From Creativity To Innovation [electronic resource] / Yusuf, Shahid
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TextPublication details: Washington, D.C., The World Bank, 2007Description: 1 online resource (20 p.)Subject(s): Agricultural Knowledge and Information Systems | Agriculture | Capabilities | Domain | E-Business | Education | Global markets | Human capital | ICT Policy and Strategies | Information and Communication Technologies | Innovation | Innovations | Knowledge for Development | Networks | Private Sector Development | Product innovation | Productivity | Rural Development | Tertiary Education | UsesAdditional physical formats: Yusuf, Shahid.: From Creativity To Innovation.Online resources: Click here to access online Abstract: Talent is the bedrock of a creative society. Augmenting talent involves mobilizing culture and tradition, building institutions to increase the stock of human capital, enhance its quality, and instill values favoring achievements and initiative. The productivity of this talent in the form of ideas can be raised by nurturing wikicapital-the capital arising from networks. Translating creativity into innovation is a function of multiple incentives and sustaining innovation is inseparable from heavy investment in research. Finally, the transition from innovation to commercially viable products requires the midwifery of many service providers and the entrepreneurship skills of firms small and large.
Talent is the bedrock of a creative society. Augmenting talent involves mobilizing culture and tradition, building institutions to increase the stock of human capital, enhance its quality, and instill values favoring achievements and initiative. The productivity of this talent in the form of ideas can be raised by nurturing wikicapital-the capital arising from networks. Translating creativity into innovation is a function of multiple incentives and sustaining innovation is inseparable from heavy investment in research. Finally, the transition from innovation to commercially viable products requires the midwifery of many service providers and the entrepreneurship skills of firms small and large.
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