Over the last 12 months the state of the economy and the impact of the recession have been topics in virtually every meeting I’ve been in. The discussions have ranged from detailed analysis by “leading” economists (one in particular at a meeting in March was thrilled when at the end of his 60 slide deck now predicting a decade long slide [...]
Tag: private equity
Creative Destruction
“Creative Destruction” is the term Austrian economist Joseph Schumpeter coined to define the business Darwinism that drives capitalism. The basic theory being that new ideas, technologies, ways of working, organizational approaches and other creative discontinuities spark competition ultimately driving the economy. Through economic cycles of all sorts, across every industry and size of company, creative [...]
