Posts Tagged ‘creative destruction’

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    Auto Innovation

    Jan 5, 11 • 250 Views • No Comments

    Saying, “I believe the people who invented the auto cannot abandon it,” President Obama supported the bailout of General Motors. Economist Joseph Schumpeter would have been horrified. The man who explained “creative destruction,”...  [read more]

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    Creatively Destroying Pontiac

    Nov 7, 10 • 287 Views • No Comments

    At some point, sooner or later, people get tired of black. During the 1920s, Henry Ford realized that the Model T, so very practical and affordable because it only came in black, needed some vitality. What forced him to recognize that the Model T was becoming...  [read more]

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    Blockbuster’s Sunk Costs

    Oct 20, 10 • 314 Views • No Comments

    When is it bad to be good at something? Blockbuster has the answer. As described by New Yorker columnist James Surowiecki, Toys ‘R Us, Barnes & Noble, and Blockbuster were known as “category killers” because they decimated their...  [read more]

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    Netflix and Buggy Whips

    Aug 14, 10 • 332 Views • 1 Comment

    After reading this NY Times article about Netflix, you might begin to think about buggy whips. I know it sounds distant but here is the connection. Entrepreneurs make an existing product or process obsolete. Netflix and Blockbuster. Amazon and Barnes &...  [read more]

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    Creative Destruction

    Apr 24, 10 • 368 Views • No Comments

    Reading Ken Auletta’s recent New Yorker article on the iPad and the Kindle, I first thought of “the razor or the blade.” While Amazon loses money on books in order to sell Kindles, razors were precisely the opposite. Get a cheap razor,...  [read more]