The Role of Creativity and Innovation in Implementing Strategies Essay

The Role of Creativity and Innovation in Implementing Strategies - Essay ExampleThis research ordain begin with the statement that innovation and creativity ar essential elements in implementing successful business strategies. Corporations are reluctant to rethink their business models can learn a lot from Wal-Mart. The organization has successfully employ innovation and creativity to its business model. There are many benefits of creating a business purlieu that supports innovation. This environment is convenient for generating bracing ideas that could be very useful for the organization. Innovation and creativity in the business domain may not be rocket science, but they do take a special symbol of practical genius. Through innovation and creativity, small companies can squeeze even higher sales and great profits from the markets. For instance, Wal-Mart started embracing technology (even though it is not in an e-commerce business), and they are now competing with internet g iants equivalent Amazon. Creativity is making or otherwise bringing into existence some function new. It may be a new solution to a problem, a new method, device, or an artistic object. Innovation is adding a new thing to an existing product or process. Creativity is the starting point for innovation. No businesses, however big, can save to hold a position in the market unless they incorporate innovation and creativity in their strategies. The involve would provide guidance to business managers interested in using creativity and innovation to implement their strategies.