Silicon Valley’s Culture of Creative Destruction
Friday, 03 January 2025
Silicon Valley’s legendary status as the birthplace of innovation isn’t merely a product of geography or luck — it is rooted in a culture of creative destruction, a term popularized by Austrian economist Joseph Schumpeter, author of Theory of Economic Development. Creative destruction is the process by which innovation disrupts existing industries, rendering outdated systems
- Published in Economic Development, Regional Development
8 Comments