Hypercompetition in the perspective of Schumpeter’s theory
Hypercompetition in the perspective of Schumpeter’s theory

Author(s): Jan Polowczyk
Subject(s): Economy, Economic development
Published by: Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu
Keywords: competition;hypercompetition;Schumpeter’s theory of creative destruction;creative destruction;
Summary/Abstract: The purpose of the Chapter is to present academic discussion regarding the hypercompetition phenomenon observed in the US and in the world economy. The Chapter consists of four main Sections. In the first, the general hypercompetition landscape, particularly in the American economy has been described. The second Section discusses the literature that elaborates hypercompetition within the main perspectives of strategic management. In the third Section empirical studies have been presented. The final Section discusses the results of empirical research. The Chapter emphasizes the pioneer role of J.A. Schumpeter in the discussion. At the center of Schumpeter’s theory was the assertion that ‘creative destruction’ would become increasingly more intensive in a wide range of industries. More recently, this assertion has resurfaced with the concept of hypercompetition.

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