Academic-Capital

Genius, previously termed gifted, is a person who excels in one or a number of fields in a manner that contributes something new and unique. Geniuses develop new ideas, concepts, artistic forms, or new scientific breakthroughs in order to advance the field. Businesses are naturally interested in geniuses because they can either solve new problems or create new discoveries. A study by Dr. Keith Simonton helps define the differences in creative and scientific genius and how these are impacted by genetics and life.  Genius as a Creative Output Genius is more than being intelligent or ranking high on certain abilities tests. It is also about the actual output marks the individual that creates it. For example, having all the abilities in the world is great but eventually they must be used to create something. A telltale aspect of genius is the advancement of a new artistic piece, a scientific theory, or literary work.  Genius as Intelligence: Creative genius and scienti

Economic growth requires the creation of new products and services for sale that develops new financial revenue streams. Creative works contribute to economic growth by allowing for solutions to market problems and effective consumer utility. On a national scale research and development can increase the gross national product of entire nations.  The first step in understanding economic development is the production of creative works. Creative works can be defined as a systematic approach to increase the stock of knowledge that contributes to man, culture and society by developing new applications (OECD, 1993). Such creative works are then further developed to make consumer products.  The human capacity to innovate has an impact on productivity growth ( Porter and Stern, 2000). This productivity growth is based on the intellectual capital within R& D projects and available national knowledge stock. As investments are moved into R&D, it is the human capacity