This book focuses on 'creative destruction' in the context of the knowledge economy and society, and examines the ideas of entrepreneurship of Joseph Schumpeter. The text illustrates ideas and provides arguments for academics and practitioners, maintaining that Schumpeter's 'creative destruction' is essential for organizations to survive.

Explores the relevance of Schumpeter today

PART ONE: A HISTORICAL REVIEW OF SCHUMPETER'S CONTRIBUTIONS Why Joseph Schumpeter's Creative Destruction?: Everything Has Changed, So It Is The Same; E.G.Carayannis, J.E.Spillan & C.Ziemnowicz Chapter Summaries; E.G.Carayannis & C.Ziemnowicz Joseph Schumpeter: A Short Biography; J.E.Spillan & C.Ziemnowicz Economics and Joseph Schumpeter's Theory of Creative Destruction: Definition of Terms; E.G.Carayannis, C.Ziemnowicz & J.E.Spillan Can Schumpeter's Principles Apply to the Management Questions of the 21st Century?; E.Bernstein PART TWO: KEY CONCEPTS AND THEMES A "Mode 3" Systems Approach for Knowledge Creation, Diffusion and Use: Towards a 21st Century Fractal Innovation Ecosystem; E.G.Carayannis & D.Campbell Creative Destruction, Niche Theory and a Comment on Jospeh Schumpeter's Predicted Demise of Capitalism; J.B.Linn III A Schumpeterian Perspective on Competitive Strategy; J.A.Parnell From the Creative-Destructor to the Entrepreneur-Bricoleur: A Contribution to Schumpeter's Theory of Entrepreneurial Innovation; R.Duymedijan & S.Ansart Another Step and New Actors in Innovation: Hacking Creative Destruction; Y.Chatelain & J-J.Chanaron Schumpeter's Twins: Entrepreneur and Intrapreneur; D.Cetindamar & A.M.Fis Impact of Information Technology on Business Modeling: "Creative Destruction on Steroids"; N.Niles PART THREE: ROLE OF INSTITUTIONS, POLICIES AND PRACTICES AS IMPEDERS, ENABLERS AND DRIVERS OF CREATIVE DESTRUCTION Schumpeterian Perspective on Technology Networks; K.I.Pelc Litigating through Counter-Schumpeterian Waves: The Lessons to Be Learned Before Introducing Software Patents in the EU; A.Panagopoulos PART FOUR: GLOBALIZATION AND INNOVATION Schumpeterian Innovation in the Automotive Industry; M.Stahl & T.Wolff Actualization of the Cooperation Concept from a Neo-Schumpeterian Perspective: Application to the Automotive Sector; A.Sandrine & L.M.Guimaraes Doing Innovative Research: "Mode 3" and Methodological Challenges in Leveraging the Best of Three Worlds; H.Godoe "The Bearer of the Mechanism of Change": Small-firm Inventiveness and Patenting in Norway; E.Iversen Creative Destruction through the Prism of Regional Economic Growth: The California Example; J.G.Woods Schumpeterian Creative Destruction: The Case of Ukraine; I.Yegorov Crisis, Chaos, and Creative Destruction: Getting Better from Bad; W.R.Crandall The Case of Howard Johnson's Restaurant Chain: Schumpeter's Creative Entrepreneurial Beginning and "Innovation-less" Ending; W.R.Crandall, C.Ziemnowicz, J.E.Spillan & J.A.Parnell Conclusions; E.G.Carayannis & C.Ziemnowicz