Innovation and creativity influence everything within the human condition, it's how we survived as a species. Starting corporate entities is just another outlet.
Discuss the relationship between creativity,innovation and entrepreneurship
Creativity: The process of generating ideas - divergent thinking.Innovation: The sifting, refining and implementation of ideas - convergent thinking - putting ideas into action."Innovation is about people using new knowledge and understanding to experiment with new possibilities in order to implement new concepts that create new value." (Joyce Wycoff, Global Innovation Study Group)Innovation = Invention + Exploitation (attributed to Ed Roberts of MIT)
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Peter Drucker only defined seven sources of innovation in an entrepreneurial venture. Here are the sources: the unexpected; incongruity; innovation based on process need; changes in industry or market structure; demographics; changes in perception, mood and meaning; and the new knowledge.
I have conducted a researh, which empirically examine the factors of entrepreneurship competencies that have a positive influence on competitive advantage, found that This research specifically focuses on Thai small and medium exporting enterprises. According to the literature review, entrepreneurship competencies are combinations of three elements: knowledge, skill, and personality. Competitive advantage is viewed by five dimensions: product advantage, cost advantage, knowledge advantage, relationship advantage, and structural advantage. The research found that there are eight factors that have a positive influence on competitive advantage. These are knowledge of marketing, knowledge of production and operations, analytical skill, planning skill, coordinating skill, working discipline, creativity, and economic mindset. For more information, please see in; http://www.scribd.com/doc/8998412/EntrepreneurshipCompetitiveAdvantage
Discuss the relationship between creativity,innovation and entrepreneurship
Discuss the relationship between creativity,innovation and entrepreneurship
Information technology in Kenya has transformed the use of technology and creativity in Kenya. Since Kenya has become a strong leader in these areas, entrepreneurship is flourishing at a rapid rate.
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The motto of Lester Center for Entrepreneurship is 'Leading Through Innovation'.
Entrepreneurship and innovation differ in the fact that entrepreneurship requires organizing and managing an enterprise, instead of only contributing.
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Creativity and implementation are the two components of innovation
Steve Jobs
innovation bringthforth a good enterpreneur
Creativity and innovation is the act of thinking differently and uniquely. People who are creative and innovative are able to think for themselves and think in a way that is considered to be 'out of the box'.
The difference between creativity, innovation, and invention is that creativity implies being imaginative which applies more to writing, while innovation is concerned with providing new use for something, and invention means coming up with a completely new idea or device.