How does has the innovation of the personal computer (a.k.a. creative destruction, market-creating innovation) affected industries in the past and present? What can we predict from other, more current, effects based on this knowledge?
Summary
The aim of this research is to demonstrate both how disruptive innovations affect industries as well as how they have affected people’s daily lives. To collect data, two methods will be used. The first method is a statistical analysis of the regression and correlation between the profit margins of the companies that innovated in a destructive way and that of companies that failed to capitalize on the innovation. The next method will be a survey in which participants were at least 18 by 1980 to witness the disruption of the computer industry. These two methods of data collection will be used to evaluate the ramifications of innovations on both the market and the American people.