{"id":545,"date":"2004-09-15T01:12:09","date_gmt":"2004-09-15T01:12:09","guid":{"rendered":"http:\/\/zmetro.com\/?p=545"},"modified":"2004-09-15T01:12:09","modified_gmt":"2004-09-15T01:12:09","slug":"creative_destru","status":"publish","type":"post","link":"https:\/\/www.zmetro.com\/?p=545","title":{"rendered":"&#8220;Creative Destruction&#8221;"},"content":{"rendered":"<p>A term coined in 1942 by Joseph Schumpeter in his work, Capitalism, Socialism and Democracy, to denote a &#8220;process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one.&#8221;<br \/>\nI thought of this concept (which I learned in <a href=\"http:\/\/www.llhs.org\">High School<\/a> many years ago) and refined at the <a href=\"http:\/\/www.wisc.edu\">UW<\/a> recently while visiting with a local small business owner.   This guy&#8217;s firm formerly sold voice mail systems.  That business has changed quite a bit therefore, he is now selling services and IT solutions including replication, archive and &#8220;secure&#8221; email products.<br \/>\nI told him that I was impressed by his ability to zig and zag as the market changed.  It&#8217;s clear that every worker today, at any level must be ready for new challenges and opportunities, as this article on the <a href=\"http:\/\/ap.tbo.com\/ap\/breaking\/MGB754X53ZD.html\">NY Times outsourcing plans illustrates<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A term coined in 1942 by Joseph Schumpeter in his work, Capitalism, Socialism and Democracy, to denote a &#8220;process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one.&#8221; I thought of this concept (which I learned in High School many years ago) and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,3],"tags":[],"_links":{"self":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/545"}],"collection":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=545"}],"version-history":[{"count":0,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/545\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}