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Knowledge-Driven Creative Destruction: Strategic Knowledge Arbitrage and Serendipity

In: Entrepreneurial Profiles of Creative Destruction

Author

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  • Elias G. Carayannis

Abstract

Heracleitus stated that “everything flows” in life—that is, change is the only constant. Herodotus stated that “war is the father of everything” in life, in a sense anticipating Schumpeter’s work on creative destruction, and the nature and dynamics of the lifecycle of the firm that we discuss later on. We witness these phenomena daily in the context of sociotechnical change that gives birth to substantial challenges and opportunities for individuals, societies and companies.

Suggested Citation

  • Elias G. Carayannis, 2014. "Knowledge-Driven Creative Destruction: Strategic Knowledge Arbitrage and Serendipity," Palgrave Macmillan Books, in: Entrepreneurial Profiles of Creative Destruction, chapter 5, pages 183-208, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-42983-4_5
    DOI: 10.1057/9781137429834_5
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    Cited by:

    1. G. Martinidis & N. Komninos & E. Carayannis, 2022. "Taking into Account the Human Factor in Regional Innovation Systems and Policies," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(2), pages 849-879, June.
    2. Carayannis, Elias G. & Vincenzi, Marco & Draper, John, 2024. "The economic logic of open science in fusion energy research: A policy perspective," Energy Policy, Elsevier, vol. 186(C).

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