Innovation, Technology And Market

Masters
Essay
Business
Pages 8 (2008 words)
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Over the last two decades, creativity has become widely acknowledged as both a major goal of economic activity and one of the most important instruments through which firms and countries gain and sustain competitive advantage in globally competitive marketplaces…

Introduction

At the firm's level, Roth claims that creativity is a key functional activity in firms, in much the same way as marketing or finance are. Product creativity is then thought of as a routine operation like any other that firms perform. Others propose (Tang, 1998) that creativity is a key endurance strategy for firms for the reason that it facilitates more rapid alteration to inefficient environments. Creativity then becomes a primary indicator of a firm's ability to adapt to its environment (Drucker, 1994). Over the past few decades, this acclamation of creativity has become highly prominent as technological and scientific advancement, particularly in information and communication, increasingly affects every aspect of people's lives.
Creativity has apparent plus points for individuals and society all together. Not astoundingly, a great pact of research has focused on creativity, particularly in the last two decades. This thesis appraises the creativity explore, first looking to the related qualities, aptitudes, influences, and products, and then inside disciplinary standpoints on creativity (e.g., natal, emotional, developmental, organisational). ...
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