Technology-Driven Creative Destruction Process
(Redirected from Technology-Driven Creative Destruction Economic Process)
Jump to navigation
Jump to search
A Technology-Driven Creative Destruction Process is a creative destruction process that is a market transformation process (triggered by technological innovation).
- Context:
- It can typically disrupt Technology Industry through technology-driven innovation cycles.
- It can typically accelerate Technology-Driven Economic Change through technology-driven market displacement.
- It can typically render Technology-Driven Incumbent Business Model obsolete through technology-driven competitive advantage.
- It can typically create Technology-Driven Employment Shift through technology-driven labor market restructuring.
- It can typically generate Technology-Driven Wealth Distribution Effect through technology-driven capital reallocation.
- ...
- It can often transform Technology-Driven Industry Structure through technology-driven value chain reconfiguration.
- It can often produce Technology-Driven Productivity Improvement through technology-driven process optimization.
- It can often stimulate Technology-Driven Entrepreneurial Activity through technology-driven market opportunity.
- It can often eliminate Technology-Driven Inefficient Market Segment through technology-driven competitive pressure.
- ...
- It can range from being a Gradual Technology-Driven Creative Destruction to being a Rapid Technology-Driven Creative Destruction, depending on its technology-driven adoption rate.
- It can range from being a Localized Technology-Driven Creative Destruction to being a Global Technology-Driven Creative Destruction, depending on its technology-driven market reach.
- It can range from being a Minor Technology-Driven Creative Destruction to being a Major Technology-Driven Creative Destruction, depending on its technology-driven economic impact.
- ...
- It can have Technology-Driven Economic Growth Effect for technology-driven market expansion.
- It can have Technology-Driven Social Impact for technology-driven lifestyle change.
- It can have Technology-Driven Policy Challenge for technology-driven regulatory framework.
- ...
- Examples:
- Technology-Driven Creative Destruction Categories, such as:
- Technology-Driven Creative Destruction Time Periods, such as:
- Historical Technology-Driven Creative Destructions, such as:
- Steam Engine Technology-Driven Creative Destruction (1800s) for technology-driven manual labor displacement.
- Electricity Technology-Driven Creative Destruction (1890s) for technology-driven industrial reorganization.
- Mass Production Technology-Driven Creative Destruction (1920s) for technology-driven manufacturing scale.
- Contemporary Technology-Driven Creative Destructions, such as:
- Artificial Intelligence Technology-Driven Creative Destruction (2020s) for technology-driven knowledge work transformation.
- Blockchain Technology-Driven Creative Destruction (2010s) for technology-driven financial intermediation.
- Biotechnology-Driven Creative Destruction (2020s) for technology-driven healthcare system.
- Historical Technology-Driven Creative Destructions, such as:
- ...
- Counter-Examples:
- Policy-Driven Creative Destruction, which involves policy intervention rather than technology-driven market forces.
- Demographic-Driven Creative Destruction, which stems from population change rather than technology-driven innovation.
- Crisis-Driven Creative Destruction, which results from economic shock rather than technology-driven competitive process.
- Natural Resource-Driven Creative Destruction, which emerges from resource discovery rather than technology-driven productivity improvement.
- See: Schumpeterian Creative Destruction, Disruptive Innovation, Technology Life Cycle, Innovation Economics, Market Transformation.