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Creativity, Innovation, Entrepreneurship

1. What do creativity, innovation and entrepreneurship have in common?

2. How should creativity be supported in organisational settings?

3. What is the difference between an inventor and an entrepreneur?

Solution Preview

1. Creativity is the ability to make something new or do something differently than any other traditional method. Innovation is the ability to build upon known methods or or expand existing ideas or improve upon a given object. Both of these abilities require that the user think outside traditional methods and attack known problems from previously unknown or unseen angles. Similarly, entrepreneurship requires a sense of marketing a new product or idea (similar to creativity) or marketing a known product in a different manner (similar to innovation). All three of these characteristics require someone to transcend known barriers and develop new(er) methods.

2. Creativity is the soul of a business. Without creativity, it's ...

Solution Summary

The solution describes creativity, innovation, and entrepreneurship and explains what these traits have in common, how creativity can be supported in an organization, and the difference beteween an inventor and an entrepreneur.