Creative Destruction Is

question 226

Multiple Choice

Creative destruction is

• A) the process by which large firms buy up small firms.
• B) the process by which new firms and new products replace existing dominant firms and products.
• C) a term coined many years ago by Adam Smith.
• D) applicable to planned economies but not to market economies.

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Definitions:

Servant Leadership

A leadership philosophy in which the main goal of the leader is to serve. This is different from traditional leadership where the leader's main focus is the thriving of their company or organizations.

Selflessly Serve

Acting with the intention of helping or benefiting others without expecting personal gain or recognition.

Trait Approach

A theory in psychology that focuses on the identification and measurement of specific personality characteristics or traits.

Personality

Personality is the overall combination of characteristics that capture the unique nature of a person as that person reacts to and interacts with others.