![]() |
The Quintessential Survival Guide in the Corporate Quagmire! | |
| |
Creativity and Innovation Management: Goal Setting
Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation. There are other useful definitions in this field, for example, creativity can be defined as consisting of a number of ideas, a number of diverse ideas and a number of novel ideas. There are distinct processes that enhance problem identification and idea generation and, similarly, distinct processes that enhance idea selection, development and commercialisation. Whilst there is no sure fire route to commercial success, these processes improve the probability that good ideas will be generated and selected and that investment in developing and commercialising those ideas will not be wasted. Goal Setting One of the important debates in the field of creativity and innovation is the topic of goal setting. Is it positive or negative? Under extreme time pressure, it is not unusual to find that people become ingeniously creative. The Apollo space mission was rescued because of the urgent need to solve a problem. Edwin Locke proposed that goals were a major source of motivation, that is, goals tell one what needs to be done and what effort needs to be expended. Goals direct responses, actions, behaviour, performance and lead to feedback. Additionally, incremental goals lead to greater output than simply "do your best." However, goals also lead to conformity, which kills creativity. Extreme time pressure also prevents the mind from incubating on a problem - working on it at various cognitive levels and allowing richer solutions to become evident. Moreover, creatives almost unanimously object to targets, preferring for "inspiration." These topics are covered in depth in the MBA dissertation on Managing Creativity & Innovation, which can be purchased (along with a Creativity and Innovation DIY Audit, Good Idea Generator Software and Power Point Presentation) from http://www.managing-creativity.com/ You can also receive a regular, free newsletter by entering your email address at this site. You are free to reproduce this article as long as no changes are made and the author's name and site URL are retained. Kal Bishop MBA, is a management consultant based in London, UK. He has consulted in the visual media and software industries and for clients such as Toshiba and Transport for London. He has led Improv, creativity and innovation workshops, exhibited artwork in San Francisco, Los Angeles and London and written a number of screenplays. He is a passionate traveller. He can be reached on http://www.managing-creativity.com/
MORE RESOURCES: Obama praises Italian leader's economic efforts (AP)
U.S. bank regulators roll fines into mortgage pact (Reuters) Reuters - The Federal Reserve announced on Thursday it has reached an agreement with five U.S. banks on penalties totaling $766.5 million over problems in their mortgage servicing businesses as part of a larger $25 billion foreclosure deal struck between the banks and state and federal agencies. VP Biden touts US economic resiliency at Ohio stop (AP)
Democrats propose 6-week cut in jobless benefits (AP) AP - House-Senate negotiations on extending jobless benefits and a two percentage point cut in the payroll tax remained stalled Thursday, despite a proposal in which Democrats urged a modest six-week cut in the maximum time unemployed workers can receive jobless benefits. Jobless claims drop brightens labor market picture (Reuters)
South Africa plans big infrastructure campaign (AP) AP - South Africa's president announced ambitious infrastructure projects Thursday, laying out his plans for creating jobs and hope in nation harder hit than most in Africa by global recession. White House to promote more positive jobs outlook (AP)
White House lowers "stale" jobless forecast (Reuters) Reuters - President Barack Obama will forecast a U.S. unemployment rate averaging 8.9 percent in 2012 in his annual budget on Monday - but before the document was even released a top aide called the projection "stale" and said it should be lower. Wholesale inventories rose 1 percent in December (AP)
Unemployment aid applications near a 4-year low (AP)
ECB opens door to indirect Greece aid (Reuters) Reuters - European Central Bank President Mario Draghi opened the door on Thursday to helping Athens indirectly after Greek politicians finally signed up to an austerity package following days of dither and delay. Bank of England pumps more cash into economy to support recovery (Reuters) Reuters - The Bank of England voted to inject more cash into the economy to shore up a fragile recovery and shield the country from fallout from the unresolved euro zone debt crisis. Cuts drive Greek unemployment to record high (Reuters) Reuters - Greece's jobless rate rose to a fresh record of 20.9 percent in November, highlighting the pain imposed by austerity on ordinary Greeks as the country negotiates a new pain-for-gain package with its EU and IMF lenders. Big media buy back shares with cable TV cash (Reuters) Reuters - Big U.S. media companies bought back record amounts of their own shares in the last year, with cash generated by cable television networks that drew strong viewership and advertising dollars despite the economic uncertainty. Natural gas price up on production cuts (AP)
China inflation spike pricks policy easing expectations (Reuters) Reuters - China's annual inflation spiked to a consensus-busting 4.5 percent in January as spending jumped during the Chinese Lunar New Year holiday season, breaking a five-month softening trend and forcing a market rethink of policy easing expectations. Hard-hit Californians more optimistic about economy (Reuters) Reuters - Two thirds of Californians believe their personal financial situation will improve in the next 12 months, a sign that residents in one of the hardest-hit states in terms of unemployment and foreclosures are becoming more optimistic about the U.S. economy, according to a survey issued on Thursday. Obama: Europe needs "absolute commitment" on debt crisis (Reuters) Reuters - President Barack Obama said on Wednesday Europe must not flinch as its leaders confront a raging debt crisis that he acknowledged could do real harm to the U.S. economic recovery. Split verdict for corporate espionage suspect (AP) AP - A judge convicted a Chinese-born American Wednesday of stealing trade secrets but acquitted her of more serious charges of economic espionage at a trial that highlighted persistent fears about China pilfering vital information from U.S. companies to bolster its own economy and military. Chinese espionage cases touch DuPont, Motorola (Reuters) Reuters - U.S. prosecutors expanded a criminal case over the alleged theft of industrial secrets from chemical giant DuPont , securing an indictment against a Chinese company on economic espionage-related charges. |
RELATED ARTICLES
|
| home | site map |       Disclaimer |       Privacy Policy |
| © 2006 |