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In: Economics

Explain the change in people's approach towards innovation and creativity, over a period of time.Answer in...

Explain the change in people's approach towards innovation and creativity, over a period of time.Answer in 250 - 300 words

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Expert Solution

Changes are taking place in organizations that are replacing old ways of working, reshaping and overlapping traditional structures. In a new working environment, people are contributing new ideas and creativity, these new ideas are developed into innovations that change organizations and give rise to the production of new goods and delivery of the new services.
Technology is getting advanced day by day due to which there is an incredible change in the world. It affects all parts of the society such as business, health care, politics, war, education, etc.
There are endless opportunities for creative and innovative people because they are adaptable and manageable to changes and also give their contribution to the dynamic process.
The success of the organization is mainly driven by creativity and innovation.
In the 21st century, due to fast and unpredictable changes in the global environment, innovation and creativity are becoming more important. Nowadays, organizations that have innovation and creativity do achieve sustainable competitive advantage in the market.
Change and proper management of change is not only the need for the success of a business. The decision of right change by deciding correct ideas for producing the right goods and development of a process for improving the performance, creation of services for adding value and producing goods as per wants of the consumers.
The raw material for innovation and creativity is a new idea that gives rise to new technologies, methods, processes for producing goods or services to accomplish the target of the organization.
The approach of people should be:
Smartness is required to be creative.
Creative people have a high risk-taking capacity.
Creativity is effortless.
Components required for being innovative and creative are curiosity, knowledge and skill, value, imagination, trial and error, entrepreneurship, diligence, and collaboration, etc.


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