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