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	<title>Core Edges &#187; creative destruction</title>
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		<title>These are Schumpeterian times, don&#039;t look ahead for the same old past</title>
		<link>http://coreedges.com/blog/2009/02/02/these-are-schumpeterian-times-dont-look-ahead-for-the-same-old-past/</link>
		<comments>http://coreedges.com/blog/2009/02/02/these-are-schumpeterian-times-dont-look-ahead-for-the-same-old-past/#comments</comments>
		<pubDate>Mon, 02 Feb 2009 20:28:58 +0000</pubDate>
		<dc:creator>Julien Le Nestour</dc:creator>
				<category><![CDATA[Macro Principles]]></category>
		<category><![CDATA[creative destruction]]></category>
		<category><![CDATA[schumpeterian]]></category>
		<category><![CDATA[Umair]]></category>

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		<description><![CDATA[If you don’t know your Schumpeter, now is the moment to delve into his works. I echoed before about the broad Schumpeterian moment under way across a wide range of industries. What we are witnessing here is pure creative destruction at play, crystallized in a couple of defining years (08–09). That’s also why I will step up my blogging and ...]]></description>
			<content:encoded><![CDATA[<p>If you don’t know your <a href="http://en.wikipedia.org/wiki/Joseph_Schumpeter">Schumpeter</a>, now is the moment to delve into his works. I echoed before about the broad Schumpeterian moment under way across a wide range of industries. What we are witnessing here is pure <a href="http://en.wikipedia.org/wiki/Creative_destruction">creative destruction</a> at play, crystallized in a couple of defining years (08–09).</p>
<p>That’s also why I will step up my blogging and try to post more regularly here and elsewhere. This is a defining moment and I feel the need to go deeper about the opportunities opening up. All the old schemes are being or going to get crushed in the foreseeable future. Yet, while a lot of people have anticipated this and few have shed light on what’s next, 95% of it remains unknown. And this is fascinating.</p>
<p>As Umair reminds us in his <a href="http://www.havasmedialab.com/?p=38" rel="nofollow">latest missive</a>—on sustainability but applicable to all areas:</p>
<p><span id="more-170"></span></p>
<blockquote><p>Every piece of literature seems to assume everything will return to normal at some point; that any corporate strategising around sustainability can assume those same constructs that have stood until now. But they’re not standing at the moment and there’s more than a chance that we’re witnessing the irreparable breakdown of the current model.</p></blockquote>
<p>And as it turns out, Schumpeter is again of help here:</p>
<blockquote><p>Analytic effort is of necessity preceded by a preanalytic cognitive actthat supplies the raw material for the analytic effort. […] This preanalytic cognitive act will be called Vision.</p></blockquote>
<p>What we need, at the core and in every discipline, is to change and renew the vision that limit our endeavors, because the old one is being dismantled more and more by the day, no matter what focus you take. <a href="http://blogs.harvardbusiness.org/haque/">Reading Umair</a> can help.</p>
<p>Source of the quote: <a href="http://books.google.com/books?id=pTylUAXE-toC&amp;printsec=frontcover&amp;dq=inauthor:Joseph+inauthor:Alois+inauthor:Schumpeter#PPA39,M1">History of Economic Analysis</a>, 1954
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