Creativity And Innovation RUNNING A BUSINESS Management And Technology Business Essay

INTRODUCTION

Creativity and Innovation are two different conditions and they theoretically have different meanings. Ingenuity means originality, creativity and inventiveness that are presented through resourcefulness. Invention, on the other palm identifies modernization and improvement over a preexisting idea.

In this way, it is true that imagination and development are two different conditions and cannot be used interchangeably. Yet, they have been used interchangeably in several areas or strolls of life, including business and management as well as technology. In this manner the main distinction between creativeness and invention, being the originality has been disregarded so that the range between creative imagination and technology is slim, it becomes even more difficult to distinguish between these terminologies (Hofstede, 1980).

Another important thing required is that there is a managerial change and a cognitive transition. This helps the organization develop and also be open to new ideas. As there may be increasingly more learning in the business, automatically there would be a chance for an escape through invention (Davila, T. , Epstein, M. J. , and Shelton, 2006).

This increased possibility of new product development contributes to higher success rates of the business and at the same time leads to development of competencies, provides a higher competitive advantages and also helps cope with competition in an improved way. Implementing many of these in my business would definitely bring in better earnings and help my company propel before competitors.

DIFFERENCES

Innovation is an important aspect of progress and development of individuals, organizations, ethnicities and societies. Innovation and creativity refer to attracting new suggestions to life. Innovation may be accomplished strategically through a process of creativity. This helps generate a lot many new ideas in the organization and also create a platform for breakthrough innovations.

It helps a company most probably to new ideas and evolves the learning process within an organization. It can help a firm build after its competencies as well as grow and earn favorable environment for progressing. It also can help a company take advantage of the information it includes and decide on a great deal many new product developments (Amabile, 1996).

Yet, there are several dissimilarities between advancement and creativity. Ingenuity involves the use of originality whereas invention is more about using already existing improvements for the purpose of improving after it and using it for either an improved use or for commercialization purposes.

SIMILARITIES

The author in his newspaper, "Strategies of effective New Product Team leaders" discusses a research that they conducted on development of new products with the objective of understanding the new product development (NPD) procedure for high technology firms. The article clarifies that new product development cannot happen without effective participation from team members and also requires combination functional teams (Rogers, E. M, 2003).

The author expresses that it is extremely important that businesses become powerful and also gain access to their resources, like the recruiting to have the ability to successfully create a new product.

The publisher says that the procedure of creating a new product should be a cognitive or learning process. This is termed as invention as it is dependant on development. Yet as it is a completely new product, additionally it is an important factor in case of creativity as resourcefulness may be essential in case there is creativity as well as creative imagination (Rogers, E. M, 2003).

EXAMPLES OF Blending Creativeness AND INNOVATION

Today, Google is recognized as one of the world's most innovative companies. There are many conscious efforts made by Google cofounders Larry Page and Sergey Brin to increase advancement and creative imagination at the business. There have been several conscious initiatives by them. They consciously focus on stimulating employees to keep an wide open mind, have a questioning attitude, and generate new ideas to be able to keep this degree of innovativeness in the business. They use the genuine form of control and transformational form of authority.

There have been several model types of innovation in the past. The recent most exemplory case of the i-pad as well as other automobiles with environmentally friendly features of companies like Toyota and Ford can be viewed as as model examples of radical technology.

Innovation and creative imagination refer to attracting new suggestions to life. Innovation can be achieved strategically through an activity of creativity. This can help generate a lot many new ideas in the firm and also create a platform for discovery innovations. It can help a firm most probably to new ideas and grows the training process within an organization. It can help a company build after its competencies as well as grow and earn favorable environment for progressing (Johnson, 2005).

Technological development was vitally important for America as it helped in encouraging the industrial revolution. Technological innovations resulted in mechanization and then this was followed by the procedure of large level production which helped in obtaining economies of range. In this manner it became easy for better development of businesses.

The Toyota Development system, assembly brand production and several other revolutionizing and vibrant changes and systems arrived to formation. They were greatly accountable for bringing in standardization, large range production and ideas of ongoing improvement which eventually resulted in the introduction of change management as another discipline.

An example of know-how is computerization and consumption of information systems. The development of computers and information technology, though in its initial stages, resulted in a revolutionized opening up of opportunities in several domains including education. Advancement and creativity refer to bringing in new ideas to life. One of the most recent types of invention is the i-pad. Apple Inc's famous manager Steve Jobs recently uncovered another group of i - devices specifically i-Pad. I-Pad is a kind of a electronic notice pad that looks for to revolutionizes how mass media content is browsed. The entire world has been looking forward to a technology product that can be used as a cellular phone as well as a computer. Finally Apple developed the i-pad and amazed many in the world with the kick off of the tablet computer-the i-Pad that represents a new design of media use in the present age group. The i-pad is a discovery and shall form a fresh explanation for digital devices. It shall start a new category of digital products. They have given the customers more than what that they had expected and beyond their creativeness (Koen et al, 2005).

Innovation may be accomplished strategically through a process of creativity. You will find 4 steps that help create ideas and ideas. This includes

getting the info

thinking about it

realization, eureka factor

evaluation/ implementation (connect to innovation)

The very first step includes gathering of information. It includes data collection and information management. Information nowadays of business creates opportunities and provides competitive border. Timeliness and precision of information are incredibly essential to a small business. The present business situation is well toned and well equipped with superior technology to handle bulks of information. But the most crucial process is the filtering of useful and critical information. This makes information management a very important function and a criterion to accomplish operational efficiency. Then it can help in having the ability to select the best of the ideas and put into practice them (Luecke, R. And Katz, R, 2003).

Information management refers to the process of collection and management of information from one or several resources of data and handling it to match the needs of the users. In addition, it involves dissemination and distribution of information. It is aimed at making techniques and operations more efficient by enabling access to accurate and well-timed information. Information management typically involves change of multimedia of storage of information from newspaper details to the electronic digital medium. Information and knowledge posting are of great use for creativity and creativity.

There will vary levels of creativeness w/ different personalities. Some individuals are delivered with entrepreneurial characteristics and are able to commercialize creative thoughts immediately and effectively. Some people are extremely gifted and have an aptitude for creativity. But just a few of these have risk taking capabilities and can convert ideas into businesses. This is the difference between creative imagination and innovation. It is the execution aspect which is really important.

Innovation will come in w/ each level. It starts with invention and outsourcing or expansion, where in the theory is sold to someone who can commercialize it effectively and proficiently. Then the duplication process might take place. It is extremely important to safeguard an invention rather than let piracy happen. Patents and copyrights are a great way to protect innovations, thus making improvements worth the efforts.

It is important to set-up continuous learning and encourage creativity in an company, especially a technology oriented organization. This might lead to dynamism in an organization and steer clear of stagnation of any kind. This might help generate new product development in an organization and end up being of great importance. This is so because in order to remain competitive on the market and develop new customer bases and a loyal and satisfied customer basic,

I would like to ensure that we now have new and interesting as well as extremely useful products. They are able to help achieve cognitive transitions (Rogers, 2003).

They would ensure is that there is a managerial transition and a cognitive transition. This helps the firm develop and also most probably to new ideas. As you can find more and more learning in the business, automatically there would be a chance for a break through technology. This increased possibility of new product development contributes to higher success rates of the company and at exactly the same time brings about development of competencies, provides a higher competitive edge and also helps deal with competition in a much better way. Implementing all of these in an firm would definitely bring in better profits and help a business propel before competitors. Progressive products, when patented also help create entry barriers on the market and decrease the threat of new entrants. All of this helps the organization create and acquire favorable conditions on the market as well as the surroundings. The advantage that these concepts of developing a strong new product development process are extremely helpful to organizations as they can help transform organizations and obtain a better format of prepared and intervened new product development.

SOURCES OF CREATIVITY

The main aim of the research was to recognize and understand the process of development of a new product. This has been done by performing a two-phased research. They first interviewed a set of managers to comprehend the critical components of new product development. From then on they chosen a few high technology companies as products become obsolete in these industries very

So, all this lead to the next period, where in they interviewed a number of research and development mangers and tried to understand their new product development process. With this they were able to gather sufficient data how the new product development is done purposefully in a technologically advanced company. All this led to the data analysis stage and after interpretations conclusions were attracted.

The conclusion drawn was that the team leaders must change their behavior and formulate new strategies to be able to succeed in new product development. Behavioral changes should also lead to cognitive change and ongoing learning as well as dynamism should be earned the firm to be able to encourage new product development. All this resulted in the successful research on new product development strategies and discovery of possible strategies for new product development in high technology companies. This does form the source of ingenuity.

SOURCES OF INNOVATION

Innovation can be an important aspect of progress and development of individuals, organizations, cultures and societies. Development and creativity label bringing in new ideas to life. Innovation can be achieved strategically through a process of creativity. Invention, productivity as well as performance can be enhanced utilizing a good theory. A negative strategy or wrong choice of strategy can result in a number of problems including poor understanding of the business from a alternative point of view. It brings about weak knowledge of customer needs and lack of co-ordination among the many departments in the business.

Innovation has a great impact on cultures. It has helped merge the western and eastern cultures. This helps bring in a whole lot many new ideas in the organization and also develop a platform for breakthrough innovations. It helps a firm most probably to new ideas and builds up the learning process in an organization. It can help a company build after its competencies as well as grow and earn favorable environment for progressing. It also can help a firm take benefit of the information they have and opt for a whole lot many new product trends.

Information and information systems are a relevant part of every group, where in functions can be carried out with ease anticipated o the information availability. Organizations are becoming more and more competitive because they are technology allowed. So, information performs an essential role in business development as well as market development (Khazanchi, Lewis & Boyer, 2007).

It is incredibly needed for organizations to be well equipped with information systems. These changes have made the youth in producing countries extremely tech savvy. There are several

Indian engineers employed in American companies. In this manner it triggers a cultural influence and though technology is fast, these days, cultural changes are also fast.

The very first step in circumstance of technology includes gathering of information. It includes data collection and information management. Information nowadays of business creates opportunities and provides competitive edge. Timeliness and accuracy and reliability of information are extremely essential to an enterprise.

The present business scenario is well toned and well equipped with advanced technology to take care of bulks of information. But the most important job is the filtering of useful and critical information. This makes information management a very important function and a criterion to achieve functional efficiency. Then it can help in having the ability to pick the best of the ideas and put into action them.

Innovations like scientific developments have triggered a great impact on the culture and way of life in expanding countries like India and China. Furthermore, the job and organizational cultures have greatly revolutionized. Cross-cultural affects are also an incident due to invention.

Innovative products, when patented also help create entrance barriers on the market and decrease the risk of new entrants. All this helps the organization create and find favorable conditions on the market as well as the environment. The advantage these concepts of creating a strong new product development process are extremely beneficial to organizations as they can help transform organizations and obtain a much better format of organized and intervened new product development. That is strategically directed therefore is highly aligned with the aims as well as the strategy of the business (1000ventures. com, 2010).

Moreover it is essential that the new product developed is extremely useful to the business and can be easily commercialized. All of this requires prepared new product development which suits the needs of the clients, thus aiding the company earn better income, sales and profits through innovation. All this would be of great use in my organization. It might be of great useful use and can be easily put in place.

CONCLUSION

Innovation, imagination as well as analytical skills is highly essential in managing and succeeding in a business. Most of the successful companies like Apple, Hewlett Packard and so many more will always be the result of a successful collaboration between a creative and an analytical leader.

This helps create commercially practical innovation which is the main element to success. Analysis of a concept is highly essential in virtually any business which is greatly impacted by cultural influences. Moreover, innovations like in the field of technology and entertainment re greatly influencing cultures and masses. Additionally it is essential that creativity is an integral part of every group that must or must be powerful.

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