Science, Maths & Technology
Introducing technology and innovation management
...2 What is innovation? - Joseph Schumpeter, a seminal thinker on the crucial role of innovation in economic development, argued in his classic book The Theory of Economic Development that capitalism is fundamentally a dynamic system of change and is incapable of remaining static (Schumpeter, 1934). He describes the ‘perennial gales’ of ‘creative destruction’...