Answer to Question #63636 in Other Economics for Alex
Question #63636
discuss commonalities between creativity, innovation and enterpreneurship ( 15 marks)
Expert's answer
Creativity is turning new and imaginative ideas into reality.
Innovation is the process of translating the idea or invention into a good or service that creates value or for which the customer will pay.
Entrepreneurship is the process of designing, launching and running a new business.
As it is clear from definitions provided, all the three phenomena expect an introduction on new ideas, principles or concepts into reality.
Innovation is the process of translating the idea or invention into a good or service that creates value or for which the customer will pay.
Entrepreneurship is the process of designing, launching and running a new business.
As it is clear from definitions provided, all the three phenomena expect an introduction on new ideas, principles or concepts into reality.
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