Relationship Between Creative Destruction, Technology, and Digital Entrepreneurship: Cases from China, Japan, and Banglades

Digital technologies have been a catalyst for creative destruction in various industries. They have disrupted existing routines and structures while creating new opportunities for innovation. Through creative destruction, digital technologies fundamentally challenge existing routines, capabilities, and structures by which organizations presently operate, adapt, and innovate. The origins of modern technological change provide the context necessary to understand present-day technological transformation, to investigate the impact of the new digital technologies, and to examine the phenomenon of digital disruption of established industries and occupations. How these contemporary technologies will transform industries and institutions, or serve to create new industries and institutions, will unfold in time. The implications of the relationships between these pervasive new forms of digital transformation and the accompanying new business models, business strategies, innovation, and capabilities are being worked through at global, national, corporate, and local levels. Whatever the technological future holds, it will be defined by continual adaptation, perpetual innovation, and the search for new potential. The author of this study concluded that digital entrepreneurship thrives on the principles of creative destruction, using technology to innovate and disrupt existing markets. This cycle of innovation and obsolescence drives economic growth and fosters a dynamic and competitive business environment, which indicates a close connection between Creative Destruction, Technology and Digital Entrepreneurship.