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Building on the work of Dean Tucker and Adam Smith, political economists began to create what would become the modern discipline of economics. [ note 1 ] While rejecting much of mercantilism, members of the new discipline largely agreed that technological unemployment would not be an enduring problem.
Beyond business and economics disruptive innovations can also be considered to disrupt complex systems, including economic and business-related aspects. [8] Through identifying and analyzing systems for possible points of intervention, one can then design changes focused on disruptive interventions.
The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail, first published in 1997, is the best-known work of the Harvard professor and businessman Clayton Christensen. It expands on the concept of disruptive technologies , a term he coined in a 1995 article "Disruptive Technologies: Catching the Wave". [ 1 ]
In the earlier work of Marx, however, the idea of creative destruction or annihilation (German: Vernichtung) implies not only that capitalism destroys and reconfigures previous economic orders, but also that it must continuously devalue existing wealth (whether through war, dereliction, or regular and periodic economic crises) in order to clear ...
Christensen was the best-selling author of ten books, including his seminal work The Innovator's Dilemma (1997), which received the Global Business Book Award for the best business book of the year. One of the main concepts depicted in this book is also his most disseminated and famous one: disruptive innovation. The concept has been growing in ...
To sustain production in 2021, the Vietnamese government required workers in higher-risk regions to live at their workplace. [1] Economists pointed to lean manufacturing (also known as "just-in-time" manufacturing) as a major source of the supply chain disruption. The lean manufacturing method relies on well-tuned matching between the raw ...
Organizational conflict, or workplace conflict, is a state of discord caused by the actual or perceived opposition of needs, values and interests between people working together. Conflict takes many forms in organizations .
A temporary work agency, temp agency or temporary staffing firm finds and retains workers. Other companies in need of short-term workers contract with the temporary work agency to send temporary workers, or temps, on assignments to work at the other companies. Temporary employees are also used in cyclical work, requiring frequent staffing ...