While the Porter five forces framework is built upon the structure-conduct-performance model of industrial economics,Schumpeter's view of competition as creative destruction builds upon:
A)Game theory.
B)The Austrian School view of competition as a dynamic.
C)Oligopoly theory.
D)The Chicago School of economic thought.

Question

Quizplus · Accepted Answer

Schumpeter's view of competition as creative destruction builds upon the Austrian School view of competition as a dynamic process of entrepreneur-led innovation and discovery.

While the Porter Five Forces Framework Is Built Upon the Structure-Conduct-Performance