Wednesday, June 29, 2016
Web Secret 421: creative destruction
Creative destruction: a term coined by economist Joseph Schumpeter in 1942. Used in a variety of areas including economics, corporate governance, product development, technology and marketing.
Use this concept in a sentence.
The iPhone, introduced in 2007, (that's less than 10 years ago people,) all but killed the market for not only regular cell phones but also PDAs, MP3 players, point-and-shoot cameras, wrist watches, calculators and voice recorders.
This is life in the 21st century.
"Creative destruction is the industrial and societal evolution that has driven human progress forward since a distant ancestor smashed two rocks together and created a spark. In the age of exponentially advancing technology and major social changes, creative destruction is set to be the new normal. We are at the very beginning of the next Cambrian explosion; Fortune 500 companies and the closed minded individuals won't survive it. But if you're reading this, you just might make it ;)." from the Creative Destruction blog.
The recipe for survival is open mindedness and hanging on to experiences that are tech proof.
Walking in the park, playing cards, talking to a friend.
Going somewhere very quiet.