Creative Destruction Is Not Automatic Because

question 104

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:

Experienced Meaningfulness

A psychological state in which an individual feels their work has significance, purpose, or value.

Job Feedback

is the information provided to an employee about their performance or behavior in relation to their job tasks.

Job Specialization

The method of concentrating one's professional efforts on a particular field of knowledge to boost efficiency and mastery.

Directly Responsible

Being explicitly accountable or answerable for actions, tasks, or outcomes without intermediaries.