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invention innovation diffusion trilogy

 
 
model's image

characteristics

author:
Schumpeter, Joseph A.
country:
United States
period:
1939
type:
model
role:
consultant
activity:
analyse
topic:
strategic management, innovation & risk and technology & operations
abstr. level:
environment
perspective:
rational
status:
final
module:
innovation
comments:
0
 

description:

According to the Austrian economist, Joseph Schumpeter, technological change was a major determinant of industrial change. Schumpeter believed that the economic cycles in capitalistic economies, are the result of rule changing innovations. Innovation is a two headed beast: the introduction of revolutionary products and services by successful entrepreneurs is the fundamental force driving sustained...

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