Academic-Capital

Companies that don’t continue to improve eventually decline. Innovation fosters organizational transformation while encouraging the finding of new revenue streams. Research by Dew and Hearn (2009) help understand how hybrid groups can be as beneficial as nominal groups in promoting organizational innovation. Teams that work well together generate more ideas and find more solutions to organizational problems.  Innovative development isn’t a wishful tactic. It has practical dollar and cents outcomes. Organizations that do not change, develop, grow, or adjust fall behind on the market. They stagnate while their competitors blast forward. Product development suffers and revenue declines. Innovation is about breathing new life into a company. The very design of teams will determine their level of success. For example, social loafing occurs when one person doesn’t put enough effort into the team but receives the same benefits. Cognitive and social benefits from interaction can h

The creative personality can be a benefit for companies that seek to find new avenues to develop market niches and exploring those niches for higher revenue. Creativity is a cognitive process that allows people to see the novelty within information and focus on that novelty to find new and unique solutions. Fostering creativity in the workplace has many benefits for organizational goal attainment. Creative employees should be nurtured as they can provide positive benefits for years as their solutions are converted to financial benefits.   The creative personality is unique when compared to the general population. They are strong at creative problem-solving, remote association tests, ideation fluency, and creative works (Martinsen, 2011). Creative people are often tested by a variety of different assessments that help identify their unique abilities. The tests help recognize the way in which their thinking processes operate and the creative outputs that are drawn from these pro