Creativity and Innovation play a significant role in business performance in the modern day organisa

Page 1

iJournals: International Journal of Social Relevance & Concern ISSN-2347-9698 Volume 6 Issue 6 June 2018

Creativity and Innovation play a significant role in business performance in the modern day organisation. Author: Samuel Solomon Chinhanga (University of Zimbabwe, Faculty of Commerce, +263773 840 309, schinhanga@gmail.com) Abstract Modern day organisations face a plethora of challenges ranging from viability, to performance, among others. Firms that are future oriented have to come up with strategies that would allow them to survive competition. As a result, the organisations have to embrace creativity and innovation in order to overcome some of these challenges. Global competition and the instabilityof macro-economic environment also pose a great threat to firm survival. Organisations should focus on Research and Development in order to satisfy customer tastes and preferences. The process should be continuous and tastes and preferences of customers keep on changing. While globalisation is brings competitive advantage to firms in developed countries, organisations in developing countries have work extra hard in terms of creativity and innovation in order to match their counter parts from the developed countries. Ideal innovation and creative strategies allow a small firm to compete well with established organisations.

INTRODUCTION The modern day organisation has seen a lot of competition among businesses as well as change in needs wants and tastes of consumers, across the globe. This has as a result, called for creativity and innovation by organisations that have a focus on the future. Firms that need not only to survive but that aim to perform better and beyond the national boundaries have to always come up with something new, that beats competition. Creativity is the ability to generate new ideas by combining changing or reapplying existing ideas. Some creative ideas are astonishing and brilliant, while others are just simple, good and practical ideas that no one seems to have thought of yet (Harris, 1998). Creativity is a process as researchers, academics and scholars are anxious to explore as much as possible about the distinctively human capacity to generate new ideas, new approaches, hence new and valuable solutions for challenges faced by the people. Creativity is one among other key factors that propel enlightenment across the globe, as humans try to seek solutions to a number of challenges they come across. Then, on the other hand, innovation is the tool of entrepreneurship where as both, innovation and entrepreneurship demand creativity in order to meet human demands and needs (Drucker, 1985). It has to be noted that, innovation is adding something new or valuable to an existing product or process. The product or process may have been created from scratch and has worked reasonably well or it is completely a new product or service, in the process of changing it, in comparison to the original state It has been noted that, innovation is the process of bringing out the best ideas into fruition, which triggers a creative idea, which in turn generates a series of innovative activities, thereafter. Therefore, innovation is the creation of new value to the business or to the customers. It is a process that transforms new ideas into better value by transforming an idea into an enhanced product or service for the customer. There is a link between innovation and creativity as one cannot innovate without creativity, which begins by the generation of an idea. Innovation therefore, is the process that combines ideas and knowledge into new value, in trying to satisfy customer needs and wants. An organisation that does not innovate may soon become obsolete, as customers would abandon its products and services, in favour of those for competitors. Innovation is seen as the introduction of something new and the implementation of creative inspiration, in response to customer request or demand.

Samuel Solomon Chinhanga vol 6 Issue 6, pp 13-25 June 2018


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
Creativity and Innovation play a significant role in business performance in the modern day organisa by IJournals - Issuu