Which of the following best describes the notion of creative destruction?
A) the process whereby goods developed to meet the needs of LDCs are repackaged as low-cost innovative goods for rich countries
B) innovations that create a new market and value network, displacing established firms, products, and alliances
C) the desired break in existing patterns of behavior in response to a highly creative message
D) the termination of old technologies or ways of doing things to make way for new ones, at the risk of hurting some groups in society

Question

Quizplus · Accepted Answer

Creative destruction refers to the process where old technologies or ways of doing things are terminated to make way for new innovations, which can disrupt existing industries and potentially harm certain groups in society.

Which of the Following Best Describes the Notion of Creative