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Destruction Quotes

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Destruction Quotes

“The most important feature of an information economy, in which information is defined as surprise, is the overthrow, not the attainment, of equilibrium. The science that we have come to know as information theory establishes the supremacy of the entrepreneur because it appreciates the powerful connection between destruction and what Schumpeter described as "creative destruction," between chaos and creativity.”

KnowsImportantPowerfulCreativityEconomyCreativeInformationTheoryEconomicsAppreciateConnectionsDestructionEntrepreneurSurpriseChaosDefinedFeaturesAttainmentEquilibriumSupremacyCreative Destruction
Book:Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World
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“It's hard to overemphasize how important Ford's deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first. Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.”

YearsFirstsImportantHardCreativeStageExampleBenefitsDestructionRateWaveEnormousRailDeregulationCreative Destruction
Book:The Age of Turbulence: Adventures in a New World
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“I try to build on our management philosophy. I try to understand what the threats and opportunities are for us. Uh, I try to make sure that we're driving innovation and creative destruction hard enough so we're not blindsided, and that our attitude is to, in starting any initiative, any business, is to focus on how we can create value for others, rather than how we maximize profit, because you can make money focusing on, "How do I maximize profit?"”

TryingHardEnoughPhilosophyValuesOpportunityAttitudeCreativeFocusDestructionInnovationManagementThreatStartingProfitDrivingMaking MoneyInitiativeCreative Destruction
Author:Charles Koch
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“My philosophy, one of the biggest enemies of future success is past success, because you become complacent, you become risk averse, and that's one of the things we try to drive here, and this is fundamental to this philosophy, and that's in this component change, and also in value creation. That we need to drive creative destruction, not just incremental innovations, but innovations that will change the whole nature of the business.”

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Author:Charles Koch
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“According to the management expert Peter F. Drucker, the term "entrepreneur" (from the French, meaning "one who takes into hand") was introduced two centuries ago by the French economist Jean-Baptiste Say to characterize a special economic actor-not someone who simply opens a business, but someone who "shifts economic resources out of an area of lower and into an area of higher productivity and greater yield." The twentieth-century growth economist Joseph A. Schumpeter characterized the entrepreneur as the source of the "creative destruction" necessary for major economic advances.”

TwoHandsActorsGrowthTermCreativeGreaterEconomicSpecialCenturySourceHigherMajorsResourcesAreasDestructionManagementEntrepreneurProductivityExpertsYieldPeterEconomistTwentieth CenturyCreative DestructionEconomic Resources
Book:How to Change the World: Social Entrepreneurs and the Power of New Ideas
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“Entrepreneurship rests on a theory of economy and society. The theory sees change as normal and indeed as healthy. And it sees the major task in society – and especially in the economy – as doing something different rather than doing better what is already being done. This is basically what Say, two hundred years ago, meant when he coined the term entrepreneur.”

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Author:Peter Drucker
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“Adam Smith's 'invisible hand' is not above sudden, disturbing, movements. Since its inception, capitalism has known slumps and recessions, bubble and froth; no one has yet dis-invented the business cycle, and probably no one will; and what Schumpeter famously called the 'gales of creative destruction' still roar mightily from time to time. To lament these things is ultimately to lament the bracing blast of freedom itself.”

StillsHandsKnownCreativeMovementCapitalismDestructionInvisibleCyclesAdamBubblesDisturbingBlastRecessionsLamentGaleInceptionSlumpsInvisible HandCreative Destruction
Author:Margaret Thatcher
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