The achievement of better technological realities that outcasts the previous ones. So, the use of resources to create better ideas and improved processes ultimately destructs the one that was in control previously, leading to the process of construction and destruction going simultaneously.
Diagrams
Originated from/Coined by
Joseph Schumpeter
Further Reading/ References
https://www.investopedia.com/terms/c/creativedestruction.asp
https://en.wikipedia.org/wiki/Creative_destruction