Creative destruction is the process of transformation that accompanies radical innovation.

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Creative destruction is a term coined by economist Joseph Schumpeter to describe the process by which new innovations and technologies take hold, displacing existing industries and ways of doing things. It involves the simultaneous creation and destruction of industries and companies, as new ideas and technologies lead to the demise of old ones. This transformation can be a painful process, with job losses and economic disruption, but it also leads to new opportunities and growth.

Creative Destruction Is the Process of Transformation That Accompanies Radical