Creativity and Innovation in the National Bank of Oman

Running head: NATIONAL BANK OF OMAN
National Bank of Oman
Name of the Student:
Name of the University:
Author Note:

NATIONAL BANK OF OMAN1
Table of Contents
Introduction................................................................................................................................2
Individual blocks........................................................................................................................2
Designing effective innovation thinking process...................................................................2
Creativity and Innovation in the National Bank of Oman.........................................................5
Action Plan to promote individual innovative thinking.............................................................7
Conclusion..................................................................................................................................8
References..................................................................................................................................9

NATIONAL BANK OF OMAN2
Introduction
According to the viewpoint of Crane, Matten and Spence (2019), creativity is
considered to be that part of the capability of a business organization that helps the same
conceive the synergy of original content or something unusual as compared to other firms. In
the concern of innovation, Chang (2016), is of the view that innovation is the term that means
to invent and implement something new in the working process of a business entity. In this
connection, the given report is focused on identifying the creativity and innovation of the
organization named as National Bank of Oman.
Individual blocks
As stated by Collins (2018), there lie diverse reasons that lead to the rise of individual
blocks concerned about creative thinking. Out of these diverse reasons is considered to be the
thought of fear than a working individual has regarding the decision-making process. This
fear then turns to the fear of executing the decision in the wrong way. As examined by the
help of the study, the next block to the innovative thinking of an individual is determined to
be the thought of resisting oneself from making queries or even providing feedback.
Designing effective innovation thinking process
As stated by Hatch (2018), the process of understanding the problem and being aware
of the weakness that exists in one's organization as well as the gaps and inconsistencies due
to the lack of the information regarding the change in technologies and innovation in the
business market is termed as creativity. In this connection, the given report tends to suggest
the strategical approach of Innovative Value Chain, which would help the organization of
National Bank of Oman to promote and design effective process of individual innovation
thinking in the plans and operations of the same. The same is specified as below.