Creativity And Innovation Flashcards, test questions and answers

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What is Creativity And Innovation?

Creativity and innovation are essential components of today’s society. With the constant development of technology and advancement in the global economy, leaders must be creative to stay competitive. Creativity is a process by which new ideas are generated while innovation is the implementation of these ideas into practice. Together, creativity and innovation allow organizations to create unique products, services, or solutions that can provide an advantage in their industry.Creativity involves a person’s ability to think outside the box, look at existing problems or opportunities from different angles, recognize patterns or connections between seemingly unrelated ideas, and think imaginatively about potential solutions. It also involves exploring new ways of doing things or combining existing elements in novel ways to come up with something new. Creativity is not limited to just one field; it can be applied across disciplines including art, science, business and engineering.Innovation builds upon creativity by turning ideas into tangible results through research, testing and development processes. This process typically involves taking an idea from concept through design then onto production and implementation into business operations in order to generate value for customers as well as financial returns for the organization behind it. Innovation requires collaboration between departments within an organization as well as external stakeholders such as vendors/suppliers and partners who can help facilitate its successful execution.The combination of creativity and innovation has enabled companies like Apple to remain on top of their industry due to their ability to continuously develop innovative products that meet customer needs better than any other competitor on the market today. By fostering a culture that encourages creative thinking among employees while also providing resources for testing out those ideas with feedback loops built-in so they can iterate accordingly until they have created something truly impactful – companies have a much higher chance at generating value out of their innovations long-term than if they had simply relied on traditional methods alone without any experimentation involved. As such creativity and innovation should be seen as valuable investments rather than risks because when leveraged properly it has proven time again that it can yield great rewards for those willing put in the hard work necessary make them come alive.