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Creative Destruction: Business Survival Strategies in the Global Internet Economy

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A collection of 12 papers which "grew out of a March 1999 symposium held at the Fletcher School of Law and Diplomacy, Tufts University. "Creative Destruction -- or Just Destruction? Telecoms in Transition: Survival and Success in the Global Internet Economy" was co-sponsored by the Fletcher School's Hitachi Center for Technology and International Affairs, the Fletcher School's Edward R. Murrow Center for International Information and Communication, and Booz Allen & Hamilton"--Page.Schumpeter's framework of creative destruction applied to the rapidly changing telecommunications and related Internet industries.More than fifty years ago, Joseph Schumpeter stated that processes intrinsic to a capitalist society produce a "creative destruction," whereby innovations destroy obsolete technologies, only to be assaulted in turn by newer and more efficient rivals. This book asks whether the current chaotic state of the telecommunications and related Internet industries is evidence of creative destruction, or simply a result of firms, governments, and others wasting valuable resources with limited benefits to society as a whole. In telecommunications, for example, wireless, IP, and cable-based technologies are all fighting for a share of the market currently dominated by older, circuit-switched, copper-terminated networks. This process is accompanied by mergers, acquisitions, bankruptcies, and investment and divestment in worldwide markets.The selections discuss the primary challenge facing firms, governments, and other players: how to exploit the opportunities created by such destructive dynamics. They highlight the importance of national regulations promoting competition and nonmonopolistic market structures, as well as the role of new technologies such as the Internet in driving down the price and speeding the diffusion of innovative products and services in telecommunications, media, electronic retailing, and other "new economy" industries.OCLC-licensed vendor bibliographic record.

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Call Number

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Publisher

Cambridge, Mass. ; : MIT Press Direct., 2001

Collation

1 online resource (xii, 289 pages) :illustrations

Language

English

ISBN/ISSN

9780262276788

Classification

NONE

Content Type

text

Media Type

computer

Carrier Type

online resource

Edition

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Subject(s)

Technological innovations
globalization
Internet
Evolutionary Economics
Organizational change

Specific Detail Info

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Statement of Responsibility

Lee W. McKnight, Paul M. Vaaler, Raul L. Katz

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Cataloger

imron

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Digital Object Identifier (DOI)

https://doi.org/10.7551/mitpress/2206.001.0001

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