Untitled Flashcards Set

Creativity

The ability to produce work that is useful and novel.

Individual Creativity

A function of intellectual abilities, knowledge, personality traits, motivation, and environment.

Organizational Creativity

A function of both individual creativity and the social processes and contextual factors within an organization.

Innovation

The implementation of new ideas into useful forms, such as new products or processes.

Collaboration in Innovation

Firms may collaborate with customers, suppliers, competitors, and others to enhance innovative efforts.

Idea Management Systems

Systems used by organizations to collect and manage innovative ideas from employees.

Technology Clusters

Regions where firms and institutions are geographically concentrated to facilitate knowledge transfer and innovation.

Agglomeration Economies

Benefits firms gain by clustering together, such as shared resources and labor pools.

Demand-Pull Model

The approach that suggests innovation is driven by the demands of potential users.

Science-Push Approach

A linear view of research and development that moves from scientific discovery to marketing.

Intrinsic Motivation

The inner drive to engage in an activity for its own sake, critical for fostering creativity.

Extrinsic Motivation

External rewards such as money or recognition that can sometimes undermine creativity.

Knowledge Transfer

The process by which knowledge is shared and utilized among individuals and organizations.

Transforming Creativity into Innovation

The process of implementing creative ideas into practical applications or products.

Silicon Valley

A prominent example of a technology cluster known for its innovation and knowledge transfer.

Patent Activities

The actions taken by firms to secure patents for their innovations, influenced by local R&D.

Intellectual Abilities

Cognitive skills that facilitate unconventional problem-solving and innovation.

Technological Spillovers

Benefits realized by other firms or entities from the research and innovations of a leading firm.

Collaborative Networks

Networks formed among various entities to enhance innovation through shared resources and knowledge.

Self-Efficacy

Belief in one's capabilities to execute behaviors necessary to produce specific performance attainments.

Unmet Needs

Requirements that consumers or users have that are not being adequately addressed by existing products or services.

Basic Research

Research aimed at gaining a more comprehensive understanding of the subject without specific commercial applications.

Applied Research

Research that is directed towards solving specific problems or developing new products.