Creative Destruction Is Not Automatic Because

question 31

Multiple Choice

Creative destruction is not automatic because

• A)there are major obstacles to the entry of new innovative firms into concentrated industries.
• B)consumer tastes are highly unstable.
• C)corporate takeovers increase dynamic competition.
• D)large firms rarely are technologically progressive.

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Definitions:

Gender Equality

The state in which access to rights or opportunities is unaffected by gender, ensuring fairness among men and women.

Power Distance

A cultural dimension that describes the extent to which individuals in a society accept and expect that power is distributed unequally.

Future Orientation

The extent to which individuals or cultures prioritize and value actions or decisions that pertain to future outcomes and goals.

Polychronic Time

A perception of time that values multi-tasking and flexible scheduling, common in cultures that prioritize relationships over strict adherence to schedules.