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Monday, January 8, 2007

Fast Company: "CFLs are a classic example of creative destruction"

Jospeh Schumpeter, Creative Destruction, and the Compact Fluorescent Light Bulb. My b-school strategy professor Jeffrey Williams would have been proud had I wrote my term paper on how Wal-Mart is helping the CFL destroy the traditional light bulb industry (I wrote the paper on Google). Professor Williams wrote a great book inspired by Schumpeter, a man who's work and economic theories also inspired the late great Peter Drucker.

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