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  • Study Type

    Part time available

  • Subject Areas

    Business & Management

  • Start Date


  • Course Duration

    4 semesters

  • Course Type


  • Course Fees

    EUR 33,000 (excluding expenses for travelling and accomodation)

  • Last Updated

    16 February 2018

Course content

Schumpeter for the 21st century

Conducting business in an entrepreneurial way and having the capacity for innovation are the most important competitive factors in many business sectors today. To this end, the Austrian-born economist, Joseph Schumpeter, created the term "creative destruction": The stronger incessantly pushes the weaker. The existing economic structure is altered through innovation. Companies failing to rise to this challenge disappear from the market place. However, anyone determining the rules of the game as an innovator, not only generates wealth and social benefits, but may also achieve a temporary monopoly profit.

Innovations are not just the rare, trailblazing "break-throughs". Value is alos generated from companies by creative product improvements, altered processes,






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