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Creative destruction is a concept introduced into economic literature by Joseph Alois Schumpeter, one of the leading Austrian economists of the 20th century. This theory argues that technological innovation and entrepreneurship inherent in the capitalist system dismantle existing economic structures to build more efficient and innovative alternatives. Creative destruction simultaneously promotes progress and growth while leading to the disappearance of existing institutions, firms and business m

Disruptive Innovation is a concept describing the process by which a product, service, or business model enters a market by offering a simpler, more affordable, or more accessible alternative to existing market segments, and over time improves its performance to capture mainstream customers and displace established competitors. This process not only creates new markets but also triggers fundamental transformations in existing market structures, technologies, and business models.Definition and Co