A Gale of Creative Destruction by : Myron Ross

Download or read book A Gale of Creative Destruction written by Myron Ross and published by Praeger. This book was released on 1989-08-22 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deftly attacking by logic and statistics the dominant pessimism concerning future US economic and military power, Ross instead sees greater progress over the next two or three decades than during the last--a fifth rising phase of a Kondratiev cycle. The central force will consist of a surging rate of technological advance resulting from such innovations as the electronic computer in combination with solid state application; energy-related superconductivity and fusion; biotechnology and space; etc. . . .An excellent, sprightly, and scholarly reply to recent doomsayers. Choice This groundbreaking work challenges pessimistic views of the U.S. economy, arguing instead that the U.S. is on the brink of a radical economic and social transformation, primarily caused by technological advance. According to Ross, the American economy, like other market-oriented economies, is subject to long waves, or cycles. In the early 1990s, he asserts, the U.S. economy will experience the beginning of a rising phase of a long wave, with the economy growing for two or three decades. The fundamental underlying cause of the booming economy will be the momentum associated with an unprecedented rate of technological advance; it will be associated with an increase in the standard of living of the average American beyond current expectations. Written in a style accessible to both scholars and educated lay readers, A Gale of Creative Destruction is an important counterweight to the recent spate of books which posit the impending collapse of the U.S. economy. Ross takes a unique approach to the subject by integrating structural change in the American economy with technological advance in an international setting. To build his case, he analyzes the historical long waves the U.S. economy has already seen and examines the technological advances such as superconductivity and biotechnology. He shows that such major innovations have coincided with the rising phase of long waves. He also explores changes in the workforce, the diminution of racial and gender discrimination, the increasing interdependence of the world's economies, and the tremendous strides being made toward more democratization and more vibrant market-driven economies, arguing that each of these factors will act to help fuel economic growth in the 1990s and beyond. Based on his analysis, Ross concludes that optimism about the economic future is more than warranted and that today's children will be significantly better off than their parents.

Creative Destruction

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (741 download)

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Book Synopsis Creative Destruction by :

Download or read book Creative Destruction written by and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Creative Destruction Management

Author : Tarmo Kalvet
Publisher : PRAXIS
ISBN 13 : 9985966724
Total Pages : 124 pages
Book Rating : 4.9/5 (859 download)

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Book Synopsis Creative Destruction Management by : Tarmo Kalvet

Download or read book Creative Destruction Management written by Tarmo Kalvet and published by PRAXIS. This book was released on 2006 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Inclusive Innovation

Author : Robyn Klingler-Vidra
Publisher : Taylor & Francis
ISBN 13 : 1000594912
Total Pages : 124 pages
Book Rating : 4.0/5 (5 download)

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Book Synopsis Inclusive Innovation by : Robyn Klingler-Vidra

Download or read book Inclusive Innovation written by Robyn Klingler-Vidra and published by Taylor & Francis. This book was released on 2022-04-20 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovation offers potential: to cure diseases, to better connect people, and to make the way we live and work more efficient and enjoyable. At the same time, innovation can fuel inequality, decimate livelihoods, and harm mental health. This book contends that inclusive innovation – innovation motivated by environmental and social aims – is able to uplift the benefits of innovation while reducing its harms. The book provides accessible engagement with inclusive innovation happening at the grassroots level through to policy arenas, with a focus on the South-East Asian region. Focusing on fundamental questions underpinning innovation, in terms of how, what and where, it argues that inclusive innovation has social processes and low-tech solutions as essential means of driving innovation, and that environmental concerns must be considered alongside societal aims. The book's understanding of inclusive innovation posits that marginalized or underrepresented innovators are empowered to include themselves by solving a problem that they are experiencing. The first in-depth exploration of efforts underway to assuage inequality from policy, private sector, and grassroots perspectives, this book will interest researchers in the areas of innovation studies, political economy, and development studies. Chapters 1 and 5 of this book are available for free in PDF format as Open Access from the individual product page at www.routledge.com. It has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.

Times of Creative Destruction

Author : Alexander Tzonis
Publisher : Taylor & Francis
ISBN 13 : 131701006X
Total Pages : 290 pages
Book Rating : 4.3/5 (17 download)

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Book Synopsis Times of Creative Destruction by : Alexander Tzonis

Download or read book Times of Creative Destruction written by Alexander Tzonis and published by Taylor & Francis. This book was released on 2016-12-08 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Times of Creative Destruction is about the years that followed the end of WWII, one of the most seminal and dramatic epochs in human history, during which extraordinary star-buildings were born, cities exploded, and an unprecedented world of a ‘Third Ecology’ emerged. Never before was there such a flurry of daring mega-constructions, such daring spatial acrobatics, ‘star’ buildings by star architects attained by star developers, mega-constructions, technological feats, and flourishing spatial acrobatics. But, for all its exhilarating creativity, this was also an era of unanticipated, intractable, irreversible destruction reducing the uniqueness and diversity of cultural, social and ecological peaks and valleys of our world, to a ‘desert flatland’, environmental inequality and unhappiness. This book critically discusses and revaluates these contradictory events, bringing together and commenting on a selection of shorter key texts by Tzonis and Lefaivre, the product of a rare research and writing partnership. The texts, published between the early 1960s and the present, are significant as documents that inform about the period. They are also important and timely because of their critical and influential role in the debates of this era, both creative and destructive.

EBOOK: Economics for Business, 6e

Author : DAVID BEGG, DAM
Publisher : McGraw Hill
ISBN 13 : 1526848147
Total Pages : 488 pages
Book Rating : 4.5/5 (268 download)

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Book Synopsis EBOOK: Economics for Business, 6e by : DAVID BEGG, DAM

Download or read book EBOOK: Economics for Business, 6e written by DAVID BEGG, DAM and published by McGraw Hill. This book was released on 2020-01-21 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: EBOOK: Economics for Business, 6e

Copyright Industries and the Impact of Creative Destruction

Author : Jiabo Liu
Publisher : Routledge
ISBN 13 : 0415523885
Total Pages : 314 pages
Book Rating : 4.4/5 (155 download)

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Book Synopsis Copyright Industries and the Impact of Creative Destruction by : Jiabo Liu

Download or read book Copyright Industries and the Impact of Creative Destruction written by Jiabo Liu and published by Routledge. This book was released on 2013 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on Schumpeter's theory of creative destruction, the book explores whether the expansion of the duration of copyright promotes or precludes the growth of the book publishing industry. The book reviews the historical development of UK copyright expansion and also considers copyright in the digital age. By exploring legal and economic aspects of copyright protection, and the expansion of copyright duration in particular, the author suggests changes to copyright policy which would have a significant impact on the economics of innovation in the creative industries.

Anxious Creativity

Author : David Trend
Publisher : Routledge
ISBN 13 : 100065057X
Total Pages : 271 pages
Book Rating : 4.0/5 (6 download)

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Book Synopsis Anxious Creativity by : David Trend

Download or read book Anxious Creativity written by David Trend and published by Routledge. This book was released on 2019-09-03 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: Creativity is getting new attention in today’s America––along the way revealing fault lines in U.S. culture. Surveys show people overwhelmingly seeing creativity as both a desirable trait and a work enhancement, yet most say they just aren’t creative. Like beauty and wealth, creativity seems universally desired but insufficiently possessed. Businesses likewise see innovation as essential to productivity and growth, but can’t bring themselves to risk new ideas. Even as one’s "inner artist" is hyped by a booming self-help industry, creative education dwindles in U.S. schools. Anxious Creativity: When Imagination Fails examines this conceptual mess, while focusing on how America’s current edginess dampens creativity in everyone. Written in an engaging and accessible style, Anxious Creativity draws on current ideas in the social sciences, economics, and the arts. Discussion centers on the knotty problem of reconciling the expressive potential in all people with the nation’s tendency to reward only a few. Fortunately, there is some good news, as scientists, economists, and creative professionals have begun advocating new ways of sharing and collaboration. Building on these prospects, the book argues that America’s innovation crisis demands a rethinking of individualism, competition, and the ways creativity is rewarded.

The Hush House Affair

Author : Richard J. Reilly
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781515241645
Total Pages : 150 pages
Book Rating : 4.2/5 (416 download)

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Book Synopsis The Hush House Affair by : Richard J. Reilly

Download or read book The Hush House Affair written by Richard J. Reilly and published by Createspace Independent Publishing Platform. This book was released on 2015-09-10 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Hush House Affair is a true adventure story that could be a novel, but the plot might be rejected as fictional. A three-year journey of cliff-hangers, across five countries, results in a $49,000,000 U.S. government contract. It is a tale of Creative Destruction that gives the reader a window into how a government procurement agency rersponds when routine is threatened by a disruptive new technology. Creative Destruction is a term economists apply to the never ending process that replaces traditional products and methods with better means of accomplishing the task. We usually see only the results, the shiny and the new, but not the pain and chaos rooted in the battle between the old and the new. The book describes the replacement of an environmentally hazardous process with a more benign method. The author gives a view of the hidden struggle behind changing the U.S. Air Force's method of testing aircraft and engines. The complexity and viciousness of the battle are beyond imagination as the antagonists fight for their jobs in a dying industry. The story is born in conflict, but the convoluted end-game results in a $49 million contract with the US Air Force. 'Creative Destruction, ' a term, popularized by Austrian/American Economist and Harvard Professor, Joseph Schumpeter, to describe the process by which old products are replaced by new devices, ideas or methods. A more mundane expression of this idea is the 'buggy whip' analog: A whip for one's buggy is unnecessary when it is powered by a gasoline engine, and an industry disappears. The "Hush House Affair" chronicles a nearly four-year odyssey that spans five countries and replaces the historical use of water for cooling aircraft noise suppressors with an air-cooling technique. It is a head-on collision: Water cooling, with its columns of black smoke, acid rain and other operational undesirables, becomes environmen- tally untenable. Air cooling eliminates these negatives, and significant cost savings result as a bonus. In addition, the lawsuits brought by noise and acid rain are eliminated. Air, as a cooling agent, wins handily for many reasons. The protagonists engage in an explosive conflict on first meeting but combine their talents to engage in a classic Schumpeterian conflict with the US government: One industry is destroyed and is replaced by a new enterprise, producing a superior, environmentally more benign product, under a government contract. The battle is not easily won. The traditional industries fight back. Government agencies, steeped in comfortable operational and business relationships, indulge in an internecine rivalry. The new technology is often threatened but is rescued by fortuitous and almost mysterious happenings. When the contract is finally consummated, one of my principal adversaries approached me and extended his hand, saying, "Hey, no hard feelings. It was your general against our general, and your general won." He didn't understand how his team lost. You will. I hope you enjoy the blow-by-blow account.

The Power of Social Innovation

Author : Stephen Goldsmith
Publisher : John Wiley & Sons
ISBN 13 : 0470604077
Total Pages : 272 pages
Book Rating : 4.4/5 (76 download)

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Book Synopsis The Power of Social Innovation by : Stephen Goldsmith

Download or read book The Power of Social Innovation written by Stephen Goldsmith and published by John Wiley & Sons. This book was released on 2010-01-21 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: THE POWER of SOCIAL INNOVATION Civic leaders across the U.S. and throughout the world are discovering creative ways to overcome the obstacles that seal the doors of opportunity for too many. These inspiring individuals believe that within our communities lie the entrepreneurial spirit, compassion, and resources to make progress in such critical areas as education, housing, and economic self-reliance. Real progress requires that we take bold action and leverage our strengths for the greater good. The Power of Social Innovation offers public officials, social entrepreneurs, philanthropists, and individual citizens the insights and skills to create healthier communities and promote innovative solutions to public and social problems. This seminal work is based on Stephen Goldsmith's decades of experience, extensive ongoing research, and interviews with 100+ top leaders from a wide variety of sectors. Goldsmith shows that everyday citizens can themselves produce extraordinary social change. The book explores the levers and guiding principles used by champions of civic progress who drive new organizations, new interventions, or new policies to enhance social conditions. The Power of Social Innovation features illustrative case studies of change-oriented philanthropists, public officials, and civic leaders. While all collaborate across sectors, they run both start-ups and established organizations such as the New York City public schools, United Way of America, the United Negro College Fund, and Teach For America. The book shows the catalyzing role each plays in transforming a community's social service delivery systems. To complement the book's myriad tools and case studies,The Power of Social Innovation web site (www.powerofsocialinnovation.com) provides links to relevant Harvard research as well as additional helpful resources.

Waves of Creative Destruction

Author : Jeremy C. Stein
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.X/5 (2 download)

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Book Synopsis Waves of Creative Destruction by : Jeremy C. Stein

Download or read book Waves of Creative Destruction written by Jeremy C. Stein and published by . This book was released on 1994 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a model of repeated innovation with knowledge spillovers. The model's novel feature is that firms compete on two dimensions: 1) product quality or cost, where one firm's innovation ultimately spills over to other firms; and 2) distribution costs, where there are no spillovers across firms and where incumbent firms' existing customer bases give them a competitive advantage over would- be entrants. Customer bases have two important consequences: 1) they can in some circumstances dramatically reduce the long-run average level of innovation; 2) they lead to endogenous bunching, or waves, in innovative activity.

Creative Destruction

Author : Tyler Cowen
Publisher : Princeton University Press
ISBN 13 : 9780691117836
Total Pages : 196 pages
Book Rating : 4.1/5 (178 download)

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Book Synopsis Creative Destruction by : Tyler Cowen

Download or read book Creative Destruction written by Tyler Cowen and published by Princeton University Press. This book was released on 2004-03-21 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analysis of the place of art in the global market economy. The author argues that, despite the homogenizing dangers, globalization actually contributes to cultural diversity, even promoting and reviving traditional cultures. Review in: Journal of cultural economics. 28(2004)1(.81-88).

From Idea to Innovation

Author : Bernd X. Weis
Publisher : Springer
ISBN 13 : 3642541712
Total Pages : 263 pages
Book Rating : 4.6/5 (425 download)

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Book Synopsis From Idea to Innovation by : Bernd X. Weis

Download or read book From Idea to Innovation written by Bernd X. Weis and published by Springer. This book was released on 2014-10-20 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book assists in bringing together the three stakeholders of an innovation – inventor, decision maker and organization. These stakeholders have conflicting requirements and the book offers advice on how and by what methods they can communicate and the information that is expected and required in different phases of innovation. The perspectives of inventor, decision maker and organization are integrated in a business model that enables a common “language” and communication platform for the inevitably emerging tension field and that allows for asking and answering the right questions.