Question: The answer is: The s-curve model suggests that technological change is cyclical. Each new s-curve ushers in an initial period of turbulence, followed by rapid

The answer is: The s-curve model suggests that technological change is cyclical. Each new s-curve ushers in an initial period of turbulence, followed by rapid improvement, then diminishing returns, and ultimately is displaced by a new technological discontinuity. The emergence of a new technological discontinuity can overturn the existing competitive structure of an industry, creating new leaders and new losers. What is the question?

What is Tushman's concept of process innovation?

What is Schumpeter's concept of creative destruction?

What is Burgelman's concept of creative dissonance?

What is Milton Friedman's concept of the purpose of markets?

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