Multiple choice

Who among the following propounded the concept of 'creative destructions'?

  1. Steve Jobs

  2. Albert S Humphrey

  3. Joseph Schumpeter

  4. Cantillon

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Joseph Schumpeter believed that the concept of innovation is process of “creative destructions.” Innovation requires a fresh way of looking at things, an understanding of people, and an entrepreneurial willingness to take risks and to work hard.