Schumpeter and new technology based firms: Towards a framework for how NTBFs cause creative destruction

Document Type

Article

Publication Date

6-1-2006

Abstract

Although Schumpeter's "creative destruction" has become something of a buzzword, the theoretical underpinnings of his theory are largely missing from the recent literature on technological change. This paper explores the link between technological change and creative destruction, with particular attention being paid to the role of new technology-based firms in bringing this about. Recurring themes in the technological change literature are examined. These show that the phenomenon of dominant firms failing due to the introduction of a new (disruptive) technology is creative destruction in action. NTBFs are the most common introducers of disruptive technologies and a leading driver of creative destruction. © Springer Science + Business Media, LLC 2006.

Identifier

33746170164 (Scopus)

Publication Title

International Entrepreneurship and Management Journal

External Full Text Location

https://doi.org/10.1007/s11365-006-8681-3

e-ISSN

15551938

ISSN

15547191

First Page

145

Last Page

156

Issue

2

Volume

2

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