SCCD, the Schumpeter Centre for Creative Destruction, is an independent think tank with a dual research and educational vocation, whose mission is the popularisation of the most important economic issues of our times: demographics, innovation, IT, globalisation, labour economics, and the energy sector.
The only unchanging force in economics, politics and society, is the dynamic of constant change. An individual, company, or government, who are unable to adapt to these changes and do not know how to prepare for and implement them, sooner or later will succumb to their negative effects. In order to prevent this from happening, our experts, brought together by the SCCD, publish, educate and express their opinion on the most important aspects of competitiveness in our ever-changing contemporary world. These actions are in line with the thinking of Joseph Schumpeter, the inspiration of our think tank and our take on change and competitiveness.
The key role of innovation in todays economy‘Innovation’ is currently one of the most popular buzzwords used to describe business projects, which enable individuals and societies to enrich themselves. Schumpeter considered innovativeness as one of the most important features of an enterprise wishing to retain a high position on the market.
Creative destruction as a positive force for changeHe coined the term of ‘creative destruction’. This is a powerful and merciless force, which makes capitalism into the most effective vehicle for wealth creation in societies. It has a positive nature and promotes competition. Thanks to this phenomenon even large companies have to constantly improve their products or services, or they too will be faced with destruction or replacement with smaller and more agile and creative competitors.
Entrepreneurship is responsible for creating new value and improving our lives‘Creative destruction’ explains the nature of change and economic development. It is responsible for the creation of start-ups and emergence of new technologies. The amazing ability of capitalism to be reborn, to change, transform, is thanks to entrepreneurs – individuals, who leverage innovation or change our world.
How individuals companies and governments can thrive in the new world economyBut ‘creative destruction’ doesn’t only apply to companies, it also works on individuals, who try to remain on and thrive in the labour market. It also works on the most powerful governments, on international organisations and highly-effective local authorities.
We research both emerging and developed markets. Our experts specialise in new institutional economics, entrepreneurship, management, demographics, in the energy sector, in strategic consulting, economic analysis, also creating forecasts of the effects of public policy on the economy. We also analyse the behaviour of individuals and the ways in which they can remain relevant in the market. We merge an analytical methodology with scientific curiosity and broad first-hand experience gained on the market. We believe that modern technology and methodologies will be the key to social well-being, coupled with the removal of any institutional and market barriers and rigidities. We are interested in the social sciences with particular focus on economics, demographics, management and IT.