This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Schumpeter’s crucial distinction: Gradual change Discrete change The theory of economic development The crucial role of discrete rather than gradual change The central role of entrepreneurship Gradual – Incremental – Sustaining Innovation Discrete – Discontinuous – Disruptive Innovation Improvement v Transformation Gradual Change = Product or process improvement Closely connected with earlier versions May reflect market research and customer preferences May drive customer choice – the latest, newest model A continuation of existing established technology and processes The easiest, most comfortable kind of innovation: Cars, pens, breakfast cereals, insurance policies, shoes, bags Comfortable for businesses and customers...
View Full Document
- Spring '08
- Entrepreneurship, Student engagement Practitioner involvement Integrative learning Complexity Entrepreneur, Gradual change Discrete, Transformation Gradual Change