Creativity: Necessity for Entrepreneurial Success — Flashcards
NIOS · Class 10 · Entrepreneurship
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What is creativity in simple terms?
Answer
Creativity means to think differently with an input of originality. It helps a person produce new and useful ideas in any field, including business.
Why is creativity important in entrepreneurship?
Answer
Creativity leads to the production of novel and useful ideas within any field. In entrepreneurship, it helps in solving problems, improving products and services, and finding better business opportuni…
What is entrepreneurial creativity?
Answer
Entrepreneurial creativity is a paradigm shift in the generation and implementation of novel, appropriate ideas to establish a new venture and improve the efficiency or effectiveness of a system.
What are the two important aspects of entrepreneurial creativity?
Answer
The two important aspects are process and people. Process is goal-oriented and aims at solving a problem. People are the active resources who determine the solution.
Who introduced the economic theory of creative destruction?
Answer
Joseph Schumpeter introduced the economic theory of creative destruction. It describes how old ways of doing things are destroyed and replaced by the new.
Define creativity as given by Drevdahl.
Answer
Creativity is the capacity of a person to produce compositions, products or ideas which are essentially new or novel and previously unknown to the producer.
What does divergent thinking have to do with creativity?
Answer
Creativity is the capacity to produce ideas that are both new and useful through divergent thinking. Divergent thinking means looking at a problem from many possible directions and generating differen…
List the main characteristics of creativity.
Answer
The main characteristics are: Imaginative, Purposeful, Original, Valuable, and Ability.
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