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Management of permanent change: new challenges and opportunities for change management

  • Organizational management theory chases after practice. The theory remains rather static, and in practice managers constantly have to adapt their companies under permanent change. Joseph Schumpeter considered the “pioneers” as those companies that accelerate change and the “latecomers” as those that fight to keep pace. Schumpeter answered the question of who the pioneers are and what latecomers do for survival in permanent situations of change, calling it a process of “creative destruction”: companies develop new products in their research departments displacing old products from the market.

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Document Type:Part of a Book
Author:Heribert Meffert, Andreas PinkwartORCiD, Ralf Reichwald
Chairs and Professorships:Chair of Innovation Management and Entrepreneurship
Year of Completion:2015
In: Albach, Horst; Meffert, Heribert; Pinkwart, Andreas; Reichwald, Ralf (Eds.). Management of permanent change. Wiesbaden: Springer Gabler, 2015, 3-21