Question: Based on the articles provided and your reading on Schumpeter work on innovation and entrepreneur: The Theory of Economic Development : An Inquiry into Profits,

Based on the articles provided and your reading on Schumpeter work on innovation and entrepreneur:

  1. The Theory of Economic Development : An Inquiry into Profits, Capital, Credit, Interest and the Business Cycle. Schumpeter, J.A. 1934 (2008)
  2. Schumpeters View on Innovation and Entrepreneurship. Karol Sledzik. (2013)
  3. Innovation, Dynamics of Competition and Market Dynamics. Hans-Werner Gottinger (2016)

What are your views on the following:

-How can this Theory of Economic Development promote businesses to perform better?

-Describe how innovation disrupts the flow of an economy to any given organization.

-What are the key takeaways from Shumpeterss economic change on the creative destruction concept?

Length (250 words)

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