Utilizing the concepts elucidated in Froeb Chapters 7-10, one can delve into a particular example of creative destruction. This research entails exploring the writings of economists and scholars who have employed economic concepts and principles to explain the dynamics of companies and industries. Moreover, incorporating historical data from five additional references pertaining to the industry and companies being examined provides a comprehensive historical backdrop to the analysis.

• Blackberry phone displaced by Apple iPhone.
• Blockbuster displaced by Netflix.
• Kodak dominated film photography but missed out on digital photography.
• Amazon displaces brick and mortar retailers by selling online and shipping to homes.
• Expedia, Travelocity, Priceline, TripAdvisor, etc. replace travel agents with do-it-yourself travel planning.
• Airbnb disrupts lodging industry with technology that enables "sharing economy."
• Uber disrupts taxi industry with technology that enables "sharing economy."
• Facebook & google disrupt newspapers and other media that depend on advertising.

Does the industry exhibit economies of scale, which would lead to consolidation? Does production efficiency increase over time due to learning curves (e.g., semi-conductor production unit costs decrease with cumulative production volume)? Are there economies of scope (e.g., Amazon's "pipeline" can deliver almost any type of product. Its infrastructure costs are spread over more units the more products it introduces).

How does a new technology shift the supply curve? How much is the increase in consumption of a product, such as mobile phones, due to the decrease in cost (supply shift, even if demand curve didn't shift) vs. an upward shift in the demand curve due to new ways to use the device and new habits of use?

From chps 9-10: How do the winners in your chosen industry earn economic profits? How do they maintain that competitive edge? What competitive strategies do they employcost reduction, product differentiation, reduction in competitive intensity?

What is creative destruction ?

What are the reasons behind the former industry leader's decline and loss of its dominant position?

What are the market disruptions that occurred and factors that led to the former leader being left behind?

What are the causes of the downfall, including any shortcomings in areas such as organizational flexibility, risk management, expertise, and overall strategy?

Analyze the distinguishing factors by comparing the new leader with the old leader and other aspiring leaders who failed to transition successfully.

The analysis has to cover the various aspects, such as costs, expertise, organizational flexibility, strategy, and risk management. Talk about the specific areas in which the new leader outperformed the old leader, leading to its successful transition.

What are the warning signs that indicate impending challenges for the new leader?

What is the comprehensive analysis of the rise and replacement of a market leader through the lends of creative destruction?

List the former leader's achievements, the reasons behind its decline, and the distinguishing factors of the new leader.

What are the findings and lessons that are applicable to other businesses?

Include references