100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached 4.2 TrustPilot
logo-home
Summary

Summary EI Man 214 Chapter 3

Rating
-
Sold
-
Pages
10
Uploaded on
14-04-2022
Written in
2022/2023

Chapter 3 of prescribed textbook










Whoops! We can’t load your doc right now. Try again or contact support.

Document information

Summarized whole book?
No
Which chapters are summarized?
Chapter 3
Uploaded on
April 14, 2022
Number of pages
10
Written in
2022/2023
Type
Summary

Content preview

EI management: Chapter 3 – Creativity and innovation
The theory of creativity
o Creativity = brain driven/thinking actions
o 80% of problems solve by creative thinking process
Top 10 skills for the fourth industrial revolution




o The 4iR demands innovation
o Presents immense opportunities in biotechnology, 3D printing,
Fourth industrial revolution – the
artificial intelligence & robotics
fourth industrial revolution is the 4th
o Significant changes in all industries will result in opportunities
major industrial era since the initial IR
o The principles of the entrepreneurial process remains the
of the 18th century. It is characterised
same
by a fusion of technologies that is
o You have to identify a viable oppourtunity
blurring the lines between the
o You need a product or service
physical, digital & biological spheres
o You need feasible business model


àTimeframes for
new industries

, o Creativity contains the following conditions:
o It is a product or the result of a thinking process, Creativity defined in 3 core fields of
resulting in value application (Sawyer 2012)
o This thinking process is time & energy consuming
o The initial problem is vague & unstructured. The problem 1. creativity creates newness (new
definition is thus integrated in the thinking process ideas, new problem-solving
o It is unusual, uncommon, unique, something with surprise techniques, & new products)
value 2. creativity is a combinator
o It is practical, functional, feasible (combines & associates unrelated
o It is understandable & could be used by others thoughts, ideas & concepts)
o Blanchard (2010) sees creativity as the ability to:
o Remove the fear of failure 3. creativity is articulated in the world
o Continuously investigate & test new horizons (creativity has to express & not
o Generate & test new ideas merely resemble dreams)
o Introduce society to something they have not
experienced before
o Acar, Burnett & Cabra summarises the basics of modern creativity into 4 ‘usefulness’ categories
o Originality
o Value
o Surprise
o Aesthetics
o Sawyer (2012) positions creativity in trends in the socioeconomic environment:
o Globalisation resulted in higher competitiveness & affected market environments that were
historically protected
o Product development cycles are shortening
o Non-creative occupations are continuously being replaced by automation techniques
o Increased wealth & leisure time of advanced nations increased demand for “creative” products


à types of
creativity

Get to know the seller

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
erynbt
View profile
Follow You need to be logged in order to follow users or courses
Sold
16
Member since
5 year
Number of followers
13
Documents
23
Last sold
1 year ago

5,0

2 reviews

5
2
4
0
3
0
2
0
1
0

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their exams and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can immediately select a different document that better matches what you need.

Pay how you prefer, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card or EFT and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Frequently asked questions