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According to Paul Torrance, Creativity

question 8

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According to Paul Torrance, creativity:

Understand the difference between explicit and implicit costs.
Comprehend the concepts of opportunity cost and how it affects economic decisions.
Learn how to calculate economic and accounting profits and distinguish between them.
Appreciate the role of capital and labor in production costs.

Definitions:

Modified Routines

Adjustments or changes made to standard practices or procedures to improve efficiency, accommodate new conditions, or address emerging problems.

Hyper-Turbulent

Hyper-Turbulent describes situations or environments characterized by extremely high levels of change, unpredictability, and complexity.

Seamless Change

A method of implementing change in an organization in a way that minimizes disruptions and appears smooth and effortless to those involved.

Unfreezing

The recognition that some current state of affairs is unsatisfactory.

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