When "Creative Destruction" Destroys More than It Creates
Harvard Business Review
JUNE 27, 2012
A list of the top 20 banks today contains only seven that were on the list a decade ago. Some of this, business historians might say, is simply due to what Joseph Schumpeter called "creative destruction" — a desirable culling of businesses that can't keep pace. A similar pattern hold for airlines. And for telecom.
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