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Creativity and Innovation in a Country or Nation

   

Added on  2020-12-09

8 Pages1876 Words260 Views
Entrepreneurship andinnovation

EXECUTIVE SUMMARY This report described the concept of creativity and innovation along with its importancefor a country or nation. The study determined that Creativity is the ability to evolve or generateideas and Innovations are the products, ideas, processes and services that are perceived as beingunique and new & have been developed, created and implemented. In addition to this, the reportstated creativity and innovation can be helpful for China in generating job opportunities as wellas improving economic conditions of the country. Furthermore, it can be concluded from thisexamination that there are many benefits of innovations such as Improved productivity, Reducedcosts Increased competitiveness, New relationships and partnerships etc. The report also definesthat there are many challenges faced by a country while brining creativity and innovation such asrisk of investment, resistance among people and lack of financial resources.

TABLE OF CONTENTSEXECUTIVE SUMMARY ............................................................................................................2INTRODUCTION...........................................................................................................................11. IMPORTANCE OF INVESTING IN CREATIVITY AND INNOVATION ............................12. FACILITATING THE CREATIVITY AND INNOVATION....................................................13. BENEFITS OF INVESTING ON BOOSTING THE CREATIVITY AND INNOVATION ....24. CHALLENGES FACED BY THE COUNTRY WHILE INVESTING IN CREATIVITYAND INNOVATION.......................................................................................................................3CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................5

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